Faster Access to Home Equity: How Trovy Reimagines the HELOC Approval Process

Swipe Fast: How Trovy Rewrites the HELOC Rulebook

Legacy HELOCs are stuck in a process that hasn’t changed much in decades. The pain points are predictable: manual appraisals, title searches, and wet signatures. Each step adds days to your timeline and opens the door for more back-and-forth.

Trovy’s 4-Minute Flow²

• Instant valuation: we estimate your home’s value using an industry-leading automated property valuation model to quickly determine the amount of equity you have in your home
• Automated ownership checks: we use a third-party provider to confirm ownership of the property and eligibility of the property type
• Real-time underwriting: we calculate your APR within seconds using your credit score, debt-to-income ratio, and your property’s combined loan-to-value ratio. Your CLTV allows us to bring risk-based pricing to credit card holders.

Our digital underwriting process runs instantly in the background. Before you can look down to scroll your Instagram feed, you’ll be presented with your offer and potential credit limit.

A New Standard for Speed and Simplicity

Step	Traditional HELOC	Trovy 4-Minute Flow
Property Valuation	Manual appraisal (5–10 days)	Instant AVM
Ownership Verification	Title search (2–5 days)	Automated ownership check (real-time)
Application Review	Multiple handoffs	Real-time credit + risk engine