Coviance

Coviance builds software for community banks and credit unions that handle home equity and HELOC lending, a corner of mortgage technology often overlooked by broader loan origination systems. Based in West Des Moines, Iowa, the company has served community lenders since 2015, concentrating on the equity lending workflow rather than the full mortgage stack.

The platform's Fast Track solution is designed to shorten the distance between a borrower's application and a funded loan, aiming to give smaller lenders the kind of speed typically associated with larger fintech competitors. Coviance describes this as giving credit unions and community banks fintech capability without losing the in-person, relationship-driven service those institutions are known for, rather than replacing loan officers with an automated process.

Since 2021, lenders on the Coviance platform have originated 543,000 home equity loans, totaling more than $36 billion in transactional volume, reflecting sustained use across its community banking and credit union client base. The company has been recognized within the industry, including NACUSO's 2022 Contemporary CUSO of the Year, a spot on Inc. 5000's list of Financial Services companies for three consecutive years, a 2024 Tech100 Mortgage honor from HousingWire, and the Inc. Power Partner 2023 designation.