This document is an interview with Joe Chappell, EVP of Covius Settlement Services, discussing the current state of the home equity market and Covius' new home equity solution for lenders. The interview outlines the growth of the home equity market, highlighting a statistic from TransUnion indicating approximately 500,000 HELOCs and HELs originated in Q1. It details the significant levels of home equity available to homeowners, with Black Knight reporting $10.5 trillion in tappable equity. The document explains the challenges lenders face, including the need for efficiency in processing home equity transactions, which are often smaller in volume but require similar settlement services as first mortgages. It emphasizes the importance of speed in closing home equity transactions, with Covius' new solution enabling lenders to close loans in as little as five days. Additionally, it discusses the role of valuation models and the potential for consolidated solutions to enhance efficiency in the home equity process.