With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers.

Nearly all of the companies analyzed that provide home equity lending have a digital application process, while about half incorporate a soft credit pull before they fully underwrite these loans, according to a report released Wednesday by intelligence firm Keynova Group.

Keynova’s report reviewed the digital capabilities and user experiences at 12 of the top bank and nonbank lenders in the country. Depository lenders analyzed included Bank of America, Chase, details ⇒