HELOC Processing Services | CTC Processing LLC
HELOCs (Home Equity Lines of Credit) have their own processing nuances — CLTV calculations, subordination agreements, and second-lien title work. CTC Processing manages the full HELOC process so your borrowers can access equity quickly.
Key requirements
- Max CLTV 80–90% (varies by lender)
- 620–700+ credit
- sufficient equity
- subordination required if first lien is being refinanced
- variable rate draws
- 10-year draw period standard
Processing steps
- 1Verify CLTV based on current value
- 2order AVM or full appraisal
- 3title search for existing liens
- 4subordination request if needed
- 5review income/credit conditions
- 6CTC and line opening
Common conditions
- Current mortgage statement for CLTV calculation
- homeowners insurance with lender as additional insured on second lien
- subordination agreement from first lien servicer
How we process it
HELOC subordination requests are the most common delay — servicers can take 2–4 weeks to process subordination agreements. CTC submits subordination requests on day 1 and follows up proactively.
Frequently Asked Questions
What is a CLTV and why does it matter for a HELOC?
CLTV (Combined Loan-to-Value) is the total of all liens divided by the home's value. Most lenders limit HELOC CLTVs to 80–90%. CTC verifies CLTV on intake to confirm the line amount is achievable.
What is a subordination agreement?
When a first mortgage is refinanced, the existing HELOC would move to first position — the HELOC lender must agree to remain in second position via a subordination agreement. CTC manages this process and tracks the servicer's turnaround.
How long does HELOC processing take?
Standard HELOCs close in 14–21 days. If subordination is required, add 10–20 business days for the servicer to process the agreement.
HELOCs — closed with precision.
Hand us the file. We'll handle the guideline, the conditions, and the closing.