HLP Rewards
Lenders receive more detailed and accurate borrower profiles through the reward system, facilitating better-informed lending decisions. This leads to a more efficient and targeted lending process. The reward system generates valuable data on borrower preferences and actions, providing you with insights into market trends and enabling you to adapt strategies accordingly.
Average Setup time is 3 weeks
How It Works
As borrowers strive to earn rewards, there is a heightened level of communication between you and high-intent borrowers. This transparent and active communication contributes to better understanding and collaboration.
Improved Borrower Profiles
Lenders participating in the HLP reward system via our co-branded rewards app can offer additional incentives to borrowers, creating a competitive advantage in attracting and retaining customers.
Using HLP Rewards to Mitigate Risk
The reward system promotes responsible financial behavior, contributing to risk mitigation for lenders. Borrowers actively working towards homeownership are likely to be more committed and less risky for lenders.
Lenders receive more detailed and accurate borrower profiles through the reward system, facilitating better-informed lending decisions. This leads to a more efficient and targeted lending process.
How HLP Rewards works for applicants
HLP Rewards is a loyalty program that helps you save money on buying a home. We started HLP Rewards to help more lenders support borrowers in building their financial future.
To join HLP Rewards, just create a free HLP Account. You’ll automatically be enrolled in our rewards program the first time you open the app. Then, visit your Rewards page often to see what you have earned and ways to earn.
If you already have an HLP Account, there is no need to create a new one. Sign in now to see your rewards.
Anyone 18 years of age or older can use HLP Rewards.
HLP provides a marketplace for lenders to advertise and market lesser-known mortgage products and programs to people who need them at scale.
We consult, monitor, and train banks on how to better support applications considered to be “harder deals.”
Our reward system also provides a way for lenders to get fair lending credit for their efforts.
Earning HLP Rewards Bucks
There are so many ways to earn reward points! Reading articles, using calculators, and filling out your mortgage pre-approval checklist are just a few examples. We constantly add new ways to earn reward points while improving your mortgage approval options.
It depends on the activity.
Most activities can only be done once yearly, although you can earn points for referring new members multiple times.
Your HLP Rewards page will show you what’s available.
Using HLP Rewards for home purchase
HLP Rewards can be redeemed for down payment and closing cost savings on your next home purchase.
And that’s only the beginning! In the months ahead, we’ll be adding more reward options with different lenders in the HLP network.
Once you create an account or sign in, you can visit your HLP Rewards page, Submit your pre-approval request through the HLP app to start your redemption process.
HLP partners with lenders willing to allow you to redeem any rewards earned during your experience at closing time.
No HLP Rewards never expire.
Yes. Submitting your information through our app is the only way to ensure you receive your reward points.
You may let Kev select a lender for you or pick the one you desire to work with yourself.
In general, you’re eligible for the closing cost credit if you’re getting a mortgage loan that’s a retail purchase mortgage from any lender in our network. You’re not eligible if your loan is a refinance loan or you applied through a broker or one of our partners.
If your points were earned from app activities, some additional restrictions apply. You can’t redeem activity points for closing cost credit if you apply outside of the HLP app.
Yes! HLP Rewards can usually be combined with other discounts and promotions so you can save as much money as possible – though there are some exclusions. Check with the lender you connect with to see if the offer can be combined with other deals.
Yes! To save on your closing with HLP Rewards, you simply need to submit your pre-approval request in the HLP app. However, if you need a great real estate agent, HLP can match you with a top-rated agent in your community.