Symmetry Lending

What Symmetry Lending does

Symmetry Lending, LLC is a private, Atlanta-based financial services company founded in 2018 that operates as a Credit Union Service Organization (CUSO) under NMLS license #1725404. The company originates Home Equity Lines of Credit (HELOCs) through a national channel of mortgage brokers, wholesalers, and bankers, offering three core products: a standalone second-lien HELOC, a piggyback HELOC aligned with FNMA DU or LP approval, and a 1st lien HELOC allowing up to 80% CLTV and $750,000 maximum line amounts on primary residences. Underwriting follows FNMA guidelines with limited overlays, and all loans are facilitated on behalf of regulated credit union and bank lending partners rather than being held on Symmetry's own balance sheet.

Symmetry operates a dedicated Capital Markets division built on a proprietary technology platform for loan fulfillment, portfolio management, and investor reporting. The Capital Markets business serves a network of more than 197 financial institutions through three service lines: Loan Fulfillment (whole loan and participation purchases), Loan Acquisition, and Master Loan Servicing, including investor reporting, due diligence, documentation management, collections, and loss mitigation. Loan servicing operations are outsourced to Cenlar under a core operational partnership. Since inception, Symmetry has delivered over $9.8 billion in assets to institutional investors, with revenue generated through a combination of per-loan transaction fees on HELOC origination and recurring managed-services fees from capital markets activities. The company employs 101-250 people and is led by CEO Brian MacInnis and co-founder Chelsea Feliciano.

Name

Symmetry Lending

Legal name

Symmetry Lending, LLC

Website

https://symmetrylending.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Symmetry Lending is a CUSO that originates HELOCs through a national mortgage broker channel and operates a Capital Markets platform serving 197+ financial institutions for loan fulfillment, acquisition, and master servicing, with over $9.8 billion in assets delivered since 2018.

Ownership category

akta.pro rank

Product category

Mortgage Lending Services

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

HELOC Origination (Revolving Lines of Credit) (FSALAGAB)

akta.pro secondary industries

Home Equity Loan/HELOC Secondary Market & Securitization (ABS/Whole Loan Sales) (FSALAGAH), HELOC & Second-Lien Wholesale Lending (FSALACAG), Home Equity & HELOC Intermediaries (FSALABAE)

Keywords

• HELOC lending services
• Home equity lines
• Mortgage broker services
• Loan portfolio management
• Capital markets services

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

1. HELOC Origination: Symmetry originates home equity lines of credit (HELOCs) including standalone HELOCs, piggyback HELOCs, and 1st lien HELOCs for mortgage brokers and bankers.
2. Loan Fulfillment Services: Provides loan fulfillment services including loan sales in the secondary market for credit union, bank, and financial investors.
3. Master Loan Servicing: End-to-end loan servicing including investor reporting, due diligence, documentation management, collections, and loss mitigation for managed portfolios.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Symmetry Lending originates Home Equity Lines of Credit (HELOCs), including Standalone HELOCs, Piggyback HELOCs, and 1st Lien HELOCs, on behalf of mortgage brokers, wholesalers, and retailers across the United States. The company also operates a Capital Markets division that provides loan fulfillment, whole loan and participation acquisitions, and master loan servicing for credit unions, banks, and financial institution investors.

Product overview

Symmetry Lending is a mortgage technology company offering a portfolio of Home Equity Line of Credit (HELOC) products to mortgage brokers, wholesalers, and retailers across the United States. The product lineup consists of three HELOC variants: Standalone HELOC (2nd lien), Piggyback HELOC (designed to align with FNMA DU or LP approval), and 1st Lien HELOC (up to 80% CLTV, $750,000 max). The company also operates a Capital Markets division providing Loan Fulfillment, Loan Acquisition (whole loan and participation structures), and Master Loan Servicing to its network of over 197 financial institutions. Symmetry has delivered over $9.8 billion in assets since 2018.

Differentiator

Problem solved

Functional benefit

Products and services

• Standalone HELOC Home Equity Line of Credit offered as a standalone product (2nd lien) for borrowers to access equity in their homes, distributed through mortgage brokers and bankers.
• Piggyback HELOC
• 1st Lien HELOC
• Loan Fulfillment End-to-end loan fulfillment services for credit union and bank partners, providing member growth, loan growth, portfolio diversification, and balance sheet flexibility through HELOC origination on their behalf.
• Loan Acquisition Whole loan and participation purchase options for financial institutions, enabling HELOC portfolio diversification, member growth, and yield enhancement through Symmetry's network.
• Master Loan Servicing Comprehensive servicing management for HELOC portfolios including investor reporting, due diligence, documentation, collections, and loss mitigation; actual loan servicing executed by partner Cenlar on Symmetry's behalf.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• CenlarcoreStrategic or Co-development PartnerCenlar performs all loan servicing duties on Symmetry's behalf including monthly statements, payment processing, account advances, loan payoffs, and other loan servicing needs. All Symmetry HELOCs are serviced by Cenlar on Symmetry's behalf.
• Credit Unions and Banks (Lending Partners)coreStrategic or Co-development PartnerSymmetry operates in partnership with multiple credit unions and banks. Loans are facilitated on behalf of one of Symmetry's lending partners as part of the fulfillment process, providing stability and reliability.
• Financial Institutions (197+)coreChannel Partner/ Reseller/ DistributorSymmetry's network of more than 197 financial institutions benefits from loan purchasing in whole loan and participation structures. Services include loan portfolio management, member growth, and yield enhancement.
• FNMA (Fannie Mae)minorStrategic or Co-development PartnerSymmetry follows FNMA guidelines very closely with limited overlays. They follow FNMA guidance for credit guidelines, income calculations, and selling requirements.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Figure Technologies: Figure is a fintech HELOC originator using blockchain and digital workflows to originate home equity lines of credit. Like Symmetry, Figure originates HELOCs via a tech-enabled platform and sells or securitizes loans, competing in the same HELOC origination space — though Figure leans more consumer-direct while Symmetry is wholesale via brokers.
• Angel Oak Mortgage Solutions: Angel Oak Mortgage Solutions is a wholesale and correspondent lender offering non-QM and HELOC products distributed through brokers. Symmetry and Angel Oak compete for similar broker-driven HELOC and home equity product demand.
• Newfi Wholesale: Newfi is a non-QM and HELOC wholesale lender that distributes through mortgage brokers using a portal-driven workflow. It competes head-to-head with Symmetry's broker channel for HELOC and second-lien volume.
• A&D Mortgage: A&D Mortgage is a wholesale mortgage lender with HELOC and non-QM products distributed primarily through a broker network. Comparable to Symmetry's broker-channel model and product mix.

Broad incumbents

• UWM (United Wholesale Mortgage): UWM is the largest U.S. wholesale mortgage lender with a broad product set including HELOC offerings through brokers. Operates at materially larger scale than Symmetry in the same broker channel.
• Homepoint (now Rocket Pro Wholesale): Homepoint was a major wholesale HELOC and mortgage originator serving brokers nationwide (now operating as Rocket Pro TPO). It overlaps Symmetry's broker-channel HELOC business at meaningful scale.
• loanDepot Wholesale: loanDepot's wholesale division offers HELOC and home equity products to mortgage brokers at large scale. A broader incumbent with overlapping wholesale HELOC capabilities.

Emerging players

• Hometap: Hometap is a fintech offering home equity investment products as an alternative to traditional HELOCs. Adjacent competitor competing for the same homeowner liquidity need via a different product structure.
• Unlock Technologies: Unlock offers home equity agreements and HELOC-adjacent products to homeowners digitally. Comparable to Symmetry in serving home equity borrowing demand through a tech-led platform.

Others

• Cenlar FSB: Cenlar is Symmetry's strategic subservicing partner and one of the largest U.S. mortgage subservicers, handling all of Symmetry's loan servicing. Not a competitor but a critical operational dependency.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/showcase/symmetry-capital-markets
• Xx.com/symmetryheloc
• Facebookfacebook.com/symmetryHELOC

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Symmetry Lending