Des Moines-based fintech company LenderClose, which provides a cloud-based platform for the home equity lending process, announced Thursday a rebrand to Coviance.

According to a news release, the new brand reflects the company’s next phase of growth as a technology partner providing process automation.

“The evolution of our technology has advanced us into a new era on our mission to perfect the lending experience,” Omar Jordan, founder and CEO of Coviance, said in the release. “Our technology empowers credit unions and community banks to compete with fintechs, delivering the best borrower experience with a more humanized touch.”

Coviance has over 425 credit unions and community banks nationwide on its platform. It has experienced 1,117% growth in three years. In 2022, nearly $8 billion in home equity lending transaction volume was processed using Coviance’s technology.