dv01, a leading capital markets fintech driving technological innovation and loan-level transparency in structured finance, and Fitch Ratings, one of the world's largest credit ratings agencies, announced the launch of the Fitch-dv01 HELOC Benchmark, the latest addition to the companies' co-branded mortgage benchmarking initiative.

The benchmark provides institutional investors and issuers with the most comprehensive view into performance across the fast-growing home equity line of credit ("HELOC") market. Sourcing from securitizations where dv01 serves as Loan Data Agent ("LDA") and Fitch-rated transactions, the benchmark standardizes performance metrics across shelves and issuers—delivering consistent, transparent insights into credit quality, prepayment trends, and borrower behavior. It is available through dv01's web application and data feed.

The HELOC market has experienced a resurgence, with nationwide balances rising 9.7% year over year to $359.9 billion in 2024, driven by strong borrower credit quality, rising home values, and increased origination activity from both bank and non-bank lenders. Despite this growth, meaningful performance analysis has remained difficult due to data fragmentation, inconsistencies in reporting formats, and limited visibility into key credit metrics.

"This benchmark reinforces our mission of bringing transparency to structured credit markets through high-quality data and modern infrastructure," said Perry Rahbar, Founder and CEO of dv01. "We're providing investors with a consistent view of risk and empowering issuers to understand how their platforms are performing relative to the broader market. It's a powerful tool for informing decisions and presenting a data-backed view of platform performance."