Renewed name better reflects suite of home loan offerings
Riverwoods, IL, April 22, 2020 – Discover Home Equity Loans has simplified its name to Discover Home Loans to better represent its full range of home loan offerings, which includes mortgage refinances in addition to home equity loans.
“Over the past seven years, we have become a national leader in the closed-end second mortgage market,” said PK Parekh, senior vice president of Discover Home Loans. “U.S. homeowners are making use of their equity not only with second lien mortgages, but also with products such as cash out refinance. For homeowners with low mortgage balances, our solution works well because all of our loans have zero origination fees and zero cash due at closing. It makes sense for us to change our name to Discover Home Loans so that it is clearer to consumers that we can, and do, refinance primary mortgages.”
As part of the rebranding efforts, the Discover Home Loans name and logo will appear in all marketing materials, customer communications and websites. Customers can apply for a home equity loan or mortgage refinance online from any device and receive multiple loan options in minutes. They can also speak to a Discover Home Loans Personal Banker and expect the great personalized service that is the hallmark of Discover. For more information on Discover Home Loans, visit www.discoverhomeloans.com.
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest issuers of credit cards, online deposit products, and consumer loans in the United States. The company issues the Discover card—America's cash rewards pioneer—and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company.
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