Portfolio equity is the total equity across every property the client owns. It's almost always the number that opens up the bigger conversation - debt consolidation, HELOC, investment financing.
How The Rollup Works
Portfolio Equity = Subject Property Equity + Σ(Additional Properties Equity)
Each additional property contributes its own (value minus owed) calculation. If a property has a mortgage on it, that mortgage is subtracted. If it's owned free and clear, the full value flows in.
Where Portfolio Equity Surfaces
You'll see the portfolio number on:
- The client detail view (Equity tab) - at the bottom under the additional properties section.
- The refinance and renewals lists - when you scan for high-portfolio-equity clients, this is what's surfacing.
- The equity report sent to the client - they see their full picture too. See The Equity Report.
- The consolidation report - used to show what's available for consolidation. See The Consolidation Report.
When To Recalculate
Portfolio equity recalculates automatically whenever:
- A property's AVM value refreshes.
- You add or remove an additional property.
- You override a value with the pencil icon.
- You update a mortgage balance on any property.
You don't need to manually trigger a recalc.
A Note On Outdated Information
If the portfolio number looks off, the most common causes are:
- A missing additional property that you know about but haven't added.
- An out-of-date mortgage balance on a rental (these don't auto-update like the subject property).
- An AVM mismatch on a non-standard property - consider overriding.
What To Do Next
- Capture more properties: Adding Additional Properties.
- Use the portfolio number in your pitch: The Equity Report.