Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

The unique challenges facing minority first-time homebuyers

In this episode, we interview Timothy Demry, a real estate agent in San Francisco’s Bay Area, about his experience serving minority first-time homebuyers.

How modernized servicing creates customers for life

Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.

Savvy lenders are already preparing for the next valley – Here’s how

Despite increased rate of tech adoption, the industry still has room for continued tech development and usage. Read here to learn more about key technologies that lenders need to give more attention to.

Awards

2020 HW Tech100 Mortgage winner: Figure

Transforming the lending experience for consumers through the power of blockchain

Figure is transforming the lending experience for consumers through the power of blockchain. Through its proprietary blockchain, Provenance, Figure takes loans from application to funding in days, not the typical weeks-long process. Figure products eliminate time consuming appraisals and inspections and require zero paperwork, resulting in a truly digital experience. Figure’s flagship product, Figure Home Equity Line, is a fixed-rate line of credit that provides approval in as little as five minutes and funding in five days — all online. It allows consumers to borrow against the equity in their homes without the paperwork-intensive, 45-day process traditional lenders require.

  • In just two years, Figure has become the fourth largest HELOC originator in the United States and homeowners can now borrow up to $150,000 with a fixed rate.
  • Originated approximately $1 billion in loans so far and have garnered significant interest from partners and customers like Jefferies, Franklin Templeton, Experian, Caliber Home Loans, and many others.
  • Figure began offering student loan refinance and mortgage refinance products, and since then, has originated a total of over $700 million in loans for customers in 2019.

https://www.figure.com/

Latest Articles

Fannie Mae celebrates Single-Family Green MBS milestone

A year after issuing its first Single-Family “Green” MBS on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes.

Apr 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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