Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster.

Brokers, Here’s Everything You Need to Know About Rocket Pro TPO

Want to stay up to date with the latest on what Rocket Pro TPO is offering its broker partners? Check out our TPO hub for updates and more.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

Loan quality lessons learned from 2020

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year.

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/

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3d rendering of a row of luxury townhouses along a street

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