Items Tagged with 'Equity release'


  • Former SoFi CEO Mike Cagney's blockchain lending startup Figure unveils first loan program

    Launches first home equity loan product, grants approval in 5 minutes, funds in 5 days
    Figure Technologies is aiming to shake up home equity lending. Co-founded by former SoFi CEO Mike Cagney earlier this year, Figure leverages blockchain, AI and advanced analytics to elevate the lending process for homeowners looking for access to their equity. The company just announced the release of its first product – the Figure Home Equity Loan – which offers borrowers a completely digital experience at an impressive clip.
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  • Hard-up for cash? Sell your home and then buy it back

    Sale-leaseback startup EasyKnock offers an equity-release solution for homeowners in a bind
    EasyKnock wants to help homeowners get back on their feet. They'll buy your house – handing you that equity in cold hard cash – and then rent it to you for as long as you like, or until you're able to buy it back.
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  • In This Corner: Texas Mortgage Bankers Association's VP Scott Norman

    Scott Norman serves as vice president for the Texas Mortgage Banker's Association (TMBA). He has navigated the reverse mortgage business for the last 10 years and helped put together TMBA's reverse mortgage forum, which takes place in August at the Driskill Hotel in Austin. In this episode of In This Corner, Scott Norman discusses the future of the mortgage industry and the ability of Texas' market to recover.
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  • Online Service Links Borrowers to Reverse Mortgage Lenders

    Reverse Mortgage Adviser, an online service that links borrowers and lenders of reverse mortgages, recruited TARGUSinfo to verify contact information for those inquiring about the loan service. TARGUSinfo, a Virginia-based prospect provider, identifies and locates potential customers at the moment the borrower makes contact. Reverse Mortgage Adviser will receive updated names, addresses and phone data for lenders to generate leads.
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  • Industry Warns Senate on Reverse Mortgages

    The US Senate Special Committee on Aging heard testimony today regarding the benefits -- and potential drawbacks -- to reverse mortgage products available to seniors. Reverse mortgages give senior homeowners access to the equity built up in their homes. The most common reverse mortgage product is guaranteed through the Federal Housing Administration, requires no monthly payment of the homeowner and instead makes equity available in the form of cash.
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