Items Tagged with 'Home equity loan'

ARTICLES

  • Figure Technologies expands leadership team

    Hires former Fidelity exec and chief economist to advance mission to help homeowners access equity
    Figure Technologies announced its intention to shake up home equity lending in the fall, and now it's making key hires to help achieve this goal. The fintech company is the brainchild of former SoFi co-founder and CEO Mike Cagney, who launched the company last March with the goal of leveraging AI, blockchain and advanced analytics to revolutionize home equity lending.
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  • Former SoFi CEO Mike Cagney’s blockchain lending startup Figure raises $65 million

    Plans to use new funding to continue expansion
    Figure Technologies, the blockchain lending startup co-founded by former SoFi CEO Mike Cagney, grew throughout its first year of business last year. And now, the company will have some new funding to continue its expansion as Figure announced recently that it raised $65 million in its Series B equity funding round.
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  • 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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  • JPMorgan Chase picks Black Knight to power its home equity originations

    Will use LoanSphere Empower to originate home equity loans
    JPMorgan Chase may be using Roostify to power its digital mortgage application process on the front-end, but the megabank will be using Black Knight to power its home equity loan originations. Black Knight announced Wednesday that JPMorgan Chase will be using its LoanSphere Empower loan origination system as the backbone of the bank’s home equity originations business.
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  • Former SoFi CEO Mike Cagney founds new lending startup, pivots to blockchain

    Figure will specialize in home equity lending
    After abruptly resigning from SoFi amid a swirling controversy about the workplace culture at the online lender, Mike Cagney has resurfaced… and he’s pivoting to blockchain. Cagney helped found a new lending startup called Figure, which will apparently be specializing in home equity lending with blockchain technology serving as a key component of the company’s business plan.
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  • Navy Federal Credit Union falls victim to home equity loan fraudster

    Caused $2.7 million in losses
    Navy Federal Credit Union got caught in the middle of a home equity loan fraud scheme, causing the credit union to lose $2.7 million. According to an announcement from the United States Attorney’s Office for the Eastern District of Virginia, an Atlanta man pleaded guilty to bank fraud and making false statements to Navy Federal Credit Union.
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  • LendingTree unveils its own Zestimate-style home valuation tool

    Will help users identify when they have “actionable” home equity
    Consumer-facing home valuation tools, especially Zillow’s “Zestimate”, have long been a source of consternation in the housing industry. And while Zillow’s tool is mainly designed for people looking to buy or sell a home, there’s a new home valuation tool on the market for people looking to buy, sell, or mainly to refinance their mortgage. The company behind the new valuation tool: LendingTree.
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  • As home equity loans rise, here's the latest pulse on delinquencies

    Hint: The housing market is improving
    The market is starting to welcome home equity lines of credit back into the fold after a long hiatus stemming from the financial crisis. Given their growing prominence, a new report from the American Bankers Association’s Consumer Credit Delinquency Bulletin gives a current pulse on the health of home equity lines of credit by looking at delinquencies.
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  • Homeowners fuel HELOC boom as home prices soar

    Home equity loans up 21% in past two years
    Home equity lines of credit are on the rise as increasing home prices bring a wealth of equity back into homeowners’ hands. But experts explain why despite this increase, and a decrease in down payment percentage, lending is still much safer than the housing boom days.
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