San Francisco, November 8, 2022 /PRNewswire/ — Figure, the nation’s top non-bank HELOC lender, and Movement Mortgage, the nation’s sixth largest personal mortgage lender, have announced a transformative partnership. The partnership will allow Movement borrowers to get approval in as little as five months and gain fast access to their home equity. Minutes and fundraising in just 5 days.
Movement will leverage Figure’s platform as mortgage rates rise steadily and record wealth available to homeowners. Consumers are hesitant to take out a new mortgage and instead leverage their existing home equity to complete renovations, consolidate debt, or generate extra cash while maintaining low mortgage interest rates. This partnership aims to enable Movement Mortgage borrowers to quickly and easily access their value through Figure’s end-to-end digital platform.
“Movement Mortgage is providing consumers with enhanced financial access as interest rates rise steadily. Dan Wallace, Figure lending manager. “We are pleased to partner with them as they act as industry disruptors and continue to implement processes that benefit consumers. Consumers are looking for better ways to access their home equity.”
“We are thrilled to partner with Figure to give borrowers easy access to their built equity,” he said. caroline payne, Senior Vice President of Capital Markets for Movement. “Figure’s seamless user experience, commitment to quality, and excellent customer service align with Movement’s values and business objectives. I have.”
Figure’s HELOC for Lending Partners provides turnkey solutions to lenders nationwide. Our expedited underwriting process provides a safe, transparent and fast experience, eliminating the friction points and costs common to traditional home equity lending. With a 100% online application process and funding in just 5 days, partners can offer their clients a quick and easy way to access home equity.
Movement Mortgage and Figure leverage Provenance Blockchain to record and store loan assets. Provenance Blockchain is the leading public blockchain in financial services utilized by over 50 financial institutions. $10 billion in a transaction.
About Movement Mortgage
Movement Mortgage exists to love and value people by leading the Movement of Change in our industry, culture and community.Approximate funding $30 billion Movement is best known for its innovative mortgage process and referable experience. The company employs more than 4,000 of his people, has over 650 branches across the United States, and is licensed in 50 states. After funding its balance sheet and investing in future growth, Movement’s profits will be paid to its principal shareholder, the non-profit Movement Foundation. To date, the Movement Foundation has $360 million of the interests of the movement to invest in schools, affordable housing, communities, and global outreach. For more information, see: www.movement.com.
About the figure
Figure is transforming financial services through blockchain, bringing speed and efficiency to both consumers and institutions. The figure continues to reveal the first in a series of fintechs across the capital markets, investment management, banking and payments sectors. Figure and its subsidiaries leverage his Provenance Blockchain for loan origination, servicing, financing and now private fund services. The company was founded in 2018 by a series of tech entrepreneurs. Mike CagneyHe also founded SoFi and built the company into a multi-billion dollar business under his leadership as CEO.Click here for details https://www.figure.com/.
About Provenance Blockchain Foundation
Provenance Blockchain is built specifically for the financial services ecosystem. Leading financial institutions and fintechs leverage Provenance Blockchain to enable the entire lifecycle of digital assets to deliver significant business and customer value. Provenance Blockchain has successfully transformed lending, securitization, payments and exchanges, $10 billion in a transaction. Native Utilities for Provenance Blockchain tokenthe hash is used to pay transaction fees and enable governance, occoin When dlob.io. For more information, see: Provenance.iotwitter @provenancefdnWhen LinkedIn.
Provenance Foundation contact: Dan Garzier, [email protected]
Figure Technologies Contact: Adriana Hassan, [email protected]