Figure says mortgage processing takes 9 days versus 45, with blockchain helping cut costs
Photo: TokenPost
Figure says its integrated lending software and blockchain-based marketplace are reducing mortgage processing times and costs, while a network of about 500 partners supports growth and profitability. Connecting loan origination with a marketplace for investors can reduce the administrative work involved in approving and selling mortgages, according to the company. Blockchain records also help investors verify loan information and reduce review costs. In a November 4 interview with Anthony Pompliano, Figure CEO Michael Tannenbaum said mortgages processed through its platform take an average of 9 days, compared with a typical 45 days.
Source: TokenPost
