Overview
- Figure says its platform will offer originators a guaranteed buyer for first‑lien mortgages and will focus on loans under $300,000.
- The company says it can cut origination costs to about $1,000 per loan versus roughly $11,000 through government‑sponsored channels.
- It pitches faster timelines, with HELOC approvals in five minutes and funding in three days compared with the common 30 to 45 days.
- Figure reports rising volume, with its marketplace topping $1 billion in March and reaching $1.34 billion in April.
- Claims about the size of its tokenized assets face pushback, as DeFiLlama tracks about $140 million onchain and disputes the company’s larger figures.