Figure Announces Merger With Top Mortgage Lender Homebridge Financial Services
Summary
“To combine the technology expertise and consumer experience of Figure with our exceptional retail loan origination and wholesale teams throughout the country is going to be a revolutionary event in the history of the U.S. mortgage industry. “The Homebridge team is gaining a tech platform partner that will help us maximize our customer experience and set us apart from the competition.” Figure began its lending service in 2018 with home equity lines of credit (HELOC) and later expanded to student loan refinancing, mortgage refinancing and personal loans. Figure is transforming financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions. Figure continues to unveil a series of fintech firsts across the capital markets, investment management, and banking and payments sectors. Homebridge holds FNMA, GNMA, FHLMC, FHA and VA approvals, and funded more than $25 billion in home loans at the close of 2020.