Industry's Fastest Home Equity Loan Now Available Online from Figure™
Summary
That, combined with rising interest rates, helped fuel a 14 percent increase in home equity line of credit (HELOC) originations in the first quarter of 2018 when compared to last year, according to Attom Data Solutions . Figure is changing that with a fresh approach, including tools and information to educate and empower consumers to make good financial decisions. "Were transforming the entire customer experience by creating a faster, simpler, and more convenient way for homeowners to access the equity in their homes," said Wendy Harrington, chief marketing officer at Figure. Based in San Francisco, Figure was co-founded by Mike Cagney, former co-founder and CEO of SoFi, along with Alana Ackerson, Cynthia Chen, June Ou, and Sara Priola. * *For example, for a borrower with a CLTV of 45% and a credit score of 760, a five-year Figure Home Equity Loan Plus with an initial draw amount of $50,000 would have a fixed annual percentage rate (APR) of 5.99% and a 3.00% origination fee.