Latest Updates Around The World
Figure Chief Financial Officer Minchung Kgil said during the company’s earnings call Thursday evening that volume in the Consumer Loan Marketplace was “primarily driven by new partner expansion with 307 partners and continued volume growth from emerging products such as [small-business lending] loans and DSCR loans.” Figure CEO Michael Tannenbaum said this HousingWire at the […]
Editor’s note: This interview has been edited for length and clarity. Sarah Wolak: Michael, can you talk about what the collaboration between Figure and Bed Bath & Beyond looks like? Michael Tannenbaum: I think a general approach that’s worth talking about is why this alliance broadly exists, right? When you think of Bed Bath & […]
CEO Michael Tannenbaum told analysts on Friday that Figure’s market model “reaches beyond home values and into the broader consumer ecosystem, capturing a larger share of the home financing value chain.” The third quarter totals include $1.1 billion from Figure Connect, the platform launched in June 2024 that allows counterparties to buy and sell standardized, […]
The platform allows investors to qualify based on real estate cash flow rather than personal income, giving them access to flexible capital for real estate investments and reducing both time and costs. Figure said the system also allows lenders to reduce the time it takes to process DSCR loans. Traditional DSCR loans usually take 21 […]
