Figure Technology Solutions Names Michael Tannenbaum New CEO
Founder and former CEO, Mike Cagney, assumes the role of executive chairman.
Founder and former CEO, Mike Cagney, assumes the role of executive chairman.
Figure Lending now operating under the new umbrella brand, Figure Technology Solutions (FTS).
High interest rates are compressing usage by 55% or $54B.
Deal aims to leverage Spring EQ’s digital processes approach to home equity financing.
Indicates potential in lending area
Allows homeowners to draw funds backed by their home’s collateral.
'Tappable' home equity has grown by $3.4 trillion over the last three years.
Better launches ‘Equity Unlocker’ to help Amazon employees buy homes.
Company provides a cloud-based platform for home equity lending to credit unions and community banks.
Nearly 50% of mortgaged residential properties in the nation are equity-rich.