Figure wants to bring the mortgage market on-chain and Washington is paying attention
From nypost.com
Go Figure. Getting a mortgage has traditionally meant navigating one of the slowest, most paper-heavy processes in American finance a maze of documents, middlemen and repeated manual checks that can take months to complete. But Figure, a fintech firm based in New York that went public in September, is rerouting the entire system by moving it on-chain, making the process both faster and cheaper. Origination can happen in five days instead of the typical 45 and costs roughly $1,000 instead of the usual $12,000. This is blockchain actually lowering costs and helping people, CEO Michael Tannenbaum, 38, told ...
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