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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 ... (full story)

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