#PropTech #DLT / Figure Lending lands $100M funding facility

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase… The warehouse facility will allow the company, a subsidiary of Figure Technologies, to originate conventional loans as well as jumbo loans…

“This facility with J.P. Morgan will help us continue to innovate in the lending space,” said Cagney, CEO and co-founder of Figure. “We hope to build on our 2020 momentum, both in volume and in bringing blockchain into the mortgage market.”

Cagney’s new company, founded in 2018, has bet big on blockchain technology bringing speed and efficiency to the industry…

https://finledger.com/2021/01/15/figure-lending-lands-100m-funding-facility/