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Introducing Figure Loan MarketplaceInterested investors can buy and sell loans on the Provenance blockchain

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Figure Technologies is excited to be the first to leverage the Provenance blockchain for buying and selling loans and loan participations. Every week, Figure will release a pool of Figure HELOCs for bid wanted in competition (BWIC). Interested banks, credit unions, funds and other institutional buyers can log in, diligence collateral, review and sign the loan purchase agreement (LPA) and submit a bid. One week later at 12:00 p.m. PT, the winning bidder will be notified and have 24 hours to fund the purchase. Loans can be reoffered in part or in whole back into the marketplace, giving buyers potential liquidity. As with all Figure HELOCs, the loans are recorded and serviced on Provenance blockchain.Register

Here’s the process for participating in the auction

Figure’s goal in using Provenance is to deliver a fast, easy and liquid marketplace.

Key advantages in the Figure marketplace include:

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SECONDARY MARKET LIQUIDITY

REAL-TIME REMITTANCE

REAL-TIME, BILATERAL SETTLEMENT

COMPREHENSIVE, ELECTRONIC LOAN DOCUMENTATION

REDUCED CUSTODY AND SERVICING EXPENSES

REAL-TIME PERFORMANCE INFORMATION

Frequently asked questions

Figure is leveraging the Provenance blockchain to realize benefits such as cost savings, process efficiency, capital liquidity, real-time bilateral trading and transparent reporting. Learn more about this unique opportunity by reading the FAQs.SEE ALL FAQS

How many loans has Figure traded, financed and securitized on blockchain?

How many loans has Figure traded, financed and securitized on blockchain?

Who is the servicer of the HELOCs?

Who is the servicer of the HELOCs?

What does it mean that the loans are on blockchain?

What does it mean that the loans are on blockchain?