Latest news with #FigureTechnologySolutions
Yahoo
15 hours ago
- Business
- Yahoo
Figure Technology Solutions Announces Key Additions to Legal and Compliance Team
Christie Comerford Joins as Senior Legal Counsel, Contracts and Litigation; Deirdre Reilly Joins as Vice President of Compliance NEW YORK, August 07, 2025--(BUSINESS WIRE)--Figure Technology Solutions ("Figure"), a technology platform powering an efficient, liquid, blockchain-based marketplace for financial products, today announced the appointment of two new key legal and compliance executives. Christie Comerford joined as Senior Legal Counsel, Contracts and Litigation, and Deirdre Reilly joined as Vice President of Compliance. Comerford brings almost 30 years of experience in complex transactions and commercial litigation, whereas Reilly has deep experience in financial services and capital markets. Comerford and Reilly will report to Ronald Chillemi, Figure's Chief Legal Officer and Corporate Secretary, and work alongside a deep bench of existing legal and compliance team members. "I had the privilege of working with Christie and Dee in the past. I am excited to welcome them to the Figure team because their expertise will deliver immediate and substantial value to our business. They bring deep industry knowledge from working across highly-regulated industries," said Chillemi. "Christie and Dee will be instrumental in our next chapter as we accelerate our vision to transform capital markets." Comerford previously served as a Partner at Dilworth Paxson LLP, where she specialized in commercial and complex civil litigation, including healthcare, securities, intellectual property and employment litigation. Comerford holds a juris doctor from Villanova University Charles Widger School of Law and a bachelor's degree from Villanova University. Prior to joining Figure, Reilly was the Lead Compliance Officer at Aven, a company that offers secured lending products. She also served as Director of Compliance at Spring EQ, a financial services company in the home equity lending space. Reilly holds a master's degree from Widener University School of Law and a bachelor's degree from American InterContinental University. Reilly also received her Certified Regulatory Compliance Manager certification from the American Bankers Association. About Figure Technology Solutions Figure Technology Solutions is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 175 partners use its loan origination system and capital market. Collectively these partners have originated over $16 billion of home equity to date, among other products, making Figure's ecosystem the largest non-bank provider of home equity financing. The fastest growing component is Democratized Prime, Figure's on-chain lend-borrow marketplace. It also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and YLDS – an SEC-registered yield-bearing stablecoin that operates as a tokenized Money Market Fund. Figure is the market leader in real world asset (RWA) tokenization and its most recent securitization received a AAA rating from S&P, the first of its kind for blockchain finance. For more information, visit or follow Figure on LinkedIn. View source version on Contacts Media Contact: press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
4 days ago
- Business
- Business Wire
Figure Technology Solutions, Inc. Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering
NEW YORK--(BUSINESS WIRE)--Figure Technology Solutions, Inc. ('FTS') today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the 'SEC'), relating to the proposed initial public offering of its equity securities expected in 2025. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions, as well as the completion of the SEC's review process. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ('Securities Act'). This announcement is being issued in accordance with Rule 135 under the Securities Act.
Yahoo
28-07-2025
- Business
- Yahoo
Figure Expands Direct Debt Payoff Offering, Unlocking Greater Loan Eligibility and Streamlined Borrower Experience
Figure HELOC is now a full Cash-out Refi alternative with the lowest costs NEW YORK, July 28, 2025--(BUSINESS WIRE)--Figure Technology Solutions, a technology platform building the blockchain-based capital markets of the future, today announced a significant expansion of Intellidebt, its Direct Debt Payoff (DDP) solution, empowering borrowers to consolidate existing liens and high-interest debt directly through the loan application process. This upgrade boosts borrower qualification potential—improving Combined Loan-to-Value (CLTV), Debt-to-Income (DTI) ratios, and lien position—while helping lenders increase conversions and reduce manual work. With these new features, borrowers can now pay off and consolidate more types of debt, including liens, credit cards, personal loans, auto loans, and home improvement loans. This improvement provides a more flexible alternative to traditional cash-out refinancing—especially valuable for homeowners with adjustable or high-rate mortgages. Highlights of the new features include: Expanded Lien Payoff and Consolidation: Borrowers can now pay off the most junior lien (1st, 2nd, 3rd, etc.) along with other unsecured debt within a single application. Streamlined Requalification Process: Once the lien and loans are paid off, borrowers are automatically requalified through Figure's seamless digital experience—reducing manual work and increasing pull-through. Higher Conversion and Loan Volume: Easier lien consolidation enables borrowers to qualify for higher loan amounts, which can improve lenders' conversion rates and drive pipeline growth. Debt consolidation remains the number-one use case for Home Equity Lines of Credit (HELOCs). Amid rising consumer debt and impending mortgage recasts or buydown expirations, Figure's enhanced DDP offers lenders a powerful way to support homeowners while expanding lenders' own opportunity set. Over 6,000 Figure customers have used Intellidebt since its launch; our data shows these borrowers: Increased their FICO scores by an average of 27 points within the first month after using Intellidebt Paid off an average of $24,500 in outstanding debt "Lenders have been looking for a cost effective solution for lower balance loans as they can be expensive to originate, so we're pleased to expand access to low cost, low balance refinance options. We're redefining how borrowers access equity to manage debt, while giving lenders a smarter, faster way to serve more qualified applicants," said Michael Tannenbaum, Figure CEO. "It's a win-win-win for homeowners, their Loan Officers and the institutions that serve them." ABOUT FIGURE TECHNOLOGY SOLUTIONS Figure Technology Solutions is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 175 partners use its loan origination system and capital market. Collectively these partners have originated over $16 billion of home equity to date, among other products, making Figure's ecosystem the largest non-bank provider of home equity financing. The fastest growing component is Democratized Prime, Figure's on-chain lend-borrow marketplace. It also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and YLDS – an SEC-registered yield-bearing stablecoin that operates as a tokenized Money Market Fund. Figure is the market leader in real world asset (RWA) tokenization and its most recent securitization received a AAA rating from S&P, the first of its kind for blockchain finance. For more information, visit or follow Figure on LinkedIn. View source version on Contacts Media: press@
Business Wire
28-07-2025
- Business
- Business Wire
Figure Expands Direct Debt Payoff Offering, Unlocking Greater Loan Eligibility and Streamlined Borrower Experience
NEW YORK--(BUSINESS WIRE)-- Figure Technology Solutions, a technology platform building the blockchain-based capital markets of the future, today announced a significant expansion of Intellidebt, its Direct Debt Payoff (DDP) solution, empowering borrowers to consolidate existing liens and high-interest debt directly through the loan application process. This upgrade boosts borrower qualification potential—improving Combined Loan-to-Value (CLTV), Debt-to-Income (DTI) ratios, and lien position—while helping lenders increase conversions and reduce manual work. With these new features, borrowers can now pay off and consolidate more types of debt, including liens, credit cards, personal loans, auto loans, and home improvement loans. This improvement provides a more flexible alternative to traditional cash-out refinancing—especially valuable for homeowners with adjustable or high-rate mortgages. Highlights of the new features include: Expanded Lien Payoff and Consolidation: Borrowers can now pay off the most junior lien (1st, 2nd, 3rd, etc.) along with other unsecured debt within a single application. Streamlined Requalification Process: Once the lien and loans are paid off, borrowers are automatically requalified through Figure's seamless digital experience—reducing manual work and increasing pull-through. Higher Conversion and Loan Volume: Easier lien consolidation enables borrowers to qualify for higher loan amounts, which can improve lenders' conversion rates and drive pipeline growth. Debt consolidation remains the number-one use case for Home Equity Lines of Credit (HELOCs). Amid rising consumer debt and impending mortgage recasts or buydown expirations, Figure's enhanced DDP offers lenders a powerful way to support homeowners while expanding lenders' own opportunity set. Over 6,000 Figure customers have used Intellidebt since its launch; our data shows these borrowers: Increased their FICO scores by an average of 27 points within the first month after using Intellidebt Paid off an average of $24,500 in outstanding debt 'Lenders have been looking for a cost effective solution for lower balance loans as they can be expensive to originate, so we're pleased to expand access to low cost, low balance refinance options. We're redefining how borrowers access equity to manage debt, while giving lenders a smarter, faster way to serve more qualified applicants,' said Michael Tannenbaum, Figure CEO. 'It's a win-win-win for homeowners, their Loan Officers and the institutions that serve them.' ABOUT FIGURE TECHNOLOGY SOLUTIONS Figure Technology Solutions is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 175 partners use its loan origination system and capital market. Collectively these partners have originated over $16 billion of home equity to date, among other products, making Figure's ecosystem the largest non-bank provider of home equity financing. The fastest growing component is Democratized Prime, Figure's on-chain lend-borrow marketplace. It also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and YLDS – an SEC-registered yield-bearing stablecoin that operates as a tokenized Money Market Fund. Figure is the market leader in real world asset (RWA) tokenization and its most recent securitization received a AAA rating from S&P, the first of its kind for blockchain finance. For more information, visit or follow Figure on LinkedIn.
Business Wire
12-06-2025
- Business
- Business Wire
Figure Technology Solutions Achieves Industry First with S&P AAA Ratings for Blockchain Assets
NEW YORK--(BUSINESS WIRE)-- Figure Technology Solutions ('Figure'), a technology platform powering an efficient, liquid, blockchain-based marketplace for financial products, today announced its latest securitization of mortgage assets totaling $355 million. This transaction, FIGRE 2025-HE3, is a landmark achievement as the first of its kind to receive ratings from S&P Global Ratings across all six bond classes, ranging from AAA to B-. 'This milestone is a significant validation of both our asset quality and the blockchain-backed ecosystem we are building,' said Todd Stevens, Chief Capital Officer of Figure. 'Securing AAA ratings from S&P reflects the growing confidence in blockchain infrastructure as a foundation for secure, efficient, and transparent financial products.' Key Highlights of the Transaction: Investor Participation: More than 30 unique investors participated in the transaction, with large AAA investor participation. Participants included insurance companies, money managers, and credit funds. Oversubscription: All bond classes were oversubscribed during the sale process, reflecting strong market demand. Figure Connect: All of the collateral in the transaction was contributed by participants on Figure Connect – underscoring growing acceptance of our blockchain-based marketplace. Figure itself contributed no collateral into the deal. 'Our goal is for the market to see us as predictable on the credit side as well as the issuance side. We're confident that we can be relied on as a steady, consistent, transparent issuer, which helps drive our appeal with our diverse investor base,' Stevens added. The underlying loans in this transaction leverage the Provenance Blockchain to enhance the efficiency and transparency of the underwriting process. FIGRE 2025-HE3 represents Figure's fourth HELOC securitization in 2025, underscoring the company's continued momentum in the market. Since the launch of Figure Connect in June 2024, investor participation has increased due to the platform's efficiency and yield advantages over traditional non-QM offerings. The recent joint venture with Sixth Street, committing over $2 billion in liquidity, further strengthens Figure's capacity to bridge traditional finance with innovative blockchain solutions. Figure continues to lead the market in blockchain-based securitizations with its end-to-end digital infrastructure driving faster execution and reduced costs, offering enhanced transparency for both issuers and investors. About Figure Technology Solutions Founded in 2018, Figure Technology Solutions ('Figure') is a blockchain–based technology platform built to enhance efficiency and transparency in financial services. Figure Connect is powered by the Provenance Blockchain, which onboards all of Figure's loans, and is the world's largest originator of Real World Assets. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $15B of home equity. Figure's technology is embedded across a broad network of loan originators and capital markets buyers and is used directly as well by homeowners in all 50 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and receive funding in as few as five days. To date, Figure has embedded its HELOC in more than 150 partners, including Rate (formerly Guaranteed Rate), CrossCountry Mortgage, Movement Mortgage, Goodleap, and many other fintechs, depositories, and independent mortgage banks. For more information, visit or follow Figure on LinkedIn.
