JPMorgan provides $100M financing facility for blockchain mortgage platform

posted about 1 month ago
Blockchain mortgage platform Figure says it has closed a $100 million financing facility for its mortgage products from investment bank JPMorgan.

Platform owner Figure Technologies said this is the fifth financing facility for its online lending business which has now closed almost $1.5 billion in total. The facility covers both conforming and jumbo mortgages – loans in excess of the traditional lending restrictions. “This facility with J.P. Morgan will help us continue to innovate in the lending space,” said Mike Cagney, CEO of Figure.
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