Home loan processing 45 days → 9 days… Fiji reduces costs with blockchain
Original headline주택대출 처리 45일→9일…피겨, 블록체인으로 비용 절감
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Figure CEO Michael Tannenbaum said the company’s blockchain-based mortgage processing platform cuts loan handling time to about nine days versus the 45-day industry average and reduces processing costs to roughly $1,000 from the typical $12,000. Figure combines loan origination software with an investor trading market so loan data can be verified on-chain, aiming to reduce inefficiencies in U.S. housing finance. The company says the integrated model connects loan execution directly to capital markets, streamlining review and sale processes. The claims matter because mortgage origination and secondary-market trading remain slow and expensive, and Figure is positioning blockchain verification as a way to compress both timelines and costs. What to watch next is whether Figure’s reported time and cost savings hold at scale as it expands its role in the U.S. home equity line of credit market.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Figure, Michael Tannenbaum, Anthony Pompliano