Mike Cagney’s Figure Technologies has unveiled a wholesale lending platform that is able to provide loan originators access to the company’s Home Equity Line of Credit (HELOC) offering. This platform enables loan originators to receive rapid approvals, automate tasks, and deliver high-level convenience to borrowers.

The platform offers digital pre-approvals, which allow loan originators to pre-qualify borrowers through a simple, automated process and provide approval decisions in less than 30 minutes. Loan originators can access this approval without laborious paperwork and gain efficiencies in the overall loan process. Additionally, the platform includes a digital document repository, interactive rate estimators, integrated settlement services, and cloud-based signing capabilities.

This new offering has the potential to revolutionize the loan origination process. Key elements of the platform include:

• Digital pre-approvals which allow speed and simplicity in the approval process
• Digital document repository to store and organize paperwork
• Interactive rate estimators to provide transparency to the borrower
• Integrated settlement services such as title insurance and closing documents
• Cloud-based signing capabilities to streamline the process

Overall, Mike Cagney’s Figure Technologies has developed a comprehensive wholesale loan origination platform to alleviate tedious paperwork and inefficiencies, while providing loan originators with rapid approval times and enhanced convenience for borrowers.

You can read this full article at: https://www.housingwire.com/articles/figure-technologies-launches-wholesale-lending-platform/(subscription required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.