Alternative equity tapping company Figure Technologies and mortgage lender Homebridge Financial Services have announced a merger.
Figure Technologies, providers of alternative home equity tapping tools including a sale leaseback offering that is competitive with traditional reverse mortgages, is poised to become a “unicorn” after its latest round of financing; a term used to describe a startup that is valued at $1 billion or more. Co-founder and CEO of Figure Technologies Mike […]
In addition to the plethora of proprietary reverse mortgage products that have started to become increasingly prevalent in the industry, there have also been a series of products that allow some homeowners to tap the equity in their homes without relying on a debt-based loan. The increasing availability of alternative equity tapping tools – including […]
Last November, Figure Technologies announced the availability of a new sale leaseback offering as an alternative method of home equity tapping when compared to a reverse mortgage. It also makes plain that it seeks to compete with reverse mortgage offerings, since navigating to the product’s dedicated page on Figure’s website immediately greets visitors with a […]