So the team used Figure as a proof case to originate, service, and securitize personal and home equity loans. Three things have happened as a result:
(1) Figure has gotten big banks to participate in native Provenance Blockchain securitizations, and momentum is growing because — in the example of home equity loans — Provenance has cut 117 basis points (1.17%) of cost out of the process. This is HUGE when talking about loan pools worth hundreds of millions each.
Read more at: The Basis Point