7 Key Questions On Mortgage Blockchain Viability – answered by Provenance, Figure, Sagent

By | October 4, 2021

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

Author: MS Editorial Team

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