Episode Details

Figure Technologies, led by Mike Cagney, is revolutionizing the mortgage industry with blockchain technology. Theyre challenging Fannie Mae and Freddie Mac, reducing origination costs by 91% and focusing on loans under $300,000. Their platform offers quick approvals and funding, partnering with 308 originators and achieving $1 billion in monthly originations. Their marketplace model boosted EBITDA margins to 55% and revenue to $510 million in 2025. Theyre also exploring DeFi integrations and tokenized real-world assets.

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