Data scientist | Loves numbers | Adores details | Channeling that passion to data driven investing | Sharing deep dives in Notes from the Footnotes every week.
Mar 15 • 7 tweets • 3 min read
1/ The reason $FIGR is so fascinating to me even though it's a blockchain company is that blockchain here is treated as technology used to optimize real-world processes on existing real-world assets.
This is not a "making new assets" company at its core.
So let's dive into the various use cases, starting with the most fundamental one- the Loan Origination System.
2/ The LOS (loan origination system) is where $FIGR uses blockchain and modern tech to make the secured loan origination process much faster.
Just like $KLAR, $UPST, $AFRM and others used tech to enable a smarter and faster underwriting process, $FIGR is doing something similar.
This time- it's for secured loans, starting with HELOCs and mortgages.
