Figure slashing loan costs, competing with Fannie, CEO says
The fintech's chief executive, Michael Tannenbaum, explains why strategies it's been using primarily in the home equity market have broader implications.
Educational
BREAKING — National Mortgage News reports that Figure is cutting loan costs and positioning itself as a competitor to Fannie Mae, with chief executive Michael Tannenbaum outlining how strategies developed in the home equity market could reshape broader lending dynamics. The story centers on a fintech's bid to undercut conventional channels on price, signaling that cost compression is becoming a defining force across mortgage segments. What remains unspoken is who stands ready to serve borrowers when these macro-level price wars leave individual investors and self-employed borrowers navigating tighter margins and more complex qualification paths.
The emergence of aggressive cost-cutting at the institutional level creates a specific situation for borrowers who do not fit standard employment or income profiles: the very strategies that drive down prices for salaried W-2 borrowers often tighten access for those outside conventional boxes. loantrust.ai addresses this gap through financing structures designed for non-traditional qualification paths, including DSCR loans that underwrite based on property cash flow rather than personal income, bank statement programs for self-employed borrowers, and bridge, fix & flip, new construction, and multifamily financing for real estate investors. Each file is packaged by one licensed MLO rather than routed through a call center, a structure that aligns origination process with the complexity these transactions typically carry.
For the investor or self-employed borrower reading this development, the relevant implication is structural: when large platforms compete on cost alone, the advisory layer that understands property-level economics, renovation timelines, or irregular income patterns tends to thin out. loantrust.ai operates directly in this space as a dedicated partner rather than a transactional call center, with programs mapped to the specific financing strategies this news story puts in play.
Source: National Mortgage News, “Figure slashing loan costs, competing with Fannie, CEO says”. Read the original →
About loantrust.ai — Whether you're buying your first home, refinancing, or funding your next investment deal, you deserve a straight answer from a real loan officer — not a call center. loantrust.ai is the Atlanta-based mortgage brokerage where one licensed MLO personally packages every loan: conventional, FHA, VA, refinance, DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs. Get a written quote you can compare against any lender — in about two minutes: loantrust.ai Georgia
Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.