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.
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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 space could reshape broader lending dynamics. The move signals that fintech-driven cost compression is no longer confined to niche products but is pushing into conventional mortgage territory, potentially pressuring traditional channels to respond.
For borrowers and investors watching this shift, the takeaway is that the lending landscape is fragmenting into specialized lanes where execution speed and program flexibility matter as much as rate. That environment is where loantrust.ai operates: an Atlanta-based NMLS-licensed mortgage brokerage that originates conventional, FHA, and VA loans alongside investor-focused products including DSCR financing, fix-and-flip, bridge, new construction, and multifamily programs. Where Figure is optimizing at scale, loantrust.ai addresses a different gap—one licensed MLO personally packages every file, with no call center, and bank-statement programs are available for self-employed borrowers who do not fit standard documentation models. The structure is built for situations where personal income does not tell the full story or where property cash flow, not a W-2, drives qualification.
What this means now is that cost competition at the top of the market is creating room at the edges for borrowers who need more than a rate sheet. Investors financing rental acquisitions or construction starts, self-employed borrowers with strong cash flow but irregular paperwork, and homeowners refinancing outside conventional timelines all face a market where one-size lending is becoming harder to access. loantrust.ai sits in that space by design, not by default—matching specific programs to specific situations rather than routing applications through standardized queues.
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: get a written quote here
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.