▲ 1
💬 0
u/panda_sauce
REDDIT_SCRAPED
Figure Technology ($FIGR) has transformed from a traditional lender to a marketplace platform where 65% of volume now comes from sourcing and distributing loans without taking credit risk, generating high-margin toll revenue. The company is the #1 home equity lender in America with $12.34B TTM originations and Rule of 150 economics, but the market still prices it as a traditional lender despite this fundamental business model shift.