Figure Technologies Inc., a leader in blockchain technology for financial services, has launched a wholesale lending platform to give originators direct access to its home equity line of credit (HELOC) offering.

With this new model, Figure aims to increase accessibility to its lending product for more originators and homeowners. By leveraging Figure’s advanced HELOC technology, wholesale partners can now broker loans directly with a seamless digital application process. Applicants can be approved in as little as five minutes and gain access to funds within five days.

The wholesale turnkey experience with Figure is being praised for its simplicity and speed compared to other wholesale partners. Originators can utilize Figure’s online pre-application process to pre-qualify customers and provide them with the best financing options.

Figure’s HELOC offers homeowners an attractive alternative to credit cards or personal loans, allowing them to fund large expenditures while keeping their low-cost mortgage intact. Figure Technologies has rapidly grown to become the nation’s largest non-bank HELOC lender, with over $5 billion in HELOC originations and support for over 70,000 households across the U.S. This recent launch follows its first-rated HELOC securitization led by Jefferies, Goldman Sachs, and J.P. Morgan.