About Figure
Figure is maximizing the value of homeownership in ways that benefit consumers and the industry alike. We’re helping homeowners tap their liquidity easily, efficiently and reasonably for purpose-driven, significant expenditures – everything from dream home renovations and debt consolidation to small business formation.
In seven years, we’ve become the country’s #1 non-bank HELOC lender. As a financial technology firm operating at the intersection of regulation and transformation, we’re a “unicorn” – a group of fewer than 1000 companies globally that is valued at $1B or more and has been in operation for less than ten years.
Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. We are motivated, innovative, collaborative, and curious. We value individuals who bring a problem-solving mindset to every task. Every day at Figure is a journey in continuous learning combined with a focus on getting work done that makes a difference. Join us!
Wealthfront Career-Launching Company
Figure Series D Announcement
About the Role
Figure is seeking a highly organized and detail-oriented Capital Markets Transaction Manager to join our Capital Markets team. This role will be crucial in supporting efficient transaction activity related to loan trading of HELOCs. This person will play a key role in the daily support of the operations and transaction management. The role will focus heavily on the day-to-day functional support including the following: trade confirmation, TPR reviews, pool eligibility for trades, etc. Additionally, this person will be assisting with design & implementation of process improvements and system enhancements for this space.
What You’ll Do
- Working directly with the capital markets team, maintaining deal pipeline, loan trade schedule and coordinating onboarding of all new clients.
- Monitor key performance indicators (KPIs) and provide regular reports to team
- Develop, maintain and distribute comprehensive T&R’s such that both internal and external partners are aware of any timeline slippage
- Conduct ongoing evaluation of the existing loan portfolio, including underwriting criteria and product parameters, to identify pools eligible for transactions on a regular basis
- Ensure asset reviews and data from third party diligence firms are accurate and reflect pool eligibility
- Review underwriting exceptions and documented compensating factors to ensure acceptability and address issues at the time of securitization
- Support resolution of credit conditions with Figure’s credit team and rebutting issues raised by TPR firms
- Support resolution of outstanding trailing document conditions and discrepancies by coordinating with internal teams and external partners
- Oversee trade process for loans trading through FIgure Connect platform, including trade confirmation and trade settlements in Portfolio Manager
- Assist in the closing of transactions on-time according to trade timelines and Figure’s liquidity needs
- Ensure counterparties have transparency into the transaction process including key dates and deliverables
- Perform ad hoc tasks as needed to assist with trade settlement and TPR process
What We Look For
- 3+ years of experience in residential whole loan space, collateral management, post-closing, or warehouse lending or funding
- Strong understanding of real estate lending, particularly, Non-QM, DSCR or business-purpose mortgages
- Proficiency in Excel and loan origination or collateral tracking systems
Salary
- Compensation Range: $110,000 - $130,000/yr
- 25% annual bonus target, paid quarterly
- Equity stock options package
- This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs
Benefits
- Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Employer-funded life and disability insurance coverage
- 11 Observed Holidays & PTO plan
- Up to 12 weeks paid family leave
- Continuing education reimbursement
Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and General Workforce Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice.
Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
#LI-RF1 #LI-Hybrid
Top Skills
What We Do
Figure has applied blockchain technology across a series of real-world applications that are delivering real and immediate value to everyday consumers across sectors, including loan origination, private company cap table and fund management, security markets and payments. Figure has and continues to develop innovative products and services that seek to bypass traditional incumbents within the financial services industry.
Simply put, Figure is delivering on the promise of blockchain technology. Over $15B in transactions have been conducted on the Provenance Blockchain, a layer 1 designed for financial services, built and deployed by Figure.
As one of the first lenders to fully use blockchain technology, Figure is driving adoption across the lending ecosystem and providing stakeholders the benefit of an immutable record of asset ownership on the Provenance Blockchain. Figure’s HELOC product has enabled over 85,000 households across 45 states to unlock a combined $6 billion in equity from their homes. These lines of credit give people the opportunity to fund home improvement projects, secondary education, and more.
Figure is a regulatory powerhouse, boasting over 200 lending, servicing and money transmission licenses, SEC approval as an Alternative Trading System, and FINRA approved broker-dealer status. While some fintech companies aim to compete with traditional banks, Figure has stuck to expanding use cases for blockchain in finance and creating tech-enabled solutions for deep financial change in the markets. The company's iterative approach to product development has helped it to meet the evolving needs of its customers.
Why Work With Us
Figure creates tech-enabled, cutting-edge solutions for deep financial change, meeting the evolving needs of its customers. As the only firm leveraging blockchain technology to create real-world applications and immediate value to everyday consumers, Figure is effectively bridging the gap between the digital asset and traditional finance spaces.
Gallery
