Figure Partners with Sierra to Supercharge Loan Officers with AI Agents That Turn Abandoned Home Equity Applications into Funded Loans
Figure Technology Solutions (Nasdaq: FIGR) announced a partnership with Sierra, the conversational AI platform co-founded by Bret Taylor and Clay Bavor, deploying the Figure Agent — an AI agent built on Sierra's newly established Horizon platform — to revive abandoned home equity applications via voice and SMS. It is the first U.S. use of Horizon, which Sierra formed around its acquisition of Takeoff, and the agent autonomously clears routine friction points such as ID verification and bank account linking before handing borrowers to a loan officer to close.
Key figures
- Partner count
- 480
- Heloc volume 2025
- $271 billion
- Funded volume lift
- 67%
- Mortgage industry size
- $2 trillion
- Loans originated to date
- $30 billion
- Us home equity outstanding
- $35 trillion
- Funded loan conversion lift
- 143%
- Heloc pull through rate 2024
- 49%
- Friction stage progression lift
- 30-52%
AI analysis
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