DART is a next-generation electronic lien registry
Blockchain technology that gives investors and lenders operational
efficiency and confidence in their ownership.
Increase investor confidence by replacing trust with truth
DART uses the Provenance blockchain to “listen” for loan transactions and automatically update loan ownership and registration information in real time. Provenance blockchain ensures immutability, transparency, auditability and verifiability.
Reduce costs and increase liquidity
Streamline your back-office operations, lien transfers, other post-closing tasks. Reduce human errors through automation. Easily track loan ownership and perform due diligence for loan transactions.
ESIGN/UETA safe harbor compliance
DART is the first blockchain-based, ESIGN/UETA safe harbor compliant system.
Our partners trust DART
More than 92% of loans in Figure’s ecosystem—and counting—originate as DART loans.
- Warehouse providers
Global investment banks, regional banks, and asset managers.
- Investors
Private equity, asset managers, regulated financial institutions and other buyers.
- Originators
Independent mortgage banks, credit unions, wholesale mortgage brokers, global investment banks and regional banks.
Partners
Investors
See how DART compares to MERS
| DART | MERS | |
|---|---|---|
| Eliminates paper AOMs | ||
| Automatically updates based on loan activity | ||
| Prevents double-pledging of loans | ||
| Cost | $17 per record | $24.95 per record |
| Immutability / transparency | ||
| Eliminates periodic reconciliation |
DART is an example of how Figure is driving game-changing capital markets innovation.
Figure's use of blockchain technology to streamline loan transactions and increase market liquidity represents a significant step forward for the industry, and we're thrilled to be part of it. It's exciting to see DART's meaningful impact on our operations and the opportunities it creates for years to come.
Written by customer— Michael Wade, Managing Director, Co-Head of Securitized Markets Group, Capital Markets of Jefferies LLC.
I am a huge fan of DART...
and cannot wait until it is adopted by all buyers of loans on the Provenance system. Hoping for an entirely paperless process one day!
Written by customer— Brendan Miller, Corporate Trust Administrator, WSFS Institutional Services
Learn more
*required
Our form is not available because you opted-out of cookies. But don't worry, you can still reach out to partners@figure.com Opens in a new window. to learn more.