NEW YORK--(BUSINESS WIRE)--Figure Technology Solutions, Inc. (“Figure”), a technology platform that powers a more efficient and liquid marketplace for financial products, today announced the appointment of Ronald Chillemi as its first Chief Legal Officer (CLO) and Corporate Secretary. In this role, he will lead the company’s legal and compliance functions.
Chillemi brings more than 25 years of regulatory affairs, government relations, and compliance experience in fintech, at top law firms, and as a federal and state prosecutor. Prior to joining Figure, Chillemi served as General Counsel at Aven, which offers secured lending products, and before that as Deputy General Counsel at Better, a mortgage lender. Chillemi also practiced as Deputy General Counsel and Senior Vice President at Fanatics and as a partner at Robins Kaplan LLP.
“We are thrilled to welcome Ron to our executive team. Throughout his career, Ron has built an exceptional track record, overseeing robust legal and compliance functions and helping to shape important state and federal legislative frameworks,” said Michael Tannenbaum, Chief Executive Officer of Figure. He continued, “In just a few years, Figure has become the number one non-bank HELOC provider, largely because the capital markets and regulators are supportive of our modern approach. Having a CLO of Ron’s caliber will be invaluable to Figure as we enter our most ambitious chapter yet.”
Chillemi stated, “I’m excited to join Figure because I’ve been impressed by the company on multiple levels - from the exceptional Board and management team to the technology that’s fueled its growth as the nation’s largest HELOC origination platform, to its capital markets prowess, to its innovative plans regarding the infrastructure of lending. I look forward to working with our team, partners, investors, regulators, and all stakeholders to build upon the company’s strong foundation and help take its capital markets ecosystem to new heights.”
Earlier in his career, Chillemi spent seventeen years as a prosecutor at three different levels of government: as an Assistant United States Attorney for the Department of Justice, as a Division Director for the Attorney General of New Jersey, and as an Assistant District Attorney in his hometown of Philadelphia, PA. He won awards for his work at each level.
Chillemi holds a bachelor’s degree from the University of Pennsylvania, a master’s degree from the London School of Economics & Political Science, and a juris doctor from Cornell Law School.
About Figure Technology Solutions
Founded in 2018, Figure Technology Solutions (“Figure”) is a disruptive and scaled technology platform built to enhance efficiency and transparency in financial services. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $11B of home equity lines of credit. Figure’s technology is embedded across a broad network of loan originators and capital markets buyers and is used directly as well by homeowners in 47 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and receive funding in as few as five days.
To date, Figure has embedded its HELOC in more than 120 partners, including CMG Financial, CrossCountry Mortgage, Fairway Independent Mortgage, Guaranteed Rate, The Loan Store, Movement Mortgage, Synergy One, and many others.
