(Note: This Page is under construction)
(Target launch date is Oct 1st, 2021)
Welcome to the Mortgage Industry Subgroup.
Purpose
To foster sustainable, inclusive communities through efficient, fair, and quality mortgage lending around the globe.
Vision
To securely close home loans as efficiently as an auto loan while delivering a superior digital customer experience.
Mission
To educate mortgage lenders, investors, real estate records custodians, and government agencies around the globe of production-ready blockchain technologies that support the global housing mission of creating sustainable, inclusive communities through efficient, fair, and quality mortgage lending.
Introduction
The Mortgage Industry Subgroup (MIS) is focused on technical and business-level issues within the Mortgage Industry and on developing applicable use cases for blockchain technology in the Mortgage Industry (MI). It will bring together technical, academic, and industry-related expertise to address challenges with the MI. These include trust and transparency challenges due to the involvement of multiple entities, no clear mechanism to track end-to-end activities of every entity, and complex operations due to the involvement of many partners, vendors, customers, distributors, and network providers. These aforementioned problems can be addressed through the application of blockchain technology.
Goal
The MI-SIG will use decentralized, permissioned HL blockchains to propose and build user-friendly apps that respond to the relative disorder of permissionless environments, where the interests of participants are hard to safeguard.
Following comparative analyses of the technical challenges (and hypothetical solutions) facing MI participants, these DLT apps/dapps will be created for lenders, title companies, capital market companies, and third-party providers regardless of location or size. This implies a focus upon UX/UI concerns over command-line tools, all in the name of access and inclusivity.
Objectives
- Identify specific opportunities where the application of blockchain technologies can meaningfully advance the state of the mortgage industry
- Provide a foundation for real-world use case identification, blockchain technology alignment, and operational validation of technology fit for purpose
- Provide recommendations for the ethical use and implications of blockchain technologies
- Promote the community education of, and participation in blockchain technologies, policies, and protocols
- Serve as an open channel of communication between the membership of this Special Interest Group and the leadership of Hyperledger to inform leadership on prospective improvements of Hyperledger frameworks and toolsets, within the context of the mortgage industry
Subgroup Contacts
| Role | Name | Contact |
|---|---|---|
| SIG Subgroup Chair | Angel Alban | aalban@zventus.com |
| SIG Subgroup Chair | Marvin Bantugan | mbantugan@zventus.com |
| Hyperledger Staff POC | Karen Ottoni | |
| SIG Subgroup, Mortgage Servicing | James Hendrick | jhendrick@zventus.com |
News and Updates
Meeting Schedule Notes & Recordings
| Meeting Date | Topic | Notes | Slides | Recording | ||||
|---|---|---|---|---|---|---|---|---|
| Aug 11th, 2021 | Proposal to Capital Markets SIG for a Mortgage Subgroup | https://tinyurl.com/zhknyk59 |
| |||||
You are Welcome
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Resources
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Research
Global Housing and Mortgage Outlook - 2021
by Fitch Ratings
View file name Fitch_Global_Housing___Mortgage_Outlook 2021.pdf height 250