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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, vendor partners, 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 a global community who will focus on technical and business-level challenges within the Mortgage Industry and on developing applicable use cases for blockchain technology. The Subgroup will bring together business, technical, academic, and industry-related expertise to work together on blockchain education, use case identification, POCs and production implementations.
At the heart of financial services is trust and, as an industry, we rely on our technology to record the truth of each transaction. The life cycle of a mortgage has a complex framework, involving many entities, for example originators, servicers, investors, regulators, and a vast ecosystem of vendors and service providers. This complexity creates trust issues and transparency challenges with no clear mechanism to track end-to-end activities of every entity. Each party must maintain their own independent database of customer information, loan transactions, and third party information. Data must be validated, re-validated and financial transactions need to be reconciled with third parties. Blockchain can address many issues in the lifecycle of a mortgage with its decentralized and distributed ledger technology, with trustless operability, that is immutable and auditable.
Objectives
- Promote blockchain education for the mortgage industry participants across business, technical to government agencies and vendor/service partners
- 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
- 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
Mortgage Industry (MI) Subgroup Contacts
Role | Name | Contact |
---|---|---|
MI Subgroup Chair | Angel Alban | aalban@zventus.com |
MI Subgroup Chair, Technology | Marvin Bantugan | mbantugan@zventus.com |
Hyperledger Staff POC | Karen Ottoni | |
MI Subgroup, Mortgage Servicing | James Hendrick | jhendrick@zventus.com |
Discord Channel:
https://discord.com/invite/hyperledger
Join the Mortgage Industry Subgroup
Step 1: Create your Linux Foundation ID (LFID) to edit our wiki pages and chat on Hyperledger channels. Here's how to get your LFID
Step 2: Join the conversation by subscribing to the Hyperledger Capital Markets Special Interest Group mailing list which is where the Mortgage Subgroup activities take place. Click here to Join the mailing list.
Meeting Schedule Notes & Recordings
Important notice:
- All meetings are recorded using Zoom and made available in the Meeting Notes & Recoding section below on this page.
- All meetings are covered by the following Antitrust Policy.
- Hyperledger is committed to creating a safe and welcoming community for all. For more information please visit our Hyperledger Code of Conduct.
Next Meeting Date & Time
Date | USA Pacific Time | USA Eastern Time | Europe Central Time | Japan Standard Time | |
---|---|---|---|---|---|
November 18January 11, 20212024 | 9 AM | 12 PM | 6 PM | 2 AM | January 13|
February 8, | 20222024 | 9 AM | 12 PM | 6 PM | 2 AM | February 10
March 14, | 20222024 | 9 AM | 12 PM | 6 PM | 2 AM | March 10
April 11, | 20222024 | 9 AM | 12 PM | 6 PM | 2 AM | April 14
May 8, | 20222024 | 9 AM | 12 PM | 6 PM | 2 AM |
June 13, 2024 | 9 AM | 12 PM | 6 PM | 2 AM | |
July 11, 2024 | May 12, 20229 AM | 12 PM | 6 PM | 2 AM | |
August 8, 2024 | 9 AM | 12 PM | 6 PM | 2 AM | |
September 12, 2024 | June 9, 20229 AM | 12 PM | 6 PM | 2 AM | July 14|
October 10, | 20222024 | 9 AM | 12 PM | 6 PM | 2 AM | August 11
November 14, | 20222024 | 9 AM | 12 PM | 6 PM | 2 AM |
Meeting Agenda
New Member Introductions: 5 minutes
- If you’re new to the group, please…
- Introduce yourself, your background, and your interest in the group
- Tell us where you're geographically located
- Your anticipated level of participation/commitment
(active, infrequent, capable of taking on a role and/or task) - What days, times you prefer or can work with
- Respond to queries and comments from the group
- Consider posting your contact information in our list, click here > FMSIG Mortgage Industry Subgroup Members
(Note: to post your contact information you need to create your Linux Foundation ID (LFID) to edit our wiki pages and chat on Hyperledger channels. Here's how to get your LFID)
Review of last meeting agenda: Goals, Next steps, Announcements: 10 minutes
- General review of mission statement and goals
- Progress or next steps review
- Feel free to make an announcement here on the call or on our email group
General discussion : 40 minutes
- Topics per scheduled meeting agenda
Wrap up: 5 minutes
- Next steps review
- Ideas for future agenda items
Meeting Notes & Recordings
See Mortgage Subgroup Meeting Notes
Resources
New to Hyperledger? You'll need a Linux Foundation ID (LFID) to edit our wiki pages and chat on Hyperledger channels. Here's how to get your LFID
Mortgage Industry Subgroup: Join the mailing list.
Global Mortgage Industry Research
Barclays snaps up stake in $2bn cryptocurrency firm Copper - July 2022
by Sky News
Banks eye first-mover advantage to embracing the metaverse - June 2022
by Banking Dive
Buy Your Dream Home With a Blockchain Mortgage: 7 Companies Using DLT for Lending and Credit - June 2022
by BuiltIn
BNY Mellon and Goldman Sachs Settle First HQLAᵡ Agency Securities Lending Transactions - July 2022
by HQLAᵡ
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AQRU, Blimp Homes, Partner on Crypto Mortgage Market with ByBrix - July 2022
by Crowdfund Insider
Three Mortgage Companies Partner with Figure on HELOC Products - July 2022
by MortgageOrb
Milo reaches $10M crypto-mortgage milestone - July 2022
by HousingWire
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Key Considerations When Joining a Blockchain Consortium - April 2022
by Mayer Brown
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Blockchain breakthrough: bank guarantees digitised
by Westpac Wire
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New bank consortium to explore economic benefits of blockchain, stablecoin
by S&P Global Market Intelligence
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FirstBank Executive on Why Banks Are Launching a Consortium to
Mint Stablecoin 'USDF'
by Yahoo! Finance
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Blockchain ‘significant’ disruptor of mortgages - May 2022
by TheAdviser AU
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REIWA launches blockchain training for WA real estate professionals - May 2022
by MPA Mag
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Reno among first U.S. cities to experiment with blockchain, launching pilot project - June 2022
by NBC News
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Mortgage leaders break down the benefits of blockchain - May 2022
by National Mortgage News
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BLOCKCHAIN INFORMATION/RESEARCH
State of Blockchain Q2 2022
by CBInsights
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Mortgage Lender Sentiment Survey® Special Topics Report
by FNMA
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Opportunities in the metaverse
by JPMorgan
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State Of Blockchain 2021 Global data and analysis on dealmaking, funding, and exits by private market blockchain companies - Feb 2022
by CBInsights
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INTRODUCING THE USDF CONSORTIUM - Jan 2022
by USDF
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How Blockchain Technology Is Impacting the Mortgage Industry - 2021
by Assurance Mortgage
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The Hyperledger Vision-Blockchain 101 - January 2020
by The Hyperledger
The Blockchain And Mortgage Revolution with Curtis Wood, CEO of Bee App
by Scott Melker
Image AddedBitcoin Mortgages and Real Estate Loans w/ Mauricio Bartolomeo and Adam Reeds
by The Investors Podcast Network
Smart Contract Development: Creating a Mortgage Processing DApp on Ethereum Blockchain
by Education Ecosystem
Image AddedMISMO Short: An Overview of the Blockchain Community of Practice
by MBA
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JPMorgan’s Onyx Aims to Industrialize Proof-of-Concept
by Blockchain Council
Image AddedMorgan Stanley Wealth Management Announces Latest Game-Changing Addition to Suite of GenAI Tools
by Morgan Stanley
Image AddedSymbiotic Relationship Between Blockchain and AI
by Blockchain Council
Image AddedAI for Mortgage: ‘Do or Do Not. There is No Try’
by Mark Dangelo