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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
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Subgroup (MIS) is a global community who will focus on technical and business-level
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challenges within the Mortgage Industry and on developing applicable use cases for blockchain technology
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.
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The Subgroup will bring together business, technical, academic, and industry-related expertise to
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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
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. 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
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1.1 Mission
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- 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
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- 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
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Mortgage Industry (MI) Subgroup Contacts
Role | Name | Contact |
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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 |
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January 11, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
February 8, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
March 14, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
April 11, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
May 8, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
June 13, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
July 11, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
August 8, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
September 12, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
October 10, 2024 | 9 AM | 12 PM | 6 PM | 2 AM |
November 14, 2024 | 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
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
Image AddedHow Blockchain is Transforming Real Estate? Unlocking New Possibilities
By LinkedIn
Image AddedReal Estate Tokenization will Be Key to Solving Affordable Housing Challenges
by CoinCodex
Image AddedFractIt Revolutionizes Real Estate: Completes Pilot with Tokenization of Luxury Property on Blockchain
by MarketWatch
Image AddedBlocksquare hits $100M in tokenized real estate with launch of Oceanpoint v0.5
by Investing.com
Image Added
Figure rolls out blockchain mortgage registry system to lending partners
by Ledger Insights
Image Added
Homium Raises $10M and Tokenizes Home Equity Loans on Avalanche
by Coindesk
Image Added
Foxtons first estate agent to digitise lettings & sales
by The Block
Image AddedRetail Bank AI Readiness Index: Who’s best-positioned for the AI boom?
by CB Insights
Image AddedTransforming Mortgages: Why FinTech is the Future of Lending
by TechFunnel
Image AddedHow Blockchain Technology is Changing Real Estate?
by DeftSoft
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What are Crypto-backed Mortgage Loans?
by Bitstamp
Image AddedHow Tech Is Shaping the Mortgage Industry
by Tech Times
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Generative AI in Housing Finance
by FHFA
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Is blockchain technology effective in preventing identity theft?
by Quora
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Blockchain Pioneer Outlines the Cutting Edge of Digital Identity
by Nasdaq.com
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The Future of Notes: Will Blockchain Rewrite the Mortgage Narrative?
by Maurice Cardwell
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Blockchain for Real Estate: It’s Coming.
by Deeds.com
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9 Use Cases for Hyperledger Besu
by Kaleido
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2023 Mortgage Industry Subgroup End of Year Wrap-Up
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1.2 Goal
The MI-SIG will use decentralized, permissioned HL blockchains to propose and build user-friendly apps that respond to the relative disorder of permissonless 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.
1.3 Sub-group Contacts
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Marvin Bantugan
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