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(Note: This Page is under construction. Target launch date is Oct 1st, 2021)
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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. There are many This complexity creates trust issues and transparency challenges due to the involvement of multiple entities, and with no clear mechanism to track end-to-end activities of every entity, across the lifecycle of a the mortgage. 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: Click here to join the mailing list (Need link to mailing list)Step 2: 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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Link to add to your calendar.....
Zoom Link info:
link.........
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 (Need link to MI Subgroup Membership Directorylist, 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 (Need link to mailing list)
General discussion : 40 minutes
- Topics per scheduled meeting agenda
Wrap up: 5 minutes
- Next steps review
- Ideas for future agenda items
Meeting Notes & Recordings
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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
Join theMortgage Industry Subgroup
mailing list (Need link to mailing list): Join the mailing list.
Global Mortgage Industry Research
Global Real House Prices by Country June 2021
by International Monetary Fund (IMF)
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Global Housing and Mortgage Outlook - 2021
by Fitch Ratings
View file name Fitch_Global_Housing___Mortgage_Outlook 2021.pdf height 250
Global Real House Price Index June 2021
by International Monetary Fund (IMF)
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Global Housing Tenure Analysis - May 2021
by The Organisation for Economic Co-operation and Development (OECD).
View file name HM1-3-Housing-tenures 5 2021.pdf height 250
The 10 biggest mortgage lenders in the world by market capitalization - August 2021
by Mortgage Professional America (MPA)
Blockchain Information/Research
The Hyperledger Vision-Blockchain 101
by The Hyperledger January 2020
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