Blockchain for Mortgages: Compelling, But Premature?

Blockchain for Mortgages: Compelling, But Premature?

If there's an industry that cries out for the efficiencies and data integrity that blockchain tech promises, it's undoubtedly the US residential mortgage business. First off, there's the size of the business. At last count, according to the Federal Reserve, there were about $10tn-worth of residential mortgages outstanding, with about $2tn in new loans being originated in a good year. Then, there's the amount of data – most of it sensitive – that goes into and supports every loan. "A mortgage application requires hundreds of documents and very sensitive data," Leo Loomie, senior....


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