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Matthew T. Short

One US mortgage platform reported an avg. processing time of 9 days, compared with a typical 45 days across the industry, its executive said.
The same US platform put its origination costs at ~$1K per loan, compared with an industry avg. of $12K, attributing the difference to integrated technology.
The platform connects loan origination with an investor marketplace, aiming to reduce administrative work and negotiations between mortgage originators and buyers in the US.
For US investors, blockchain records can support verification of loan information and help prevent the same loan from being sold or pledged multiple times.
US homeowners can borrow against home equity through credit lines, including to consolidate other debts, while keeping their existing mortgages, the executive said.

Blockchain Lending Cuts Mortgage Processing Time

US homeowners can access equity without replacing their existing mortgage. Home equity loans and lines of credit are popular options for keeping it intact.
A home equity loan provides a fixed lump sum and predictable payments; a home equity line offers flexible borrowing with a variable rate.
Compare fees and interest over the same repayment period. Lower upfront costs do not necessarily mean lower total costs, especially with variable rates.
A home equity agreement provides cash in exchange for a share of future home value, with settlement due under the contract and existing expenses continuing.
Homeowners age 62 and older can consider a reverse mortgage; an insured option requires paying off any existing mortgage and paying taxes, insurance and upkeep.