Mortgages

Market Problem

Currently, a loan is passed between an initial originator and potentially multiple servicers with each actor rebuilding their own record of the loan. Converting that loan into a digital instrument improves consistency and efficiency, simplifies workflows for title searches and provides better visibility into the performance of the loan.

Symbiont's Blockchain Solution

Symbiont created a blockchain solution for the
mortgage market.


Symbiont is creating a decentralized mortgage record that securely shares data among servicers, investors and other key parties. 

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Features and Benefits

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Efficiency and transparency

Real-time access to multiparty updates, changes and corrections to support enhanced transparency into loan performance for servicers, investors, regulators and borrowers

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Enhanced data security

No single point of failure, end-to-end security

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Cost savings

Digitizes and automates terms of the mortgage through smart contracts, leading to reduced operational and regulatory burden

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Accuracy

Creates a single source of truth for a mortgage through its entire lifecycle and  eliminates information loss when mortgages are sold and transferred