Blockchain Applications in Real Estate Finance: Mortgage Origination, Securitization and Servicing Today’s faculty features: 1pm Eastern | 12pm Central | 11am Mountain | 10am Pacific The audio portion of the conference may be accessed via the telephone or by using your computer's speakers. Please refer to the instructions emailed to registrants for additional information. If you have any questions, please contact Customer Service at 1-800-926-7926 ext. 1. THURSDAY, SEPTEMBER 13, 2018 Presenting a 90‐minute encore presentation Jason A. Nagi, Shareholder, Polsinelli, New York Ron Quaranta, Chairman, Wall Street Blockchain Alliance, New York Timothy Willis, Managing Director, RiskSpan, Washington, D.C.
Transcript
Blockchain Applications in Real Estate Finance: Mortgage Origination, Securitization and Servicing
The audio portion of the conference may be accessed via the telephone or by using your computer's speakers. Please refer to the instructions emailed to registrants for additional information. If you have any questions, please contact Customer Service at 1-800-926-7926 ext. 1.
THURSDAY, SEPTEMBER 13, 2018
Presenting a 90‐minute encore presentation
Jason A. Nagi, Shareholder, Polsinelli, New York
Ron Quaranta, Chairman, Wall Street Blockchain Alliance, New York
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FOR LIVE EVENT ONLY
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The network and nodes take the place of an intermediary
No one entity needed to oversee transactionsNo one entity to maintain recordsRemoval of MiddlemenLikely effect, reduction in costs, not elimination of roles
Automated contract Does not require human involvement in order for an exchange to take place Does not require trust Can link bank accounts to smart contract applications for payments:
An holistic approach: A platform that integrates business specific smart contracts, proprietary middleware technology and machine learning algorithms to verify data and achieve consensus required to manage a securitized asset through its life cycle.
Data AdaptersExtract legacy data from paper‐based documents and other sources using machine learning
Algorithms and machine learning to verify data and achieve consensus
Smart Contracts
Verification Algorithm
Workflow AutomationExecutable smart contracts derived from data and used to execute transaction
DLT Software:HyperledgerEthereumR3
Implement workflow automation through embedded data verification tools that support the deal life cycle.
Users can implement automation tools “off‐chain” realizing immediate process efficiencies and enhanced ROI.
• Smart contract associated with each loan generates expected payment
• Periodic (re)verification of information can be triggered • Servicer updated are attached to Loan blocks• DLT can be queried to generate investor reports
Servicing
Document Custodian and Due Diligence – Target State
Polsinelli provides this material for educational purposes only.
The material provided herein is general and is not intended to be legal advice.
Nothing herein should be relied upon or used without consulting a lawyer to consider your specificcircumstances, possible changes to applicable laws, rules and regulations and other legal issues.
Receipt of this material does not establish an attorney‐client relationship.
Polsinelli is very proud of the results we obtain for our clients, but you should know that past results donot guarantee future results; that every case is different and must be judged on its own merits; and thatthe choice of a lawyer is an important decision and should not be based solely upon advertisements.
