Blockchain Applications in Real Estate Finance: Mortgage Origination, Securitization and Servicing

Recording of a 90-minute CLE webinar with Q&A


Conducted on Tuesday, June 19, 2018

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will familiarize real estate finance counsel with some of the current and potential uses of blockchain and distributed ledger technology (DLT) in commercial mortgage origination, securitization, and servicing. The panel will also discuss the legal and regulatory hurdles companies may encounter in moving transactions onto a distributed ledger or blockchain.

Description

Blockchain will revolutionize real estate finance. A single blockchain can embody all transaction information in one digital shared document, which is updated and viewable simultaneously by all members of the network. Mortgage-backed securities (MBS) and A/B structured loans are particularly well suited to benefit from DLT given the various constituencies involved in sale and servicing.

Today’s securitization process involves review by broker-dealers, issuers, investors, accountants, attorneys, rating agencies, and trustees. Similarly, loan participations involve multiple lenders and servicers. Blockchain technology can make a digital representation of the underlying loan, copies of all origination documents, loan documents, and payment history accessible in real time.

The use of smart contracts enhances the transformative qualities of the blockchain. In addition to automatic notification of any loan-related event, smart contracts can make automated payments to all loan participants based on the waterfall provisions set forth in a pooling and servicing agreements.

Listen as our authoritative panel discusses the architecture of DLT and potential applications of blockchain in the commercial lending context, with a particular focus on MBS and transactions with multiple participants or senior-subordinated structures. The panel will also discuss regulatory and data security concerns with implementing blockchain.

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Outline

  1. DLT and blockchain
  2. Applications
  3. Legal and regulatory issues

Benefits

The panel will review these and other critical issues:

  • What is a distributed ledger, and how does it change the documentation of transactions and information?
  • How can smart contract execution and enforcement be embedded in a distributed ledger or blockchain?
  • What are some of the current and proposed uses for blockchain in mortgage-backed securities?
  • What legal issues arise with blockchain that are not present with more conventional formats?

Faculty

Nagi, Jason
Jason A. Nagi

Shareholder
Polsinelli

Mr. Nagi uses his creditor-focused, finance experience to counsel early stage and mature FinTech companies as well as...  |  Read More

Quaranta, Ron
Ron Quaranta

Chairman
Wall Street Blockchain Alliance

Mr. Quaranta possesses over 27 years of experience in the financial services and technology industries. He...  |  Read More

Willis, Timothy
Timothy Willis
Managing Director
RiskSpan

Mr. Willis has a 20-year background advising clients in the commercial and mortgage banking and structured finance...  |  Read More

Other Formats
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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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