Blockchain technology has infiltrated several large industries. The most surprising of these has been the financial services niche. Also surprising is that mortgages – a major player in that very same niche – has largely avoided any change or disruption in the way they function. It looks, however, as though this is about to change.
Currently new platforms and a variety of products are being introduced that threaten the way things have been done in the real estate business. If these incremental changes continue, there is a high chance the mortgage loan process will look very different in a few years.