Liquid Mortgage is enhancing lending ecosystem infrastructure, from data and documents, to payments and secondary trading through the use of proprietary smart contracts. The company’s patented loan tokenization technology decreases timelines and lowers costs for participants while increasing transparency and efficiency throughout.
By digitizing the loan asset using Liquid Mortgage’s proprietary tokenization technology, the company has a permanent history over the life of the loan, memorializing every addition, change and deletion of data and documents. Borrower payment information is recorded directly to the asset to improve operational efficiency by reducing timelines for reconciliation, reporting and performance validation.
Liquid Mortgage currently has $4.7 billion of loans onboarded across prime jumbo and single-family rental securitizations. This includes more than 4,600 loans, 76,000 payments recorded and $660 million of payment volume. Liquid Mortgage acts as Distributed Ledger Agent in securitizations to increase transparency on the loan level from the typical 55-day reporting lag to a single day. Bond investors receive ultimate transparency while issuers achieve market premiums on sale. Liquid Mortgage is working with additional clients to expand its reach to the HELOC/CES, non-QM and reverse mortgage markets and expects volume to multiply in 2024.