January 9th, 2018
New Orleans, LA
Blockchain is getting a lot of attention within the mortgage industry, and for good reason. With millions of consumers borrowing to purchase millions of properties, and served by thousands of lenders, closing agents, service providers, and others, the large mortgage ecosystem may greatly benefit from the distributed ledger concepts that are the foundation of Blockchain.
This event is intended to bring industry and Blockchain, or distributed ledger, experts together to discuss innovative solutions to the industry's most pressing issues. To ensure that industry experts have a foundational understanding of Blockchain, the workshop will begin at 3:30pm concurrent with the 2018 MISMO Winter Summit general sessions, with an education panel covering the basics of distributed ledger concepts and actual use cases from the mortgage and other industries. The following morning, participants will then split up to participate in one of two domain specific breakout sessions.
The detailed workshop agenda for Tuesday, January 9th is as follows:
9:00am - 9:30am LeSalle A
Blockchain Workshop participants will convene together for introductory remarks and discussion led by Jason Nadeau, EVP, Factom from 9am - 9:30am. At that point the team will break into two groups using the following use case:
9:30am - Noon
Use Case: Single Source of Truth - Increasing transparency through document collaboration
The Origination process requires collaboration of data and documents from many parties which is often fraught with poor coordination and disconnects on the final version of data and documents. The goal is to explore the capabilities of distributed ledger to serve as a single source of truth for Origination Loan Data / Document Collaboration and Shared Database to increase transparency to all parties, reduce compliance challenges created by invalid or conflicting data and documents, and reduce the cost and time to originate a mortgage.
Business Break-out Session - LeSalle A
This session will explore distributed ledger from a business perspective within the context of the document use case. Participants will consider what the business process might look like; how would an organization get value from using a distributed ledger instead of the existing business / operational process; how would roles and responsibilities be impacted; and what would governance look like under distributed ledger and much, much more.
Breakout session led by:
- Adam Chaudhary, FundingShield
- Jason Nadeau, Factom
- Ike Suri, FundingShield
Technical Break-out Session - Arcadian 1
This session will explore distributed ledger from a technical perspective within the context of the document use case. Participants will consider differences, considerations and benefits of the architectural framework under distributed ledger as well as what technologies might be necessary to support distributed ledger protocols? What would technical support of a distributed ledger look like? And much, much more.
Breakout session led by:
- Todd Miller, Chromaway
- Budd White, Digital Asset Holdings, LLC
Noon - 1:30pm - - Break for Lunch
1:30pm - 3:30pm - LeSalle A - Structured Report Out and Next Steps
Blockchain Workshop participants will reconvene together after lunch for a structured report out of break-out session discussions and next steps.
Report out and next steps led by Shawn Jobe, Factual Data
Who should attend?
Anyone with an interest in solving today's business challenges. Knowledge or expertise in Blockchain is not required. Knowledge of obstacles within our industry, and an openness to new ideas, is all you need to attend.
Blockchain has the tantalizing potential to create new opportunities while solving issues that plague the industry. Yet Blockchain is not simply a piece of software you plug into your system. Success requires collaboration between different entities. Which means we need to start talking and collaborating before upstarts blindside the industry. Now is the time to explore the possibilities of how Blockchain could be used to solve business challenges experienced by your organization and others in the mortgage finance industry. In our nine trillion dollar industry, there are numerous challenges which might could benefit from these new technologies.
Don't miss this opportunity to get ahead of the curve and help shape the conversation on Blockchain for the mortgage finance industry.
MISMO is offering a special two day pass to the 2018 Winter Summit.
Blockchain Workshop participants must register for the 2018 MISMO Fall Summit. A special two day pass is available for $350 for Blockchain Workshop attendees. This pass entitles participants to attend all of the Blockchain Workshop activities on Monday, January 8th and Tuesday, January 9th as well as the other general sessions on Monday, January 8th and the Summit Networking Reception on the evening of Tuesday, January 9th. To register for the special two day pass, MISMO members should use the promo code Block3 at checkout. Non-members should use the promo code Block6 at checkout. Contact us at firstname.lastname@example.org for more information.