Problem Statement

Quality control for mortgage loans is a time-intensive and costly process for originators, delaying the sale of loans to Government Sponsored Enterprises (GSEs). These delays drive significant warehousing costs, with millions lost in interest while loans await purchase.

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Resolution

To tackle this challenge, I partnered with a Web3 blockchain startup to enable same-day GSE funding, to significantly reduce warehousing costs. My team facilitated a series of design sessions with the startup, focusing on uncovering key pain points and refining their approach.

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Through these sessions, the startup:

• Refined its business model to align with industry needs.

• Identified innovative ways to leverage blockchain and AI to improve quality assurance and streamline loan sales.

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As a result, the startup is now partnering with Freddie Mac and Fannie Mae to reimagine the loan purchasing infrastructure on the blockchain, paving the way for faster, more efficient loan transactions.

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Impact: This initiative can potentially revolutionize loan funding processes, reducing costs and creating a more efficient system for lenders, GSEs, and borrowers alike.