MReport May 2022

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 7 MTECH manages, purchased these digital assets via an integrated, block- chain-based marketplace that, when coupled with use of a con- nected digital currency account, enables real-time, multiparty settlement with less risk. "With technology impacting all areas of our lives, it is time for participants across the mort- gage ecosystem to experience an improved process that simply works better and costs less," said Daniel Wallace, General Manager of Figure Lending. "Blockchain can provide enhanced protections and transparency in the ownership pro- cess for consumers and real-time settlement for investors, replacing trust with truth to create a faster, more efficient process for every- one. This important development demonstrates just one way that blockchains will provide significant improvements that streamline the mortgage lending space." NFTs Come Home HOME.COM TO AWARD CON- SUMERS WITH A CUSTOM NFT OF THEIR HOME. H is awarding a select number of con- sumers with a custom, animated NFT, or non-fungible token, of the special home in their lives. By visiting, consumers have the chance to secure a custom NFT derived from a rendering of their home, whether it's their first home, their current home, a favorite child- hood home, or any other home that has meaning to them. Because it's animated, the digital artwork will capture the nostalgia of the home at a specific point in time—like as the snow falls on a home decorated for the holiday season or when glowing pumpkins adorn the front stoop— creating a unique and meaningful memento that can be minted on an anniversary or other date of significance. Chosen recipients will also receive a free hardware wallet to enable them to safely store their newly minted NFT. saw the burgeoning popularity of the NFT market- place as a way to raise awareness of the joy of homeownership. "We all have a deep and emo- tional attachment to our homes— they mean more than the wood, stucco, or brick they are built with. The NFT is meant to preserve that feeling and share the excitement with a new generation of future homeown- ers," said Ben Smidt, VP Digital Strategy & Innovation at Fairway. "Many people today are interested in what's happening with NFTs and crypto. The ability to offer a meaningful digital asset and hardware wallet is a fun way to connect." Conscious of the carbon foot- prints NFTs leave behind, Home. com is working with a nation- ally recognized environmental foundation to limit CO2 emis- sions. A donation of 10 trees will be made for every NFT minted. This donation offsets the carbon dioxide emissions that result from the creation of an NFT. Reducing Time to Qualify Borrowers LOANLOGICS LAUNCHES LOANBEAM WAGE INCOME CALCULATION TOOL. L oanLogics has launched LoanBeam Wage, an au- tomated tool that enables lenders to calculate wage earner borrower income quickly and ac- curately, from paystubs and W-2s.

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