Since the financial crisis of 2008, there has been a certain level of distrust with respect to residential mortgages.

This distrust is rooted in the secondary mortgage market, in which thousands of residential mortgage loans were originated and then sold and assigned to successor lenders and/or trustees, sometimes multiple times. The documentation for many of these assignments was sloppy or nonexistent—giving rise to numerous robo-signing scandals and judges across the country who took it upon themselves to crusade against banks within the foreclosure process.

All of this resulted in a much slower and more expensive mortgage foreclosure process—and raised mortgage costs more generally. The current practice of requiring title insurance for all mortgage loans also adds complexity and cost to the mortgage lending process.

But it’s possible that blockchain technology could provide an answer to all of these problems.

Read the rest of this article from the American Banker.