DENVER, July 22, 2021 / PRNewswire / – Liquid mortgage has received a US patent for its distributed ledger technology that supports its vision for the future of debt markets. U.S. Patent 11,068,978 entitled “Decentralized systems and methods for managing loans and securities”, aims to make debt markets more efficient and transparent while reducing the overall cost of the ecosystem.
The patent covers an essential part of the Liquid Mortgage business model, including: creation of credit-backed digital assets, multi-signature blockchain credit-level accounts, lender portfolio accounts for holding credit-backed digital assets, payment information and distribution mechanisms for borrowers, and loan balance management.
“Above all, this patent grant shows that we have been thinking outside the box for years to solve problems in an industry that is far behind in technology,” said Ian Ferreira, Founder and CEO of Liquid Mortgage. “We look forward to leveraging our ecosystem partnerships to implement this technology across the industry and ultimately deliver cost savings for borrowers.”
For more information, please contact Liquid Mortgage directly.
Ian Ferreira, Founder
E-mail: [email protected]
About liquid mortgages
Liquid Mortgage, Inc. was founded in 2018 by the former portfolio manager and trader. Ian Ferreirawho saw an opportunity to use blockchain technology in the mortgage market to increase transparency and efficiency in loans and securitisations. Liquid Mortgage is a patented digital asset and data platform designed to validate loan-level documentation, payments and related information in a timely and immutable manner. Its mission is to alleviate weaknesses and inefficiencies in the current system by introducing innovations into the post-original process. Please visit LiquidMortgage.io for more information.
SOURCE Liquid Mortgage, Inc.