Staircase, a fintech company that's been compiling an expansive set of interconnected digital mortgage tools, introduced new blockchain-based technology for servicing transfers on Tuesday.
The latest automation is aimed at ensuring compliance sensitive information gets transferred correctly in an active mortgage servicing rights market. The Consumer Financial Protection Bureau has some specific requirements around this process, with a particular focus on ensuring it doesn't interrupt modifications or other loss mitigation in progress.
"MSRs transfers are increasing in volume given the increased value of the servicing rights, so it's just a natural market to spend a little more time in right now," said Adam Kalamchi, co-founder and CEO of Staircase.

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