Tokenize Mortgages
Stable Tokenizes Mortgages Both At and After Origination
Overview
Stable provides brokers, bankers, and other institutions with the ability to originate, fund, and liquidate mortgages on-demand at any time 24/7/365 without changing anything.
Tokenization may sound complicated, but its not. In fact, nothing has changed except everything is more efficient. Stable both offers our own platform for loan origination and has partnered with existing providers to integrate without lift ("Powered by Stable"). Stable makes things faster, period.
Please find Stable's underwriting guidelines here. If you are a new partner, do reach out through our partner portal; we look forward to welcoming you soon.
Tokenize a New Mortgage
Newly issued mortgages are tokenized from the point of origin through integration of Stable's API into the Originator's loan origination software (LOS) or by their broker who has partnered with Stable.
Tokenize an Existing Mortgage
Mortgage loans that have already been originated and are sitting on the books or balance sheet of a broker, bank, fund, or other holder can easily be tokenized and liquidated into the Stable ecosystem.
Steps
Enter Mortgage Details
Instant Mortgage Page Creation
Verify Ownership & Prepare Documents
Digital Signing & Remote Notarization
Receive Tokenized Property Token
Enter Mortgage Details
Tokenizing one or more mortgages starts by simply entering in the property address and documents of each mortgage. Stable combines multiple data sources from there before creating an asset specific interface and asking the tokenizer to confirm some details.
Instant Asset Page Creation
For users who have tokenized mortgages with Stable before, each mortgage they tokenize will be added to their portfolio and given a unique URL where a visual interface will describe the mortgage asset.
That page will be generated within minutes of documents being uploaded for mortgage asset where details have been confirmed. The page highlights key aspects of the mortgage asset and acts as an interface where the owner can manage the mortgage's NFT over the life of the asset.
Verify Ownership & Prepare Documents
Once the Asset Page has been populated, the tokenizer is asked to verify their ownership of the mortgage and the type of ownership (individual, joint, entity, etc...).
Upon confirmation, Stable automatically generates all necessary legal documents tailored to the local jurisdiction. The tokenizer should have all documents related to the mortgage on hand to avoid delays.
Digital Signing & Remote Notarization
While this step can be completed in-person, Stable works with multiple recommended digital notary services which enables the tokenizer to immediately legalize the tokenization.
Receive Tokenized Asset Token
All done. The tokenizer is minted an NFT to represent each mortgage asset that they tokenized.
The tokenizer can now simply submit the asset(s) to Stable for immediate liquidation.
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