Blockchain Home Equity Loans Now a Reality

On September 5, 2019, Caliber Home Loans – a leading American mortgage company, became the first creditor outside of Figure (the creators of blockchain-based platform Provenance) to provide home equity loans directly via blockchain. Caliber, which chose Provenance for the transaction, promises to offer customers a smoother experience while reducing risks and cutting down on long waits. Sanjiv Das, CEO of Caliber Home Loans, said his company was pleased to offer a groundbreaking product: “We think the ease and speed of this process are truly unique. Unlike traditional home equity lending timeframes which often stretch out for weeks, our borrowers can…...