Benefits of HFCHFC harnesses the power and security of blockchain technology and artificial intelligence to solve real world problems facing the mortgage industry. The HFC platform ensures that all stakeholders in the mortgage process are taken care of.
Faster Mortgage ProcessBy using Artificial Intelligence and a Consortium Ethereum blockchain network, the HFC platform streamlines the entire mortgage process. This significantly reduces the average time to close while increasing customer confidence and understanding in the mortgage they are buying.
Fewer MiddlemenHFC’s Artificial Intelligence technology eliminates the need for mortgage loan officers and originators while allowing loan processors and underwriters to handle a higher volume of mortgages.
Smart Contracts, No FraudThe security and transparency provided by blockchain and enforced by smart contracts completely eliminates the opportunity for fraud in the mortgage process.
Reduced CostsReducing the amount of human resources required to process loans significantly reduces the cost to originate loans. The costs savings are passed on directly to customers.
Total TransparencyThe HFC platform provides total transparency for mortgage customers and mortgage backers by tokenizing each mortgage using the ERC721 standard token within QuorumChain (developed by JP Morgan). The ERC721 token can be tracked throughout the entire lifecycle of the mortgage.
SecurityHFC uses a Consortium Ethereum blockchain network. Documents and information stored in the blockchain are hashed with a SHA256 function and encrypted using high grade encryption and are impossible to hack. Access to the mortgage token requires a private key based on the ECDSA algorithm. Security is ensured with Proof of Stake consensus QuorumChain protocol.
https://hfccoin.org
