Blockchain Technology Can Be Used in the Mortgage Approval Process

question 27

Multiple Choice

Blockchain technology can be used in the mortgage approval process to give borrowers _____.

• A)additional cash reserves
• B)an alternative to escrow
• C)the option of storing their financial information in a secure network
• D)the option to bid on houses without relying on a realtor

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Definitions:

Monitor

To observe and check the progress or quality of (something) over a period of time; keep under systematic review.

Scan

To examine or review with the purpose of locating information or identifying certain elements, often used in the context of analysis or research.

Social Capital

The web of connections between individuals who reside and are employed within a specific community, facilitating the efficient operation of that society.

Advance Agendas

Planned outlines or lists of items to be discussed or actions to be taken in a meeting, distributed in advance to participants.