Invention Grant
- Patent Title: Methods and apparatus for ingestion of legacy records into a mortgage servicing blockchain
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Application No.: US16706238Application Date: 2019-12-06
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Publication No.: US11244391B2Publication Date: 2022-02-08
- Inventor: Richard Sheridan Collins , Shane Michael Leonard
- Applicant: Ranieri IP, LLC
- Applicant Address: US NY New York
- Assignee: Ranieri IP, LLC
- Current Assignee: Ranieri IP, LLC
- Current Assignee Address: US NY New York
- Agency: Rogers Towers PA
- Agent Joseph P. Kincart
- Main IPC: G06Q40/02
- IPC: G06Q40/02 ; G06Q20/38 ; H04L9/06 ; H04L9/08 ; G06Q20/10 ; G06Q20/40 ; H04L9/32

Abstract:
Apparatus and methods for ingesting Legacy Records of mortgage loan servicing actions onto a Blockchain. Legacy data is converted from a relational database format into a blockchain format and entered as one or more blocks on a blockchain. Portions of the blockchain are distributed to Participants in the blockchain, such as the Borrowers, Regulators, Servicers, and Vendors. The present disclosure further provides a method for homogenizing a variety of Vendor Formats for inclusion on the Blockchain and memorializing execution of a smart contract on the Blockchain.
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