John V. Levonick, special counsel in the Financial Services Practice Group of Pepper Hamilton, was quoted in the March 19, 2019 Dodd Frank Update article, "How Lenders Can Overcome Barriers to eClosings." The article discusses Mr. Levonick's participation on the webinar titled "Overcoming Barriers to eClosings for Lenders" presented by October Research, LLC and Dodd Frank Update on February 14, 2019.
Fannie Mae Director of eMortgage Strategy and Operations Shane Hartzler and Pepper Hamilton LLP Special Counsel John Levonick offered insight about how lenders can address a multitude of those perceived barriers to getting started in the digital mortgage space and spelled out some of the benefits to doing so.
Levonick offered an in-depth look into the technology aspect of the eClosing process and offered a unique perspective on how one could view a mortgage in that context.
"A lot of people have heard about Blockchain among the different technology being thrown around," Levonick said. "The capital markets are getting very comfortable, currently, with the creation and the purchase and sale and trading of digital assets. And a mortgage is not much different. A mortgage is effectively a negotiable instrument that is aggregated and ultimately ends up in a security."