"The transition here is a little bit of a fork. Rocktop Technologies is focused on some of the generative AI applications and data and documents, as well as automating some of the processes attached to default servicing and some of the trade operational pieces and capital markets."
"For me, this is a little bit more of an infrastructure play. We're more focused on the rails and kind of working on the plumbing of the industry, if you will, so things that would move assets and make the portability and transferability of assets more efficient."
"I'll give an analogy first. So, for example, the DTC [Depository Trust Co.] in the '70s really focused on the digitization of what were equity trades at that point. There were a lot of paper-driven functions, much like the mortgage industry, a lot of inefficiency in the ecosystem in terms of dealing with paper or manual tasks."
Brett Benson transitioned from Rocktop Technologies to CEO of Rocktop Digital, focusing on enhancing industry infrastructure. Rocktop Digital aims to improve asset portability and transferability, contrasting with Rocktop Technologies' focus on generative AI and asset efficiency. Benson likens the need for change to the digitization efforts of the Depository Trust Company in the 1970s, highlighting inefficiencies in the mortgage industry due to paper-driven processes. The goal is to create a more efficient and trusted digital asset ecosystem.
Read at www.housingwire.com
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