Enhancing Digital Trust in the U.S. Mortgage Industry: A MultiDimensional Approach to Identity Assurance and Federation

Abstract

This research paper explores the evolving landscape of identity assurance in the U.S. mortgage industry, focusing on the integration of federated identity management and digital authentication technologies. It addresses the challenges posed by digital disruption, such as deepfake threats and privacy concerns, and examines the application of international standards and practices in enhancing identity assurance. Drawing on insights from various frameworks including NIST, Kantara, and OIDC, the study proposes a multi-dimensional approach to strengthen digital trust in mortgage transactions. This approach balances technological advancements with regulatory compliance, offering practical solutions for secure and efficient identity verification in the mortgage sector. The paper serves as a crucial guide for professionals navigating the complexities of identity assurance in an increasingly digitized financial landscape.