Continuously monitoring and updating mortgage ready data

A system for using blockchain technology to update information about a customer, the system comprising:

• a processor;
• and
• a non-transitory computer-readable media storing computer-executable instructions that, when executed, cause the processor to perform operations comprising:
• receiving information relating to a customer;
• retrieving, from a blockchain associated with the customer, additional data relating to the customer, wherein the blockchain includes a first block storing the additional data relating to the customer and a second block storing an amount for which the customer is approved for a loan;
• executing a machine learning component, based at least in part on the information relating to a customer and the additional data retrieved from the blockchain, to determine a customer risk profile associated with the customer;
• generating a new block based at least in part on the customer risk profile associated with the customer;
• and
• cryptographically linking the new block to the blockchain.

One or more non-transitory computer-readable media storing instructions executable by a processor, wherein the instructions, when executed, cause the processor to perform operations comprising:

• receiving, by a blockchain system, information relating to a customer;
• retrieving, by the blockchain system, a copy of a blockchain associated with a customer, wherein the blockchain includes a first block storing the additional data relating to the customer and a second block storing an amount for which the customer is approved for a loan;
• executing a machine learning component, based at least in part on the information and additional data retrieved from the blockchain associated with the customer, to determine a customer risk value associated with the customer;
• generating, by the blockchain system and based at least in part on the customer risk value, a new block including at least one of the additional data or the customer risk value associated with the customer;
• and
• cryptographically linking, by the blockchain system, the new block to the blockchain.