Technology
Leveraging Technology to Integrate a Fractured Housing Market:
NMRC leverages technology and business process innovation as pivotal tools for building a modern housing finance market for Nigeria.
In line with the mandate to remove barriers to homeownership and build a sustainable culture of efficiency in the Nigerian housing market, NMRC deploys its deep knowledge and understanding of the industry to introduce new technological innovations and processes that are at par with global standards.
Since NMRC commenced operations in 2015, we have recorded significant milestones in this direction.
NMRC’s Housing Market System
NMRC’s Housing Market System is Nigeria’s first mortgage management technology infrastructure proffering an end-to-end solution for the housing finance market in Nigeria. The system is designed to address the barriers created by the cumbersome processes surrounding home ownership in Nigeria.
The HMS infrastructure integrates the financing operations of the key components of the entire housing value chain from construction finance, to primary mortgage origination and administration to secondary market mortgage refinancing.
By enabling the seamless integration of all stakeholders in the housing finance ecosystem, their business systems and processes, the HMS enhances the efficiency of operations of the housing finance sector, deepening the market and growing access to affordable home ownership in Nigeria.
NMRC’s HMS also integrates a Mortgage and Housing Market Information Portal (HMIP) to help address the critical gap in credible data on the mortgage and housing market in Nigeria. Developed in collaboration with the National Bureau of Statistics (NBS), the Central Bank of Nigeria (CBN), Federal Mortgage Bank of Nigeria (FMBN) and Mortgage Banking Association of Nigeria (MBAN), the portal is the go-to technical platform that provides an interface for easy access to real-time and live information on housing finance, property development and ownership.
Blockchain-powered Technology System for Reliable Land Titling
NMRC has also tapped blockchain technology’s capacity for tamper-proof record keeping, to build a robust national asset registry system for driving real estate transactions. The innovative platform, built for homebuyers, land service providers, banks, and property developers eliminates cases of double titles for the same piece of land by ensuring that information on verified land titles are stored in immutable digital registries and constantly cross-checked by a network of computers.
Some of the key benefits of the block-chain powered registry system include creating a single source of truth of ownership status to guarantee title authenticity and reliable online title verification. It also ensures transparency of land titles, reduces potential for land disputes as well as the costs and transaction time for land processing.
National Real Estate Collation Initiative
NMRC is working with market stakeholders to create a National Real Estate Data Collation & Management Program (NR-DCMP) that will provide industry-wide data on real estate activities in Nigeria. The program is specifically developed to create a data repository on real estate and housing development across different value chains for use by policy makers, investors and the Nigerian public. The information will include administrative data, activities of housing developers and the affordability of off takers clustered by their states of operations.
Stakeholders on the project include the Real Estate Developers’ Association of Nigeria (REDAN), Central Bank of Nigeria (CBN), Federal Mortgage Bank of Nigeria (FMBN), Nigeria Mortgage Refinance Company (NMRC), Federal Ministry of Power, Works and Housing (FMPWH), National Population Commission (NPopC), Gesellschaft für Internationale Zusammenarbeit (GIZ), the Growth & Empowerment Program (GEM) of the Federal Ministry of Industry, Trade & Investment (FMITI), National Bureau of Statistics (NBS), and the Value Chain Consultants.
NMRC’s Housing Market Information Portal, HMIP, will host the data and provide the dashboard and executive reports for decision making.
Frequently Asked Questions
Technology
What kind of technology does NMRC use?
We use digital tools to make mortgage refinancing faster, more transparent and easier to manage. This is to help lenders, developers, regulators and policy makers get the data and workflows they need.
What is the Housing Market Information Portal (HMIP)?
The HMIP is NMRC’s public-facing housing data hub. It provides reliable and convenient access to housing market information, things like market trends, sector statistics, and a mortgage calculator, so stakeholders can make better decisions. The portal is hosted by NMRC and used widely across the sector. HMIP has been adopted by National Housing Data Centre as the de-facto Housing Portal for Nigeria.
What is the Mortgage Market System (MMS)?
The MMS is our internal platform that automates and streamlines mortgage registration, verification and refinancing workflows. Developed using Uniform Underwriting Standards, it helps lenders create mortgage loans, submit them for refinancing, and produce reports thereby reducing paperwork and speeding up processing.
Who can use HMIP and MMS?
HMIP is built for a wide audience covering banks, developers, investors, researchers, government agencies and anyone looking for credible housing market data. MMS and NMRC’s refinancing platforms are for licensed Primary Mortgage Banks, commercial banks and relevant regulatory users. Individual borrowers don’t log into MMS, but they benefit when their bank uses it.
How does NMRC keep data safe?
We apply industry-standard security: encrypted data storage and transfer, secure logins and multi-factor authentication, regular security audits, and compliance with the Nigeria Data Protection Regulation (NDPR). With our Security Operations Centre (SOC), we follow accepted global best practices for operational security and data handling.
What’s the National Housing Data Centre and how does it relate to HMIP?
The National Housing Data Centre (NHDC) is a federal initiative to centralise land, housing and finance statistics for better policymaking. NMRC’s HMIP is being used as a key digital repository and access point as stakeholders work to build the national centre, so HMIP is already playing a foundational role in the wider NHDC effort.
Is the National Housing Data Centre already active?
The federal government inaugurated a national steering committee to develop the National Housing Data Centre in August 2024; work is underway to integrate and expand housing data — and HMIP is part of that integration strategy. As the NHDC is a multi-stakeholder project, it will evolve as partners contribute data and systems.
How will this help ordinary Nigerians?
Better data means better decisions: more accurate estimates of housing supply and demand, smarter policy and investment choices, and clearer signals for lenders — which over time should support more affordable and better-targeted housing finance solutions.
What is NMRC doing to go digital?
We’re investing in modern tools (cloud-based systems, analytics, APIs) and improving how data flows between ecosystem players such as banks, regulators and developers.
Is NMRC using AI?
Yes, we are exploring technologies like AI for financial budgeting and reporting, credit risk modelling analytics, and blockchain where it makes sense for data traceability and transparency. Any new tech is evaluated carefully for security, scalability and industry benefit.
Who should I contact for tech support?
If you are an industry partner or regulator needing help with MMS or HMIP integration, contact our Technology Support Team at ict@nmrc.com.ng or use the helpdesk on the HMIP/NMRC portal. We provide onboarding and troubleshooting support.
What about system maintenance or downtime?
We schedule planned maintenance and notify users ahead of time. For unplanned outages or urgent problems, our support team is available to resolve critical issues quickly.
Can our systems integrate with NMRC’s platforms?
Yes. NMRC provides secure APIs and detailed integration documentation that allow partner institutions to connect their own mortgage management systems with NMRC’s platforms (MMS/HMIP). This enables seamless and automated data exchange between systems.
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Corporate Management
NMRC’s journey is marked by significant milestones that have reshaped the housing finance sector.