Author: AaXray
Topic: P2P Mortgage Lending
Reference: The official website of www.vivanetwork.org and Whitepaper
Introduction
Viva Network is a transformative financial technology platform by introducing peer-to-peer global financing scalability to the world. Viva's Mortgage Platform and Tokenized Mortgage Exchange will connect directly between the borrower and the lender while introducing liquidity, diversification, transparency, and security to the first private mortgage investment.
The Viva platform will allow the free market to determine the interest rate on the borrower's mortgage and discard the needs of banks and other financial intermediaries. By eliminating inefficiencies in the local financial system, the mortgage rate will be more accurate, fair and reflect the level of risk associated with the value of the actual asset.
The banking system failure event that occurred in 2008 resulted in the world's first cryptocurrency and began the process of decentralization of power held by the conglomerate. Viva's goal is to complete the work by leaving all the inefficient financing systems in the past.
What is Viva?
Viva is a platform that allows users to be able to validate their required mortgage loans into thousands of Fractional Mortgage Shares and open up the ability for home buyers to start their loan capital in a peer to peer manner from a global network, crowdfunding investors. In simplifying the process and avoiding the banking system, Viva will be able to reduce interest rates significantly for consumers and ordinary investors while providing savers access to profit models that have encouraged banking companies to become some of the most influential organizations in the world.
About Viva Network
Viva aims to revolutionize the existing and outdated mortgage lending industry by trimming intermediaries and decentralizing the process, thus, Viva will apply a fundamentally more accessible and transparent financing approach. We believe that Viva technology will be able to increase the availability of credit for borrowers and for the first time that allows non-institutional investors to participate in consistent returns supported by assets related to mortgage investment, products that have traditionally been ordered solely for large financial institutions.
Viva's mission is to disrupt the mortgage industry by allowing home buyers and sellers to be able to regulate their provisions. Every individual from any country in the world, they will have access to home loan financing through a decentralized, open market network on the Viva Platform.
Also, Viva's function as an investment and savings platform that can only be accessed by mobile means that all Viva users will have access to credit financing, savings and investment accounts, as well as secure transaction services that are supported by standard blockchain regardless of the country they live in.
PROBLEM
Getting a mortgage is very challenging and frustrating for many individuals who deserve credit throughout the world, often even impossible. Also, the profit model behind the mortgage loan and the Mortgage Backed Securities is one of the most tempting business models.
Nevertheless, all banking companies around the world will consistently exploit consumers by manipulating prices, collusion and even manipulating interest rates. This highly centralized authority is irresponsible, and we firmly believe that this advantage belongs to consumers - home buyers and investors - not intermediaries (banks).
SOLUTION
Viva as a hybrid blockchain protocol introduces new options for consumers around the world to finance their homes - the free market.
We will eliminate the obstacles that are in their decades to enter the securitization industry by introducing the Peer to Peer Platform Mortgage Financing & Tokenized Mortgage Exchange for the first time in the world.
For more information, Viva Network Platform has provided White Paper as part of what is defined in the Terms and Conditions as "Project Documentation." This document aims to describe several applications, functions, operations, and use of the Viva Network Platform. The information contained in this document is descriptive, not binding and does not become part of the Terms and Conditions.
Viva Team
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Author: AaXray | Profile: https://bitcointalk.org/