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Viva Network
P2P Mortgage Lending
Viva is a transformative financial technology that introduces globally scalable, peer to peer mortgage financing to the world. Viva’s Mortgage Platform and Tokenized Mortgage Exchange connect borrowers directly with lenders, while introduce liquidity, diversification, transparency and security to private mortgage investing, for the first time.
Viva enables a free market to determine the rate of interest on a borrower’s mortgage and removes the need for banks and other financial intermediaries. By eliminating inefficiencies in local financial systems, mortgage rates will more fairly and accurately reflect the level of risk associated with the asset’s true value.
The failure of the banking system in 2008 yielded the world’s first ever cryptocurrency and began the process of decentralizing the power held by financial conglomerates. Viva intends to finish the job – by leaving the inefficient, centuries-old financing system where it truly belongs: in the past.
Viva aims to revolutionize the antiquated mortgage lending industry by cutting out the middlemen and decentralizing the process, thereby applying a fundamentally more accessible and transparent approach to financing. We believe that Viva’s technology will increase the availability of credit for borrowers and for the first time allow non-institutional investors to participate in the consistent, asset-backed returns associated with mortgage investments, a product that has traditionally been reserved solely for large financial institutions.
Furthermore, by allowing the free market to dictate the risk and associated value of each mortgage - as opposed to a bank - we expect to see more fairly priced mortgages. The Viva platform will be leveraged by those in the developed and developing worlds alike, thereby enabling the world to take a large step toward geographical wealth equality - by breaking down the barriers and leaving both parties better off.
Viva’s mission is to disrupt the mortgage industry by allowing home buyers and sellers to set the terms themselves. Any individual, from any country in the world, will have access to credit financing for home loans via a decentralized, open market network on the Viva Platform.
Additionally, Viva’s function as an investment and savings platform accessible with just a mobile phone means all users of Viva will have access to credit financing, a savings and investment account, and standard blockchain-backed secure transaction services - regardless of what country they live in.
ico advisor and investor Rated on May 13, 2018 Modified on Jul 19, 2018
5
4
5
18%
Strong numerous and dedicated team. The whipepaper needs more details about the legal environment. MVP available. Also their hardcap seems too big presently.
Group CEO | Blockchain Entrepreneur | VeChain ICO Partner | Fund Partner | Exchange Founder | Singapore Rated on Sep 1, 2018
4
4
4
18%
Good commercial project with a strong viability in the market. This has a strong blockchain use case. The ambition of what Viva is trying to achieve needs to be matched with flawless execution.
Blockchain Consultant, MBA, LSSGB, Former USA Financial Advisor, Insurance Agent Rated on May 19, 2018
3
3
3
12%
In my opinion, this seems like an attempt to break down barriers of a third party system which is interesting but I think it starts to reach in uncharted waters. Investing in mortgages can have huge risks, especially unique laws in all over the world. On page 18 it states that age is a criteria of of creditworthiness, to which I would disagree with. When speaking of investment accounts regardless of the country you live in is also concerning for me since there are multiple countries that have trade restrictions, and also regulations. I think this may be trying to take on to large of a task initially.
*Please see my profile for disclosures
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant Rated on Jun 5, 2018
3
4
3
11%
The vision is great but there are tons of hurdles here that are not being accounted for.
what happens in the case of default, bankruptcy, liquidation events? How are these going to affect collateralized debt obligations, MBS and overall mortgage securitization which is a big market, selling collateralized debt by big institutions? I know you descrie the concept of the FMS, but this will not replace a huge CDO market.
The WP is sound, very well done and thoughtfully laid out which is great to see. I see a lot of projects with half-ass whitepapers
I see the main purpose of the VIva token as a security required by holders to receive cashflows from loans.
Very ambitious project, a lot of redtape to cut through that could stop progress at any point, especially with security regulators, real esate regulations, mortgage regulations, a lot to tackle
KYC passed which is great
Good luck with the project but i see it as highly risky for the early adoptive stages of blockchain technology. This may be a bit too early for its time in my opinion.
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