What is Viva Network?
The Viva Network is a decentralized ecosystem that connects mortgage borrowers with global investors within a borderless, blockchain-secured cloud platform. Vivas innovative technology uses Ethereum smart contracts to underwrite and securitize private home loans into Fractionalized Mortgage Shares (FMS) which can easily be bought and sold on the Viva FMS Exchange (a Secondary Market Exchange) application. Using Fractionalized Mortgage Shares, The Viva Network allows investors to crowdfund mortgages of home buyers from anywhere in the world, making the process quicker and easier for homebuyers. With the ability to efficiently access the free market, both parties will now be able to capitalize on international interest rate arbitrage and obtain lower interest rate mortgages and higher returns on investments.
What value does Viva Network provide?
Viva Network enables the free market to determine the rate of interest on a borrowers mortgage and removes the need for banks and other financial intermediaries. A massive $31Trillion global industry, the mortgage industry is outdated and ripe for a disruption. By eliminating inefficiencies in local financial systems, mortgage rates will more fairly and accurately reflect the level of risk associated with the assets true value.
Viva Network Team