Viva Network as a credit operator. How Viva works. Platform Advantages

The cloud platform Viva Network is a credit operator that connects mortgage borrowers with large investors from around the world without the participation of banks, notaries, lawyers and real estate agencies. Thanks to this, investors will have access to more profitable investments, and borrowers to more favorable lending conditions.

How Viva works:

Case for borrowers. Let's say a person is looking for money to buy his dream home in Berlin. Local banks offer mortgages at 10-15% per annum and still need to wait a few months to check and document all the necessary documents. It is expensive, difficult and long. But there is another option: a person can apply to Viva Network.

The borrower applies for a mortgage and passes the solvency check procedure from a certified intermediary. If everything is fine, he gets permission to place an application on the site and looks at who of the investors is ready to lend and on what terms. After choosing the best option, a mortgage smart contract is drawn up and the borrower receives a frat money. Case for private and institutional investors. Anyone can become that investor who will provide a loan to the borrower in the first case. If we take into account the absence of intermediaries in the form of banks, notaries and realtors, then the income from such an investment will be 7-10%. A case for mortgage arbitration. Conventional credit arbitrage in Switzerland gives loans at 2% per annum to reliable, trusted clients, which gives a small profit with a minimum amount of non-refund. On Viva Network, such organizations will be able to issue loans at 7-12%, choosing the same reliable borrowers around the world, without neglecting their selection criteria.

The advantages of the project:

• Lower mortgage rates are available for home buyers. Borrowers will be fought not only by local players, but also by investors from around the world, where 5-7% of annual income is very high.
• Speed, simplicity and transparency. Blockchain and smart contracts optimize and accelerate the process, making it transparent and reliable.
• A hybrid, user-friendly platform.
• Loans for mortgages are issued by fiat money, not by crypto currency.
• For investors, increased profitability with less risk. Due to the global nature of Viva, Western investors will be able to lend to reliable borrowers around the world who are willing to pay more than in the West, but less than the banks in their country require.
• Safety and confidence. All borrowers will be tested, and transactions will be formalized through smart contracts, where it is possible to prescribe guarantees to investors (for example, the transfer of ownership rights to housing for chronic non-payment).
• Liquidity. Investors will be able to sell each other mortgage loans, as if it is gold or shares (this does not affect the mortgage for the borrower).