VITA Homes, Game Changer of The Mortgage Industry

The mortgage industry is starting to get the blockchain bug, as new decentralized platforms have been developed to make it simpler for individuals to effectively get real estate credits. Normally, with the local mortgaging system, it is generally a serious problems trying to secure mortgage for properties, and this has caused some type of friction between the institutions that control the mortgage industry and buyers. Besides, it appears mortgages were made for just the rich, as it generally appears as if they have simple access to credits. Individuals who truly need credits normally don't get the terms they want or need, and individuals who might get those terms, needn't the credit.

VITA platform may not have every one of the solutions for the different issues tormenting the mortgage industry, however it can at the very least start addressing these issues one after the others.

ABOUT VITA PROJECT
VITA was developed to be the first Smart Mortgage providers with transparency, dynamic, stress-free and oversimplified underwriting processes for first time purchasers purchasing a home. At VITA, our approach will crush all the local obsolete methods utilized by conventional mortgage lending and home ownership.

THE VITA MARKETPLACE
Both the VITA App and VITA HOMES site (www.vita.homes) will be readily available online for prospective home buyers to apply, view and buy a property directly from the seller or make a request to view any available property for sell without any need for middlemen.

The VITA app will likewise be utilized by users to make payment for all services or products via VITA tokens or fiat currency.

VITA platform is a one-stop place for users to purchase their first home, the platform is completely integrated and users-friendly to give users the most oversimplified processes of purchasing their first home. VITA app will be available on iOS and android compatible devices.

THE PROBLEM WITH MORTGAGES
One of the real challenges faced by the industry is a lack transparency, and VITA Homes decentralizes the present mortgage model, and thus, decentralizes how transaction data are store. With a decentralized system, banks and organizations are deprived of the ability to manipulate information/data, or engage in fraudulence exercises with data. The data is shared over the whole blockchain network, without a central figure meddling or overseeing the processes. Each transaction that happens on the blockchain network, becomes a public record, stored in a public ledger and can't be modified or altered.

ACCELERATING THE UNDERWRITING PROCESS
Breaking down of the lending processes is another area that VITA Homes changed. Right now, the processes for mortgage endorsement normal costs huge amount of money, as there are underwriting fees, legal fees, levies, and more expenses to be paid as part of the mortgage processing. With the development of VITA platform using smart contracts, such middlemen and third parties are useless, in this manner lessening expenses and time taken. The process of underwriting mortgage can take somewhere in the range of 24–48 days, and cost both the individual applying for the loan and the establishments that are checking the information thousands of dollars.

SIMPLIFYING THE PROCESS USING BLOCKCHAIN TECHNOLOGY
Blockchain based new companies like VITA Homes are utilizing blockchain technology to transform the mortgage industry and help individuals to crowdfund their mortgage without depending on banks.

The team behind VITA Homes plans to open up new peer-to-peer financing and investment opportunities, offer better data management, and automate complex business processes using smart contracts.

The platform will likewise offer individuals the opportunity to finance the credits of other customers and get an anticipated return on their investments. All activities will be done on a single platform.

MARKET SIZE OF THE GLOBAL MORTGAGE INDUSTRY
The world mortgage market is estimated to be around $31,097.1bn in 2018, representing a compound yearly growth rate (CAGR) of 3.9% by the end of last year.

As less developed countries of the world keep modernizing and prosper, a huge consumer market for home loans has been established which implies that regardless of the global slow growth, the world mortgage market has maintain growth.

VITA TOKEN ECONOMY
VITA Crypto tokens will be launched on the Ethereum platform. The Vita token will be compatible with third parties wallets, exchanges and so forth and gives simple to-utilize integration.

TOKEN DETAILS
Token Name: VITA
Token Symbol: Vita
Pre ICO Price: 1ETH = 1500 VITA
Price: 1 VITA = 0.13USD
Payments received: ETH, BTC
Minimum investment: $25/£30
Soft cap: 100 000 EUR
Hard cap: 16 000 000 EUR

ROADMAP

TEAM

PARTNERSHIP

More informations:

Website: http://www.lifevita.io/
ANN: https://bitcointalk.org/index.php?topic=5180556.msg52322814#msg52322814
Whitepaper: http://www.lifevita.io/VWP.pdf
Twitter: https://twitter.com/Vita_Token
Facebook: https://www.facebook.com/VITA-Token-422759604994205
Telegram: https://t.me/vitacommunity
Reddit: https://www.reddit.com/r/VitaToken/

Author:
Bitcointalk Username:Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
Eth Address: 0xf8c20030A71708E73D58Ab3900629F17B8875da5