Green Mortgage Set To Simplify Mortgage Processing In Nigeria

 Eniola Ajose 

Green Mortgage has officially launched as Nigeria’s first online platform for mortgage processing and approval, marking a significant step toward simplifying home ownership in the country. 

Green Mortgage Set To Simplify Mortgage Processing In Nigeria

Building on a successful beta phase with over 20 mortgage companies and the Family Homes Funds, the platform integrates loan origination and documentation systems into a single, streamlined experience for both borrowers and mortgage professionals.

Speaking with newsmen in Lagos recently, the co-founder and CBO Imelda Usoro Olaoye emphasized that Green Mortgage was developed to address the complexities and frustrations commonly associated with mortgage systems, including excessive paperwork and unclear interest rates. "With Green Mortgage, we’ve combined LOS & Documentation processes into a single, streamlined platform, enhancing the entire mortgage journey for mortgage originators and borrowers alike.”

He added: “By helping thousands of people secure mortgages through www.thinkmint.ng/buyrealestate, we gained deep insights into the often disjointed and complex nature of mortgage systems. We experienced firsthand the frustrations of countless paperwork, unclear interest rates and processing times. Thus Green Mortgage was built to solve these problems by creating a seamless, modern solution for the entire industry — including borrowers and mortgage professionals alike.”

He expressed further, “My deep understanding of the industry, honed through the success of a successful real estate marketing platform which has facilitated several billion Naira real estate transactions, emerging as one of the fastest growing businesses in Nigeria since inception in 2020 uniquely positions me as a partner in this venture to address the complex challenges of mortgage origination.”

Noah Ibrahim, Co-founder and CSO, expressed excitement about Green Mortgage’s potential to unify the mortgage process, thereby reducing costs and improving productivity for both originators and consumers. “I have never been as excited about a product as I am about Green Mortgage. The mortgage industry has long grappled with outdated and disconnected systems, often requiring mortgage professionals to juggle multiple tools to manage a single loan. This disjointed process can result in high costs, inefficiencies and frustration for originators and consumers alike. Green mortgage addresses these challenges head-on by offering a unified platform that simplifies the origination process, enhances productivity and reduces costs.”

Key features of Green Mortgage include competitive interest rates, flexible payment options, an easy application process, faster approval times, and exclusive partnerships that offer special deals on real estate. Following a successful fundraising round, which raised $100,000 in pre-seed funding, Green Mortgage is set to innovate mortgage origination by automating processes, minimizing errors, and enhancing the overall user experience.

With its modern approach, Green Mortgage aims to make owning a home more accessible for aspiring homeowners in Nigeria. 

For more information or to schedule a demo, potential users can visit the platform's website at https://www.thinkmint.ng/buyrealestate.