Thinkmint has officially launched Green Mortgage, Nigeria’s first online mortgage processing and approval platform, aimed at simplifying homeownership through seamless digital solutions.
Following a successful beta phase involving over 20 mortgage companies and the Family Homes Funds, Green Mortgage integrates loan origination and documentation systems into a single platform.
The innovation is set to transform the mortgage process, reducing paperwork, approval delays, and inefficiencies that have long plagued the industry.
“With Green Mortgage, we’ve merged loan origination and documentation into one streamlined system, enhancing the mortgage journey for both borrowers and originators,” said Imelda Usoro Olaoye, Co-founder and Chief Business Officer (CBO).
“We’ve helped thousands navigate the complexities of securing mortgages and saw firsthand the frustrations caused by excessive paperwork, unclear interest rates, and slow processing times. This platform is designed to solve these problems, offering a seamless, modern solution for the entire industry.”
Co-founder and Chief Strategy Officer (CSO), Noah Ibrahim, emphasized the platform’s potential impact on housing development in Nigeria. “As a real estate developer, I’ve seen the challenges in mortgage facilitation. An efficient mortgage ecosystem is crucial for timely project delivery and reducing the country’s housing deficit. The industry has struggled with outdated and disconnected systems, leading to high costs and inefficiencies. Green Mortgage directly addresses these issues by simplifying the process, improving productivity, and cutting costs.”
Key Features of Green Mortgage:
•Competitive Interest Rates – Affordable rates to make homeownership accessible.
•Flexible Payment Options – Tailored repayment plans to suit different financial situations.
•Easy Application Process – Minimal paperwork and a user-friendly interface.
•Faster Approval Time – Expedited mortgage approvals to accelerate homeownership.
•Exclusive Partnerships – Special deals and discounts from trusted real estate partners.
Following two successful investment pitches in October 2024, Green Mortgage secured a $100,000 pre-seed fund to support its mission of automating mortgage origination. The platform aims to enhance efficiency, reduce costs, and minimize errors, ultimately improving the experience for both borrowers and industry professionals.
“My experience in real estate marketing, where we’ve facilitated transactions worth billions of Naira since 2020, has given me deep insights into the mortgage sector’s challenges,” added Olaoye, who is also the Founder and CEO of Thinkmint Nigeria. “With Green Mortgage, we are bringing mortgage origination into the modern age, offering a streamlined, digital-first approach.”
For more information or to schedule a demo, visit www.greenmortgage.thinkmint.ng.
