Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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Moon Mortgage, a lending platform that allows real estate property buyers to use their cryptocurrency holdings as collateral for 100% financing, has raked in $3.5 million in seed funding. So reports CoinDesk.
“Historically, to buy a home [cryptocurrency investors] would have had to liquidate their assets, lose their upside and get hit with a massive tax bill,” said Aaron Nevin, CEO and co-founder of Moon Mortgage, according to the article.
The startup is poised to roll out its mortgage lending product, CryptoMortgage, for home buyers in Texas, Florida and Colorado at first.
