[ANN] [BTO] Bee App; The World's First Mortgage Backed Token

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BEE APP
The World’s First Mortgage Backed Token
https://www.beeappbuzz.com/

ABOUT BEE APP TOKEN:
BTO is collateralized by real world underlying source assets. Bee lending channel ownership ensures key inter-parry cooperation. Bee has a multi-purpose value function for every borrower, consumer, bearer, and vendor. BTO can be redeemed for down payment and is the first token backed by a mortgage note. Bee is developing a first-of-its-kind consumer facing mobile application that will provide decentralized mobility for the entire loan life cycle and customer experience.

SAFE, RELIABLE, AND SCALEABLE.
The Bee Application will provide more affordable and convenient home loans than other lenders by targeting a couple primary areas where modern day home loaning can use great improvement. Automation being the first area of improvement where the Bee App can eliminate the need of using 6 employees such as a loan officer, processor, and support staff are cut out due to technological automation and innovation. The next area of improvement would be utilizing Blockchain technology, The Bee App Token has a more fluid and transparent flow of data which helps overall efficiency.

WEBSITE: https://www.beeappbuzz.com/
TWITTER: https://twitter.com/officialbeeapp
TELEGRAM: https://t.me/BeeApp_BTO
YOUTUBE: https://www.youtube.com/channel/UChJAk7xCM-NyMyLf0cVFNpQ?view_as=subscriber

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Traditional systems in mortgage services continue to break down, companies will soon reach to seek a blockchain backed mortgage solution, and they will come buzzing to The Bee App ($BTO).

Home prices climb higher and squeeze more 750 FICO, good income/asset borrowers out of the market because their DTI is now over 45 - 50%

"Mortgage applications to refinance a home have been falling, and they continued the downward trend, dipping 5% to the previous week to the lowest point since December 2000"

Quote from article here about falling mortgage applications: https://[Suspicious link removed]/8d4RwR

Bee App Tweet: https://twitter.com/OfficialBeeApp/status/1027937046952902658

$BTO website: https://www.beeappbuzz.com/

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Human error caused by lack of lender technology systems advances, poor inter-party communication and centralization is the #1 problem.

Mobile automation and blockchain technology solve these problems.

https://twitter.com/OfficialBeeApp/status/1028259701337804800

$BTO website:https://www.beeappbuzz.com/token

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“Higher housing costs, lagging construction, and the rise of high-end single-family #homes has made affordablehousing a big challenge for Colorado, a state that is otherwise outpacing the rest of the nation economically.”

Article in tweet: https://twitter.com/OfficialBeeApp/status/1028261134527352832

$BTO website: https://www.beeappbuzz.com/

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“It will likely take many years, if ever, for it [homeownership] to get back," ⁦Zillow⁩ Senior Economist Aaron Terrazas

Link to tweet: https://twitter.com/OfficialBeeApp/status/1028262845530742785

$BTO website: https://www.beeappbuzz.com/

[cryptoblackhat]

Creating a token backed by mortgages sounds like a dangerous idea, especially in today's climate where the economy is quite volatile and defaulting on loans tends to happen far more than typical models would predict.

What systems are in place to prevent this token from relying on "bad debt" and ending up in a situation where there is insufficient real-world capital to back the tokens?

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Check out Bee App CEO Curtis Wood answer some common questions

https://www.youtube.com/watch?v=dM6SBNnpphw

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"Despite a booming economy, many Americans are having trouble paying credit card bills, industry observers warn."

The time for Bee App has never been better.

Link to article: https://nypost.com/2018/08/11/more-americans-are-defaulting-on-their-credit-cards-analyst/?utm_campaign=applenews&utm_medium=inline&utm_source=applenews

[bturner8]

Creating a token backed by mortgages sounds like a dangerous idea, especially in today's climate where the economy is quite volatile and defaulting on loans tends to happen far more than typical models would predict.

What systems are in place to prevent this token from relying on "bad debt" and ending up in a situation where there is insufficient real-world capital to back the tokens?

Response to your question:

We agree with your first point about poor default prediction which is why we have stricter credit qualifying policies than GSEs and other lender overlays.

The demand for greater mobile financial access solutions will continue to grow and unlike Dodd-Frank that caused a lot more problems than it solved, mobile automation on the blockchain solves a lot more problems (human error, data security, data process validation, lowers costs) than it creates.

Mobile automation simply gives consumers the ability to complete on their phone all the same steps they would normally complete with 3 - 4 different human beings over the phone. A lot of this information consumers already provide to other companies on their smartphones when transacting with them.

Managing the data shared across the blockchain ensures data integrity and dramatically reduces human errors. Loan file data validation is already being completed by GSEs underwriting platforms on a centralized system so this is nothing new. All Bee App will be doing is utilizing the blockchain for validation instead of the GSEs platforms (unless Bee App chooses to write a loan based on DU/LP approval then that file would be run through their UW system and therefore insurable for delivery to the GSE in a capital needs event).

On your second question, every lender has the same potential capital problem. However, with our enhanced credit policies and advanced technology (back end architecture), our model reduces our exposure to bad debt. No lender, including ourselves, can completely absolve themselves of this position. This is a natural part of lending and risk management however our new tech doesn't expand that risk, it reduces it. We don't believe the same amount of bad debt that rekted the market 10 years ago exists today because that level of sub-prime origination fraud doesn't exist anymore. Eliminating that was the one of the best things Dodd-Frank did.

The token itself being "backed by a mortgage" simply means that our ecosystem data that's shared on the blockchain is the mortgage file loan docs. That loan agreement represents a collatoralized debt obligation by the borrower and is secured by the home and property asset.

These docs are no different than the docs any other lender executes origination and settlement with. The different is the shared data management of the information across the blockchain by each authorized party transacting within the Bee App lending channel instead of having it centrally controlled. 

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We’re building the first mobile mortgage app powered by blockchain and every Millennial and others looking for a home loan on the smartphone.

fundstrat says millennials are largest population cohort ever.

They’re entering their peak income and home buying years.

They adopted Robinhood App in a well established brokerage market super duper fast.

I wonder how they’ll like the first fully mobile mortgage app?

https://www.beeappbuzz.com/

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Bee App’s dynamic mobile automation improves the home buying experience.

CASE: In-app pre-approval.

- Loan application completed
- Income/Assets electronically verified
- Finger tap eSign BB & 4506T
- Commitment Letter issued to Borrower and Realtor

Done.

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“The trouble stems from weakening home affordability and a supply-demand imbalance.

“Home prices continue to soar, but the supply of homes for sale, while increasing very slightly each month, is still quite low, especially at the entry level.”

Link to article: https:/[Suspicious link removed]/QWvKqhuPfn

Link to tweet: https://twitter.com/officialbeeapp/status/1029735144301715456?s=12

$BTO website: https://www.beeappbuzz.com/

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CEO Curtis Wood:

"I got a few more questions about work flow and wanted to share with you'll.

There's a growing demand for eMortgages. Certain technologies have already been developed or are being developed to facilitate a paperless mortgage work flow. We are exploring the feasibility to either build or integrate already established solutions at various stages that support our goal of a fully mobile mortgage experience.

Bee's overall ground-up Mobile development focusing on automation and blockchain integration will advance the mortgage process at almost every stage and most importantly, improve the customer experience by offering mobile lending with lower rates.

As far as we now know, one such technology that is NOT being developed by anyone other than the Beeteam is the mobile mortgage app and the ability to begin and end the loan life cycle all from a mobile device.

There are other document solutions that offer mobile connectivity to lenders but do not provide a fully mobile mortgage experience. These various solutions must integrate with the lender's current LOS so if the lender does not offer a mobile application for the entire origination work flow these document solutions will be integrated with aging platforms and will not be mobile friendly.

Our mobile app combined with an eClosing ability will shorten origination and settlement producing material savings in an industry high loan production cost environment. With Bee's in-app eClosing capability we anticipate closing time will be reduced from around 60 - 90 minutes to around 15 - 20 minutes. Bee App will also offer a hybird electronic/wet-sign closing functionality if required, and facilitate traditional closing if needed.

There are certain platform actions that are standard throughout the industry such as automatic document audits executed by a back end compliance engine against laws and regs ensuring fulfillment compliance.

Bee automation will execute delivery of MISMO SMARTdoc eNote via direct connectivity to MERS eRegistry. Bee will also house a secure eVault for long-term storage (and eDelivery if needed if loans are off loaded to the secondary market) with a featured audit trail demonstrating proof of compliance.

Not wanting to tie up Borrower smartphone data, disclosed docs will not be stored in-app but in eVault and will be accessible to the Borrower at any point via download.

Bee's digital mortgage platform will

- Provide Borrowers instant real-time access to their loan status in the mobile environment.
- Receive key loan process updates via push notifications and alerts.
- In-app instant messaging with Beeops (with ability to attach and upload docs directly to loan file) will reduce calls and emails to support staff.
- Securely store encrypted data on the blockchain.
- Allow for the sharing of data on the blockchain ensuring key parties are working an up-to-date copy of the file reducing errors.
- Improve data and document integrity, lessen errors and omissions, provide remote settlement options."

[doducanh]

Thank you for supporting our project Smiley. You are completely right! The CINDX platform will allow you to have full control of your funds

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“The [price] cuts are a sign that after years of juggernaut-level price growth, home value growth could be slowing.”

https:/[Suspicious link removed]/KgfcVWPhWg

Link to tweet: https://twitter.com/OfficialBeeApp/status/1031513153161633792

$BTO website: https://www.beeappbuzz.com/

[bturner8]

So, industry experts are saying Millennials want a “seamless, efficient, and digital-friendly mortgage experience”

Sounds a lot like Bee’s eMortgage MobileApp

Link to tweet: https://twitter.com/OfficialBeeApp/status/1031522317975937025

$BTO website: https://www.beeappbuzz.com/

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Incredible demographic coming up AFTER Millennials: GenZ

If we thought Millennials easily adopted iPhone mobile fintech reliance, GenZ grew up with the tech.

There was no adoption cycle for them.

It’s engrained in their social upbringing DNA.

Link to tweet: https://twitter.com/BeeAppCEO/status/1031918690898509824

Link to article: https:/[Suspicious link removed]/6PlXyAkL4n

$BTO website: https://www.beeappbuzz.com/

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“Economic growth to continue surge through 2019”

...along with

- interestrates

- household creditcard rates/balances/payments

- homebuying cost

Sorry household Income but you’re not invited to this surge party.

Link to tweet: https://twitter.com/KristinMScheure/status/1031882946301624320

Link to article: https://www.housingwire.com/articles/46516-economic-growth-to-continue-surge-through-2019

$BTO website: https://www.beeappbuzz.com/

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“Housing is back but the American dream isn’t
surging”

Link to tweet: https://twitter.com/OfficialBeeApp/status/1031952151965302784

Link to article: https:/[Suspicious link removed]/h2p2789WpL

$BTO website: https://www.beeappbuzz.com/

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Bee App Co-founder & COO Cynthia Wood (@womenofcrypto) sitting down Leslie Ankney (@CryptoLeslie) of @Forbes crypto markets discussing how Bee App’s new blockchain powered eMortgage app will disrupt lending.

Segment to air soon!

#beeteam

Link to tweet: https://twitter.com/OfficialBeeApp/status/1033443215117099008

$BTO Website: https://www.beeappbuzz.com/