Green Mortgage inaugurates Nigeria’s first online mortgage processing, approval platform

Green Mortgage, Nigeria’s first fully online mortgage processing and approval platform, has officially launched, revolutionizing homeownership accessibility in the country.

This groundbreaking platform follows a successful beta phase involving over 20 mortgage companies and the Family Homes Funds, signaling a major shift in how Nigerians access home financing.

According to Imelda Usoro Olaoye, Co-founder and Chief Business Officer of Green Mortgage, the platform was developed to address longstanding inefficiencies in Nigeria’s mortgage industry.

She noted that after helping thousands of people secure mortgages through Thinkmint Nigeria, the team gained firsthand insights into the common challenges borrowers faced; like cumbersome paperwork, unclear interest rates, and prolonged processing times.

According to her, in recognition of the need for a seamless and efficient mortgage process, Green Mortgage was designed to integrate Loan Origination Systems (LOS) and Documentation Systems into a single, user-friendly platform.

“With Green Mortgage, we have combined LOS and Documentation processes into one streamlined system, improving the entire mortgage journey for both borrowers and originators. The mortgage industry has long struggled with disjointed systems that complicate loan processing, making home financing a frustrating experience. Green Mortgage is here to change that,” Olaoye stated.

Olaoye, who is also the founder and CEO of Thinkmint Nigeria, highlighted how her deep industry knowledge, gained from running one of Nigeria’s fastest-growing real estate marketing platforms, uniquely positions her as a key player in this transformation.

“With Green Mortgage, we are proud to be at the forefront of change, providing a much-needed solution that simplifies mortgage applications, enhances transparency, and brings loan origination into the modern age. The future of homeownership in Nigeria is digital, and Green Mortgage is leading the way,” she concluded.

For Noah Ibrahim, Co-founder and Chief Strategy Officer, the launch of Green Mortgage represents a much-needed intervention in Nigeria’s housing sector.

As a seasoned real estate developer, he noted the difficulties many Nigerians face in securing home loans, as well as the delays developers encounter due to financing bottlenecks, emphasizing that an effective mortgage ecosystem would not only make homeownership more attainable but also ensure the timely delivery of housing projects, helping to reduce the nation’s growing housing deficit.

“I have never been as excited about a product as I am about Green Mortgage. For years, the mortgage industry has relied on outdated, disconnected systems that require professionals to juggle multiple tools just to manage a single loan.

“This inefficiency drives up costs and creates unnecessary delays for both lenders and borrowers. Green Mortgage changes the game by automating complex processes, reducing costs for originators, and ultimately providing a better experience for consumers,” Ibrahim explained.

Green Mortgage offers a modern approach to home financing, ensuring borrowers can access competitive interest rates, flexible repayment plans, and faster approval times without the burden of excessive paperwork. The platform also provides access to exclusive partnerships with trusted real estate companies, further enhancing affordability and accessibility.

Following two successful investor pitches in October 2024, Green Mortgage secured $100,000 in pre-seed funding, reinforcing its position as a game-changer in the mortgage landscape.

With advanced automation features that minimize errors and streamline workflows, the platform is set to redefine mortgage origination in Nigeria.

Green Mortgage is Nigeria’s first online mortgage processing and approval platform, is designed to simplify home financing through technology and automation.

By bridging the gap between mortgage lenders and homebuyers, the platform ensures a seamless, efficient, and transparent mortgage application process.