Bee Mortgage App, a U.S.-based mortgage mobile app, announced on Thursday it has extended its RegCF raise on Fundopolis, a recently approved funding portal. Founded in 2019, Bee Mortgage App claims to be the first eMortgage mobile app powered by VLO, a virtual loan officer. Its mission is to make homeownership more affordable by combining its team’s experience in mobile app development, mortgage loan origination, and blockchain automation.
“Unlike other LOS applications that are not mobile or blockchain centric, Bee Mortgage App is built from the ground up based on two core engineering and disruptive principles: complete mobile accessibility and blockchain automation. By transferring key, data driven credit approval tasks for a W2 borrower to individual loan product smart contracts, Bee Mortgage App is able to triple production capacity while maintaining cost thereby lowering the mortgage qualification threshold.”
Originally seeking $50,000, The RegCF campaign has successfully secured more than $150,000 from over 50 Fundopolis investors. Speaking about the campaign’s extension, Founder and CEO of Bee Mortgage App, Curtis Wood, stated:
“We’re encouraged by the fact that some of the most successful companies in history started in challenging economic times. Expanding in a downturn will leave us better positioned in the future when the market turns around.”
Funds from the Fundopolis round will be used to continue the growth and development of the Bee Mortgage App platform. The campaign is set to close at the end of April.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!