Mortgage
Luceed securely holds mortgage-related funds until legal and documentation requirements are satisfied. Mortgage transactions involve multiple stakeholders. Luceed ensures funds are disbursed only when all conditions are met.
How It Works
Action
Role
Buyer and Seller set agreement terms on luceed
Buyer deposits funds
Delivery confirmation is automatic once all conditions are met
Acceptance is completed upon fulfilment of set terms
Luceed disburses funds automatically to Seller's preferred payment method
Ideal For
- Lenders
- Borrowers
- Real estate developers
Benefits
- Secure holding of large sums
- Transparent disbursement
- Reduced fraud-risk
Luceed's Role
- Holds funds neutrally
- Releases funds only upon document verification by the buyer
SAMPLE USE CASES
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