Brightvine

The Brightvine Portal is a secure management platform designed for conducting primary offerings of fixed income products. According to the vendor, it provides a seamless and real-time sharing of validated data and documents with all stakeholders and investors involved in the offering. This solution is aimed at loan originators, asset managers, broker dealers, mortgage industry professionals, and financial institutions of any size.

Key Features

Brightvine Digital Imprints (“BDI”): According to the vendor, Brightvine creates proprietary digital representations of loan or security records on a distributed ledger, allowing real-time tracking and validation of servicing data, transaction history, documents, and amendments.

Instantly Verifiable Document Repository: The platform offers a secure document repository that enables loan originators, asset managers, and broker dealers to share validated data and documents in real-time with all stakeholders and investors, ensuring access to the most up-to-date information.

Blockchain Validated Digital Loan Tapes: According to the vendor, the platform includes blockchain validated digital loan tapes that contain comprehensive and validated information, facilitating efficient and accurate sharing of data between parties during securitizations or sales.

Securitization & Loan Pool Sales: The platform aims to streamline the securitization and loan pool sales process by enabling the seamless sharing of validated data and documents with stakeholders and investors involved in the offering, with the goal of improving data accuracy and execution speed.

Inter-company Communications: The platform aims to address the challenge of difficult inter-company communications during the closing process, with the goal of reducing delays and errors that can occur.

Real-time Data and Document Sharing: According to the vendor, Brightvine Portal eliminates the need for manual transmission of data and documents, providing a secure platform for real-time sharing, with the aim of reducing errors and improving efficiency.

Audit Cost Reduction: The platform aims to automate the validation of loan tapes and provide a secure repository for documents, with the goal of reducing the need for manual audits, resulting in potential cost savings for financial institutions.

Efficient Transfer and Storage of Loan Files: According to the vendor, the platform eliminates the need for paper loan files to be physically transferred, reviewed, and stored, with the aim of reducing inefficiencies and potential errors.

Improved Data Accuracy: According to the vendor, Brightvine Portal aims to improve data accuracy by providing real-time validation and tracking of loan and security records, with the goal of reducing the risk of incomplete or inaccurate information during securitizations or sales.