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Friday, May 11, 2018

HOMELEND - Creating An Interface For Direct Interaction Between Borrowers, Lenders And Other Parties Involved In A Mortgage Value Chain



Hello everyone in this Blog I will review about Homelend project, and here is the discussion:

Blockchain technology is more than Bitcoin that you buy and sell for profit. It can touch our daily lives. It can bring about social change. This can benefit everyone in the ecosystem.

I would like to share the blockchain projects that are implemented in everyday life and bring back to the participants.

What is Homelend?

Homelend is an Israeli startup that uses the power of Blockchain technology to disrupt the global mortgage industry by $ 31 trillion. Our company is developing a P2P loan platform for mortgage lending, under a crowdfunding mechanism that will allow individuals to fund / invest in mortgage lending, using smart contracts and fully automatic Blockchain protocols. In the coming months, we will launch ICO to be carried out from Zug, Switzerland (aka Crypto-Valley), under the highest security and trust standards.

MORTGAGE LOANS ARE IN SIGNIFICANT SIGNS

Owning a home is one of the basic human needs - the need most people can only afford by taking out a mortgage loan from a bank. In the US alone, more than 8 million mortgage loans are granted every year.

AN ARCHAIC $ 31 TRILLION OF YEARNING INDUSTRY FOR INTERRUPTION

The US mortgage market is worth $ 14 trillion, and the global market is expected to reach $ 31 trillion by the end of 2018. However, regardless of how socially and economically the market is, the traditional mortgage lending system remains very primitive.

This system relies on a long and complex paper-based process involving various intermediaries - a process loaded with inefficiency and overhead for borrowers and lenders. In addition, most mortgage loans are not affordable for a new generation of young borrowers, including millions of credit worthy individuals from getting a home loan because of the outdated assessment criteria.

HOMELEND ADVANTAGES

From manual & length, to efficient & efficient

By embedding predefined business logic into smart contracts, digitizing documentation and eliminating unnecessary processes, Homelend will automatically initiate end-to-end origination, cutting it from 50 days to less than 20.

Starting from Intermediation Fee, Cost-Effective & Free-Middleman

The firmness, security and transparency provided by DLT makes it possible to record transactions, including loans, without the bank acting as an intermediary. This will reduce the costs to borrowers and lenders, while minimizing the distance between them.

From Ambigu & Clunky to Transparent & User-Friendly

Homelend aims to create a loan process that is not only smart, but also simple and fair. This will allow borrowers to be able to easily apply for loans, track the status of their application at any time and interact directly with mortgage lenders.

From Vulnerable & Unreliable to Trusted & Safe

Centralized and paper-based processes are the key factors behind the insecurity and vulnerability that characterize the traditional mortgage industry. The unique characteristics of DLT and smart contracts allow Homelend to provide a platform for people to transact large sums of money in a trustworthy, transparent, and secure way.

What Homelend Is it a Problem to Solve?

Applying for a mortgage the traditional way is a complicated undertaking. At the same time, with the shade being an essential element for mankind and survival, the increasing complications in mortgage acquisition approval are quite ironic. Getting your own home through a mortgage loan involves a legal agreement in which the bank lends money at interest, and guarantees loans with liens on purchased property (mortgages). Lien is present until the total payment of debt.

Implementing the above system requires many processes that determine the security of the loan involved. Therefore, many documents work, involving networks of several different actors and platforms. All of these practices lead to the collection of provable information about the parties involved, especially the borrowers and all intermediaries connected. Therefore, many investigations and data analyzes are usually involved, claiming significant time durations and other resources, as is possible.

The Wall Street Journal is announcing a new housing crisis: home shortages and first-time buyer loans. Homelend can solve half of this problem, and it's important that they do.

How does Homelend work?

Homelend is developing the Decentralized, Peer-To-Peer Mortgage Lending Platform to modernize the old mortgage lending system to make it efficient, cost-effective and customercentric, and also to expand home ownership opportunities for new breeders of borrowers, meet their different lifestyles and needs.

By utilizing distributed ledger (DLT) and smart contracting technologies, Homelend brings together individual borrowers and lenders on an end-to-end platform that simplifies and automates the entire process of mortgage origination.

HMD Token

HMD tokens will be used to purchase services and pay fees in the Homelend platform. This token is based on the ERC-20 Ethereum standard. DMC Homelend AG was founded in Zug, Switzerland, aka 'Crypto Valley'. Initial Coin Offering (ICO) will be conducted based on Swiss regulatory guidelines and publications.

The purchase of ICO Homelend pre-sale is in progress!

  • Token Symbol: HMD
  • Pre-ICO Start Date: March 1, 2018
  • Pre-ICO Conversion: 1 ETH = 1600 HMD
  • Hard Cap: $ 30 million USD
  • Total Supply: 250 million HMD tokens
Distribution of Supply

  • 36% Crowdsale
  • 20% For teams, initial buyers and project advisors.
  • 8% Advisor + Bounty gift
  • 8% Founder
ROADMAP


For more information :


The bitcointalk name: Icaica22

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