Homelend - a blockchain-based, peer-to-peer mortgage lending platform

abiola120 (4)in #ico • 6 years ago (edited)

A mortgage is the biggest, most expensive financial product most people ever take out, so it’s important to understand the terms and pick the right mortgage for you. Also, since a mortgage is ‘secured’ against the property, if you don’t keep up with your mortgage repayments your lender can repossess your home.
Pick the wrong mortgage and you could end up paying £1,000s in unnecessary fees and interest. But finding the right mortgage isn't difficult and once you know the basics the mortgage world will become a lot easier to navigate. and this is where the Homelend project steps in.

What is Homelend Platform?
Homelend P2P platform works by embedding mortgage lending business logic into smart contracts. This is the platform’s core functionality. By creating a set of smart contracts that execute business processes, Homelend allows individuals to borrow money from their peers in a trusted, transparent, and secure way. The key idea is that borrowers and lenders are not linked by means of a financial intermediary (i.e. a bank or a centralized P2P lending platform), but rather by smart contracts that automatically execute a pre-defined business logic.

Homelend is a decentralized platform that will work in mortgage financing. Homelend is use the peer to peer system so they will makes an interaction between the lenders, borrowers and other parties that involved in the mortgage system. By doing so, it will have more advantages there are, the security, transparency, and automation provided by distributed ledger technology (DLT) and smart contracts.

Homelend is an Israeli startup that uses the power of Blockchain technology to break the mortgage industry with $ 31 trillion. Our company is developing a mortgage loan underwriting platform under the community mobilization mechanism, allowing individuals to fund / invest in mortgage loans, use smart contracts and the Blockchain protocol is fully automatic. In the coming months, we will launch ICO made from Zug, Switzerland (aka Crypto-Valley), according to the highest security and reliability standards.

THE ADVANTAGES OF HOMELAND

Streamlined & Efficient
By embedding pre-defined business logic into smart contracts, digitizing documentation and eliminating unnecessarily processes, Homelend will automatically execute an end-to-end origination process, cutting it down from 50 days to less than 20.
Transparent & User-Friendly
Homelend aims to create a lending process that is not only smart, but also simple and fair. It will enable borrowers will be able to easily apply for a loan, track their application status at all times and interact directly with mortgage lenders.
Cost-Effective & Middleman-Free
The immutability, security and transparency provided by DLT makes it possible to record transactions, including loans, without banks acting as middlemen. This will reduce costs for both borrowers and lenders, while minimizing the distance between them.
Trusted & Secure
Centralization 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 enable Homelend to provide a platform for people to transact large amounts of money in a trusted, transparent, and secure way

How Does It Work?

WHAT ARE THE AIM OF HOMELAND
Homelend aims to develop a P2P lending platform that will not only create financing opportunities for millions of financially excluded people, but that will also increase efficiency and speed in the origination process, significantly reducing the amount of time it takes to close a mortgage. As previously discussed, this increased efficiency will be based on the automation provided by smart contracts.

Token Details
Symbol: HMD

Presale: March 1, 2018
Start Token Sale: TBD
End Token Sale: TBD
ICO Price: 1 ETH= 1,600 HMD
Soft Cap: 5,000,000 USD
Hard Cap: 30.000.000 USD
Ethereum ERC20 Platform

Token Allocation

Teams of this Project