HOMELEND

feryperrot (1)(1)in #bitcoin • 6 years ago

HOMELEND - The Mortgage Platform Through Blockchain.

Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.

INTRODUCTION
The ability to have a well defined mortgage system equips you the user and also ensures that all transactions, operations, options and features are benefiting or beneficial for the users. This transcends to enact the eruption and emergence of the Homelend blockchain platform. This platform is designed to disrupt the present mortgage housing system and create a new way, new prospect and opportunity in the market. The effect is simply a new age method of doing business in the mortgage sector.

The Homelend is to erupt this new move and create a significant impact for home all over the world, especially in the United States of America. Thus, with Homelend smart tokens the opportunity and room for assessing quality and reliable homes will remain feasible. The operations are to alter the exist market process.

WHAT IS HOMELEND?
The Homelend blockchain platform is all about a peer-to-peer lending system for intended home owners and also people who are presently tied up on the present mortgage system. The Homelend hopes to reshape and recreate a way of accessing and having a home with little or no much cost generally. Homelend platform is set to modernize the present mortgage system to make it more functional, operationally effective, efficient and customer-centric. The platform will be more fab and pious in its operations.

Furthermore, it also will expand the ability for people to lend and borrow in order to have a good home. This will be tailored towards them and their lifestyles. Hence, their lifestyles or patterns do not affect their lending or loan payment process which the Homelend offers. This will be done through Distributed Ledge Technology (DLT) and blockchain crypto smart contracts. This will bring into harmony lenders and borrowers in a more streamlined automated process which will be transparent and modest for the users.

Homelend is a decentralized platform enabling the next generation of homebuyer mortgage financing. Homelend creates an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. By doing so, it enables mortgage crowdfunding using a peer-to-peer model with the security, transparency and automation provided by distributed ledger technology (DLT) and smart contracts.

HOW DOES HOMELEND WORK?
Homelend is building a decentralized, peer-to-per mortgage lending platform that will have two core goals:

To modernize the aging mortgage lending system to make it more efficient, cost-effective, and customer-centric.
To expand home ownership opportunities for a new generation of borrowers while meeting their distinct lifestyle and needs.
To accomplish these goals, Homelend will use blockchain technology and smart contracts to bring parties together in a decentralized marketplace.

Individual borrowers and lenders will be able to interact across the Homelend marketplace. Homelend will be an end-to-end system that processes all stages of the mortgage process – from the early stages of application to the final stages of paying your last mortgage payment.

AN ARCHAIC $31 TRILLION INDUSTRY YEARNING FOR DISRUPTION
The U.S. mortgage market is valued at $14 trillion, and the global market is expected to reach $31 trillion by the end of 2018. Yet, despite how central this market is both socially and economically, the traditional mortgage lending system remains incredibly primitive.

The system relies on lengthy and complex paper-based processes involving various intermediaries—processes that are laden with inefficiencies and overhead costs for both borrowers and lenders. Moreover, mortgage loans are largely unattainable for the new generation of young borrowers, excluding millions of creditworthy individuals from obtaining home loans due to outdated assessment criteria.

THE HOMELEND BLOCKCHAIN PLATFORM ADVANTAGES

The Homelend blockchain platform is designed with merits for the users. They are a very streamlined logic process using smart contracts token operations. This will aid and cause limitless speed of processing documents within twenty (20) days. It simply means it makes the mortgage application process easy, reliable and fast. Secondly, with Homelend the process is made transparent and user friendly. This is made achievable as a lender can cautiously monitor his loan process and authenticate the validity process in general. Thirdly, it has helped to resolve and remove the issues involving activities and actions of middle men in the whole mortgage lending process. The DLT smart contracts used, makes the process more convenient and valid for all users both lenders and borrowers. Lastly, the Homelend advantage is the provision of sound,secure and a reliable-trustworthy operations as the platform is created in a decentralized manner with the DLT smart contract presence.

From manual & lengthy, to 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.
From Costly Intermediation to 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.
From Ambiguous & Clunky to 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.
From Vulnerable & Unreliable to 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.

MORTGAGE LOANS ARE AT THE CORE OF SOCIETY
Having a home is one of the basic human needs – a need most people are only able to afford by taking out a mortgage loan from the bank. In the U.S. alone, more than 8 million mortgage loans are granted every year.

THE HOMELEND ECOSYSTEM REVOLVES AROUND THE HOMELEND TOKEN, OR HMD?
Borrowers will be able to access three different P2P lending methods on the Homelend platform, including pure crowdfunding, pooling, and auction. In each of these lending methods, the flow of financial resources is controlled and executed by smart contracts with no need for middlemen or financial intermediaries. Each funding method can also split a mortgage into “slices”.

Crowdfunding Method: Crowdfunding is the simplest funding method on Homelend. Potential lenders can find investment opportunities in the form of mortgage “slices”. The borrower’s loan will be divided into smaller fractions, and smaller lenders can provide a slice of that mortgage (by depositing cash) in exchange for a fixed interest rate based on the terms of the mortgage.

Pooling Method: The pooling method gives economic flexibility to the Homelend lending system. Under the pooling method, lenders can invest money through smart contracts before the specific mortgage has been pre-approved. Investors are still buying different “slices” of the mortgage, although the smart contract allows lenders to pre-purchase slices before the loan has been approved.

Auction Method: The auction method will allow investors to bid on different mortgages as investment opportunities. You might spot a buyer with a good credit rating offering a generous interest rate, for example. You compete with other investors to offer a slice of that mortgage. The key difference with the auction method is that there’s no financial buffering involved in the process. The advantage is that lenders can offer borrowers better conditions than those pre-approved by the platform, if they choose to do so.

HOW DO HOMELEND TOKENS (HMD) WORK?
Homelend ICO tokens, or HMD, are Ethereum-based ERC20 tokens. A pre-sale for the tokens began on March 1, 2018. As of April 2018, a date has not yet been announced for the crowdsale.

There’s a total supply of 250 million HMD tokens. The tokens are priced at a face value of 1 ETH = 1600 HMD. Homelend has set a hard cap of $30 million USD for the token sale.

Of the total supply of tokens, 36% is allocated to the public sale, 28% to the pre-sale, 20% to a reserve fund, 8% to advisors and bounties, and 8% to the founders.

TOKEN SPECIFICATIONS