HOMELEND – Blockchain Based Mortgage Lending Platform

Introduction
Homelend is basically a blockchain based peer-to-peer mortgage lending platform. It is decentralized ecosystem where they bring direct interaction between borrowers, lenders and other parties who involved in the mortgage financing. By providing peer-to-peer mortgage crowdfunding they enable the security and transparency by distributed ledger technology (DLT) and smart contracts. A platform where all the information gathered and generated in the process of mortgage loan is saved in a decentralized database by eliminating third party intermediaries.

Problem & Solution
There are many problems happening already in the mortgage financing process such as number of documents and many parties are involved in mortgage process. The lengthy process of gathering all the required documents for a mortgage application which is very time consuming and the average closing mortgage process is 50 days. On filling this application form, many applicants aren’t familiar with the terminology and important concepts. Lots of paperwork is required when large number of documents coming from different parties which needs to be collected and analysed properly.
The Solution where Homelend come up with the blockchain based distributed ledger technology (DLT) and smart contracts by connecting borrowers and lenders directly under their platform. By leveraging DLT, which is accessible by all the parties that enhance transparency, efficiency, and reliability in the mortgage financing process. Inconsistencies in the data available from documentation will be reduced to zero by storing it into distributed database which is equally accessible.

Advantages

1. Streamlined & Efficiency – By introducing DLT and smart contract technology, the documentation is being done in a digitize way and eliminating unnecessary processes. Cutting down the average mortgage process time to less than 20 days from 50 days.
2. Transparent & User-Friendly – A platform where lending process is not only smart but also it is simple. They allow borrowers to easily apply for the loans, track their application status anytime and interact directly with mortgage lenders under this platform.
3. Cost-Effective & Free from Intermediary – They are reducing costs for both borrowers and lenders by introducing DLT and smart contract to make mortgage process more secure, transparent and record transactions in their distributed database without any middlemen or intermediary.
4. Trusted & Secure – By eliminating lots of paperwork, Homelend enable the characteristics of DLT to provide a platform for people to transact large amounts of money in a trusted, transparent and more secure way.

The Team
Itai Cohen – CEO – He’s holding a degree in MBA in Finance and a BA in Economy. He’s having global financial experience with 8 years as senior manager at KPMG. Also leads many complex consulting projects, tax planning and IPOs.
Netanel Bitan – CTO – Graduated with BSc in Computer Science and having 8 years of experience as a senior engineer and team leader in several high-tech companies. He has expertise in Big Data, Microservices, P2P platforms and Blockchain technology.
Kanat Talbassiyev – Leading Blockchain Developer – He’s a former IT Director of the National Bank of Kazakhstan where he led the development and execution of a blockchain based money transfer project. He has extensive experience in blockchain development on the Ethereum and Hyperledger platforms. Currently serving as a CEO of GenesisZero, a blockchain developing company.

Token Matrix
Token – HMD
Total Token Supply – 250,000,000
Price – 1ETH = 1600 HMD
Accepted Currency – BTC, ETH, USD
Soft Cap – $5M USD
Hard Cap – $30M USD
Crowd Sale – TBA

Social Media Reach
Facebook – 1260+ Followers – https://www.facebook.com/HMDHomelend/
Twitter – 1670+ Followers – https://twitter.com/HomelendHMD
Telegram – 3050+ Members – https://t.me/HomelendPlatform

Verdict
The Website is explained very well, and the Whitepaper is also explained in a well-format which is easy to understand.
There are 9 core members in the leadership team who are having 5+ and 10+ years of experience background in Computer Science, IT, Software, Finance and Blockchain Technology.
They have strong 9 onboard technical and blockchain advisors behind this project who are holding PhD and having number of years’ experience in Finance, Real Estate, Funding and Blockchain. They also holding positions like CEO, CFO, and CTO of many leading companies.
The Social Media hype is low, but they are very much active on their Telegram Group.
The Roadmap is also explained in short and precise way where the milestone of this project shown till 2019. The Crowd sale is mentioning to be announced. The MVP is available for this project you can have a look on their website.
They have partnered with 4 companies BrightNet, GenesisZero, NetObjex and Market Across.

For Detailed Information
Website – https://homelend.io/
Whitepaper – https://homelend.io/files/Whitepaper.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=3407541

Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392