Homelend a new solution enables investors to directly finance mortgage loans

abinvent (9)in #cryptocurrency • 6 years ago (edited)

Homelend new solution in Mortgage industry

The international mortgage market is estimated at $ 31 trillion, and united state markets are projected to reach $ 31 trillion prior ends 2018. Be that as it may, paying little respect to how halfway this market is socially and monetarily, conventional home mortgage mortgageing systems stay extremely crude.

This system depends on long and complex paper-based procedures including different delegates - forms that are stacked with wasteful aspects and overhead expenses for borrowers and moneylenders. What's more, mortgage advances are to a great extent excessively expensive for another age of youthful borrowers, including a large number of people who are qualified for credit from getting home advances on account of obsolete appraisal criteria.

We are building up a decentralized home mortgage platform that enables us to accomplish two objectives

Modernize the home mortgage system for seniors to be productive, savvy and needs-based.

Growing homeownership open doors for another age of borrowers, regarding their distinctive ways of life and necessities.

How Homelend functions?

Utilizing Distributed Ledger Technology (DLT) and Smart Mortgages, Homelend unites borrowers and individual banks on a conclusion to-end platform that rearranges and computerize the whole home mortgage start process

Homelend is a decentralized platform empowering the up and coming age of homebuyer mortgage financing. Homelend makes an interface for coordinate association between borrowers, mortgage specialists and different gatherings engaged with the home mortgage esteem chain. Thusly, it empowers mortgage crowdfunding utilizing a shared platform with the security, straightforwardness and computerization given by appropriated record innovation (DLT) and brilliant mortgages.

As the financial institution industry is advancing into the computerized age, the conventional home mortgage industry still lingers behind. Homelend is building up an answer that, on account of the security and unchanging nature given by blockchain innovation, empowers financial specialists to specifically fund homebuyer mortgage credits. These credits are thought to be an extremely safe venture with significant yields.

Besides, Homelend will create a blockchain-based, predictable, advanced and secure database that will be available to each substance associated with the home mortgage esteem chain, enabling all gatherings to evade troublesome printed material and altogether abbreviate process times. Savvy mortgages will automatize a few undertakings and procedures, decreasing beginning circumstances, which right now most recent 50 days all things considered.

Homelend( https://homelend.io/) associates borrowers and mortgage specialists remarkably, controlled by smart contract mortgages, without including Intermediary . Borrowers will apply for mortgage advances through Homelend's platform. These applications will be evaluated and pre-affirmed (or not) with the assistance of computerized reasoning and machine learning innovation. At that point, singular moneylenders will have the capacity to support pre-affirmed credits by purchasing "cuts" of them. All procedures will be controlled by smart contract mortgage conventions, as opposed to by individuals.

Homelend will produce incomes from start gas and offering rebate focuses, as is normally done in the home mortgage industry. All stores will be finished in Homelend tokens (HMD).

Homelend's system ecosystem is controlled by blockchain innovation and Ethereum smart contract mortgages keeping in mind the end goal to guarantee that all exchanges are straightforward, anchored and trusted. All data assembled and created during the time spent starting a home mortgage credit is spared in a decentralized database kept up by all clients. This implies nobody can control the information or get benefit on any exchange.

What's more, blockchain innovation expands liquidity for the mortgage specialists, empowering them to exchange their investment specifically with each other.

Pre-Sale.......................March 1, 2018

Symbol.............................HMD

Add up to Supply................250,000,000

Standard........................ERC-20

Face Value....................1 ETH= 1,600 HMD

Softcap.............................US$ 5,000,000

Hardcap...........................US$ 30,000,000

Kindly visit homelend official website and whitepaper to learn more about this amazing solution in mortgage industry via the link below

Links of Homelend

Website: https://homelend.io/

Whitepaper: https://homelend.io/files/Whitepaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=3407541