Fulfilling your dream of a home – Homelend

The core of the society today is the mortgage loans. Everybody has that dream home they want. One can choose to not have a vacation in order to not be indebted but a home is the ultimate basic need. In US the cash transaction for buying a home is only a third of the whole transactions. Some people choose to rent or stay with their families but buying a home, we believe is the most crucial part of the society and ones life. People even take up loans that might help them save taxes. The mortgage market as we see is extremely high in demand. In United States, the total amount of mortgage debt that was outstanding for the year of 2016 is US in 014.29 trillion and this number is expected to cross US$31 trillion by 2018.

Problems pertaining to the market: The mortgage market is extremely complex because of all the paperwork and verifications required. The costs and inefficiency of the process too is exorbitant. There is along process only for the application part of the loan which is then followed by several other things. The market is still paper based unlike other markets and sectors which are digital in todays date. The banks unlike in the traditional days have now given away their mortgage loans section to the third party to handle. Considering the risks most of the banks now have scaled back and exited the mortgage business because of the regulatory risks. But the mortgage loan market is now taking it steps towards innovative ways and evolving drastically. As the mortgage lending market has many players and becomes complex and a tedious process.

Blockchain in mortgage loan market: With the advent of internet many banks and financial institutions have faced revolution because of the digital world. Many banks even faced disruption. With the blockchain technology all of this can be taken care of. The potential of the blockchain technology can handle all aspects of the markets problem with ease and provide with a more seamless process for all the individuals involved in it. With blockchains technology one can save the records in multiple locations and have complete control over it without any interference from the third party. No other entity has control over it other than the user or owner himself.

The team behind Homelend: With the high end technology of blockchain used in such a crucial market, we have an excellent team performing to bring the platform of Homelend to perfection. The executive team includes the Chief executive officer Itai Cohen who holds and MBA in finance. The chief technology officer is Netanel Bitan who holds a Bsc in computer science. The chief innovative officer of Homelend is Ricardo Henriquez who hold an MBA too. At the position of chief business officer we have Amir Nahmias who has more than 12 years of experience in online and software industries. In the developing team we have Michael Tanfilov, the strategic planning director who has an MBA in marketing. The leading blockchain developer with Homelend is Kanat Tulbassiyev. At the position of backend developer we have Ram Stivi. The blockchain developer with Homelend is Vinod Morkile.

For more details visit
ANN- https://bitcointalk.org/index.php?topic=3407541

Website- https://homelend.io/

Published By- Pooja Jur
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1217469