Homelend A Blockchain-Based Peer to Peer Mortgage Loan Platform.
Hello that such friends here I bring you what I promised informed you that they were waiting to invest with confidence and is that Homelend is a decentralized platform that allows the next generation of mortgage financing for homebuyers. Homelend creates an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. In doing so, it enables crowdfunding of mortgages using a peer-to-peer model with the security, transparency and automation provided by distributed ledger technology (DLT) and smart contracts.
The Homelend P2P platform works by incorporating the business logic of mortgage lending into intelligent contracts. This is the core functionality of the platform. By creating a set of intelligent contracts that execute business processes, Homelend allows people to borrow money from their peers in a reliable, transparent and secure way. The key idea is that borrowers and lenders are not linked through a financial intermediary (i.e. a bank or a centralised P2P lending platform), but rather through intelligent contracts that automatically execute a predefined business logic.
Characteristics
Homelend P2P Mortgage Loan Facility
Point-to-point lending (P2P), also known as "alternative finance," is the process by which people can borrow and lend to each other without the intervention of banks or other financial intermediaries. The Homelend P2P platform works by incorporating the business logic of mortgage lending into intelligent contracts. This is the core functionality of the platform. By creating a set of intelligent contracts that execute business processes, Homelend allows people to borrow money from their peers in a reliable, transparent and secure way. The key idea is that borrowers and lenders are not linked through a financial intermediary (i.e. a bank or a centralised P2P lending platform), but rather through intelligent contracts that automatically execute a predefined business logic.
Financial flows
At Homelend, the flow of financial resources from lenders to borrowers (and ultimately to sellers) is executed purely through smart contracts. There is no financial intermediation, control or decision making by Homelend, after a buyer receives pre-approval from the system, with respect to a specific property, the corresponding mortgage loan is "listed" on the Homelend platform. By then, the borrower has committed a specific down payment and the amount of the mortgage is determined.
Commercial model
Homelend is being developed as a blockchain solution that will significantly increase housing finance possibilities for many individuals and families. Our value proposition is socially sensitive and anchored in a progressive P2P approach that aims to use technology for the benefit of society. However, Homelend also relies on a solid and profitable business model, which consciously extends itself to address a neglected market. On the one hand, Homelend creates an investment opportunity for many people, with a solution that unites a traditional industry like real estate with innovative technology like blockchain. On the other hand, it makes it possible for many people (who due to various circumstances, including current limitations in traditional credit risk models.
An archaic $31 trillion economy that longs for disruption
The U.S. mortgage market is worth $14 billion, and the global market is expected to reach $31 billion by the end of 2018. However, no matter how socially and economically the market, the traditional mortgage lending system is still very primitive, based on a long and complex paper-based process involving several intermediaries, a process that is fraught with inefficiency and overburdening for borrowers and lenders. In addition, most mortgage loans are not affordable to a new generation of young borrowers, including millions of creditworthy people who obtain a mortgage loan because of outdated appraisal criteria.
Solution
Homelend provides a simple solution for consumers looking for financing options for their homes. With intelligent contracting technology, it brings transparency to the market where borrowing and lending parties are in direct communication on a single platform. By providing lenders with tools for background checks and analysis of potential borrowers, you build trust among the community of investors who are ready to bet on the platform based on blockchain technology.
How It Works
Homelend connects borrowers and lenders in a unique way, controlled by intelligent contracts, without intermediaries. Borrowers will apply for mortgage loans through the Homelend Foundation. These applications will be evaluated and approved in advance (or not) with the help of artificial intelligence and automatic learning technology. On the basis of Homelend, the collection of information is done in a "fully digital" way. Even the data contained in the document must be transferred to the digital herbaceous plant archive based on scattered accounting technology. This data is provided by users and is carefully reviewed through professional verification providers.
Advantages
From manual and extensive to simplified and efficient
By incorporating predefined business logic into intelligent contracts, scanning documentation and eliminating unnecessary processes, Homelend will automatically run an end-to-end origin process, reducing it from 50 days to less than 20 days.
From Ambiguous & Clunky to Transparent and easy to use
Homelend aims to create a loan process that is not only smart, but also simple and fair. It will allow borrowers to easily apply for a loan, track the status of their application at all times and interact directly with mortgage lenders.
From Expensive to Profitable and Intermediary Free Intermediation
The immutability, security and transparency provided by DLT allow transactions, including loans, to be recorded without banks acting as intermediaries. This will reduce costs for borrowers and lenders, while minimizing the distance between them.
From Vulnerable and unreliable to Reliable and secure
Centralization and paper-based processes are the key factors behind the insecurity and vulnerability that characterize the traditional mortgage industry. DLT's unique features and intelligent contracts enable Homelend to provide a platform for people to trade large amounts of money reliably, transparently and securely.
Route Map
2016
The Homellend Founders Launches the project with the incorporation of a new company.
2017
The Founders Bootstrap project with a $1 million contribution.
A team of technology and finance experts joins the company and begins the design of the concept and architecture of the platform.
A first MVP is completed, based on the client's server infrastructure.
A second MVP, based on distributed ledger technology, is launched.
2018
DMC homelend AG is incorporated in ZUG, SWITZERLAND
Business and Technical whitepaper is complete.
Token Generation Event (TGE) pre-sales phase begins
TGE's public crowdfunding will take place and be completed.
Additional technology and financial experts will join the company.
The beta version of Homelend will be completed and the basic functionality of the token will be operational for the first users, under the pure crowdfunding funding mechanism.
The development of the Beta version for the auction sharing and lending mechanism will start.
2019
The development of an intelligent agent for investment capabilities on the Homelend platform will begin.
Homelend's platform will expand into new markets.
Token
HMD Token
Total supply 250,000,000,000
Standard ERC-20
Nominal value 1 ETH = 1,600 HMD
Accepted currencies BTC, ETH, USD
Softcap US $ 5,000,000,000
Hardcap US $ 30,000,000,000
Team
Raghuram Bala Executive Analytical Technology
Yoram Uzan Entrepreneur
Danny Coddy Evaluation
Ido Samuelson Expert Advisor Blockchain
Marc Kenigsberg Tokenomics and Data Management Advisor
Adina Haham Business Growth Advisor
Daniil Morozov Advisor
Itai Cohen Executive Director
Netanel Bitan Chief Technology Officer
Ricardo Henriquez Director of Innovation
Amir Nahmias Sales Manager
Michael Tanfilov Director of Strategic Planning
Kanat Tulbassiyev Lead Developer of Blockchain
Ram Stivi Backend Developer
Sol Alvarado Quijano Graphic Designer / Community Assistant
Vinod Morkile Blockchain Developer
Eliran Madar Business Development / Investor Relations
Asher Dry President
David M. Gottdenker United States Mortgage Expert
Important Links
Author
User: Criptosistemas
Profile: bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1425520
Wallet: 0x10aF61e98fB8264d9dc653a32D60319591B303bf
E-mail: [email protected]
Telegram: criptosistemas
Homelend P2P works by incorporating the business logic of mortgage lending into smart contracts. This is the core functionality of the platform. By creating a set of intelligent contracts that execute business processes, Homelend allows people to borrow money from their peers in a reliable, transparent and secure way. The key idea is that borrowers and lenders are not linked through a financial intermediary (i.e. a bank or a centralised P2P lending platform), but rather through intelligent contracts that automatically execute a predefined business logic.
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