HOMELAND: A PEER TO PEER MORTGAGE LENDING PLATFORM

dammy42 (38)in #homelend • 6 years ago

Abstract
Today the United States of America mortgage is valued to be at $14 trillion, and global market is assumed to reach $31 trillion in the end of 2018. The existing system rely on complex and lengthy paper processes with various middlemen and this always add to the cost of the process. This is why HOMELEND bring a platform through blockchain technology that will make mortgage process more easy, transparent and accessible to all customers from every part of world.

              INTRODUCTION

Today the United States of America mortgage market is valued to be at $14 trillion, and global market is assumed to reach $31 trillion in the end of 2018. However, despite how economical and social this central market operates , the traditional mortgage lending system is going to remain incredibly primitive.
The existing system rely on complex and lengthy paper processes which always various intermediaries and this always add to the cost of the process. The need for someone to have a place to live in, relax with his friend and family is important in life. This complex process of getting a mortgage anywhere in the world makes people not to live the comfort life they have in mind. One of the basic things in life is to have a home which give you shelter against sun and rainfall. People have been able to solve a lot of problems through blockchain technology this is why homelend a decentralized peer to peer platform will handle mortgage through blockchain technology.

                 PROBLEMS

Manual and lengthy: the process of mortgage using the traditional way is handle manually and this makes the process to be very lengthy.
Ambiguous and clunky: you can't really see how things are done because there are some people in position who handle all the processes.
Costly: because the traditional mortgage make use of a lot of middle men this always increase the cost of the process.
Vulnerable and unrealistic: the process is not open to the customers.
Not accessible: people from every part of the world can't easily access the market.

                  SOLUTION

Streamlined and efficient: the process with homelend of efficient and steady.
Transparent and user friendly: the platform is transparent because it is based on blockchain technology and very user friendly.
Cost effective and middleman free: because there is no middle man this reduces the overall cost of the process.
Trusted and secure: this platform is based on blockchain technology and it will also make use of new technologies to make sure that customers transactions are secure.
-Accessibility: people from every part of the world can easily access this platform from their computer are mobile phones.

TOKEN SPECIFICATIONS

Symbol.............................HMD
Total Supply................250,000,000
Standard........................ERC-20
Face Value....................1 ETH= 1,600 HMD
Accepted Currencies...BTC, ETH, USD
Softcap.............................US$ 5,000,000
Hardcap...........................US$ 30,000,000

                 TEAM

The team is made up of people who understand housing industry , mortgage industry, business and blockchain technology.

                CONCLUSION

This project is a very good one because it will solve the housing and mortgage problems in every part of the world. Having a place to live in is a necessary things and making use of blockchain technology to solve this will be of benefit to a lot of people around the world. This project need the support of every crypto currency holder.

For more information on HOMELEND, kindly visit this links.

Website: https://homelend.io/

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

Telegram: https://t.me/HomelendPlatform

Facebook: https://www.facebook.com/HMDHomelend/

Twitter: https://twitter.com/HomelendHMD

LinkedIn: https://www.linkedin.com/company/18236177

Medium: https://medium.com/homelendblog

Reddit: https://www.reddit.com/r/Homelend/

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

Writer: Bunmi

Bitcointalk Username: Bunmi1989