HOMELEND: MORTGAGE MADE ESSY THROUGH BLOCKCHAIN

package42 (41)in #homelend • 7 years ago

Abstract
In every part of the world today many people who are in need of a house through mortgage can not handle the rigid process of documentation and the charges involve. This arise the need to have a better system and this is why HomeLend a platform that is created on blockchain technology will carter for people from every part of the world who want to get a house through mortgage.

              INTRODUCTION

In every part of the world today many people who are in need of a house through mortgage can not handle the rigid process of documentation and the charges. House is a very important thing and everyone need a house to rest his or her head at the end of a day work. The mortgage , real estate and housing sector in world is a very lucrative business with some companies making huge turnover on yearly basis. Most of this companies handle mortgage and make huge profits from customers. This arise the need to have a better system and this is why HomeLend a platform that is created on blockchain technology will carter for people from every part of the world who want to get a house through mortgage. HomeLend will leverage on distributed ledger technology (DLT) and that smart contract to bring together individual borrowers and lenders that streamlines and automates the entire mortgage origination process on an end to end platform.

            PROBLEMS

Costly: the traditional market is costly because it always make use of lot of middle man to handle a single mortgage transaction.
Manual and lengthy: the process always take weeks and at times months because of the processes, documentation and the involvement of middlemen.
Not accessible: the market is not accessible to the world.
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     ADVANTAGES
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Accessibility: people from every part of the world will be able to access this platform easily and make use of it.
Transparency and user friendly: this platform is easy to use for both young and old as they can access it easily through their mobile phones either android or iOS and they can also make use of their computers.
Trusted and secure: the platform is very secure and users fund are safe because it make use of new technologies and also users data are safe on the platform.
Cost effective and middleman free: with HomeLend there is no need of any middleman because it make use of blockchain technology and this will reduce the cost.
Streamlined and efficient: Making use of digitizing documentation and eliminating unnecessary processes through smart contract, the HomeLend platform will automatically create an end to end origination process, this will be cig down from 50 days to less than 20.

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 Homelend is created by a global team with extensive experience in blockchain technology. They understand business, housing industry and mortgage industry.

           CONCLUSION

Conclusively, why can't all deny the need of everyone to have a house to live in and this why homelend is here for the world. Everyone in the world need to support this project for it to able to make this dream a reality.

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: dammy

Bitcointalk Username: dammy1988