Homelend - Mortgage Lending Platform Based on Blockchain Peer-to-Peer

Today, let me introduce  you to the project that aims to create a peer-to-peer mortgage lending  platform using blockchain technology. It called Homelend, the detail of it would be describe in below so please stay on this blog.

As the mortgage lending  market is currently $31 trillion, the team behind the project sees a  great deal of potential. $14 trillion of this is just within the United  States mortgage market.Despite the enormous size of the mortgage market,  the industry has not changed much over the years, leading to a lending  system that is primitive in nature. The team at Homelend noticed that  the process of applying for and getting a mortgage is lengthy and  complex, as well as almost entirely paper based. There are also numerous  intermediaries involved, slowing down the process while also increasing  costs for lenders and borrowers alike

Additionally, it is  largely impossible for new young borrowers to get a mortgage with the  current system. This excludes millions of individuals who are  creditworthy from getting a mortgage just because of the system’s  assessment criteria that the Homelend team sees as outdated. 

Homelend is a  decentralized platform enabling the next generation of homebuyer  mortgage financing. Homelend creates an interface for direct interaction  between borrowers, lenders and other parties involved in the mortgage  value chain. By doing so, it enables mortgage crowdfunding using a  peer-to-peer model with the security, transparency and automation  provided by distributed ledger technology (DLT) and smart contracts.

HOW IT WORKS?
By  utilizing distributed ledger (DLT) and smart contracting technologies,  Homelend brings together individual borrowers and lenders on an  end-to-end platform that simplifies and automates the entire process of  mortgage origination.

HOMELEND ADVANTAGES  

• From Ambigu & Clunky to Transparent & User-Friendly  : Homelend aims to create a loan process that is not only smart, but  also simple and fair. This will allow borrowers to be able to easily  apply for loans, track the status of their application at any time and  interact directly with mortgage lenders. 
• From Manual & Length, to Efficient & Efficient :By  embedding predefined business logic into smart contracts, digitizing  documentation and eliminating unnecessary processes, Homelend will  automatically initiate end-to-end origination, cutting it from 50 days  to less than 20. 
• From Vulnerable & Unreliable Trusted & Safe : Centralized and paper-based processes  are the key factors behind the insecurity and vulnerability that  characterize the traditional mortgage industry. The unique  characteristics of DLT and smart contracts allow Homelend to provide a  platform for people to transact large sums of money in a trustworthy,  transparent, and secure way.
• From Intermediation Fee to  Cost-Effective & Free-Middleman : The  firmness, security and transparency provided by DLT makes it possible  to record transactions, including loans, without the bank acting as an  intermediary. This will reduce the costs to borrowers and lenders, while  minimizing the distance between them.  

TOKEN DETAILS 

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

TOKEN ALLOCATION 

• 28% Pre-sale 
• 36% Public sale 
• 20% Reserve Fund 
• 8% Advisors and Bounty Program 
• 8% Founders

TOKEN ALLOCATION

 

So what are you waiting for? Don't hesitate to join this project and please follow below links for further information.

Website | Whitepaper | ANN | Telegram | Facebook | Twitter

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Bitcoin Talk  username : maniak kemsut
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Wallet : 0xD1182fe4B8ae5E4D7801f6B851374E3F3A2d6A04
 
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