HOMELEND

WHAT IS HOMELEND?
Homelend is a Blockchain platform developed to simplify mortgage origination. The platform is expected to turn it into a simpler, more efficient and equitable process. It intends to achieve this by reducing the distance between the borrower and the lender. Basically, this is a mortgage lending platform. How exactly does it work, you ask?

HOMELEND'S MORTGAGE LENDING PLATFORM
The peer-to-peer mortgage lending platform works by embedding the business logic of the origination process into smart contracts. Okay, we move a little fast. Let's drop a little, huh?
You know what peer-to-peer is, right? Also known as "alternative finance", it is a process that involves individuals borrowing and lending to each other without intervention from financial intermediaries or banks.
P2P loans are now seen as the next step in digital book technology (DLT), which provides a level of transparency and security. Therefore, users can record transactions, including loans without intermediaries.

About Homelend

To from manual and boring lean and efficient
By embedding the business logic that has been established in the smart Contract, digitizing documentation and eliminating unnecessary processes Homelend automatically performs an end-to-end development process through, reducing from 50 days to less than 20 days.

From Ambiguous & Clunky to Transparent & User
Friendly Homelend aims to create a credit process that is not only smart, but also simple and fair. This will allow borrowers to apply for loans easily, track their status anytime and connect with lenders directly.

From costly intermediation to kosteneffektivem & Free middlemen
DLT is offered by immutability, security and transparency enabling the capture of transactions including non-bank loans acting as an intermediary. This will lower the costs for borrowers and lenders while minimizing the distance between them.

From being vulnerable to unreliable, trustworthy, and secure.
Centralized and paper-based processes are the key factors behind the uncertainties and vulnerabilities that characterize the traditional mortgage industry. The unique features of DLT and Smart Contracts allow Homeland to provide a platform for people to enable them to generate huge amounts of money confidently, transparently and securely.

HOW IT WORKS

As said before, there is no financial intermediation in Homelend. That means, financial resources can only flow from the lender to the borrowers and finally, to the sellers. This flow is run purely by smart contracts.
The related mortgage loan is listed in the Homelend platform after the buyer gets the preliminary approval of the system. At this point, the amount of the mortgage should have been determined, and it is expected the borrower will make a certain amount as a down payment.

Now, any user interested in acting as a lender can look for investment opportunities on the platform. At this time, each of the mortgage loans must go through the pre-approval stage on the platform and ready to be financed through crowdfunding P2P mechanism. The funding mechanism of the crowd is described below.

FINANCING MECHANISM GETTING HOMELEND'S
Here's how it works;

STEP 1
Any previously approved mortgage will be divided into smaller identical units. For example, John wants a $ 200,000 loan. But the first platform will divide it into the first $ 10,000 units. Let's call this unit, "Slices".

STEP 2
Each of these twenty Slices will be given a risk score, which the creditor will be able to access in case of pre-approval loan. The higher the risk score, the higher the interest rate.

STEP 3
Individuals will have the opportunity to lend financial resources to the borrower by purchasing these Slices. The lender does not have to buy all the Slices from the lender. He can lend money to many borrowers as he pleases by purchasing pre-approval mortgage loans.
That means, John's $ 200,000 loan will be contributed by twenty different lenders.

STEP 4
Crowdfunding resolved only after Slices of the previously approved loan were purchased. The mortgage will be sent to the final closing.

Please note that, individual investors will have 30 days to fund Slices. If all the Irisan are not sold within this time period, the process will be canceled and all investors will get their funds back.
Perhaps the most important part of the whole system is the use of cryptocurrency for financial flows, even though the listed home prices, the pre-approved loan amount and their "Slices" are determined in fiat.

Why use cryptocurrency, you ask? According to whitepapers, the team behind the platform chose cryptocurrency because of its frictionless function.

It's easier to transfer funds from the lender's wallet to the seller's wallet.

Transactions can be completed without commission payment

Fully governed by smart contract

However, the volatility of inherent cryptocurrency values makes it necessary to determine each financial amount (ie property, loan size and down payment) in fiat currency.

The Homelend Advantage

From manual & length, to

Efficient & Efficient
By embedding predefined business logic into smart contracts, digitizing documentation and eliminating unnecessary processes, Homelend will automatically perform an end-to-end origination process, cutting it from 50 days to less than 20.

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 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 costs for borrowers and lenders, while minimizing the distance between them.

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.

The main goal of the Homelend team is to create a secure, transparent and easy-to-use platform that effectively connects the two sides of the mortgage lending process. The whole process is accelerated and takes less than 20 days. Even if the intermediary (the bank) has been removed from the home-country ecosystem, mortgage lending becomes cheaper and more efficient, and security remains at the highest level. Thanks to blockchain technology, all transactions are recorded and can not be altered or falsified in any way.

It is good to underline that the $ 31 trillion mortgage market is one of the largest and most profitable markets in the world. If you only take a small part of this market, every company will be successful and very profitable, and Homelend has done everything for it. If the team delivers everything from the roadmap, we can expect the Homelend platform to be launched in a year and fully functional.

Homelend organizes ICO to finance its future development. Homelend tokens are used for all services and fees on their platform. Basic ICO Information:

• Sign HMD
• Price 1 ETH = 1600 HMD
• Bounty Available
• MVP / Prototype Available
• Platform ether
• Accept BTC, ETH, Fiat
• Minimum investment 1,000 USD
• Soft cap 5,000,000 USD
• Hard cap 30,000,000 USD
• Country Switzerland
• White List / KYC KYC & Whitelist

Homelend Token (HMD)

The HMD token is fuel for the peer-to-peer lending platform of the country. Its main functionality is access to the Homelend platform.

This utility token also plays an important role in enabling a fast, smooth, and easy to use workflow that is consistent and secure.

All tokens can be converted to and from HMD.

DISTRIBUTION TOKEN
As said before, 50 Million HMD will be saved as backup. That means that 200 Million HMD will be distributed. According to whitepaper, here's how.
The largest percentage of tokens, about 36 percent (90 million HMD) will be used for public sale of TGE. This will happen after 28 percent (70 Million HMD) must have been used for pre-sales.
The founding team is expected to receive 8 percent (20 million HMD) tokens and another 8 percent will be awarded to advisors and gift services.

INCENTIVE DISCOUNT
Of course, there is a bonus incentive over the nominal value of the HMD token during presale. Also, discount incentives will be offered during public sale. However, this depends entirely on the token purchase time.

ROAD MAP

TEAM

FOR MORE INFORMATION

WEBSITE: https://homelend.io/
WHITEPAPER: https://homelend.io/files/Whitepaper.pdf
FACEBOOK: https://www.facebook.com/HMDHomelend/
TWITTER: https://twitter.com/homelendhmd
TELEGRAM: https://t.me/HomelendPlatform/

author: muhammadsosa
profil link: https://bitcointalk.org/index.php?action=profile;u=1914532
eth: 0x8056b4866D50eBCE01D33EDc967D38a6Bf724420