Homelend: A Mortgage Crowdfunding Platform
Introduction
The Blockchain Technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc.
Blockchain Representation
As I said, this technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems.
Moving to the today's topic... Having a house is one of the basic human needs - a need that most people can only afford by taking out a mortgage loan from the bank. However, the system is based on long and complex paper-based processes, involving a variety of intermediary processes burdened with inefficiencies and overheads for both borrowers and lenders. In addition, mortgage loans are largely unattainable for the new generation of young borrowers, excluding millions of solvent people from obtaining mortgage loans due to outdated evaluation criteria.
For this reason, I present to you Homelend, a blockchain solution for the mortgage industry based on a decentralized platform of mortgage loans of equal to equal that serves for modernize the old system of mortgage loans to be efficient, profitable and customer-focused, and also to expand opportunities to own a home for a new generation of borrowers, satisfying their different lifestyles and needs.
Definition
So, Homelend (HMD) (https://homelend.io/) is a blockchain-based decentralized platform that allows the next generation of mortgage financing for homebuyers. The idea is to create an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. In this way, Homelend allows the financing of mortgages using a peer-to-peer model with the security, transparency and automation provided by the technology of distributed general ledger (DLT) and intelligent contracts. Homelend is currently launching an OIC to raise capital to support our project.
Goals
As I said before, Homelend has two main purposes:
| Purpose 1 | Purpose 2 |
|---|---|
| Modernizing the age-old mortgage lending system in order to make it efficient, cost-effective and customercentric. | Expanding home ownership opportunities for a new generation of borrowers, meeting their distinct lifestyle and needs. |
Benefits
Thanks to the security and immutability provided by blockchain technology, Homelend is developing a solution that allows investors to directly finance mortgage loans for homebuyers. These loans are considered a very safe and high-yield investment. In addition, Homelend will generate a digital database, consistent, secure and based on a chain of blocks that will be accessible to all entities involved in the mortgage value chain, which will allow all parties to avoid onerous procedures and significantly shorten the time of process.
Thus, through the use and implementation of distributed accounting technology (DLT) and intelligent contract technology, Homelend brings together individual borrowers and lenders in an end-to-end platform that streamlines and automates the entire mortgage origination process.
Into the following table, the main features presented by Homelend Platform are described:| Image | Feature | Description |
|---|---|---|
 | Streamlined & Efficient | By embedding pre-defined business logic into smart<7b> contracts, digitizing documentation and eliminating unnecessarily processes, Homelend will automatically execute an end-to-end origination process, cutting it down from 50 days to less than 20. |
 | Transparent & User-Friendly | Homelend aims to create a lending process that is not only smart, but also simple and fair. It will enable borrowers will be able to easily apply for a loan, track their application status at all times and interact directly with mortgage lenders. |
 | Cost-Effective & Middleman-Free | The immutability, security and transparency provided by DLT makes it possible to record transactions, including loans, without banks acting as middlemen. This will reduce costs for both borrowers and lenders, while minimizing the distance between them. |
 | Trusted & Secure | Centralization 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 enable Homelend to provide a platform for people to transact large amounts of money in a trusted, transparent, and secure way. |
Mortgage Organization
| Before | After |
|---|---|
 |  |
Token details
The HMD tokens will be used to purchase services and pay fees within the Homelend platform. This sheet is based on the ERC-20 Ethereum standard.
The HMD token is the fuel that powers Homelend's peer-to-peer lending platform. Its main functionality is to allow access to the Homelend platform.
This utility token also plays a critical role by enabling a fast, smooth and easy-to-use workflow that is unified and secure.
Token: HMD
Platform: Ethereum
Type: ERC-20
Price in ICO: 1 ETH = 1,600 HMD
Tokens for sale: 160,000,000
Softcap: US$ 5,000,000
Hardcap: US$ 30,000,000
Bounty program
The project gives the opportunity to earn Homelend (HMD) tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?topic=3407877.0) you can access the link in order to see what are the conditions to become an early HMD contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://homelend.io/files/Whitepaper.pdf). You can also stay tuned in their official Telegram group (https://t.me/HomelendPlatform/). I hope you liked the post and soon I'll send you new ones.
Roadmap
| Date | Event |
|---|---|
| 2016 | The Homelend founders launch the project with the incorporation of new company. |
| 2017 | The founders bootstrap the project with 1 USD million USD in contributions. A team of experts in technology and finance join the company. Design of the platform's concept and architecture begins. A first MVP is completed, based on client-server infrastructure. A second MVP is released, based on distributed ledger technology. |
| 2018 | DMC Homelend AG is incorporated in Zug, Switzerland. Business and technical whitepapers are completed. Token Generation Event (TGE) pre-sale phase begins. TGE Public crowdfunding will be conducted and completed. Additional technology and finance experts will join the company. Homelend's beta version will be completed and the token's basic functionalities will be operational for early adopters, under the pure crowdfunding lending mechanism. Development of beta versions for pooling and auction lending mechanisms will begin. |
| 2019 | Homelend's platform 1.0 version will be tested on the testnet-feedback with Quality Assurance (QA) team. Development of smart agent for investment abilities in Homelend's platform will begin. Homelend's platform will to new markets. |
Links
Website: https://homelend.io/
Whitepaper: https://homelend.io/files/Whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3407541
Bounty: https://bitcointalk.org/index.php?topic=3407877.0
Facebook: https://www.facebook.com/HMDHomelend/
Twitter: https://twitter.com/homelendhmd
Telegram: https://t.me/HomelendPlatform/
Author Details
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71