HOMELEND - A Mortgage Crowdfunding Platform
The Homelend project is aimed to disrupt the mortgage loan industry which is expected to be worth $ 31 trillion in 2018. It aims to change the functioning of the traditional mortgage setup by deploying blockchain technology, smart contracts and developing P2P Lending ecosystem for the mortgage loan sector.
HOMELEND P2P MORTGAGE LENDING ECOSYSTEM
The Homelend P2P Platform operates by 'integrating mortgage lending business logic with blockchain technology (Distributed Ledger Technology (DLT)) and smart contracts'. The Homelend platform allows users to borrow money from their peers in a reliable, transparent and secure way.
The Homelend ecosystem would offer three methods of P2P Lending: -
Crowdfunding - It is the simplest form of lending, where potential lenders would find lending opportunities in form of "lending slices". The borrower would get his pre-approved mortgage loan funded by different lenders in form of lending slices.
Pooling - In this method, the Homelend system will classify mortgage loans in accordance with their risk level. Further, lenders would be able to lend money through smart contracts before the particular mortgage loan (which is to be financed) has been pre-approved.
Auction - In this method, lenders would be able to place bids on specific "lending slices" by improving the terms of loans. The loan terms can be improved in 2 ways: -
A. By charging lower interest than the one which is pre-appoved
B. By offering discounts to the borrower
The Homelend P2P Platform offers a host of benefits over the traditional mortgage setup, such as: -
A. Reducing the no. of intermediaries and steps involved in the mortgage origination process
B. Improving efficiency in terms of costs and time
HOMELEND BUSINESS MODEL
Access to Homelend P2P mortgage loan crowdfunding platform will be enabled through Homelend (HMD) tokens.
There won't be any fees charged to lenders for using the Homelend platform. However, for a successfully closed mortgage deal (loan), fee in form of HMT tokens would be deposited by the borrower in proportion to 1% of the approved mortgage loan.
The origination cost in terms of gas would be deposited by the borrower for accessing the Homelend P2P platform. The origination gas fees will be fixed at 1% of the mortgage loan amount.
Further, the Homelend project would also allow sellers to list their properties on the Homelend platform while allowing prospective buyers to search for homes directly on the platform.
ICO REVIEWS
The Homelend project has received exceptional ratings from reputed ICO tracking websites.
https://foundico.com/ico/homelend.html [Rating 9.0/10]
https://www.trackico.io/ico/homelend/ [Rating 5.0/5] ICO Verified
https://icobench.com/ico/homelend [Rating 4.7/5]
https://icoholder.com/en/homelend-21345 [Rating 4.21/5]
HOMELEND ICO DETAILS
Pre Sale Phase - Mar '18
Symbol - HMD [ERC-20 Token]
Total Token Supply - 250 million HMD
Token Pricing - 1 ETH = 1600 HMD
Accepted Currencies - USD, BTC, ETH
Soft Cap - $ 5 million
Hard Cap - $ 30 million
Bonus [ETH / HMD]: -
Week 1 - 20%
Week 2 - 15%
Week 3 - 10%
Week 4 and After - 0%
HOMELEND (HMD) TOKEN
The Homelend (HMD) Tokens will be the utility token used on the Homelend ecosystem. The Homelend platform will be hosted on the Ethereum Blockchain Network and the HMD tokens will be ERC-20 compatible tokens.
CONCLUSION
Thus, the Homelend project is one of the revolutionary and promising projects aimed to disrupt the traditional mortgage industry by deploying blockchain technology, smart contracts and automating the entire mortgage origination process. Further, the Homelend project is developing world's 1st P2P Lending ecosystem for the mortgage loan sector.
For more information on the Homelend project, please refer the following links: -
*Website - https://homelend.io/
*Whitepaper: https://homelend.io/files/Whitepaper.pdf
*Twitter: https://twitter.com/HomelendHMD
*Facebook: https://www.facebook.com/HMDHomelend/
*Medium: https://medium.com/homelendblog
*Telegram: https://t.me/HomelendPlatform
*Bitcontalk ANN Thread: https://bitcointalk.org/index.php?topic=3407541.0
*Reddit: https://www.reddit.com/r/Homelend/
Published by:- 'Sameer S'
Bitcoin Talk Profile:- https://bitcointalk.org/index.php?action=profile;u=1978491
Disclaimer: - Kindly conduct your due diligence before making your decision on this project from the investment and legal perspective.