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creditworthy from getting a mortgage just because of the system’s assessment criteria that the Homelend team sees as outdated.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.


Posted by:
Bitcoin Talk username : maniak kemsut
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2132482
Wallet : 0xD1182fe4B8ae5E4D7801f6B851374E3F3A2d6A04

Thank you & love to see you back!

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