HOMELEND - The Project That Will Change The Mortgage Loan Industry

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Homelend is a decentralized platform that allows financing next generation homebuyer mortgages. Homelend creates an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. Thus, it allows crowdfunding mortgages using peer-to-peer models with the security, transparency and automation provided by distributed ledger technology (DLT) and smart contracts.
Yes, just as we have the P2P loan platform for smaller loans and offers, we now have loan platforms for larger loans - like mortgage homes.
Homelend Problems Will Resolve?
Homelend sought to use blockchain technology to disrupt the "ancient" mortgage industry. Homelend's whitepaper notes today are a mortgage industry centered both socially and economically, and "traditional mortgage lending systems remain very primitive." Some of the issues identified by Homelend include:
● Mortgage process is long, complicated, and requires a lot of paperwork 
● Applying for a mortgage filled with intermediaries that reduce efficiency and increase the cost for the application process 
● Mortgages is not possible for a new generation of young borrowers, meaning millions of credit-worthy individuals can not obtain loans home "because of the outdated assessment criteria"
With this problem in mind, Homelend is trying to build a mortgage platform on blockchain technology.
How does Homelend work?
Homelend builds a decentralized, peer-to-per-credit mortgage lending platform that will have two core goals:
To modernize an aging mortgage lending system to make it more efficient, cost-effective, and customer-centric. To expand home ownership opportunities for new generation of borrowers while meeting their different lifestyles and needs
To achieve this goal, Homelend will use blockchain technology and smart contracts to unite the parties in a decentralized market. Individual borrowers and lenders will be able to interact across the Homelend market. Homelend will be an end-to-end system that processes all phases of the mortgage process - from the early stages of the application to the final stages of your last mortgage payment.
Homelend ecosystems revolve around Homelend Token, or HMD.
The borrower will be able to access three different P2P lending methods on the Homelend platform, including crowdfunding, pooling, and pure auction. In each of these lending methods, the flow of financial resources is controlled and implemented by smart contracts without intermediaries or financial intermediaries. Each financing method can also divide the mortgage into "slices".
Crowdfunding Method: Crowdfunding is the simplest funding method in Homelend. Potential lenders can find investment opportunities in the form of "slices" of mortgages. Loan borrowers will be divided into smaller fractions, and smaller lenders can provide the mortgage discount (by depositing cash) in exchange for a fixed rate based on mortgage requirements.
Pooling Method: The pooling method provides economic flexibility to the Homelend loan system. Under the collection method, lenders can invest money through smart contracts before specific mortgages have been approved previously. Investors are still buying "slices" of different mortgages, although smart contracts allow the lender to buy before purchase before the loan is approved.
Auction Method: The auction method will allow investors to bid on different mortgages as investment opportunities. You may see buyers with good credit ratings offering generous interest rates, for example. You compete with other investors to offer that mortgage discount. The main difference with the auction method is that there is no financial buffer involved in the process. The advantage is that lenders can offer better borrower conditions than those approved by the platform, if they choose to do so.
Features and Benefits Homelend
Homelend emphasizes all the following features and benefits:
Efficient and Efficient: The current mortgage application process is manual and long. Homelend wants to use blockchain and smart contracts to make it efficient and efficient. Homelend will embed its predefined business logic into smart contracts, digitize documentation and eliminate unnecessary processes. Homelend specifically aims to bypass the mortgage origination process from start to finish from 50 days to less than 20.
Transparent and User-Friendly: Homelend strives to get rid of today's ambiguous and clumsy mortgage application process and replace it with a transparent and user-friendly process. Homelend will create a smart, simple, and fair lending process, allowing borrowers to easily apply for loans, track the status of their applications at any time, and interact directly with mortgage lenders.
Cost-Effective Without Intermediaries: Homelend will introduce a cost-effective mortgage application process that is free from intermediaries. Blockchain will replace the intermediary, providing a way for two parties to distrust each other to interact with each other. All transaction data will be recorded in blockchain, allowing borrowers and lenders to maintain maximum transparency during the transaction process.
Trusted and Safe: Homelend aims to use blockchain to process mortgage-related data in a more reliable, transparent, and secure way than ever before.
Homelend ICO Token Detail
Homelend ICO token, or HMD, is a Ethereum-based ERC20 token. Pre-sale for tokens begins on March 1, 2018. Since April 2018.
There is a total supply of 250 million HMD tokens. Tokens are priced at a nominal value of 1 ETH = 1600 HMD. Homelend has set a hard stamp of $ 30 million USD for token sales. 
Token: HMD 
Price: 1 ETH = 1,600 HMD 
Platform: Ethereum 
Received: BTC, ETH, Fiat 
Minimum Investment: 1,000 USD 
Soft Cap: 5,000,000 USD 
Hard Cap: 30,000,000 USD
Distribution Token
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RoadMap
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Who's Behind Homelend?
Homelend was established jointly by Itai Cohen (CEO) and Netanel Bitan (CTO). Other executive team members include Ricardo Henriquez (Chief Innovation Officer) and Amir Nahmias (Chief Business Officer).
Homelend has partnered with BrightNet, GenesisZero, NetObjex, and Market Across to realize its platform.
Homelend based in Zug, Switzerland. The company was established in 2016.
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Conclusion
Homelend aims to create the next generation mortgage market where borrowers and lenders can interact using blockchain and smart contracts. The purpose of Homelend is to reduce intermediaries and costs in the mortgage industry, making mortgages more accessible to new breeds of home buyers.

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Author Bitcointalk Profile : Tirta1

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