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Thursday, May 3, 2018

HOMELEND - Bringing Individual Borrowers and Lenders to the End-to-End Platform


Hello everybody, this new dipostingan I want to introduce about Homelend project, and for more details let's just go to the following discussion:

Today's Mortgage Loan Industry

Mortgage Loan Being in Core Society

Owning a home is one of the basic human needs - the need most people can only afford by taking out a mortgage loan from a bank. In the US alone, more than 8 million mortgage loans are granted every year.

An Archaic $ 31 Trillion Industry Yearning for Disruption

The US mortgage market is worth $ 14 trillion, and the global market is expected to reach $ 31 trillion by the end of 2018. However, regardless of how socially and economically the market is, the traditional mortgage lending system remains very primitive.

This system relies on a long and complex paper-based process involving various intermediaries - a process loaded with inefficiency and overhead for borrowers and lenders. In addition, most mortgage loans are not affordable for a new generation of young borrowers, including millions of credit worthy individuals from getting a home loan because of the outdated assessment criteria.

Crowdfunding Homelend Mortgage Platform

We Developed a Decentralized Mortgage Lending Platform, Peer-To-Peer Serves Two Purposes
  1. Modernize old age mortgage loan system to be efficient, cost-effective, and customercentric.
  2. Expand home ownership opportunities for new generation of borrowers, meet their different lifestyles and needs.

How does it work?

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.


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 end-to-end origination processes, 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.

Homelend Token (HMD)

The HMD token is the fuel that drives Homer's peer-to-peer lending platform. Its main functionality is to provide access to the Homelend platform.

This utility token also plays an instrumental role in enabling a fast, seamless, easy-to-use, easy-to-use workflow.

All tokens can be converted to and from HMD

Schedule
Pre-Sales ....................... March 1, 2018 Crowdsale ................. TBD Close. ....................... TBD

Specification

Symbol .............................
Supply Total HMD ................ 250.000.000
Standard ........................
Face Value ERC-20 .................... 1 ETH = 1.600
Currency Received HMD ... BTC, ETH, USD
Softcap .............................. US $ 5,000,000
Hardcap. .......................... US $ 30,000,000
Bonus (ETH / HMD)

Week 1 ................................ 20%
Week 2 ............ ................... 15%
Week 3 ........................... ..... 10%
Week 4 and After ....... 0%

Allocation of Token


Use of Results


Roadmap


Team & Advisor


To contribute and Know the progress of this offer, you may visit some of the following Links:


The bitcointalk name: Aray80

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