HOMELEND [A MORTGAGE CROWDFUNDING PLATFORM]

yulius

HOMELEND building a blockchain-based, peer-to-peer mortgage lending platform.

Economic demands continue to be urgent, primary and secondary needs continue to grow as the times progress and and one of its problems is the low economic factor and the Mortgage Loan Being in the 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.

Homelend Developing a Decentralized, Peer-To-Peer Mortgage Lending Platform Serving Two Purposes

1. Modernizing the age-old mortgage lending system in order to make it efficient, cost-effective and customercentric.

2. Expanding home ownership opportunities for meetings, distinct lifestyle and needs.

How does it work?

By leveraging distributed ledger technology (DLT) and smart contracts, Homelend brings together individual borrowers and lenders on an end-to-end platform that streamlines and automates the entire mortgage origination process.

Why must HOMELEND ?

Homelend is being developedas a blockchain solution that will significantly increase the housing financing possibilities for many individuals and families. Our value proposition is socially sensitive and anchored in a P2P progressive approach that aims to use technology for society’s benefit. Nonetheless, Homelend is also based on a sound and profitable business model, which consciously reaches out to address an underserved market. On the one hand, Homelend creates an investment opportunity for many individuals, with a solution that unites a traditional industry as real estate, with an innovative technology like blockchain. On the other hand, it makes possible for many individuals (who due to various circumstances, including current limitations in the traditional credit risks models, do not possess a solid credit score but are otherwise creditworthy) to access to housing financing and solve one of their most basic aspirations: having a home of their own.

1. From manual & lengthy, to Streamlined & Efficient

By embedding pre-defined business logic into smart 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.

2. From Ambiguous & Clunky to 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.

3. From Costly Intermediation to 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.

4. From Vulnerable & Unreliable to 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

The HOMELEND Token (HMD)

The HMD token is the fuel powering the Homelend peer-to-peer lending platform. It’s main functionality is to grant access to the Homelend platform.

This utility token also plays an instrumental role in enabling a fast, smooth and user-friendly workflow that is unified and secure.

And all tokens can be converted to and from HMD.

Specifications

Symbol…………………………HMD

Total Supply………………….250,000,000

Standard……………………….ERC-20

Face Value…………………….1 ETH= 1,600 HMD

Accepted Currencies……….BTC, ETH, USD

Softcap………………………….US$ 5,000,000

Hardcap…………………………US$ 30,000,000