Homelend

The mortgage industry is evolving toward innovative solutions, capable of dealing with the aforementioned problems and of increasing efficiency, reliability and transparency. This evolution will also address market failures derived from a purely economic logic. In this new market environment,Homelend is developing an innovative platform that taps into the power of blockchain technology and will disrupt the mortgage industry.

Many areas in the financial world have been disrupted by the Internet revolution. However, mortgage lending, despite being one of the largest areas, is still generally conducted under the same traditional system. The mortgage value chain has grown in complexity during the past three decades, due to the trend towards securitization, which has significantly amplified financial supply. Nevertheless, mortgage lending processes remain mostly paper-based and involve many players, making them complicated, tedious and slow.

The mortgage value chainconsists of three distinctive stages or phases: origination,servicing, and securitization.

Origination is the process of applying for and closing a mortgage loan. Servicing involves executing the obligations that arise from the loan during its lifespan (e.g.monthly payments of principal plus interests). Securitization is the issuing of financial instruments called mortgage-backed securities (MBS). Both servicing and securitization take place after origination has been completed.

Today’s Mortgage Lending Industry

Mortgage Loans Are at the Core of Society

Having a home is one of the basic human needs – a need most people are only able to afford by taking out a mortgage loan from the bank. In the U.S. alone, more than 8 million mortgage loans are granted every year.

An Archaic $31 Trillion Industry Yearning for Disruption

The U.S. mortgage market is valued at $14 trillion, and the global market is expected to reach $31 trillion by the end of 2018. Yet, despite how central this market is both socially and economically, the traditional mortgage lending system remains incredibly primitive.

The system relies on lengthy and complex paper-based processes involving various intermediaries—processes that are laden with inefficiencies and overhead costs for both borrowers and lenders. Moreover, mortgage loans are largely unattainable for the new generation of young borrowers, excluding millions of creditworthy individuals from obtaining home loans due to outdated assessment criteria.

Homelend Mortgage Crowdfunding Platform

We Are 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 a new generation of borrowers, meeting their 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.

Homelend’s business model

Homelend will generate revenues from origination gas and selling discount points, as is typically done in the mortgage industry. All deposits will be completed in Homelend tokens (HMD).

Homelend is based on blockchain technology

Homelend’s network architecture is powered by blockchain technology and Ethereum smart contracts in order to assure that all transactions are transparent, secured and trusted. All information gathered and generated in the process of originating a mortgage loan is saved in a decentralized database maintained by all users. This means that no one can manipulate the data or receive privilege on any transaction. ]

In addition, blockchain technology increases liquidity for the lenders, enabling them to trade their investments directly with one another

The Homelend Advantage

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.

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.

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.

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.

All tokens can be converted to and from HMD.

Timetable

Pre-Sale March 1, 2018

Crowdsale TBD

Closure TBD

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

Bonuses (ETH/HMD)

Week 1 20%

Week 2 15%

Week 3 10%

Week 4 and After 0%

Token Homelend Use of Proceeds & Token Allocation

Homelend tokens are “utility tokens”

Utility tokens give access to a platform. Homelend tokens (HMD) are utility tokens that will serve as the fuel powering the Homelend system.

Functionality of HMD tokens

HMD tokens will be used for purchasing services and paying fees within the Homelend platform. This token is based on the ERC-20 Ethereum standard

Team & Advisers

Asher D

Chairman

Itai Cohen

Co-founder/CEO

Netanel Bitan

Co-founder/CTO

Ricardo Henriquez

Chief Innovation Officer

Amir Nahmias

Chief Business Officer

Michael Tanfilov

Strategic Planning Director

Kanat Tulbassiyev

Blockchain Director

Ran Stivi

Software Developer

Vinod Morkile

Software Developer

Sol Alvarado

Graphic Designer

Eliran Madar

Business Development & Investors relationship

Dovi Frances

Founding Partner Of SGVC

David M

Mortgage Banking Consulting Advisor

Daniil Morozov

Financial Consulting Advisor

Raghuram Bala

Lead Architect Advisor

Ido Samuelson

Blockchain Expert Advisor

Yoram Uzan

Real Estate Entrepreneur Advisor

Marc Kenigsberg

Tokenomics And Data Management Advisor

Adina Haham

Business Growth Advisor

Danny Coddy

Appraisal Expert Advisor

More Information Contact :

Website : https://homelend.io/

Whitepaper : https://homelend.io/files/Whitepaper.pdf

Facebook : https://www.facebook.com/HMDHomelend/

Twitter : https://twitter.com/homelendhmd

Telegram : https://t.me/HomelendPlatform/

Medium : https://medium.com/homelendblog

Linkedin : https://www.linkedin.com/company/18236177/

Reddit : https://www.reddit.com/r/Homelend/

ANN : https://bitcointalk.org/index.php?topic=3407541

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