Homelend A Mortgage Crowdfunding Platform 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. Homelend is currently launching an ICO for raising capital to support our project. Our offering is conducting from Zug, Switzerland (a.k.a. Crypto-Valley), under the highest standards of security and trust
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. style='box-sizing: border-box;font-variant-ligatures: normal;font-variant-caps: normal; orphans: 2;text-align:start;widows: 2;-webkit-text-stroke-width: 0px; text-decoration-style: initial;text-decoration-color: initial;word-spacing: 0px' class="icon wow animate bounceIn animated" data-wow-delay=1s data-wow-offset=300 v:shapes="_x0000_i1026">
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.
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.
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
Homelend connects borrowers and lenders in a unique way, controlled by smart contracts, without involving middlemen. Borrowers will apply for mortgage loans through Homelend’s platform. These applications will be assessed and pre-approved (or not) with the help of artificial intelligence and machine learning technology. Then, individual lenders will be able to fund pre-approved loans by buying “slices” of them. All processes will be controlled by smart contract protocols, rather than by human beings
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 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.
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
Website: https://www.homelend.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3407541
Whitepaper: https://www.homelend.io/files/Whitepaper.pdf
Telegram community: https://t.me/HomelendPlatform
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