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.
Problem
Every common man wants some basic things such as shelter, holiday trips and children’s education, these are needs that we can fulfill without borrowing money also but what if want something extra, most of the people go for the mortgage loan.
Statistics clearly describing about the mortgage industry. It is the one of the major financial sector in the United States.
Even though mortgage loans are popular and important still it has complicity in the processing, it involves lot of paper work, unnecessary costs and inefficiencies, all the financial areas are already digitalized now it’s time to adopt technology in the mortgage industry.
Solution
To disrupt the tradition mortgage loan processing system Homelend came up blockchain integrated mortgage loans.
Mortgage value chain consists of three phases origination, servicing, securitization Origination consists of all the legal formalities related to loan, servicing is done by mortgage lender and finally securitization is the marketing of financial assets simply understand as Mortgage Backed Securities (MBS).
Role of blockchain
Blockchain based distributed ledger stores the records of data in various locations called blocks so that no one can alter the database. It enhances the efficiency and trust in the system.
Role of Smart contract
Smart contract executes certain actions such as automatic execution of an obligation when the specified input is entered. It is used for automation purpose (without human intervention) it brings several other benefits. For instance, less reliance on physical documents increases efficiency and diminishes delays, errors and fraud.
Homelend mortgage lending platform consists of features like P2P Lending and the Mortgage industry and Homelend’s P2P mortgage lending mechanism.
Its P2P lending methods consists of Crowdfunding method, Pooling method, Auction method
Homelend issues token called “HMD” in the initial coin offering, this can be used in the internal ecosystem of Homelend platform
Token matrix:
- Token Symbol-HMD
- Total Supply-250,000,000
- Standard: ERC-20
- 1 ETH= 1,600 HMD
- Accepted Currencies: BTC, ETH, USD
- Softcap: 5,000,000 USD
- Hardcap: 30,000,000 USD
- Pre-Sale-March 1, 2018
- Crowd sale- To Be Announced
Team
Itai Cohen- Chief Executive OfficerItai holds an MBA in Finance, a BA in Economy, and is a CPA (Israel). He has wide global financial experience, including eight years as senior manager at KPMG. He has been a team leader in complex consulting projects, including worldwide tax planning, IPOs & M&As.
Netanel Bitan- Chief Technology OfficerNetanel holds a BSc in Computer Science. He has more than eight years of experience as a senior engineer and team leader in several high-tech companies, including Perion, an Israel-based ad-tech company providing engagement and monetization solutions for web- and mobile-based digital businesses. He has expertise in Big Data, microservices, P2P platforms and blockchain technology.
Ricardo Henriquez -Chief Innovation OfficerRicardo holds an MBA in International Business (EAE/UPC-Spain). He is professor of strategic management at EAE Business School, Barcelona, and has more than five years of experience in innovation and entrepreneurship coaching and consulting. He was Chief Financial Officer at BlockGemini FZ-LLC, an international blockchain developing company based in Dubai.
Homelend demo is available in their website
Idea of the project looks great, as it is bringing the technology in the mortgage industry which has huge global potential
Executive team members are well experienced in financial filed as well as blockchain
Website and whitepaper explanation is very clear
Roadmap is very clear about the milestones to be achieved
Advisory team members have no prior experience of blockchain technology
Partnered companies are not strong
Social media hype is average, its telegram community has around 3k members.
More visit Links:
Website: http://www.homelend.io
Whitepaper: https://homelend.io/files/Whitepaper.pdf
Telegram: https://t.me/HomelendPlatform
Twitter: https://twitter.com/HomelendHMD
Facebook: https://www.facebook.com/homelend.hmd.35
Bitcoin talk Username: annasputra
My wallet: 0x2c524Fe99B79e3Ef06C5109ff17279472f8a9212
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