Homelend is a decentralized platform enabling the next generation of mortgage financing for homebuyers. Homelend creates an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. In 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.
MORTGAGE LOANS ARE AT THE HEART OF SOCIETY
Having a home is one of the basic human needs - a need that most people can only afford by taking out a mortgage with the bank. In the United States alone, more than 8 million mortgages are granted each year.
ARCHAIC INDUSTRY OF $ 31 BILLION YEAR FOR DISTURBANCE
The US mortgage market is valued at $ 14 trillion and the global market is expected to reach $ 31 trillion by the end of 2018. Yet despite the social and economic nature of this market, the traditional mortgage system remains incredibly primitive .
The system relies on long and complex paper processes involving various intermediaries - processes that are loaded with inefficiencies and overhead for both borrowers and lenders. In addition, mortgages are largely inaccessible to the new generation of young borrowers, excluding millions of creditworthy individuals from obtaining mortgages due to outdated valuation criteria.
THE ADVANTAGE OF HOMELEND
Frommanual and long, to streamlined and effective By integrating predefined business logic into smart contracts, digitizing documentation, and unnecessarily eliminating processes, Homelend automatically performs an end-to-end boot process, reducing it from 50 days to less than 20 days.
Fro costly intermediation to a cost-effective and unmediated solution The immutability, security and transparency offered by DLT make it possible to record transactions, including loans, without the banks acting as intermediaries. This will reduce costs for borrowers and lenders while minimizing the distance between them.
From Ambiguous & Clunky to Transparent & Friendly
Homelend aims to create a lending process that is not only smart, but also simple and fair. It will allow borrowers to easily apply for a loan, track the status of their claim at any time, and interact directly with mortgage lenders.
Vulnerable and unreliable to Trusted & Secure
Centralization and paper-based processes are key factors in the insecurity and vulnerability that characterize the traditional mortgage industry. The unique features of DLT and Smart Contracts allow Homelend to provide a platform for people to process large amounts of money reliably, transparently and securely.
All tokens can be converted to and from HMD
The symbol : HMD
Total inventories : 250 million +
Standard : ERC-20
Nominal : 1 ETH = HMD 1,600
Currency : BTC, ETH, USD
Softcap : US $ 5 million
Hardcap : US $ 30 million
Pre-Sales : March 1, 2018
Crowdsale : Closure
TBD : TBD
The Homellend Founders Launch the project with the incorporation of a new company.
The Founders Bootstrap the project with $1 million in contribution.
A team of experts in technology and finance join the company, design of the platform’s concept and architecture begins.
A First MVP is completed, based on client server infrastructure.
A Second MVP is released, based on distributed ledger technology.
DMC homelend AG is incorporated in ZUG, SWITZERLAND
Business and Technical whitepaper are completed.
Token Generation Event (TGE) pre-sale phase begins
TGE public crowdfunding will be conducted and completed.
Additional technology and finance experts will join the company.
Homelend’s beta version will be completed and the token’s basic functionalities will be operational for early adopters, under the pure crowdfunding lending mechanism.
Development of Beta version for pooling and auction lending mechanism will begin.
Development of smart agent for investment abilities in Homelend’s platform will begin.
Homelend’s platform will expand to new markets.
MORE INFORMATION FOLLOW LINK BELLOW:
Ann Thread: https://bitcointalk.org/index.php?topic=3407541