Blockchain is becoming known as a technology of the future that can replace the technology currently used by companies and government agencies. Its network-like shape and decentralized nature are said to have many advantages if implemented. Blockchain and bitcoin have been the main topics in recent years, including their implementation in some sectors such as the mortgage loan industry.
One of its greatest benefits lies in better security, easier collaboration and other advantages related to the decentralization system. For security, decentralized systems are considered to be very efficient because cyber attackers will have difficulty paralyzing blockchain systems in the form of networks. At least more difficult than having to paralyze a single centralized server.
Blockchain also brings efficiency and benefits such as facilitating identity management and also helps to realize the tracking system and authenticity of the product as it can all be stored in the blockchain and synchronized to all blockchain networks. These solutions are considered to revolutionize the business and technology industry mortgage loan.
Mortgage is a debt instrument with the granting of mortgages of immovable assets such as property of the borrower to the lender as security against its obligations. Mortgage is usually associated with mortgage loans. In a housing mortgage, a home buyer promises his home to the bank. The bank has a claim on the house if the home buyer fails or fails to pay the mortgage. In the case of foreclosure, the bank can evict the tenant of the house and sell the house using the revenue from the sale to remove the mortgage debt.
Although home is so important to you and you get home through mortgage loans but mortgage loans remain complex - it involves a lot of paperwork, overhead and inefficiency. The number of documents that need to be collected and processed only for apps is large enough. Creating a new mortgage takes a long time for both the borrower and the lender. The process is still paper-based, in contrast to other financial areas that have switched to digital. In addition, the mortgage process continues to involve many parties, including buyers, sellers, financial institutions, rating agencies, appraisers, brokers and so on, making it more complex.
With the development of the digital world like blockchain technology that can be implemented into the world of mortgages we offer you the Homelend project. Homelend will provide innovative solutions through blockchain that are capable of addressing the issues mentioned above and improve efficiency, reliability, and transparency. This evolution will also overcome market failures stemming from pure economic logic. In this new market environment, Homelend develops an innovative platform that leverages the power of blockchain technology and will disrupt the mortgage industry. This will be done by opening up new P2P funding / investment opportunities, managing better information, and reducing origination costs by automating business processes with the help of smart contracts. Please read the following paragraphs to find out about Homelend. For more details on Homelend please visit the Official Website, read whitepaper and join on Telegram Homelend. If you are interested in the solution offered by Homelend please partition on ICO / TGE Homelend on this link. https://tokensale.homelend.io/
Homelend
Homelend is a platform based on Ethereum blockchain technology that works by embedding the business logic of mortgage lending into smart contracts. By creating a series of smart contracts that run business processes, Homelend allows individuals to borrow money from their peers in a trusted, transparent, and secure way. The main idea is that borrowers and lenders are not linked through financial intermediaries (ie central bank or P2P lending platform), but by smart contracts that automatically run predetermined business logic.They are subordinated to three main objectives, issuing a loan that:
- Makes possible the purchase of a property;
- Can be successfully paid back by the borrower; and
- Can be recovered to a satisfactory extent in case of default.
These processes can be divided into two fundamental types: information flows, and financial flows. Information flows are related to either the borrower or the property. Financial flows, on the other hand, are represented by the transmission of monetary resources from the lender to the seller (at origination).
In any case, Homelend’s platform reduces both the number of steps and people involved in originating a mortgage. As a result, efficiency increases in terms of time and costs.
The Homelend Advantage
- 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.
- 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.
- 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.
- 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
In addition there are many things offered by Homelend on the Official Website and detailed info please read whitepaper or view video in below. To enjoy the benefits offered by Homelend please participate in ICO / TGE Homelend.
Token Generation Event (TGE)
This token, simply called the "Homelend token" and identified as HMD tokens, will be the fuel of the P2P lending platform. Detailed info is below.
- Token Name : HMD
- Price 1 ETH : 1,600 HMD
- Platform : Ethereum
- Accepting : BTC, ETH, Fiat
- Minimum investment : 1,000 USD
- Soft cap : 5,000,000 USD
- Hard cap : 30,000,000 USD
- Country : Switzerland
- Whitelist/KYC : KYC & Whitelist
Token Fungctionality
The HDM token’s main functionality will be to offer access to the services provided by the platform. These services will either be provided directly by Homelend or through third parties working in coordination with Homelend.
For more information about Homelend, you can visit links below:
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Website : https://homelend.io/
Whitepaper : https://homelend.io/files/Whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3407541
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/
Join TGE : https://tokensale.homelend.io/
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Username Bitcointalk : Arifandi
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1566717
ETH Address : 0x8d05B599687942Ed4EC008a95EEAa9565B738924