faisal: Homelend - a platform that allows financing of decentralized generation homebuyer mortgages

https://homelend.io/

WHAT IS HOMELEND

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.

HIPOTEK LOANS ARE IN THE CORE OF COMMUNITY

Owning a home is one of the basic human needs - the need most people can only afford by taking out a mortgage loan from a bank. In the US alone, more than 8 million mortgage loans are granted every year.

AN ARCHAIC $ 31 TRILLION INDUSTRY YEARNING FOR DISRUPTION

The US mortgage market is worth $ 14 trillion, and the global market is expected to reach $ 31 trillion by the end of 2018. However, regardless of how socially and economically the market is, the traditional mortgage lending system remains very primitive.

This system relies on a long and complex paper-based process involving various intermediaries - a process loaded with inefficiency and overhead for borrowers and lenders. In addition, most mortgage loans are not affordable for a new generation of young borrowers, including millions of credit worthy individuals from getting a home loan because of the outdated assessment criteria.

How to Homelend platform

Homelend connects borrowers and lenders in a unique way, controlled by smart contracts, without involving intermediaries. The borrower will apply for a mortgage loan through Homelend's platform. This app will be checked and approved (or not) with the help of machine learning and artificial intelligence technology. Then, each lender will be able to finance the pre-approved loan by buying "Iris" from them. All processes will be controlled by the intelligent protocol of the contract, not by humans. In the Homelend platform, information gathering is done in an "all digital" way. Even data in paper-based documents should be transferred to a ledger based digital repository storage technology. This data is provided by the user and checked through a professional verification provider.

Financial flows in Homelend, the flow of financial resources from lenders to borrowers (and, finally, to sellers) run purely by smart contracts. There are financial services, controls or decision-making by Homelend Once the buyer receives pre-approval from the system, regarding certain properties, the mortgage loan is "registered" on the Homelend platform. Thus, the borrower has made a certain face, and the amount of credit is determined.

Business Model

Homelines are being developed as a blockchain solution that will significantly increase the likelihood of housing finance for many individuals and families. Our value proposition for a sensitive social and progressive approach anchored in P2P aims to use technology to benefit society. However, Homelend is also based on a healthy and profitable business model, which is conscious of reaching underserved market addresses. On the one hand, Homelend creates investment opportunities for many individuals, with solutions that unite traditional industries as real estate, with innovative technologies such as blockchain. On the other hand, it is possible for many people (who due to various circumstances, including the current limitations in traditional credit risk models do not have solid credit scores,

HOMELEND BENEFITS

From manual to long, efficient and efficient

By embedding business logic into smartly-established contracts, digitizing documentation and eliminating unnecessary processes, Homelend will automatically run the process of origin from end to end, cut from 50 days to less than 20.

From costly intermediaries to non and cost-effective intermediaries

The certainty, security and transparency provided by DLT makes it possible to record transactions, including loans, without the Bank acting as an intermediary. This will reduce the costs to borrowers and lenders, while minimizing the distance between them.

From clunky ambiguity to transparent and user-friendly

Homelend aims to create a loan process that is not only smart, but also simple and fair. This will enable borrowers will be able to easily apply for loans, track their application status anytime and interact directly with mortgage lenders.

From a vulnerable trusted and trusted safe

Paper-based processes and centralization are the main factors behind the insecurity and vulnerability that characterize the traditional mortgage industry. The unique characteristics of DLT and smart contracts allow Homelend to provide a platform for people to transact large sums of money reliably, transparently and securely

https://youtu.be/j6K2wmDn7Ug

EVENTS OF GENERATION TOKEN

In this chapter, we will expose the use of Token Generation Event ( TGE ) usage, function, and token characteristics, which is also known as Initial Coin Offering ( ICO ). This token, called simply "fused tokens" and identified as HMD tokens, will be fueled from the P2P lending platform, as will be discussed in more detail. The option to create a utility token has been carefully considered by the founding team, and it is based on some reason and purpose. Below we explain the reasons behind the issuance of HMD tokens.

The Token Homelend Token ( HMD ) token is a fuel that leverages Homelend's peer-to-peer lending platform. Its main functionality is to provide access to the Homelend Token platform this utility also plays an instrumental role in enabling a fast, seamless, easy-to-use and easy to use workflow.

TOKEN HOMELEND ( HMD )

The token HMD is a fuel that empowers Homelend peer-to-peer lending platforms. Its main function is to provide access to the Homelend Token platform utility also plays an important role in enabling a fast, smooth and user-friendly and secure integrated workflow

All Token can be converted to and from HMD

Specification