Homelend - a blockchain-based, peer-to-peer mortgage lending platform
Owning a home is one of the basic needs of man. Most people can only pay by borrowing money from the bank. In the US alone, more than 8 million mortgage loans are issued each year.
A $ 31 billion Yearning industry 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 the mortgage market, traditional mortgage lending The system is still very primitive.
Where this system relies on a long and complex paper-based process involving a variety of intermediaries - a process that is loaded with inefficiencies and costs for borrowers and lenders. In addition, most mortgage loans are not affordable for a new generation of young borrowers, including millions of trusted homeowners who receive a home loan because the rating criteria are defective time.
That is why Homelend project was born.
What is Homelend?
Homelend is an Israeli startup that uses the power of Blockchain technology to break the mortgage industry with $ 31 trillion. Our company is developing a mortgage loan underwriting platform under the community mobilization mechanism, allowing individuals to fund / invest in mortgage loans, use smart contracts and the Blockchain protocol is fully automatic. In the coming months, we will launch ICO made from Zug, Switzerland (aka Crypto-Valley), according to the highest security and reliability standards.
What is the problem with Homelend?
Applying for a traditional mortgage is a complex undertaking. At the same time, with shade being an essential element for humanity and survival, the increasing complications in acquiring mortgages is quite ironic. Getting your home through a mortgage loan involves a legal agreement in which the bank lends the interest, and guarantees the loan with the debt on the property purchased (mortgage). Joint presence until total debt is paid.
Implementing this system requires a lot of procedures to determine the security of the loan involved. Hence, many documented activities, involving many different actors and platforms. All these practices lead to the collection of information that can demonstrate the stakeholders, especially borrowers and all connected intermediaries. As a result, many surveys and data analyzes are often relevant, claiming considerable time and other resources, as the case may be.
The Wall Street Journal is announcing a new housing crisis: housing shortages and first home mortgages. Homelend can solve half of this problem and it is important that they do.
Advantages provided by Homelend:
From manual and time to effective & effective
By putting predefined business logic into smart contracts, digitizing documents and eliminating unnecessary processes, Homelend will automatically start from start to finish, cutting from 50 days to under 20.
From Ambigu & Clunky to Homelend Users are transparent and user-friendly to create a non-smart loan process that is simple and straightforward. This will allow borrowers to easily apply for loans, monitor their application status at any time and interact directly with the mortgage lender.
From the Intermediate Cost to Cost-Effectiveness & Free-Intermediate, toned, security and transparency provided by DLT can record transactions, including loans, without banks. Intermediate. This will reduce costs for borrowers and lenders while minimizing the gap between them.
The process of being unreliable and unsafe The paper-based and focus-based process is the main factor behind the insecurity and vulnerabilities typical of the traditional mortgage industry. The unique features of the DLT and smart contract allow Homelend to provide a platform for people to trade large amounts of money in a reliable, transparent and secure manner.
Here are the reviews that I recommend to you in looking for information and know the HOMELEND project is currently being run by their team, if there is no explanation for this article, do not worry, I Have set up a link so you get the exact information and of course you will be able to talk directly to the founder or their team, at the link :
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WEBSITE: https://homelend.io/
Whitepaper: https://homelend.io/files/Whitepaper.pdf
TWITTER: https://twitter.com/homelendhmd
FACEBOOK: https://www.facebook.com/HMDHomelend/
điện tín: https://t.me/HomelendPlatform/
MEDIUM BẠN: https://medium.com/homelendblog
LinkedIn: https://www.linkedin.com/company/18236177/
Reddit: https://www.reddit.com / r / Homelend /
ANN THREAD: https://bitcointalk.org/index.php?topic=3407541
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Author:
Bitcoin Talk Username: hieuvm1991
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1861270
Ethereum Adress: 0x103Ba1E2f25029f95fA379125e6BCfF76F2f525A
Thank you for reading!