pragna10.10: HOMELEND- A blockchain-based, peer-to-peer mortgage lending platform.

Introducing Homelend platform

Homelend is decentralized platform enabling the next generation of homebuyer mortgage financing. Homelend creates an interface for direct interaction between borrowers, lenderes and other parties involved in the mortgage value chain. By doing so, it enables mortgage crowd funding using a peer-to-peer model with the security, transparence and automation provided by dirubuted ledger technology (DLT) and smart contracts.

How does the Homelend platform work?

Homelend connects borrowers and lenders in a unique way, controlled by smart contracts, without involving middlemen. Borrowers will apply for mortgage loans through Homelend’s platform. These applications will be assessed and pre-approved (or not) with the help of artificial intelligence and machine learning technology. then, individual lenders will be able to fund pro-approved loans by buying ``slices’’ of them. All processes will be controlled by smart contract protocols, rather than by human beings.

Why is Homelend is based on Blockchain technolog?

Homelens’s network architecture is powered by blockchain technology and Ethereum smart contracts in order to assure that all transactions are transparent, secure and trusted. All information gathered and generated in the process of origination a mortgage loan is saved in a decentralized database maintained by all users. This means that no one can manipulate the data or receive privilege on any transaction. In addition, blockchain technology increases liquidity for the lenders, enabling them to trade their investments directly with one another.

Today’s Mortgage Lending Industry:

Having a home is one of the basic human needs-a need most people are only able to afford by taking out a mortgage loan from the bank. In the U.S. alone, more than 8 million ortgage loans are granted every year.

The U.S. mortgage market is valued at $14 trillion, and the global market is expected to reach $31 trillioin by the end of 2018. Yet, dispite how central this market is both socially and economically, the traditional mortgage lending system remains incredibly primitive.

The system relies on lengthy and complex paper-based processes involving various intermediaries-processes that are laden with inefficiencies and overhead costs or both borrowers and lenders. Moreover, mortgage loans are largely unattainable for the new generation of young borrowers, excluding millions of creditworthiness individuals from obtaining home loans due to outdated assessment criteria.

Homelend Mortgage Crowdfunding Platform:

Homelend team developing a Decentralized. Peer-to-Peer Mortgage Lending Platrorm Sevring Two purposes:

1. Modernizing the age-old mortgage lending system in order to make it efficeent, cost-effective and customercentric.

2. Expanding home ownership opportunities for a new generation of borrowers, meeting their distinct lifestyle and needs.

By leveraging distributed ledger technology and smart contracts, Homelend brings together individual borrowers sand lenders on an end-to-end platform that streamlines and automates the entire mortgage origination process.

The Advantages of Homelend: