Homelend – ICO Details – ICODaddy

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Homelend - Homelend

Homelend

Real Estate

A Mortgage Crowdfunding Platform

About ICO

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. Homelend is currently launching an ICO for raising capital to support our project. Our offering is conducting from Zug, Switzerland (a.k.a. Crypto-Valley), under the highest standards of security and trust.

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From manual & lengthy, to 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.

From Ambiguous & Clunky to 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.

From Costly Intermediation to 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.

From Vulnerable & Unreliable to 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

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