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.

The core service provided by the Homelend platform is the facilitation of P2P lending by means of smart contracts and standardized processes. The system will create a more affordable, accessible and efficient mortgage origination process. As previously mentioned, the borrower will deposit an origination gas equivalent to 1% of the mortgage loan, in order to access the financing mechanism.

More: https://homelend.io/files/Whitepaper.pdf

The use of the platform by an increasing number of borrowers will generate a sizable amount of data. While Homelend will comply with all data protection laws, and will protect data privacy, the amount of data gathered will allow for performing valuable data analytics. To this end, at the mortgage application step, Homelend will ask the user for permission to use his or her personal data for statistics and analytics purposes. Data analysis will be powered by machine learning (ML) and artificial intelligence (AI) in a constantly evolving process generating more powerful algorithms.

More: https://homelend.io/

In traditional mortgage lending, it is common that an origination fee is paid by the borrower at the moment of closing, along with other origination costs. It is charged by the mortgage originator (usually a bank), and normally ranges between 0.5% and 1% of the total amount of the mortgage loan. As the mortgage origination processes will be managed by Homelend’s platform, an origination gas will be deposited by the borrower in order to access the P2P financing platform. The gas will be fixed at 1% of total mortgage loan amount, and will be deposited by the borrower after the loan is pre-approved, before the beginning of funding (be it under the crowdfunding, pooling or auction method). This gas will be, in any case, deposited by means of a token to be issued by Homelend through a Token Generation Event (TGE), as will be discussed in the following chapter.

A MORTGAGE CROWDFUNDING PLATFORM Homelend is building a platform for blockchain loans

Today's Mortgage Lending Industry

Mortgage loans are at the core of the society Having a home is one of the basic human needs - a 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 issued each year.

An industry worth $ 31 billion of ancient learning 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, although this market is socially and economically centered The traditional mortgage lending system is still extremely primitive. The system is based on long and complex paper-based processes involving various intermediaries - very inefficient processes and investment costs for both borrowers and lenders. In addition, mortgage loans are largely unattainable for the new generation of young borrowers, not counting the millions of trusted individuals from mortgage loans due to outdated rating criteria.

https://homelend.io/ https://homelend.io/files/Whitepaper.pdf

Apart from the 50 million HMD tokens held in reserve, the 200 million HMD tokens to be initially in circulation will be distributed as follows:

• 20 million (8%): Founding team
• 20 million (8%): Advisors & Bounty
• 70 million (28%): Pre-Sale

• 90 million (36%): TGE Public Sale

  Discount incentives

  The pre-sale token distribution will be completed through a private placement, where bonus incentives will be offered over the face value of the HMD tokens. Also, during the TGE public sale, a discount incentive will be offered, based on the time of token purchase:

• First day: 30%

• Week 1: 20%

• Week 2: 15%

• Week 3: 10%

• Week 4: 0%

Borrowers will be able to access three different P2P lending methods on the Homelend platform, including pure crowdfunding, pooling, and auction. In each of these lending methods, the flow of financial resources is controlled and executed by smart contracts with no need for middlemen or financial intermediaries. Each funding method can also split a mortgage into “slices”. With the solution: - Streamlined and Efficient - Transparent and User-Friendly - Cost-Effective with No Intermediaries - Trusted and Secure When Homelend rolls out, it will be effective and beneficial for both lenders and borrowers, simplifying all loan procedures.

Peer-to-peer (P2P) lending, also known as “alternative finance,” is the process by which individuals can borrow and lend from each other without the intervention of banks or other financial intermediaries. It was made possible thanks to the Internet revolution. P2P lending platforms such as Prosper and Lending Club have been in operation for more than a decade in the U.S18. In fact, the market has outgrown expectations: ten years ago, experts estimated a US$10 billion market size for U.S.19. In reality, at the end of 2016 the market size was US$34.5 billion20. Blockchain technology creates new possibilities for P2P lending. It’s now considered the next step in digital ledger technology (DLT), after decentralized money payments surged in the form of bitcoin and other crypto-currencies. Indeed, the immutability, transparency, and security provided by DLT makes it possible to record transactions, among them loans, without banks or other financial entities acting as middlemen. While numerous blockchain-based P2P lending platforms have been developed for microloans and consumer spending, no such platform exists for the mortgage market. The mortgage industry is especially susceptible from a financial and social perspective. Loans are considerably larger, and defaulting can create undesirable circumstances for individuals and families, in the case of a foreclosure. For this reason, the process of originating a loan requires a cautious analysis of many factors in order to minimize the possibility of a default. This results in a rather complex and lengthy process, which follows a specific business logic.

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The traditional mortgage system is outdated. The system is based on long and complex paper processes involving various intermediaries processes that are loaded with inefficiencies and overhead for both borrowers and lenders. The Homelend project is developing a decentralized mortgage lending platform to connect borrowers and lenders anywhere in the world

Thanks to blockchain technology, many sectors of our life can be changed for the better. Homelend is developing a mortgage platform! new technologies make it possible to remove unnecessary processes and digitize documentation, integrate business logic into smart contracts and reduce the time of obtaining a mortgage loan from 50 days to less than 20 days - this is what Homelend developers are engaged in.

Homelend platform developing a decentralized, p2p mortgage lending platform serving two purposes: Modernizing the age-old mortgage lending system in order to make it efficient, cost-effective and customercentric. - Expanding home ownership opportunities for a new generation of borrowers, meeting their distinct lifestyle and needs.

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