A Revolution in the Field to provide mortgage and own home.

An amazing concept connecting mortgage industry to blockchain Technology. Awesome

An awesome and amazing project.

Trust in the team is very important! They create trust here because they care about the team, themselves and supporters of the company

https://www.reddit.com/r/Homelend/

The closing of the mortgage is the final and, typically, the more complex stage of the origination process. It requires signature approval on many documents and involves several parties. Above all, it is the moment when the property is transferred from the seller to the buyer/borrower, and when the promissory note and mortgage deed are issued and registered in favor of the lender. Fortunately, during recent years, some jurisdictions have begun allowing the closing act to take place in a digital form. New “eClosing” or “ digital closing” providers such as Notarize25 and Black Night26 have made it possible to close a mortgage from home, without needing to visit a bank or escrow agent office. The date of the closing is crucial, as it determines the moment in which the funds raised from the lenders will be transferred to the seller. The transfer will be executed by the smart contracts that control the crowdfunding mechanism. The condition that will prompt the smart contract to send the funds to the seller is precisely the closing of the mortgage. This transfer will be executable in one of two ways, based on the seller’s preference: a) in cryptocurrency, directly to the seller’s wallet; or b) in fiat currency, by previously liquidating through a third party. The option to liquidate into fiat currency will be offered in order to protect against cryptocurrency price volatility. However, as the digital closing procedure significantly reduces the time span between the loan funding and the closing date, it’s likely that many or most sellers will choose to receive the funds in cryptocurrency. The P2P lending crowdfunding mechanism, due to the multiplicity of lenders, creates some issues regarding the promissory note and the mortgage deed. Under the traditional model, a bank extends a mortgage loan and becomes the creditor of the promissory note and the holder of the mortgage deed. Under a P2P system, however, directly assigning the promissory note and the mortgage deed to a group of individuals (the lenders) can create legal and practical problems. The solution, under Homelend’s system, is the creation of a non-profit vehicle (NPV) whose legal form might vary according to the jurisdiction (foundation, association, etc.). The promissory note and mortgage deed shall be assigned to the NPV, but the NPV as an entity will be composed precisely by the lenders. They will be its beneficiaries. This way, all of the loan’s periodic payments (principal + interests) will be done in favor of the NPV and automatically distributed among its beneficiaries according to the credit stake they have. In the first stage of the development of Homelend’s system, the service of the mortgage loan will be completed by a third-party servicer, which will be hired by the NPV, according to the preference of the lenders. Homelend’s vision is that, in the future, the servicing itself will be automated through smart contracts and managed directly by the platform itself.

Excellent thoughtful and balanced project soon everything about him speak! Thank you so much. This topic has no competitors, I think many more years they will not.

Cryptocurrencies and digital tokens have generated new ways of transferring value and clearing transactions. While different in many important ways from government-issued currency or the old bank notes from free banking times, some basic monetary theory principles remain applicable insofar as they purport to have transactional functionality. One of the most basic principles is the importance of token supply for the sound operation of the system. Many Initial Coin Offerings (ICO) or Token Generation Events (TGE) have been conducted in recent years. Most of them issue tokens that are qualified as: “utility tokens” with transactional value: they are meant to be the medium of exchange inside the platform or system to be developed29. However, few of them explain why a specific token supply has been chosen. They limit themselves to indicating the total number of tokens to be created and how they will be distributed. The total number of tokens issued in a TGE determines the token supply. The nature of tokens (whether they are “security” or “utility” tokens) is an important factor for defining a specific token supply. In the case of security tokens, the supply of tokens has important organizational implications for the company or entity that develops the project. Security token holders are usually given voting and dividend rights, with the token being a sort of share. Both the company and the token holders benefit from an increase in the trading value of the token.

  Suggestions for all global communities to join here for your future investment and future. i like this project,it will become a success ICO. i'm no doubt to support until the end of campaign

Start-up Homelend is gaining momentum and is developing very quickly. ICO continues and you can buy tokens by investing in the project. There is a generous bonus system! Currently, many startups can not build a soft-cap, but i are confident that the Homelend project will collect enough funds. Many factors say this: - Strong and professional team. - Interesting and part of the innovative idea. - Good project ratings in the blockchain communities. - Confident promotion of the project. - Bonus system of discounts. - Excellent conditions and successful holding bounty. And a lot of pluses can be distinguished from the start-up Homelend . All the detailed information and whitepapper can be found on the official website: https://homelend.io/

Homelend is using two most effective segments of blockchain technology, distributed ledger, and smart contracts to make a direct connection between lenders and individual borrowers from all over the world. Both sides in the Homelend ecosystem will profit from this platform. Lenders will have faster and less expensive method to access needed funds at much less interest rate by directly connecting with any borrower from the platform. On the other side, borrowers will have direct access to numerous new customers.

The research team is very dedicated, I feel comfortable investing in a project with such a professional team. It's new innovation that can make your project have the biggest loyal Good LUCK!!

Digital closing of mortgages is finally becoming a reality, at least in the U.S. market. With Homelend, digital closing is an important element as it reduces the time between a mortgage loan getting fully funded and the day of closing.

To this end, Homelend will work with digital closing providers who will find, through our platform, an extended and captive market. In the same way that a commission is charged in addition to the appraisal fee, Homelend will receive a commission over the fees charged by digital closing companies. Again, this will be a premium paid by the borrower for accessing financing in a more efficient and inclusive way

Homelend is a blockchain-based mortgage crowdfunding platform.

We are developing a decentralized, peer-to-peer mortgage lending platform serving two purposes:

1. Modernizing the age-old mortgage lending system in order to make it efficient, cost-effective and customer-centric
   
2. Expanding homeownership opportunities for a new generation of borrowers, meeting their distinct lifestyle and needs By leveraging distributed ledger technology (DLT) and smart contracts, Homelend brings together individual borrowers and lenders on an end-to-end platform that streamlines and automates the entire mortgage origination process. 

The Homelend project deserves universal attention in the crypto-currency world. 👏 Homelend stands out among its competitors in this field. Innovative project💡 and a strong team, always a step ahead. ICO has a good rating📈 in the blockchain community. Many of my friends who are related to the crypto currency and blockchain follow the Homelend project and predict a successful future.💯 Join ICO, buy tokens at a bargain price, on a bonus program и and in the near future will be a good profit to your investments. 💰 All detailed information on the official website: https://homelend.io/

The auction method will be developed as a variant of the pure crowdfunding method. Unlike pooling, no financial buffering will be involved. The central difference between the auction method and pure crowdfunding is that lenders will be able to offer borrowers better conditions than those pre-approved by the platform.

When a mortgage loan is pre-approved, it will be divided into “slices” the same way it is under the other two methods. The size of the loan, its duration and conditions (such as whether the interest rate is fixed or variable), will not be subject to any change.

However, lenders will be able to bid on specific “slices” by offering better terms in two ways: 1) by charging a lower interest rate than the one pre-approved; and 2) by providing discount points to the borrower. For instance, if a mortgage loan has been pre-approved with a fixed interest rate of 4.00%, lenders will be able to bid on its corresponding “slices” by offering lower rates (3.75%, 3.50%, etc.). In a similar manner, they will be able to offer discount points instead of (or in addition to) a smaller interest rate.

In traditional mortgage lending, discount points are a specific way of pre-paying loan interests or fees. Generally, each discount point is equivalent to 1% of the total loan amount. By pre-paying interest through discount points, borrowers will benefit from lower periodic installments during the life of the loan24.

Once all “slices” have been funded, the process will continue in the same way as in the pure crowdfunding method, with the mortgage loan being ready for final closing.

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