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.
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
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Would love to see more mortgage experts from the marketing & leading sales team side vs. technology. Definitely more from risk analysis business side and solutions around that because it seems like in the Whitepaper there's a desire to attract people with bad credit scores or otherwise have difficulties getting mortgages. Also would like to see a roadmap of the future that extends out past 2019 especially with a $30m hard cap raise.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
The Homelend founders launch the project with the incorporation of new company.
2
2017
The founders bootstrap the project with 1 USD million USD in contributions. A team of experts in technology and finance join the company. Design of the platform's concept and architecture begins. A first MVP is completed, based on client-server infrastructure. A second MVP is released, based on distributed ledger technology.
3
2018
DMC Homelend AG is incorporated in Zug, Switzerland(aka 'Crypto Valley'). Business and technical whitepapers are completed. Token Generation Event (TGE) pre-sale phase begins. TGE Public crowdfunding will be conducted and completed. Additional technology and finance experts will join the company.Homelend's beta version will be completed and the token's basic functionalities will be operational for early adopters, under the pure crowdfunding lending mechanism. Development of beta versions for pooling and auction lending mechanisms will begin.
4
2019
Homelend's platform 1.0 version will be tested on the testnet-feedback with Quality Assurance (QA) team. Development of smart agent for investment abilities in Homelend's platform will begin. Homelend's platform will to new markets.