Remember those days when sending a telegram would take like a few months until it would actually receive its right address? People would count the number of words to use because of its cost…

Well I honestly don’t remember those times and I’m sure you also don’t :)

And that’s because the world has improved so much since then!

Alexander Graham Bell invented the telephone. Rich people were able to afford a telephone which would probably be located in the hallway. Whenever it would ring, everyone would jump and run out of excitement to answer the telephone and hear who was at the other side of the line.

Who then, would ever think that there would come one day in which every human being on the universe would be walking around with a smartphone in their pocket. A wireless phone, small and with all the information you would ever think of in just one click?

And not only one brand or one type of smartphone… but many choices, sizes, colors and brands: iPhone or Android, Samsung, Nokia or LG?

Well yes, the world has improved a lot!

Nowadays you won’t see someone calling from an 1876-year-old telephone…

Because many activities are done in a more efficient, faster and easier way. In other words: the world changed and became better.

And it still does!

Now, I would like to discuss with you the concept of a mortgage loan. Well, everything in the world has become so much faster and easier to reach. But yet when it comes to getting a mortgage loan, for several reasons, it still is a headache…

You need to go through dozens of financial records and fill out countless forms, scan, mail, paper, paper and again paper documents. There are delays and data mistakes. Yes, that really is a huge headache.

In 2008 Satoshi Nakamoto invented the Bitcoin. That was the beginning of the blockchain revolution, which has made a huge impress on many people around in the world.

A blockchain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data.

By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.

For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

Welcome to Homelend!!!

A MORTGAGE CROWDFUNDING PLATFORM

We’re building a blockchain-based, peer-to-peer mortgage lending platform serving two Purposes:

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

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

How does it work?

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.

So yes, the mortgage industry will also be improved thanks to Homelend!