The Never-Ending Mortgage Application Process Explained Have you tried to seek mortgage to buy your first home? Well, if you haven’t been a participant to that process, I suggest you first look into the below articles on google about how difficult and boring it can be to get a mortgage. Article 1 below: ![](https://cdn.steemitimages.com/DQmbAoNNpB1tGQ4ZbFKwvSuscedbk4gVXNq43aKJraYLD5m/image.png) Article 2 below: ![](https://cdn.steemitimages.com/DQmZwmMWhyyYvZYhnku4Khvcv3qoEY1fKw99KgdaUaaYEAK/image.png) Article 3 below: ![](https://cdn.steemitimages.com/DQmZY5gpuRkFBCiegg11nivk11GWyeXmp3hxafxgyyp1gVR/image.png) Article 4 below: ![](https://cdn.steemitimages.com/DQmVq6rpvb39Sjbao6d8YUtNBGRpNBEXdyUJqKm67cLnSL3/image.png) Clearly, the process of obtaining a mortgage to purchase a new home can be extremely tedious and frustrating. It requires mountain of documentation, broker and banker meetings, home inspections, lawyer meetings, and also the need to manually review and sign tons of forms and contracts. This all leads to a waiting game and also increase the risk of human error. Introduction to Block66 Block 66 is an innovative solution to the above outdated and ineffective process. This blockchain based platform makes it quick and easy for prospective home owners to connect with lenders – also ensuring transparency, security and efficiency in the process. The B66 token fuels the platform bringing the power of blockchain technology to the loan industry. The platform collects relevant documentation and eliminates time waste and human errors. This all ends up to quick loan approval. With Block66 you can finance your mortgage faster, cheaper and simpler. ![](https://cdn.steemitimages.com/DQmVaBordtS743uuUadRwrgTpKJ2cs9yLe13PB4anx6BZBK/image.png) Problem: The mortgage market in the USA is $9.9 trillion dollars, $32.9 trillion worldwide, and growing but risk averse institutions are reluctant to lend to many creditworthy consumers. Willing small lenders struggle to enter the space at scale. Existing processes and technology are cumbersome and siloed, compounding the problem for borrowers. Solution: Block66 streamlines the entire mortgage software and operations stack. For brokers, a one-stop-shop, including credit scoring, property appraisals and lender matching. For lenders of all sizes, a sustainable loan pipeline, auditing tool and mortgage securitization platform. For borrowers, a quick, hassle-free way to access the best credit opportunities. Mission: Block66 is on a mission to shake up the mortgage lending landscape by building the world's first blockchain enabled mortgage lending network. The network will eventually seek to span borders, connecting private and institutional lenders with borrowers worldwide. All mortgages will be issued and managed on the blockchain. How Block66 will look: The decentralised Block66 platform leverages blockchain technology. The platform matches borrowers looking for mortgage with lenders, helps reduce mortgage fraud and allows for mortgages to be issued on the blockchain helping to cross borders and support blockchain only property purchases. ![](https://cdn.steemitimages.com/DQmSVgxD71ioNedRA3Sb5QmtsSXWkDGzdFFkYcdLPpvyBRs/image.png) Block66 RoadMap Q1 2017: Block66 is conceived. Work begins on drafting the whitepaper and contact is made with some early advisors and team members. Q4 2017: Planning work begins on the Block66 platform. User journeys and operating flows are designed for the matching engine. Q2 2018: TGE launch coming soon. Office build out begins. Wireframing and prototypes of platform produced. Q3 2018: Ramp up marketing and business development efforts. Form "Block66 Alliance" of customers. Move aggressively into product planning and design. Q4 2018: Alpha testing phase with first customers using the platform. First "Block66 Alliance" report. Q1 2019: MVP Launch, with first batch of on-chain loans funded and distributed via the network. Q3 2019: Loan tokenization. Network users can trade on-chain securities on a fractional basis, with smart contracts ensuring that loan repayments are distributed to all token holders. Partners: ![](https://cdn.steemitimages.com/DQmfQTgHSf1RYgtCL5DdRdQKrrKSZjU7DmVcvPjhUkiGL2Q/image.png) Token Details • Token Ticker: AZS • Hard Cap: $12.285m USD • Token pre-Sale date: TBD • Pre-Sale price: $0.07 USD • Technical specification: ERC20 Token • Max Potential supply: 300,000,000 • Token Sale: 135,000,000 • Token Price: $0.10 USD Token Allocation: • Reserve: 40% • Pre-Sale: 16.6% • Main-Sale:34.4% • Advisors and bug Bounty: 9% Budget Allocation: • Business Development: 30% • Engineering: 40% • Marketing: 15% • Operations: 15% Key Team Members: CEO – Joe Markham: Startup experience across mobile technology, app development and software sales. Named one of Canada's Top Newcomers to the Canadian Mortgage Industry in 2015. CTO – James Tuckett: Previously founder of peer-2-peer specific online brokerage investUP.co as CEO / CPO. Tech lead at Point with clients ranging from Deutsche Bank to Lloyds of London. Solidity Developer- VISHAL KARANGUTKAR: Expert in blockchain technologies, Ethereum, NEO, EOS. Previously principle engineer at Fidelity Investments. Key Advisors: SHINGO LAVINE - FOUNDER & CEO OF ETHOS KAMIL MIECZAKOWSKI - VENTURE CAPITALIST PIPER MORETTI - CEO OF CRYPTO REALTY GROUP HAKIM THOMPSON - CEO OF STEM LENDING ROB BESWICK - CHIEF COMMERCIAL OFFICER AT VIRGIN MOBILE MAURICE HERLIHY - PROFESSOR OF COMPUTER SCIENCE AT BROWN UNIVERSITY Block66 Social Media Links for reference: All readers are encouraged to do their own research while investing in the ICO. Below are some of the links that will help you in your research. • Telegram link: https://t.me/block66_Official • Facebook link: https://www.facebook.com/Block66Official • Twitter link: https://twitter.com/Block66_io • YouTube Channel link: https://www.youtube.com/channel/UCHBDzsJ5aKcYr02lrDVxoag • Reddit link: https://www.reddit.com/r/Block66/ • Medium Link: https://medium.com/@block66 • Website: https://block66.io/ • Whitepaper: https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view It is recommend that you research about the team on LinkedIn. If you have any questions, feel free to leave a comment below for me to answer your questions about this project. For more details on the project, please visit https://block66.io/, and read the whitepaper at https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view BNTY username: durgeshgurnani