elphi: a business plan to streamline the mortgage lifecycle through blockchain
Thesis: M.B.A., Massachusetts Institute of Technology, Sloan School of Management, 2019
| Main Authors: | , |
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
| Published: |
Massachusetts Institute of Technology
2019
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| Online Access: | https://hdl.handle.net/1721.1/122398 |
| _version_ | 1811087061988409344 |
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| author | Shalev, Eilon. Micley, David |
| author2 | Adrien Verdelhan. |
| author_facet | Adrien Verdelhan. Shalev, Eilon. Micley, David |
| author_sort | Shalev, Eilon. |
| collection | MIT |
| description | Thesis: M.B.A., Massachusetts Institute of Technology, Sloan School of Management, 2019 |
| first_indexed | 2024-09-23T13:39:10Z |
| format | Thesis |
| id | mit-1721.1/122398 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T13:39:10Z |
| publishDate | 2019 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1223982019-10-05T03:03:10Z elphi: a business plan to streamline the mortgage lifecycle through blockchain Business plan to streamline the mortgage lifecycle through blockchain Shalev, Eilon. Micley, David Adrien Verdelhan. Sloan School of Management. Sloan School of Management Sloan School of Management. Thesis: M.B.A., Massachusetts Institute of Technology, Sloan School of Management, 2019 Cataloged from PDF version of thesis. Includes bibliographical references (pages 30-32). The mortgage industry is the largest debt market in the U.S. entailing ~$10 trillion. The average processing time from mortgage application to closing is 45 days. More than 10 different stakeholders contribute to the process of mortgage origination, and they all use different types of technology to perform their parts. As such, coordinating and syncing all stakeholders is a complicated task, and therefore stakeholders revert to personalized yet inefficient communication channels, such as emails and phone calls. We offer a potential solution for this communication problem, leveraging DLT (Distributed Ledger Technology) to create pre-set channels for those stakeholders to communicate and reconcile transactions instantly. We argue that by leveraging DLT to this use case, the process of mortgage origination could go drop to 15 days, saving billions of dollars for all stakeholders. by Eilon Shalev and David Micley. M.B.A. M.B.A. Massachusetts Institute of Technology, Sloan School of Management 2019-10-04T21:32:17Z 2019-10-04T21:32:17Z 2019 2019 Thesis https://hdl.handle.net/1721.1/122398 1119721722 eng MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582 32 pages application/pdf Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Shalev, Eilon. Micley, David elphi: a business plan to streamline the mortgage lifecycle through blockchain |
| title | elphi: a business plan to streamline the mortgage lifecycle through blockchain |
| title_full | elphi: a business plan to streamline the mortgage lifecycle through blockchain |
| title_fullStr | elphi: a business plan to streamline the mortgage lifecycle through blockchain |
| title_full_unstemmed | elphi: a business plan to streamline the mortgage lifecycle through blockchain |
| title_short | elphi: a business plan to streamline the mortgage lifecycle through blockchain |
| title_sort | elphi a business plan to streamline the mortgage lifecycle through blockchain |
| topic | Sloan School of Management. |
| url | https://hdl.handle.net/1721.1/122398 |
| work_keys_str_mv | AT shaleveilon elphiabusinessplantostreamlinethemortgagelifecyclethroughblockchain AT micleydavid elphiabusinessplantostreamlinethemortgagelifecyclethroughblockchain AT shaleveilon businessplantostreamlinethemortgagelifecyclethroughblockchain AT micleydavid businessplantostreamlinethemortgagelifecyclethroughblockchain |