elphi: a business plan to streamline the mortgage lifecycle through blockchain
Name
1119721722-MIT.pdf
Size
3.2 MB
Format
Adobe PDF
Checksum (MD5)
88e386061c3a86bfb3995cd79017425c
Author(s)
Shalev, Eilon.
Micley, David
Advisor(s)
Adrien Verdelhan.
Alternative Title
Business plan to streamline the mortgage lifecycle through blockchain
Date Issued
2019
Publisher
Massachusetts Institute of Technology
Abstract
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.
Description
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).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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.
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