COMPUTERIZED LOAN ORIGINATION SYSTEMS: A CASE STUDY OF THE ELECTRONIC MARKETS HYPOTHESES
Name
MIT_CISR_WP_253_Computerized_Loan_Origination_Systems_A_Case_Study_of_the_Electronic_Markets_Hypotheses_Hess_Kemerer.pdf
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1.16 MB
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Adobe PDF
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Author(s) •
Hess, Christopher
Kemerer, Chris
Date Issued
March 1, 1993
Publisher
Cambridge, Mass.: Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology
Citation
Hess, Christopher and Chris Kemerer. “Computerized Loan Origination Systems: A Case Study of the Electronic Markets Hypotheses.” Working paper 253, Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology, 1993. https://dspace.mit.edu/handle/1721.1/175284.
Series/Report no.
MIT Sloan School of Management Working Paper 3554-93
CISR Working Paper 253
Abstract
Much has been written in recent years about the changes in corporate strategies and industry structures associated with electronic coordination of market activities. This paper considers the advent of electronic market coordination in the home mortgage industry, focusing on Computerized Loan Origination systems (CLOs). Initially developed over a decade ago, CLOs give home buyers an automated means to compare, select, apply for and close mortgage loans. CLO terminals, sometimes found in real estate agencies, provide mortgage information and application services from several lenders at the point of sale of the property to be mortgaged.
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