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elphi: a business plan to streamline the mortgage lifecycle through blockchain

Author(s)
Shalev, Eilon.; Micley, David
Thumbnail
Download1119721722-MIT.pdf (3.196Mb)
Alternative title
Business plan to streamline the mortgage lifecycle through blockchain
Other Contributors
Sloan School of Management.
Advisor
Adrien Verdelhan.
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. http://dspace.mit.edu/handle/1721.1/7582
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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).
 
Date issued
2019
URI
https://hdl.handle.net/1721.1/122398
Department
Sloan School of Management
Publisher
Massachusetts Institute of Technology
Keywords
Sloan School of Management.

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  • Management - Master's degree
  • Management - Master's degree

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