What We Do

elphi is a SaaS company streamlining the mortgage origination process, using distributed ledger technology. elphi is creating a future, in which all the relevant parties have access to the same information stored on multiple, fully-synchronized, and personalized ledgers.

The Problem

The mortgage industry’s average time to close a loan is over 40 days. The long closing time is due to an origination process that is burdened by old systems, complex processes and built-in inefficiencies. This practice results in poor customer experience for the mortgage applicant and time-consuming manual labor for the lender.

Our Solution

elphi replaces legacy systems with new software, eliminating data integrity issues and fixing archaic bottlenecks. elphi’s solution helps lenders close loans faster, reduce closing costs and attract and retain more customers.

 
 

Achievements

Received funding from MIT Sandbox Innovation Fund

MIT $100k Accelerate + Launch Semifinalists

Harvard President's Innovation Challenge Semifinalists

Accepted into the DCU FinTech Innovation Center

Received funding from UChicago Polsky Founders' Fund Fellowship

UChicago Booth NVC Semifinalists

Built Proof of Concept

Acquired First Customer

Meet our Team

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Eilon Shalev

Co-Founder and CEO

MIT Sloan MBA

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William Lopez-Cordero

Co-Founder and Tech Lead

MIT Aero Astro & Computer Science

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Daniel Gottesmann

Co-Founder and COO

UChicago Booth MBA

 

Contact Us

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