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
Eilon Shalev
Co-Founder and CEO
MIT Sloan MBA
William Lopez-Cordero
Co-Founder and Tech Lead
MIT Aero Astro & Computer Science
Daniel Gottesmann
Co-Founder and COO
UChicago Booth MBA
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