5 • 2.6K Ratings
🗓️ 2 March 2023
⏱️ 34 minutes
🧾️ Download transcript
The fact that it takes 45 days to close a mortgage in America today is not just a one-time hassle for home buyers, it can be a source of ongoing compounding costs. Nobody wants that, least of all Eilon Shalev my guest today and the co-founder and CEO of Elphi, a fintech that wants to bring that down to fifteen days.
“Elphi is a technology company. We provide enterprise software as a service to mortgage lenders, to help them close loans faster. That's the gist of it.”
You can find Elphi and more on its story at https://www.elphi.io/ (or on LinkedIn at https://www.linkedin.com/company/elphi-inc/ )
Eilon is on LinkedIn, too, though don’t forget to mention the podcast when you reach out (https://www.linkedin.com/in/eilonshalev/)
Eilon also shares his email in this podcast, so listen out for that if you prefer to make direct contact - or find it in the transcript at https://www.howtolendmoneytostrangers.show/episodes/episode-88
We also talk a lot about Eilon’s time at MIT Sloan, if an entrepreneurial MBA is on your 2023 wishlist, learn more here (). Need to fund it, perhaps my guests from episode 22: https://www.howtolendmoneytostrangers.show/episodes/episode-22?
You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24
If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on my site: https://www.howtolendmoneytostrangers.show/contact-us
Regards, Brendan
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0:25.5 | although rising regulated by the financial conduct authority, |
0:28.0 | there is no guarantee that dividends will continue to grow. |
0:33.0 | Think about it. |
0:33.9 | The idea that it takes 45 days to close alone is very expensive. |
0:37.6 | We want to take that average down to 15 days. |
0:44.4 | Welcome to Heart Elend Manitou Strangers with Brendan LaGrange. |
0:48.6 | There's been an unpleasant shift in the year around mortgages. |
0:53.0 | Rates are up significantly. |
0:54.7 | Home prices have lost their momentum and may well fall this year. |
0:59.3 | And all of a sudden, borrowing and lending has become a lot more difficult to do well. |
1:04.9 | Which is one of the reasons why they've been a few mortgage-themed episodes on the show recently. |
1:10.4 | Today though, we're not talking about consumers, at least not directly. |
1:15.0 | We're talking B to B and how my guess can help lenders to reduce the time it takes them to close on a mortgage. |
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