Jason Vandenbrand
On 1 show, 1 appearance. The Shows tab opens the full record on each.
1shows
1appearances
13statements
2resolved
2supported
0contradicted
100%fully supported
Everything Jason Vandenbrand said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Quicken Loans miscalculated its Super Bowl ad by targeting millennial consumerism
“I think that Quicken went out there and is trying to target millennials. And I think they quickly forgot that millennials are really not into consumerism.”
Lenda has maintained a zero percent default rate on its originated mortgages
“They know we've had zero percent defaults. These are prime candidates.”
Lenda will triple margins to 4.5% by selling directly to Fannie Mae
“We vertically integrate. We start selling ultimately directly to Fannie Mae and Freddie Mac. And when we start doing that, we'll also be able to service loans and we'll get upwards of four and a half percent in gross margin. So we're going to three X our gross…”
Mortgage underwriting standards have normalized to sane levels, preventing another crash
“Underwriting standards. For mortgage for buying home loans are actually back to normal levels. All income is validated. Credit criteria is actually sane. So things that happened in the noughties you know, oh one to oh seven it doesn't exist today. So that kind…”
Traditional online mortgage borrowers pay upwards of $7,500 in hidden interest fees
“You're paying upwards of 7500 dollars in fees and fees that are baked into your interest rates.”
Lenda predicts it will lend $54 million per month by late 2016
“So we'll be able to lend 18, 36, fifty four million dollars per month by the end of this year.”
Retaining mortgage servicing rights yields $12,000 to $15,000 NPV per traditional loan
“Now when we go into servicing, there's upwards of on our traditional loans, about 12 to 15,000 dollars in net present value.”
Lenda mortgage borrowers average a 736 credit score and 28% home equity
“Our clients are prime credit borrowers. Average credit profile is a seven 36 credit scores. They have equity in their homes. Average equity amount is 28% in the home. These are people that are making on average our demographic making over 75,000 dollars a year…”
Lenda has raised $3.8 million in seed capital to date
“We've raised 3.8 million dollars in seed so far.”
Lenda is surpassing $70 million in cumulative originated loans since its launch
“We're about to pass seventy million dollars this month.”
Lenda generated just over $500,000 in total revenue during 2015
“We did just over a half a million dollars in revenue last year.”
Lenda earns 1% to 1.5% gross margins on its $300,000 average loans
“If you take our average loan amount, 300,000 dollars we make on average about one to one and a half percent of that as a margin. That's our gross margin.”
One line per show, most statements first. The link opens Jason's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | 1 | 13 | 100% 2/2 | full record on Top Founders → |