Lenda

“Now when we go into servicing, there's upwards of on our traditional loans, about 12 to 15,000 dollars in net present value.”

“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.”

“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…”

“We've raised 3.8 million dollars in seed so far.”

“You're paying upwards of 7500 dollars in fees and fees that are baked into your interest rates.”

“So we'll be able to lend 18, 36, fifty four million dollars per month by the end of this year.”

“We're about to pass seventy million dollars this month.”

“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…”

“We did just over a half a million dollars in revenue last year.”

“They know we've had zero percent defaults. These are prime candidates.”