LBA Ware targets a TAM of around 5,000 mortgage lenders
Lori Brewer · 1354 Mortgage Lending Software Passes $2m in ARR, Bootstrapped · Apr 9, 2019 · at 8:59
Lori Brewer, founder and CEO of LBA Ware, discusses the market size and sales dynamics for her mortgage software business.
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“There are really only, you know, let's call it 5000 companies out there that we could potentially sell to.”
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More from Lori Brewer
LBA Ware has zero churn and zero failed implementations
“Our best stat, Nathan, is we've never lost a client and we've never had a failed implementation.”
LBA Ware is cash-flow positive and will not raise venture capital
“So we're not planning to take money, you know, at this point because we've, we are cashflow positive and you know, plan to increase, increase that.”
Brewer predicts 2019 will be a hotbed for mortgage industry M&A
“This year is, is going to be a hotbed of merger and acquisition activity.”
Brewer would reject a $10M buyout offer for LBA Ware
“No. ... I think we have far more value than that.”