Jason Kopcak: Yes, so that’s, that’s a great question. And looking at where I’m going to turn that over to Danya in a second. But just to be clear, I worked on the street. I worked at Morgan, Stanley, and Nomura. And we had offices all around the world, we have people working all across the countries around the world, and things move through pretty seamlessly. And the reason we brought Danya on board, because she’s had a tremendous history in building out these platforms, as well as reviewing these platforms. So with that, I’d love love to let Danya answer that. Danya, are you here?
Danya Sawyer: I am. Yes. And Jeff thanks for the question. So as Jason kind of highlighted earlier in the call, we do have a pipeline that is in various stages at this point more heavily weighted in the earlier stages. And it’s my job to make sure that we have the operational infrastructure that is required to facilitate that. So a lot of the work that we’ve been focusing on in recent weeks has been really development of documented guidelines, making sure that we’re using standardized forms, making sure that we have automated processes to the extent possible. Some of the things to hit on specifically Jeff is we’re trying to make it easier to process and underwrite these loans. So while we have tremendous capabilities that are proprietary to our nature, and given the investor take outs and outlets that Jason has negotiated, we still need to create a scalable process.
We can’t look at every deal like a customer deal. And toward that end, we’ve created a lot of tools. So think about kind of a rudimentary automated underwriting system that’s at this point in Excel based model at some point in the future, a web based form that not only can be used internally, by loan officers to more quickly identify whether or not they have qualified deals, but also externally facing to broker partners. We’re doing things like creating standardized forms for basic things, appraisal orders, title orders, just to make sure that these things are being processed in a consistent fashion, and that we’re shaping up seconds, minutes, whatever it is, and internal processes so that we can scale more. Additionally, I think we’re trying to get ahead of things to eliminate duplicate processes for borrowers and broker partners.
Obviously, there’s a lot of touch points in the loan manufacturing process with external vendors that we have to coordinate with. We want to make sure that to the extent we have special endorsements on our construction products or state specific considerations, that we’re making those requests of local titles earlier in the process, so that we don’t run into 11th hour issues. So in short, a lot of coordination with communication protocols, standardized operating procedures, automated tools, to the extent possible to make sure that not only can we process deals in a fashion that is in alignment with our credit risk standards, but that we can do so in an efficient manner and create those scalable workflows.
Jeffrey Moore: Wow, well, it sounds like you’re definitely ahead of a lot of the local banks I use for loans on my property. So that’s really good stuff to hear. Thanks Danya.
Danya Sawyer: No problem Jeff.
Jeffrey Moore: I’ve got some more questions, but I’ll hop off and I’ll circle back once if there’s anyone else in the queue.
Operator: Thank you. We’ll take our next question from Matthew Howlett with B. Riley.
Matthew Howlett: Thank you. Thanks, good morning, everybody. The capital, I really have a strong appreciation for the capital model that you were selling directly to the life insurance companies or the the big asset managers. I guess that’s my question on. What’s the outlook, you signed up? You said, you’re a pretty big asset manager that owns the life insurance company? What are your conversations like with additional ads on that side? What do you — what are you hearing? What’s the other typing tip enter?