The assembly line is in motion

July 17, 2023

It’s been a fantastic few weeks for our marketplace as the volume of deals coming to market has been happening at a rapid pace. Credit to the Underwriting and Commercial teams that have been working on overdrive to clear out this backlog and pipeline that we have. 

In the past week alone, we’ve launched three new borrowers, one of which was with an inaugural underwriter, closed on one new deal with a new underwriter, and have likely two more borrowers on deck for next week, one of which is for another new underwriter. 

The assembly line we set out to build earlier this year is finally starting to come to life the way we expected it to. We now have a healthier supply of underwriter clients that are consistently bringing us new deal flow. We’ve also had more time to build up a pipeline and adjust our sales process that is now converting and closing more like the way we’d expect. A revamped and simplified services agreement has made discussions that much easier and we’re seeing the results first hand. Last but not least, we also have the credit facility coming online soon and we’re eager to start to place those borrowers' deals into the facility.

It's only going to snowball from here as all the efforts we put into Q1 and early Q2 are starting to pay dividends in the months ahead 💰