Oct. 24 at 8:29 PM
$BETR New Info Alert, software
BETR going after
$3B in lending software done by Encompass who did 5M loans who charges about
$300/loan in 2024 and charges 135/mo for their 100,000 users. BETR can also sell its tech to Fannie/Freddie since its tech is 1/30 industry average default/fraud using AI underwriting, literally they need BETR tech to check all of their MBS before they try to IPO. On the lending side they already have
$25B volume in the announced can per 8k and video last week at Sidoti Research (have to watch the 45 min) with no rate drop, more if rates drop. Plus goal is 10% of market or
$200B+ lending rate 1% profit per CEO. So, going for
$4B profits into the 2030s. Can see
$200B MC or PPS
$12,000. @ericjackson @danielsethlewis
Just my 2 cents. The golden links are below
https://companiesmarketcap.com/crowdstrike/revenue/
https://awesometechinc.com/encompass-vs-lendingpad-which-is-right-for-you/
https://sidoti.zoom.us/webinar/register/WN_MYaLdWZqRDG2HUCVE6eftg#/registration