Closing remarks, demo winner announcement w/ grab and go lunch

Julian Hebron, Founder, The Basis Point; Bruce Cook, SVP Corporate Development, Lending Tree; Heidi Patalano, Editor-In-Chief, National Mortgage News

Transcription:

Doug (00:06):

All right. How is everybody? I can not quite see, but it looks like we still have some people. I appreciate you guys hanging out. So you guys are going to be the lucky ones that are going to find out first what is going on. But I would love to bring out Bruce as well from Lending Tree. And I wanna bring out Heidi too, because Heidi is our host for this wonderful show that we all, I think, gained so much from the last couple of days here. So I am going to make a couple of quick remarks. as we know, I am going to repeat something I said when we started a couple of days ago, which is all 33 companies that were on this stage are winners. Getting up here and presenting the current state of the tech stack is what this demo contest is all about. And getting a close eye on the tech that powers 2 trillion in new originations this year, 13 trillion outstanding.

(01:04)

And the objective of course, of the judging format is to play the role of the buyer, the lender that is in a bruising market and needs to make decisions about how to best find and close loans fast, how to optimize their operations and analyze their operations and just find any efficiency they can as It is, so tough out there right now. So with that said, I hope you all enjoyed the commentary. I hope you got something out of it. It is also meant to make sure the demos do not all run together. So with that said, I am going to do the two. We are going to, I am going to announce the two runners up, and if you are still here, I will ask you to stand up. We will give you a round of applause, and then I will pass it over to Bruce who is going to announce the winner. So without any further ado, here we go. So there was actually a tie for third place. so first we had Trust Star in third place with their, they came really strong with their realtor targeting program. So is trust Star in the room by any chance? If so, We willl give them a round of applause, but either way, let us do it anyway. I do not see them there.

(02:25)

And a tie for third place is Roostify with their Beyond product and bringing this automated underwriting and bringing the data out from the docs upfront in the POS process and the consumer facing process before it ever gets to underwriting. So do we have Roostify folks in the crowd stand up and give a round of applause to, but if not, We will give you a round of applause anyway. And then in second place, we have Simple Nexus with their Nexus Vision product which is the ability to watch all your operations in real time. And the market relevance component of that scored very high. So, second place, Simple Nexus. So big round of applause there. And Bruce, I am going to hand it over to you to announce the winner and do the little drum roll there for you.

Bruce Cook (03:24):

There we go. Thank you everyone. I am Bruce Cook from Lending Tree and just want to thank all of the 33 companies we saw over the last two days. We saw some incredible innovation and some interesting presentations judges. Thank you put in of some good work there and the winner

Doug (03:47):

Of the $15,000 prize

Bruce Cook (03:49):

15, win Doug's money of Doug's money. The winner of the Lending Tree Innovation Challenge is total expert.

Doug (03:59):

All right, do.

Doug (04:04):

We have total expert in the house? Cause this is where we need, if they are there, we wanna have them come up.

Doug (04:18):

All right.

Bruce Cook (04:24):

First great guys.

Doug (04:26):

Oh my gosh. Nice.

Bruce Cook (04:31):

I have a little funny story. I phoned. Thanks Joe. All right. I phoned Joe, last night and I said, Look, this is very quiet but you guys won. He goes whoa, what did I win? What did I win? I said, do you want $150,000? I did not hear anything. No, I did not. Yeah, Cause I heard him running to the crap stables. You are right.

Joe (04:51):

Fired over to the

Bruce Cook (04:52):

Cage. Yes. Yeah, absolutely. Well, congratulations, Joe. Thank you. Thank you. The opportunity.

Joe (04:56):

Yes, really great companies. I mean, we really enjoyed seeing the tech and, got you guys did an amazing job of putting a lot of great, great tech together to, to showcase.

Bruce Cook (05:05):

So, well good. Well good. We will take a few pictures here. All right,

Joe (05:08):

Thank you.

Doug (05:11):

All that is

(05:23)

And with that folks, I think It is a wrap on the show. So let us give a big round of applause to Heidi too, and the whole digital mortgage team and the whole production crew, they make this such a wonderful show and, I help you all enjoyed it. So thank you. Thank you.