$13 trillion in mortgage loans outstanding. The loan files are paper, pdf static formats. This massive industry is still using manual, costly redundant process to perform loan due diligence.
Traction: We have 2 multi-billion banks as paying Customers.
Business Model: Recurring Revenue based on # of loans, # of attributes to capture.
Average Sale Price: $120K/year. Cost of Sale: $20K. Gross Profit: 83%.