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Ready Capital Corp T.RC


Primary Symbol: RC Alternate Symbol(s):  RC.PR.C

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property including construction, bridge, stabilized and agency loan origination channels through its wholly owned subsidiary, ReadyCap Commercial, LLC. These originated loans are generally held-for-investment or placed into securitization structures. As part of this segment, it originates and services multi-family loan products under the Freddie Mac SBL program. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the Small Business Administration (SBA) under its SBA Section 7(a) Program through its wholly owned subsidiary, ReadyCap Lending, LLC.


NYSE:RC - Post by User

Bullboard Posts
Comment by nxtcareeron Feb 06, 2008 11:57pm
237 Views
Post# 14330387

RE: More on Today

RE: More on TodayThe key to RDM success lies with the Banks selling through RDM's technology. Below is a paragraph from their 1stQ MD&A (RDC is remote deposit capture). "Nearly a third of all US banks have adopted RDC or branch capture solutions but client-level adoption has barely begun. Industry estimates are that only 2% of US businesses are using RDC and most banks have yet to launch comprehensive sales and marketing campaigns designed to introduce this new service to their customer base. The focus of most banks RDC initiatives has been on a small sub-set of existing corporate clients who represent the most revenue to the bank’s treasury management department. The larger market opportunities for RDC services for small and medium sized business is just starting to be addressed by some banks. The total adoption potential for RDC is estimated at over 5 million capture points. Even though RDC adoption is still in it’s infancy and may seem slow to those who have been watching the industry, it is worth noting that to date RDC adoption rate has outpaced that of online banking systems in the 1990’s."
Bullboard Posts