Real Matters Comp Took a read through the Real Matters MD&A and it looks like the company is really expected to grow through their title insurance division. Even though they just went public, it seems like the writing is on the wall with where this industry is heading: alternative appraisal process.
The traditional appraisal methods, even with the technology that exists now out of these guys, is doomed to fail. Alternative will become the norm one day - when who knows but it is clear that this is where the industry is shifting as a whole.
Clarocity is ahead of the game. The Teir 1 and Teir lenders that they work with now also see the writing on the wall and that's why they are already positioning themslves to be in the direction things are going by working with CLY.
As the company continues to clean up its balance sheet, I think they really dig deeper into the pockets of their existing clients. While what they've shown in growth on a month to month basis is impressive, it is nothing compared to the potential they have with exisiting clients. One of their clients could give them 100x what they currently do and it wouldn't even make the slightest dent in their overall lending portfolio.
Long on this name. StableView has done a great job cleaning up a messy balance sheet but I would rather be working with a great company with a hectic balance sheet than the opposite. Looking forward to seeing what these guys' technology can really do.