On the contrary.I am not so sure why there is so much excitement about the news today. Revenue looked good but mortgage applications declined @20% in the later half of Q2 compared to the earlier half. The impact should be felt in Q3.
Plus, revenue from the Tier 1 customer likely won't be meaningful until Q4 due to the usual software training and technical quality assurance testing which is a natural part of migrating to a new platform/system.
My simple logic suggests that lower $ from mortgage app volumes might not offset the new T1 ramping up for some time.
So, what's the rush to own the stock? I personally won't consider it a "strong buy" until the T-1 customer is locked down and committed heavily to REAL systems with sizeable $$$ rolling in.
Obviously many players disagree with my viewpoint, and I am always happy for anyone that gets a win in the market. But right now, REAL is too rich for my blood and I will stay contrarian.