Can you share more about Holtmeyer & Monson’s attractive cost structure?
Jenny: It’s simple, because Holtmeyer & Monson charges us a reasonable loan packaging fee that’s paid by the borrower. Once we actually book that loan, that cost structure also carries us through servicing. When we sell a loan on the secondary market, there is a reasonable fee which is paid to H&M, but they’re also structuring the sale and doing the work. So it’s very simple and straightforward. There’s not a lot of complication in the way that they get paid for their services.
