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      "text": "Funded Loan Volume ($ billions) $5 $24 $57 $11 2019 2020 2021 2022",
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      "text": "Total Expenses ($ millions) $1,481 $1,254 $1,110 $292 2021 2022 9M Ending 9/30/22 9M Ending 9/30/23",
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      "text": "10x origination volume growth 2019-2021 facilitated by technology",
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      "text": "Prudently pulled back to manage profitability in tougher macro environment",
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      "text": "1. Funded Loan Volume in a period divided by total value of loans funded in the industry for the same period, as presented by FNMA. 2. Total Expenses in the nine months ending September 30, 2023 of $292 million ($389 million annualized). Total Expenses in the nine months ending September 30, 2022 of $1,110 million ($1,479 million annualized). Represents $1,090 million annualized Total Expenses reduction year-over-year between the comparison nine-month periods. Annualized values calculated by multiplying the nine month amounts by four-thirds to reach run-rate full year value.",
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      "text": "Demonstrated Growth & Discipline",
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      "evidence": "Mortgage process remains challenging for consumers and MBA & Fannie forecasting refinance expected to nearly double by 2025",
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