State of the dv01 Union

dv01 turned 5 this year—a huge milestone for any startup. When I look back and try to condense our journey into a simple story, I’d say that the first three years we were focused on winning the battle to become the leading analytics engine for the online lending industry. Last year, we grew beyond online lending as we expanded our offerings into the mortgage world. This year we continued that work and have invested in building out our capabilities, products, and teams even further, positioning us for an incredible breakout year in 2020.

On the data front, in early 2019 we onboarded one of the most significant data sets in the mortgage world: CRT. The CRT universe currently consists of 81 transactions for a total notional balance of $2.4 trillion, and we modeled each transaction individually while making it effortless to combine them all and evaluate that $2.4 trillion as a single pool! Building out our CRT capabilities has been no small feat, and the CRT universe is now a fundamental dataset for dv01 and for mortgages. On the securitizations front, we’ve continued to grow our mortgage coverage and now have a total of $33 billion across 71 transactions; and in the online lending sector, we’ve grown to a total of 300 transactions for $55 billion, of which 142 deals and $16 billion were added in 2019 alone!

On the product side, we launched the beta of our newest product offering, Tape Cracker. Analyzing loan pools has been unnecessarily difficult for investors in this space for too long, and we feel very strongly about moving beyond a singular focus on securitization and modernizing all stages of the mortgage workflow. These are problems easily solved by technology, and we’re beyond excited to show everyone what we’ve built. This (along with other enhancements to our core products) have put us in an incredible position to thrive in 2020 and beyond.

Most importantly, at the end of the day, we could not have accomplished all of the above without exceptional collaboration within our teams and across dv01. Every single team contributed to these efforts, and the best part of our fifth year has been expanding the dv01 family and continuing to invest in our company culture. In 2019 we grew from 48 to 84 team members, and have welcomed a number of dv01 babies too! We’ve moved into our beautiful new office (complete with a meditation room, ping pong table, and cold brew on tap) and have plenty of room to continue our growth into 2020!

I’ve never been prouder of what we’ve built nor more excited for what’s ahead. Here’s to an incredible 2019, and an even better 2020.