2018
Year In
Review

State of the dv01 Union

When I started the company over four years ago, I always had a vision for what dv01 could become, but actually seeing it play out in front of my eyes has been a surreal experience. I feel like 2018 was that transformational year for our company, where we went from an idea that had real potential to an established business with over 50 people, operating across multiple asset classes and with triple digit revenue growth.
Online lending has been our focus for the last four years, we’ve continued to grow year over year and have firmly established ourselves as the leading data, reporting, and analytics platform in the space. That being said, 2018 was the year of mortgages for dv01. It was always our goal to earn the trust of the capital markets through online lending and show the market what a real user experience could look like, but we’ve always wanted to grow beyond into other, more established markets. In our first year alone we’ve done 8 mortgage transactions, for approximately $2.5bn, and we’re excited for all the partners we’re working with in this and feel really confident about our growth prospects in 2019.
More than anything else though, in 2018 we’ve seen the dv01 family more than double in size. We’ve grown from 33 to 54 employees, two of whom became first time dads this year! Our culture has continued to evolve and is the strongest driver of our business. I’m really fortunate to lead this team everyday and look forward to working with everyone who joins us along our way!
PERRY RAHBAR, FOUNDER & CEO of dv01
We're excited to show you how awesome 2018 was for us. But for the fullest viewing experience, we recommend you check out this page on a wider screen.
2018 at a Glance
doubled our employees
more than doubled our revenue
broke into mortgages
celebrated our 4th birthday
outgrew our office space & signed a lease on a new one!
16 cross-team lunches
improved healthcare offerings
5 employees tied the knot!
8 kids + 10 pets added to the fam
became a node on Provenance
690 emojis created in Slack
hosted a women's fintech dinner at Lendit SF with 15 badass female leaders
2,957 Equinox check-in's
13,105 minutes meditated
$11,862 spent on merch
60,168 min listened on Spotify
635,330 messages sent in Slack

2018: a dv01 space odyssey

An Epic Drama of Adventure, Exploration, and Structured Finance

February
curve creator launches

amy johnson
joins as coo
barbara bridges
joins as head of legal
March
new hires:
JENNY CHEN, DAN TSOY, JON BRAUS,
LINDSEY BOYER, JUSTIN THOMAS
April
dv01 expands into mortgages!!!

hosted event on pass through certs with 100 industry pros
cashflow feature adds:
  • external scenario sharing
  • auto-cohorting
  • curve methods
  • anchor curves at origination
bradford toney
joins as prod engineering mgr
new hires:
roselyn montero, eric chang, jimmy zhang,
rita galhardo-cruz, zach winslow, branko blagojevic
May
performance attribution launches
June
rebranded dv01.co launches

rebranded emails sent to clients
new hires:
austin schoenberg
July
managed db offering update
feature add: saved views
dv01 intelligence launches

dv01 iceland wedding pop-up opens
new hires:
kirill sukhanov
August
dv01 app relaunches with navigational reorg + new ui

outgrew our office + signed the lease on a bigger one
migrated to justworks + improved employee healthcare offerings
new hires:
laura drobbin, andy jiang, albert yau, rafael torres
September
lendingclub club certs added
fred leong
joins as head of people ops
new hires:
ben carlsen
October
dv01 turns 4!!!

card design & updated filters launch
funding circle partnership announced

hurricane reports for michael & florence published
securitization deal compare launches
new hires:
elias derian, janus manlapaz
November
cashflows 4.0 launches

dv01chain becomes a node on the provenance blockchain!

carlo latasa
joins as vp of engineering
new hires:
priscilla philavong, giancarlo faranda
December
first ever dv01 year in review created

historical performance comparison launches

The Art of the Deal

dv01’s monthly reporting now spans 10 platforms and 140 deals, with the average time to create and tie out a report reduced by 75%. And with 150 deals currently available in our cashflow engine, our app can generate cashflows on 1 million loans in 15 seconds! We’ve also added support for ARMs and step rates as well as interest rates for ARMs and pricing.
On the Credit Facilities side, 2018 gave us $4.2 billion in total lender commitments, with clients advancing $3.2 billion. We also prepared 228 borrowing bases and 140 monthly reports, and will release our CF front end product in 2019.
dv01’s Intelligence group also made big moves in 2018 with the release of Performance Attribution and Anomaly Detection, marking some of the first efforts to introduce advanced modern portfolio management techniques into the MPL space. We also began a long-term effort to apply advanced statistical analysis and machine learning techniques to the mountain of data available at dv01 in an effort to improve scalability and efficiency, and have made significant strides in automatic data schema matching and automatic data validation that will continue into 2019.
Uplift
Enova
Funding Circle US
Fundbox
SoFi Student Loans
Cashmax
new platforms + data sets onboarded
1,050,098 loans // $3.34B OBal // $1.4B CBal
ARCT AVNT BPT CBLST CLRT CLUB CLUBC CMLTI CSMC ENVA LCIT LMAT MFT MHMT MPLT NRMLT PMIT PPTT SCLP UCL UPGR UPST UPT NRPL
Securitizations on dv01’s platform
2.1 million loans // $49.1B OBal // $28.3B CBal
CRT
Tape Cracker
Distribution of securitizations & pass through deals available on dv01’s platform
Consumer Unsecured with dv01 as LDA
Mortgages with dv01 as LDA
Student Loans with dv01 as LDA
Consumer Unsecured
Mortgages
Student Loans
We’ve introduced 5 new
technoglogies this year:
Typescript, GraphQL, Cats,
Codecov, and Merge Windows
Files By Language
1,161Javascript
844Scala
125Typescript
47Markdown
44Bourne Again Shell
33Json
405,745
LINES OF CODE
446.505Added
395,032Removed
121,189Front End
49,635Back End
406
Emojis sent
in slack
2,417
Total Files
1,242Front End
880Back End
On average, every line of code
has been changed 2 times…
basically, our engineers have
rewritten the app twice in 2018!
Commits to
Master
2,216PRs MERGED
27Indiv Authors
jhartleydv01
jacobkelman
jnelken
xcoderzach
eddolan
annisele
jimzhang93
shonts
ianhawk2
khsul15
mwyau
rators
danieltsoy
kirach
janiceleng
bavithra05
deanchen
jpm16011
bluemoon
alanasim
rgagedv01
vpolisetty9
ygraber
brankodv01
JonathanWarrick
devmanhinton

Did we just become best friends!?

Because we literally spent 186 hours on the phone this year

11,178

Minutes logged on calls with clients

517

Support tickets closed

105

Web-based product demos given

3

Continents that dv01 clients call home

1,354,960

Slack messages since dv01's inception

504,741

158,327

112,663

81,941

76,758

75,052

Everyone else, ever
Jonathan
Dean
Shonts "Shonts" Shonts
Perry
Fiz

Messages sent annually

We sent 635,330 in 2018 alone!

Everything the fridge light touches is our kingdom

PREPPING FOR #SHREDSZN REQUIRES A STEADY STREAM OF CAFFEINE AND COMPLEX CARBS

5,250

Cans of
La Croix

1,119

Protein Bars

2,440

Gallons of
Cold Brew

10,654

Sticks of Gum

13

Banana Alerts Jake Triggered in Slack

7,791

Seamless Orders