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.

—PERRY RAHBAR
FOUNDER & CEO OF DV01
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2019 at a Glance

January

New Hires:
Matt Petersen
, David Rogers
, Sean Babb
, Connie Lai

📣 $15 million series B funding round closed

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February

New Hires:
Leon Harary
, Chelsea Melman
, Cam Aziz
, John Urbank

📣 dv01 named one of the Best FinTechs to Work For

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March

New Hires:
Mike Hartman
, Tony Chen
, Vadim Verkhoglyad

📣 CRT beta launch

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April

New Hires:
Paavan Chopra
, Rithy Huot
, Jonathan Gill
, Nancy Reeis
, Tim Lin
, Tom MacDonald
, Hang Gao

May

New Hires:
Henry Cohen
, Ethan Zornow
, Slater Levey

June

New Hires:
Kyle Loomis
, Brock Donovan
, Alex Codreanu
, Julie Leung

📣 Moved into a brand new office!

July

New Hires:
Bocheng Zhou
, Alex Johnson
, Tom Ludwig

📣 Account Management team created

August

New Hires:
Anhtriet Tran
, MC Pitts

September

New Hires:
Terry Thai
, Brandon Setegen
, Qingyuan Ma
, Shayan Masood
, Alex Kale
, Priya Chandrashekar
, Chris Sullivan
, Dave van Sleet

📣 Women Leading The Finance Industry: “You can’t have true personal growth until you fail” with Amy Johnson and Tyler Gallagher

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October

New Hires:
Brian Kellogg

📣 dv01’s 5th birthday!!

November

New Hires:
Jose Montiel
, Solomon Gaim
, Musen Lin

📣 Tape Cracker beta launch

December

New Hires:
Giovanni Berber
, Michelle Herrera
, Peter Kang
, Eleni Kazan
, Mark Spillman

We're 5 Years Old!

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Milestones & Metrics

dv01 Pipeline

icon platform

$2.664 trillion

total asset value

35,006,641

total loans on platform

2,469,107,765

total records hosted

15+

new integrations

over half a million

processed input files from external parties

3,250

unique datasets in database

up 2,500 from 2018

Credit Facilities

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nearly doubled

the number of warehouse facilities

totalling

$4 billion

in commitments

Sales

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310

client demos

98

new organizations added

15,585

call time (minutes)

549

new users added

Client Support & Account Management

icon support

265

clients interfaced

2

dedicated teams created

738

tickets resolved

13

PRs merged

Product Engineering

icon pe

298

releases & release candidates

1,863

Jira tickets completed

5,059

comments

875 compared to 2018

2,250

pull requests opened

1,120

sprint points completed

840,656

total lines of code

66,374 compared to 2018

Intelligence

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Train and bootstrap tape cracker matching algorithm

550

pipeline jobs

2,355

normalized tables/files

7,387

normalized columns

Slack it to me!

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2,606,340

Slack messages sent in 2019

1,012

custom emojis

Messages sent annually

It's always #shredszn at dv01

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12,998

Seamless Orders

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3,660

Equinox Check-ins

Out of Office

Life outside of dv01 matters—that’s why we offer all full time employees unlimited PTO. In 2019, we used that PTO to visit 116 locations on 6 continents! There are 33 regions where we’ve visited once or multiple times.

Most popular domestic destinations

Miami 🏖

8

California ☀️

5

Most popular overseas destinations

France 🇫🇷

13

Spain 🇪🇸

12

Life at dv01

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A Hub Between Lenders and Capital Markets #lifeatdv01

Want to join us? Visit dv01.co/careers

Want more? Check out our 2018 Year in Review

Here’s to crushing it even harder in 2020!