Sorry if this is a long read. So $OPEN acquired Audrion. This is classic Kaz playbook: acquire small, elite technical teams, give them massive real world distribution and data, and let them compound like madness. I have come to understand that mortgage underwriting, compliance, and pricing are notoriously hard and regulated. So this is exactly the kind of “very hard problem” a default to AI team can attack with machine learning to reduce costs, speed up approvals, lower risk, and offer better rates/terms than traditional lenders. This will probably result in higher conversion rates on sales, lower acquisition costs, better attach rates and improved lifetime value per transaction. We all know that under Kaz, $OPEN has shown rapid operational progress: FASTER. Faster home acquisition velocity, stronger cohorts, AI emphasis across the business, and a clear path toward breakeven. Acquiring Audrion right after the Doma deal shows consistent, focused capital allocation. It totally reduces reliance on third party lenders (who take a cut) and positions $OPEN to capture more economics while making the entire process faster/cheaper for customers. In a (hopefully) stabilising housing market, this platform approach can create durable competitive advantages and margin expansion that a pure iBuyer model struggles to achieve alone. We are no longer there. This is what the broader market don’t see. This reinforces the vision of $OPEN as an AI FIRST platform company rather than just a home flipper.