Altisource Asset Management Corporation (AMEX:AAMC) Q4 2022 Earnings Call Transcript

Jeffrey Moore: Okay. How much line of credit availability would you need to have to do, say $200 million or $300 million a month in originations or even kind of the numbers that we can kind of pencil in that you’re probably going to be doing at some point?

Jason Kopcak: Well, look, we have $100 million right now. Frankly, you should be able to turn those lines three to four times a month, like without being pressured. So our current warehouse lines capacity could more than enough handle $200 million or $300 million in production. As I mentioned earlier, our lenders have come to us asking us if we want more balance sheet, more warehouse line, they like the product they like to yield. So and they like the profile, the asset, so they’re increasing our facilities the goal right now is a focus on production, but we have enough warehouse line to hit the numbers that you’re indicating. And we have enough people in the back office, primarily to get those numbers as well.

Jeffrey Moore: Okay. I guess my last question is, how are the — how are there any updates on the Luxor or the Redleaf lawsuits?

Jason Kopcak: Yes, that information is going to be in our 10-K, which will be just filed on Monday. So there’s — they’ll be there. There’s no real, there’s no real material update, but that information will be in the 10-K. They will be out on Monday.

Jeffrey Moore: Okay, cool. Thank you very much Jason. Great stuff and looking forward to the next call.

Jason Kopcak: That sounds good. Thanks guys.

Operator: Thank you. With no additional question, with no additional questions in queue, I’d like to turn the call back over to Mr. Kopeak for any additional or closing remarks.

Jason Kopcak: Again, thanks Katie for the intro. Finally, I just want to say I’m excited to be the teams I’m sorry, by our team’s accomplishments this year. Since I joined last July I think we’ve gotten a lot done. We’re in a great position to do great things going forward. So I look forward to ramping up our performance throughout the year. Thank you.

Operator: That will conclude today’s call. We appreciate your participation.