Giuliano Bologna: Congrats on another good quarter operationally. One thing I would be curious about getting your perspective on if you’ve obviously done a number of acquisitions back to back here. And you obviously mentioned the integration of those transactions. I would be curious where you stand on acquisitions? Are you looking for much smaller tuck-ins or midsized acquisitions that have a little more integration and execution around them at this point, or would you want to want to hold off temporarily while you digest the last transactions?
Terry Schmidt: We’re still actively pursuing acquisitions. And the Cherry Creek we took on 500 — onboarded 500 employees in the first day they came on board. And they’re in pretty good within 45 days they’re almost going full speed. So it’s every one of these we’ve gotten better at integrating them. So, we’re comfortable continuing to work towards adding more of these types of acquisitions. And really the size is it matters more about what value add is it going to be to the company rather than the size. So are they a really big purchase shop? What kind of products do they do? What footprint are they in? And more importantly culture, does the culture fit?
Giuliano Bologna: That sounds good. And then thinking about — you obviously are paying a special dividend this quarter. From a capital allocation perspective, I would be curious when you think about capital return versus transactions. I realize the transactions are not the most capital intensive but I’d be curious to get a sense of your kind of — your framework for capital allocation in the near term given that there’s a lot of M&A opportunities?
Amber Kramer: When we’re looking at our cash position, we’re always looking at our operational cash needs returning shareholder value and having enough capital to invest in growth while investing in our business as well. And then as I mentioned we do see this dividend as a distribution of accumulated earnings over the last couple years and as you know we haven’t done a dividend since 2021. So, because of our strong balance sheet and our low leverage we have the ability to do both and we believe that both create long-term shareholder value.
Giuliano Bologna: That’s great. Thank you so much and I will jump back in the queue.
Operator: Thank you. [Operator Instructions] The next question comes from Brian Violino of Wedbush Securities.
Brian Violino: Hi. Thanks for taking my question. Just on the you had pretty strong origination growth sequentially. Just wondering if you have the breakout of how much of that was organic versus incremental originations that came from the acquisitions?
Terry Schmidt: Amber do you have that number? I know–
Amber Kramer: No, we don’t publish that anywhere but we did the Cherry Creek acquisition in the beginning of April and so there was some ramp-up associated with that. But other than that it’s both — there’s seasonality partly. It’s acquisitions partly. And just our recruiting as well has also — we’ve been recruiting heavily since the beginning of the year so that’s adding volume.
Brian Violino: Okay. Thanks. And then just on — I know you brought on the California team the 40-member team earlier this year. Is there a pipeline of not necessarily bringing on new mortgage companies but also new teams as well?
Terry Schmidt: Yes. We do have a pipeline of both.
Brian Violino: Okay. Thanks.
Operator: Thank you. [Operator Instructions] It appears we have no further questions in the queue. I will now turn the call over to Terry Schmidt for closing remarks.
Terry Schmidt: Thanks everybody for joining us today. We’re very pleased with our second quarter results and we’ll just keep executing on our growth strategy. And we’re looking forward to updating you on our next quarter call. Thank you.
Operator: Thank you, ma’am. Ladies and gentlemen, that concludes today’s event. Thank you for joining us and you may now disconnect your lines.
