Operator: Your next question comes from the line of Andrew Schmidt from Citi. Please go ahead.
Andrew Schmidt: Hey guys, good evening and thanks for taking my questions. First I want to start off, just about, just demand in terms of where you’re seeing sort of the pipeline across consumer LOS, I remember, I think last quarter you mentioned strength of HELOC and things like that, but just curious if there’s any sort of changes in terms of where we’re seeing demand along the platform? Thanks.
Chris Maloof: This is Chris. Demand has remain very consistent, and I think you’ll see this as you look across the broader bank continuum, is that they continue to invest from an IT budget perspective, particularly on digital transformation. And this is reflected in our pipeline. So that’s looking from ML consumer perspective, it’s largely consistent. And when you look at the mortgage component, we see consistent demand or even increasing demand from a depository perspective as those organizations look to retool. And then on the independent mortgage bank side, we’re targeting organizations that, that have the scale such that they can make that investment. So it’s largely unchanged, and if I was to call out any change at all is, we have seen an uptick in our home equity demand as some lenders look to create a broader portfolio.
One example is, we just went live with low depot on their home equity product that said to largely unchanged and we’re making investments accordingly.
Sean Blitchok: Yes. And I’ll just add, one of the things that I’ve been pleasantly not surprised, but it’s good is that profile has remained unchanged, especially given the mortgage market. So while, there are things like volumes that we can’t control that are more macroeconomic what we can control is, what we sell and in our installed base and the projected pipeline going into 2023 is very healthy around mortgage. And so, consumer continues up until the right mortgage has been healthy as well. And so I think it’s, again it speaks volumes to the acquisition our competitive position and the combined company going forward and what it’s going to be able to do, what the opportunity is, when it, when to a point where there’s a leveling off and even an increase in the volume around mortgage.
Andrew Schmidt: Thank you for that. And that’s actually a great segue into my next question. One of the flip sides of the sort of decrease in loan volume and revenues associated with that is that you might have a little bit better visibility if that kind of starts to bottom out eventually at some point. So is there a framework we can start to think about in terms of long-term growth? Or any updates in terms of how you think about long-term growth as we see mortgage start to hopefully settle out in the foreseeable future? Just curious to get, any updated thoughts there. Thank you.
Chris Maloof: This is Chris. I assume this is a question around volumes. So, I’ll answer it in two parts. One, reinforcing what Sean said, we’re going to sell through this drop and we’re going to leverage it as an opportunity to grow this business and invest in it. And then the second element is, I always think about the mortgage market as purchasers are relatively consistent over time, although more recently that has proven to be difficult as the system saw a shock due to the quick increase in interest rates. It’s refinances that go up and down. So, as I look forward to the, as I look into the future, when refi’s come back, as they always do, we’ll be very well positioned to capture those economics and then again, reinvest in the business for first future growth.
Andrew Schmidt: Okay. Thank you very much guys.
Chris Maloof: Thank you.
Operator: Your next question comes from Matt VanVliet from BTIG. Please go ahead.