So lower delinquency rates we have, better credit quality, which we have, not doing the loans like we don’t go below lower credit scores. They’re trying to do — they’re doing riskier loans. We just don’t do it. And so therefore, my servicing costs stay low. My delinquencies stay low. My concerns about employment going — unemployment going up, impacting — it’s less of an impact. We’re like the same thing on the . We’re less cyclical. We’re less impacted. We’re a little bit more protected on the same exact thing because of our business strategy and business model on the type of loans we do.
Steven Delaney: That’s helpful. And just one last comment and question, I guess, is, look, it’s been widely publicized that you’ve been successful in your bid to acquire a leading NBA franchise. So congratulations on that interesting and exciting part of your life. I guess from an investor standpoint in UWMC, what could you say to your investors or would you, if you can, what impact, if any, on that successful business opportunity. What impact could that have on your equity commitment to UWMC going forward because of that new opportunity? Thank you.
Mat Ishbia: So thank you for the question. So first off, yes, really excited about the Phoenix Suns and Phoenix Mercury as something completely outside of UWM and been a lifelong dream and something I’m excited to be involved with. With that being said, there’s actually zero impact. Actually, I’d reverse that and say there’s probably a positive impact on UWM and my leadership here, not only the notoriety of me, but the broker channel in general and educating consumers. I have a bigger platform personally, more people following me, more people listen to me, more people learning and being educated by brokers. It’s only going to help. It’s not taking any more of my time. I actually can argue that I spend more time trying to research to find the right thing and getting lucky enough to get the Suns and Mercury was like of the lead.
But I actually think I have more time on my hands now that I’m not chasing a team and trying to find the right thing for me and then I actually can focus on UWM. And so it will have zero impact is probably what I would say, but I would probably say, on the reverse side, a positive impact on UWM in the broker channel and consumers with the new platform we have. Thank you.
Steven Delaney: Thank you. Appreciate it.
Blake Kolo: Are there any other question. I feel like there is some in the queue. May be —
Mat Ishbia: Operator. Is there any other question. I see some in the queue. If not, we can close the meeting now. But I want to make sure I answered those couple of questions that are out there. One again. Operator, are there — it looks like there is questions in the queue. I see couple of different analyst. I don’t know if you can open up the line for — it looks like Kevin Barger. I hope he can speak. All right. Well, I think there’s some issue with the operator. If anyone wants to reach out. I see Kevin, I see a couple of questions there. You can reach out to Blake Kolo. He’s Business Officer, Head of Investor Relations. You can also — I’m happy to jump on a call. But I guess I’ll close with this. Amazing 2022 UWM. 2023, I’m so optimistic about and excited about the opportunity ahead.
We are the biggest and best mortgage company in the country. We will maintain that and continue to grow and dominate, take the market share, continue to help brokers win and help consumers across the board and UWM and our investors are going to be excited about it with the dividend and all the great things we’ve got going. So thanks for the questions. We’re excited about 2023 .
