The company's next objective is to complete key pilot milestones and move the platform into its next stage of commercial launch preparation. ECGI believes successful execution could help establish an early position in an emerging category of mortgage capital markets infrastructure.
The fact that the pilot has been up and running now for the last two months after securing the $25M line of credit only supports this platform is much further along than many here had realized. One doesn't simply go out and obtain a $25M line of credit without a platform to support it.