Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 172

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 172
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Nimble
Title Holdings has four subsidiaries, Nimble Title, LLC (“Nimble Title”), Nimble Title Agency, LLC (“Nimble Title Agency”),
Nimble Texas Title, LLC (“Nimble Texas Title”), and Nimble Settlement Services, LLC (“Nimble Settlement Services”).

34

The
discussion which follows should be read in conjunction with the consolidated financial statements and notes to the consolidated financial
statements contained in this Report.

Our
Business

Beeline
Loans, Beeline Title Holdings, Beeline Labs, and their subsidiaries, operate a full-service, direct-to-consumer digital mortgage lender
specializing in conventional conforming and non-conforming residential first-lien mortgages, a title provider offering title, escrow,
and closing services, and a technology platform licensing a proprietary software-as-a-service (“SaaS”) product. Additionally,
Beeline Loans, through a technology platform that it has built, supports a fractional equity product in partnership another company,
which uses cryptocurrency backed by residential real estate.

The
Company’s performance is influenced by several key factors, including fluctuations in interest rates, economic conditions, housing
supply, technological advancements, and its ability to acquire and retain customers. Interest rate changes have a direct impact on mortgage
loan refinancing and overall mortgage loan volume. In a declining interest rate environment, refinancing activity typically increases,
whereas rising interest rates tend to reduce refinancing and home purchase transactions. However, higher rates can also drive demand
for cash-out refinancings and home equity loans. Following a prolonged period of historically low rates, interest rates began to rise
in April 2021 due to inflation, increases in the federal funds rate, and other monetary policies. This upward trend, which continued
through 2023, significantly reduced mortgage market activity and the pool of borrowers who could benefit from refinancing. Additionally,
higher rates discourage homebuyers from entering the market and lead to a more competitive lending environment, compressing margins and
reducing origination volumes.

The
broader economic environment plays a crucial role in mortgage lending activity. Interest rate movements, employment trends, home price
appreciation, and consumer confidence all affect mortgage origination volumes. Typically, home sales peak in the second and third quarters,
but in 2022 and 2023, rising interest rates and ongoing housing supply constraints disrupted these seasonal trends. Despite steady consumer
demand for credit, high interest rates and economic uncertainty may cause borrowers to delay financing decisions, leading to fluctuations