Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 184

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 184
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 stop providing services to it on acceptable
terms or at all, or if Beeline’s commercial partners were to terminate their relationships with it, Beeline may be unable to procure
alternatives in a timely and efficient manner and on acceptable terms, or at all. Beeline may incur significant costs to resolve any such
disruptions in services or the loss of commercial partnerships, and this could materially and adversely affect its business, financial
condition, and results of operations. Further, any loss of third-party partnerships and vendors may decrease Beeline’s customer
base or inhibit its ability to gain new customers and disrupt its existing business operations. Beeline’s third-party partners and
vendors may also choose to cease doing business with it and instead do business with its competitors.

Beeline is also subject to regulatory
risks associated with all of the above relationships, including changes in law or interpretations of law that could result in increased
scrutiny of these relationships, require restructuring of these relationships, and/or diminish the value of these relationships.

If Beeline loses the services
of the vendor that provides it with loan origination or customer relationship management software, its short-term results of operations
will be materially and adversely affected.

Beeline licenses loan origination
software and customer relationship management software from privately-held third-parties. If those parties were to cease providing platform
services to Beeline, Beeline would be required to obtain software from another party, which could be on more expensive terms. Further,
the integration of another loan origination software product would entail technical challenges and expenses and generally be disruptive
to operations. If Beeline was cut off without notice, such disruption could also negatively impact borrowers with loans at various points
of the process. This could lead to liability to Beeline if borrowers end up with financial loss. As a result, our short-term results of
operations would be materially and adversely affected.

21

Because Beeline depends on its
ability to sell loans and MSRs in the secondary market to a limited number of loan purchasers and to secondary market participants for
each relevant product, its ability to originate loans and offer related mortgage service rights would be materially and adversely affected,
if its ability to sell loans and mortgage service rights became impaired.

Beeline’s business depends
on its ability to sell its loan production to third party investors. Its ability to sell and the prices it receives for its loans vary
from time-to-time and may be materially adversely affected by several factors, including, without limitation: (i) an increase in the number