Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 197

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 197
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 whole mortgage loan, including the value attributable to mortgage servicing and credit risk. Loans held for sale for which there is little to no observable trading activity of similar instruments are valued using Level 3 measurements based upon dealer price quotes and internal models.

| F-64 |

Beeline Financial Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2023 and 2022

IRLCs: The fair value of IRLCs is based on current market prices of securities backed by similar mortgage loans (as determined above under mortgage loans held for sale), net of costs to close the loans, subject to the estimated loan funding probability, or “pull-through factor.” Given the significant and unobservable nature of the pull-through factor, IRLCs are classified as Level 3.

Forward commitments: Beeline’s forward commitments are valued based on quoted prices for similar assets in an active market with inputs that are observable and are classified within Level 2 of the valuation hierarchy. There were no open forward contracts at December 31, 2023 and 2022.

Assets or liabilities measured at fair value or a recurring basis were as follows at December 31, 2023 and 2022:

Schedule of Assets or Liabilities Measured at Fair Value Recurring Basis

| Description                   |     | Level 1 
 2023    
 Level 1 |   |     | Level 2 
 Level 2 |           |     | Level 3 
 Level 3 |        |     | Level 1 
 2022    
 Level 1 |   |     | Level 2 
 Level 2 |           |     | Level 3 
 Level 3 |        |
|:------------------------------|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|
| Mortgage loans held for sale  |     | $       | - |     | $       | 2,301,012 |     | $       |      - |     | $       | - |     | $       | 3,022,969 |     | $       |      - |
| Interest rate lock derivative |     | $       | - |     | $       |         - |     | $       | 57,505 |     | $       | - |     | $       |         - |     | $