To: bankbuyer who wrote (1499 ) 5/27/2012 6:35:01 PM From: KirbyJF1 1 Recommendation Read Replies (1) | Respond to bankbuyer says::: Streetlinks made $14.60 per appraisal in Q1 . Do you realize the volume required to have any impact on over 91 million shares ? The large increase in service fee income in the appraisal management segment is directly related to the increase in completed orders and transactions. The substantial increase in order volume is mainly due to our sales efforts, which led to increases in the number of mortgage lender customers, along with gaining additional order volume from existing customers. Generally, direct costs of services are consistent when comparing the three months ended March 31, 2012 to the same period in 2011. Fees charged by appraisals have largely remained unchanged. However, changes in the fee income and cost of service per unit, and therefore the net margin, from period to period may be impacted by the product mix of the appraisal products completed. In addition, margins for other valuation and transaction-based services are generally significantly different from full service appraisal management services, which may impact margins as the volume of these services increas es.The selling, general and administrative expenses are higher when comparing the three months ended March 31, 2012 to the same period in 2011. However, as a percentage of revenue, these expenses are lower as many of these costs do not increase proportionate to production. Following is an analysis of the results of operations from the appraisal management segment. Table 3 – Appraisal Management Segment Operations (dollars in thousands, except unit and per unit amounts) For the Three Months Ended March 31, 2012 ----------------------------------------------------------------------March 31, 2011 Total Percent Total Percent Service fee income: Full service appraisal management $ 41,431 99.3% ------------------------$ 18,695 99.0% Other valuation services and transactions 306 0.7 ----------------------------------191 1.0 Total 41,737 100.0 ------------------------------------------------------------------------18,886 100.0 Cost of services 37,426 89.7 ------------------------------------------------------------16,694 88.4 Selling, general and administrative expense 2,739 6.6 ---------------------------1,521 8.1 Other expense — — 30 0.2 Other income — — 10 0.1 Net income before income taxes $ 1,572 3.7% ---------------------------------------$ 651 3.4% Completed orders: Full service appraisal management 107,618 -----------------------------------------------51,116 210% Increase 371% Increase Source: NOVASTAR FINANCIAL INC, 10-Q, May 15, 2012 Powered So bankbuyer Streetlinks had 107,618 or more than 200% the appraisals for 2012- for the heck of it lets say Streetlinks doubles the number appraisals for future periods. I'm sure you have the proper software to give you the potential earnings. Pretty darn impessive isn't it & thats just Streetlinks $$$$$$$$$$$
