Topic: How To Invest

Q: Hi, Pat. Thank you for your wealth of investment knowledge over the years it has helped my family build a good financial foundation for the present and future. Please, tell us more about Real Matters Inc. (REAL) on Toronto. Look forward to your reply. Thanks.

Article Excerpt

A: Real Matters Inc., $11.85, symbol REAL on Toronto (Shares outstanding: 84.9 million; Market cap: $957.7 million; www.realmatters.com), provides technology and network management solutions to the mortgage lending and insurance industries in Canada and the U.S. The company is based in Markham, Ontario. Its clients include 60 of the top 100 mortgage lenders in the U.S. and some of the largest insurance companies in North America. Real Matters operates a technology-based marketplace for mortgage appraisals and related services under the Solidifi brand. It also offers insurance inspection services to insurers in Canada under the iv3 brand. The company gets 92% of its business in the U.S. real estate market, 72% of which is from real estate appraisals facilitated by its Solidifi platform. This platform lets financial institutions gather mortgage appraisal information quickly and inexpensively. Appraisers, insurance inspectors, notaries, and related service providers compete for business on the platform based on their performance. In April 2016, Real Matters acquired Linear Title & Closing for…

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