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Your Favorite L1 Was Overpriced | Roundup

Bell Curve

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Defaults Are a Normal Thing in Any Platform

When a borrowed defaults that's that's basically a failure in underwriting. That's like the risk evaluation went wrong somewhere though I guess that's like it's normal to default but you would hope that if the risk management and like your risk engine is good enough then that risk gets priced into any loan into every loan origination which then helps create this like reserve to account for defaults right so I guess a couple questions here one is who just make sure I understand the maple system does maple do the underwriting or does who does the underwriting the pool delegate right okay?

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