Michelle Wallach | Chief Compliance Officer & Senior Regulatory Counsel |
Pamela McCormack | Founder & President |
Marc Fox | Chief Financial Officer |
Brian Harris | Chief Executive Officer |
Steve Delaney | JMP Securities |
Tim Hayes | B. Riley FBR |
Stephen Laws | Raymond James |
Jade Rahmani | KBW |
Rick Shane | JPMorgan |
Greetings and welcome to the Ladder Capital Corporation Second Quarter 2019 Earnings Call. [Operator Instructions] As a reminder this conference is being recorded. I would now like to turn the conference over to Ladder's Chief Compliance Officer, Senior Regulatory Counsel, Ms. Michelle Wallach. Please go ahead Ms.