Black Lake mark
Black Lake
Private · Black Lake

What if breaks chased themselves overnight?

Built for Alan Qureshi and the Black Lake leadership table.
100× · built for Black Lake IMN Non-QM Forum · Dana Point

What if breaks chased themselves overnight?

You built the models. The 2 AM labor around them is the tax: tape triage, break chasing, month-end narratives. Agents pay that tax for you.

Call Nik 412.320.1130 →
or ceo@100x.inc
2:00 AM
When agents start the day
2
Your IMN sessions, Jun 15
0
Models replaced, by design
scroll
The read · operator to operator

Three things the public record says about you.

01 · The platform
Pricing through transfer.
Agency, Non-QM and MSRs run pre-trade through post-trade on one platform.
Source: blacklakeinvestmentsolutions.com
02 · The operator
Thirty years on the desk.
U.S. Bank MSR hedging, Incenter president, Blue Water co-founder, JPM, Merrill.
Source: IMN speaker bio + bluewater-fintech.com
03 · The week
Two sessions, one afternoon.
Hedging at 3:15, tech stack at 4:10. Monday is yours.
Source: IMN Non-QM agenda, Jun 15
Off-read? 412.320.1130 sets us straight.
03 · Built for your table

Written for the people who run Black Lake.

Forward this page. Every seat on the desk has a line in it.

Alan Qureshi
Alan Qureshi
President
The capacity story, without the 2 AM tax.
The desk
The hedge seat
Breaks chased and written down before you sit down.
Quant research
The model seat
Clean inputs on every run. The models stay untouched.
Technology
The rails seat
Runs inside your perimeter. Every action logged with a receipt.
Client coverage
The coverage seat
Answers grounded in your runs, desk-reviewed before send.
Photo: IMN Non-QM speaker page. Your site says leadership profiles are coming soon, so the other seats stay unnamed.
04 · The pipeline

Imagine the data already triaged when you sit down.

Tapes land overnight. An agent runs your checks, clears what passes, escalates what breaks, and writes down why.

pipeline-watch · overnight run
02:04servicer tape received · 38,412 loans · schemaPASS
02:11prepay history reconciled to prior monthPASS
02:19escrow fields null on 214 loans · same servicer as last cycleFLAG
02:20drafted exception email to servicer · held for your sign-off
02:34rate feed vs close: 2 tenors stale beyond toleranceBREAK
02:35fallback source pulled · diff logged · marked provisional
02:58model inputs staged · nothing valued without clean inputsREADY
06:30desk brief drafted: 2 items need a human, 9 cleared with receipts
05 · The narrative

Imagine month-end writing its own first draft.

The model produces the attribution. An agent turns it into the letter a client CFO reads, every figure traced to its run.

Hedge performance attribution · client draft
drafted by agent · every figure linked to model output · awaiting desk review

Your servicing asset and hedge book moved in line with the model this cycle. The residual decomposes cleanly: no unexplained P&L beyond tolerance.

Rates
+62 bps
Volatility
-21 bps
Carry + decay
+34 bps
Model + basis
-8 bps
trace: run #4471 · inputs verified 02:58 · click any figure for the lineage
06 · The clients

Imagine every client question getting the analyst treatment.

An agent that sits on your output answers with the factor table, not a paragraph of hedging.

8:05 AMclient desk
Client deskgrounded in your model output · desk-reviewed before send
What moved the MSR mark this week? CFO is asking before the board call.
Three drivers, in order:
Primary-secondary spread-4.2 bps
Rate level, 10yr+2.8 bps
Float earnings assumption+1.1 bps
source: weekly valuation run · full lineage attached
Can you send the board-ready one-pager version?
Drafted and in your review queue now. Your analyst signs before anything leaves the building.
queued for review · 8:07 AM
07 · The architecture

The moat stays the moat.

Agents slot between your platform and your desk. Nothing of yours moves.

Your desk
Judgment, client relationships, final sign-off. A human approves every send.
briefs up
The agent layer
Tape triage, break chasing, attribution narratives, client answers. Every action logged with a receipt, inside your perimeter.
reads from
Your models + platform
Valuation, hedging, pre-trade through post-trade. Your IP compounds instead of leaking into a vendor's.
untouched, by design
08 · The shape of it

What would you name it? Mine is called Buck Miller.

Buck runs the analytics on my own portfolio. Yours would be a pod of specialists under one name your clients learn to trust.

Pipeline
validates every tape and feed overnight
Breaks
chases exceptions, drafts the emails
Narrative
attribution letters, numbers traced
Client desk
answers grounded in your runs

Your quants keep the models. Your desk keeps the judgment. The agents keep the night shift, and they never get bored of it.

09 · The receipts

Mortgage analytics is home turf.

Button Finance is a customer. Angel Oak ran an AI-strategy workshop with Nik. The analytics record runs deeper.

Valuation at scale

"Without 100x, Home.LLC would have failed. With 100x, we replaced 100+ originators, underwriters, and servicers with a single AI agent 'Sophie' and analyzed 100M+ properties nationwide to find the best investment targets. That's why, I spun out 100x so you can build on our successes."

Nik Shah
Chief Executive Officer · Home.LLC
Decision surfaces

"Thank you! Couldn't have done this without your kick-ass team. They absolutely crushed it!"

Felix Yeung
Product Leader · Opendoor
Workflow continuity

"Thank you for not just replicating, but improving our workflow. Love your proactive thinking!"

Laura Guilbert
Operations Lead · Mainstay
10 · The question

Opposed to exploring further?

Human CEO
Nik Shah
"If AI can do my job, why can't it do your job."
Nik Shah, Temporary CEO, 100×
2013-2019Ernst & Young. Entry-level to Chief of Staff to Board.
2019-2025Home.LLC. Housing finance co, now 99% AI-managed by "Sophei".
2023-2024iSquad/SPS. Scaled and sold a staffing company.
2025-now100x. Building custom AI agents for businesses.
Featured in WSJ, Fortune, Axios, and 50+ publications. Called "the most accurate housing market forecaster in America."
Call Nik 412.320.1130 → Email Nik →
100× · for Alan Qureshi and the Black Lake table