Something that's...

Back in 1990, Toby Groves did what a lot of people want to do.

He started his own company.

He had studied business management in school,

became a certified public accountant,

and eventually opened up a mortgage bank.

So it was Groves' funding corporation that was named after me.

Now, let's say you want to buy a house.

Nobody really has all the cash needed to purchase a house outright.

So you need help covering the cost.

You go to a mortgage banker like Groves' funding.

They lend you money using the house you're buying as security.

And of course, this is known as a mortgage.

Now we've got to break this thing down a little bit

because all of this financial stuff gets somewhat complicated for me at least.

Groves' funding worked like any other mortgage lender.

The company got the money that they lent to borrowers through what's called a warehouse loan,

which is a line of credit issued by a bank.

Think of a warehouse line like a giant credit card with a $50 million limit.

Now, Groves' funding secures the money from the bank for a home buyer.

Then they package that loan with a bunch of other mortgages,

sell them on the market,

...