Chris Bixby and Jodi Hall of Rice Park Capital talks about their strategic investing in technology within the mortgage and real estate ecosystem. They discuss the concept of investing in gaps, which refers to identifying areas of inefficiency and applying technology to improve operational efficiency, compliance, and revenue generation. They also explore the broad term of PropTech, which encompasses technology that provides services to the property ownership ecosystem. Chris and Jodi Hall emphasize the importance of collaboration among vendors to create solutions and address the hesitance of IMBs to adopt new technologies. They also discuss the potential impact of AI and large language models, such as ChatGPT in the mortgage industry. Rice Park Capital focuses on investing in companies that address gaps and challenges in the mortgage and real estate industries. They look for companies with innovative technology, a strong team, and traction in terms of revenue and customer base. Two companies they have invested in are Candor and Purlin. Candor aims to streamline the underwriting process and reduce costs by carrying underwriting throughout the entire loan lifecycle. Purlin provides AI tools to the residential real estate ecosystem, helping with lead generation, collaboration, and automating the closing process. Rice Park Capital is optimistic about the long-term potential of the mortgage and real estate markets, but they anticipate ongoing challenges such as sticky inflation and affordability issues. They believe there will be market share opportunities and consolidation in the industry.