Paul Elenio | CFO |
Ivan Kaufman | President and CEO |
Ryan Tomasello | KBW |
Rick Shane | JPMorgan |
Steve Delaney | JMP Securities |
Ben Zucker | BTIG |
Jade Rahmani | KBW |
Good day, ladies and gentlemen, and welcome to the First Quarter 2018 Arbor Realty Trust Earnings Conference Call. [Operator Instructions] And as a reminder, this conference is being recorded. I would now like to turn the call over to Mr. Paul Elenio, CFO. Sir, you may begin.