BENEFITS

Complete Online, End-To-End Banking Solution

• Fulfillment center
• Vendor services
• Warehouse line
• Mortgage purchase conduit (correspondent approval)

Increase Profits

• SRP versus YSP
• Better secondary market execution

Reduce Risk

• Processing and underwriting warranty
• NO repurchase obligation on sale of loan
         Carve out for fraud and 1st payment defaults

Gain More Control Over The Lending Process

• "Virtual" mortgage bank
• Regulatory compliance
• Total control through the web
• 100% electronic file
• Integrated vendor services
• Available 24hrs X 7days

Compress Process Cycle Time

• Improve customer service (meet timelines and reduce fallout)
• End-of-month peaks (accelerate processing backlogs)
• Faster time to investor purchase

Warehouse Line Approval

• Faster growth than with traditional warehouse line
• Quicker line turn-time when selling to Sterling Eagle

Reduce Processing Complexity

• Better process for error identification and recovery
• Electronic document identification and indexing
• Eliminate bottlenecks in underwriting, closing and post closing

Improve Accuracy/Completeness of The Loan Files

Mortgage Purchase Conduit Correspondent Approval

• Competitive secondary market execution
• Broad product mix

Variable Cost Back Office Infrastructure

• No need to hire additional staff
• Pay on a per loan basis

Paperless File

• Submit Electronically To Investors
• Can be viewed by investors or for QC from anywhere
• Automates hardcopy file submission

Increased Ability to Compete