SSP Solutions

Appraisal Services Nationwide
Single Source Partners appraisal service solution offers quality appraisals at competitive prices, with a guarantee of your complete satisfaction. Our vendors’ seamless appraisal review process will incorporate your requirements for each and every loan. Some appraisal products include:

• FNMA 1004

• FNMA 2055

• NARAMU 2006.
Also offered are alternative valuation products including BPOs, AVMs, and warranted or guaranteed AVM’s.

Outsourced Loan Processing,
Underwriting and Fulfillment
This solution enables customers such as credit unions and community banks to be the dominant mortgage lender in their customer and affinity groups by enabling them to originate or acquire more loans, more efficiently, at a lower cost and with the following advantages:

• Immediate economies of scale

• Licensed "first-originator" call center

• Fixed fee transaction fulfillment

• Customizable solutions and private label

services

• Cost savings and limited up-front investment

• Client control of the value proposition (rates,

fees and product offerings).

Document Signing Services
Single Source Partners provides one of the leading national document signing providers who services mortgage lenders, brokers and title companies throughout the United States. This network of experienced Notaries includes bilingual/Spanish speakers and is located in major cities across the country.
Because our providers' management and staff have held operational roles at several prominent national lenders, they have the unique advantage of relevant mortgage operations experience, which allows them to bring in-depth knowledge, high customer service standards and technology together to provide you with outstanding lending-related services.

National and Regional Escrow Services
Single Source Partners has partnered with the preeminent national escrow/settlement company in the mortgage industry. With one phone call, you will receive the following services:

• Escrow

• Order title

• Order demands

• Clear title

• Disburse funds

• Schedule recordings

• Online orderings

• Settlement/signing

• 24/7 service

• Home/office closing

• Quick turnaround.
The management team at our national and regional escrow solution has a wealth of experience in the mortgage industry and takes great pride in the urgency and turnaround time of closing your borrowers' loan docs. Their professionally trained representatives provide the highest levels of customer service and can accommodate 125s, Title Ones, VA Streamline 1st, 2nd, and any other loan program you may offer.

Flood Reporting Services
Fast and reliable flood hazard information is undoubtedly essential to closing and servicing loans. Yet trying to keep up with complex compliance regulations can expose you to unnecessary risk and liability - and distract you from your core business.
Single Source Partners' flood reporting solution is a leading national provider of flood hazard compliance services, including the following:

• Flood certification

• Portfolio compliance

• Flood insurance tracking

• Geophysical hazard reporting information.
This trusted solution provides lenders with seamless automated access to quick, accurate flood data at competitive prices.

Tax Services
For most mortgage servicers, managing property taxes can be a time-consuming distraction. Single Source Partners' tax solution combines the most advanced technology with operational discipline to deliver reliable, comprehensive tax services at the most reasonable fees possible.
A premier provider of real estate tax services and data to financial institutions across the nation, our vendor provides the following products and services:

• Complete property tax data procurement

and disbursement processes

• Comprehensive property tax delinquency,

monitoring and tracking services

• Outsourcing solutions tailored to various

servicing strategies

• The most interactive online real estate tax

system available today.

National Title Insurance
Receiving excellent title and escrow service for out of state loans is often time-consuming and expensive. Local title companies, although excellent for in state loans, do not have the licenses or infrastructure to provide quick turn times and competitive pricing.
Single Source Partners has aligned itself with a prominent national provider of title insurance and escrow services. Our vendor partner combines a wealth of experience with a mission to provide the best customer service in the industry.
This solution also provides a website that allows customers to track all steps involved in a title and/or escrow order real time, allowing two-way communication between customers and escrow officers so that you always know the exact status of your title and escrow order.

Automated Underwriting Platform
This compliance-grade, rules-based platform is private labeled and linked from your website. There, brokers can download their 1003 directly to the AU, which will have all the parameters of your diversified investor base. This program already has a library of the attributes of RFC, Household, Saxon, Impac, IndyMac and many others - as well as all the investment bankers.
Identifying the exact parameter that does not fit to any of your loan categories, this system allows brokers or loan officers to match it to one of your various products. The AU can also price the loan accordingly, or you can have the system pre-qualify and forward to the AE or underwriter for pricing.
While highly customizable and private labeled, this system can be implemented in a matter of weeks, and is a huge benefit for brokers and account executives for sub-prime, non-conforming wholesale or retail lender, conduit or investor. With a minimal up-front cost to implement, the AU features transaction-based pricing thereafter, which may be charged to the borrower. Windows or Web versions are available.
Direct benefits

• Convert AEs from prequallers into top

salespeople; AEs will transition from manually

doing prequals and pricing to:

• Showing brokers how easy it is to get

their own prequals and pricing online.

• Convincing brokers to submit the full file

for online prequals that pass.

• Persuading brokers to get approved with

Dollar Mortgage.

• Dramatically increase your pull-through ratio:

• Your brokers will receive instant pre

-approvals online - before your competition's

24-hour turnaround.

• AEs are immediately notified upon

each submission.

• Stop working on files that should have been

diagnosed as DOA:

• Enable your LOs, AEs, processors, pre

-underwriters, and brokers to screen

applications before they get into processing.

• Save money on wasted credit pulls.

• Centralize credit policy management

and real-time deployment:

• Ensure that all LOs, processors and

underwriters in your organization, across

all of your branches using the system,

observe new underwriting guidelines the

minute they go into effect.

Document Preparation
Single Source Partners' chosen vendor partner is the largest provider of loan closing documents in the mortgage industry. Their fast and easy-to-use web-based input processing system provides the capability to quickly produce, manage and electronically deliver any type of document. Users simply access the web, enter their User ID, select the desired service and begin to input data. The system provides the following benefits:

• Supports in-house or distributive remote

user access

• Reliable, with two redundant "class-one"

data centers

• Fast, efficient and simple to use

• Electronic delivery options (in seconds)

• Security levels customizable to user level

• Supports and manages multiple product lines

• Custom forms development, editing and

maintenance

• Quick introduction of new products

(days vs. weeks)

• Robust reporting features (historical log, etc.)

• Third-party document review (e.g., attorney)

• Meets GLB and OCC regulations

• Requires minimal IT support

• Real-time document and system upgrades

• Private-label website integration

• Custom, client-specific interfaces

• Interfaces with leading loan origination systems.

Income / SSN / Filing Verification Services
With stated loans being such a staple in non-conforming, quick verification of tax filings is essential. This service can provide copies of the following:

• Last four years of tax returns

• W-2s

• SE verification.
Information is typically provided with one-day turnaround for approximately $20.
Because a stated income program means no income verification required, you can also simply get a TFV (tax filing verification) that shows the schedules filed the last four years without view of income. If the loan then needs to go full doc, the rest of the income information is available for free.
An excellent tool for retail, it eliminates the need to request old returns from borrowers, thereby decreasing the negative aspects of the origination process.

Web-Based Ordering Platform
One of the key pieces of technology that allows lenders to provide bundled services to their customers, this web-based platform orders, stores and manages all the reports you need to close a loan. Pick the service providers, products and bundles you want, all from the same place:

• Credit

• Flood

• Title

• Appraisal

• Automated Valuation Models (AVM).
Access reports online anytime or any where you want. This platform uses tested technology to keep client information and loan data secure. With no set up fees, minimum charges, or software to buy or maintain, you only pay for the cost of the reports you order - saving time and money while you close more loans.

Automated Valuation Models (AVMs) Services Nationwide
Automated Valuation Models (AVM) have gained wide acceptance by the lending community and are used as tools to determine residential property values. Now smaller lenders and brokers can see the same property data, sales comparables, and home valuations that larger institutions use to make risk decisions for mortgages, home equity loans, and credit lines.
Single Source Partners has once again reviewed multiple providers within this product category and represents what we feel is the strongest vendor on the basis of performance, reliability and cost.
Our solution delivers confidence - scores directly correlated to the accuracy of their valuations, utilizing multiple methodologies and analytics to provide the following benefits:

• Reliability - meaningful confidence scores

• Control - total account management

• Sophistication - highly accurate valuations

• Foresight - future value forecasting

• Efficiency - portfolio submissions

• Performance - enhance bottom line results

• Support - end-to-end collaboration.

Document Imaging, Scanning, Storage and Data Entry
In a data-intensive industry where privacy, security and accuracy are key to your success, your document management process is critical. Our solutions provide immediate, recognizable value immediately, with a positive impact on your bottom line.
Our document management solution has many benefits, including:

• Capital spending moves to the operating budget

• Reduction in labor spending

• Faster deployment of new technologies

• Improved levels of service

• Competitive advantage

• Obtain access to valuable resources.
The core services of this vendor include:

• On- and off-site scanning and data entry

• Domestic and off-shore data entry

• Mailroom outsourcing services

• Solutions for accounts payable

• Media-to-media conversions

• In-house imaging solutions

• ASP: Hosted imaging solutions

• Workflow design and system integration

• ROI consulting services.

Electronic Document Delivery
Most everyone agrees - mortgage lending has always been cumbersome. From origination to closing, the process accumulates a mountain of paperwork to be collected, verified, reviewed, approved, distributed, and filed. And during the most time-sensitive step of the process - the closing - the traditional methods of printing, copying, collating and couriering documents from place to place are just too inefficient, and inflexible.
This solution delivers a secure, electronic delivery of mortgage closing documents by utilizing the power of the Internet, combined with the most advanced proprietary software in the industry. This product easily integrates with your existing document origination systems and handles electronic signatures, eBroker connect, and return disclosures. With the implementation of Gramm-Leach-Bliley focused on protecting the confidentiality of non-public personal information, email-based delivery does not measure up to the strict security requirements provided by our solution.

Loan Origination Software
Single Source Partners represents more than one solution within its LOS offering, as the myriad of specific business applications needed by the lender vary widely and are specific to their own business model and growth plans.
However, we do believe that one particular LOS platform provides unparalleled functionality and high value compared to its competitors. This LOS provider is focused on providing automation solutions to streamline all stages of the mortgage banking process including:

• Origination

• Processing

• Approval

• Closing

• Delivery of loans to the secondary market.
This enterprise-class system is scalable for small lenders funding $50 million and large lenders funding $1 billion per year. The product suite captures all consumer entry points, thus creating a simplified process for both lender and consumer. These systems are an all-inclusive solution encompassing software, hardware, vendor interfaces, and table/data management to facilitate the implementation of "best business practices."

Mortgage Banking Software
The functionality this software provides is a necessity for every mortgage banker doing business in today's marketplace. This simple, affordable and reliable platform provides the following functionality:

• Loan setup - loan registration including full

1003 and 1008

• Underwriting - email loan approvals, track

Conditions

• Closing - closing documents, loan funding

• Post closing - shipping, trailing docs,

insuring, file room

• Secondary marketing - lock tracking,

investor locks

• Accounting - payment tracking, 1098 and

1099, commissions

• Quality control - HMDA, LAR reporting,

broker management.
This comprehensive solution provides one secure, central database for all your secondary marketing needs.

Post-Closing Software
Our vendors' web-based technology automates all document production, management functions and workflow into one centralized, paperless value-chain portal. This total-solutions approach expands your closing and post-closing capabilities far beyond traditional "doc-prep systems" that are one-dimensional in their ability to only produce and deliver documents.
The technology provides all participants (e.g. investor, lender/broker, etc.) one web portal for total collaborative knowledge and real-time participation in all closing and post-closing activities. From closing to the sale of loans on the secondary market, this technology reduces the amount of time spent on all activities and allows you and your partners to close more loans.

Insurance Products for Originators and Bankers
The mortgage industry is a fast-paced and ever-changing business environment. Managing the risk and liability inherent to daily operations while maintaining compliance with mortgage investor and regulatory requirements is a constant challenge. Single Source Partners recognizes the complexities of your business, and we offer a wide variety of insurance products specifically tailored for mortgage operations.
Working with over 30 carriers via cutting-edge insurance technology and having unlimited access to insurance professionals in order to support your needs, SSP Insurance Services strives to provide you with superior protection for all aspects of your business.
Commercial Property/Casualty Products:

• Business Owners Policy

• Workers' Compensation

• Commercial Automobile

• Umbrella Excess Liability

• Builder's Risk

• Property Insurance

• Liability Insurance

• Professional Liability

• Errors and Omissions

• Employment Practices Liability Coverage

• Specialty Coverage

• Commercial Bonds

• Fidelity Bonds

• Home Business Coverage
Group Employee Benefits Products:

• Health Insurance (HMO, PPO)

• Dental Coverage

• Life/Accidental Death and Dismemberment

• Long-term Disability

• Short-term Disability

• Pension and 401(k) Plans

• Vision Plans

• Prescription Drug

• Medical Savings Accounts

• Section 125 Plans.
Among our insurance partners: Foremost (A+), Hanover Insurance (A), Pacific Care, The Principal Financial Group (A+), The St. Paul Companies (A+), Zurich North America (A+), Blue Cross Blue Shield, Philadelphia Insurance Companies (A+), The Hartford (A+), Travelers, Lloyds of London.

Guaranteed Appraisal Products
Today, lending professionals have to close more loans in a shorter time than ever before. Yet in today's busy lending market, appraisal turnaround times are now longer than ever. The guaranteed valuation is a powerful new solution, combining the reliability of traditional real estate appraisal techniques, the efficiencies of today's very best automated property valuation technology, and the complete mitigation of risk.
This new service, produced by staff real estate valuation experts, authenticates each property valuation via interactive computer analysis and provides a guarantee on that valuation. The perfect compliment to your current appraisal methods, the product allows significantly more loans to be processed every month, and at considerably lower risk and cost. These reliable property valuations - which can also be upgraded to other types of appraisals if required - are delivered at nearly the same speed and low cost of AVMs…in just hours, rather than weeks as with traditional appraisals.
The guaranteed valuation provides coverage for single-family residences or condos where real property data is available on principle loan amounts less than $250,000, and can be transferred to a new lender or loan servicer.

Warranted AVM Products
Determining collateral value is an integral and key component of the mortgage loan underwriting process. The accuracy of the valuation is essential for the lender to properly assess the collateral property pledged as security for the mortgage loan, and for determining the Loan-to-Value ratio.
The Warranted Automated Valuation Model (AVM) is a technology-driven product developed to provide unbiased residential property valuations in the most cost-efficient and timely manner. The inclusion of a warranty backed by an Errors and Omissions insurance policy provides additional assurance to the property value to complement the speed and economy of the AVM.
This product can dramatically lower costs, save resources, and is gaining acceptance at the Wall Street investor level. Please contact us to discuss a program that can be customized to your specific internal work flow and processes.

Alternative (Insured) Lien Position Products
Lenders looking for alternative title products now have options that are currently being accepted by the investor, conduit and GSE community. An AM Best "A"-rated company now provides E&O coverage to credit reporting agencies and title reporting companies in the industry that allows them to offer products to lenders aimed at speeding up the loan process as well as reducing closing costs.
Lenders have the option of choosing either the credit-based product called the "Mortgage Loan Report" or the "Property Plus" product that is actually a typical property report (O&E) with an Errors and Omissions coverage that stands behind the loan for the life of the loan. Coverage is fully transferable at no additional cost.
An E&O policy simply protects the user of the report against any loss resulting in an error or omission on the report.
The E&O policy has been enhanced in the following ways:

• An occurrence policy rather than the typical

claims-made policy, resulting in life-of-loan

protection whether or not the policy is still

carried by the service provider

• No aggregate limit

• Higher per claim (loan) coverage with

no deductible.
The coverage on these two products remains the same whether you choose the report that uses credit-based data or the property report product. The credit-based product is less expensive and returns a report to the lender identifying the borrower's secured mortgage loans in 30 seconds, allowing for very quick underwriting decisions. The property report, however, identifies liens specific to the subject property and includes last vesting deed information not contained in the MLR. Both of these products are available for home equity, seconds, or refinance loans.

Multi-Sourced Data Solutions
Single Source Partners represents a solution that provides a powerful combination of multi-sourced data solutions and strategic services, enabling businesses to reduce expenditures and maximize the return on their marketing investments. This company's client list includes companies such as Household International, Citigroup, Conseco, Equity Guaranty and Bank One, but the price remains in reach for most mortgage originators.
This provider's proprietary data warehouse assembles and integrates multiple sources of best-in-class data into its own consumer information database - containing over 200 million individual consumer records with more than 50 million confirmed homeowner households. Through a data prescreen, they go one step further and append credit data from national bureaus to deliver comprehensive lists for pre-approved offers of credit, with over 425 attributes available for selection and analysis.
And using another proprietary email database - containing over 50 million email addresses and growing daily - they enable you to expand marketing efforts by leveraging the email channel to communicate with prospects. Combining demographic, credit, and email data offerings provides all the consumer data you need to identify your prime prospects, capitalize on the power of multi-channel marketing and maximize your profits.

Lead Generation - Data Services
Single Source Partners has poured over multiple data sources to form partnerships with the market leader in this difficult, yet important product for all originators.
This full-service marketing data, direct mail, and data services company has taken the initiative to create the next level in a new form of direct marketing - one that combines data building and modeling expertise with the perspective and experience of the end-user of the very products and services that it provides.
This data is of the highest integrity, and is always provided in an exclusive manner, raising your expectations on return-on-investment for your marketing dollars.

Customer Retention Services
Designed exclusively for mortgage and financial professionals, our low-cost custom retention provider delivers the perfect solution to improve the value of your existing customers through repeat business and referrals.
Consider that it costs six times more to acquire a new customer than it does to keep an existing one. Why, then, do so many mortgage professionals continue to lose so many of the same customers they worked so hard to get in the first place?
Retention services will improve your image as a service-oriented lender and extend your client-lender lifecycle by helping you build strong relationships with your customers. The benefits are numerous:

• Cost effective. Our vendor can perform these

services at a far lower cost than doing it

yourself - less than 3 percent of your

average cost of acquisition.

• Reduce the common causes of client loss

with a proactive client retention program.

• Save money by preventing client loss,

AND spend less on a comprehensive client

retention program.
Your clients chose you because they liked what they saw and heard. Invest in maintaining that image by employing one of our client retention programs. Develop client relationships, retain loyalty, increase referrals, and grow your business.

Prospect Marketing Solutions
Our vendor's professional staff works closely with clients to develop a marketing strategy designed to generate new business. This solution has the expertise to pinpoint specific lists including prime, sub-prime, existing customers and specific demographics.
Whether a client wants to acquire new customers or increase business with their existing customer base, our vendor develops a specific strategy to deliver the desired results. The goal is to make sure clients are completely satisfied with the results of their direct marketing campaign.
Strategy design includes the following components:

• List management (client's database

or customized acquisition list)

• Graphic design

• Complete mailing services

• Special promotions

• Voice messaging

• Campaign tracking.

Outbound Telemarketing
Single Source Partners provides a turn-key outbound marketing campaign solution that includes multiple data providers and a low-cost, highly skilled call center to provide exclusive warm call transfers to your organization.
Data is the key for this solution, as results correlate directly to the integrity of the consumer data placed into the predictive dialer maintained by the call center. Single Source has multiple relationships with data providers who have proven track records, reasonable costs and high integrity. This is the key to a successful outbound campaign.
Once your data list is acquired, you provide a customized script used by our call center partner to place outbound calls. These call center representatives have experience in the mortgage industry and are excellent in engaging qualified consumers. Interested consumers are then warm-transferred, "live" to your loan officers who qualify the borrower and begin the 1003 process.

Automated Compliance System
Compliance is a major concern for everyone in the mortgage industry, and Single Source Partners represents a robust Internet-based application that substantially reduces the time, cost, and subjectivity associated with mortgage compliance audits. This vendor's sophisticated knowledge base and quantitative rule-based decisioning capabilities enable auditing against applicable federal, state, and local laws and regulations, as well as institution-specific compliance policies. The automated compliance system instantaneously displays incidents of non-compliance in an easy-to-read summary format, as well as a detailed narrative findings report. With the following benefits, they set the standard for automated, loan-level compliance auditing.

• Powerful analytical tool for prime credit

grade loans

• Detect and mitigate non-compliance as

early as point-of-sale

• Verify and cross-reference loan-level data

against federal, state, institution-specific

and secondary market investors'

compliance policies

• Reduce manual intervention in the audit

process

• Provide real-time decisioning with narrative

findings report.

State Licensing Services
Diversification in the marketplace is key to staying successful. With that in mind, our proven provider offers multi-state licensing. Expanding your lending activity nationwide enables you to provide housing throughout the United States.
Our partner guides you through what can be an overwhelming process - given the constant flux in state licensing laws and a myriad of unforeseen obstacles. Subsequently, their licensing division serves you nationwide. For those lenders or brokers who find it difficult to maintain or do not have the manpower to maintain their licensing, this vendor also offers a licensing management program.

Outsourced Compliance Solutions
Through an extensive nationwide network, our provider helps you establish a proficient compliance and quality assurance foundation, offering support in:

• Responding to state audits

• Establishing an effective internal

compliance program

• Federal compliance support, such as but

not limited to: TILA, RESPA, ECOA and

Privacy and Compliance audits.
Moreover, this compliance component offers a step-by-step understanding of how to set up your organization, integrating compliance and operations. Our vendor works with your processing, underwriting and funding staff to ensure everyone has a clear understanding of not only the federal regulations, but state regulations as well. In case of an audit, they will help explain the regulatory stance and in turn work with the regulators to assist them to understand your position.
In addition, our vendor provides compliance reviews on loan documents and up-front disclosures. They work to develop an internal compliance and quality assurance structure, which in some instances is provided through outsourcing.

Broker Administration
This program can alleviate the resource challenge that broker administration represents to so many in the mortgage industry. The program consists of two elements: Broker Approval and Broker Maintenance.
Each service can be tailored to meet your specific needs, or you can allow
our vendor to implement its own standard policy and procedures, which correlate
with investor guidelines, warehouse lenders and Fannie Mae and Freddie Mac.
Broker Approval
This element is made up of the following components:

• A review of the broker submission package

with a focus on ensuring its compliance

with your minimum requirements written in

the policy and procedures.

• A review of the licensing, financials and credit

reports provided by the broker.

• A screening administered by a service provider

to check for any derogatory information that

may be affiliated with a particular broker.
Broker Maintenance
This element involves maintaining monthly reports, broker administration support and notification of license expiration status.

Quality Assurance
By providing your organization with this service, our vendor attains a better understanding of your diverse needs and identifies areas of risk. Our solution can then train your underwriters, processors and management on what may be "high-risk" loans, and minimize their occurrence. Larger profit centers are a by-product of more marketable loans.
Our vendors' quality assurance division performs 10 percent random samplings with easy to read reports for an array of products such as FHA, VA, ARM loans, HELOCS and fixed-rate products. They work with your operating staff to establish sound underwriting standards, and Fannie Mae and Freddie Mac lender approval and training as needed. The vendor also tailors the quality assurance reports around your existing quality assurance plan, making the process as customized as possible - including quality assurance plans, training and reprocessing support.

Niche Subprime / Alt-A Investors
Our niche investor specializes in deals that fall outside the box of the standard subprime and Alt-A investors. When a loan is turned down by other investors, give this investor an opportunity to take care of you and your borrower. Program highlights include:

• Ninety-percent stated wage earner with

580 score

• Jumbo loans to $1 million -

• Score-only programs - mortgage history

not considered in credit grade

• NO bankruptcy and foreclosure seasoning

programs - one-day-out acceptable.

Stand-Alone Seconds Investors
This investor specializes in HELOCS and stand-alone seconds, providing very competitive rates and quick turnaround times. Program highlights include:

• HELOCS and stand-alone seconds to 100

percent CLTV with 640 score

• No seasoning required on seconds and

HELOCS

• Stand-alone seconds with 575 score to

90-percent LTV

• HELOCS to 90 percent with 620 score

• Stated seconds and HELOCS also available.

Jumbo Investors
Our jumbo investor is truly niche, specializing in those hard-to-fund deals that other investors aren't willing to approve. This investor specializes in quick turnaround times so that you can provide your borrower excellent service. Program highlights include:

• No-ratio loans to $4 million

• Investment property to 95 percent

• No-doc programs to $2 million

• Loans to $2 million on owner-occupied

and second homes.

Warehouse Lines
Single Source has partnered with an outstanding secondary market consulting firm that provides clients with real-world experience. Our partner will assist in obtaining new warehouse lines, or improving utilization on current warehouse lines. A brief description of each scenario follows:
Existing
When a company's warehouse lines are maxed out, that company can't grow. This problem has one of two origins: either the company is experiencing poor warehouse utilization (that is, not turning the line a sufficient number of times in a month) or the company's leverage ratio has exceeded the credit provider's limits. Our solution is frequently called upon by mortgage lenders, to overcome the origins of inefficient warehouse utilization; and warehouse lenders, to assist their customers in improving loan sale processes in order to improve warehouse utilization.
Our partner first reviews internal issues that may be inhibiting increased funding capacity before pursuing additional warehouse lines. If it is determined that additional lines are necessary, our partner knows the major warehouse lenders and can help negotiate favorable terms - usually better than if the client were to do so directly.
New
The proposed HUD ruling will require mortgage brokers to fund loans on a warehouse line in order to earn yield-spread premiums. Our partner can assist qualified mortgage brokers in obtaining warehouse lines. They recognize that proper systems and procedures for timely sale of loans are necessary, and ensure efficient utilization of the line and maximum profit margins.

Secondary Consulting
Even the most well-run companies can be presented with serious investor-related issues. Investors have been known to renege or change the terms on forward commitments. Even the best mortgage companies have been known to make mistakes that can jeopardize their investor relationships. Our partner leverages 30 years of experience behalf of clients - there are few investors our partner doesn't know or hasn't interacted with extensively.
Beyond problem areas, this vendor specializes in the area of secondary marketing as it relates to trading whole loans or pools/bulks. This includes:

• All residential loan products

• "A" paper Agency

• "D" credit

• Sub-prime

• Scratch-and-dent

• Non-performing in the first, second,

and third lien positions.

Loan Servicing
Single Source Partners is pleased to provide our clients with an exemplary servicer who has been in business since 1969, and has been servicing loans for others since 1979. Our solution services all types of loan products including first mortgages, but specializes in nonconforming loans such as:

• Home equity

• Home improvement

• Mobile homes

• Unsecured loans

• Retail installment contracts

• Debt consolidations.
Their Investor Grade Servicing philosophy provides clients with unparalleled performance on their portfolios.

Multi-State Lending
This is an excellent solution for licensed mortgage brokers who are not interested in a net branch solution to increase their reach. A broker must have its own licensed mortgage company to affiliate with our bank and gain access to cross state loans. This bank is licensed in 38 states and projects to have licenses in all 50 states by spring of 2005.
This is not a net branch solution and the broker does not become an employee. Clients keep their current company structure, and the bank will not take part in any loans you originate under your company in the states you are licensed in.