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ARC Systems 2600 Via Fortuna #500 Austin, Texas 78746 (512) 892-5550 fax (512) 892-5552

ARC Systems 2600 Via Fortuna #500 Austin, Texas 78746 (512) 892-5550 fax (512) 892-5552 www.arcsystems.com. ARC Systems Loan Finder Express™ June 6, 2004. Phase 1. Warehouse Line Approved Lenders. External Services Credit Bureau. Smart Phone Field operations.

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ARC Systems 2600 Via Fortuna #500 Austin, Texas 78746 (512) 892-5550 fax (512) 892-5552

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  1. ARC Systems 2600 Via Fortuna #500 Austin, Texas 78746 (512) 892-5550 fax (512) 892-5552 www.arcsystems.com ARC SystemsLoanFinder Express™ June 6, 2004

  2. Phase 1 • Warehouse Line • Approved Lenders • External Services • Credit Bureau • Smart Phone • Field operations • Lender-Controlled Investor Guidelines • Multiple • With Adjustments email Lock Request to Investor • Mid-Tier Lenders • Product Definition • Control Adjustments • YSP • & More • Lender Guidelines • Multiple • With Adjustments • Mortgage Brokers • Field or Office Nonprime Lenders

  3. Phase 2 – Investor Connections (Direct) • Warehouse Line • Approved Lenders • Investors • Pricing / Product Direct Feed • Lender-Controlled Investor Guidelines • Multiple • With Adjustments • Mid-Tier Lenders • Product Definition • Control Adjustments • YSP • & More • Lender Guidelines • Multiple • With Adjustments • Mortgage Brokers • Field or Office Nonprime Lenders & GSE / Fannie & Freddie

  4. Phase 3 – Ancillary Services • Warehouse Line • Approved Lenders Compliance Checking • Investors • Pricing / Product Direct Feed Direct Tie to Investor Systems for Locking • Lender Controlled Investor Guidelines • Multiple • With Adjustments • Mid Tier Lenders • Product Definition • Control Adjustments • YSP • & More • Lender Guidelines • Multiple • With Adjustments • Mortgage Brokers • Field or Office Nonprime Lenders & GSE / Fannie & Freddie

  5. Phase 1 – LFE Offering • Built on ARC Systems’ award-winning / best-of-breed automated underwriting engine • Including conventional, nonprime, warehouse offerings • An affordable product for mid-tier lenders / large brokers who require but cannot afford an enterprise-level underwriting engine • LFE users will be allowed to pick from a basic set of credit attributes • Analytical depth unmatched in the industry today, based on years of experience in production

  6. Phase 1 – LFE Offering cont’d • Customized web portal interface…choose from 10 styles • Entry page provides advertising “real estate” available for purchase • Investors determine pricing controls/points/incentives to each mid-tier lender • Mid-tier lenders determine pricing controls/points/incentives to each mortgage broker / seller, including YSP

  7. Phase 1 – LFE Offering cont’d • Supports product pricing and program guidelines from companies you sell to every day • Mid-tier lenders can build their own product and pricing guidelines • Mid-tier lenders can control pricing adjustment to individuals who are given access to their portal • Mid-tier lenders control userid’s and password security access • Product and pricing guidelines are updated via web-enabled interface

  8. Phase 1 – LFE Offering cont’d • Built on ARC Systems’ popular “Quick Price” Engine capability that currently receives over 150,000 hits per month • DU / MISMO compliant upload / download to / from LOS systems • Flexible system design allows users to start by pulling credit OR searching for product/price • User will be able to download loan information for a limited time. In Phase 2, information will be retained for a period of time specified by the lender, at an additional charge. • Loan applications provide best fit from selected Lenders

  9. Phase 1 – LFE Offering cont’d • Users can select from a list of supported Credit Bureaus by submitting their authorization code • Credit is maintained on-line and available for submission to appropriate systems • Offering Warehouse-line qualification/purchasing directly from the LoanFinder Express system • Mid-Tier Lenders and Larger Brokers control underwriting guidelines • Loan Locking via e-mail • Reporting • Pipeline, Summary, Application

  10. Phase 1 – LFE Offering cont’d • Third party Services: • Phase 1 • Credit bureaus • Phases 2 & 3 • Fannie Services • Freddie Service • AVM’s • Risk • Document providers • Mortgage Insurance • Compliance checking

  11. Phase 1 – Custom Web Sites

  12. Phase 1 – Custom Web Sites

  13. Phase 1 – Custom Web Sites

  14. User Assistance • Phase 1 • User Manual • Online help at critical points • Data field validation • Phases 2 & 3 • User-defined Workflow control…

  15. Phase 2-LFE Offering • Direct approvals from both Fannie Mae and Freddie Mac • Interfaces to lenders’ underwriting engines • Locking tied to lenders’ underwriting engines • Investor control over products purchased by geographical regions MSA/ZIP/State • Pool building capabilities • Automatic submission of pools to Wall Street purchasers • Extended e-mail capabilities • Faxing capabilities • ASP-Based LOS

  16. Phase 3-LFE Offering • Two-way tie to ACT – loan officer lead generation system • Tie to county recorder office via defined interfaces • Make XML standards for counties clerks • Travis County/Texas MBA first… • Tie to Closing agent offices

  17. ARC Systems’ Mission Statement To provide value for our partners through world class technology, service and industry expertise.

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