Warehouse Loan System Overview

Transcription

1 Warehouse Loan System Overview Resiliency Drives Success: For more than 25 years, SRG has helped lenders thrive through the highly cyclical environment of the mortgage lending industry. Leading mortgage warehouse providers rely on SRG s software solutions to increase operational efficiency, improve compliance and implement best practices. Clients rely upon our consulting services to strengthen information and operations management. This caliber of specialized expertise makes SRG a highly sought-after resource for mortgage warehouse providers as well as notable trade publications and industry events. Whether you re a seasoned mortgage warehouse provider or just getting started, SRG can help your company capitalize on opportunities. Company History and Philosophy: Since 1986, Street Resource Group has been providing financial industry technology solutions, then in 1999, SRG made a strategic decision to focus solely on the warehouse lending industry. SRG has achieved the goal of becoming the premier software platform of choice and an integral industry utility. SRG has built a solid reputation for providing superior product and support standards; contributing its depth of expertise in both warehouse operations and information systems management; and supporting the dynamic needs for ever-increasing operational control and information access in this industry. Our clients benefit from SRG s collaborative approach to designing and delivering software and services to meet the future needs of warehouse lenders. Each new version on the SRG Warehouse Loan System includes the combined input from clients and leading industry technology partners. SRG took a leadership position in forming the Warehouse Information Network to address comprehensive risk management solutions, establish e-mortgage standards, and establish industry-wide best practices. In addition to our many testimonials and media mentions, SRG s achievements are recognized by notable organizations. In 2006, SRG was a finalist for the Mortgage Technology Magazine Steve Fraser award, and in both 2007 and 2008 was included in the Top 50 Best and Brightest Mortgage Technology Providers. From the industry s premier mortgage warehouse software to its expert consulting in business transformation and technology, SRG is committed to anticipating and exceeding the expectations of this rapidly changing marketplace. This commitment to excellence improves the overall efficiency, profitability and security for mortgage warehouse providers of all sizes, their borrowers and the industry as a whole Street Resource Group, Inc. All Rights Reserved Page 1 of 44

2 SRG Warehouse Loan System: In the entire mortgage industry, no automation solution delivers more value to mortgage warehouse providers as the SRG Warehouse Loan System (WLS). The SRG Warehouse Loan System provides a highly configurable software platform that automates the entire mortgage warehouse process from start to finish. Mortgage bankers and their warehouse finance partners can now operate at peak efficiency and achieve maximum profitability through reduced per transaction processing costs. Competitive advantage for warehouse lenders in pricing is gained through highly tailored system features. A variety of originator pricing and covenant compliance requirements is supported through the unique SRG Structured Rule Tier Methodology. Our rule-based architecture supplies highly configurable rate and fee pricing, covenant compliance and aging rate and fee penalties, production volume-based incentive credits, wet/dry limits, and data validation comparative values. These values can be set on a master warehouse level, company level, product level, or company/product combination level. The SRG Warehouse Loan System operates at the individual loan level. Using a work-flow design, the system streamlines funding request, underwriting, advance, payoff and originator settlement transactions. Detailed tracking of loan transmittal document receipt and shipping provides critical collateral control. The system incorporates a wide variety of risk management controls, including integrated fraud detection capabilities. Comprehensive accounting, operational, sales, management and client reports are produced in a variety of formats. Extensive data export capabilities for the warehouse and originators are also built into the system. WLS incorporates company-level management of originator, investor, closing agent, and upstream finance partner relationships. Participated funds can be associated with each loan and tracked to provide a net interest margin on a loan-by-loan basis. Fulfillment service and custodial collateral activities may also be tracked and managed. As the premier platform for the warehouse lending industry, Street Resource Group's Warehouse Loan System provides online, real-time connectivity between the mortgage warehouse and originators with complete loan-level accounting control, collateral tracking, risk management and reporting features. The SRG Warehouse Loan System provides the benefits of a rich and comprehensive feature set continuously designed and developed since SRG maintains a concrete reputation for design and delivery of new features as both individual client and industry needs arise. SRGDIRECTCONNECT: Using the innovative SRG DirectConnect and SRG Messenger online technologies, mortgage bankers can upload data from their loan origination system, and electronically submit loan funding requests, document images, and collateral shipping requests; retrieve operational reports; enter investor loan purchase advice detail, and communicate via instant messaging with their warehouse provider. Mortgage originators install this remote client version of the SRG Warehouse Loan System on their office workstations and are able to connect directly to their warehouse provider in a secure, real-time environment over the Internet. By being a full Microsoft Windows desktop application, users are not subject to the security flaws, software inferiority, or instability inherent in Internet browser-based applications Street Resource Group, Inc. All Rights Reserved Page 2 of 44

3 Loan data may be imported from their loan origination system. Funding requests are submitted electronically to the warehouse provider and loan transmittal document images are attached, rather than faxed. Funding requests are automatically verified, and missing information and validation failure notification is communicated immediately. Originators obtain real-time information on demand, and have more control over their warehouse lines than ever before. Everyone gains increased efficiency, improved communication, security, and more data integrity in the funding process plus immediate monitoring of the loan s status throughout the entire warehouse loan lifecycle. KEY BENEFITS: Maximum Operational Efficiency Customers Upload LOS Data Integrated Document Imaging Automated Paperless Workflow Superior Customer Service to Mortgage Bankers 24/7 Real-Time, Immediate Information Access Pipeline Management and Individual Loan Status Extensive Operational and Management Reporting Optional Secure Online Messaging Improve Underwriting and Risk Management Automated Data Validation Workflow Control and Decision Logic Fraud Detection Integrated and Interfaced Increase Profitability Lower Cost Per Transaction Improve Efficiency Ratios Maximize Interest Yields Provide Risk-Adjusted Rates and Fees Engineer Business Processes Increase Efficiency and Productivity Eliminate Manual Processes Replace Data Duplication on Core Banking Systems Interface DDA and Treasury Systems Improve Competitive Position Add Customer Value and Loyalty to Warehouse 2013 Street Resource Group, Inc. All Rights Reserved Page 3 of 44

4 System Concepts: Companies and Relationships: The parties to the warehouse transaction are managed and controlled through a variety of system functions. The relationships themselves are established and approved or unapproved as necessary. The benchmark data (e.g., exposure and credit limits, insurance coverage, state licensing, etc.), document control (e.g., financials, agreements, expirations, etc.), and guidelines for management of these relationships are contained within the database. The movement of collateral and funds between the parties is tracked and controlled. Warehouse Product Codes (sub-limits) are defined by the warehouse and are broad categories for grouping loans with similar underlying risk characteristics (.e.g., Conforming, Nonconforming, Subprime, HELOCs, etc.). The foundation of the flexibility and broad depth of features is the SRG Structured Rule Tier Methodology. The rule sets themselves are established as part of the programming of the system. As our user base contributes ideas for new features, new rules are created. They fall into six basic categories: 1) loan pricing, 2) loan setup values, 3) aging fee and rate penalties, 4) production incentives, 5) validation values, and 6) miscellaneous operating rules. Rule values may be set at the global level (i.e., same master rule value for all companies and products), product code level (i.e., same value for all of a certain product regardless of company), company level (i.e., same value for all products within a company), or at the combined company/product code level. This structure facilitates system processing efficiency, organizational enforcement consistency, and simplicity and ease of parameter management Street Resource Group, Inc. All Rights Reserved Page 4 of 44

5 The application is designed with a workflow approach in order to streamline warehouse operations and provide a maximum of internal control. Each component has the ability to be implemented independently, but they all work together to create a comprehensive warehouse management system. Extensive system user and database data security features complement the control process. Comprehensive System Components Efficient Relationships of all Companies, Product Codes, Rules, and Documents 2013 Street Resource Group, Inc. All Rights Reserved Page 5 of 44

6 Loan Workflow Status Codes, Collateral Location and Data Elements The detailed loan record is organized to provide the comprehensive set of information which is required in every step of the warehouse lending process. The accessibility of this data is controlled functionally (i.e., loan setup, underwriting, funding, shipping, payoff tasks, or management level). In addition to facilitating operational workflows, the extensive information provides the foundation for asset/liability management, collateral valuation, portfolio statistical analysis, and process review Street Resource Group, Inc. All Rights Reserved Page 6 of 44

7 Business Rules: Loan Pricing Delinquency Dry Date Rate Reduction Delinquent Rate Retroactive to Funding Date Airbill Shipping Fee Delinquent Revolve Fee Copy Fee Delinquent Revolve Days Fee Custodial Processing Fee Delinquent Fee Amount Processing Fee Delinquent Fee Days Wire Fee Delinquent Principal Request Reduction Percentage Loan Size Dollar Increase to Base Processing Fee Delinquent Principal Days Loan Size Percent Fee (e.g.,.125) Delinquent Rate Increase Increment Loan Size Rate Margin Added to Base Rate Margin Delinquent Rate Absolute Value or Incremental Increase Loan Size Level (e.g., 250,000) Delinquent Rate Days Loan Size Fees Based on Warehouse Principal or Note Invoice Delinquent Principal Interest and Fees at Month End Minimum Days Interest Charge from Disbursement Invoice Delinquent Fees at Month End Exclude From Due Minimum Days Interest Charge from Note Sent Date Invoice Delinquent Lump Sum Remaining at MaxDaysAllowed Loan Minimum Income Shipping Penalty Charge After X Days Originator Line Non Use Percent Shipping Penalty Charged if Not Paid Originator Line Non Use Threshold Shipping Penalty Rate Increase Note Shipped before Disbursement Penalty Trust Release Maximum Days Out Note Shipped before Disbursement Per Diem Fee Trust Release Return Fee Request/Funding Same Day Fee Trust Release Penalty After x Days Wet Fee Charged at Disbursement Trust Release Rate Increase Wet Funding Days Exceeded Fee Wet Funding Days Exceeded Fee Charge Daily Wet Funding Days Allowed Wet Funding Days Exceeded Rate Increase Incentives Wet Penalty Type (Revert Dry, Till Payoff) Incentive Fee or Rate Loan Setup Values Administrator ID Incentive Trigger Production Count or Volume Builder ID Validation Values Custodian ID Maximum Days Allowed In Line - Demand Letter Trigger Disbursement Via Wire, Check, DDA Maximum Individual Loan or Note Amount Disbursement Originator Participation Maximum LTV or CLTV Note Funding Percent Minimum FICO Score Required Disburse to (1) Closing Agent, (2) Originator Max Days Between Note Date and Warehouse Date Delinquent Warning at Set Up Funding Source Funding Source Product Code Fraud Check Funding Source Secondary Fraud Check Minimum Score Officer Fraud Check Minimum Property Value Participant ID Fraud Check Triggered on Frequency or Loan Size Rate Basis Generic or Integrated DISSCO Minimum Rate Floor Minimum Rate Floor on Index Other Rules Minimum Rate Floor on Loan Set to Note Rate Invoice Interest at Month End Rate Index ID Maximum Sub Limit for Product Code Rate Margin Non Usage Fee Seller ID Settlement Via Wire, Check, DDA 2013 Street Resource Group, Inc. All Rights Reserved Page 7 of 44

8 Data Validation Alerts: Borrower - Duplicate Property Address Loan - Note Amount Exceeds Maximum Allowed Borrower - Name Possible Duplicate Loan - Note Date Exceeds Tolerance Borrower - No Social Security Number Loan - Note Rate Exceeds Tolerance Borrower - Below MIN FICO Score Loan - Note Term Exceeds Maximum Allowed Borrower 1 - Duplicate Social Security Number Loan - Exceeds Contract Funding Percent Borrower 1 - Name Possible Duplicate Loan - Warehouse Amount Exceeds Note Amount Borrower 1 - Social Security Number Not Valid Loan - Exceeds Limit LTV Borrower 2 - Duplicate Social Security Number Loan - Exceeds Limit CLTV Borrower 2 - Name Possible Duplicate Loan - Warehouse Amount Exceeds Maximum Borrower 2 - Social Security Number Not Valid Loan Pre-closing Documents Missing Closing Agent - Exceeds Insurance Limit Loan Document Processing Exceptions Closing Agent - Expired Insurance Loan Quality Control Checklist Items Outstanding Closing Agent - Missing Insurance Originator - Exceeds EO Insurance Limit Closing Agent - No Insured Closing Protection Letter Originator - Exceeds Investor Limit Closing Agent - No Master Bailment Agreement Originator - Exceeds Product Code Limit Closing Agent - Not Approved for Originator Originator - Exceeds Total Limit Disbursement Limit - Exceeds Global Originator - Exceeds Wet Limit Disbursement Limit - Exceeds Max Originator - Expired EO Insurance Disbursement Limit - Exceeds Officer Originator - Expired Investor Agreement Fraud Check Executed Originator or Warehouse Originator - Expired State License Fraud Check Minimum Score Originator - Investor Not Approved Fraud Check OFAC Match Found Originator - Missing EO Insurance Fraud Check VALVERIFY Minimum Score Originator - Missing State License Investor - Exceeds Global Exposure Limit Originator - Non Accrual Status Investor - No Lock Originator - Not Approved Investor - Expiring Lock Originator - Pending Loans Exceed Limit Investor - Not Approved Watch List - Loan Address Underwriting Approval Required Watch List - Loan Name Loan Registry Alert (WIN) Watch List - Loan Social Security Number Each validation can be set to trigger at any or all of the following events: Originator Submission Individual Data Field Exit Setup Review / Approval Funds Disbursement 2013 Street Resource Group, Inc. All Rights Reserved Page 8 of 44

9 Main Menu Your logo creates brand reinforcement on the Originator s desktop The following pages highlight some of the WLS screens. Originator Closing Agents Investors Loan Level Data Disbursements Payoffs and Settlements Collateral Tracking Reports 2013 Street Resource Group, Inc. All Rights Reserved Page 9 of 44

10 Originators Global and sub-line credit line limits Default disbursement to Closing Agents or the Originator by Check, Wire, or DDA Assignment of separate funding and operating dda account numbers Tracking of receipt and/or expirations of insurance, financial statements and licenses User-defined rules for pricing and transmittal document management Inquiry and printable profile of month-to-date, year-to-date, life-to-date, and current production dollar volume, interest and fees, and volume counts (number of loans), average days outstanding, aging analysis, and a 36 month production history Ability to print/view individual trial balances as of any effective date Ability to export loan data to ASCII files for the originators use Assignment of verbal authorization codes for security purposes Ability to unapprove (suspend line) and/or place originator on non-accrual status Ability to require or waive underwriting requirements Ability to auto loan number using a unique numbering sequence Assignment of target volume incentives with fee or rate reductions 2013 Street Resource Group, Inc. All Rights Reserved Page 10 of 44

11 Originators State License Tracking Compares individual loan property address for proper state licensing Create reports on originators with expiring state licenses Originators - Internal Document Tracking Manage documents required at the Originator level (e.g., Financial Statements, etc.) 2013 Street Resource Group, Inc. All Rights Reserved Page 11 of 44

12 Originators Closing Agent and Investor Relationship Assignment Create relationships between Originators and their Investors and Closing Agents Approve and unapprove relationships Set exposure limits on investors 2013 Street Resource Group, Inc. All Rights Reserved Page 12 of 44

13 Originators Statistical Analysis Displays quick view of month to date and year to date production and aging 2013 Street Resource Group, Inc. All Rights Reserved Page 13 of 44

14 Closing Agents Assignment of default master wiring instructions Tracking of receipt and/or expirations of e&o and liability insurance, lender closing letter, company closing letter, and other internal documents Ability to approve or unapprove Ability to set e&o limits and monitor individual disbursements Ability to automatically unapprove upon expiration of e&o insurance Ability to automatically archive and remove based on last activity date Loan activity disbursement history 2013 Street Resource Group, Inc. All Rights Reserved Page 14 of 44

15 Closing Agents Internal Document Management Tracking of receipt and expirations of required documents Use imaging feature to reduce paperwork and process more efficiently Closing Agents Originator Relationship Management Assignment of Originator relationships Manage originator relationships Quick view of assignment history and audit trail 2013 Street Resource Group, Inc. All Rights Reserved Page 15 of 44

16 Investors Assignment and tracking of exposure limits (regardless of originator) Tracking of receipt and expirations of required documents Assignment of Originator relationships and exposure limits 2013 Street Resource Group, Inc. All Rights Reserved Page 16 of 44

17 Investors Multiple Shipping Address Management Multiple address and contact records for document shipping Investors Originator Relationship Management Create relationships between Investors and Originators and set exposure limits 2013 Street Resource Group, Inc. All Rights Reserved Page 17 of 44

18 Funding Sources Ability to approve or unapprove Contact name, address, and account number instructions and print/no print choices for bailee letters, shipping requests, and purchase requests Assignment as an Administrative Agent Quick management of Profiles Fees and interest payable tracking on a loan by loan level Reports organized specifically by funding sources 2013 Street Resource Group, Inc. All Rights Reserved Page 18 of 44

19 Loan Level Data Funding Request/Loan Setup Remote connectivity module for direct data entry or file data import Workflow design with each tab progressing to the next step Automatic attachment of document sets based on product codes Originator default pricing rules by product type for fast data entry Integrated Closing Agent and Wire Instruction setup Auto loan numbering set for individual originators Edit checking for validation conditions Document processing exceptions assignment and reporting Automatic calculation of loan-to-value and debt qualifying ratios Underwriting requirement set by individual originator Secured segregated underwriting authority to approve for disbursement File folder labels can be automatically printed individually or as a batch Full wire instruction detailing for cash management interfaces Title Company order code for transmittal information Color coded fields for required vs. system calculations Street Resource Group, Inc. All Rights Reserved Page 19 of 44

20 Loan Level Data Underwriting (page 1) Tracking of loan, transaction, property, documentation, and rate types. Automated Underwriting Scores Automated Valuation Data Appraisal and Sales Transaction Data Borrower qualifying data Loan credit grading Base data for statistical analysis of production and portfolio mix Authorized underwriter approval tracking 2013 Street Resource Group, Inc. All Rights Reserved Page 20 of 44

21 Loan Level Data Underwriting (page 2) Adjustable rate loan data APR validation data Refinance data Borrower qualifying data Other data for statistical analysis of production and portfolio mix Data for integration to third party credit verification services 2013 Street Resource Group, Inc. All Rights Reserved Page 21 of 44

22 Loan Level Data Document Tracking and Embedded Imaging Assignment of documents sets by Originator and Product Tracking of missing documents as well as exception conditions Non-receipt tickler days and actions along with requirements or comments Direct linking to document image Import, link, and view document images directly into the database Street Resource Group, Inc. All Rights Reserved Page 22 of 44

23 Loan Level Data Loan Processing Exceptions Exception conditions may be captured and tracked for curing Interface and/or remote access by custodians 2013 Street Resource Group, Inc. All Rights Reserved Page 23 of 44

24 Loan Level Data Data Validations Data validations occur during setup and at the time of disbursement Validations can be set to prevent submission from Originator Required supervisory override at disbursement 2013 Street Resource Group, Inc. All Rights Reserved Page 24 of 44

25 Loan Level Data Integrated Fraud Checking Automated checking based on loan amount, frequency, or on-demand Automatic hyperlink to full DISCCO results web site, without logging in twice Predictive Analysis Score OFAC Check Verification of Value Variance Action Recommendations Discounted Fee ($10.95 vs. $14.95) passed on to Warehouse and Originators Can be used as validation criteria preventing Originator Submission 2013 Street Resource Group, Inc. All Rights Reserved Page 25 of 44

26 Loan Level Data Quality Control Task List Tier level task list assignment Categories of tasks Tracking by individual loan or as a group Failure to complete tasks creates validation condition Loan Level Data Activity Transactions Complete loan level activity transaction codes and audit trail sequencing numbers Improve user maintenance 2013 Street Resource Group, Inc. All Rights Reserved Page 26 of 44

27 Loan Level Data Interest Calculations All interest accrual and payment detail is available for review Index and rate tables contain the applied daily values Both aging penalties and production incentive rules are additionally detailed 2013 Street Resource Group, Inc. All Rights Reserved Page 27 of 44

28 Loan Processing Workflow Each process in the workflow of the lifecycle of the warehouse loan is performed with logical and intuitive data entry and transaction forms. User security is enforced on all tabs on all forms and provides the structure to implement audit check points and separation of duties Street Resource Group, Inc. All Rights Reserved Page 28 of 44

29 Disbursements Show Check, Wire or DDA disbursements to closing agents or originators Final destination account numbers locked and protected Multiple loans disbursed in a single batch Automatic assignment of audit transaction sequence numbers Batch printing of funding requests, trust receipts, and transmittal worksheets Batch review of all financial transactions prior to posting 2013 Street Resource Group, Inc. All Rights Reserved Page 29 of 44

30 Disbursements Transactions All dollar fields associated with an Activity Transaction Code Batch transaction review prior to posting Reverse fee transactions prior to posting 2013 Street Resource Group, Inc. All Rights Reserved Page 30 of 44

31 Disbursements Validations Batch validation for exception conditions You can not post a batch or disburse a loan with exceptions without a supervisory override! 2013 Street Resource Group, Inc. All Rights Reserved Page 31 of 44

32 Payoffs and Settlements Wire Queue (Inbound Receipts) Tracking of unapplied balances Ability to inquire a receipt to see the individual loans to which it was applied Tracking and reporting by posting and effective dates Detail worksheets by amount order, sequence order, loan number order Separate reports for funds received, funds applied, funds unapplied, and matching Payoff function separate from funds receipt function Payoffs require and tied to a specific funds receipt. Automatic assignment of audit transaction sequence numbers Running batch totals by individual wire processed Constant presentation of unprocessed inbound funds queue Additional Advances / Miscellaneous Fee Charges Additional Originator and/or Upstream Funding Source principal advances may be made Miscellaneous fees may also be charged on a loan by loan basis 2013 Street Resource Group, Inc. All Rights Reserved Page 32 of 44

33 Payoffs and Settlements Loan Purchase Advice Customers can enter their own purchase advices rather than or fax Tracking of purchase advices Ability to spread individual loan funds to be applied Ability to attach images of advice Build entire payoff batch with a single button 2013 Street Resource Group, Inc. All Rights Reserved Page 33 of 44

34 Payoffs and Settlements Loan Queue (Loan Detail) Interest, fee and settlement residual recap is presented Payoffs and Settlements Warnings! Warning if the Investor sending the funds is different from the Original Takeout Investor Warning if the Investor sending the funds is different from the Ship To Investor 2013 Street Resource Group, Inc. All Rights Reserved Page 34 of 44

35 Payoffs and Settlements Loans Calculation Detail Review The detail activity transactions Interest and fee calculations may be viewed Adjust fees prior to posting 2013 Street Resource Group, Inc. All Rights Reserved Page 35 of 44

36 Collateral Tracking Master Information Management Batch entry of courier and tracking numbers by investor/loan groups Ability to track multiple investor addresses or contacts for individual note shipments Batch printing of shipping requests, bailee letters, and reverse bailee letters Comprehensive daily shipping and outstanding note reports by investor and originator Reporting for collateral not shipped, collateral received, collateral shipped, shipped but no payoff received, and disbursed with no collateral for individual or ranges of dates Complete document tracking by individual pre and post funding documents Automated follow-up tickler letters and reports for originators and closing agents Demand bailee letters for delinquent receipts Reports for discrepancies in shipped to and paid off by investors (i.e., not matched) Note shipment and receipt tracking Easy data entry of courier and tracking numbers Integrated web tracking research interface Batch or individual printing of bailee letters, reverse bailee letters, shipping requests, and purchase requests Inquiry and reporting by shipping status (not shipped, shipped, shipped and no payoff, received) by originator, closing agent, or investor 2013 Street Resource Group, Inc. All Rights Reserved Page 36 of 44

37 Collateral Tracking Shipping Requests Each movement event is tracked and logged Originators can enter electronic shipping requests Requests are queued Notes can be marked as pulled from vault Collateral Tracking History Complete collateral receipt and shipping transaction history Automatic hyperlink jumping to courier tracking websites 2013 Street Resource Group, Inc. All Rights Reserved Page 37 of 44

38 Indexes and Rates Unlimited Base Rate Index IDs User maintained rate history Ability to floor rates Completely Secure, Integrated, Archive and Searchable Instant Messaging 2013 Street Resource Group, Inc. All Rights Reserved Page 38 of 44

39 Related Lists: Master codes utilized by the warehouse are easily maintained in table lists. The data contained in these lists are one of four categories: Loan Record Individual Field Values: Loan Types Rate Types Property Types Appraisal Types Valuation Types Transaction Types Amortization Types Documentation Types Underwriting Systems Loan Record Multiple Related Record Values: Validation Codes Quality Control Tasks Collateral Exception Codes Loan Applicable Rules and Documents: Warehouse Product Code Master Rules Master Loan Documents Product Code Rule Relationships Product Code Document Relationships Miscellaneous Lists: Couriers Holidays Score Ranges Aging Ranges Internal Documents Security Permissions Report Groups Including translation tables used by import and export templates used to transfer or export data from or to external processing systems. These translations may be set globally or by company Street Resource Group, Inc. All Rights Reserved Page 39 of 44

40 General Ledger Creation of General Ledger reports at detailed loan level or summary journal entry Every loan activity transaction code can spawn a general ledger entry General Journal Transaction reports include loan level detail Template driven exports for transaction code detail to use in external GL systems Street Resource Group, Inc. All Rights Reserved Page 40 of 44

41 Custom Data Export Custom Loan Data Export Custom Activity Transaction Export Custom Company Data Export User defined templates (column definition) Export to Excel, XML, or text files Wide variety of export criteria Run by user on request or can be automated via Web Services User Defined Field Level Templates Loan Selection Criteria: Portfolio Disbursements Settlements Transfers Loan Status Posted Effective Settled On Company Selection Criteria: Originator Investor Closing Agent Funding Source Output Formats: Excel XML Plain Text Transaction Selection Criteria: Date Range Company Loan 2013 Street Resource Group, Inc. All Rights Reserved Page 41 of 44

42 Customized Template or Standardized FNMA 3.2 Data Import Custom Loan Data Import Templates Reads Loan Origination System Export Files FNMA 3.2 Format or Customized Templates Eliminates duplicate data entry Loan Origination System Export File Custom Template or FNMA 3.2 Loan Data File SRG Add/Edit New Loan Setup Form Imaging Import Loan Transmittal Documents Company Documents (Agreements, Financial Statements, etc.) Scanned or Faxed Documents Image Data File Loan Record Originator Investor Closing Agent Funding Source 2013 Street Resource Group, Inc. All Rights Reserved Page 42 of 44

43 Reports More than 200 reports Filtering by entity or date range may be performed on certain reports Save reports to PDF, Word, Text, or Excel. Reports specific with a particular function can appear both on the master reports list and/or on the reports tab on the forms to which they apply Management Daily Operations and Accounting Executive Summaries Batch Transactions Aging Analysis File Maintenance Audit Production Activity and Usage Analysis Validations Interest and Fee Income and Expense Transmittals Trial Balances General Ledger Transaction Detail and Summary Production and Portfolio Statistics Funds Transfer Activity and Reconcilement Variances Delinquency Billing and Monthly Invoicing Customer Loan Document and Collateral Management Disbursement and Settlement Activity Shipping Transmittals and Collateral Status Reports Aging Analysis Bailee Letters and Shipping Schedules Pipeline Missing Document Follow-up Trial Balances Demand Bailee Generation and Tracking Collateral Activity 2013 Street Resource Group, Inc. All Rights Reserved Page 43 of 44

44 To arrange a demonstration of the WLS application, please contact: Stanley M. Street President Street Resource Group, Inc Abernathy Road Suite 1700 Atlanta, GA x cell sstreet@streetresource.com 2013 Street Resource Group, Inc. All Rights Reserved Page 44 of 44