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1 Please stand by. The presentation will begin at the top of the hour. Your phones have been muted. If you re using the speakers on your PC you don t need to call in. While you are waiting, you may download the presentation outline at: QuestSoft.com/FHA-Webinar

2 Please stand by. The presentation will begin at the top of the hour. Your phones have been muted. If you re using the speakers on your PC you don t need to call in. = While you are waiting, you may download the presentation outline at: QuestSoft.com/FHA-Webinar like us on YOU MAY ALSO or follow us on facebook.com/questsoft twitter.com/questsoft TO DOWNLOAD THE PRESENTATION

3 FHA TOTAL Scorecard Solutions Thank you for attending. The webinar has started.

4 Housekeeping Asking Questions Downloading Materials Technical Difficulties Go To Meeting Support Disclaimer facebook.com/questsoft twitter.com/questsoft

5 Today s Speakers Steve Butler Senior Vice President, Business Development QuestSoft Corporation Theresa Whaley National Sales LoanScoreCard Moderator: Scott Mortenson Marketing Director QuestSoft Corporation

6 FHA TOTAL Scorecard Solution Now, LoanScoreCard FHA AUS is available within the industry s most comprehensive compliance review system: QuestSoft s Compliance EAGLE Platform LoanScoreCard FHA AUS: A cost-effective approach for lenders to render FHA decisions. The FHA Findings Report is designed to maximize readability while aiding underwriters with their loan analysis. Each area is clearly defined, providing line-by-line detail and special features to help quickly identify warning areas.

7 FHA TOTAL Scorecard Background The FHA TOTAL Scorecard was developed by HUD to evaluate the credit risk of FHA loans that are submitted through an automated underwriting system. LoanScoreCard was the first commercially available AUS vendor to integrate with FHA TOTAL Scorecard LoanScoreCard FHA AUS is an approved HUD Vendor

8 LoanScoreCard FHA AUS How does LoanScoreCard FHA AUS work within the Compliance EAGLE Platform? One-Click ordering process. This service evaluates the borrowers' mortgage credit risk profile, makes a recommendation of "Accept" or "Refer," and provides the recommendation back to Compliance EAGLE where it is readily available for the lenders review. The Report provided includes feedback messages (conditions) from the FHA 4155 Guidelines

9 LoanScoreCard FHA AUS Summary

10 LoanScoreCard By now you ve probably heard the recently announced good news on FHA: FHA is reducing annual FHA mortgage insurance premiums by 0.5 percentage point -- from 1.35 percent to 0.85 percent, an average savings of $900 annually for new borrowers. Lowered premiums will help more than 800,000 homeowners save on their monthly mortgage costs and enable up to 250,000 new homebuyers to purchase a home.

11 LoanScoreCard FHA AUS Summary LoanScoreCard FHA AUS Findings Report offers unique features like: Complete loan summary Messaging from mortgagee letters Manual downgrade considerations FHA Refer reasons Underwriting warnings Significant Price Savings

12 LoanScoreCard Customer Stories Proven and In Active Use by Major FHA Lenders First Mortgage, a long-standing FHA LoanScoreCard user, is currently saving about $90,000 a year. LoanDepot, referenced as the 3 rd largest FHA lender went live last year. Plaza Home Mortgage been using us the longest -- since Endeavor America, who has rapidly grown to become the 2 nd largest wholesale FHA lender just recently started using FHA LoanScoreCard. Some Companies were paying as high as $35.00 per report before switching.

13 Questions? For your Customized Presentation and Complimentary Savings Review, please contact: Steve Butler

14 Steve Butler Senior Vice President, Business Development QuestSoft Corporation South Pointe Drive, Suite 270 Laguna Hills, CA phone: x 220 cell: steve.butler@questsoft.com

15 FHA TOTAL Scorecard Solutions QUESTIONS & ANSWERS If you have a question, please submit it using the questions tab on the GoToWebinar tool bar.

16 FHA TOTAL Scorecard Solutions QuestSoft will be reviewing the questions received during this webinar and working with our presenters to create a Q&A document for all attendees. We expect to be able to deliver that to you within the next 10 business days. This concludes the webinar presentation. Thank you for attending! You may download the presentation outline at: QuestSoft.com/FHA-Webinar