Sterling Eagle

Wednesday, March 10, 2010

Addition to Loan Products

[OCTOBER 30,2004] West Trenton, NJ - Sterling Eagle Mortgage Investment Company, LLC ("SELLC") announced the addition of a number of super jumbo, alt-A, first lien home equity and stand-alone second lien mortgage loans to its correspondent purchase program. These products include super jumbo option-ARM, stated income and asset and lower FICO-higher LTV score driven alt-A and subprime loan products. SELLC purchases a broad spectrum of loan products including conforming, jumbo, alt-A, subprime and first and second lien home-equity loans that have been manufactured through its SureStep™ fulfillment centers.

SELLC provides small to mid-sized mortgage bankers and brokers transitioning to bankers with access to mortgage product and pricing typically reserved for much larger institutions. SELLC negotiates for loan programs and pricing based upon the volume of loans coming through its various programs. SELLC typically achieves delegated underwriting status with its investors increasing client service by reducing turn time on loans from application or underwriting to closing. Loan product is made available through its SureStep™ program which combines back-office fulfillment services with warehouse lines and a correspondent purchase conduit where all loan status information is available on a web-based platform.

SELLC's subsidiaries and affiliates provide warehouse lines through WarehouseOne ("WHO"), fulfillment services through SureStep Fulfillment Services, LLC and a correspondent mortgage purchase conduit through SEMortgage, LLC. For more information regarding SELLC's correspondent and SureStep™ programs call us at (609) 671-0500. You may also visit www.surestepbanker.com.

Sterling Eagle Improves Cash Flow for Correspondents with SwiftPurchase

[SEPTEMBER 30,2004] West Trenton, NJ -Sterling Eagle Mortgage Investment Company, LLC ("SELLC") announced its SwiftPurchase program for loans being sold by SureStep™ correspondents. SELLC's SwiftPurchase program includes a 100% advance of the loan amount through its warehouse lending subsidiary, WarehouseOne. The SwiftPurchase program also credits correspondents with purchase proceeds on loans submitted for purchase within four days from the receipt of executed loan documents from the settlement agent.

The combination of no haircut and the receipt of purchase proceeds within four days significantly improves correspondent cash flow. Correspondents selling loans to SELLC throughout the month can now turn their warehouse line 4 or 5 times or more during a month. The SwiftPurchase program permits a significant increase in the amount of loans that can be originated by lower net worth bankers or bankers with limited warehouse capacity. Turning a warehouse line 4 or 5 times during a month means that a $2 million line can support $8-$10 million or more of loan production each month. SELLC purchases a broad spectrum of loan products including conforming, jumbo, alt-A, subprime and first and second lien home-equity loans that have been manufactured through its SureStep™fulfillment centers.

SELLC provides small to mid-sized mortgage bankers and brokers transitioning to bankers with access to mortgage product and pricing typically reserved for much larger institutions. SELLC negotiates for loan programs and pricing based upon the volume of loans coming through its various programs. Loan product is made available through SELLC's SureStep™ program which combines back-office fulfillment services with warehouse lines and a correspondent purchase conduit where all loan status information is available on a web-based platform.

SELLC's subsidiaries and affiliates provide warehouse lines through WarehouseOne ("WHO"), fulfillment services through SureStep Fulfillment Services, LLC and a correspondent mortgage purchase conduit through SEMortgage, LLC. For more information regarding SELLC's SwiftPurchase and SureStep™ programs visit www.surestepbanker.com or call us at (609) 671-0500.

Sterling Eagle's SureStep™ Program Takes Flight

[JULY 30,2004] Sterling Eagle Mortgage Investment Company, LLC ("SELLC") announced the purchase and sale of the first loan though its SureStep™ program. SELLC purchases a broad spectrum of loan products including conforming, jumbo, alt-A, subprime and first and second lien home-equity loans that have been manufactured through its fulfillment centers. SELLC's subsidiaries and affiliates provide warehouse lines through WarehouseOne ("WHO"), fulfillment services through SureStep Fulfillment Services, LLC and a correspondent mortgage purchase conduit through SEMortgage, LLC.

SureStep™ was designed to assist mortgage brokers transitioning to mortgage lenders/bankers. Many brokers do not have the experienced back office staff needed to final-process, underwrite, document, settle, close and post-close loans, including the transfer of servicing, trailing documents, HMDA reporting and trust accounting. Now, with assistance from SureStep™ they can do it all.

SureStep™ combines WarehouseOne's ("WHO's") traditional warehouse line with processing, underwriting and closing services provided through its SureStep™ fulfillment centers located in Horsham, PA and Glendale, CO. SureStep™ also provides access to web-based vendor services that are integrated with its processing software and SELLC's mortgage purchase conduit. SureStep™ offers a full suite of services including flood, title, documents, AVMs, BPOs, appraisals, settlement services and more. All services are available via the web. More importantly, the bundled package of services that SureStep? offers can save mortgage bankers or their customers several hundred dollars per loan in service costs.

The SureStep™ program adds several new and exciting features to SELLC's list of programs. For more information regarding the SureStep™ program and how it can help you visit www.surestepbanker.com or call (609) 671-0600.