EAST BAY EDITION

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Delivers the ((Future· of Lending" to Your Mortgage Broker

l magine your mortgage broker having the ability to instantly access thousands of interest rate options

and cross-check your home buyers against tens of thousands of underwriting elements. Imagine taking this one step further and having compar­isons between fixed and adjustable loans using actual perfor­mance histories or property apprecia­tion speculations, all available for review instantly in person or with your broker during a virtual meeting on the Internet. Sound too good to be true? Imagine further:

to give mortgage brokers, borrowers and real estate agents the information needed to make an informed choice and control over the process. By combining mortgage banking and technology, we have revolu­

tionized how mort­gage brokers inter­act with customers to obtain loans," adds Soukoulis.

Founded in 1987, America's Funding Source has the ex­pertise to predict the direction of lending today. Rick Soukoulis is an en-

Your mortgage bro­ker walks into your office or you call him at home, and he

Rick Soukoulis, President

trepreneur at re­defining the mort­gage industry through the use of lending software and system technol-

can tell you exactly where your loan is in the lender's process-tracking that equals that of an overnight ex­press package. Then, welcome to the new millennium and The Electronic Mortgage Clearinghouse (EMC)rM

Rick Soukoulis, President of America's Funding Source (AFS), created The Electronic Mortgage Clearinghouse™ with the explicit purpose of helping to simplify the loan brokerage process. "It's designed

ogy. He truly un­derstands the lending process and always keeps the end result in mind. Rick recognizes his responsibility to make things happen. "Rick's approach to business is the most innovative and state-of-the-art in the mortgage industry today. He maintains an aggressive profile of continued growth and will definitely be a major player as we approach the year 2000," states Bob Sears, broker/owner of the Prudential California Realty San Jose.

Electronic Mortgage Clearinghouse TM

How Does the Electronic Mortgage Clearinghouse™ Work?

It' s obvious that the Internet has changed our lives. We have the ability to conduct an overwhelming amount of business electronically, omitting the drudgery of waiting on paperwork, telephones and the postal service. This "electronic commerce," as it has become known, is changing the way we do busi­ness. "Electronic commerce" simply involves the transfer of value through buying, selling, investing and lending over the Internet. In the next five years, based on current trends, it is projected that roughly $200 billion in direct business-to-business sales will occur over the Internet (broker and lender).

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One of the greatest challenges facing mortgage originators and their companies today is obtain­ing online automated mortgage information quickly, and having that information easily accessi­ble at the point-of-sale. Today 's typical mortgage lending process is plagued by numerous inefficiencies: too many outdat­ed rate sheets, lack of timely re­sponse, no return phone calls and unanswered underwriting questions . Mortgage brokers who want to remain competitive must redesign their core lending process.

The cornerstone of the Electronic Mortgage Clearinghouse™ begins with a simple click of a mouse. Instantly, 10,000 loan programs and underwriting guidelines are smted by the AFS search engine and at the fingertip of an experi­enced loan agent, matching clients with the right lender's program. What sets the EM C process so far ahead of today's process is the clearinghouse, which AFS provides to brokers. Regardless of who will ulti­

mately collect payments, AFS provides brokers with a single point of contact for locking rates, underwriting, documents and funding, thereby saving everyone in­volved in the transaction precious time and energy. No longer do top mortgage brokers need to chase lenders for timely service. The loop has been closed.

• EM C cross-checks borrowers' information against tens of thousands of underwriting fields, program types and information.

• EM C performs loan comparisons between fixed rate and adjustable loans, property appreciation specula­tions and loan perf01mance histories.

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• EMC has the ability to quickly submit a loan to America's Funding Source for underwriting and funding as a wholesale electronic clearinghouse to the secondary market at no additional cost.

Who currently is in the America's Funding Source private broker network?

Rick Soukoulis is excited about the company's on­going expansion in Contra Costa, Alameda and Southern Alameda counties. "I look forward to creat­ing new partnerships in the East Bay and unifying ef­forts and energy to help our broker network experi­ence continuous growth. America's Funding Source is pleased to announce its most recent affiliate brokers in the East Bay: First Blackhawk Financial, Diversified Capital, The Home Mortgage Superstore, Mt. Diablo Mortgage, AmeriCal Funding and Olympic Funding. These firms are anxious to demon­strate The Electronic Mortgage Clearinghouse™ technology.

Estate, Prudential Real Estate, American Electronics Association (AEA) Credit Union and New Cities Development. The mortgage brokers in our network create greater control for real estate firms, credit unions or builders over the loan process. An on-site loan consultant enhances the speed of the loan process by eliminating customer frustration and pro­viding immediate customer satisfaction.

How can my client access The Electronic Mortgage Clearinghouse™?

There are two ways a client can access The Electronic Mortgage Clearinghouse ™. The quickest

America's Funding Source is now affiliating with a select group of residential mortgage originators, credit unions and builders. America's Funding Source offers great advantages with technology-driven an­swers to home loan financing questions. America's Funding Source can deliver new prod­

Over 10,000 loan programs with a simple click of the mouse

ucts and solutions, which can help affiliate partners achieve a higher level of success and market share.

How does The Electronic Mortgage Clearinghouse™ benefit a real estate office or devel­oper of single-family homes?

America's Funding Source has an extensive track record in formulating successful strategic alliances with real estate companies, credit unions and builders. Its history of alliances in the Bay area in­cludes such companies as Cornish & Carey Real Estate (now Coldwell Banker), Century 21 Real

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method is to contact America's Funding Source at (800) 281-2626, and they will provide you with a list of affiliate partners in your area. The other method of access is via the Internet. Contacting America's Funding Source online at www.AFS-online.com, vis­itors can view information and schedule a virtual meeting with an Electronic Mortgage Clearing house TM business partner .. * If you are interested in becoming a member of the America's Funding Source broker network or creat­ing a joint venture, please contact Rick Soukoulis at (800) 281-2626.

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