ARC Systems 2600 Via Fortuna #500 Austin, Texas (512) fax (512) ARC Systems Loan Finder Express™ June 6, 2004

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

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

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

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

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

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

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

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 Reporting –Pipeline, Summary, Application

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

Phase 1 – Custom Web Sites

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

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 capabilities Faxing capabilities ASP-Based LOS

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

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