1	Lender Services Direct, Inc. System Description 2005
2	Functional Overview LSD Home Page Credit Reports Escrow / Settlement Title Reports / Title Insurance Virtual Value Check Appraisals Flood Zone Determinations Complete Document Services
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4	Credit Reports Can be used as a basic credit reporting service; pulls information from Trans Union, Experian and Equifax databases. Automatically combines credit information into a common, easy to read format within seconds. Interfaces with any existing loan origination system or credit provider. Full factual reports - Residential Mortgage Credit Reports RMCR's) Customized consumer letters. 90 day trade updates. Meets all Fannie Mae and FHLMC guidelines. Order status is automatically tracked; no more lost orders. Management reports to track turn-around time can be used to monitor vendor service level guarantees. Has turnkey backbone credit reporting company functionality with the appropriate subscriber numbers and bureau approval.
5	Escrow / Settlement
6	Title Reports / Title Insurance
7	Virtual Value Check Virtual Value Check ^SM (VVC) is a real-time automated property valuation resource designed for all aspects of residential lending. When a full appraisal is not required, VVC can save you valuable time and significantly reduce loan origination expense.
8	Virtual Value Check Automated in 35 states; available in all 50. Can be used as an appraisal system for any lender. Contains characteristics of an appraisal Returns near Instantaneous estimate of current market value (including confidence score) for all single-family residences, condominiums, townhouses, and row house properties. Creates property reports at a fraction of conventional valuation costs, significantly reducing loan origination expenses. Can run and retrieve multiple AVM reports at any time; on-line and available, 24/7.
9	Virtual Value Check Displays comparables and their proximity to the loan submission Approved by Irwin Home Equity
10	Appraisals Full and Drive-by appraisals. Uses the same “Geo-locator” engine as that in Document Signing Services to display all approved appraisers within a specified geographical area. Our national network of appraisal offices can meet the needs of lenders, builders, and real estate agents - no matter where the property is located. Have your own panel of appraisers? They can be easily added to our network or used stand-alone.
11	Flood Zone Determinations Nationwide life-of-loan determinations are processed within seconds. Order status is automatically tracked; no more lost orders. Management reports to track turn-around time can be used to monitor vendor service level guarantees. Can be used as a turnkey backbone to perform your own life-of-loan determinations or start your own flood zone determination service. We can provide research data and support.
12	Document Services A “Geo-Locator” for every county in all 50 states displays signers and attorneys in the document signing network. Interfaces with UPS, FedEx, and the USPS. Tracking information is automatically updated as part of the management system. Order status is automatically tracked; no more lost orders. Management reports to track turn-around time can be used to monitor vendor service level guarantees.
13	Document Services
14	Underwriting Engine Proprietary underwriting engine developed by LSD. Designed with all the fields necessary to direct underwrite any loan program a lender may offer. Underwriters can quickly update or correct information such as income, dates, or LTVs. Underwriters can modify or delete the needs list created by the pre-approval module for each individual loan. This can be modified or deleted by the underwriter once the completed loan file and loan stipulations are received. Interacts with any loan origination system. Interacts with other direct underwriting programs as needed or allowed.
15	Closed Loan Tracking
16	Mortgage Lead Mining Provides a complete 1003 template for a website application with the ability to run a credit report and a statistical evaluation within seconds. Allows the representative to more effectively screen applicants and match them with available programs by manual means or by using LSD underwriting engine. Designed to reduce shoppers. Able to populate from any website to any Loan Origination system. Enables representatives to direct potential clients to a web-enabled 1003, which when completed, redirects them back to the representative’s home page. This enables representatives to process more quality leads than otherwise possible and increases customer service.
17	Quality Control / Auditing
18	Remote Real Time Support / Training
19	Web Based Conferencing
20	Integrated Bundled Services Automated in 35 states. Enables the loan officer to quickly gather characteristics about a subject property. Can be used to screen submissions which do not meet property requirements and eliminate them early in the loan process. Use to retrieve instant zoning and vesting information.
21	Expanded Product Offerings Loan Document Program Web based. Available for all 50 states. Loan Origination and Processing Program L.O.P.P. A complete loan origination and processing program with integrated tracking and reporting system. Designed specifically for institutions with O.C.C. and H.M.D.A. reporting requirements. Home Inspections Uses the same “Geo-locator” engine as that used for Appraisal and Document Signing Services. Displays all approved inspectors within a specified geographical area.
22	Expanded Product Offerings Environmental Reports Tax Service Hazard Insurance Flood Insurance Private Mortgage Insurance
23	Lender Services Direct, Inc. 26461 Crown Valley Parkway Second Floor Mission Viejo, Ca 92691 1-800-330-5363 Kathy Gordon / National Accounts Director 1-800-330-5363 xt 3125 Fax 949-328-3233 kathy@lenderservicesdirect.com www.lenderservicesdirect.com