PowerPoint Presentation

Upfront underwriting & 7 day processing

OUR STORY AND VISIONFounded in 2008

Founded by ex NFL football player with a vision to make the process lending process faster. (Casey Crawford)

Started with less than 10 employees and as of April 2016 over 3500

Vision:

To be able to deliver a fully processed loan in under 10 days

By 2025 own 10% of the market. 1 in every 10 loans to be a Movement originated loan.

To be known for what we give back to communities and not for what we extract from communities

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 2

HOW DO WE REACH OUR VISIONUpfront underwriting and 7 days processing

Over 73% of our loans are CTC(clear to close) in 7 days. West Coast stat: 77%

Continue to use upfront underwriting

Help Realtor partners deliver a good experience with home buyers through our process

Continue to supportsupport: Meaning MM like to maintain a 2 to 1 ratio; have 2 ops personnel to every sales personnel. Unlike other mortgagee companies who have 3 to 1; 1 ops personnel to serve 3 sales people

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 3

Upfront underwriting?????Why doesnt every lender do it?

Cost too much money.Lender make money when a loan closes. Underwriting upfront causes a mortgage company to use up re$source$ without guarantee that an underwritten loan will close. Ops personnel earn a salary they it makes more sense to use them on live deals.Mortgage Companies have Loan officers who must know guidelines. An LO can issue a Pre qualification, and or Pre approvalUpon a live deal the full loan process is executed and an underwriter looks through the file to make sure the borrower truly qualifies for the product. If approved an APPROVAL issued.

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 4

Upfront underwriting?????Why does Movement Mortgage do upfront underwriting?

Put our money where our mouth is:By investing into the process and making a decision from an underwriter level, we have a higher probability to capture the borrower to stay with us and close with us.Upfront underwriting takes the guess work our of a deal: Realtor knows the buyer is fully approvedBorrower/buyer knows they are fully approvedEveryone know what conditions are in placeListing party and Seller knows the buyer is approved

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 5

Pre qualified? pre approved? Pre this, Pre that????

What is the difference between the prequalification, pre approval, approval

Pre qualification:a qualification based off verbal information between LO and borrowerNo inspection of verbal informationMaybecredit is checkedmaybePre qualification letter can be issuedPre Approval: Loan Officer has checked creditInspected all financial documentsLO runs AUS(automated Underwriting system) DU / LPGuidelines are cross referenced with the loan officers knowledgePre approval letter issuedApprovalLoan submitted to operations and takes proper processAll documentation is inspected and cross referenced with guidelines Conditioned by an underwriterAll parties truly know if approved and what conditions are in placed

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 6

Other lenders Vs. Movement Mortgage

If your contract went live during the weekend assuming it went live on Sat or Sun.

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 7

Other lenders Vs. Movement Mortgage

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 8

WHAT DO WE NEED TO GET YOU A UPFRONT APPROVAL?

SET UP THE RIGHT EXPECTATION TO YOUR BUYER have them meet with us, have them understand that its best to shop with an underwritten approval vs the pre this and pre that ALL BORROWER DOCUMENTATION Loan officer will send a checklist of items to the buyer/borrower. All docs have to be freshMissing items will delay out processSupport the LO when the buyer/borrower is not co operating

Growth (personnel, production)KW Ballantyne, additional MSAs signed up in Charlotte market and SC markets (ERA)

Consistency in Culture: Core of New American Mortgage - when companies lose sight of this, they are susceptible to failure. Become something they never intended to be, prepared for and lose their passion!

Everyone here has the same potential to excel. 9

Thank you!

Q and A

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