Worldwide Financial Resources: "Your Mortgage Source"

Worldwide Financial Resources was founded in 1988 as a financial planning company focused on estate planning and insurance. Our reputation and performance immediately outpaced expectations for a start-up because we developed relationships with the most respected attorneys and accountants in the real estate and estate-planning arena. In 1989 the company further rounded out its service offering with mortgage lending, and by 1993 we had firmly established the stable and successful business model we operate today.

Expertise and Relationships
Worldwide Financial Resources has succeeded on the strength of its expertise, its relationships, and its competitiveness. Our management team leverages these assets to attract corporate clients, and through our network of relationships we can offer reduced-rate mortgages and fees to a variety of unions, corporations, and corporate employees. In addition, corporate officers can take advantage of a customized layer of services geared toward members and offered through on-site benefit programs. We support our loan officers with the tools and the latitude to develop these profitable relationships with companies, unions, and industry players such as financial planners, real estate agents, CPAs, and attorneys. This practice has paid dividends in the number and quality of referrals received.

Professionals in this industry are selective about referrals and seldom make them lightly, so we consider a referral to be the highest validation of our ability. A majority of our referrals, in fact, comes from financial professionals. Because mortgages are often a critical component of long-term financial, retirement, and estate planning, we continually build strategic alliances with financial planners. Our sales staff receives an exceptional degree of education and training in financial planning concepts and market trends, which earns them the trust of those they do business with. Revenue generation for our loan officers exceeds the industry average in part because our officers gain additional opportunities to generate sales through these referrals.

Real estate professionals are another important source of referrals and are typically loyal to only a handful of mortgage solicitors. Financial Resources aggressively seeks out sales representatives who have fostered such loyal relationships. We also believe in backing our reps' efforts to the fullest and plan to host quarterly events for strategic partners. Our activities will range from attending educational seminars to sponsoring booths at the annual conventions of real estate agents and the Mortgage Bankers Association.

Attorneys and accountants are also a rich source of referrals for Financial Resources. Rock-solid relationships with these professionals are highly valued by our company and, we have found, relatively easy to cement once we have demonstrated our drive and commitment to perform above expectations.

Technology
Worldwide Financial Resources believes in the intelligent application of technology to streamline every aspect of the lending process and connect all the parties associated with a loan. The company has built a Web-enabled infrastructure employing the industry's most advanced technology to improve back-office efficiency and make faster loan decisions.

We have harnessed Web-based links to Fannie Mae, Freddie Mac, and other lending engines to produce one of the fastest turnaround times in the industry. These capabilities allow us to enter an application, instantly order appraisals and credit reports, and generate and send to the client all required regulatory documents. Our Web-based tracking system allows clients to track their loans' progress anytime anywhere. As a result, origination and closing documents can be produced quickly without time-consuming manual calculations.

The company is fully automated in conventional, sub-prime, and FHA loans. Moreover, we continually evaluate the industry's changing needs and emerging technologies to find the appropriate balance of service and profitability.

People
In addition to judiciously applying technology, we have also organized and trained our people to work with intelligence and efficiency. The company staffs full-time openers and experienced processors, underwriters (conventional, FHA, sub-prime), and closers. Closers work in conjunction with our in-house attorneys, which makes for fast, seamless closings.

Worldwide Financial Resources also takes pride in our close relationships and affiliations with title companies. Leveraging these relationships enables us to reduce turnaround time for title reports, endorsements, and the clearing of judgments and liens. These practices underscore the company's drive and commitment to success.

Mortgage Products
Worldwide Financial Resources originates a wide array of mortgage products designed to address market competition and meet the needs of increasingly market-savvy consumers. We offer 157 loan programs for credit ratings ranging from A to D. In addition, we provide Conventional and FHA loans, 95 percent NINAs, 107 percent financing for first mortgages, COFI and MTA loans, and a variety of other niche products. Most important, the company maintains very close relationships with our investors, which gives us flexibility in underwriting and allows us to offer preferred pricing.

Residential Mortgage Banking
Worldwide Financial Resources is poised to acquire a federally chartered savings bank, which will allow us to develop new portfolio products and give us the ability to originate loans on a national level. The company is also exploring the possibility of expanding its mortgage business into selling and servicing mortgages, which would allow us to tap new sources of revenue within this sector.