Contents

1. What is the Universal Automated Loan Decision (ALD) ^TM?
   
2. What is the Optimization system?
   
3. What is Automatic Credit Analysis?
   
4. What is Automatic Credit Worthiness Decision?
   
5. What is Automated Decisioning and Optimization Reasoning?
   
6. What is a Waterfall?
   
7. What is Automatic File-Send^TM?
   
8. Does my MLOM^TM system price loan transactions simultaneously with ALD^TM, and does it include all adjustments and add-ons?
   
9. Does my MLOM^TM system save my transaction inquiries and loan files? For how long?
   
10. Does my MLOM^TM system interface with my Point of Sale (POS) and Loan Origination System (LOS)?
    
11. What is the Bundled Services Platform and how can I use it to expedite the loan closing process?
    
12. How can I access the Bundled Services Platform from my MLOM^TM system?
    
13. How do you keep my MLOM^TM system updated with current guidelines and pricing information?
    
14. What is the BETA version period prior to releasing my MLOM^TM system live to my operation?
    
15. How many investors can I add to my MLOM^TM Automated Loan Decision and Optimization System?
    
16. Can I add investors programs to my MLOM^TM system at a later time?
    
17. How can I cancel my service with MLOM ^TM?
    
18. What is MLOM's ^TM refund policy?

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Answers

1. What is the Universal Automated Loan Decision (ALD) ^TM?

   The revolutionary Patent Pending Universal ALD ^TM (Automatic Loan Decision) automatically determines decisioning of loan transactions. Mortgage Companies can now intently determine qualification of transactions within their universal preferred investor pool.

   See also
       What is My Preferred Investor Pool
       What is the Optimization System?
       What is a Waterfall?

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2. What is the Optimization system?

   The revolutionary Patent Pending Optimization system works behind the ALD ^TM underwriting engine and evaluates each one of the loan programs that were qualified for the transaction submitted against one another and against the mortgage company's preferences and restrictions and the unique borrower's preferences and needs.

   The Optimization system grades each program that was qualified for the file submitted and presents the user with the most optimized Loan Findings, in three categories: A) Recommended by System B) Best for Broker C) Best for Borrower.

   The Optimization system allows the user to review the system optimization grades, compare between optimized loan findings and override optimization priority when necessary.

   See also
       What is Automated Decisioning and Optimization Reasoning?
       What is a waterfall?
   

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3. What is Automatic Credit Analysis?

   Automatic Credit analysis is a revolutionary feature that automatically analyzes the credit history of applicants instantly with every credit pull. Now Loan Officers don't need to read and analyze credit report files of their borrowers in order to determine their qualification.

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4. What is Automatic Credit Worthiness Decision?

   The Revolutionary and Patent Pending Automatic Credit Worthiness Decisioning instantly determine your applicant's credit worthiness and indicate the feasibility to extend credit to individual applicants' credit files.

   By the time you print the credit report you will have a credit worthiness decision already made and presented for you.

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5. What is Automated Decisioning and Optimization Reasoning?

   MLOM^TM's Automated Decisioning and Optimization reasoning consist of mathematical logic, which utilizes algorithms to prove theorems of calculus. MLOM defines all classes of applicant's circumstances required to be solved with available programs' scenarios and determines the qualified solutions to be used as well as inferred possibilities to efficiently conduct inferences and computations necessary to optimize the transaction decision-making process.

   See also What is the Optimization System?

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6. What is a Waterfall?

   The MLOM^TM system allows for an instantaneous re-qualification process whenever a loan file submitted cannot qualify.

   Whenever the user submits a loan file that cannot qualify, the MLOM^TM system automatically trim down parameters used to underwrite the transaction in order to determine if said transaction may qualify for a loan at different terms. These parameters include interest rate, loan amount, amortization, LTV/CLTV, FDTI/BDTI, etc. Furthermore, the MLOM^TM also evaluates different documentation types available against the documentation type requested in order to present the same qualified terms with less documentation requirement option.

   The MLOM^TM constantly works for originators to qualify more transactions even when they cannot qualify the way they are originally submitted. Therefore, instead of receiving a denial the system will issue Counter Offers for the user to select from.

   See also
       What is the Universal Automated Loan Decision?
       What is the Optimization System?
   

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7. What is Automatic File-Send^TM?

   A revolutionary universal communication tool which enables instant communication between originators and any investor, regardless of their existing technological capabilities.

   MLOM^TM users may choose to add the Automatic FileSend to their MLOM^TM system to instantly transmit qualified loan files to the individual investor whom the transaction was qualified with and that was chosen by the originator to do the deal with. The respective investor receiving the qualified loan submission can instantly review, edit, manage and send back to the submitting company any communication regarding the respective file and any of the loan reports available with it.

   See also
       What is Bundled Services
       How do I access Bundled Services
   

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8. Does my MLOM^TM system price loan transactions simultaneously with ALD^TM, and does it include all adjustments and add-ons?

   Yes. The ALD ^TM uses pricing, including all respective adjustments and add-ons together with the decision process and utilizes pricing with the optimization of the programs that were qualified.

   See also
       What is the Universal Automated Loan Decision (ALD) ^TM ?
       What is the Optimization system?

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9. Does my MLOM^TM system save my transaction inquiries and loan files? For how long?

   Yes. Your MLOM^TM system saves all of your transaction and loan files permanently, allowing you to securely access them from anywhere at anytime.

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10. Does my MLOM^TM system interface with my Point of Sale (POS) and Loan Origination System (LOS)?

    Yes. Your MLOM^TM system interfaces with any POS or LOS system enabling users to Export and Import loan files using FNMA and MISMO formats.

    Moreover, since MLOM is a preferred partner of Calyx Point, it provides Point users with automatic two-way file transfer between the two platforms.

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11. What is the Bundled Services Platform and how can I use it to expedite the loan closing process?

    The Bundled Services Platform integrated inside your MLOM^TM system allows you to order, view, and manage all related loan reports necessary for the submission and closing of your loan files including, appraisals, title, flood certs, AVM, MLR, etc.

    Users can instantly order, view, and manage all respective loan reports immediately upon the issuance of the Loan Finding Decisioning issued by the MLOM^TM system for their transactions.

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12. How can I access the Bundled Services Platform from my MLOM^TM system?

    You must be approved by MLOM ^TM to access the Services Platform from your MLOM^TM system. To become eligible to access this service you would need to become approve with MLOM CREDIT ^TM to access Consumer Credit Files as specified in the FCR Act.

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13. How do you keep my MLOM^TM system updated with current guidelines and pricing information?

    MLOM's ^TM Underwriting Department uploads and updates your programs' guidelines and pricing to your MLOM^TM system. MLOM update process assures the accuracy of all guidelines and pricing updates, utilizing the following process: A) Processing B) Preparation for update upload C) Guidelines Update Upload D) Pricing Update Upload E) Checking F) Quality Assurance (QA) G) Fixing H) Final QA I) Live Update Release.

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14. What is the BETA version period prior to releasing my MLOM^TM system live to my operation?

    All MLOM^TM systems for new clients are initially released as Beta Versions to allow for any additional and final modifications for user companies. User companies test and confirm proper operation of their MLOM^TM system prior to releasing their live version.

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15. How many investors can I add to my MLOM^TM Automated Loan Decision and Optimization System?

    You may request an unlimited number of investors and programs to your MLOM^TM system.

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16. Can I add investors programs to my MLOM^TM system at a later time?

    Yes. You may request to add or change your preferred investors' program pool at any time.

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17. How can I cancel my service with MLOM ^TM?

    You may cancel your service with MLOM with a 30 days written notice at any time.

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18. What is MLOM's ^TM refund policy?

    System purchase is fully refundable within the first 12 months of purchase date minus 1 year worth of annual license.

    System license is eligible for 1/2 money back guarantee within the first 30 days after the initial Beta period.

    Setup, customization and development fees as well as monthly maintenance and update service are paid in advance and are non-refundable.

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