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Segments |
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Homebuilders (HBD) |
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The primary focus of our homebuilder
division is to generate single-family residential mortgage loans through
our business of lending to subdivision developers. Our strategy includes
developing relationships with homebuilders through direct customer
contact and program presentations, as well as drawing upon existing
construction lending builder relationships and industry contacts.
Similar to our B2R channel, the generation of mortgage loans through
homebuilders provides a strong growth opportunity in the home purchase
loan market. |
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Home Construction Lending (HCL) |
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IndyMac Bank Home Construction Lending
(HCL) is one of the largest consumer construction lenders in the nation,
offering a variety of residential construction loan programs and lot
loan financing through brokers and directly to consumers. Through
our streamlined e-MITS online application process, HCL offers a single-close
construction-to-permanent loan that provides borrowers with the funds
to build a primary residence or vacation home. HCL customers have
convenient online access to construction funds and loan information
at any time. |
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IndyMac Consumer Bank |
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Consumer Direct (B2C) |
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Our highly rated B2C website offers
a wide range of home loan products directly to consumers nationwide.
This site enables consumers to apply for a mortgage loan, obtain loan
approvals, lock in an interest rate and receive a printable approval
letter, all online, and within minutes. The website also features
online loan status information, daily rate comparisons to major competitors,
and a quick mortgage rate pricing tool. Through B2C’s telemarketing
operations and our Southern California retail banking branch network,
loan consultants counsel consumers with respect to the loan application
process, process loan applications utilizing our e-MITS technology,
and make lending decisions. |
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Southern California Retail Banking |
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Through our website at www.indymacbank.com,
consumers can access their accounts 24-hours a day, seven days a week.
Online banking allows customers to access their accounts, view balances,
transfer funds between accounts, view transactions, download account
information and pay their bills conveniently from any computer terminal.
Consumers can also conduct transactions through our telebanking operation
or in one of our Southern California branches. Our deposit products
include regular savings accounts, demand deposit accounts, money market
accounts, certificate of deposit accounts and individual retirement
accounts. |
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HELOC |
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IndyMac’s Home Equity Division
specializes in providing second mortgages and Home Equity Lines of
Credit (HELOCs) nationwide through direct marketing to homeowners.
With a streamlined application process and competitive pricing, this
division provides homeowners the ability to easily tap the excess
equity in their homes for a variety of uses. With the HELOC product,
homeowners have convenient access using equity checks or a Visa®
credit card. IndyMac’s home equity products are available across
all IndyMac’s mortgage channels to new and existing mortgage
or banking customers. |
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Investment Portfolio Group |
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Our Investment Portfolio Group complements
the Company’s mortgage banking activities and serves to diversify
the Company’s revenue stream through its investments in single-family
mortgage loans, mortgage-backed securities and mortgage servicing
rights. In addition to generating revenue for the Company, the Investment
Portfolio Group performs the mortgage servicing function. This creates
an additional opportunity to recapture current customers when the
interest rate environment makes it attractive for them to refinance.
Servicing customers can also be cross-marketed with other Company
products such as HELOCs or other banking services. Our policy is that
all of our investment portfolio assets, including assets acquired
from the Mortgage Bank or Consumer Bank, must meet or exceed minimum
targeted return requirements. |
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