IndyMac Bank features a full line of consumer banking and home mortgage products and services.
Consumer Mortgage Loans With its award-winning Web site combined with the best in personal customer service, IndyMac Bank’s Home Lending Division offers a broad range of home loan options to consumers nationwide. Supported by a state-of-the-art call center, our Web site www.indymacmortgage.com, was rated the best overall mortgage site for an unprecedented three consecutive quarters by www.Gomez.com (Fall 2000, Winter 2000 and Spring 2001). This site enables consumers to apply, obtain loan approval, and lock in an interest rate all online, in just minutes. The site also features online loan status, a daily rate comparison to seven major competitors, a quick mortgage rate pricing tool and live chat. Mortgage loan products available include:
Fixed and Adjustable Rate Home Loans
Construction-to-Permanent Home Loans
Home Equity Lines of Credit
FHA/VA Loans
Deposit Products Our deposit products consist of a wide choice of straight-forward products and services through our telebanking channel, on the Internet at www.indymacbank.com and our limited Southern California branch structure. With the telebanking and Web channels, customers have 24-hour access to their accounts, 7 days a week. At IndyMac Bank.com customers can view account balances, transfer funds between accounts, download account information to Quicken or Microsoft Money, and pay their bills. Banking products available include:
Certificates of Deposit at top market rates
Checking Accounts
Savings and Money Market Accounts
Retirement Accounts
Online Bill Payment
Mortgage Banking Group
IndyMac Bank B2B Lending
IndyMac Bank B2B Lending is one of the nation’s leading providers of residential mortgage products to mortgage brokers and bankers throughout the country. IndyMacB2B.com is a one-stop Web site providing access to all products, services and information resources. As a full service lender, B2B Lending offers a full line of competitive products and programs including: Jumbo, Subprime, Conforming, FHA/VA, Alt-A/Non-Conforming, Home Construction Financing and Home Equity loans. Powered by e-MITS‚ (electronic Mortgage Information and Transaction System), IndyMac Bank B2B Lending provides customers with fully automated, risk-based competitive pricing, immediate rate lock capability, and customized documentation requirements, all within three minutes—24 hours a day, seven days a week.
LoanWorks.com
LoanWorks.com is IndyMac Bank’s business-to-realtor distribution channel. LoanWorks.com offers an online origination and pipeline management system for use by real estate agents and builders using our Web-based e-MITS technology. Through a simple, smart loan application, real estate agents can obtain full and advance approvals on all IndyMac Bank loan programs in three minutes.
Commercial Lending Group
Construction Lending Corporation America (CLCA)
CLCA is a nationwide lender for subdivision, model-home and custom-home financing. With locations throughout the United States, this division offers a variety of innovative programs for all sizes of builders from small Custom Builders to Multi-regional Builders and all types of residential properties.
Now that we are an FDIC-insured financial institution with a limited branch structure in Southern California, we have an increased responsibility to our local communities. We are in a position to make a significant difference in the quality of life for many familieswho need our products and services. Making home loans to families residing in the local communityis the focus of our new community lending division. Utilizing bi-lingual community loan officers placed in the community and in the bank’s branch offices, this division provides home loans to borrowers and communities that have been historically under-served by the mortgage industry. In particular, the division concentrates on low-to-moderate income and ethnic minority borrowers and communities. For 2001, we are projecting to fund over 15,000 loans within the Los Angeles Consolidated Metro-politan Area (LA CMSA—our community). Our goal is to fund approximately 10% of these loans to low-to-moderate income borrowers and 13% of these loans to borrowers residing in the low-to-moderate income census tracts for this area. We are hopeful that we will exceed these goals with a greater marketing effort to the community as our current denial rate to low-to-moderate income borrowers is less than half that of our peers in this area. In addition to our lending commitment, we also support our community with charitable contributions to organizations such as the California Building Industry Foundation, Habitat for Humanity, the Freddie Mac Foundation and the YMCA of Pasadena among others. We have made the commitment to operate with the true “spirit of community reinvestment” through affordable lending opportunities, key investments, and community service.
Now that we are an FDIC-insured financial institution with a limited branch structure in Southern California, we have an increased responsibility to our local communities. We are in a position to make a significant difference in the quality of life for many familieswho need our products and services. Making home loans to families residing in the local communityis the focus of our new community lending division. Utilizing bi-lingual community loan officers placed in the community and in the bank’s branch offices, this division provides home loans to borrowers and communities that have been historically under-served by the mortgage industry. In particular, the division concentrates on low-to-moderate income and ethnic minority borrowers and communities. For 2001, we are projecting to fund over 15,000 loans within the Los Angeles Consolidated Metro-politan Area (LA CMSA—our community). Our goal is to fund approximately 10% of these loans to low-to-moderate income borrowers and 13% of these loans to borrowers residing in the low-to-moderate income census tracts for this area. We are hopeful that we will exceed these goals with a greater marketing effort to the community as our current denial rate to low-to-moderate income borrowers is less than half that of our peers in this area. In addition to our lending commitment, we also support our community with charitable contributions to organizations such as the California Building Industry Foundation, Habitat for Humanity, the Freddie Mac Foundation and the YMCA of Pasadena among others. We have made the commitment to operate with the true “spirit of community reinvestment” through affordable lending opportunities, key investments, and community service.