Our Business
IndyMac is structured to achieve synergies among its operations and enhance customer service. Operating through its three main divisions, IndyMac Mortgage Bank, IndyMac Consumer Bank and the Investment Portfolio Group, the common denominator of the Company's business is providing consumers with single-family residential mortgages through relationships with each division's core customers via the channels in which each operates:

IndyMac Mortgage Bank is centered on providing consumers with mortgage products through relationships with the Company's business customers — mortgage brokers, mortgage bankers, financial institutions, real estate professionals and homebuilders are able to offer their consumer customers competitive mortgage products utilizing IndyMac's state of the art technology supported by strong teams of mortgage professionals.

The Consumer Bank provides the platform for the mortgage and deposit services that IndyMac offers directly to consumers — single-family residential mortgages, home equity lines of credit, checking accounts, savings accounts, competitive certificates of deposit, individual retirement accounts and online bill payment services.

The Investment Portfolio Group serves as the main link to customers whose mortgages we service. Through its investments in single-family residential mortgages, mortgage-backed securities and mortgage servicing rights, it serves a critical support function for IndyMac's mortgage lending operations.

IndyMac's automated, competitive risk-based pricing and underwriting system known as e-MITS® (Electronic Mortgage Information and Transaction System) is available across all mortgage lending channels to provide customers with a variety of mortgage loan products. With its strength in risk-based pricing, e-MITS reviews each loan for its unique individual attributes, analyzes its prepayment and credit risk, chooses the right product and assigns appropriate terms for the loan. The system allows both business customers and consumers to lock in an interest rate within minutes, 24-hours a day, seven days a week. IndyMac's systems also incorporate Fannie Mae's Desktop Underwriter® and Freddie Mac's Loan Prospector,® as well as other automated systems, to offer its customers the widest possible range of products. Among the products currently offered are:

MORTGAGE PRODUCTS

• Fixed and Adjustable Rate Home Loans
• Conforming Loans — "Traditional Prime"
• Prime Non-Conforming Loans (jumbo and alternative documentation loans)
• Government — FHA/VA Loans
• Mortgages for Consumers with Credit Challenges — "Subprime" Loans
• Consumer Construction-to-Permanent and Lot Loans
• Home Equity Lines of Credit (HELOCs) and Second Mortgages

• Checking Accounts
• Savings Accounts
• Money Market Accounts
• Certificates of Deposit
• Individual Retirement Accounts
• Online Bill Payment Services