XCEED Master Broker 2014 Program Summary. Uninsured Mortgage Solutions

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XCEED Master Broker 2014 |

Program Summary

XCEED Mortgage Corporation

FSCO 10406

200 King Street West, Suite 600 | Toronto, ON | M5H 3T4

xceedmortgage.com

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The XCEED Master Broker Uninsured Mortgage Program offers exclusive access to our new X-Series uninsured mortgage products offering solutions to customers who may not meet tight restrictions imposed by traditional lending institutions. We offer Choice, Flexibility and Opportunity.

Introducing the NEW XCEED Master Broker Uninsured Mortgage Program

Master Brokers are required to meet minimum volume and Total Funding Ratio (TFR) requirements. Please see your dedicated XCEED BDM for details. Monthly reporting provided. TFR calculated on rolling twelve-month unit data. Master Brokers have a successful history with XCEED and an appreciation of the differences between insured and uninsured solutions, processes and customers.

Program REQUIREMENTS

EARN UP TO 85 BPS ON

3-YEAR TERMS!

Solutions for BFS Customers

Owner-occupied & rental

properties

20/20 prepayment privileges

Equity-driven lending for

customers with unique

circumstances

Offer your customers MORE from a trusted lender

and an experienced team.

GROW with XCEED.

FREE Home System

Warranty Program

worth up to $10,000

annually in eligible

repairs!

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Program FEATURES

DEAL PURPOSE MAXIMUM LTV

• Purchase, Refinance • Purchase: 80%; Refinance: 80% incl. fees

TERMS MAXIMUM AMORTIZATION

• 1, 2 and 3 year terms available • Up to 30 years

CREDIT HISTORY MAXIMUM LOAN AMOUNT

• No minimum Beacon score

• Reduced LTV may be applied to lower credit scores

• Bankrupt must be discharged

• $50,000 to $500,000 (subject to geographic and credit requirements)

• Greater than $500,000 available subject to approval

PROPERTY REQUIREMENTS INCOME DOCUMENTATION

• Location - select major urban centres

(see full list of XCEED approved lending areas) • Marketability - XCEED standards of marketability

apply

• Appraisal - ordered by XCEED. Applicant

responsible for appraisal fee payable directly to appraiser at time of property inspection

• BFS income accepted

• Documentation will be required to support the existence of a business

• Documentation will be required for confirmation of employment as stated

OCCUPANCY TYPE PREPAYMENT PRIVILEGES

• Owner-occupied (up to 80% LTV)

• Rentals (up to 75% LTV) • 20/20

DOWNPAYMENT EARLY PAYOUT POLICY

• 10% from own resources

• 10% equity required in property for refinance • Secondary financing allowed up to 90% LTV

• Early payout is permitted.

• Early Payout Premium: Greater of 3 months interest or Interest Rate Differential (IRD)

MASTER BROKER COMPENSATION PRICING & FEES

• 1-YEAR TERMS: 60 BPS • 2-YEAR TERMS: 70 BPS • 3-YEAR TERMS: 85 BPS

• Flexible

• Customizable based on individual circumstances

RATE HOLD POLICY MISCELLANEOUS

• Purchase: 90 days

• Refinance: 30 days • FREE Home System Warranty Insurance for first year of mortgage* • Ports and Assumptions allowed on approval • TitlePLUS lawyer required for all XCEED deals

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Approved LENDING AREAS

XCEED XECUTIVE Solution XCEED XTRA Solution XCEED XPLUS Solution ONTARIO

Major Urban Centres Medium Urban Centres Minor Urban Centres

Toronto CMA Acton Alliston

• Ajax Barrie Belleville

• Aurora Bowmanville Bradford

• Brampton Claremont Chatham

• Brooklin Cumberland Cobourg

• Burlington Georgetown Collingwood

• Caledon Hamilton CMA Cornwall

• Etobicoke • Ancaster Fergus

• Markham • Dundas Innisfil

• Milton • Grimsby Kemptville

• Mississauga • Stoney Creek Keswick • Newmarket • Waterdown Morriston • North York Holland Landing Niagara Falls

• Oakville Kingston North Bay

• Oshawa Kitchener–Waterloo CMA Orangeville • Pickering • Cambridge Orillia • Richmond Hill • Guelph Paris • Scarborough • Kitchener Pembroke

• Vaughan • Waterloo Peterborough

• Whitby Kleinburg Sault Ste. Marie

Ottawa CMA London Sharon

• Carleton Place Springwater Sudbury • Gloucester Stouffville St. Catherine’s

• Greely Stratford Uxbridge

• Kanata Woodstock • Napean

• Orleans • Stittsville • West Carlton

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Introducing the NEW XCEED Master Broker Uninsured Mortgage Program

Approved LENDING AREAS

XCEED XECUTIVE Solution XCEED XTRA Solution XCEED XPLUS Solution ALBERTA

Calgary CMA Canmore Bragg Creek

• Airdrie Grand Prairie Brooks

• Calgary Lethbridge Sylvan Lake

• Chestermere Medicine Hat • Cochrane Red Deer • Okotoks Georgetown Edmonton CMA • Beaumont • Edmonton • Fort Saskatchewan • Leduc • Morainville • Spruce Grove • St. Albert • Strathcona BRITISH COLUMBIA

Vancouver CMA

• Burnaby Abbotsford Kamloops

• Coquitlam Chilliwack Kelowna

• Delta Mission Sooke

• Langley Nanaimo Vernon

• Maple Ridge Victoria • New Westminister • North Vancouver • Pitt Meadows • Port Coquitlam • Richmond • Surrey • Vancouver • West Vancouver • White Rock

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Approved LENDING AREAS

XCEED XECUTIVE Solution XCEED XTRA Solution XCEED XPLUS Solution MANITOBA

Winnipeg CMA Brandon CMA N/A

• East St. Paul • Brandon • Headingly • Cornwallis • West St. Paul • Elton • Winnipeg • Whitehead

SASKATCHEWAN

• Regina N/A N/A

• Saskatoon

QUEBEC

• Montreal N/A N/A

• Quebec City

ATLANTIC PROVINCES

Halifax/Dartmouth HRM (NS) St. John’s CMA (NL) N/A • Bedford • Conception Bay South

• Dartmouth • Mount Pearl • Halifax • St. John’s • Lower Sackville

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Contact XCEED

ORIGINATION

BDM, Western Ontario, Alberta & British Columbia

Melanie Lapointe

[email protected] (888) 811-6660 ext. 3487 C: (416) 648-2854

BDM, Prairies, Eastern Ontario and Atlantic Canada

Tommy Vrazalis

[email protected] (888) 811-6660 ext. 3268 C: (416) 716-9432

Director, Sales and Marketing

Gleb Ioussoufovitch [email protected] (888) 811-6660 ext. 3243 CREDIT RISK Escalation Officer Anne Regan [email protected] (888) 811-6660 ext. 3428 F: (888) 745-6693 Senior Underwriter Dianne Vieira [email protected] (888) 811-6660 ext. 3252 F: (866) 549-8905 Senior Underwriter Nasrin Dossa-Lall [email protected] (888) 811-6660 ext. 3245 F: (866) 274-1834 Senior Underwriter Wati Omar [email protected] (888) 811-6660 ext. 3418 F: (866) 533-2197

Associate Vice President, Operations

David Marcotte