MORTGAGE FULFILLMENT SERVICES ADDED TO ABA/FREDDIE MAC ALLIANCE OFFERINGS

McLean, VA – Freddie Mac and the American Bankers Association (ABA) have added mortgage fulfillment services to their package of benefits available to ABA members. MoneyLine Lending Services, a company specializing in private-label mortgage fulfillment solutions, is now part of the ABA/Freddie Mac Alliance offerings available to ABA members to help them develop and enhance their mortgage capabilities.

Through the alliance, MoneyLine offers a complete mortgage fulfillment program, including borrower consultation, processing, underwriting, funding and secondary market capabilities. MoneyLine also offers a partial fulfillment program to streamline ABA members' post-application operations.

"This turn-key service is perfect for banks that may not focus on mortgage lending, yet want to offer the service to their customers," said ABA President Don Ogilvie. "This arrangement is one more way we can help our members provide a full range of mortgage products and serve more potential homebuyers."

"ABA member lenders that choose not to invest in the necessary staff, systems and mortgage operations can now outsource these services, and increase their competitive position in the home purchase market," said Dave Stevens, senior vice president of Mortgage Sourcing for Freddie Mac. "It's a tremendous addition to the alliance, and further enhances a highly valuable set of offerings for ABA members."

With MoneyLine's mortgage fulfillment services, borrowers are able to submit a loan application and track the progress of their loan online, at their local branch, or by phone. MoneyLine utilizes proprietary technology and an experienced staff to deliver customized mortgage services—including loan assessments with Freddie Mac's Loan Prospector^®—and complete processing, funding and delivery to the secondary market.

"As more community and regional banks consider outsource alternatives to meet the mortgage financing needs of their customers, they will find MoneyLine's services are tailored to the unique needs of today's community banker," said Evan Gentry, president and CEO of MoneyLine. "Delivering a private-label service that is convenient, efficient, and competitive is just the beginning. We are dedicated to helping our clients leverage the mortgage approval process to support their key objectives, whether it be attracting new customers, strengthening existing relationships, or retaining valued clients."

MoneyLine offers special alliance advantages to participating ABA members who are also Freddie Mac seller/servicers, including special start-up advantages.

Freddie Mac and the ABA began their alliance in January 2003. Hundreds of ABA member mortgage lenders are currently exploring the mortgage product, secondary market sale options, and technology and training advantages available through the alliance. For more information about the ABA and Freddie Mac alliance, visit www.freddiemac.com/singlefamily/aba.html or call 1-800-BANKERS.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has opened the doors for one in six homebuyers and more than two million renters across America.

The American Bankers Association brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership—which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks—makes ABA the largest bank trade association in the country. ABA can be reached on the Internet at www.aba.com.

MoneyLine Lending Services specializes in private-label, outsourced mortgage services for community lenders. Clients and their customers enjoy the improved efficiency and increased convenience of submitting applications and/or tracking the progress of loan applications at their branch, over the phone, or online. MoneyLine's mission is to improve the relationships between financial institutions and their customers by providing personalized interaction, increased convenience, and competitive loan programs. For more information about MoneyLine's outsourced mortgage solutions, visit www.moneylinelending.com.

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