LENDING GUIDELINE

Buying a new home or refinancing an existing mortgage is one of the biggest financial decisions a consumer will make. Lexington Lending is a company that is committed to making this process simple and easy for you. 1 Silver Underwriting Philsophy PRIME 11202006

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Our Commitment To Services

When it comes to making a choice about which mortgage company to use, you can be sure that when you choose Lexington Lending, you will be getting a company that stands for service. Our commitment to putting your needs first and our level of service and support is unsurpassed in the industry

Our Commitment To the Mortgage Industry

Lexington Lending, a leading lender provides the most competitive mortgage loans nationwide. Our experience has helped us to understand the economic, legislative and social changes confronting the mortgage industry. Our underwriting philosophy is a reflection of this extensive lending experience and an ongoing commitment to offer the best products, pricing and services to the mortgage community.

Our Commitment To Fair Lending Laws

Lexington Lending evaluates and approves all applicants based on credit, capacity to repay, and collateral. Every employee of Lexington Lending is responsible for ensuring that credit is marketed and made available to all creditworthy individuals. Following a credit evaluation and review, Lexington Lending will notify the broker/agent of all loan programs in which the applicant(s) is qualified to participate. Lexington Lending may deny approval or funding, allow re-pricing or require repurchase of any loan that is ineligible for the program under which the loan is submitted.

Lexington Lending exercises reasonableness in underwriting judgment and will exercise its discretion only when the loan deficiency is a material breach of the standards disclosed in these guidelines.

We promote fair lending practices in our underwriting and lending activities. We are committed to ongoing innovative programs that inform and educate all employees, broker/agents, and the public about fair lending practices and our governing regulatory framework.

The underwriting policy of Lexington Lending requires adherence to all state and federal regulatory requirements. The guidelines and matrices indicate the suggested maximum loan-to-value (LTV) and loan amount except where further restricted by state or federal policy. In addition, Lexington Lending has established Best Practices that support and adhere to all state and federal regulatory requirements.

The most important concept reflected in our underwriting, is our belief that no single loan or applicant characteristic automatically makes a loan good or bad. We review loans based on objective underwriting standards in a consistent and equitable manner. We encourage all approved broker/agents to send us any loan.

Lexington Lending may from time-to-time amend or revise its underwriting criteria, documentation requirements, and/or our requirements pertaining to any loan program. Lexington Lending reserves the right to change our guidelines without any prior written notice. Such amendments or revisions will not adversely affect any loan package already approved by Argent when the loan is funded prior to the approval expiration. Lexington Lending issues approvals that are valid for 45 days from the original approval date. Please check this website for the most recent published documentation.