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Overview is a -based home mortgage loan company, specializing in mortgage loan origination, with a focus on traditional purchase mortgages, refinancing and reverse mortgages. The

 Overview is a -based home mortgage loan company, specializing in mortgage loan origination, with a focus on traditional purchase mortgages, refinancing and reverse mortgages. The Company has an established presence in and a well regarded reputation in having earned awards on behalf of its services and employees. The Company has continued to excel by offering competitive products, recruiting and retaining top producing loan originators, and by growing Company revenues despite the implementation of new national regulations restricting compensation levels and altering traditional mortgage banking practices. The Company is a domestic limited liability company, formed in on by Since its inception, the Company has undergone changes in its structure, ownership and name. Originally incorporated as the Company changed its name to on and continued operations under this title until , when the Federal Housing Authority (“FHA”) refused to issue licenses to the Company’s owner if the word “national” was included in the name.1 The Company thus underwent another identity change and reemerged as , the name under which it operates today. The Company was initially wholly owned by but changed ownership several years later, with joining his brother as a 50% owner. subsequently relinquished his ownership interest, leaving with sole ownership of the Company. The Company underwent its final ownership change simultaneously with its most recent name change, when took a 1% interest in the Company due, again, to newly enforced regulations by the FHA, which specifically prohibited sole member LLC’s.2 Products and Services The Company was formed for the broad purposes of originating, processing, corresponding, servicing and otherwise dealing with residential mortgage loans.3 The Company provides loan origination services for purchase mortgages, refinancing of existing mortgages and reverse mortgages. Loan origination requires a careful review of a potential customer’s income, assets, debts, credit history and overall financial picture in determining whether to approve a loan. Once the originator has approved the loan, the file is passed onto an underwriter and the Company then works with a lender to close the loan and secure funding for the customer. The Company works with 30 to 40 different lenders, thereby increasing the funding sources available and increasing the chances of matching a potential customer and lender. The Company’s primary loan products are traditional purchase mortgages, which are initial mortgages on a home. The Company offers a diverse range of purchase mortgage products,

  1. What is the nature of the business?
  2. What is the history of the business?

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