XCEED Master Broker 2014 Program Summary. Uninsured Mortgage Solutions

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1 XCEED Master Broker 2014 Program Summary Uninsured Mortgage Solutions XCEED Mortgage Corporation FSCO King Street West, Suite 600 Toronto, ON M5H 3T4 mcanmortgage.com

2 Introducing the NEW XCEED Master Broker Uninsured Mortgage Program 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. Solutions for BFS Customers EARN UP TO 85 BPS ON 3-YEAR TERMS! Owner-occupied & rental properties 20/20 prepayment privileges Equity-driven lending for customers with unique circumstances FREE Home System Warranty Program worth up to $10,000 annually in eligible repairs! Offer your customers MORE from a trusted lender and an experienced team. GROW with XCEED. Program REQUIREMENTS 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. 1

3 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 No minimum Beacon score Reduced LTV may be applied to lower credit scores Bankrupt must be discharged PROPERTY REQUIREMENTS 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 OCCUPANCY TYPE Owner-occupied (up to 80% LTV) Rentals (up to 75% LTV) DOWNPAYMENT 10% from own resources 10% equity required in property for refinance Secondary financing allowed up to 90% LTV MAXIMUM LOAN AMOUNT $50,000 to $500,000 (subject to geographic and credit requirements) Greater than $500,000 available subject to approval INCOME DOCUMENTATION BFS income accepted Documentation will be required to support the existence of a business Documentation will be required for confirmation of employment as stated PREPAYMENT PRIVILEGES 20/20 EARLY PAYOUT POLICY Early payout is permitted. Early Payout Premium: Greater of 3 months interest or Interest Rate Differential (IRD) MASTER BROKER COMPENSATION 1-YEAR TERMS: 60 BPS 2-YEAR TERMS: 70 BPS 3-YEAR TERMS: 85 BPS RATE HOLD POLICY Purchase: 90 days Refinance: 30 days PRICING & FEES Flexible Customizable based on individual circumstances MISCELLANEOUS FREE Home System Warranty Insurance for first year of mortgage* Ports and Assumptions allowed on approval TitlePLUS lawyer required for all XCEED deals *Certain term and property location requirements apply. 2

4 Approved LENDING AREAS XCEED XECUTIVE Solution XCEED XTRA Solution XCEED XPLUS Solution ONTARIO 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 3

5 Introducing Approved LENDING the NEW XCEED AREASMaster Broker Uninsured Mortgage Program 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 4

6 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 Middle Sackville 5

7 Contact XCEED ORIGINATION BDM, Western Ontario, Alberta & British Columbia Melanie Lapointe (888) ext C: (416) BDM, Prairies, Eastern Ontario and Atlantic Canada Tommy Vrazalis (888) ext C: (416) Director, Sales and Marketing Gleb Ioussoufovitch (888) ext CREDIT RISK Escalation Officer Anne Regan (888) ext F: (888) Senior Underwriter Dianne Vieira (888) ext F: (866) Senior Underwriter Nasrin Dossa-Lall (888) ext F: (866) Senior Underwriter Wati Omar (888) ext F: (866) Associate Vice President, Operations David Marcotte (888) ext