STANDING OUT IN A VANILLA WORLD Kim Yarnelli GTE Financial GTE - - PowerPoint PPT Presentation

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STANDING OUT IN A VANILLA WORLD Kim Yarnelli GTE Financial GTE - - PowerPoint PPT Presentation

Mar 08, 2023 30 likes •130 views

STANDING OUT IN A VANILLA WORLD Kim Yarnelli GTE Financial GTE Financial & Home Loan Alliance, LLC: At a Glance Assets $1.8 Billion Loans $1.5 Billion Shares $1.6 Billion Members 245,943 Loans/Shares 91.66%

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STANDING OUT IN A VANILLA WORLD

Kim Yarnelli GTE Financial

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SLIDE 2

GTE Financial & Home Loan Alliance, LLC: At a Glance

  • Assets

$1.8 Billion

  • Loans

$1.5 Billion

  • Shares

$1.6 Billion

  • Members

245,943

  • Loans/Shares

91.66%

  • Off Balance Sheet Balance

$1.4 Billion

  • HLA CUSO Established

2012

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Connecting Strategic Priorities to Products

  • Determining the “White Space” in the Marketplace
  • Niche products: Mini-Jumbo and Jumbo Loans
  • Acceptable to the Marketplace and our Membership
  • The 5/5 ARM product was the product of choice

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$2,284.14 $32,766,100 $26,922,127 $24,093,210 $46,628,062

$0.00 $5,000,000.00 $10,000,000.00 $15,000,000.00 $20,000,000.00 $25,000,000.00 $30,000,000.00 $35,000,000.00 $40,000,000.00 $45,000,000.00 $50,000,000.00 2011 2012 2013 2014 2015

Originated 5/5 ARM, Mini Jumbos, Jumbos, & Conventional Products

5/5 ARM, Mini Jumbos, Jumbos, & Conventional Products

$ million

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$38,018,691 $117,001,013

$0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 2014 2015

SOLD - 5/5 ARM Product

SOLD - 5/5 ARM Product $ Million

* Started selling in 2014

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Product Features

  • Index

One Year LIBOR

  • Margin

2.00%

  • Initial Adjustment

2.00% after the first 5 years

  • Subsequent Adjustments

2.00% every 5th year thereafter

  • Life Cap Adjustment

5.00% over life of the loan

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Special Product Features: Separating Us from Them

  • 90% - 97% LTV
  • Lender paid MI
  • Borrower paid Mortgage Insurance either monthly or single payment
  • Choices between 4 MI Companies: Radian, Arch, MGIC & United

Guaranty

  • “Harmony Rate Reset” Feature

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Our CUSO Promotes Our Brand

  • Home Loan Alliance provides TPO originations through our

wholesale broker network with over 100 licensed lenders in Florida

  • HLA Title residential title agency provides mortgage closing for
  • ur members, brokers and other credit unions
  • Insurance products provided by our Wholly Owned Insurance

Service CUSO

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SLIDE 9

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SLIDE 10

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