Corporate Brochure

Contact Us:
Prospect Mortgage, LLC
15301 Ventura Boulevard, Suite D300
Sherman Oaks, CA 91403
(800) 778-9817
www.myprospectmortgage.com
This brochure is intended solely for real estate, builder and business professionals. It is not intended for use by or distribution to consumers, as defined by Section 226.2 of Regulation Z, which implements the Truth-in-Lending Act.
Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300,
Sherman Oaks, CA 91403. Prospect Mortgage, LLC (NMLS Identifier #3296, www.nmlsconsumeraccess.org) is a Delaware limited liability company licensed by the Department of Business Oversight under the California
Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; CO licensing regulated by the Division of Real Estate; Georgia
Residential Mortgage Licensee #16984; Illinois Residential Mortgage Licensee #MB.0006424; Kansas licensed mortgage company; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Mortgage Lender
Licensee #3296; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Operates as Prospect
Lending, LLC in NY located at 711 Westchester Avenue, Suite 304, White Plains, NY 10604 (Licensed Mortgage Banker – NYS Dept of Financial Services); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122;
RI Licensed Lender #20021343LL, Loan Broker #20041643LB; Washington Consumer Loan Company License – CL-3296. This is not an offer for extension of credit or a commitment to lend. Loans are currently being closed and
committed at the expressed rates, however these rates may change or may not be available at the time of your loan lock-in, commitment or closing. All loans must satisfy company underwriting guidelines. Interest rates and APRs
are based on recent market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value ratio, credit score and other
variables. Call for details. Terms and conditions apply. Additional loan programs may be available. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law. Rev 2.23.15 (0215-1918) LR 2015-78

Prospect Mortgage is…
One of the leading independent mortgage companies in the country.
An industry leader in purchase mortgage loans with dedicated associates
who serve homebuyers and real estate professionals nationwide.
No. 2 in the nation in the origination of 203(k) home renovation loans. 1
Among the top 20 originators of purchase loans nationwide. 2
A national network of Loan Officers who understand
their local real estate markets and have strong
relationships with their agent partners.
A top originator of FHA purchase and refinance loans.
A leader in innovation with marketing programs; efficient, results-oriented loan
processing; and Loan Officer-centric resources and infrastructure.
Social Media
Prospect Mortgage uses social media to build and engage with a community of prospects and fans. A dedicated
Prospect Mortgage Social Media team stays current on technology and strategy, implementing and maintaining
tools that benefit partners. Prospect Mortgage leverages all of the relevant platforms, such as Facebook, Twitter,
LinkedIn and Pinterest, featuring consumer pages, product videos and engaging in group discussions.
Prospect Mortgage’s social media platform includes more than 120,000
followers and its corporate Facebook page has more than 50,000 likes.
REAL Seminars
Prospect Mortgage’s Real Estate Agent Learning (REAL) program provides Real Estate Agent partners with free
business development tools and information covering their top strategic and tactical learning requests. The
multi-media curriculum includes live and on-demand webinars, videos and one-page, easy-to-read briefs.
1
As of December 2014, according to data published by the Department of Housing and Urban Development.
More than 20,000 Real Estate Agents nationwide are registered to
participate in Prospect Mortgage’s REAL Seminars.
2
Based on 2nd Quarter 2014 results, according to CoreLogic.
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Strategic Alliances
Prospect Mortgage has approximately 200 strategic alliances throughout the United States. The
Company has built long-lasting relationships with Real Estate Agent offices, including Century 21,
Keller Williams, RE/MAX and others with Prudential, Sotheby’s, Windermere, ERA and Coldwell Banker.
A Message from Mike Williams,
Chairman and Chief Executive Officer, Prospect Mortgage
Prospect Mortgage was founded in 2007 with a very simple mission:
create a purchase-loan-focused mortgage company that is nimble enough to
thrive in any market environment and can compete with the best companies in
the industry. Less than a decade later, that’s exactly what we have built.
From the beginning, Prospect Mortgage understood that the opportunistic and
cyclical nature of the refinance market did not present an enduring business
model for success. We knew that sustainable, long-term success required
building a results-oriented, purchase-loan business. We hired the right people,
made prudent investment decisions and developed the best relationships. The
goal has always been to be well positioned to take advantage of opportunities
in the purchase-mortgage space under a range of business conditions.
Through hard work and dedication to a purchase-mortgage-focused strategy,
Prospect Mortgage has built a business platform that we believe is sustainable
in any market environment.
In spite of the ever-evolving nature of the mortgage industry, we continue
to succeed and create value through a constant focus on building a stronger,
more efficient and cost-effective business platform. Even as we continue to grow,
our business model enables us to remain innovative and agile, letting us quickly
capture and execute on favorable market opportunities as they surface.
I invite you to learn more about Prospect Mortgage and our purchase-loan-focused
strategy in the following overview. Thank you for your interest in Prospect Mortgage.
Sincerely,
Mike Williams
Chairman and Chief Executive Officer
Prospect Mortgage
Table of Contents
Company Overview
Sales Overview
Renovation Lending
Builder Division
Sales Support
Operations
Marketing
Strategic Alliances
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8
11
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18
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Company Overview
Founded in 2007, Prospect Mortgage is a top 20 national home-purchase lender offering a full range of
quality home loans, including FHA and VA, conventional, jumbo, renovation, and more. It is backed by
Sterling Partners, a private equity firm with approximately $5 billion in assets under management and
offices in Chicago, Baltimore and Miami.
Direct Email Marketing: Rocket Fuel
Rocket Fuel is a powerful automatic email and print platform that allows custom-branded
marketing pieces and drip campaigns to be developed. Pieces can be custom tailored to each
Loan Officer and feature value-driven content providing the customer with news, knowledge
and advice, while keeping the names and phone numbers of Loan Officers in front of their
customers. Content includes:
• Economic Update is a weekly email that keeps business partners in the
loop about economic news affecting the real estate industry.
• Product Focus highlights loan programs and initiatives for Real Estate
Agents and consumers.
• Industry Insider provides valuable information to Agent partners about
breaking news and industry trends.
• Mind Your Money is a personal financial management email and HomeLine
provides homeowner tips. One email goes out each month, in rotation.
• Holiday eCard highlights national holidays and pastimes for consumers
and business partners.
In 2014, Prospect Mortgage funded more than
$685 million from direct marketing leads.
2006
Prospect Mortgage formed
by Sterling Partners.
2007
Prospect Mortgage, LLC,
acquires Metrocities
Mortgage, LLC.
2008
Doubled in size by acquiring
Indymac Bank’s retail
lending platform.
2009
Metrocities Mortgage, LLC,
took the name Prospect
Mortgage, LLC, uniting most
of its divisions under one name.
Prospect Mortgage, LLC,
operates as Prospect Lending,
LLC, in New York.
Purchased national call center,
strengthened loan quality and
compliance, built a strong
leadership team and secured
stable warehouse financing.
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Company Timeline
17

Local Loan Officers and Branches Nationwide
Loan Processing Center
in Schaumburg, Illinois
Headquartered in
Sherman Oaks, California
LICENSED TO LEND
IN 48 STATES PLUS
DISTRICT OF COLUMBIA
Loan Processing
Center in
Columbia, Maryland
Marketing
Prospect Mortgage’s marketing infrastructure is based on client retention. At its foundation is the
exclusive Rocket Fuel Marketing Portal, which provides FREE, customized and unlimited automated
emails for all Loan Officers and their partners. Clients love the content because it’s relevant,
valuable and cutting-edge.
Major Processing, Lending
and Builder Center in Irving, Texas
National Branch Platform
Headquartered in Sherman Oaks, California, and with branches throughout the United States, Prospect Mortgage
has focused its growth strategy on establishing local offices in the strongest and most stable residential real estate
markets in the country. The company’s nationwide local branch offices have thrived by building strong and mutually
productive business relationships with each market’s top real estate professionals. By investing time, energy and
resources into growing these local networks, Prospect Mortgage has built one of the most extensive purchase loan
branch platforms in the country.
Other provided marketing content includes:
National TV Commercial
The Prospect Mortgage Dream Remodel television commercial has aired nationally. It, along with all other
advertising tactics, leverages sophisticated lead tracking software that seamlessly captures leads and sends
them immediately to Loan Officers.
Lead Generation
Prospect Mortgage leverages an integrated mix of online advertising to capture the contact information of
interested, potential borrowers. Once obtained, that information is immediately sent to a Loan Officer in the
potential borrower’s property area, who quickly follows up and attempts to close a loan. When leads are
assigned to Loan Officers, they receive both a text alert and an email within seconds of receiving the lead.
2011
Enhanced credit risk,
loan quality, compliance
protocols and drove
profitable production growth
and deepened customer and
partner retention.
2012
Mike Williams, former CEO of
Fannie Mae, joins Prospect
Mortgage Board as Chairman.
Mortgage Executive Magazine lists
Prospect Mortgage No. 4 out of
the top 100 closely held mortgage
companies, with an estimated
volume of more than or approximately
$8 billion and 31,000 loans.
2013
Successfully completed an
unsecured $150 million
bond offering.
Launched correspondent lending.
2014
Mike Williams named
Chairman and CEO.
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5

“
From the beginning, Prospect Mortgage understood
that sustainable, long-term success required
”
building a results-oriented, purchase-loan business.
Information Technology
Prospect Mortgage’s technology platform, infrastructure and support team provide an efficient, reliable and effective
environment in which to originate loans. The Company’s customized lead management platform and automated
e-marketing system seamlessly move prospective clients from a lead to an applicant to a customer and to a satisfied
customer. Our loan origination system accommodates a range of programs and up-to-date compliance requirements.
Loan Servicing
Prospect Mortgage’s servicing platform creates a consistent experience for the customer. Our servicing portfolio provides an
added level of financial stability and revenue diversification for the Company.
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Operations
Having a strong core infrastructure is about technology, process and people. Prospect Mortgage
is continually working to ensure consistent and reliable service to our customers and clients. Our
investments in technology are designed to dramatically improve our efficiency and effectiveness.
This includes implementation of the latest technology solutions for our loan origination systems,
customer relationship management platforms and our mobile-computing environment.
Prospect Mortgage’s Operations Team:
1
2
3
Is led by executives with nearly three decades of sales experience who provide a sales-centric
approach to processing loans.
Is vertically integrated and decentralized, which enables our teams to have local market knowledge.
Possesses a strong belief in sustainable homeownership and an understanding of the difference
between a house and a home.
Our team-oriented approach to loan processing has redefined and streamlined workflows. This approach fosters and
demands better communication with all parties in the lending process in order to shorten loan-processing timelines
and deliver reliable closings.
Prospect Mortgage’s Operations platform and infrastructure let us take full advantage of our value proposition.
Highly successful compliance, capital markets, information technology, correspondent lending and servicing teams
complement these loan-processing capabilities.
Legal and Compliance
The operating environment in the mortgage industry has never been more complicated. Understanding and operating
within the myriad state and federal lending requirements is now a critical capability of any company originating
mortgage loans. Prospect Mortgage provides its Sales and Operations teams the tools and resources needed to be
successful in this environment — from continually monitoring compliance and regulatory requirements to providing
ongoing training and education, adhering to fair lending laws and best practices.
Capital Markets
Prospect Mortgage’s Capital Markets team has the experience, relationships and market presence to provide optimal
pricing on a range of mortgage products. The Company’s past market performance and financial strength allow for a
range of pricing options and products that smaller companies cannot match.
38%
Mortgage
Industry
68%
Prospect
Mortgage
PERCENTAGE
OF PRODUCTION
FROM PURCHASE
LOANS 1
A Proven Strategy:
Own the Purchase-Loan Market
From Prospect Mortgage’s initial founding, its leadership has understood that long-term
sustainability in the mortgage industry required creating a purchase-loan-focused platform
that was nimble enough to react to changes in the market and strong enough to thrive in any
rate environment. Prospect Mortgage has consistently outpaced the industry in terms of the
percentage of its loan production that comes from purchase loans.
68% of Prospect Mortgage’s loan production is from
purchase loans vs. 38% for the industry as a whole. 1
While other companies chase interest rate-driven loan production, Prospect Mortgage focuses
on building the relationships and infrastructure needed to support a long-term, purchase-loanfocused
business strategy. This strategy has positioned Prospect Mortgage extremely well as
rates have risen from historic lows.
A Clear Strategy
Prospect Mortgage’s strategy is based on four fundamental themes: (1) Strengthen our core
infrastructure and focus on our value proposition, (2) Grow organically to take advantage of
changes in the marketplace, (3) Pursue acquisition opportunities to strategically expand our
business, and (4) Be steady and strong stewards of the business, disciplined in our financial
processes and controls, transparent in our regulatory affairs, and standard-bearers for a
compliant and ethical culture.
A Strong Leadership Team
The most experienced and accomplished originators find a culture of success at Prospect
Mortgage, along with the mortgage industry’s top minds in sales management, information
technology, marketing, operations and product development. Prospect Mortgage’s Leadership
Team is comprised of many former loan originators who understand firsthand what a sales
force needs to succeed.
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1
Based on Mortgage Bankers Association and internal data for total originations from 2012 through Q3 2014.
7

Sales Overview
As a Loan Officer-centric company, where many of our top executives started their careers as topproducing
Loan Officers, Prospect Mortgage understands that the right tools and resources are
integral to the success of its sales force. The Company is dedicated to providing its Loan Officers
with the very best sales support, training and mentoring.
“After learning about how Prospect
Mortgage’s parts all work together…
the amazing leadership, the company
culture, the vision and opportunities,
Prospect Mortgage was the clear choice
for me. The challenges ahead are true
but exciting, and I look forward to being
a part of a winning team.”
Greg Adelman
Branch Manager, NMLS #242697
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Loan Officer Advisory Board
(LOAB)
Comprised of top-performing Loan Officers and sales leaders, Prospect Mortgage’s
LOAB provides unfiltered feedback to the Company’s leadership that directly
impacts programs and initiatives that support the Company’s Loan Officers. These
initiatives are inspired by Loan Officers for Loan Officers.
VIP Program
Prospect Mortgage’s VIP Program provides top-performing Loan Officers with
enhanced services and operational support. The goal is to let these producers
focus on what they do best: originating new loans. This personalized service gives
top-producing Loan Officers the high-touch service they need to get questions
answered and the help their customers need.
“Prospect gives me the tools to succeed.
They listen to Loan Officer’s ideas and
concerns, and are agile enough to make
changes to support our needs. Check!”
Brian Minkow
Senior Vice President, NMLS #256638
No. 1 Producer
President’s Club
“Prospect’s culture and leadership are
unmatched by any other Company.
The strong leadership and operational
support, combined with our cuttingedge
marketing services give me
the confidence that my business will
continue to grow.”
Indu Kapoor
Senior Residential Mortgage
Loan Originator, NMLS #296179
President’s Club
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Top 3 Reasons for Joining Prospect Mortgage
Here are the three main reasons high-performing mortgage professionals give for joining Prospect Mortgage:
Sales Support
Ensuring our Sales team has the products, resources and operations support they need to be successful
is the top priority at Prospect Mortgage. From the moment new Loan Officers join the Prospect
Mortgage family and through every loan application they submit, our entire corporate infrastructure
is designed around their success. Prospect Mortgage has developed several innovative programs and
services to directly support Loan Officers in their work.
Powerhouse Recruiting
1
2
3
Strength of the Operations
Experience of the Leadership Team
A strong corporate culture
Prospect Mortgage’s team of internal recruiters attracts the industry’s top talent by highlighting the Company’s
superior support and service, and demonstrating Prospect’s value proposition in the marketplace.
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Onboarding
Once new team members join Prospect, a dedicated acclimation team ensures that they have what they need to
make their transition as smooth and seamless as possible.
Training
Prospect provides the sales team with customized training materials to promote continuous improvement and access to:
On-going Sales Support
Prospect Mortgage’s sales team is exactly that — a team. Sales team members receive on-going support to help
them succeed, including weekly Moore Power Hour Sales calls, during which sales and real estate experts provide
insight on best practices and recommendations for building business, and bi-weekly BRIEF Branch meetings, where
the sales teams motivate each other and share Company and program updates.
Company-sourced leads and alliances are a strong driver of new business,
providing more than 30 percent of Prospect’s purchase transactions.
Prospect Mortgage Affinity Programs
Prospect Mortgage Affinity programs offer a range of benefits for partnering organizations, including:
• Cash back on mortgage transactions*
• Cash back on real estate transactions**
• Free moving concierge services through Kandela, which provides clients with a personal concierge who
coordinates many of the tasks on the homebuyer’s moving to-do list
*Borrowers are eligible to receive a $750.00 gift card for a purchase loan transaction and $500 for a refinance transaction; after a loan closing secured by a first mortgage or deed of trust with Prospect
Mortgage (“New Loan”), subject to qualification, approval and closing. This promotion is available for conventional conforming loans, including those guaranteed or insured by Fannie Mae, Freddie
Mac, and FHA. This promotion cannot be redeemed with any other promotion, discount or rebate. Only one award per new loan. This promotion is void where prohibited and is not transferable, subject
to the terms therein and is subject to change or cancellation with no prior notice. See complete details here: http://www.myprospectmortgage.com/disclosure_v8.asp.
**Prospect Home Rewards (Program) is offered by Home Buyers Marketing II, Inc. (HBM2), a licensed real estate company. If you are already legally represented by another Real Estate Agent, this is not
a solicitation. In order to qualify for the benefits offered by HBM2 in its Program you must be continuously enrolled in the Program, and you must close your real estate transaction with a real estate
agent directly affiliated with the Program. If a rebate is offered via the Program, that rebate amount will be based on the actual, final sales price of the subject property, with a minimum final sales
price of $75,000 to qualify. Properties subject to a short sale are not eligible for benefits under the Program. The benefits offered under the Program may not be available in all areas or may be subject
to restrictions in your area. Call (888) 427-7435 or talk with your assigned real estate professional to find out what benefits are available in your area.
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Everything your clients need
In a time when other companies have dramatically pulled back their lending operations or gone out
of business, Prospect Mortgage is actively engaged in the communities it serves.
Prospect Mortgage has the ability to meet the diverse needs of customers with loan programs for firsttime
buyers, growing families, investors, retirees, empty-nesters, vacation homebuyers and everyone
in between. As the No. 2 renovation lender in the nation, we also provide options for consumers who
want to purchase a home and desire extra financing for needed repairs and upgrades.
More loan choices mean more opportunities for buyers to make an offer, secure financing and set a
closing date for their home.
With Prospect Mortgage, Loan Officers have multiple
options to help clients meet their needs:
CONVENTIONAL LOANS
PROSPECT MORTGAGE’S NEW
OPPORTUNITY FHA LOANS
FHA LOANS
JUMBO AND SUPER JUMBO
AGENCY CONFORMING
Up to 97% maximum* financing available.
An FHA loan with as little as 3.5% down payment for buyers with credit
scores from 580-639**.
A great choice for first-time homebuyers, buyers with little down payment,
or with less-than-perfect credit.
Ideal for borrowers who require higher loan amounts.
Fixed and adjustable loans, great for nearly every borrower.
PROSPECT MORTGAGE
IS THE NATION’S
SECOND-LARGEST
FHA 203(K)
RENOVATION LENDER.
Renovation Lending
Prospect Mortgage’s renovation financing options open up opportunities for homebuyers
who want to purchase a property that needs work, and let current homeowners make home
improvements through a refinance. Anyone planning to purchase or refinance a primary
residence, vacation home or investment property in need of renovation is eligible to apply.
Qualified customers can choose a loan based upon the appraised value of the home after
improvements are made*. The loan includes all of the costs of minor and major repairs,
additions and renovations, plus the purchase price or existing home loan balances, minus
the required down payment or current equity in the home.
Renovation loans let homebuyers receive additional money through purchase or refinance to
make needed repairs or renovations and include the costs of repairs or improvements in the
home purchase or refinance loan. The value of the home after the improvements is used to
underwrite the loan and the costs of the renovations are included in the mortgage, which can
increase the amount a qualified homebuyer is able to borrow at the time of purchase.
With a renovation loan, that dream kitchen can become a reality, or that fixer-upper in the
right neighborhood becomes a real opportunity.
New Construction – Builder Division
Prospect Mortgage’s New Construction Division has assembled a team with subdivision and
condo-construction experience to support homebuyers, homebuilders, developers, and Real
Estate Agents in an improving new construction market.
Whether clients are building a residential subdivision or condominium project, Prospect
Mortgage’s Builder Division has the product lineup, experienced leadership, operations
support and dedicated and trained Loan Officers to help them build and sell more homes.
• Extended rate locks** during construction to provide buyers peace of mind
and mitigate pipeline fallout
• New Construction-experienced appraiser team
• Unique daily reporting capabilities for all prequalifications and loan pipelines
• Condo project approval services
• Non-warrantable condo solutions for new condominium projects
• A wide range of services designed for new home communities
VETERAN’S ADMINISTRATION (VA) LOANS
USDA RURAL FINANCING
STATE AND LOCAL BOND PROGRAMS
INVESTMENT PROPERTY LOANS
203(K) RENOVATION LOANS
Perfect for active and reserve military; spouses may also qualify.
Homeownership opportunities for moderate-income rural buyers***.
Perfect for buyers with little down and wanting down payment/closing cost help.
The current market has many investment opportunities, and we can
provide the financing.
Great financing choice for those buying a home in need of renovation.
*For 203(k) purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or the after improved value, times the maximum LTV. For refinance transactions the maximum
loan amount is the lesser of the property value before renovation + renovation costs or 110% of the after improved value, times the maximum LTV. Loan amount must be within FHA county loan limits.
For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of sales price + renovation costs or 100% of the after improved value, times the maximum LTV allowable. For
refinance transactions the maximum loan amount is the lesser of the property value before renovation + renovation costs or 100% of the after improved value, times the maximum LTV. HomeStyle® is a
registered trademark of Fannie Mae.
**Extended rate locks may require a rate add-on and an up-front lock-in fee. A portion of the up-front lock-in fee may be refunded at closing. The refund amount is dependent upon the rate lock
commitment period and rate add-on. For a float down fee, homebuyers can exercise a float down within 60 days of closing.
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*3% down payment allowed on purchase of 1-unit primary residences only, conforming loan limit of $417,000 applies in most areas. Eligibility for 3% down payment also includes a first-time
homebuyer requirement and homebuyer education and counseling may be required.
**For primary residences, maximum loan amounts per FHA county loan limits and homebuyer education course required.
***For primary residences only, property must be in a USDA eligible area for all purchase transactions, and income restrictions may apply. Homebuyer counseling may be required. Other restrictions may apply. 11