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Docmagic Closing documents for Correspondents

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					                               Correspondent Mortgage Lending
Procedure


Docmagic Closing Documents for Correspondents

Correspondents will need to get setup with one of our approved document
providers, Docmagic, IDs or Docutech in order to produce Bank of Internet’s
Jumbo Portfolio Product closing documents.


    1. The website for Docmagic is https://docmagic.com/

Docmagic Systems, Inc
20501 S Avalon Blvd, Suite B
Carson, CA 90746
Phone: (800) 649-1362
Fax: (800)564-1362
Email: info@docmagic.com


Interest Only ARM’s

5/1 LIBOR I/O           51LIBIO
5/6 LIBOR I/O           56LIBIO

Libor ARM’s

5/1 LIBOR               51LIBOR
5/6 LIBOR               56LIBOR
7/1 LIBOR               71LIBOR
7/6 LIBOR               76LIBOR
10/1 LIBOR              101LIBOR
10/6 LIBOR              106LIBOR

    2. The website for IDS is www.idsdoc.com

To get set-up with IDS contact:

Mark Mackey
IDS, Inc.
800-554-1872 ext. 133
mark@idsdoc.com
                                                                    Page 1 of 3
Bank of Internet USA
Announcement Date: July 26, 2011
Change Date: July 26, 2011
Effective Date: September 5, 2011
                               Correspondent Mortgage Lending
Procedure


The documents are automatically set-up in the system currently for any
company that has an IDS account. There are no special requests that need
to be made to access them once your account is set-up.
See below all the loan programs available in IDS for BOI.

Interest Only ARM’s

5/1 ARM Interest First Libor 3530-3187 1 Year Index (FNMA)
5/6 IO ARM LIBOR 3520-3138 6 Month Index (FNMA)

Libor ARM’s

5/1 ARM Libor 3528-3187 1 Year Index Non-Convertible (FNMA)
5/6 ARM Libor 3520-3138 6 Month Index (FNMA)
7/1 ARM Libor 3528-3187 1 Year Index Non-Convertible (FNMA)
7/6 ARM Libor 3520-3138 6 Month Index (FNMA)
10/1 ARM Libor 3528-3187 1 Year Index Non-Convertible (FNMA)
10/6 ARM Libor 3520-3138 6 Month Index (FNMA)


    3. The website for Docutech is www.docutechcorp.com

To get setup with DocuTech contact:

Customer Support
1-800-497-3584 option 3
Fax: 208-523-1523
support@docutechcorp.com


All programs are available upon account setup or are currently available for
existing clients of DocuTech.

Interest Only ARM’s
100050     5/1 LIBOR ARM Interest Only for 5 Yrs. - JP51IO - 6/2/6
100061     5/6 LIBOR ARM Interest Only for 5 Yrs. - JP56IO - 6/1/6


Libor ARM’s
                                                                     Page 2 of 3
Bank of Internet USA
Announcement Date: July 26, 2011
Change Date: July 26, 2011
Effective Date: September 5, 2011
                               Correspondent Mortgage Lending
Procedure

100052          5/1 LIBOR ARM - JP51 - 6/2/6
100057          5/6 LIBOR ARM - JP56 - 6/1/6
100055          7/1 LIBOR ARM - JP71 - 6/2/6
100058          7/6 LIBOR ARM - JP76 - 6/1/6
100048          10/1 LIBOR ARM - JP101 - 6/2/6
100059          10/6 LIBOR ARM - JP106 - 6/1/6


    1. Please note that the Floor Rate is = start rate.
    2. The Jumbo Portfolio Products all have a 1 year Soft
       Prepayment Penalty (except for States that do not allow
       prepays)
    3. Note CA HPML loans are only allowed to have a 2.0%
       Prepayment Penalty.
    4. All loans are 360 month terms.
    5. Interest only option for 5 years
    6. Margin 2.75
    7. The Caps on the 1 year index are 6/2/6 (Initial/Periodic/Life)
    8. The Caps on the 6 month index are 6/1/6 (Initial/Periodic/Life)




                                                                Page 3 of 3
Bank of Internet USA
Announcement Date: July 26, 2011
Change Date: July 26, 2011
Effective Date: September 5, 2011

				
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