COMPANY OVERVIEW

Vanguard Mortgage & Title, Inc. has a growing number of founding partners around the country who originate mortgage loans of all types from FHA and VA to conforming and jumbo conventional to commercial loans. Vanguard’s corporate headquarters are located at:

7921 South Park Plaza, Suite 100
Littleton, CO 80123

Vanguard Mortgage & Title, Inc. is a recognized FHA, VA, FNMA, and FHLMC approved lender. The Chief Executive Officer is Michael G. Knight, one of the industry's true visionaries. Vanguard is presently licensed in 38 states and has applications pending for licenses in most of the remaining states.

The owners and managers of the Greenbelt Office of Vanguard Mortgage are also founding fathers of the corporate entity and own stock in the corporation both locally and nationally. We offer a complete range of Federal Housing Administration (FHA), Veterans Administration (VA), Federal National Mortgage Association (FNMA), conventional conforming and jumbo loans products for home purchase, home construction, home refinancing, and construction to permanent loans, as well as commercial loans.

The Greenbelt Office serves as Vanguard’s clearing house for all reverse mortgage loans throughout the United States.

The four founders in Greenbelt have over 130 years of combined experience in mortgage banking. They are:

• William S. “Bill” Steed, Founding Partner and Managing Director
• Linda L. Logsdon, Founding Partner and Regional Area Underwriter
• Helen M. Kidwell, Founding Partner and Virginia Branch Manager
• Thomas E. “Tom” Davis, Founding Partner and Maryland Branch Manager

The Chester Office is located on Kent Island at 102 Chester Village, Chester, MD 21619. Our local telephone number is 443-249-0611.

The Greenbelt Office is located at 7229 Hanover Parkway, Suite “C”, Greenbelt, MD 20770 within the Hanover Office Park. The local telephone number is 301-313-9100 and the toll free number is 1-888-866-3284.

The Reverse Mortgage National Division for all Vanguard offices throughout the United States is also located in Greenbelt, Maryland. Over the past eleven years, the Greenbelt Reverse Mortgage Division has provided reverse mortgages to thousands of clients throughout its lending area. We are currently licensed to do reverse mortgages in the following states: Maryland, Virginia, Delaware, North Carolina, Tennessee, Alabama, Florida, Georgia, West Virginia, Colorado, Utah, and Washington, DC. States will be added as we expand throughout the United States.

Vanguard Mortgage & Title, Inc. is an active member of the National Reverse Mortgage Lenders Association (NRMLA) located in Washington, D.C.

These are Vanguard Reverse Mortgage Division key personnel who will be involved in your reverse mortgage:

• Tom Davis is the Branch Manager for the Chester and Greenbelt, Maryland, offices. He is one of the founding partners and owners of Vanguard Mortgage & Title, Inc. You may contact Tom Davis directly at 301-526-0699 or 1-888-TOM-DAVIS (toll free), or by email at Tom.Davis@Vanguardco.com.
• Meryl Cullom may be contacted directly by telephone at 301-704-0193 or by email to Meryl.Cullom@Vanguardco.com.
• Scott Davis is located in Mobile, Alabama, and services clients in Alabama, Florida, and Georgia. He can be contacted directly at 1-251-721-0470 or Scott.Davis@Vanguardco.com.

Tom Davis requires and provides ongoing training for each of our reverse mortgage loan consultants and support staff. They are dedicated to serving you. We work together as a team--a Reverse Mortgage Team--with high standards of honesty, integrity, ethics, and professionalism. We are here to serve and care about our clients financial health.

National Reverse Mortgage Lenders Association (NRMLA)

Code of Conduct:

All employees of Vanguard Mortgage & Title, Inc. who are in any way involved with reverse mortgages are mindful that the soundness, usefulness, prosperity, and future of the reverse mortgage industry depends upon the honor and integrity of all persons engaged in the business.

Each employee of Vanguard Mortgage agrees to observe and maintain the following standards of conduct in dealing with the senior community and their families:

1. Encourage clients to discuss the loan transaction with family members and/or other trusted advisors.
2. Inform clients at no charge about all reverse mortgage programs and assist each client to determine the program most suitable for his or her needs.
3. When estimating potential reverse mortgage benefits, clearly and accurately identify all costs.
4. Take reasonable steps to check out the background and procedures of third parties before accepting referrals of business from them, and refuse to accept referrals from those that are found unacceptable. Employees shall disclose to clients any third party with a financial interest in the reverse mortgage transaction.
5. Not imply to a borrower that he or she is obligated to purchase any other product or service offered by the member or any other company in order to obtain a reverse mortgage.
6. Pay all loan proceeds directly to the borrower, except to retire existing debt, pay a contractor from the borrower's repair set-aside account, or pay property taxes or hazard insurance premiums from the borrower's set-aside account for taxes and insurance.
7. Employ individuals who have passed a background check, passed a drug test, and are found to be of good moral character.
8. Report any suspected violations of the Code of Conduct to the National Reverse Mortgage Lenders Association, and cooperate with all their investigations.
9. Make a good-faith effort to resolve concerns received from clients about a reverse mortgage transaction.

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