Residential Mortgage Outsourcing for Depository Institutions

   ... AURORA FINANCIAL GROUP, INC.

            AND our OUTSOURCING DIVISION...

Aurora Financial Group, Inc. is one of New Jersey's largest and oldest licensed full-service Mortgage Banking Companies.  Aurora's Outsourcing Division provides a wide menu of residential mortgage outsourcing services to depository institutions.  Through the Outsourcing Divisions' Level I and Level II programs the Bank can outsource all of their mortgage banking activities to Aurora, or only one or a combination of functions and products. 

   ...OUTSOURCING THE RESIDENTIAL

              MORTGAGE BUSINESS...

• FEE INCOME.... The bank earns fee income for every closed loan sold to Aurora. 
• FIXED EXPENSE REDUCTION/ELIMINATION....  The bank can eliminate or reduce the fixed expenses and overhead associated with a business whose bottom line is often dependent upon interest rate driven volume fluctuations.
• ASSET/LIABILITY MANAGEMENT....  Since Aurora facilitates and manages all secondary market relationships, the Bank can eliminate the need to invest in the human and system resources associated with selling all, most, or some of its loans into the secondary market.      This allows the bank to offer it's customers a full range of fixed and adjustable rate mortgages products.
• EARNING ASSETS....  The bank can generate earning assets since Level I and Level II programs are also available for portfolio loans.
• REGULATORY COMPLIANCE.... The bank can rely on a regulated Mortgage Banker, whose only business is residential mortgages, to stay current on the compliance aspects of this heavily regulated business.
• TECHNOLOGY/INTERNET ACCESS.... Aurora's staff of Loan Officers and Processors are supported by the latest industry technology.  State of the art computer hardware and mortgage software expedites the processing and closing stages... ...this assures the Bank's customers PROMPT, COURTEOUS, and ACCURATE SERVICE.

Aurora has been providing Banks with a profitable way to offer mortgage products and services for over 10 years.  Find out for yourself why, and how, so many Banks use Aurora to boost their bottom lines.