Starting 2010

Starting 2010

January 14, 2010

We are proud of Southwest Fundings performance in 2009. The Company responded to the challenges of the real estate market by relentlessly focusing on the future and operating Southwest Funding with discipline. With the talent and dedication of our people, we funded more mortgage loans this year than in recent years past. The company has a more focused and productive loan originator base now which resulted in a 19% growth over 2008 in funded mortgage loans. We were able to accomplish this even after narrowing the originator base by over 200 employees and focusing more on our producers.

I want to thank our more than 400 employees for their tremendous contributions. Our people continue to bring the expertise and necessary skills that set us apart in the marketplace.

Top performers view economic downturns as an opportunity to strengthen their position in the marketplace and outperform their competitors. Many of our retail mortgage branch offices are stepping up to the task and taking advantage of the current economy. We have done such at the corporate office as evidenced by this years great success. We are providing more mortgage tools and resources in the coming months to accomplish the tasks required of you. We will help you navigate through the flood of industry changes and rules put in effect. This will give you the advantage and allow you to what you do best – originate and close mortgage loans.

Mortgage industry uncertainty will continue into 2010 but you can use this as an advantage as the others look to Southwest Funding to set their own policies and procedures. We have expanded our presence with more and more offices being opened outside of Texas. Our corporate office staff is growing as we add several more employees in the coming months to support our retail mortgage branch offices and their growth.

Most important the investments made in 2010 are in our people. We are thrilled to replace our previous in house lender Overland Mortgage with the new Southwest Funding Banking Division. The Banking Division is making huge strides every month to handle new business and was the #1 lender in funded loan volume for the 4th quarter 2009. The Banking Division is in position to handle all company production volume whether you choose to bank or broker your loans.

The economic environment will be challenging, but the opportunities will be greater as weaker mortgage net branch type companies continue to fail. We will respond as we always have by making the right decisions for Southwest Funding and you. Through careful planning and superior execution, we will continue to be the industry leader in mortgage originator opportunities.

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