Core Mortgage Group, LLC Selects Guardian Mortgage Services to Provide Outsource Fulfillment Services for Back Office Operations

Business Wire, May 28, 2008

Broker turned banker uses proven mortgage fulfillment provider to continue growth strategy in challenging market

DENVER -- While some lenders are closing their doors or downsizing divisions, Scottsdale, Ariz.-based Core Mortgage Group, LLC, has made a commitment to grow by selecting Guardian Mortgage Services (GMS) to provide closing and post-closing services to support its retail operations. GMS, a national provider of back-office outsource closing services for lenders, is a division of Colorado-based Guardian Mortgage Documents (GMD), a leading provider of document preparation and customized outsourced solutions to the national financial services industry.

Core Mortgage's "planned growth" approach has helped the company build a solid experienced and successful broker business since it started in 2004. It started funding loans as a licensed mortgage banker in January of this year. In fact, the broker/banker was one of only a handful of companies in Arizona to receive a line of credit during the second half of 2007.

"Our goal is to become a one-stop shop for financing, including residential, commercial, hard money and private money," said George P. Bauder, founder and CEO of Core Mortgage Group. "We can do this with our four solid cornerstones, honesty, integrity, service and expertise."

GMS, which has provided outsourcing services since 1998, was referred to Core Mortgage by a warehouse lender that helps small, inexperienced companies break into the lending arena.

"With the state of the mortgage industry, we wanted to minimize our amount of risk while keeping costs down," said Matt Trainor, secondary marketing director. "We decided to develop relationships with companies such as Guardian Mortgage Services that have a market-proven track record and are in the industry for the long haul and are committed to helping us meet our long-term strategic objectives. We take tremendous pride in our integrity, resources and ability to provide the best possible customer service for our clients, including scenarios to meet their unique business needs. To do that, we structure our business around solid relationships with vendors and customers."

Core Mortgage has 72 employees, including 45 highly-experienced loan officers in three branches in Arizona. The company is licensed in several Southwestern states and plans to expand only as needed, not just for the sake of continued growth.

"We are looking for additional residential and commercial loan officers with at least two years of experience who have a strong understanding of the mortgage industry and what it takes to be successful," said Paula Nichols, director of sales and operations. "With Guardian, we can keep fixed monthly costs to a predictable minimum, as we incur a fee only for loan related activities. GMS' one hundred percent variable cost model empowers Core Mortgage with stability and predictability in today's challenging market."

Entering its tenth year, GMS has offered customized solutions that maximize profits for its customers. Currently, GMS provides back-office outsource services to state, regional and national lenders that leverage the experience and industry acumen of GMS to more efficiently manage their bottom-line while they grow.

"Founder and CEO of Core Mortgage Group, George Bauder, has a solid and well respected reputation in the industry; one that is based on integrity, sound business decisions and always taking care of the customer," said Tim Anschutz, vice president of marketing for GMD. "And because he adheres to these guiding principles, people enjoy doing business with Core and his business continues to be successful year after year. We appreciate and respect his approach to business, and we look forward to building a long-lasting relationship with him and Core Mortgage."

About Core Mortgage

Core Mortgage Group successfully made the conversion from mortgage broker to mortgage banker in January of 2008. The philosophy of the banking channel is to originate and fund only quality conforming, jumbo, and government loans. Core Mortgage originates, invests, directly funds and brokers real estate loans on properties located primarily in Arizona although the company does consider loans in other states. All loans are either underwritten directly by the end investor, or sent to a contract underwriting company for review.

For additional information about Core Mortgage, call Matt Trainor, Secondary Marketing Director or Paula Nichols, Director of Sales and Operations (480) 993-3000.

About Guardian Mortgage Documents

Lakewood, Colorado-based Guardian Mortgage Documents (GMD) is a leading provider of document preparation, professional services and fully customized outsourced solutions to the national financial services industry.

Since 1987, GMD's products and services have been built on best-of-class technology designed to provide an inventory of scalable and flexible multi-product capabilities, which can be customized to deliver elegant client solutions. From simple document preparation to fully integrated and customized workflow solutions, GMD technology streamlines all processes to increase efficiencies.