We're fortunate to have Barclays as a strong and patient parent company, supporting our ongoing operations. While our product offerings have been challenged by the secondary market’s liquidity and we have been forced to reduce many of them, we and Barclays remain committed to the nonprime mortgage market. Together, we are dedicated to providing our mortgage brokers with excellent customer service and competitive mortgage products.

This quarter will be an exciting time at EquiFirst as we roll out several new mortgage products. Currently, we are finalizing our FHA approval and will soon be adding FHA to our program offerings.

In addition to program changes, we are also investing in and implementing new technology throughout our company.  This will include the much anticipated return of FastQual, the industry’s leading automated underwriting system. We’re updating pricing engines, revising our Web site and changing some of our current processes all in an effort to make your loan closings as efficient and seamless as possible.

In short, during these times of change and uncertainty, we are doing everything possible to ensure that we remain a reliable and consistent lending partner for you. Regardless of industry stability, our core goal remains the same: we want to be your preferred lender. As we say in our advertisement, we are Nonprime done right!