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Washington Mutual

520 South Main Street, Suite 2511
Akron, OH 44311

Tel. 800-882-4687
Fax. 724-935-7905
www.wamuloans.com\wexford

General Information

With a history dating back to 1889, Washington Mutual, Inc. is a financial services company committed to serving consumers and small to mid-sized businesses. Our operations serve customers in all 50 states. Through our subsidiaries, we engage in the following business activities:

Banking & Financial Services

Banking and Financial Services aims to be the bank of choice for middle-market consumers and small-and mid-sized businesses nationwide by delivering exceptional service in a welcoming environment. Our entire package of customer-driven products and services lets the customer decide how, when and where they want to do business with us, and includes:
* A Free Checking account and free Online Banking (standard service) that are truly free
* The opportunity to talk to our tellers and customer service representatives free
* Responsive, individual customer service that is provided to everyone

We currently serve more than 5.5 million households through multiple delivery channels, including more than 1,500 financial centers, 24-hour telephone and internet banking, and more than 2,300 automated teller machines in thirteen states. Washington Mutual also offers a wide range of business banking services and loan products through its business banking centers.

In 1999, Washington Mutual introduced "Occasio," a new concept in retail banking that combines Washington Mutual's proven sales and service culture with a contemporary retail look and feel. Its innovative use of technology, design elements and people converge to provide something that banks rarely deliver: an inviting customer experience. To date Washington Mutual has more than 100 Occasio financial centers in new and existing markets.

Financial Services

The Financial Services Group is comprised of WM Financial Services (WMFS) and the WM Group of Funds. WM Financial Services is a full-service brokerage firm specializing in helping individuals meet their financial goals. WMFS financial consultants and licensed bank employees assist clients in Washington Mutual's financial centers in thirteen states.

WMFS partners with mutual fund and insurance companies to offer a broad range of investment products, including those of our affiliated mutual fund family, WM Group of Funds. With more than $8.5 billion in assets under management in its mutual funds and asset management portfolios, the WM Group of Funds is one of the oldest mutual fund families in the United States, and is one of the most respected.

Home Loans & Insurance Services

Home Loans Washington Mutual's Home Loans Group is the nation's leading mortgage lender. The group services more than 4 million mortgage loans for customers throughout the United States and is the nation's largest mortgage originator and servicer. The Home Loans Group offers a broad array of single-family residential mortgage products in all 50 states and the District of Columbia. Customers are served through retail, wholesale, correspondent and consumer direct channels.

The Home Loans Group operates as both a mortgage bank and a portfolio lender. Its product line includes fixed rate loans, adjustable rate mortgages (ARM), government and jumbo loans, as well as prime and sub-prime mortgages (specialty home loans). The Home Loans Group's goal is to help our customers achieve the American dream of home ownership.

Insurance Services

Washington Mutual Insurance Services (WaMu Ins) is a full-service insurance agency providing competitively priced insurance products from a number of carriers to more than 600,000 customers in 41 states. The WaMu Insurance mission is "protecting what matters."

WaMu Ins supports the mortgage lending process by offering fire, homeowner's, flood, earthquake and other property and casualty insurance products. In addition, it offers service and support for a variety of other insurance products including mortgage life, accidental death, vehicle, life, home warranty and pet insurance. Customers can access WaMu Ins via telephone, mail and the Internet. WaMu Ins's home office is in Irvine, California.

Specialty Finance

Our Specialty Finance Group provides consumer finance and specialty commercial lending products under the Washington Mutual and Washington Mutual Finance brands.

Washington Mutual Finance Corporation offers direct consumer installment loans and real estate secured loans, and purchases secured retail installment contracts from local retail establishments. These consumer credit transactions are primarily for personal, family or household purposes. Washington Mutual Finance currently operates over 450 offices located in 24 states, mainly in the southeast, southwest and California.

The Specialty Finance Group was also the nation's #1 originator of multi-family loans in 2000. Commercial and multi-family real estate loans are offered to property owners and developers through 19 Washington Mutual commercial real estate offices in California, Colorado, Minnesota, Oregon, Utah and Washington.

The group also provides other specialty commercial lending in areas including residential builder construction, mortgage banker finance and syndicated finance.

Local Branch / Office Locations

 
ADDRESS TELEPHONE NO.

520 South Main Street, Suite 2511
Akron, OH 44311

12025 Perry Highway
Wexford, PA 15090

800-882-4687

FEES RELATED TO EACH LOAN

The following are fees related to a typical $175,000 purchase loan transaction in the Akron area, with this company. This does not include points, if any, nor does it include local taxes, prepaid interest payments or prepaid escrow payments for home insurance or real estate taxes. A more complete list, tailored to your specific loan transaction, entitled "Good Faith Estimate of Settlement Costs" should be provided to you when you actually apply for a loan. All fees are believed to be accurate, but cannot be guaranteed and are subject to change without notice.

 
Appraisal 275
Credit Report  
Application  
Inspection  
Document Prep/Review  
Underwriting  
Processing  
Flood Certification 16
Tax Service 76
Notary  
Settlement/Closing 200
Attorney  
Recording 125
Survey 150
Messenger/Courier  
Wire Transfer  
Administrative  
Mortgage Broker Fee  
Funding and Review 330
Payment Processing 200 (waived with auto deduct)
Title Ins. (lender's) 681
TOTAL $2,053

 

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