A news release for
a mortgage lending company

Visionary Mortgage Lender Looks To the Future by Taking Risks on Self-Employed, Part-Time and Other Non-Traditional Workers

IRVINE, CA: Many Americans who fought for a foothold in the corporate jungle during the 1980s found themselves shifting to an entrepreneurial outlook in the 1990s, as technology made it easier - and downsizing made it necessary -- to start home-based businesses or work non-traditional shifts. While making a living outside of the formal corporate structure is an ideal way to reduce stress and spend more time with the kids, it can also create chaos for your credit. Self employed workers who want to finance first homes or refinance existing ones have come face to face with the hard reality of non-traditional employment--getting a loan is next to impossible without a steady paycheck.

"Astute lenders need to be aware of the trend toward non-standard employment," according to Len Hamilton of Sea Breeze Mortgage Services, an Anaheim, California-based lender that recognizes the need for flexibility and innovation. "Self employment has increased by 74 percent since 1975. In traditional lending terms, these people wouldn't be considered a good risk. We recognize that things are headed in this direction, and we can no longer evaluate all our loan applications simply by the regularity of paycheck stubs."

Sea Breeze launched a strategic growth plan in 1995 that in four short years has produced several new offices and expanded expertise in not only the resale mortgage market, but in REO loans, builder tract loans, home equity loans, auction financing, and consumer direct banking. The company, which is licensed in 45 states, has seen its real estate loans increase more than tenfold between 1995 and mid-1998.The partners attribute this explosive growth to the company's innovative lending strategies and low-hassle lending programs.

"We constantly work to make the process painless for borrowers," says Hamilton. "We offer ten-day loan closings, and in many cases, will accept bank statements instead of tax returns to document income. We understand that people live and work differently than they did in previous generations, and we pride ourselves on our ability to adapt to that."

The innovation of Sea Breeze Mortgage Services was recognized by the Anaheim Chamber of Commerce when the company received the the Chamber's "Business of the Year" Award ion 1996. Since then, the scope of the products and services offered has continued to expand.

One of Sea Breeze's most unique and creative endeavors is its daily television show seen on The Business Channel, "The Mortgage Minute" hosted by Roger Schlesinger, the company's Los Angeles manager. The show has generated remarkable response, and is only a small part of partners vision for the future.

"Like any bank or loan company, we believe in helping hard working people,"the partners add. "Our goal is to serve as many of them as we can by providing flexible and dependable service with a wide selection of options that may not be available elsewhere. After all, isn't taking risks what it's all about?"