LOAN PROCESSING AGREEMENT

THIS LOAN PROCESSING AGREEMENT is entered into this ____ day of _________, 20___, by and between _______________________________, (hereinafter referred to as Broker), and Salvation Processing, Inc. (hereinafter referred to as SP).

WITNESSETH:

WHEREAS, Broker is in the business of originating and brokering mortgage loans; and

WHEREAS, SP is in the business of processing mortgage loans, and is interested in processing mortgage loans for Broker under the terms and conditions set out herein.

NOW, THEREFORE, the parties hereto agree as follows:

LOAN PROCESSING: Broker may, from time to time, submit loan applications it has originated to SP for processing. SP agrees to promptly and diligently process such loans in compliance with all applicable Federal, State and local laws and regulations, and will make every effort to see that all loan applications are fully processed to the extent that the Broker's chosen investor requirements are fully satisfied.

SP further agrees to provide to Broker with the following services as well as other services including, but not limited to the following:

a.    SP shall immediately, upon receipt of the electronically submitted and/or "Hard File", begin processing same for closing, which shall include the following: (I) preparation and delivery of initial good faith estimate; (ii) ordering verifications of employment, deposit, and rental or mortgage history; credit report updates and/or full RMCR (iii) ordering appraisal (iv) ordering FHA/VA case numbers; (v) entering data into LP/DU origination a system as directed by Broker (vi) ordering and assembling such other information needed to fully process the Loan; (vii) delivery of the Loan File, fully processed, to the Broker's investor, as the case may be, for final approval; (viii) scheduling of closing.

Broker agrees to keep SP updated of any changes in the policies and practices of their chosen Lender, so that all approvals will be obtained at the earliest possible time. SP will follow up with the underwriter until an underwriting decision has been made, and will assist the loan officer in satisfying all conditions so the loan will close as quickly as possible.

b.    If agreed by Broker, SP will order title work, surveys, hazard insurance, verifications or any other documents which may be required, from companies of Broker's choice.

c.    SP will assist the loan officer in coordinating the closing, will review the HUD-1 settlement statement, and will follow the closing through to funding; however, SP will assume no liability for errors or omissions of fees by any party, and Broker agrees to indemnify and hold harmless SP for any liability created by Broker, its agents or assigns.

d.    SP agrees to keep a good tracking record of all documentation for each loan, and to coordinate with Broker as to the status of all loans by providing a status report on each loan every week via fax, or e-mail.

BROKER REQUIREMENTS: Broker shall: (I) take and complete the application for the Loans, (ii) collect the Application fee, if applicable; (iii) pre-qualify the applicants for the Loans; (iv) pull tri-merge infile credit report; (v) collect W-2's, pay stubs, bank statements, tax returns (vi) designate which appraiser SP shall use and pay such appraiser directly; (vii) complete, and timely forward, the initial good faith estimate and required disclosures; (viii) deliver to SP within 1-2 business days of the Application, the Application together with all other documents and information referenced in this paragraph (collectively, the "Loan File"), to be processed by SP.

Broker is also responsible for the following: (I) choosing an appropriate investor for SP to submit the loan to; (ii) locking in interest rate with the investor (iii) gathering additional items from the borrower as outlined on the "additional items needed list" as provided by SP, (iv) verifying accuracy of closing fee sheet; (vi) forwarding all original documentation to SP or investor as requested.

LOAN PROCESSING FEE SCHEDULE: Broker agrees to pay a fee to SP for processing loans, said fee schedule is attached hereto entitled "Exhibit "A" and made a part of this agreement as if fully set out herein. Additional fees may, from time to time, be incurred on some transactions. Those fees are set out as follows:

Additional courier fees (present fees includes two courier fees.) $25.00
Any expenses to SP for credit reports, verifications or payoffs varies
Additional Lender Packages $20.00.
Submission to 2nd Lender $50.00

(Our fees are subject to change. In this event SP will first give Broker a minimum of thirty (30) days notice of any increase in our fees.)THE LOAN PROCESSING FEE WILL BE PAID TO SP, AT CLOSING, DIRECTLY FROM THE CLOSING AGENT, UNLESS ARRANGED OTHERWISE.

DISCLOSURES: SP assumes no liability for errors or omissions by all parties for failure to properly disclose the processing fees on the HUD-I or any other disclosures. Broker will be ultimately responsible for the loan processing fees due to SP, and securing all disclosing of these figures on good faith estimates, and verifying that the closing figures are accurate.

CONFIDENTIALITY: SP agrees to treat as "confidential" the identities of all borrowers, Lenders/investors and brokers, and all financial information submitted by borrowers whose loan applications are in process or were processed in the past. SP further agrees not to solicit, transfer, imply or convey any loan application information or Broker's business practice information to any other companies, individuals or third parties.

TERMINATION OF AGREEMENT: Either party may terminate this agreement at will, by notifying in writing and delivered by certified mail, any intention to terminate this agreement. If either party terminates this agreement, SP agrees to promptly deliver to Broker all loan applications currently being processed, and all files for loans that have closed, in exchange for any outstanding fees that might be due to SP.

INDEPENDENT CONTRACTOR: Broker acknowledges and agrees that SP is not an employee of the Broker, and further acknowledges SP is an independent contractor. SP may, from time to time, fill out order forms on behalf of the Broker in order to secure appraisals, credit reports, title insurance, surveys or other documents necessary to perform its processing obligations. It is understood and agreed that SP orders these documents as a courtesy to the Broker, and the Broker agrees to accept financial responsibility for any and all documents ordered in connection with the processing of their loan applications.

PARTIES FURTHER AGREE to take into consideration the needs of the other party and will discuss openly, issue per issue, those particular needs as they arise, but this in no way obligates the other party to amend this agreement unless those issues are mutually agreed upon.

THIS AGREEMENT: is to be considered the complete and final agreement between the parties. Any changes to the terms of this agreement must be in writing, signed by all parties and be made a part of this agreement by reference.

PARTIAL INVALIDITY: Changes made to this agreement by operation of law will not void the entire agreement, and the parties agree to abide by any parts of this agreement not affected until canceled by either party as described in Item 6 herein.

IN WITNESS WHEREOF, parties have entered into this agreement on the day and date first above written herein.

Broker:	Salvation Processing, Inc.
__________________________________ By:	__________________________________ By: Jane M. Root, President