Home Trust

Home Trust: A Canadian Sub-Prime Mortgage Pioneer

Home Trust took on a line of business that nobody wanted: sub-prime mortgages (industry insiders also refer to this as "B Business"). When Home Trust started, it seems that most financial institutions didn't want to touch customers who had a less than stellar financial history. Home Trust showed no fear. Through their clever and highly skilled underwriting process, Home Trust broke ground where no financial institution dared tread before. Today, financial institutions are clamouring for this type of business. Yet it was financial institutions like Home Trust who showed that it could be done - and done profitably.

Home Trust: The Bottom Line

The Home Capital Group's financial record is remarkable.

• 8 consecutive years with Return on Equity over 20%
• 36.6% increase in earnings (FY2004 to FY2005)
• 35.4% increase in earnings per share (FY2004 to FY2005)
• $3.28 billion in total assets. (at end of FY2005)

Home Trust and Portfolio Plus

Home Trust first purchased Portfolio Plus in 2001, beginning with the Loans, Investments, Term Deposits, and Accounting. Later, Home Trust purchased Office Link for the production of documents associated with mortgages and mortgage servicing.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In Banking^TM architecture and a Financial Services Bus^TM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau interfaces, registered investment products, and much more. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners. For more information, please contact:

Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com