WELCOME TO VIRTUAL BRANCH

We are extremely excited that you have decided to join us at VIRTUAL BRANCH.
(herein referred to as VB)! Our fi rm provides qualified employees with the opportunity
to understand the mortgage origination business while helping borrowers around the country
fulfill their dreams.

Here at VB we strive to provide all of our employees with a productive, challenging, and
compliant working environment that encourages individual accomplishment through
continuous training and support. We will do our best to give you the tools, systems and
supervision to help you accomplish your goals.

What we need from you

You will find enclosed a number of documents that need to be executed prior to your
employment with us. As a Branch with VB, you are required to be a Full-Time W-9 Branch.
You are required to W-2 yourself and all employees of your company as stated by the law
You will have to form an S Chapter Corporation or LLC or LLP in order to be paid. You may sign
up now and form a company later. We do have instructions for this once signed up.

What happens next?

After we receive your completed new hire packet, we will perform a background check and
potentially contact some of your references. After reviewing your information we will contact you
with the next step on getting set up.

Again, congratulations, and welcome to VIRTUAL BRANCH!

New Hire Packet -1- Effective Date January 1, 2005

NEW HIRE PACKET CHECKLIST
Please find enclosed a list of documents in this new hire packet that need to be executed prior
to your start date with VIRTUAL BRANCH.

If you have any questions regarding this packet, please feel free to email the following:

For Human Resources related questions, email info@virtualbranch.net

For Technology related questions, email techsupport@virtualbranch.net

Please complete this checklist to ensure the completeness of your new hire packet.

All forms MUST BE COMPLETED IN THEIR ENTIRETY, INCLUDING SIGNATURES,

INITIALS, AND DATES, or they will not be accepted and will delay your hiring:

New Hire Packet:

Employment Application

Background Check Fee Authorization

Technology Access Form

Emergency Contact Information

Loan Fraud Zero Tolerance Form

Loan Compliance … Loan Disclosure Form

This Checklist

Also return:

Virtual Loan Advisor Agreement (7 pgs.)

Copy of Driver's License and Social Security card (or other acceptable documents

listed)

W-9 Form

Paychex Form (make sure to include a voided check)

Please Fax to 1-800-935-5852 or e-mail Info@VirtualBranch.net

(Please keep in Order When Sending)

New Hire Packet -2- Effective Date January 1, 2005

EMPLOYMENT APPLICATION
Please complete the following application completely and accurately. If any information
provided in this application is found to be false, it will be grounds for termination. Incomplete
applications will not be accepted.

Name (Last, First, Middle Initial)

________________________, ________________________ _______.

E-mail (Mandatory)

________________________@________________________________

Social Security Number _________ - _______ - ____________

Street Address _____________________________________________

City/State/Zip _____________________________________________

How long at current address: __________ yrs ___________ mos

Circle One: Rent Own

Home Phone ____ ____________________

Cell Phone ____ ____________________

Previous Address ____________________________________________

City/State/Zip ______________________________________________

How long a previous address: __________ yrs ___________ mos

Circle One: Rented Owned

US Citizen:

Circle One: Yes No No, but legally permitted to work in US.

18 or older:

Circle One: Yes No

New Hire Packet -3- Effective Date January 1, 2005

EMPLOYMENT APPLICATION, PAGE 2 OF 3

Education / Training:

Type Name Location Yrs Completed Graduated Major/Degree

University Yes No

High School Yes No

Trade Yes No

Other Yes No

Previous Employment, from most recent:

Dates
Employer Name Complete Address Supervisor Phone Position(s) Held Reason for Leaving
Held

New Hire Packet -4- Effective Date January 1, 2005

EMPLOYMENT APPLICATION, PAGE 3 OF 3

Have you ever been employed by Virtual Branch?

Circle One: No Yes If yes, when? ______________________

Have you ever submitted an application to MyLoan before?

Circle One: No Yes If yes, when? ______________________

Previous military service?

Circle One: No Yes If yes, please list:

_________________________________________________________________

_________________________________________________________________

Have you ever been convicted of a crime or felony?

Circle One: No Yes If yes, please list dates and explain:

_________________________________________________________________

_________________________________________________________________

EOE
VB is an equal opportunity employer, and therefore do not discriminate based on sex,
age, disability, marital status, national origin, race, color, or religion. All VB Associates
must be must be authorized for employment in the United States.

I certify that all of the information in this application is true and complete:

____________________________________
Print

____________________________________
Signature

_________________
Date

New Hire Packet -5- Effective Date January 1, 2005

BACKGROUND CHECK AUTHORIZATION, RELEASE,
AND FEE AUTHORIZATION FORM

A background check is required for each new Employee applicant:

1. In connection with my application for employment, I understand that a consumer report or an

investigative consumer report may be requested that will include information as to my character,
work habits, performance, and experience, along with reasons for termination of past
employment. I understand that as directed by my company policy and consistent with the job
described, you may be requesting information from public and private sources about my worker€ s
compensation injuries and claims, driving record, court record, education, references and credit.
If company policy requires, I am willing to submit to drug testing to detect the use of illegal
drugs prior to and during employment.
2. Medical and workers compensation information will only be requested in compliance with the
Federal Americans with Disabilities Act (ADA) and/or any other applicable state laws. According
to the Fair Credit Reporting Act, I am entitled to know if employment is denied because of
information obtained by my prospective employer from a consumer-reporting agency. If so, I will
be notified and given the name and address of the agency or the source, which provided the
information.
3. I acknowledge that a fax or photocopy shall be as valid as the original. This release is valid for
most federal, state and county agencies, including the Minnesota Department of Labor.
4. Minnesota, Oklahoma, and California applicants only: If you want a copy of the report(s) ordered,
please check here . The report(s) will be sent by the reporting agency to you at the address
below. The reports will be processed by ADP Screening and Selection Services, 301 Remington
Street, Fort Collins, CO 80524.
5. I hereby authorize, without reservation, and law enforcement agency, institution, information
service bureau, school, employer, reference or Insurance Company be contacted by VB or its
agent, to furnish the information described herein.

The following information is required by law enforcement agencies and other entities for positive
identification purposes when checking public records. It is confidential and will not be used for any other
purposes. I hereby release the employer and agents and all persons, agencies, and entities providing
information on reports about me from any and all liability arising out of the requests for release of any of
the above mentioned information or reports. I understand there will be a fee for a background check.

_________________________________________________________
Print (Last, First, Middle)

_________________________________________________________
Print Prior Name(s) (Last, First, Middle)

___________________________________________________________________________________
Street Address/City/State/Zip

____________________ _______________________________
Date of Birth Social Security Number

The following states require sex and race to obtain information: AL, AR, FL, GA, IA, IL, IN, MI, OR, TX, WI

Sex: Male Female Race: Asian Black Hispanic White Other

Drivers License Number ______________________________

State Issuing License __________ Name as it appears on license ________________________________

_____________________________________ _____________________
Signature Date

New Hire Packet -6- Effective Date January 1, 2005

For Branch:_______________________
Please provide us with the following information, so that we can help establish your Network,
Email, and Pilot accounts:

The EXACT spelling of your FIRST and LAST NAME, as you would like it to appear on all
company records:

First Name:______________________________________

Last Name:______________________________________

Current E-mail:__________________________________

FIRST.LAST@VIRTUALBRANCH.NET

Your network log in username will be: (please notice the period . between the names.)

FIRST.LAST

And your initial password will be 123456. When you log in to the network for the first
time, you will be asked to select a new password for your use. You will be required to change
your password every 30 days to assure the security of our network.

PASSWORDS:

On employment, all entitled users are given a network username and password. Your
username will remain the same for the duration of your employment and will only be changed
in exceptional circumstances. Your original password is used initially for all services to which
you are entitled, but cannot be changed for each service individually. However, changing a
password for one service does not change it for any others. Only exception to this rule is our
NETWORK and EMAIL passwords, which are always the same.

General Password Rules:

For technical reasons, different services have differing rules on passwords. For example:
Your network password must be at least 6 characters.
Passwords must be changed every 30 days and you cannot re-use any of your
previous 5 passwords.

For specific information on how to change a password for each service we provide, see the
€ Changing Passwords in Dashboard.

Given the above constraints, there are some general Do's and Dont's that can be applied to
the setting of passwords for all services:

DO
Think of a password before you change it (trying to think of a password when trying to
change it can lead to your being locked out of that service).
Change passwords when you first receive them.
Select a password that is hard to guess; do not use a word that would appear in a
dictionary.

New Hire Packet -7- Effective Date January 1, 2005

 Use a combination of uppercase, lowercase, digits, and punctuation characters.
Examples of good passwords are:
o Time2go4ME+U
o Pleezehelp9!
o WICHwaypleeze?
o Heer_WE_go!
Apply a theme to your passwords so that they are different for all services but
memorable to you.
Use at least 6 characters.
Change passwords frequently or immediately, if you suspect that there has been
unauthorized usage of your services by a third party.

DO NOT
Change your password while someone is looking over your shoulder,
Leave your password(s) in a place where they can be seen by anyone, including on a
post-it stuck to your computer!
Write your passwords on a piece of paper marked passwords.
Use the same password for all services, as if someone finds or cracks your passwords,
all of your services could be compromised,
Use an obvious password, such as your name, username, a blank password, the word
password, or any word that can be found in a dictionary.
Give your password to someone else.

Take Care with Passwords

Remember that passwords are always used in conjunction with a username, so ensure
that you have also typed your username correctly. Often an error message reporting
an incorrect password is actually due to the incorrect typing of a username.
Often passwords are not displayed on screen, or are displayed as masked by asterisks,
i.e. *******, so be careful when typing them in. If you think you have entered any
character incorrectly, its best to delete all the characters and retype the password.
Many passwords are case sensitive, i.e. a G would be distinct from a g, so when typing
your password, ensure the your caps lock is not on.
Sometimes you can confuse capital O with zero 0, or lower case L (l) with one 1, so be
careful.

REMEMBER, YOU WILL BE LOCKED OUT OF THE SYSTEM AFTER 2 FAILED ATTEMPTS
AT REMEMBERING YOUR PASSWORD; SIMPLY CLICK ON € Email Me My Password IF
YOU CAN'T REMEMBER TO AVOID BEING LOCKED OUT.

New Hire Packet -8- Effective Date January 1, 2005

EMERGENCY CONTACTS

Employee Name: __________________________________________________

In case of emergency, please notify:

Name: ____ _______________________________________________

Relationship: Spouse Parent Child Friend Other ______________

Address: ___________________________________________________

City/State/Zip: ___________________________________________________

Phone: ____ ____________________

Cell: ____ ____________________

OR

Name: ____ _______________________________________________

Relationship: Spouse Parent Child Friend Other ______________

Address: ___________________________________________________

City/State/Zip: ___________________________________________________

Phone: ____ ____________________

Cell: ____ ____________________

New Hire Packet -9- Effective Date January 1, 2005

LOAN FRAUD ZERO TOLERANCE
THE SUBMISSION OF A LOAN APPLICATION CONTAINING
FALSE INFORMATION IS A CRIME!

Types of Loan Fraud:

1. Submission of inaccurate information, including false statements on loan
application(s) and falsification of documents purporting to substantiate credit,
employment, deposit and asset information, personal information including
identity, ownership of real property etc.
2. Forgery of partially or predominantly accurate information.
3. Incorrect statements regarding current occupancy or intent to maintain minimum
continuing occupancy as stated in the security instrument.
4. Lack of due diligence by broker/loan officer/interviewer/processor, including failure
to obtain all information required by the application and failure to request further
information as directed by Borrower's response to other questions.
5. Unquestioned acceptance of information or documentation that is known, should
be known, or should be suspected inaccurate.
a. Simultaneous or consecutive processing of multiple owner-occupied loans
from one applicant supplying different information on each application.
b. Allowing applicant or interested third party to assist with processing of
the loans.
6. Employee's non-disclosure of relevant information.

Impact of Loan Fraud:

The effects of Loan Fraud are costly to all parties involved. VB stands behind
the quality of its loan production. Fraudulent loans cannot be sold into the secondary
market and, if sold, will require repurchase by VB. Fraudulent loan damage our
reputation with our investors and mortgage insurance providers.

The price paid by those who participate in Loan Fr aud is even more costly. The
following is a list of a few of the potential consequences that may be incurred:

Consequences to Employee:
1. Criminal prosecution.
2. Loss of lender access due to exchange of information between lenders,
mortgage insurance companies including submission of information to
investors (Freddie Mac/Fannie Mae), police agencies and the State Licensing
Agencies.
3. Civil Action by VB
4. Civil action by applicant/borrower or other parties to the transaction
5. Loss of approval status with investors

I have read the foregoing and understand VB position on Loan Fraud.

_________________________
Employee Signature/Date

New Hire Packet -10- Effective Date January 1, 2005

LOAN COMPLIANCE... L OAN DISCLOSURE
Each employee must be aware that if you take an application on a borrower and make a
verbal and/or written offer to such borrower that the employee is fully responsible for sending
out fully completed disclosures within 3 days of making the written/or verbal offer. They must
include, but are not limited to 1003, GFE, and Broker Fee Agreement along with any other
state specific disclosures.

Please be advised:

The GFE and Broker Fee Agreement must match exactly. The Broker Fee and YSP,
along with any discount points paid by borrower to buy down the rate must be
disclosed. The application fee and the processing fee must be disclosed.

Re-Disclosing:

Please note that if there are any changes in the loan amount and/or fees you must
also re-disclose to the borrower again. All disclosures must be kept in the file
mandated by banking law.

Consequences to Associate for Non Disclosure:

1. Termination
2. Prosecution
3. Notification to the Banking Department
4. Evaluate Actions and/or penalties

I have read the foregoing and understand VB position on Loan Compliance.

_______________________
Employee Signature/Date

New Hire Packet -11- Effective Date January 1, 2005

 Virtual Loan Advisor Agreement
This AGREEMENT is made effective ______, 200___
by and between Virtual Branch, (hereinafter referred
to as VB) and the undersigned individual (hereinafter
referred as Virtual Loan Advisor).
RECITALS
WHEREAS, Virtual Loan Advisor is desirous of the
business of originating mortgage loans by obtaining
and preparing loan application and other materials for
VB on real property from prospective borrowers;
WHEREAS, VB is engaged in the business of
originating residential and commercial mortgage
loans and processing loan applications.
WHEREAS, VB has offered to Virtual Loan Advisor
compensation as set forth under the terms and
conditions in this Agreement and VB published
commission schedules as amended from time to
time, and Virtual Loan Advisor is willing to associate
and be contracted by VB on such terms and
conditions.
WHEREAS, Virtual Loan Advisor acknowledges and
agrees the association with VB is not on an exclusive
basis in that, representation of other mortgage
lenders or brokers by Virtual Loan Advisor during the
term of this Agreement does not constitute violation of
this Agreement and shall not be considered a
repudiation and termination of this Agreement by
Virtual Loan Advisor.
NOW THEREFORE, in consideration of the above
recitals, the mutual promises and agreements
contained herein are mutually agreed as follows:
SECTION ONE
RELATIONSHIP AND DUTIES
A. Scope and Duties: Virtual Loan Advisor
shall and hereby does associate him/herself
with VB to obtain qualified Borrowers who will
apply to VB to obtain loans secured by
mortgages on their existing real property or
proposed purchase of real property. Virtual
Loan Advisor must use the means and
manner by which those duties shall be
performed, as approved and prescribed by
VB guidelines and procedures. Virtual Loan
Advisor agrees to comply with all rules,
regulations, guidelines, instructions, and
procedures, either now in existence or issued
from time to time. Virtual Loan Advisor shall
supervise the VB
VLA Agreement
activities of Downline Virtual Loan Advisor(s) and use
Virtual Loan Advisor's best efforts and continuing
diligence in directing Virtual Loan Advisor's Downline to
comply with their respective Virtual Loan Advisor
membership agreements with VB and in training and
providing assistance to Virtual Loan Advisor's Downline
Virtual Loan Advisors, all in accordance with VB policies
and procedures, including those contained in the VB
rules and Guidelines.
B. Professional Standards: Virtual Loan Advisor will
perform his/her duties under this Agreement in
accordance with the laws of the Commonwealth of the
United States and any other applicable state and/or
Municipal Laws, rules and regulations. In particular,
Virtual Loan Advisor covenants that he or she complies
with the Federal Equal Credit Opportunity Act, the Fair
Housing Home Mortgage Disclosure Act, the Federal
Truth-in-Lending Act, and the Real Estate Settlement
Procedures Act and its Regulation X. Virtual Loan
Advisor has an obligation to all Borrowers to ensure that
Borrowers are advised of the various loan options
available prior to obtaining and submitting an
application to VB.
C. Representation of VB: Virtual Loan Advisor agrees
that he/she is not authorized to bind VB in any
agreements including, but not limited to agreements for
advertising, marketing, promotions, etc. unless
specifically authorized in writing by VB in writing prior to
the execution of such agreements. Virtual Loan Advisor
agrees that all promotional material used referencing
VB, its loan products or pricing must be approved by VB
prior to its distribution and unless otherwise agreed
upon in writing by VB, the cost of the promotional
material will be the sole responsibility of the Virtual Loan
Advisor except as set forth herein, Virtual Loan Advisor
shall not have any authority, nor hold out to have any
authority, to represent or obligate VB in any manner
whatsoever.
D. Fiduciary Duty: Virtual Loan Advisor acknowledges
that VB, as a licensed mortgage lender/broker, may
bear the responsibility to third parties for all actions of its
employees. Virtual Loan Advisor hereby acknowledges
and agrees that Virtual Loan Advisor is responsible for
the content and quality of each application taken and
each loan submitted. Virtual Loan Advisor understands
that the submission of
Pg. 1 Initials_________
a loan application containing false information is
unlawful and is a loan fraud. If Virtual Loan Advisor
participates in loan fraud of any kind, consequences
that may result to Virtual Loan Advisor may be
criminal prosecution; immediate termination of this
Agreement and any and all legal remedies at law or
in equity.
E. Advertising and Marketing: Virtual Loan Advisor
shall have the authority to represent VB by business
cards, advertisements, or other media documents,
that Virtual Loan Advisor is employed by VB
pursuant to obtaining mortgage loan applications.
Virtual Loan Advisor shall not engage in any
advertising or any media marketing materials that
are not approved by VB.
F. Other Business Activities: Virtual Loan Advisor
may engage in other business activities to the extent
such other activities do not interfere or conflict with
Virtual Loan Advisor's association herein.
Notwithstanding the term of this Agreement, Virtual
Loan Advisor can be associated with, or
representative of, or enter into an agreement of any
kind with any other mortgage brokerage or
mortgage banking firm or originate any real property
mortgage loans except on behalf of VB.
G. Loan Applications: VB, in its sole discretion, may
reject any loan application for any reason, and VB is
under no obligation or requirement to process any
loan application originated by Virtual Loan Advisor.
VB shall have sole discretion of determining which
lender loan programs it will participate in and which
loan applications will be processed.
H. Expenses: Virtual Loan Advisor shall promptly
pay all expenses relating to the performance of
Virtual Loan Advisor's duties under this Agreement,
including but not limited to indebtedness to VB,
Virtual Loan Advisor shall be solely responsible for
all of his/her expenses, including but not limited to
travel, entertainment, office, signs, telephone,
education, dues, subscription, licenses, etc., and
shall receive no remuneration or reimbursement of
any nature whatsoever other than the commissions
referred to herein. Company shall not provide any
facilities, furniture, or equipment to Virtual Loan
Advisor. Virtual Loan Advisor shall provide his/her
own office, telephone, supplies, transportation, and
all other
VLA Agreement
facilities, which Virtual Loan Advisor may deem
necessary.
I. Licenses: Virtual Loan Advisor shall, if required by
federal law obtain the appropriate license in a
jurisdiction in which and from which Virtual Loan
Advisor solicits, offers or obtains applications in
each jurisdiction, where required by law, in which
and from which Virtual Loan Advisor receives
Override Compensation. Virtual Loan Advisor will
bear the cost of an initial and renewal fees for
licensing and registrations. Virtual Loan Advisor will
make payment as instructed by VB Virtual Loan
Advisor shall comply with the terms, conditions and
restrictions on use contained in any and all license
or other contractual agreements between third
party owners of any computer software and VB,
pursuant to which VB has obtained the right to use
such computer software. Virtual Loan Advisor
further agrees to comply with the terms of any
license or other contractual agreement into which
Virtual Loan Advisor is required to enter with any
third party computer software owner.
J. Records: Virtual Loan Advisor shall maintain
accurate and current records of all transactions
entered into pursuant to this Agreement. Such
books and records shall conform to the
requirements of federal and state laws, the rules
and regulations of appropriate regulatory agencies
and the policies and procedures of VB Virtual Loan
Advisor shall maintain an accurate and current file
of all commission statements and other records and
correspondence received from VB and notify VB in
writing within Thirty (30) days after VB making
available such statements, records and
correspondence, or any of them is inconsistent with
Virtual Loan Advisor's records or, in the opinion of
Virtual Loan Advisor, not accurate.
K. Background Information: The Virtual Loan
Advisor agrees that VB shall have the right to run
credit, employment and other financial and
background investigations on the Virtual Loan
Advisor at the time VB deems useful, whether such
investigation is conducted by VB or by an outside
service or third party. The Virtual Loan Advisor
consents to such investigations and consents to the
disclosure of any person or entity to VB of any
financial, background and employment information
Pg. 2 Initials_________
conducted by VB or by an outside service or third party.
L. Photographs: The Virtual Loan Advisor irrevocably
consents to and forever authorizes the use by VB or
anyone authorized by VB, its legal representatives or
assigns, the absolute and unqualified right to use all
photographs in which the Virtual Loan Advisor has
appeared for VB and reproductions thereof, in which the
Virtual Loan Advisor has been included in whole or part,
made through any media without, in which the Virtual
Loan Advisor has been included in whole or part, made
through any media without inspection or approval of the
finished product or use to which it may be applied, in any
manner VB may desire, factually or fictionally the right to
make adaptation of said material of every and any kind
and character. VBmay adopt, arrange, change,
dramatize, make musical versions of, interpolate in,
transpose, add to, and subtract from such photographs
and reproductions to such extent as VB, in its sole
discretion, may desire, and in any form and upon any and
all adaptations thereof to renew such copyrights. The
Virtual Loan Advisor releases and discharges VB, its
assigns, agents, or licensees from any and all claims and
demands that the Virtual Loan Advisor may have, which
arise out of or in connection with the use of such
photographs or reproductions, including but not limited
to, any and all claims of libel, slander, and invasion of
privacy.
SECTION TWO
GENERAL COVENANT
In the course of Virtual Loan Advisor's past and future
relationship with VB, and because of the nature of
Virtual Loan Advisor's responsibilities, Virtual Loan
Advisor has previously acquired, and may in the
future acquire additional, valuable trade secrets,
proprietary data and other confidential information
(collectively, "Confidential Information") with respect to
VB.'s Borrowers, competitors and
business. Such trade secrets, proprietary data and other
confidential information include but are not
limited to the following: VB's existing and contemplated
services, products, business and financial methods and
practices, plans, pricing, selling techniques, computer
hardware and software systems including the "Pilot"
Web based mortgage origination system, and special
methods and processes involves in providing services,
lists of VB present and prospective Borrowers, methods
of obtaining Borrowers, credit and financial
VLA Agreement Pg. 3
data of the VB's present and prospective Borrowers,
particular business requirements of VB's present and
prospective Borrowers. In addition, Virtual Loan Advisor on
behalf of VB, has developed, and may in the future further
enhance or develop, personal acquaintances and
relationships with VB's present and prospective Borrowers,
which acquaintances relationships may constitute VB's
only contact with such persons or entities. As consequence
thereof, the parties agree that Virtual Loan Advisor
occupies or will occupy a position of trust and confidence
with respect to VB's affairs and its products and services. In
view of the foregoing and in consideration of the
remuneration to be paid to Virtual Loan Advisor and for his
relationship, Virtual Loan Advisor acknowledges and
agrees that it is reasonable and necessary for the
protection of the goodwill and business of VB that Virtual
Loan Advisor make the covenants contained in Section
Three and Four herein regarding the conduct of Virtual
Loan Advisor during and subsequent to relationship with
VB, and that VB will suffer irreparable injury if Virtual Loan
Advisor engages in conduct prohibited thereby. Virtual
Loan Advisor represents that observance of the
aforementioned covenants will not cause Virtual Loan
Advisor any undue hardship nor will it unreasonably
interfere with Virtual Loan Advisor's ability to earn a
livelihood. The covenants contained herein shall each be
construed as a separate agreement independent of any
other provision of this Agreement, and the existence of any
claim or cause of action of Virtual Loan Advisor against VB,
whether predicated on this Agreement or otherwise, shall
not constitute a defense to the enforcement by VB of any of
those covenants.
SECTION THREE
CONFIDENTIALITY
In consideration of the willingness of VB to associate itself
with the Virtual Loan Advisor in further consideration of all
compensation to be paid to Virtual Loan Advisor by VB
under the terms and conditions of this Agreement, Virtual
Loan Advisor agrees as follows:
(a) Non-Disclosure. Virtual Loan Advisor, while in
the employ of VB or at any time thereafter, will not,
without the express written consent of VB, directly
or indirectly communicate or divulge to, or use for
his own benefit or for the benefit of any other
person, firm, association or corporation, any of
VB's Confidential Information which was
communicated to or otherwise learned of or
acquired by Virtual Loan Advisor during the course
of his relationship with VB; provided, however,
Virtual Loan Advisor may disclose or use
Initials_________
such information under any of the following
circumstances: (i) disclosure or use thereof in good
faith by Virtual Loan Advisor in connection with the
performance of his duties in the course of his
relationship by VB, and (ii) disclosure or use by Virtual
Loan Advisor of any such information or data which is
generally known within the industry or is otherwise
available through independence sources.
(b) Return of Information. Promptly after the
termination of his relationship with VB for any reason
and whether or not pursuant to an relationship
agreement, Virtual Loan Advisor will deliver to VB all
originals and copies of all Confidential Information,
including but not limited to memoranda, Borrowers
lists, samples, records, documents, computer
programs, and other materials requested by VB which
he has obtained from VB while serving in any such
capacity.
SECTION FOUR
NON-SOLICITATION AND NON-INTERFERENCE
In consideration of the willingness of VB to associate
itself with the Virtual Loan Advisor in further
consideration of all compensation to be paid to Virtual
Loan Advisor by VBunder the terms and conditions of
this Agreement, Virtual LoanAdvisor agrees as
follows:
(a) Non-Solicitation of Borrowers. During Virtual Loan
Advisor's relationship with VB, and for a period of two
(2) years following termination of Virtual Loan Advisor's
relationship with VB for any reason whatsoever and
within the reasonable geographical territory of five (5)
miles radius from VB's office the Virtual Loan Advisor
was assigned and except in the good faith furtherance
of the interests of VB, Virtual Loan Advisor will not,
without the express written consent of VB, contact
prospective borrowers or existing VB members that the
loan officer has come to know because the relationship
with VB, including any person, firm, association or
corporation. Virtual Loan Advisor will not directly or
indirectly make any such contact, either for his benefit
or for the benefit of any person, firm, association or
corporation to make any such contact.
(b) Non-Interference. During Virtual Loan Advisor's
relationship with VB, and for a period of two (2) years
following termination of Virtual Loan Advisor's
VLA Agreement Pg. 4
relationship with VB for any reason whatsoever,
Virtual Loan Advisor shall not induce or
encourage, directly or indirectly, (i) any Virtual
Loan Advisor of VB to leave his or her relationship,
or to seek relationship with anyone other than VB,
unless it has been determined by VB that such
Virtual Loan Advisor's performance or other
characteristics or circumstances are such that
Virtual Loan Advisor's leaving VB is in the best
interests of VB, or (ii) any Borrower of VB to modify
or terminate any relationship, whether or not
evidenced by a written contract, with VB unless it
has been determined by the VB that such
modification or termination is in the best interests
of VB.
SECTION FIVE
COMPENSATION
(a) For all services to be rendered hereunder,
Virtual Loan Advisor shall be paid on a commission
basis only, in the amounts and at the times set forth
on VB's published commission schedules as
amended from time to time, attached hereto as
Exhibit A. Virtual Loan Advisor's compensation
shall be reported on Federal form W-9. VB shall, in
its sole and absolute discretion, have the right to
change, modify, alter, or decrease any
commissions payable pursuant to this Agreement;
provided, however, that any changes,
modifications, alterations, or decreases shall be
effective when amended. Virtual Loan Advisor is
an exempt associate and therefore not subject to
minimum wage and overtime payments.
(b) Any money and value owed by Virtual Loan
Advisor to VB, any debt, and any money and value
which has been advanced or credited by or on
behalf of VB to, or for the benefit of, Virtual Loan
Advisor, represents a loan and may be offset and
deducted by VirtualBranch from any
commissions or other money or value then or
thereafter owed by VB to Virtual Loan Advisor
pursuant to this Agreement or owed by VB to
Virtual Loan Advisor. VB is hereby authorized by
Virtual Loan Advisor to deduct from
Initials_________
 commissions due the amount of any
commissions paid to Virtual Loan Advisor in
connection with any payment or amount that VB
refunds to Virtual Loan Advisor's Customer.
(c) Except as set forth above, Virtual Loan
Advisor shall receive no other compensation of
any kind whatsoever under this Agreement.
Virtual Loan Advisor will not receive any fringe
benefits under this Agreement whatsoever,
including but not limited to insurance benefits,
disability income, paid vacation, expense
reimbursement or retirement benefits unless
otherwise specifically provided for in this
Agreement.
SECTION SIX
INDEMNIFICATION
Virtual Loan Advisor shall indemnify VB for and hold it
harmless from and against any and all claims, losses,
liabilities, damages, taxes, penalties, fines, forfeitures,
reasonable legal fees and expenses, judgments, and
other costs and expenses that VB may sustain arising
and/or resulting from any claim, demand, defense or
assertion based on or grounded upon, or resulting from a
breach of any representation, warranty, or covenant by
Virtual Loan Advisor under thisAgreement.
SECTION SEVEN
GOVERNING LAW
(a) It is agreed that this Agreement shall be
governed by, construed and enforced in
accordance with the Laws of the Commonwealth
of Ohio.
(b) Since the parties acknowledge that significant
aspects of performance of this Agreement will
occur in the Commonwealth of Ohio even though
the business activities of the Virtual Loan Advisor
may occur anywhere authorized, provisions of
this Agreement will be governed and construed
under the law of Commonwealth of Ohio. If
conflict or choice of law rules would choose a low
of another jurisdiction, each party waives such
rules and agrees the substantive law of
Commonwealth of Ohio shall nonetheless
govern. The parties agree that, without waiver of
their rights and obligations, unless expressly
provided to the contrary in this Agreement, the
state and federal courts of Ohio shall have
exclusive jurisdiction of any litigation between the
parties and the Virtual Loan Advisor expressly
submits to the jurisdiction
VLA Agreement Pg. 4
and venue of the federal and state courts
sitting in Allegheny County, Pennsylvania
with respect to any such litigation.
SECTION EIGHT
ENTIRE AGREEMENT
This Agreement shall constitute the entire
Agreement between the parties and any prior
understanding of representation of any kind
preceding the date of this Agreement shall not be
binding upon either party except to the extent
incorporated in this Agreement.
SECTION NINE
MODIFICATION OFAGREEMENT
Any modification of this Agreement or additional
obligation assumed by either party in connection
with this Agreement shall be binding only if
evidenced in writing signed by each party or an
authorized representative of each party.
SECTION TEN
ASSIGNMENT OF RIGHTS
This Agreement may be assigned by VB in the event
of a bona fide sale or transfer of ownership or control
of the business to another person or entity or
mortgage net branching relationship with another
business; provided however, that the assignee shall
assume all obligations of VB herein, in which case
VB shall be released of any further liability to the
Virtual Loan Advisor hereunder. The personal rights
and abilities of the Virtual Loan Advisor are a
material inducement to VB to enter into this
Agreement, and the Virtual Loan Advisor may not
assign this Agreement or to assign any rights
(including the right to receive commissions).
SECTION ELEVEN
NO WAIVER
The failure of either party to this Agreement to insist
upon the performance of any of the terms and
conditions of this Agreement, or the waiver of any
breach of any of the terms and conditions of this
Agreement shall not be construed as thereafter
waiving any such terms and conditions, but the same
shall continue remain in full force as if no such
forbearance or waiver occurred.
Initials_________
SECTION TWELVE
TERM AND TERMINATION
(a) The parties agree that this Agreement is "AT
WILL" and may be terminated by either party for
convenience with notice to the other party.
Additionally, this Agreement may be terminated by
operation of law or upon the death or disability of
Virtual Loan Advisor.
(b) This Agreement shall continue in effect until
Termination.
(c) Upon the termination of this Agreement, all
unpaid commissions earned by Virtual Loan Advisor
prior to the effective date of termination of this
Agreement shall be paid by VB to Virtual Loan
Advisor within a reasonable period of time. No
further compensation, other than the commissions
earned as of the effective date of Virtual Loan
Advisor's termination, shall be payable to Virtual
Loan Advisor under this Agreement after
Termination. However, VB shall have the right to
offset against any commissions due to Virtual Loan
Advisor the amount of any Debit Balance,
indebtedness owned by Virtual Loan Advisor to VB,
or any charges made by VB to Virtual Loan Advisor.
Upon Termination of this Agreement, any debt or
Debit Balances then or thereafter outstanding, and
any debt or debit Balances that may thereafter exist,
shall without notice immediately become due and
payable and shall bear interest at the highest rate
permitted under applicable law until paid.
SECTION THIRTEEN
EFFECT OF PARTIAL INVALIDITY
The invalidity of any portion of this Agreement does
not and will not be deemed to affect the validity of
any provision, in the event that any provision of this
Agreement is held to be invalid, the parties agree
VLA Agreement
that the remaining provisions shall be deemed to be in full
force and effect.
SECTION FOURTEEN
NOTICES
All notices pertaining to this Agreement shall be in writing
and shall be transmitted either by personal hand delivery
or through the United States Post Office. The addresses
set forth herein for the respective parties shall be the
places where notices shall be sent, unless written notice
of a change of address is given.
IN WITNESS WHEREOF each party to this Agreement
has caused it to be executed on the date indicated herein.
I signify and acknowledge that I have received, read,
understand, and agree to be bound by the rules made by
VB.
Virtual Loan Advisor (Signature):
___________________________________
Date ___________________
Name ____________________________
SSN ___________________
E-mail ____________________________
Telephone ____________________________
Pg. 6 Initials_________
 EXHIBIT A

COMMISSION SCHEDULE

As and for compensation as a Virtual Loan Advisor, VB shall pay Associate a Commission equal to the Net Profit
of the branch managed by Associate, according to the schedule below, less usual and customary payroll and
other deductions required by law, subject to all applicable laws, rules and regulations, including without
limitation, RESPA, HUD regulations and mortgagee letters, and state law restrictions.

Net Profit, as contemplated herein, shall be calculated as follows: Gross Revenues from loan originations,
minus 3rd party fees paid by VB.

Gross Revenues shall mean all monies earned by VB through originating, negotiating, securing, processing
and administering the brokering or closing of mortgage loans directly attributable to the operations of the Loan
Officer during the applicable period. Gross revenues shall not include bona fide third party fees, including, but
not limited to credit report fees, title charges, application fees, processing fees, lender fees and appraisal fees,
collected from borrowers. There will be a $100/mo. IT fee for each Branch and $28/mo. per Loan Officer.

Virtual Loan Advisor will be paid commission according to the following schedule:

For loans originated directly by the Virtual Loan Advisor:

For self generated leads:

Monthly Units Commission

1+ 100% for Branch - 90% for Loan Officer

Signature:_________________________________

Please Fax to 1-800-935-5852 or e-mail Info@VirtualBranch.net

(Please keep in Order When Sending)

VLA Agreement Pg. 7 Initials_________

 Form W-9 Request for Taxpayer Give form to the
(Rev. January 2003) Identification Number and Certification requester. Do not
Department of the Treasury send to the IRS.
Internal Revenue Service
Name
See Specific Instructions on page 2.

Business name, if different from above

Print or type

Individual/ Exempt from backup

Check appropriate box: Sole proprietor Corporation Partnership Other 䊳 withholding
Address (number, street, and apt. or suite no.) Requester’s name and address (optional)

City, state, and ZIP code

List account number(s) here (optional)

Part I Taxpayer Identification Number (TIN)

Enter your TIN in the appropriate box. For individuals, this is your social security number (SSN). Social security number
However, for a resident alien, sole proprietor, or disregarded entity, see the Part I instructions on – –
page 3. For other entities, it is your employer identification number (EIN). If you do not have a number,
see How to get a TIN on page 3. or
Note: If the account is in more than one name, see the chart on page 4 for guidelines on whose number Employer identification number
to enter. –
Part II Certification
Under penalties of perjury, I certify that:
1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and
2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal
Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has
notified me that I am no longer subject to backup withholding, and
3. I am a U.S. person (including a U.S. resident alien).
Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup
withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply.
For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement
arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the Certification, but you must
provide your correct TIN. (See the instructions on page 4.)
Sign Signature of
Here U.S. person 䊳 Date 䊳

Purpose of Form Nonresident alien who becomes a resident alien.

Generally, only a nonresident alien individual may use the
A person who is required to file an information return with terms of a tax treaty to reduce or eliminate U.S. tax on
the IRS, must obtain your correct taxpayer identification certain types of income. However, most tax treaties contain a
number (TIN) to report, for example, income paid to you, real provision known as a “saving clause.” Exceptions specified
estate transactions, mortgage interest you paid, acquisition in the saving clause may permit an exemption from tax to
or abandonment of secured property, cancellation of debt, or continue for certain types of income even after the recipient
contributions you made to an IRA. has otherwise become a U.S. resident alien for tax purposes.
U.S. person. Use Form W-9 only if you are a U.S. person If you are a U.S. resident alien who is relying on an
(including a resident alien), to provide your correct TIN to the exception contained in the saving clause of a tax treaty to
person requesting it (the requester) and, when applicable, to: claim an exemption from U.S. tax on certain types of income,
1. Certify that the TIN you are giving is correct (or you are you must attach a statement that specifies the following five
waiting for a number to be issued), items:
2. Certify that you are not subject to backup withholding, 1. The treaty country. Generally, this must be the same
or treaty under which you claimed exemption from tax as a
3. Claim exemption from backup withholding if you are a nonresident alien.
U.S. exempt payee. 2. The treaty article addressing the income.
Note: If a requester gives you a form other than Form W-9 3. The article number (or location) in the tax treaty that
to request your TIN, you must use the requester’s form if it is contains the saving clause and its exceptions.
substantially similar to this Form W-9. 4. The type and amount of income that qualifies for the
Foreign person. If you are a foreign person, use the exemption from tax.
appropriate Form W-8 (see Pub. 515, Withholding of Tax on 5. Sufficient facts to justify the exemption from tax under
Nonresident Aliens and Foreign Entities). the terms of the treaty article.
Cat. No. 10231X Form W-9 (Rev. 1-2003)
 Direct Deposit/Access Card
PAYCHEX
®

Employee Signup Form

Employee Instructions: EMPLOYEE - Required Information

1. Complete the employee required information section. PLEASE PRINT
2. Complete the Direct Deposit, Access Card, or both Employee Name
sections to specify where you want your pay deposited.
Social Security No. / /
3. Sign the bottom of the form.
4. Retain a copy of this form. Return the original to
your employer.

Employer Instructions: EMPLOYER - Required Information

1. Complete the employer required information section. PLEASE PRINT
2. Return this form to your local Paychex office. Client Name
Office/Client No. /
Federal ID No.

Complete for DIRECT DEPOSIT

I would like my wages/salary deposited to the following bank account(s):

Bank Account #1 ❑ Checking ❑ Savings Bank Account #2 ❑ Checking ❑ Savings

Bank Name____________________________________ Bank Name____________________________________
I wish to deposit (check one): I wish to deposit (check one):
❑ Entire Net Pay ❑ Entire Net Pay
❑ % of Net ❑ % of Net
❑ Specific Dollar Amount $ ______.00 ❑ Specific Dollar Amount $ ______.00
Please attach one of the following (check one): Please attach one of the following (check one):
❑ Voided check ❑ Voided check
❑ Bank letter or specification sheet* ❑ Bank letter or specification sheet*
* See your local bank representative. * See your local bank representative.

Complete for ACCESS CARD

I would like my wages/salary deposited to an Access Card account. I agree to the terms and conditions of the
Paychex Access Card Program including the $3.00 monthly maintenance fee, the $1.50 per ATM withdrawal fee, the
$3.00 over-the-counter cash advance fee, and the $15.00 lost or stolen card replacement fee.

I wish to deposit (check one):

❑ Entire Net Pay ❑ % of Net ❑ Specific Dollar Amount $ .00

Please print the address where the Access Card statements should be mailed.
Street Address Apt. # City State Zip
Home Phone No.( ) - Date of Birth / /
Mother’s Maiden Name
❑ Additional Card Requested. Additional Card Holder Name

Additional Card Holder Social Security No. / /

Employee Signature Date / /

Return this original form to your employer.

#152221 Rev. 9/03 CT

DP0002
Payment Info:

You may pay by Credit Card.

1. Credit Card

(please circle one) VISA MASTERCARD DISCOVER AMERICAN EXP.

Credit Card #: __________ __________ __________ __________

Exp. Date: ________ _________

3 Digit Security Code (located on back to the right): ___________ (4 for Am. Ex.)

First Name (as it appears on card): ______________________________________

Last Name (as it appears on card): ______________________________________

Billing Address: _____________________________________________________

City: __________________________ State: ___________ Zip: _______________

Telephone # (the one your credit card company has on file): __________________

E-mail Address: ___________________________________

______$495 Loan Officer ______$1495 Bank Branch (for the 100% program)

I authorize The Steltmen Group, Inc. DBA Virtual Branch to debit my Credit Card for the
checked Program above. This fee is for Office Setup, Training, Processing Setup, Online
Systems, Background checks, etc…. Refunds will only be given if denied for Employment.

Signature:__________________________________________Date:____________

Please Fax Entire Package to: 1-800-935-5852