IndyMac Bank
IndyMac Bancorp, Inc. (NYSE:NDE) is the holding company
for IndyMac Bank?, a leading technology-based mortgage
lender with its award-winning e-MITS? platform to
facilitate automated underwriting, risk-based pricing
and rate lock of home loans on a nationwide basis via
the Internet. IndyMac provides mortgage products and
services through its business relationship division,
IndyMac Mortgage Bank, and its consumer direct division,
IndyMac Consumer Bank.
IndyMac Mortgage Bank (the Mortgage Bank) offers
multi-channel distribution of its mortgage products and
services through a nationwide network of mortgage
brokers, mortgage bankers, financial institutions,
Realtors? and homebuilders. The Mortgage Bank also
provides commercial loans to homebuilders for the
purpose of constructing new single-family residences.
Through its Investment Portfolio Group, IndyMac services
$37 billion of mortgage loans and invests in
single-family residential mortgage loans,
mortgage-backed securities and mortgage servicing rights
to provide core, stable net interest and fee income.
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Founded in 1985, IndyMac Bancorp is the largest savings
and loan in Los Angeles and the 16th largest in the
Nation (based on assets). With its first-to-market e-MITS
platform, it is the 20th largest mortgage lender
nationwide and was ranked by Gomez Report as the number
one overall online mortgage lender in the Country for
six of seven measurement periods since Fall 2000.
IndyMac's management is committed to delivering superior
returns and increasing shareholder value. IndyMac's
total annualized return to shareholders for the period
1993 through December 31, 2003 of 24% under its current
management team, has exceeded the comparable returns of
13% and 11% for the Dow Jones Industrial Average and S&P
500, respectively, for the same period. |
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