Total Mortgage Services Receives Full-Eagle Approval For FHA Mortgages

MILFORD, CONNECITCUT - (January 14, 2010), Total Mortgage Services, LLC, a leading mortgage lender and broker, announced today it has received approval from the U.S Department of Housing and Urban Development (HUD) to convert to a Full-Eagle, or non-supervised lender. The Company may now originate, fund, hold, purchase and sell Federal Housing Authority (FHA) backed mortgage loans.

“This Full-Eagle approval is another proof point of Total Mortgage Services’ operational integrity and financial strength,” commented John Walsh, President of Total Mortgage Services. “Being a non-supervised lender will help further streamline our process for FHA loans, which will allow us to pass the cost and time savings on to high-quality borrowers in the form of lower FHA mortgage rates and better service.

“Our Full-Eagle designation will also help us significantly increase our FHA mortgage volume, which was only 5% of our total production in 2009, to 20-25% of production in 2010,” continued Mr. Walsh. In addition, when we combine this approval with the upcoming launch of our new Wholesale Division, TMS Funding, which will also provide very attractive mortgage rates to our broker base, we are even better positioned to continue to grow our origination volume in 2010 to over $1 billion, despite a U.S. mortgage market that is expected to decline year-over-year.”

Total Mortgage Services Business Overview

Total Mortgage Services was founded in May of 1997 with a customer centric focus and a mission of responsible lending. Today, the Company offers a range of mortgage solutions to high-quality borrowers, from FHA mortgages to jumbo loans, with some of the lowest current mortgage rates in the industry. Through a centralized business model, Total Mortgage is able to create significant efficiencies in both its origination and operational infrastructure, and pass the cost and time savings on to borrowers working with Total Mortgage in the form of lower mortgage interest rates and better service.

The Company’s production is driven by a centralized retail lending platform, which has over 25 very experienced and advice driven loan officers. The Company will be launching TMS Funding, its wholesale lending platform in January 2010, to offer mortgage brokers and borrowers better service, choice, knowledge and efficiency in the mortgage lending process. The wholesale platform will also operate through a centralized model in order to improve the consistency and quality of the broker experience and reduce the wholesale platform’s risk profile.

Currently licensed in 19 states, Total Mortgage currently has an application pending with the Commonwealth of Pennsylvania and intends to be licensed in five to ten additional states in 2010. The Company is projecting 2010 closed loan production to increase to $1 billion.

About Total Mortgage Services, LLC

Total Mortgage Services, LLC, a provider of some of the lowest current mortgage rates, is an industry-leading direct mortgage lender and mortgage broker that has funded over $4 billion in mortgage loans since 1997. Licensed in 19 states, Total Mortgage offers a variety of products and programs including fixed-rate loans, adjustable rate mortgage loans (ARMs), jumbo loans, FHA mortgages and more. Visit TotalMortgage.com for current mortgage rates, FHA mortgage rates, jumbo mortgage rates, ARM rates as well as other mortgage rates. For more information on Total Mortgage, please visit www.TotalMortgage.com.

Contact Information

John Lovallo

President

Lovallo Communications Group

Contact via E-mail