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As of June, 2007, Security National Master Holding Company, LLC (SNMHC) had assets
totaling $2.25 billion in loan portfolios. The Company finances its loan acquisition
and servicing business with warehouse lines provided by several major financial
institutions. To date, the Company has issued 19 term securitizations and three
liquidating trusts, with initial bond balances in excess of $2.39 billion.
The Company has enjoyed long-standing relationships with several major financial
institutions and has access to revolving credit facilities. The Company also has
access to the capital markets, where it regularly issues various structures. This
allows the company to manage warehouse capacity as well as hedge its interest rate
exposure.
Deloitte & Touche is SNMHC's external auditor and is involved in the year-end
audit as well as deal-specific projects. Additionally, the Company has established
an internal auditing department to review the company’s policies, procedures, risks
and controls. While SNMHC is not a public company and therefore not governed by
the Sarbanes-Oxley Act, they have been evaluated as substantially compliant with
the Act.
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