MortgageIT, Inc. is a leading New York City-based mortgage lender, providing retail, wholesale and correspondent lending products and services in all 50 states. MortgageIT, Inc. originates residential mortgage loans of all types, including prime adjustable-rate (ARM) and fixed-rate, first-lien residential mortgage loans, sub-prime mortgage loans, home equity lines of credit, and second lien loans. MortgageIT, Inc. was founded as a start up in 1988 as a New York City mortgage broker, was built into one of the nation's largest independent mortgage lenders, and in July 2004, spawned a publicly traded self-originating mortgage REIT, MortgageIT Holdings, Inc. (NYSE: MHL). In 2000, MortgageIT expanded into mortgage banking and wholesale lending. Today, MortgageIT is a growing Top 25 lender that originated approximately $29 billion in wholesale, retail and correspondent loans in 2005 and continues to build a network of established offices across the United States with seasoned management that averages more than 20 years of industry experience. The Company has more than 2,200 employees working from more than 50 branch offices. MortgageIT offers superior service, competitive mortgage loan products and related services through four business channels: Retail Lending, Wholesale Lending, Correspondent Lending, and Title Closing/Settlement Services (HomeCloser, LLC, and Urbistar Settlement Services, LLC).