To guarantee a successful data conversion, it is mandatory these steps be followed as outlined. Any deviations must be cleared in advance with MC and approved by MC to avoid additional time and costs. The closer these steps are followed, the more efficient the conversion will be.

SCHEDULE CONVERSION
Mortgage Computer schedules four (4) to six (6) weeks in advance of the date a company projects to go live. This allows time to receive the test tape, write the conversion programs, deliver a side-by-side for you to review. A final tape conversion will be prepared just prior to implementation.

CONVERSION COST
The cost for a tape conversion is only $2,500 per tape plus $1.00 per loan. Includes one (1) Test Tape/File and a Final Tape/File in the same format as the Test Tape/File.

Additional tapes or reads are only charged at $750 per tape/read. If a tape cannot be read by Mortgage Computer, the cost is $750 per attempt. Make sure your software company prepares the correct tape for Mortgage Computer.

Mortgage Computer will convert your loans manually for you. If you have less than 300 loans, it is usually less costly and faster to provide Mortgage Computer with the information on each loan and they will enter the loans. The cost is approximately $10 - $15 per loan.

TAPE CONVERSION FORMAT FOR LOAN SERVICING
The tape must be in this format!

• 1600 BPI (non-labeled) 9-track tape
• ASCII, display usage
• Implied decimal place - no literal decimal
• No packed decimal fields
• Fixed length records
• Even-numbered record size
• 1600 BPI 9-track tape or FTP file(s) over Internet to: ftp.mcoffice.com/upload (secure)

Include a file layout of all files on the tape that includes the file name, size, total number of records, field descriptions, field size, and field format (numeric, alphanumeric, alpha, etc). Notify your computer software company that you need a complete tape of loans on your present mortgage system.