Altiva Financial Corporation - ATVA- Profile

Altiva Financial Corporation. Altiva Financial Corporation, a specialized consumer finance company funds, purchases, makes and sells consumer loans secured by deeds of trust on one-to-four family residences. Consumer loans primarily consist of conventional uninsured home improvement and debt consolidated loans which carry security of residential property. Overall the company's products include conventiaonal loans and Title I loans. The company makes secondary mortgage loans for the purpose of debt consolidation or creating liquidity from the borrower's home equity. Gain on sale of loans accounted for 74% of fiscal 1999 revenues, Interest income, 16%, Unrealized gain on mortgage related securities, 6% and Loan servicing income, 4%.