<TABLE>
<CAPTION>
Irwin Home Equity Loan-Backed Term Notes Series 2000-1
Master Servicer Certificate
Remittance Date: 10/25/2000
Certificate Summary
Noteholder Distribution Summary
Beginning Ending
Note Note Interest Principal Aggregate Note
Class Rate Balance Distribution Distribution Distribution Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 7.71000% $100,000,000.00 $ 642,500.00 $ 194,090.76 $ 836,590.76 $ 99,805,909.24
A-2 6.74063% 42.117,000.00 228,693.29 726,207.91 954,901.20 41,390,792.09
A-3 7.46000% 34,321,000.00 213,362.22 0.00 213,362.22 34,321,000.00
A-4 7.66000% 17,221,000.00 109,927.38 0.00 109,927.38 17,221,000.00
A-5 7.78000% 16,163,000.00 104,790.12 0.00 104,790.12 16,163,000.00
A-6 7.96000% 27,178,000.00 180,280.73 0.00 180,280.73 27,178,000.00
A-7 7.65000% 50,000,000.00 318,750.00 352,698.02 671,448.02 49,647,301.98
A-8 6.86063% 65,800,000.00 363,651.50 562,816.57 926,468.07 65,237,183.43
IO-2 8.00000% 0.00 111,180.00 0.00 111,180.00 0.00
Totals $352,800,000.00 $2,273,135.24 $ 1,835,813.26 $ 4,108,948.50 $ 350,964,186.74
Certificates $ 2,399,220.34 $ 28,231.72 $ 3,235,716.19
LIBOR 6.62063%
</TABLE>
<TABLE>
Interest Period Interest Period Number of Interest
Begin End Accrual Days
<S> <C> <C> <C>
Class A-2 and A-8 Notes 9/26/00 10/24/00 29
All other Notes and Certificates 9/01/00 09/30/00 30
</TABLE>
<TABLE>
<CAPTION>
Noteholder Distribution Factors Summary (Per $1000 Original Principal Amount)
Original Interest Principal Aggregate Ending
Note Distribution Distribution Distribution Note
Class Balance Amount Amount Amount Factor
<S> <C> <C> <C> <C> <C>
A-1 $100,000,000.00 $ 6.42500000 $ 1.94090760 $ 8.36590760 $ 998.05909240
A-2 42,117,000.00 5.42995194 17.24263148 22.67258342 982.75736852
A-3 34,321,000.00 6.21666667 0.00 6.21666667 1,000.00000000
A-4 17,221,000.00 6.38333333 0.00 6.38333333 1,000.00000000
A-5 16,163,000.00 6.48333333 0.00 6.48333333 1,000.00000000
A-6 27,178,000.00 6.63333333 0.00 6.63333333 1,000.00000000
A-7 50,000,000.00 6.37500000 7.05396040 13.42896040 992.94603960
A-8 65,800,000.00 5.52661861 8.55344331 14.08006192 991.44655669
Total $352,800,000.00
</TABLE>
<TABLE>
Collateral Collections Summary
<S> <C> <C>
Aggregate Collections: Group I Group II
Home Equity Mortgage Loans - HELs $813,365.87 $332,225.22
High LTV Mortgage Loans - HEL125 NA $858,106.04
Home Equity Line of Credit- HELOC NA NA
Total Collections $813,365.87 $1,190,331.26
Interest Collections
Home Equity Mortgage Loans - HELs $539,218.04 $201,773.85
High LTV Mortgage Loans - HEL125 NA $580,350.44
Home Equity Line of Credit- HELOC NA NA
Total Interest Collections $539,218.04 $782,124.29
Principal Collections
Home Equity Mortgage Loans - HELs $274,147.83 $130,451.37
High LTV Mortgage Loans - HEL125 NA $277,755.60
Home Equity Line of Credit- HELOC NA NA
Total Principal Collections $274,147.83 $408,206.97
Additional Balances Purchased (Group IV HELOCs)
Net Principal Collections for Group IV
Prepayment Penalties Collected $3,308.57 $5,961.44
Purchase/Repurchase Price of any Mortgage Loans Purchased $0.00 $0.00
Liquidation Proceeds $0.00 $0.00
Insurance Proceeds $0.00 $0.00
Substitution Adjustment Amounts $0.00 $0.00
Prepayment Interest Shortfall $672.11 $1,975.32
Periodic Advance $51,811.62 $93,608.02
less Servicing Fee $33,271.77 $40,829.63
less Periodic Advance Repayment $0.00 $0.00
Amount to be Transferred to the Trustee Collection Account $835,886.40 $1,251,046.41
Amount to be Transferred to the Funding Account $274,147.83 $0.00
Amount to be Transferred from the Capitalized Interest Account $301,659.55 $428,103.45
Amount to be Transferred from the Prefunding Account $0.00 $0.00
</TABLE>
<TABLE>
Collateral Collections Summary continued
<S> <C> <C> <C>
Aggregate Collections: Group III Group IV Total
Home Equity Mortgage Loans - HELs NA NA $1,145,591.09
High LTV Mortgage Loans - HEL125 $566,084.43 NA $1,424,190.47
Home Equity Line of Credit- HELOC NA $1,261,738.54 $1,261,738.54
Total Collections $566,084.43 $1,261,738.54 $3,831,520.10
Interest Collections
Home Equity Mortgage Loans - HELs NA NA $740,991.89
High LTV Mortgage Loans - HEL125 $357,998.19 NA $938,348.63
Home Equity Line of Credit- HELOC NA $389,644.20 $389,644.20
Total Interest Collections $357,998.19 $389,644.20 $2,068,984.72
Principal Collections
Home Equity Mortgage Loans - HELs NA NA $ 404,599.20
High LTV Mortgage Loans - HEL125 $208,086.24 NA $ 485,841.84
Home Equity Line of Credit- HELOC NA $872,094.34 $ 872,094.34
Total Principal Collections $208,086.24 $872,094.34 $ 1,762,535.38
Additional Balances Purchased (Group IV HELOCs) $489,070.50
Net Principal Collections for Group IV $383,023.84
Prepayment Penalties Collected $4,740.35 $14,221.36 $ 28,231.72
Purchase/Repurchase Price of any Mortgage Loans Purchased $0.00 $0.00 $0.00
Liquidation Proceeds $0.00 $0.00 $0.00
Insurance Proceeds $0.00 $0.00 $0.00
Substitution Adjustment Amounts $0.00 $0.00 $0.00
Prepayment Interest Shortfall $1,225.59 $2,899.86 6,772.88
Periodic Advance $38,363.55 $39,287.66 223,070.85
less Servicing Fee $17,523.55 $22,604.72 114,229.67
less Periodic Advance Repayment $0.00 $0.00 0.00
Amount to be Transferred to the Trustee Collection Account $592,890.37 $806,472.20 $ 3,486,295.38
Amount to be Transferred to the Funding Account $ 274,147.83
Amount to be Transferred from the Capitalized Interest Account $128,322.89 $149,578.41 $ 1,007,664.31
Amount to be Transferred from the Prefunding Account $0.00 $0.00 0.00
</TABLE>
Distribution Summary
<TABLE>
<S> <C> <C>
Prepayment Penalty and Fee Summary Group I Group II
Prepayment Penaties (due to the Certificateholders) $3,308.57 $5,961.44
Premium for the Policy (due to the Enhancer) $23,288.05 $31,797.22
Indenture Trustee Fee (due to the Indenture Trustee) $210.76 $285.90
Total Prepayment Penalties and Fees $26,807.37 $38,044.56
Noteholder Distribution Summary
Class A-1 through A-8 Notes Interest Distribution $642,500.00 $837,053.74
Class IO-2 Note Interest Distribution NA $77,843.64
Base Principal Distribution Amount $0.00 $408,206.97
Additional Principal Distribution Amount $194,090.76 $318,000.94
Total Noteholder Distribution Amount $836,590.76 $1,641,105.29
Excess Spread $194,090.76 $318,000.94
Certificateholder Distribution Summary
Certificateholder Prepayment Penalty Amount $3,308.57 $5,961.44
Certificateholder Excess Interest Amount $0.00 $0.00
Total Certificateholder Distribution Amount $3,308.57 $5,961.44
Liquidation Loss Amount $0.00 $0.00
Home Equity Mortgage Loans - HELs
High LTV Mortgage Loans - HEL125 NA
Home Equity Line of Credit- HELOC NA NA
Cumulative Loss Amount $0.00 $0.00
Home Equity Mortgage Loans - HELs
High LTV Mortgage Loans - HEL125 NA
Home Equity Line of Credit- HELOC NA NA
Servicing Default Occured? No No
Reserve Account Withdrawal $0.00 $0.00
Policy Draw Amount $0.00 $0.00
</TABLE>
<TABLE>
<S> <C> <C> <C>
Prepayment Penalty and Fee Summary Group III Group IV Total
Prepayment Penaties (due to the Certificateholders) $4,740.35 $14,221.36 $28,231.72
Premium for the Policy (due to the Enhancer) $11,584.37 $15,222.01 $81,891.64
Indenture Trustee Fee (due to the Indenture Trustee) $104.17 $139.17 $740.00
Total Prepayment Penalties and Fees $16,428.89 $29,582.54 $110,863.36
Noteholder Distribution Summary
Class A-1 through A-8 Notes Interest Distribution $318,750.00 $363,651.50 $2,161,955.24
Class IO-2 Note Interest Distribution $33,336.36 NA $111,180.00
Base Principal Distribution Amount $208,086.24 $383,023.84 $999,317.05
Additional Principal Distribution Amount $144,611.78 $179,792.73 $836,496.21
Total Noteholder Distribution Amount $704,784.38 $926,468.07 $4,108,948.50
Excess Spread $144,611.78 $179,792.73 $836,496.21
Certificateholder Distribution Summary
Certificateholder Prepayment Penalty Amount $4,740.35 $14,221.36 $28,231.72
Certificateholder Excess Interest Amount $0.00 $0.00 $0.00
Total Certificateholder Distribution Amount $4,740.35 $14,221.36 $28,231.72
Liquidation Loss Amount $0.00 $0.00 $0.00
Home Equity Mortgage Loans - HELs NA NA $0.00
High LTV Mortgage Loans - HEL125 NA $0.00
Home Equity Line of Credit- HELOC NA $0.00
Cumulative Loss Amount $0.00 $0.00 $0.00
Home Equity Mortgage Loans - HELs NA NA $0.00
High LTV Mortgage Loans - HEL125 NA $0.00
Home Equity Line of Credit- HELOC NA $0.00
Servicing Default Occured? No No
Reserve Account Withdrawal $0.00 $0.00 $0.00
Policy Draw Amount $0.00 $0.00 $0.00
</TABLE>
<TABLE>
POOL SUMMARY
<S> <C> <C>
Beginning Pool Balance Group I Group II
Home Equity Mortgage Loans - HELs $54,310,211.24 $20,687,079.10
High LTV Mortgage Loans - HEL125s NA $47,800,842.28
Home Equity Line of Credit- HELOCs NA NA
Total $54,310,211.24 $68,487,921.38
Ending Pool Balance
Home Equity Mortgage Loans - HELs $54,036,063.41 $20,556,627.37
High LTV Mortgage Loans - HEL125s NA $47,523,086.68
Home Equity Line of Credit- HELOCs NA NA
Total $54,036,063.41 $68,079,714.05
Beginning # of Mortgage Loans
Home Equity Mortgage Loans - HELs 1578 315
High LTV Mortgage Loans - HEL125s NA 1351
Home Equity Line of Credit- HELOCs NA NA
Total 1578 1666
Ending # of Mortgage Loans
Home Equity Mortgage Loans - HELs 1575 314
High LTV Mortgage Loans - HEL125s NA 1345
Home Equity Line of Credit- HELOCs NA NA
Total 1575 1659
Weighted Average Mortgage Interest Rate 12.411% 14.201%
Overcollateralization Summary
Overcollateralization Target Amount $5,563,985.84 $8,645,730.09
Beginning Overcollateralization Amount $1,163,378.86 $233,811.02
Beginning Overcollateralization Deficiency Amount $4,400,606.98 $8,411,919.07
Additional Principal Distribution Amount $194,090.76 $318,000.94
Ending Overcollateralization Amount $1,357,469.62 $551,811.60
Ending Overcollateralization Deficiency Amount $4,206,516.22 $8,093,918.49
</TABLE>
<TABLE>
Pool Summary continued
<S> <C> <C> <C>
Beginning Pool Balance Group III Group IV Total
Home Equity Mortgage Loans - HELs NA NA $74,997,290.34
High LTV Mortgage Loans - HEL125s $29,998,623.33 NA $77,799,465.61
Home Equity Line of Credit- HELOCs NA $40,807,326.86 $40,807,326.86
Total $29,998,623.33 $40,807,326.86 $193,604,082.81
Ending Pool Balance
Home Equity Mortgage Loans - HELs NA NA $74,592,690.78
High LTV Mortgage Loans - HEL125s $29,790,537.09 NA $77,313,623.77
Home Equity Line of Credit- HELOCs NA $40,424,303.02 $40,424,303.02
Total $29,790,537.09 $40,424,303.02 $192,330,617.57
Beginning # of Mortgage Loans
Home Equity Mortgage Loans - HELs NA NA 1893
High LTV Mortgage Loans - HEL125s 889 NA 2240
Home Equity Line of Credit- HELOCs NA 870 870
Total 889 870 5003
Ending # of Mortgage Loans
Home Equity Mortgage Loans - HELs NA NA 1889
High LTV Mortgage Loans - HEL125s 883 NA 2228
Home Equity Line of Credit- HELOCs NA 858 858
Total 883 858 4975
Weighted Average Mortgage Interest Rate 15.103% 12.140% 13.405%
Overcollateralization Summary
Overcollateralization Target Amount $3,275,000.00 $3,740,913.71 $21,225,629.64
Beginning Overcollateralization Amount 0.00 $1,002,030.46 $2,399,220.34
Beginning Overcollateralization Deficiency Amount $3,275,000.00 $2,738,883.25 $18,826,409.30
Additional Principal Distribution Amount $144,611.78 $179,792.73 $836,496.21
Ending Overcollateralization Amount $144,611.78 $1,181,823.19 $3,235,716.19
Ending Overcollateralization Deficiency Amount $3,130,388.22 $2,559,090.52 $17,989,913.45
</TABLE>
<TABLE>
Account Summary
<S> <C> <C>
Prefunding Account Summary Group I Group II
Beginning Account Balance $46,853,167.62 $68,745,889.64
Reinvestment Earnings $8,069.16 $11,839.57
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account $8,069.16 $11,839.57
Ending Account Balance $46,853,167.62 $68,745,889.64
Funding Account Summary Group I
Beginning Account Balance $0.00
Principal Collections Deposited $274,147.83
Interest Collections Deposited
Reinvestment Earnings
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account
Ending Account Balance $274,147.83
Next Payment Date a Subsequent Transfer Date? No
Associated Expected Subsequent Transfer Balance
Capitalized Interest Account Summary Group I Group II
Beginning Account Balance
Reinvestment Earnings
Transfers from the Prefunding Account $8,069.16 $11,839.57
less Transfers to Transferor $0.00 $0.00
less Capitalized Interest Requirement $301,659.56 $428,103.45
Ending Account Balance
Reserve Account Summary
Zero Balance and No Activity this Period
</TABLE>
<TABLE>
Account Summary continued
<S> <C> <C> <C>
Prefunding Account Summary Group III Group IV Total
Beginning Account Balance $20,001,376.67 $25,994,703.60 $161,595,137.53
Reinvestment Earnings $3,444.68 $4,476.87 $27,830.27
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account $3,444.68 $4,476.87 $27,830.27
Ending Account Balance $20,001,376.67 $25,994,703.60 $161,595,137.53
Funding Account Summary Total
Beginning Account Balance $0.00
Principal Collections Deposited $271,147.83
Interest Collections Deposited
Reinvestment Earnings
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account
Ending Account Balance $271,147.83
Next Payment Date a Subsequent Transfer Date
Associated Expected Subsequent Transfer Balance
Capitalized Interest Account Summary Group III Group IV Total
Beginning Account Balance $4,576,895.94
Reinvestment Earnings $788.24
Transfers from the Prefunding Account $3,444.68 $4,476.87 $27,830.27
less Transfers to Transferor $0.00 $0.00 $0.00
less Capitalized Interest Requirement $128,322.89 $149,578.41 $858,085.90
Ending Account Balance $3,747,428.55
Reserve Account Summary
Zero Balance and No Activity this Period
</TABLE>
Delinquency Summary Based on Number of Loans
<TABLE>
Does NOT include REOs & Foreclosures
<S> <C> <C> <C> <C> <C> <C>
30+ Days 60+ Days 90+ Days 120+ Days 150+ Days 180+ Days
Group I
Home Equity Mortgage Loans - HELs 8 1 0 0 NA NA
As a % of Group I Ending # of Loans 0.508% 0.063% 0.000% 0.000%
Group II
Home Equity Mortgage Loans - HELs 2 0 0 0 NA NA
As a % of Ending # Group II of HELs 0.637% 0.000%
High LTV Mortgage Loans - HEL125s 17 4 0 0 0 0
As a % of Ending # of Group II HEL125s 1.264% 0.297%
Total Group II 19 4 0 0
As a % of Total Group II Ending # of Loans 1.145% 0.241%
Group III
High LTV Mortgage Loans - HEL125 6 1 0 0
As a % of Group III Ending # of Loans 0.680% 0.113% 0.000% 0.000%
Group IV
Home Equity Line of Credit- HELOC 6 1 0 0 NA NA
As a % of Group IV Ending # of Loans 0.699% 0.117%
Grand Total
Home Equity Mortgage Loans - HELs 10 1 0 0 NA NA
As a % of Total Ending # of HELs 0.529% 0.053%
High LTV Mortgage Loans - HEL125s 23 5 0 0
As a % of Total Ending # of HEL125s 1.032% 0.224%
Home Equity Line of Credit- HELOCs 6 1 0 0 NA NA
Grand Total 39 7 0
As a % of Grand Total Ending # of Loans 0.784% 0.141%
</TABLE>
<TABLE>
Delinquency summary Based on Number of Loans continued
<S> <C> <C>
REO Foreclosures
Group I
Home Equity Mortgage Loans - HELs 0 0
As a % of Group I Ending # of Loans 0.000% 0.000%
Group II
Home Equity Mortgage Loans - HELs 0 0
As a % of Ending # Group II of HELs
High LTV Mortgage Loans - HEL125s 0 0
As a % of Ending # of Group II HEL125s
Total Group II 0 0
As a % of Total Group II Ending # of Loans
Group III
High LTV Mortgage Loans - HEL125 0 0
As a % of Group III Ending # of Loans 0.000% 0.000%
Group IV
Home Equity Line of Credit- HELOC 0 0
As a % of Group IV Ending # of Loans
Grand Total
Home Equity Mortgage Loans - HELs 0 0
As a % of Total Ending # of HELs
High LTV Mortgage Loans - HEL125s 0 0
As a % of Total Ending # of HEL125s
Home Equity Line of Credit- HELOCs 0 0
Grand Total 0 0
As a % of Grand Total Ending # of Loans
</TABLE>
Delinquency Summary Based on Principal Balance
<TABLE>
Does NOT include REOs and Foreclosures
<S> <C> <C> <C> <C> <C> <C>
Group I 30+ Days 60+ Days 90+ Days 120+ Days 150+ Days 180+ Days
Home Equity Mortgage Loans - HELs $247,819.72 $1,808.52 $0.00 $0.00 NA NA
As a % of Group I Ending Pool Balance 0.459% 0.003%
Group II
Home Equity Mortgage Loans - HELs $13,554.56 $0.00 $0.00 $0.00 NA NA
As a % of Group II HEL Ending Pool Balance 0.066%
High LTV Mortgage Loans - HEL125s $496,210.97 $141,618.27 $0.00 $0.00
As a % of Group II HEL125 Ending Pool Balance 1.044% 0.298%
Total Group II $509,765.53 $141,618.27 $0.00 $0.00
As a % of Group II Ending Pool Balance 0.749% 0.208%
Group III
High LTV Mortgage Loans - HEL125s $155,184.95 $18,268.44 $0.00 $0.00
As a % of Group III Ending Pool Balance 0.521% 0.061% 0.000% 0.000%
Group IV
Home Equity Line of Credit- HELOCs $243,962.44 $15,000.00 $0.00 $0.00 NA NA
As a % of Group IV Ending Pool Balance 0.604% 0.037%
Grand Total
Home Equity Mortgage Loans - HELs $261,374.28 $1,808.52 $0.00 $0.00 NA NA
As a % of Total HEL Ending Pool Balance 0.350% 0.002%
High LTV Mortgage Loans - HEL125 $651,395.92 $159,886.71 $0.00 $0.00
As a % of Total HEL125 Ending Pool Balance 0.843% 0.207%
Home Equity Line of Credit- HELOCs $243,962.44 $15,000.00 $0.00 $0.00 NA NA
Grand Total $1,156,732.65 $176,695.23 $0.00
As a % of Grand Total Ending Pool Balance 0.601% 0.092%
</TABLE>
<TABLE>
Delinquency Summary Based on Principal Balance continued
<S> <C> <C>
Group I REO Foreclosures
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Group I Ending Pool Balance
Group II
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Group II HEL Ending Pool Balance
High LTV Mortgage Loans - HEL125s $0.00 $0.00
As a % of Group II HEL125 Ending Pool Balance
Total Group II $0.00 $0.00
As a % of Group II Ending Pool Balance
Group III
High LTV Mortgage Loans - HEL125s $0.00 $0.00
As a % of Group III Ending Pool Balance 0.000% 0.000%
Group IV
Home Equity Line of Credit- HELOCs $0.00 $0.00
As a % of Group IV Ending Pool Balance
Grand Total
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Total HEL Ending Pool Balance
High LTV Mortgage Loans - HEL125
As a % of Total HEL125 Ending Pool Balance
Home Equity Line of Credit- HELOCs $0.00 $0.00
Grand Total
As a % of Grand Total Ending Pool Balance
</TABLE>
