<TABLE>
<CAPTION>
Irwin Home Equity Loan-Backed Term Notes Series 2000-1
Master Servicer Certificate
Remittance Date: 11/27/2000
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% $ 99,805,909.24 $ 662,628.07 $ 194,090.76 $ 840,603.21 $ 99,627,934.10
A-2 6.74000% 41.390,792.09 255,726.11 726,207.91 988,005.14 40,658,513.06
A-3 7.46000% 34,321,000.00 220,474.29 0.00 220,474.29 34,321,000.00
A-4 7.66000% 17,221,000.00 113,591.63 0.00 113,591.63 17,221,000.00
A-5 7.78000% 16,163,000.00 108,283.12 0.00 108,283.12 16,163,000.00
A-6 7.96000% 27,178,000.00 186,290.09 0.00 186,290.09 27,178,000.00
A-7 7.65000% 49,647,301.98 327,051.60 352,698.02 729,822.49 49,244,531.09
A-8 6.86063% 65,237,183.43 410,233.16 562,816.57 1,515,622.63 64,131,793.96
IO-2 8.00000% 0.00 114,886.00 0.00 114,886.00 0.00
Totals $350,964,186.74 $2,399,164.06 $ 2,418,414.53 $ 4,817,578.59 $ 348,545,772.21
Certificates $ 3,235,716.55 $ 23,990.19 $ 3,952,433.96
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 10/25/00 11/26/00 33
All other Notes and Certificates 10/01/00 10/31/00 31
</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 $ 6.62628066 $ 1.77975140 $ 8.40603206 $ 996.27934100
A-2 42,117,000.00 6.07180261 17.38678040 23.45858301 965.37058812
A-3 34,321,000.00 6.42388889 0.00 6.42388889 1,000.00000000
A-4 17,221,000.00 6.59611111 0.00 6.59611111 1,000.00000000
A-5 16,163,000.00 6.69944444 0.00 6.69944444 1,000.00000000
A-6 27,178,000.00 6.85444444 0.00 6.85444444 1,000.00000000
A-7 50,000,000.00 6.54103204 8.05541780 14.59644984 984.89062180
A-8 65,800,000.00 6.23454643 16.79923207 23.03377850 974.64732462
Total $352,800,000.00
</TABLE>
<TABLE>
Collateral Collections Summary
<S> <C> <C>
Aggregate Collections: Group I Group II
Home Equity Mortgage Loans - HELs $825,270.65 $459,850.39
High LTV Mortgage Loans - HEL125 NA $824,663.44
Home Equity Line of Credit- HELOC NA NA
Total Collections $825,270.65 $1,284,513.83
Interest Collections
Home Equity Mortgage Loans - HELs $548,285.60 $200,295.42
High LTV Mortgage Loans - HEL125 NA $598,985.48
Home Equity Line of Credit- HELOC NA NA
Total Interest Collections $548,285.60 $799,280.90
Principal Collections
Home Equity Mortgage Loans - HELs $276,985.05 $259,554.97
High LTV Mortgage Loans - HEL125 NA $225,667.96
Home Equity Line of Credit- HELOC NA NA
Total Principal Collections $276,985.05 $485,232.93
Additional Balances Purchased (Group IV HELOCs)
Net Principal Collections for Group IV
Prepayment Penalties Collected $3,510.10 $5,358.54
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 $882.65 $2,378.03
Periodic Advance $67,853.19 $104,791.82
less Servicing Fee $34,015.64 $41,590.12
less Periodic Advance Repayment $51,811.62 $93,608.02
Amount to be Transferred to the Trustee Collection Account $811,689.33 $1,261,844.09
Amount to be Transferred to the Funding Account $276,985.05 $0.00
Amount to be Transferred from the Capitalized Interest Account $332,865.73 $472,594.22
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 $1,285,121.04
High LTV Mortgage Loans - HEL125 $644,742.45 NA $1,469,405.89
Home Equity Line of Credit- HELOC NA $1,768,265.18 $1,768,265.18
Total Collections $644,742.45 $1,768,265.18 $4,522,792.11
Interest Collections
Home Equity Mortgage Loans - HELs NA NA $748,581.02
High LTV Mortgage Loans - HEL125 $371,787.76 NA $970,773.24
Home Equity Line of Credit- HELOC NA $432,637.07 $432,637.07
Total Interest Collections $371,787.76 $432,637.07 $2,151,991.33
Principal Collections
Home Equity Mortgage Loans - HELs NA NA $536,540.02
High LTV Mortgage Loans - HEL125 $272,954.69 NA $498,632.65
Home Equity Line of Credit- HELOC NA $1,335,628.11 $1,335,628.11
Total Principal Collections $272,954.69 $1,335,628.11 $2,370,800.78
Additional Balances Purchased (Group IV HELOCs) $392,118.61
Net Principal Collections for Group IV $943,509.50
Prepayment Penalties Collected $4,457.77 $10,663.78 $23,990.19
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 $1,381.03 $3,372.03 $8,013.75
Periodic Advance $44,277.24 $48,191.99 $265,114.24
less Servicing Fee $17,858.69 $22,735.33 $116,199.78
less Periodic Advance Repayment $38,363.55 $39,287.66 $223,070.85
Amount to be Transferred to the Trustee Collection Account $638,636.26 $1,376,351.38 $4,088,521.05
Amount to be Transferred to the Funding Account $276,985.05
Amount to be Transferred from the Capitalized Interest Account $141,600.04 $165,037.48 $1,112,097.47
Amount to be Transferred from the Prefunding Account
</TABLE>
Distribution Summary
<TABLE>
<S> <C> <C>
Prepayment Penalty and Fee Summary Group I Group II
Prepayment Penaties (due to the Certificateholders) $3,510.10 $5,358.54
Premium for the Policy (due to the Enhancer) $23,246.52 $31,626.35
Indenture Trustee Fee (due to the Indenture Trustee) $210.19 $285.50
Total Prepayment Penalties and Fees $26,966.80 $37,269.95
Noteholder Distribution Summary
Class A-1 through A-8 Notes Interest Distribution $662,628.07 $884,365.24
Class IO-2 Note Interest Distribution NA $80,524.09
Base Principal Distribution Amount $0.00 $485,232.93
Additional Principal Distribution Amount $177,975.14 $247,046.10
Total Noteholder Distribution Amount $840,603.21 $1,697,168.36
Excess Spread $177,975.14 $247,046.10
Certificateholder Distribution Summary
Certificateholder Prepayment Penalty Amount $3,510.10 $5,358.54
Certificateholder Excess Interest Amount $0.00 $0.00
Total Certificateholder Distribution Amount $3,510.10 $5,358.54
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) $4,457.77 $10,663.78 $23,990.19
Premium for the Policy (due to the Enhancer) $11,490.39 $14,964.09 $81,327.35
Indenture Trustee Fee (due to the Indenture Trustee) $103.73 $138.37 $737.35
Total Prepayment Penalties and Fees $16,051.89 $25,766.24 $106,054.88
Noteholder Distribution Summary
Class A-1 through A-8 Notes Interest Distribution $327,051.60 $410,233.16 $2,284,278.06
Class IO-2 Note Interest Distribution $34,361.91 NA $114,886.00
Base Principal Distribution Amount $272,954.69 $943,509.50 $1,701,697.12
Additional Principal Distribution Amount $129,816.20 $161,879.97 $716,717.41
Total Noteholder Distribution Amount $764,184.40 $1,515,622.63 $4,817,578.59
Excess Spread $129,816.20 $161,879.97 $716,717.41
Certificateholder Distribution Summary
Certificateholder Prepayment Penalty Amount $4,457.77 $10,663.78 $23,990.19
Certificateholder Excess Interest Amount $0.00 $0.00 $0.00
Total Certificateholder Distribution Amount $4,457.77 $10,663.78 $23,990.19
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 $54,036,063.41 $20,556,627.73
High LTV Mortgage Loans - HEL125s NA $47,523,086.68
Home Equity Line of Credit- HELOCs NA NA
Total $54,036,063.41 $68,079,714.41
Ending Pool Balance
Home Equity Mortgage Loans - HELs $53,759,078.36 $20,297,072.76
High LTV Mortgage Loans - HEL125s NA $47,297,408.72
Home Equity Line of Credit- HELOCs NA NA
Total $53,759,078.36 $67,594,481.48
Beginning # 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
Ending # of Mortgage Loans
Home Equity Mortgage Loans - HELs 1567 310
High LTV Mortgage Loans - HEL125s NA 1339
Home Equity Line of Credit- HELOCs NA NA
Total 1567 1649
Weighted Average Mortgage Interest Rate 12.410% 14.198%
Overcollateralization Summary
Overcollateralization Target Amount $5,563,985.84 $8,645,730.09
Beginning Overcollateralization Amount $1,357,469.62 $551,811.96
Beginning Overcollateralization Deficiency Amount $4,206,516.22 $8,093,918.13
Additional Principal Distribution Amount $177,975.14 $247,046.10
Ending Overcollateralization Amount $1,535,444.76 $798,858.06
Ending Overcollateralization Deficiency Amount $4,028,541.08 $7,846,872.03
</TABLE>
<TABLE>
Pool Summary continued
<S> <C> <C> <C>
Beginning Pool Balance Group III Group IV Total
Home Equity Mortgage Loans - HELs NA NA $74,592,691.14
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 $192,330,617.93
Ending Pool Balance
Home Equity Mortgage Loans - HELs NA NA $74,056,151.12
High LTV Mortgage Loans - HEL125s $29,517,582.40 NA $76,814,991.12
Home Equity Line of Credit- HELOCs NA $39,480,793.52 $39,480,793.52
Total $29,517,582.40 $39,480,793.52 $190,351,935.76
Beginning # 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
Ending # of Mortgage Loans
Home Equity Mortgage Loans - HELs NA NA 1877
High LTV Mortgage Loans - HEL125s 872 NA 2211
Home Equity Line of Credit- HELOCs NA 847 847
Total 872 847 4935
Weighted Average Mortgage Interest Rate 15.100% 12.160% 13.410%
Overcollateralization Summary
Overcollateralization Target Amount $3,275,000.00 $3,740,913.71 $21,225,629.64
Beginning Overcollateralization Amount $144,611.78 $1,181,823.19 $3,235,716.55
Beginning Overcollateralization Deficiency Amount $3,130,388.22 $2,559,090.52 $17,989,913.09
Additional Principal Distribution Amount $129,816.20 $161,879.97 $716,717.41
Ending Overcollateralization Amount $274,427.98 $1,343,703.16 $3,952,433.96
Ending Overcollateralization Deficiency Amount $3,000,572.02 $2,397,210.55 $17,273,195.68
</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 $227,059.62 $333,156.26
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account $227,059.77 $333,156.26
Ending Account Balance $46,853,167.62 $68,745,889.64
Funding Account Summary Group I
Beginning Account Balance $274,147.83
Principal Collections Deposited $276,985.05
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 $551,132.88
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 $227,059.77 $333,156.26
less Transfers to Transferor $0.00 $0.00
less Capitalized Interest Requirement $332,865.73 $472,594.22
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 $96,930.65 $125,975.50 $783,122.18
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account $96,930.65 $125,975.50 $783,122.18
Ending Account Balance $20,001,376.67 $25,994,703.60 $161,595,137.53
Funding Account Summary Total
Beginning Account Balance $274,147.83
Principal Collections Deposited $276,985.05
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 $551,132.88
Next Payment Date a Subsequent Transfer Date
Associated Expected Subsequent Transfer Balance
Capitalized Interest Account Summary Group III Group IV Total
Beginning Account Balance $3,747,428.55
Reinvestment Earnings $22,068.12
Transfers from the Prefunding Account $96,930.65 $125,975.50 $783,122.18
less Transfers to Transferor $0.00 $0.00 $0.00
less Capitalized Interest Requirement $141,600.04 $165,037.48 $1,112,097.47
Ending Account Balance $3,440,521.38
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 7 2 0 0 NA NA
As a % of Group I Ending # of Loans 0.447% 0.128% 0.000% 0.000%
Group II
Home Equity Mortgage Loans - HELs 1 1 0 0 NA NA
As a % of Ending # Group II of HELs 0.323% 0.323% 0.000% 0.000%
High LTV Mortgage Loans - HEL125s 11 6 3 0 0 0
As a % of Ending # of Group II HEL125s 0.822% 0.448% 0.224% 0.000%
Total Group II 12 7 3 0
As a % of Total Group II Ending # of Loans 0.728% 0.424% 0.182% 0.000%
Group III
High LTV Mortgage Loans - HEL125 8 1 2 0 NA NA
As a % of Group III Ending # of Loans 0.917% 0.115% 0.229% 0.000%
Group IV
Home Equity Line of Credit- HELOC 6 1 1 0 NA NA
As a % of Group IV Ending # of Loans 0.708% 0.118% 0.118% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs 8 3 0 0 NA NA
As a % of Total Ending # of HELs 0.426% 0.160% 0.000% 0.000%
High LTV Mortgage Loans - HEL125s 19 7 5 0 NA NA
As a % of Total Ending # of HEL125s 0.859% 0.317% 0.226% 0.000%
Home Equity Line of Credit- HELOCs 6 1 1 0 NA NA
As a % of Total Ending # of HELOCs 0.708% 0.118% 0.118% 0.000%
Grand Total 33 7 6 0
As a % of Grand Total Ending # of Loans 0.669% 0.141% 0.122% 0.000%
</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 0.000% 0.000%
High LTV Mortgage Loans - HEL125s 0 0
As a % of Ending # of Group II HEL125s 0.000% 0.000%
Total Group II 0 0
As a % of Total Group II Ending # of Loans 0.000% 0.000%
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 0.000% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs 0 0
As a % of Total Ending # of HELs 0.000% 0.000%
High LTV Mortgage Loans - HEL125s 0 0
As a % of Total Ending # of HEL125s 0.000% 0.000%
Home Equity Line of Credit- HELOCs 0 0
As a % of Total Ending # of HELOCs 0.000% 0.000%
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 $238,710.60 $62,443.63 $0.00 $0.00 NA NA
As a % of Group I Ending Pool Balance 0.444% 0.116% 0.000% 0.000%
Group II
Home Equity Mortgage Loans - HELs $30,000.00 $9,954.56 $0.00 $0.00 NA NA
As a % of Group II HEL Ending Pool Balance 0.148% 0.049% 0.000% 0.000%
High LTV Mortgage Loans - HEL125s $357,922.29 $154,968.43 $154,405.87 $0.00 NA NA
As a % of Group II HEL125 Ending Pool Balance 0.757% 0.328% 0.326% 0.000%
Total Group II $387,922.29 $164,922.99 $154,405.87 $0.00
As a % of Group II Ending Pool Balance 0.574% 0.244% 0.228% 0.000%
Group III
High LTV Mortgage Loans - HEL125s $299,341.24 $17,499.22 $45,713.54 $0.00 NA NA
As a % of Group III Ending Pool Balance 1.014% 0.059% 0.155% 0.000%
Group IV
Home Equity Line of Credit- HELOCs $234,167.19 $14,863.96 $15,000.00 $0.00 NA NA
As a % of Group IV Ending Pool Balance 0.593% 0.038% 0.038% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs $268,710.60 $72,398.19 $0.00 $0.00 NA NA
As a % of Total HEL Ending Pool Balance 0.363% 0.098% 0.000% 0.000%
High LTV Mortgage Loans - HEL125 $657,263.53 $172,467.65 $200,119.41 $0.00 NA NA
As a % of Total HEL125 Ending Pool Balance 0.856% 0.225% 0.261% 0.000%
Home Equity Line of Credit- HELOCs $234,167.19 $14,863.96 %15,000.00 $0.00 NA NA
As a % of Total HELOCs Ending Pool Balance 0.593% 0.038% 0.038% 0.000%
Grand Total $1,160,141.33 $259,729.80 $215,119.41 $0.00
As a % of Grand Total Ending Pool Balance 0.609% 0.136% 0.113% 0.000%
</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 0.000% 0.000%
Group II
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Group II HEL Ending Pool Balance 0.000% 0.000%
High LTV Mortgage Loans - HEL125s $0.00 $0.00
As a % of Group II HEL125 Ending Pool Balance 0.000% 0.000%
Total Group II $0.00 $0.00
As a % of Group II Ending Pool Balance 0.000% 0.000%
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 0.000% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Total HEL Ending Pool Balance 0.000% 0.000%
High LTV Mortgage Loans - HEL125
As a % of Total HEL125 Ending Pool Balance
Home Equity Line of Credit- HELOCs $0.00 $0.00
As a % of Total HELOCs Ending Pool Balance 0.000% 0.000%
Grand Total $0.00 $0.00
As a % of Grand Total Ending Pool Balance 0.000% 0.000%
</TABLE>
