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LENDER/SERVICER PROFILE SPECIAL SERVICER RoundPoint Mortgage Servicing Corporation key personnel company vitals Dave Worrall President Headquarters: Charlotte, North Carolina Take a look inside the numbers Phone: 877.426.8805 || 866.559.8716 Brad Johnson SVP, Portfolio Management Staffing s tat e s s e r v ic e d* Online: RPMServicing.com || RoundPointMortgage.com RoundPoint Mortgage Servicing Corporation is a wholly owned subsidiary of RoundPoint Financial Group, Inc., part of the Tavistock Group of companies. Tavistock is a global, private investment company founded 30 years ago. RoundPoint Mortgage Servicing was founded in 2007 to provide asset management and high-touch servicing for investors of distressed residential mortgage assets. Its sister company RoundPoint Mortgage Company, also founded in 2007, provides select refinancing programs to help customers stay in their homes. » Servicing staff: 154 »Maintains a low number of accounts per employee which allows for focused servicing of distressed assets, according to Fitch » Servicing sites: 3 servicing summary * Portfolio Stats » Residential servicing portfolio: 29,308 loans; $3.78B (UPB) » Composition: 24% subprime, 82% special servicing, primarily agency-backed loans » Third-party servicing: Owns less than 2% of loans serviced » Retains MSRs to a portion of new loans originated by sister company, RoundPoint Mortgage Company Portfolio Growth Loan Count » Q1 2012: 29,308 » Q1 2011: 22,200 » Annual Change: +32% Unpaid Principal Balance (UPB) » Q1 2012: $3.78B » Q1 2011: $2.95B » Annual Change: +28% Loss Mitigation Stats (Monthly Averages) »First-time mods: 62 »Second mods: 6 »Short sales: 3.5 »Deeds-in-lieu: 48.4 »Foreclosures in/out: 224/71 REO Stats »Properties in/out per month: 72/59 »Avg. age of REO portfolio: 215 days »Avg. days from foreclosure sale to REO sale: 268 *As of March 31, 2012 Texas company's l atest 13.3% California July 7, 2012 Fitch Affirms RoundPoint Mortgage Servicing Corporation's U.S. RMBS Servicer Ratings; Outlook Positive Fitch Ratings has affirmed RoundPoint Mortgage Servicing Corporation's primary servicer rating for subprime product at 'RPS3' with a positive outlook and special servicer rating at 'RSS3' with a positive outlook. A leading national mortgage servicing company, RoundPoint plays an integral role in servicing credit-sensitive loans while helping investors mitigate losses. RoundPoint's efforts center on working with borrowers to provide the best customer experience and ensuring investors achieve superior credit performance while remaining in compliance with today's rapidly changing regulatory framework. —PR Newswire January 30, 2012 Online Mortgages Boom Despite Housing Bbust With mortgage rates at historic lows and consumers' power through social media at an all-time high, those looking to buy homes or refinance can find the combination advantageous if they go online to shop for a mortgage . . . . The ability to comparison shop and see what others think has been a boon to the concept of online mortgages. At one lender, RoundPoint Mortgage, those reviews are seen as impetus for change in how customers are handled. "Those reviews for us, we describe them as pouring water over a leaky inner tube," company president Nick Florez said. "We can see what's wrong right away." —Reuters key technology Servicing: LPS' Mortgage Servicing Package (MSP), BackintheBlack (BITB) Loan Workout: Customer Care Net (CCN) borrower website Investor: Proprietary SBX investor portal with loan-level access Servicing Aquisitions: Automated reconciliation of boarded loans Security: SAS 70 Type II (SSAE 16) Certified servicer r atings Fitch Ratings: » Residential Primary Servicer, Subprime » RPS3; Residential Special Servicer » RSS3 11.9% Florida 11.4% Alabama 9.3% North Carolina servicing philosophy "RoundPoint Mortgage Servicing Corporation is a borrower-focused company. Our mission is simple: promote and preserve homeownership for our customers. We do that by working in concert with borrowers, and we understand that to really help a borrower through mortgage issues, it is imperative to understand that borrower's unique personal and financial situation. "We do not have a large legacy portfolio that will distract us from servicing loans at the highest level of quality. We believe it is imperative to keep low loan-to-staff ratios. This high-touch, low-ratio approach differentiates us from our competition." —RoundPoint origination summary » RoundPoint Mortgage Company licensed in 47 states and D.C. » Maintains FHA, USDA approvals Sources: RoundPoint Mortgage Servicing Corporation (1/18/2013, 1/29/2013), RoundPoint Mortgage Company (1/18/2013), Fitch Ratings (8/13/2012, 7/3/2012) 92 7.8% *By loan count as of January 29, 2013