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68 P R O P E R T Y VA L U AT I O N CARRINGTON PROPERTY SERVICES, LLC KEY PERSONNEL Kevin Cloyd President Matt Slonaker SVP, Institutional Business Channel Brian McGivern Director, Valuation Services Analytics Staffing ยป 137 Carrington Property Services/16 Carrington Price Pointe CORPORATE DETAILS: 1610 E. St. Andrew Place, Ste. B150, Santa Ana, California 92705 | 866.225.1780 | information@ carringtonps.com | carringtonps.com COMPANY DESCRIPTION: Carrington Price Pointe (CPP), a division of Carrington Property Services, LLC, is focused on providing diligence and valuation-related services to the mortgage and residential real estate investment industries. CPP has leveraged years of experience providing services to the originations, servicing, and investment affiliates of the Carrington family of companies to develop solutions tailored to the specific needs of each group. Carrington offers its clients creative and customized solutions based on each client's needs while providing insights it has honed over the years. COMPANY HISTORY : CPP began by providing multiple valuation and diligence services to the Carrington family of companies in 2003. The unprecedented market conditions experienced from 2007 onward spurred the development of products intended to better account for the dynamic market conditions. In 2013, CPP launched a new platform that drives at providing more accurate and reliable tools through the combination of Carrington's 11 years of practice and the integration of comprehensive data and market analytics. REGULATORY COMPLIANCE: All appraisal review services are performed in accordance with all Uniform Standards for Appraisal Practice (USPAP) standards and guidelines. BUSINESS LINES, SERVICES, AND PRODUCTS: CPP currently offers an array of services to support mortgage originations, servicing, as well as investments in mortgage loans and single-family rentals. One of the highlighted products is the BPO Plus, an update on the standard BPO that integrates MLS data and analytics that include an analyst's reconciliation, additional comps, and more in-depth QC. Diligence services include proprietary products that incorporate an agent inspection and value with a traditional collateral review and reconciliation. GEOGRAPHICAL SCOPE AND COVERAGE AREA: CPP offers national coverage. KEY FEATURES/BENEFITS: CPP's products and services are technology based and integrate MLS data to provide a more efficient and reliable result. CPP's history of supporting its capital markets, servicing, and originations affiliates allows it to appreciate the needs of clients from their perspective. COMPETITIVE ADVANTAGE: CPP is a unique provider of valuation-related services that grew from its desire to find solutions that better meet its clients' needs given the ever-changing market conditions. During the past 11 years, CPP has focussed on their ability to provide accurate and reliable results through their participation in non-performing loan trading, servicing distressed assets, and SFR rental acquisitions and management. ADDED VALUE: CPP is a member of the Carrington family of companies. As a result, CPP offers the expertise and resources of a valuations company, coupled with the legal, compliance, management, and business knowledge of all of the firm's affiliates. KEYS TO SUCCESS: CPP has a dedicated and experienced staff that is constantly looking for ways to improve and also ensure that every product and service the company provides is best in class. INDUSTRY AWARDS & ACCOLADES: In May 2014, Carrington Property Services received Morningstar's highest rating, MOR RV1, for both institutional asset management and rental property management. Both service verticals are supported by CPP's services and analytics. Since 2007, CPP has performed over 75,000 loan level servicing reviews, deployed their proprietary diligence product in the acquisi- tion of $5 billion in non-performing loans, and performed over 25,000 diligence and collateral reviews in support of trading operations. Additionally, CPP was an early entrant to the SFR rental diligence space and has performed diligence on $1.5 billion in SFR rental assets. Nationwide coverage Santa Ana, California Corporate Headquarters