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» VISIT US ONLINE @ DSNEWS.COM 53 SPECIAL ADVERTORIAL SECTION SHORT SALE TECHNOLOGY/OUTSOURCER PROFILE Short Sales Technology and Outsourcing Profiles SPECIAL ADVERTORIAL SECTION Monument, Colorado Corporate Headquarters ShortSave, Inc. KEY PERSONNEL Karl Falk Founder & CEO Imraan Ali Strategic Advisor Kevin Hincker Chief Technology Officer Staffing » Number of company employees: 7 Business lines, services and products: » Default servicing » loan modifications » deed-in-lieu » short sale » loan workouts » default compliance CORPORATE DETAILS: 15954 Jackson Creek Parkway, Suite B572 | Monument, Colorado 80132 COMPANY DESCRIPTION Default software that is downward directed by the lender that focuses on the best borrower experience and data for analytics and compliance purposes. COMPANY HISTORY » Process patent filed in November 2013 » First live note processed in May 2014 • KEY FEATURES » Provides a borrower experience that is intuitive and easy to understand when a borrower needs a default workout. » Provides a digital "single point of contact" and ability to digitally communicate with their lender to get a decision. » Higher borrower engagement percentages; the human embarrassment and confrontational aspect of a difficult situation is removed. » Provides a simple, easy-to-understand way forward, allowing the borrower the ability to easily choose options that make sense to them and removing the complexity of the situation for the borrower. » The borrower is provided real options without having to understand the nuances of every program out there. » Focus is on data first, not paperwork. » Auto generation of standard forms (MHA RMA, 710 etc) so the document is correct and accurate. » With data-focused solutions, borrowers and lenders have two-way transparency to the actual status. » Transparency for the lender includes time and date- stamped events that are not hand-forced entry and line-of-site compliance tracking. » Borrower receives live contact communication and status updates via text messaging and email. » A non-discriminatory, neutral environment that works the same regardless of race, color, creed, or gender. » Future capabilities will include ability for Non- English Proficient borrowers to engage more easily. The program and related paperwork available to a defaulted borrower may be confusing, but the process by which they request assistance doesn't have to be. When the borrower has the best possible experience without human embarrassment and you focus on data and not paperwork, analytics and clear line of sight into compliance becomes a reality. WHAT SETS YOU APART FROM YOUR COMPETITORS? No one else in the default servicing space is using self-service technology to create a positive and effective experience for borrowers in need of foreclosure alternative solutions. ShortSave has taken, from the borrower's perspective, a difficult, embarrassing, and often frustrating process and turned it into a simple, non-threatening, expedited experience. Due to ShortSave's focus on data and algorithms versus the "three P's" – People, Paperwork, and the Processes that have been in place for 40 years – servicers will continue to see the ability to turn more success and exceed CFPB guidelines with less reliance on human capital and associated costs. By leveraging the pieces of the transaction (data and the algorithms) to guide the borrower and lender, ShortSave can allow the borrower to have the best possible experience and give the lender the compliance insight they require. WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS? For servicers, ShortSave provides another means by which they can communicate with distressed borrowers. By taking this process online and eliminating the embarrassment factor of dealing with a person, a higher percentage of borrowers respond, explore their options, and continue engaging with the servicer even if they are not eligible for a loan modification, deed-in-lieu, short sale, etc. Furthermore, ShortSave also offers visibility into compliance by capturing data on the front end, rather than paperwork. ShortSave generates the appropriate paperwork, but only after capturing the data. This provides the servicer with, among other things, insight into the frequency and quality with which servicers are communicating with those borrowers – all of which is key to meeting the servicing requirements set forth by the Consumer Financial Protection Bureau. In a traditional servicing model, the borrower has only options of filling out paperwork and/or calling the lender and talking with a specialist. This model leaves out a high percentage of borrowers who don't want to interact with a human and just want an answer. The CFPB requiring every possible solution to engage the borrower with "live contact" also outlines electronic communication as live contact. ShortSave allows an introverted borrower that does not want to "talk" to communicate and explore a solution to their mortgage problem. National coverage

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