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» VISIT US ONLINE @ DSNEWS.COM 73 COMPANY DESCRIPTION ShortSave is a digital self-service solution for loss mitigation that captures data from the borrower first and then populates required paperwork. Downwardly directed by lenders, ShortSave focuses on a consumer experience, and through the platform's data capture capabilities, analytics, KPIs, and compliance tracking become real time and transparent. By providing a better borrower experience without the embarrassment of human interaction, ShortSave is improving borrower response rates and increasing success in default workouts. KEY PERSONNEL » » Karl»Falk,»Founder & CEO » » Imraan»Ali,»Strategic Advisor » » Kevin»Hincker,»Chief Technology Officer COMPANY HISTORY » Process patent filed in November 2014 » 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 a real answer without bombarding them with every option and having them understand the nuances of every program out there. » Focus is on data first, then paperwork. » Data capture at the point of entry reduces human error and delay. » 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 programs 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 the servicer's focus is on data and not paperwork, analytics and a clear line-of-sight into compliance becomes real time and auditable. WHAT SETS THEM APART FROM THEIR 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 Ps"—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 THEY BRING TO THEIR CLIENTS? For servicers, ShortSave provides another means by which distressed borrowers can communicate with them. 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 CFPB. In a traditional servicing model, the borrower has only options of filling out paperwork and/ or calling the lender and talking with a specialist. Many times, technical hurdles with fax machines and scanners can be a problem, but not with ShortSave's patent pending systems. The standard 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. SHORTSAVE, INC. 15954 JACKSON CREEK PARKWAY, SUITE B572 » MONUMENT, COLORADO 80132 SHORT-SAVE.COM LENDERS & SERVICERS SPECIAL ADVERTORIAL SECTION

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