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64 SPECIAL ADVERTORIAL SECTION WATERFALLCALC.COM 5035 PLAINFIELD AVENUE, SUITE B » GRAND RAPIDS, MI 49525 » 616.570.0199 » waterfallcalc.com LENDERS & SERVICERS OUTSOURCERS AGENTS & BROKERS ATTORNEYS SERVICE PROVIDER COMPANY DESCRIPTION WaterfallCalc.com was programmed in response to the FHA Loss Mitigation Waterfall published in Mortgagee Letter 2013-32. It was designed to be a comprehensive home retention evaluation and calculation tool that is cost effective for even the smallest FHA servicer. WaterfallCalc.com is a collaboration between DLS Servicing Consultants, LLC and Worksmart Database Masters, LLC. DLS brings the Mortgage Servicing experience and Worksmart an equal amount of programing expertise. KEY PERSONNEL » » Donna»L»Schmidt,»Managing Director » » Andy»Tabisz,»Managing Director » » Brandi»Tankersley,»Account Representative btankersley@assistanceoptions.com BUSINESS LINES/SERVICES/PRODUCTS Key features: Waterfallcalc.com calculates the best loss mitigation option, in compliance with the FHA guidelines. Our system monitors seasoning eligibility, previous workout prohibitions, and prior partial claims for HAMP calculations, etc. Delivery platform: Cloud-based Key benefits: Easy import/export of data from servicing system, which allows for hundreds of files to be processed in a matter of minutes. System holds complete history and client has total access to submitted files. Pricing is on a per-loan basis, but bulk discounts are available for our larger clients. System also includes an optional export for the creation of loan modification and subordinate mortgage documents, utilizing the system calculations. User stats (i.e. number of users by sector/ job description, number of loans/transactions processed through platform, etc.) WHAT SETS YOU APART FROM YOUR COMPETITORS? Waterfallcalc.com is the only FHA Loss Mitigation calculation tool of its kind. It is the only option that selects the appropriate home retention option in addition to the correlating calculations. The ease of use, accuracy of results, and speed of processing time is unmatched. WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS? By choosing to use waterfallcalc.com, our clients are reducing risk or human errors, which saves them time and money. Clients who use WaterfallCalc.com are able to speed up the loss mitigation process in a way that ensures all deadlines are met. Clients who have used our system for at least one year will generally meet or exceed the Neighborhood Watch published workout ratios. The user's end cost is typically only 8% of the averaged incentive fees. END-USER CATEGORIES: » Lender/Servicer » Auditor WHAT ARE THE KEYS TO YOUR SUCCESS? » WaterfallCalc.com is comprehensive and cost effective, even for small servicers. » Flexible system capabilities that work for state housing agencies, credit unions, and private investors. BENEFITS: » Provides real time loss mitigation analysis or look back quality control evaluations. » Reduces staff training time for compliance specifications. » Follows the FHA Loss Mitigation Waterfall from Special Forbearance through HAMP, until the loan qualifies for an option or fails other qualification criteria, including when it is necessary to circle back and offer a Special Forbearance Plan (when only one of two borrowers is unemployed, yet they fail the HAMP option). » Does the analysis for best option and then performs the calculations for each option. » Produces reports that summarizes why an option could not be chosen and details of the calculations performed for approved option. » Allows you to consider borrower contributions to the delinquency prior to application – especially helpful during mediation hearings, adjusting the calculations accordingly. » System allows the user to delay the start of any plan when circumstances require – leading to a one and done approach to the review. » Ensures that a major workout cannot be approved within 24 months of the last major workout, but allows for a password override, if circumstances warrant (such as an FHA variance approval). » Typical processing time is under 10 minutes per loan. » The system will automatically waive all late charges associated with this delinquency for all options that pass, with the exception of the Forbearance/Repayment Plan. For this option the user can opt to allow the payment of the late charges to be included in the plan or waive. » Allows the user to enter legal fees and costs that can be capitalized into a loan modification, or if this is not permitted by the loan's Investor, they can be considered for inclusion in the partial claim only. » WaterfallCalc.com can accept key data elements from your servicing system and import them in batches. Some user entry is still required, but this feature will limit user entry mistakes and allow easy processing of servicing transfer due diligence files, etc. » Should the loan fail all available options, the system will evaluate if a formal forbearance plan that is 18 months or less is possible and then provide a report showing the breakdown of payment distributions. Warns that prior FHA approval is required. » An ability to order loan modification and/or Partial Claim Mortgage and Note documents (as applicable) directly from the system in compliance with all state and local jurisdiction recording formats, for an additional fee. Dramatically reducing typographical errors and delays in processing. ATERFALL W COM ALC. C

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