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» VISIT US ONLINE @ DSNEWS.COM 47 Asset Management Guide SPECIAL ADVERTORIAL SECTION KEY PERSONNEL Kevin Cloyd President Michael Dorner Senior Vice President Mike Chew Vice President Tom Huddleston SVP, Institutional Business Channel STAFFING: » Company Employees: 150 » Internal Agent Network: 2400 » Referral Network: 5000 » Field Services Network: 500+ » Property Manager Network: 300+ BUSINESS LINES/SERVICES: » Asset Management » Property Management CORPORATE STRENGTHS: » Reliable, proven performance » Risk management » Capacity and scalability » National Presence » Local market expertise » Competitive pricing » Transparency » The latest technology capabilities » Vendor quality control » Business process expertise INDUSTRY RECOGNIITION: » Morningstar MOR RV1 ranking 2014,2015 & 2016 » SAS 70 Report 2010, 2012 » SSAE 16/SOC 1 Type II Report 2013, 2014, 2015, 2016 CORPORATE DETAILS: 1600 S. Douglass Road Suite 130 A | Anaheim, CA 92806 | Michael.Dorner@CarringtonPS.com | 949-517-6728 | CarringtonPS.com BUSINESS SCOPE: Carrington Property Services, LLC is a provider of real estate marketing and management services for institutional property owners. The company prepares and executes a customized disposition plan for each individual property via a sales or rental strategy in order to maximize return to the investor. Carrington offers a comprehensive suite of flexible outsourced solutions to minimize risk for institutional owners of real estate who are looking for a cost-effective way to manage and market their assets. Carrington helps our clients create a variety of tailored property disposition solutions, including asset management oversight, retail and wholesale liquidations, property rental, and management solutions. Expertise across multiple U.S. markets is combined with personalized local market presence and supported by a national network of real estate and property management professionals, as well as a proprietary software application that allows Carrington to monitor and manage the assets in its care. COMPETITIVE ADVANTAGE: Carrington Property Services has a history of innovation. It was the first company to rent out REO homes on a national basis and was the first asset management company to offer a truly integrated approach to the business using an assortment of companies under the Carrington Holding Company umbrella. In November 2012, it unveiled the Carrington Property Network, an exclusive national network of leading residential real estate brokerage firms focused on REO sales—another industry first. Instead of managing a far-flung, loosely structured group of individual REO agents, Carrington Property Services partners with an established, carefully selected group of the nation's leading brokers and assists them in growing their businesses by participating in the distressed property market. Through our asset management continuum of companies, Carrington Property Services delivers tangible financial benefits to its clients in terms of increased cash realized (net proceeds to original list prices) while selling the assets within industry leading timeframes. CPS has a seasoned management team that effectively integrates their collective experience in asset management and major milestones through the mortgage lifecycle. New client implementations are managed through detailed project plans to create a seamless transition for all stake holders. THE CARRINGTON DIFFERENCE: What differentiates Carrington Property Services from its competition is a holistic approach to asset management. The company's integrated business model delivers high performance, national coverage through a central point of control, and provides access to the expertise of the entire Carrington family of companies, with services including financing, REO asset management, rental management, property preservation, property evaluations, title and escrow, and real estate sales. No other asset management company effectively offers all of this under one roof or has the flexibility to deliver as many of these capabilities on- demand as a client needs. Carrington's integrated business model is results oriented and designed to minimize costs while maximizing value. The company's approach has been proven to reduce days-on-market and deliver higher sales prices—and higher net margins—for its clients. It's a centralized, all-encompassing way of doing business that eliminates the need to manage numerous brokers and other counter parties in multiple markets, and its the company's ability to leverage multi-disciplinary expertise that helps clients make better business decisions. QUICK FACTS: » 2006 – CPS Asset Management created to liquidate REO Assets for Carrington's internal portfolio » 2010 – CPS began providing asset management services to 3rd parties » 2013 – Primary focus on providing 3rd party asset management services to banks, GSE's and Investors » 2014- Carrington received the Morningstar MOR RV1 ranking for Residential Vendor REO Asset Management and Residential Vendor Single-Family Rental Property Management in 2014, 2015, and 2016 » 2016 – CPS Asset Management oversees portfolios of reverse, USDA, and conventional assets for 5 unique clients » 42,000+ total properties managed since 2008 » 38,000+ properties sold since 2008 » 43B in REO sales since 2008 » 48,000+ units managed in various rental programs » Experienced and capable of on-boarding large volume portfolios in short timeframes » Demonstrates significant improvement in sales proceeds for clients' REO portfolios. » Operations in Anaheim, CA and Plano, TX. CARRINGTON PROPERTY SERVICES, LLC PROPERTY SERVICES