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TH E M R EP O RT | 11 THEMREPORT.COM citadelservicing.com 949-900-6630 For mortgage professionals only. This information is intended for the exclusive use of licensed real estate and mortgage lending professionals in accordance with local laws and regulations. Distribution to the general public is prohibited. Rates and programs are subject to change without notice. Citadel Servicing Corporation is an Equal Opportunity Employer and does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, disability, veteran status, or other classification protected by law. Wholesale / Correspondent Non-Prime Lending FIRST TO MARKET FIRST TO INNOVATE FIRST TO LEAD PARTNER WITH THE LEADER IN NON-PRIME of homeowners by diversifying their most concentrated investment—their homes. We will remain relentlessly laser-focused on the homeowner," John N. Osland, Senior Advisor at RRMC, said. Expanding Servicing PRETIUM ADDS SERVICING CAPABILITIES WITH SELENE ACQUISITION. P retium Partners, LLC has announced it has agreed to acquire Selene Holdings LLC from Oaktree Capital Management, L.P. and Ranieri Partners, LLC. Founded in 2012, Pretium Partners is an alternative asset-management firm with a focus on real estate, mortgage finance, and corporate credit. The firm seeks to capitalize on investment and lending oppor- tunities arising from the structural changes within the economy, the U.S. housing sector, and the mortgage finance market. "Selene is a best-in-class servicer that adds significant capabilities and expertise to Pretium's residential credit ecosystem," said Donald Mullen, Founder and CEO of Pretium. "We look forward to further invest- ing in Selene's technology and platform and working closely with management to best serve Pretium's investors and Selene's clients." Selene is the parent company of Selene Finance LP, a major residential mortgage servicing company and one of only two servicers in the U.S. to be a Ginnie Mae single-family master subservicer. Based out of Houston, Selene was founded in 2007 and provides service across all 50 states as a special servicer of nonperforming, reper- forming, REO, and performing loans. Selene Holdings also includes SelecTitle, a title ser- vices company, and New Diligence Advisors, a national third-party diligence and advisory services firm. "Selene has always been focused on providing flexible and creative servicing solutions to our clients," said Joe Pensabene, President and CEO of Selene. "We're excited to join with a partner who shares that ap- proach and commitment to the industry, and we look forward to continuing to expand our solutions for the residential credit mar- kets." While the financial details of the transac- tion haven't been disclosed, it is still subject to customary closing conditions and ap- proval by regulators, and is expected to close by mid-2019. Throughout the discussions, Sidley Austin LLP acted as legal counsel to Pretium. Houlihan Lokey acted as financial advisor to Selene and Buckley Sandler LLP acted as their counsel. "Pretium is a leader in residential credit," said Brian Laibow, Managing Director of Oaktree. "They have an institutional culture and a demonstrated history of growing customer-focused businesses. As we have built Selene with our clients, it was very important for Oaktree to partner with some- one who shares that vision. We're pleased to have found that in Pretium." Perfect Pairing ROOSTIFY INTEGRATES WITH ELLIE MAE'S ENCOMPASS DIGITAL MORTGAGE SOLUTION. R oostify, a California-based digital lending solution, announced that its platform now offers a bi-directional integration with Ellie Mae's Encompass digital mortgage lending platform. The seamless integration allows lenders to easily pass information between the two systems, driving quality and efficiency in the loan origination process. "The enhanced integration between the Roostify platform and the Encompass digital mortgage solution makes it easier than ever for lenders to move loans forward faster with fewer manual touches, reducing operating costs and further improving the consumer experience," said Sandeep Aji, VP of Products, Roostify. With the enhanced integration, lenders who use Roostify with Encompass will find their workflows significantly stream- lined. Applications created in Roostify will now automatically appear in Encompass, and uploaded documentation such as bank statements will be accessible in both systems. Consumers will also be able to review and sign Encompass-generated documents in Roostify, giving them a consistent, unified experience throughout their loan transaction. "We are pleased to partner with Ellie Mae on this enhanced integration that will further accelerate the home loan process," said Mark McLaughlin, SVP of Business Development, Roostify. "We believe our customers will benefit significantly from this industry-leading integration that will improve the loan process for consumers and lenders alike." Founded by consumers looking for a bet- ter way to buy a home, Roostify leads the industry in delivering accelerated and trans- parent digital lending experiences, process- ing over $8 billion a month in loans. From enterprise banks to independent mortgage lenders, lenders across the United States rely on Roostify to speed up closings, reduce risk and unnecessary work, and improve their customer's lending experience. The com- pany's highly secure, future-proof lending platform is trusted by some of the world's largest lenders.

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