MReport Jan 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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36 | TH E M R EP O RT SPECIAL ADVERTISING SECTION: PROPERTY VALUATION GUIDE Springhouse Valuations ® , an Altisource® Business Unit KEY PERSONNEL Phil Huff President and CEO Amy Jo Plummer Senior Manager of Client Relations Chris Cunningham Manager of Valuation Sales George Paquette Chief Appraiser/Manager Valuations CONTACT INFORMATION 6404 International Parkway, Suite 1000 Plano, TX 75093 877.871.6948 Chris.Cunningham@ COMPANY DESCRIPTION Springhouse provides technology-enabled solutions to help address your specific valuation needs. Their technologies and deep data resources, coupled with a nationwide network of industry professionals, are fully scalable and entirely customizable. Springhouse helps reduce risk with continuous monitoring and knowledge of new laws and regulations. Specializing in residential appraisals, commercial appraisals, hybrid products and property reports that provide a rental analysis of any address, and commercial marketing and inspection services, Springhouse is relied upon by lenders to help close more loans, faster. COMPANY HISTORY Springhouse is a business unit of Altisource, a leader in providing services and technology for the mortgage and real estate industries. Founded in 2008 and acquired by Altisource in 2011, Springhouse continues to grow its client base by focusing on delivering high-quality valuation services nationwide. GEOGRAPHIC SCOPE AND COVERAGE AREA Nationwide network—thousands of brokers and appraisers with local expertise. REGULATORY COMPLIANCE Springhouse leverages a compliance management system (CMS) that tracks legislative, regulatory, and legal changes related to valuation services. The company's team of dedicated compliance specialists uses preventative and detective controls to help manage risk and comply with applicable laws. BUSINESS LINES, SERVICES, AND PRODUCTS In addition to traditional offerings—residential and commercial property appraisals, broker price opinions, comparative market analyses, property inspections and market data services, and commercial marketing inspection services— Springhouse also provides specialized services: • Data- and model-enhanced valuations • Custom hybrid valuations • Automated valuation model (AVM) applications • Single- and multi-value reconciliations • Centralized and traditional desk reviews • RentRange ® line of products • Forensic and buyback rebuttals • Legacy panel management • Risk management and business process outsourcing ADDED VAULE TO CLIENTS In addition to standard valuation services, Springhouse offers specialized solutions to solve complex requirements such as custom hybrid and data-enhanced valuations. COMPETITIVE ADVANTAGE • National AMC • Expansive network with localized market knowledge • Proven provider • Delivers an average of 530,000 valuations annually 1 • Efficient delivery • Single source for accurate, prompt valuations • Customer-centric • Dedicated client service teams focused on the customer-specific aspects of the process KEYS TO SUCCESS Springhouse's success is built on quality service, compliance, and adaptability. The company is an expert on where it can add value and customizes its products to meet its clients' unique needs. • Provided more than 3.4 million valuations since 2012 2 • More than 30,000 vendors in the network 3 KEY FEATURES/BENEFITS Reduce Risk Help lower your risk with Springhouse's continuous monitoring and knowledge of new laws and regulations. Nationwide Expertise Gain accurate, localized market knowledge through Springhouse's national network of internal associates and extensive panel of brokers to appraisers. Benefit from their team composed of industry leaders, proven professionals, and valuation innovators. Increase Efficiency Using Springhouse's proprietary technologies and deep data resources, help manage all applications for all valuations, whether origination or default, REO, and loan servicing. High-quality processes and controls help deliver rapid turnaround times with multilevel quality reviews and metrics. 1 Average annual volume 2012 – 2018 2 Q1 2012 – Q4 2017 3 As of Q4 2017

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