TheMReport

March, 2013

TheMReport — News and strategies for the evolving mortgage marketplace.

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— Special Advertorial Section — Property valuation guide Feature Residential RealEstate Review Residential Realestate Review "Value | Trust | Relationships" Corporate Headquarters key personnel Joe Arico SVP Ann Woodbury VP of Business Development Jennifer Szczypkowski Director of Quality Assurance & Chief Appraiser Staffing: »Employees: 75 full-time staf »Network: Approximately 15,000 licensed agents and appraisers; 45 vendors contact information Ann Woodbury/ VP of Business Development Office: 801.293.2579 Cell: 801.209.2858 Email: ann.woodbury@rrreview.com 92 W. 3900 S. Salt Lake City, Utah 84107 Phone: 866.876.5095 Fax: 801.293.3597 Web: www.rrreview.com Corporate profile: Residential RealEstate Review (RRReview), was established to provide more accurate property values to servicers and investors at a time when there were fewer options. For more than 12 years, the company has focused on improving quality assurance and analytical tools to ensure that it continues to deliver the best value. In an uncertain real estate market and a rapidly changing regulatory environment, RRReview is committed to developing industry best practices, and the company continually updates review tools with appropriate data to ensure reliable values. As an industry leader, RRReview monitors regulatory and agency guidelines in order to maintain full compliance. BUSINESS SCOPE: RRReview boasts nationwide coverage, including Puerto Rico and the U.S. Virgin Islands. The company is a wholly owned subsidiary of SPS Holding Corp., a privately held company incorporated in the state of Delaware. COMPANY HISTORY: Founded in 1999 in Hatboro, Penn- sylvania, RRReview was established to provide property valuation products and inspection services to loan servicing organizations, whole loan investors, portfolio managers, and default service providers. In 2009, RRReview relocated its headquarters in Salt Lake City, Utah. KEYS TO SUCCESS: RRReview products and services feature online data entry with extensive validation checks, client-friendly order tracking, and reporting, and the company's products are delivered in an easy-to-read, comprehensive format. RRReview's clients have access to an investor portfolio area for secure online access to their selected products. Before any of its products are delivered, the company sends them through a three-tier quality control review to ensure that they meet the highest level of quality and compliance. Applications for RRReview's services include the following industry sectors: »» »» »» »» »» »» Mortgage Originations Mortgage Servicing Due Diligence Default Servicing Real Estate Investing Securitization The company's broker price opinion (BPO) services range from one-photo exterior inspections to full interior inspections with a complete set of photos and custom forms for the submission of standard BPOs and appraisals. Additionally, RRReview offers a full range residential appraisal products that are completed by experienced real estate appraisers across all markets. RRReview's portfolio of solutions includes: »» »» »» »» »» »» »» Broker Price Opinions Appraisals Property Condition Reports Value Reconciliations AVMs Property Inspections and Preservation Services Acquisition Due Diligence 2013 STRATEGY: It is RRReview's ongoing mission to deliver customized property and mortgage loan evaluation services that exceed expectations, and the company's objective is to be recognized as an industry leader. Through its network of highly motivated and knowledgeable real estate and valuation professionals, RRReview will continue to provide a full array of innovative, comprehensive property services to leading financial institutions, mortgage servicing companies, and Wall Street firms. The M Report | 47

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