Taking the Bait

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Th e M Rep o RT | 33 ClosingCorp Company desCription Ernst Publishing Company is the No. 1 provider of guaranteed closing cost data for the real estate lending industry. Processing more than 150 million guaranteed transactions annually, Ernst creates solutions that manage and process all types of fees with unparalleled precision. Fees provided include recording and transfer taxes, title and settlement services, inspections, appraisals, property taxes, and more. As the industry's trusted source, the firm's goal is to empower clients to not only meet CFPB compliance regulations when they quote fees, but also to set the industry standard for client and borrower satisfaction. Company history Celebrating its 25th year and one billionth fee transaction, Ernst is recognized industry-wide for its innovation and dedication to creating long-term industry solutions. Founded by Carl R. Ernst in 1989, Ernst's unique approach to the marketplace has enabled the firm to actively partner with companies across the industry, creating the industry standard. Ernst's achievements span more than two decades, from initiating the first standardized technology system for land recording requirements in 1990 to winning the first patent for technology that monitors and updates fee changes at the loan level in 2012. Repeatedly recognized as a top industry provider, Ernst won the prestigious Mortgage Technology 10X Award in 2012 for having an exponential impact on the lending industry for over a decade. In 2014, President & CEO Gregory E. Teal was recognized by the MBA as a Mortgage Technology All Star. produCt solutions Under the watchful eye of a vigilant federal regulator, obtaining accurate third-party vendor fees for recording, transfer taxes, inspections, title insurance premiums, settlement and escrow fees, appraisals and miscellaneous fees for a GFE or HUD has never been more important. Ernst's award-winning solutions integrate with nearly every industry fee management system, LOS and closing platform, enabling company clients to create their own program to instantly manage their fees. Products include: • Smart Query Calculators guarantee fee calculations for GFE Blocks 3-8, accessible via the Web, XML and client hosted environments. • Cost2Close custom GFE and HUD Mobile Applications enable clients to private label and create their own unique fee programs. • Patented GFE and Fee Monitoring Solutions enable Ernst clients to monitor any fee changes that occur between the GFE and closing and process change circumstances when needed. • Custom Title Solutions enable clients to create and manage their own guaranteed network of Title and Settlement Service Fees based upon their negotiated rates. • Custom Fee Engine Solutions provide Ernst clients the ability to instantly manage and promote changes to all of their third party vendor fees and integrate those fees seamlessly into any of their systems. Competitive advantage Aside from the company's 25 years of recognized industry innovation, awards, and expertise, Ernst stands out as a premier provider because it delivers: • Complete transaction request and response speeds of less than a quarter of a second. • Integrations with nearly every fee management system, LOS, and closing platform in the industry. • DLL solutions enabling clients to store Ernst programs directly on their servers. • Custom fee engines enabling clients to manage their fees, promoting changes instantly. • Customized Web interfaces enabling users to design screens to match their processes rather than working with fees that don't apply. • Custom solutions designed to work in PC, Apple, iPad, and mobile environments with uniformity, maintaining Ernst's clients' look and feel regardless of the type of access. keys to suCCess Ernst is built on a dedication to accuracy and its customers; an unwavering commitment to taking responsibility for getting the numbers right so the company's customers never have to worry about being wrong or falling out of compliance; a willingness to do what is necessary to continue to lead the industry with superior and innovative products; and a long-term dedication to the industry, overcoming challenges with better solutions. strategies and goals For the Future To launch the next generation of tools—this new suite of products will help clients meet and exceed CFPB oversight requirements through continuous customization using mobile technology. Because everyone needs to accomplish the same goals but starts from a different position, Ernst's tools will include the latest in enhanced monitoring, geo- coding, effective dating, and user customization while working with partners to create state-of-the-art solutions for the future. industry awards, aCColades, and milestones • 2012—Mortgage Technology 2012 10X Award • 2012—U.S. Patent for Innovative Search Technology • 2013—Mortgage Technology Top 50 Service Providers • 2014 — Mortgage Banking Magazine Tech All Star • 2014—Mortgage Technology Top 50 Service Providers key personnel Gregory E. Teal President and CEO Jan Dalton Clark VP, Sales and Marketing Katherine Teal General Counsel contact information One Commerce Plaza 99 Washington Ave., Suite 309 Albany, NY 12210 225 S Cabrillo Hwy. Suite 200C Half Moon Bay, CA 94019 phone: 800.345.3822 web: Ernst Publishing Company

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