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Th e M Rep o RT | 31 Special Advertorial Section elending Technology guide CORPORATE PROFILE PeirsonPatterson, LLP is a Texas-based law firm that provides nationwide legal services to the mortgage banking and consumer lending industry. Since 1984, the firm has been at the forefront of melding compli- ance with technological implementation. The firm deploys legal and technological resources in ways that serve our clients' legal and regulatory, opera- tional, and e-commerce needs. They are proud to provide their unique combination of legal services to the residential financing industry. KEy FEATuREs/bEnEFITs Key Features: • Delivery platform (SaaS, Web-based, etc.) • Key benefits • User stats (i.e. number of users by sector/job description, number of loans/transactions pro- cessed through platform, etc.) Key benefits: • Automates loan level funding authorization • Automates endorsement chain • Standardizes loan delivery and purchase process • Facilitates electronic recording of security instrument • Facilitates faster delivery of title policy • Standardizes loan servicing "boarding" procedures • Substantially improves capital deployment cycle times and efficiencies The law firm is in the final stages of developing the necessary compliance tools to interface MISMO data to the common securitization platform. COmPETITIvE AdvAnTAgE PeirsonPatterson has the experience that other law firms don't have. The firm has generated more than 85,000 e-mortgage document packages and has e-vaulted more than 100,000 e-notes. IndusTRy AwARds, ACCOLAdEs, And mILEsTOnEs PeirsonPatterson, LLP has been included in the CFPB eClosing Pilot Program. They are dedicated to providing a superior consumer experience by provid- ing eClosing technologies to the lending, title, and investor communities. From the ability for all consum- ers to securely receive the entire closing package prior to closing, to the single digital, holographic signature, and to the virtual elimination of all post- closing issues, the consumers are educated and informed about the loan package they are signing. CLIEnT TEsTImOnIAL Neal Brodbeck, SVP at the Blanco National Bank has described the conversion from paper lending to "e" as follows: "If you are contemplating an entrance to the world of paperless closings, I know how you feel and what you are thinking–I was there four years ago. Fast forward to today, and the thought of printing more than 150 pages of paper, taking an hour or more to sign the documents, making copies, and forwarding two pounds of documents to an investor seems as ancient as carbon paper. Over the past four years, our partnership with PeirsonPatterson, LLP has exceeded expectations. They are committed to this innovative closing model and will provide an excellent level of service to you, your staff, and your borrowers. Moreover, if you embrace this process and technology now, you will prepare for the new closing disclosures in August of this year. Get a few under your belt and the rest will be history! For us, the true benefit of the paperless closing process occurs after closing. First, the loan is pur- chased by [the investor] the same day of closing or the next, depending on the time of the closing. If we close a loan in the morning, it is common to receive the purchase advice and wire before the end of the day. If you deal with warehouse lines, this could be a huge savings. Second, because the file is fully vetted before closing and all, and I mean all, conditions have been cleared, post-closing conditions are eliminated. In the past four years of delivering e-close loans, we have never received a request to cure any post- closing conditions. Again, another time saving feature with the paperless process." "Over the past four years, our partnership with PiersonPatterson, LLP has ex- ceeded expectations. They are committed to this innovative closing model and will provide an excellent level of service to you, your staff, and your borrowers" —Neal Brodbeck, SVP, Blanco National Bank key personnel William H. Peirson Principal Attorney Chris A. Peirson Principal Attorney Chris Christensen Associate Attorney Lori Stacy Chief Knowledge Officer Jason L. Wright Attorney Blake Alexander Director of Social Media contact information Jason Wright 972.392.7770 4400 Alpha Road Dallas, Texas Phone: 972.392.7770 web: PeirsonPatterson, LLP

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