TheMReport

TH E M R EP O RT | 39 RISK&DUEDILIGENCEGUIDE Special Advertising Section COMPANY DESCRIPTION Clayton provides information and services that financial institutions, investors, and government enti- ties use to evaluate, acquire, securitize, service, and monitor loans and asset-backed securities. Clayton conducts its business with uncompromising transparency and integrity and its employees are committed to upholding solid principles of corpo - rate governance. As part of its overall governance, Clayton's system of internal controls includes orga- nizational design, written policies and procedures, operating practices and controls to protect people and assets. This integration of key activities helps identify irregularities and reduce risk to a reasonable level as quickly as possible. COMPANY HISTORY Founded in 1989, Clayton pioneered both the residential due diligence and servicer surveillance industries. Since that time, Clayton has performed due diligence file reviews on more than 12 million loans and has performed surveillance/oversight on more than $2 trillion in original balance. BUSINESS LINES, SERVICES, AND PRODUCTS Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE: RDN), provides risk-based analytics, residential loan due diligence, consulting, surveil- lance, and staffing solutions. The company's subsid- iaries include Green River Capital (customized REO asset management and single-family rental ser- vices), Red Bell Real Estate (advanced AVMs, BPOs, and technology to acquire and track performance of loan portfolios and NPLs), ValuAmerica (national title and appraisal management company and vendor management technology provider), and Clayton Euro Risk (global services). COMPETITIVE ADVANTAGE Clayton offers unparalleled breadth and depth and is uniquely positioned to bring impartial, effective solutions to current market challenges and provide the most robust experience to its clients. The company is confident that its clients will realize great benefits from Clayton's experience, advice, customized services, and objectivity. Clayton's differentiators include: • Clayton received the industry's first rankings from Morningstar Credit Ratings, LLC as both a Residential Mortgage Securities Deal Agent and as a Residential Representation and Warranty Reviewer. Pioneering the residential loan due diligence industry • Largest and longest standing due diligence firm in the industry. • Due diligence workforce of hundreds of under - writers and team leads. • Clayton is an approved S&P and DBRS RMBS third-party review (TPR) provider and meets the standards of Moody's, Fitch Ratings, and Kroll Bond Ratings for pre-securitization due diligence. • Clayton is the industry's first firm to be ranked as an RMBS Deal Agent and Residential Representation and Warranty Reviewer. Pioneering credit risk management/loan surveillance • Possesses a broad and vast array of historical transaction data. • Significant experience performing targeted reviews of assets to assess compliance with rep - resentations, regulatory and legal requirements, investor guidelines and settlement agreements, performing over 150,000 such reviews per year. • Depth of experience that includes providing advisory services, asset management services, and loan review/due diligence for all property and credit types. Regulatory knowledge • Clayton offers expertise in major regulatory com - pliance guidelines including ATR/QM, FACTA, HMDA, NRSRO, and TRID rules. • Clayton was selected by Weiner Brodsky Kider to provide loan review expertise in their CFPB Examination readiness program. Team of industry experts Beyond tools and technology, Clayton offers an experienced team of motivated, hard-working industry experts. Clayton's employees are outstanding at what they do, and their knowledge and professionalism are consistently recognized and acknowledged by our clients. Clayton's subject-matter experts have held signifi - cant positions in the banking and residential real estate industries and bring years of lending and operating experience to Clayton. The company's project teams possess best-practices knowledge of banking, finance and residential real estate opera - tions, from origination through servicing, workouts, and REO. They perform in-depth analyses of both the quantitative and qualitative aspects of all forms of residential real estate management, loan file reviews, and servicing. KEY PERSONNEL Jeff Tennyson President Mark Hughes EVP of Business Development and Industry Affairs Patrick Cosgriff SVP of Transaction Management Scott Mowry SVP of Key Client Initiatives John Levonick Director of Regulatory Compliance STAFFING 1,000 employees CONTACT INFORMATION 6302 E. Martin Luther King, Jr., Blvd., Suite 300 Tampa, FL 33619 Phone: 877.291.5301 Fax: 203.712.8805 Email: sales@clayton.com Web: Clayton.com Clayton Holdings LLC

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