MReport January 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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28 | TH E M R EP O RT PROPERTY VALUATIONS SPECIAL ADVERTISING SECTION // PROPERTY VALUATIONS GUIDE Carrington Property Services, LLC KEY PERSONNEL Kevin Cloyd Chief Administrative Officer Michael Dormer Senior Vice President Devin Demers Director Tom Huddleston SVP, Institutional Business Channel STAFFING Valuations network: 9,000+ Internal agent network: 1,600 Referral agent network: 2,150 Property management: 200+ CONTACT INFORMATION 1600 South Douglass Road, Ste. 130A, Anaheim, CA 92806 Phone: 866.225.1780 Email: Web: CORPORATE PROFILE Carrington Price Pointe (CPP), a division of Carrington Property Services, LLC (CPS) is focused on providing diligence and valuation-related ser- vices to the mortgage and residential real estate investment industries. CPP has leveraged years of experience providing services to the originations, servicing, and investment affiliates of the Carrington family of companies, as well as external clients to develop solutions tailored to the specific needs of each group. Carrington offers its clients creative and customized solutions based on each client's needs, while providing insights it has honed over the years. COMPANY HISTORY Carrington began by providing multiple valuation and diligence services in 2003. The unprecedented market conditions experienced from 2007 onward spurred the development of additional products intended to better account for dynamic market conditions. In 2013, CPP launched an enhanced platform that provides more accurate and reliable tools by combining Carrington's 15 years of industry expertise and the integration of comprehensive data and market analytics. REGULATORY COMPLIANCE All reviews are performed in accordance with state and federal law as it pertains to asset valuation. BUSINESS LINES, SERVICES, AND PRODUCTS CPP currently offers a full suite of services to sup- port residential mortgage originations and servicing, residential mortgage investments and securitization, and single-family rental investment, securitization, and sales. Diligence services include proprietary products that incorporate an agent's inspection and local market expertise with a traditional collateral review and reconciliation. GEOGRAPHICAL SCOPE AND COVERAGE AREA CPP offers national coverage. KEY FEATURES/BENEFITS CPP's products and services are technology-based and integrate MLS data to provide a more efficient and reliable result. CPP's history of supporting its capital markets, servicing, and originations affiliates allows it to appreciate the needs of clients from their perspective. COMPETITIVE ADVANTAGE Carrington is a unique provider of valuation-related services that is rooted in its commitment to deliver solutions that best meet its clients' needs in an ever- changing market. For the past 15 years, Carrington has focused its ability to provide accurate and reliable results to help its clients maximize returns in nonperforming loan trading, servicing distressed as- sets, and SFR rental acquisitions and management. ADDED VALUE TO CLIENTS CPP is a member of the Carrington family of compa- nies, which has more than 5,000 employees and of- fers products and services for the full lifecycle of the single-family residential market. CPP provides the expertise and resources of a valuations company coupled with the legal, compliance, management, technology, and business knowledge of all of the company's affiliates. KEYS TO YOUR SUCCESS CPP understands the goals and needs of its clients. The CPP team is experienced in managing to a financial return goal, as well as to process, time- lines, and quality. CPP's dedicated and seasoned management team is continuously pursuing ways to improve and refine its products, all to help clients meet their operational and financial goals. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES In 2017, Morningstar assigned its highest ranking, MOR RV1, to CPP. With the initiation of this ranking, CPP joins CPS' institutional asset management and rental property management divisions that have held the MOR RV1 ranking since 2014 (reaffirmed in 2015, 2016, and 2017). Both service verticals are supported by CPP's services and analytics. Since 2007, CPP has deployed their proprietary diligence product in the acquisition of $9.3 billion in non-per- forming loans, and performed over 44,000 diligence and collateral reviews in support of trading opera- tions. Since the launch of a new technology platform in 2013, CPP has completed over 140,000 BPOs. Additionally, CPP was an early entrant to the SFR rental diligence space and has performed diligence on nearly $2 billion in SFR rental assets. • Morningstar MOR RV1 ranking 2014, 2015, 2016, 2017 • SAS 70 Report 2010, 2012 • SSAE 18/SOC 1 Type II Report (formerly known as SAS 70 and SSAE No. 16) 2013, 2014, 2015, 2016, 2017 PROPERTY SERVICES

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