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1 Dear Lending Partner, It is our pleasure to introduce the different ways you can do business with American Financial Resources Wholesale and Correspondent Lending Divisions. To better serve you, you will be given an Code with a prefix of how you ve chosen to do business with us. The codes consist of WD- Wholesale Direct, WS Broker, TF Table Funded, C Correspondent, and/or CDE Correspondent, Delegated. Please read through the attached pages to choose the best fit for your company. In some cases we can assign multiple codes. This includes situations where your company is licensed to do business as a Broker in some states and a in others or in situations where you ve chosen to Broker a certain type of loan and be a Correspondent on another. Please be sure to only initial below the description of the category of how you would like to do business with. Thank you for partnering with American Financial Resources, Inc. If you have any questions, please contact your Account Executive. We look forward to working with you and providing you with exceptional service. Timothy Yanoti President Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 1 of 17

2 Wholesale Direct. (WD) Wholesale Direct is a product of Wholesale whereby will process, underwrite, close and fund the loans for the Wholesale. We will contact the Applicants and all 3 rd parties directly for documentation that is needed to close the loan. The company must be licensed as a Broker or in the state the loan will be originated in or an exempt institution. Summary: discloses the initial set of documents including the initial Loan Estimate (LE) and works with the Applicant for all terms, conditions, rates and costs. Once the loan is Conditionally Approved, will re-disclose all disclosures and any subsequent LEs and Closing Disclosures (CDs). The orders the appraisal through s Appraisal Portal. All orders will be placed on hold until notifies the AMC to proceed with the order once the borrower either acknowledges the receipt of s disclosures or 3 business days have elapsed since the disclosures were sent via USPS to the borrower. All lock requests and loan term changes including loan amount are completed and communicated to the Borrower by the. will not discuss rates and or terms with the Borrower. FHA Connection should read as the Sponsor and the as the Sponsored Originator or if the is an FHA approved, the will be listed as the principle and will be listed as the agent. If a FHA case number is required and the is not an approved FHA, all Case Number requests should be submitted to and should always be requested using the form found on our website. If the Case Number has not been requested prior to the processing of the file, will automatically pull the case number from FHA Connection. Title/HOI/CPL in s name. will prepare all closing docs in s name. WD s responsibilities include: Document: DEFINING WHOLESALE ROLES - WD Should be in the name of: Who s responsible for doing/sending/ordering Fee Agreement to the Borrower Initial LOAN ESTIMATE (LE) & CLOSING DISCLOSURE (CD) (if applicable) LOAN ESTIMATE (LE) (re-disclosed based on COC prior to Conditional Approval) LOAN ESTIMATE (LE) (re-disclosed based on COC after Conditional Approval) to the Borrower to the Borrower Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 2 of 17 to the Borrower Initial Loan Estimate (LE) to the Borrower Loan Estimate(re-disclosed based on COC prior to conditional approval) to the Borrower

3 Loan Estimate(Re-disclosed based on COC after conditional approval, loan is not locked or does not have title invoice, cannot issue CD) Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 3 of 17 to the Borrower CLOSING DISCLOSURE (CD) (if applicable) to the Borrower CD to the Borrower FHA Connection Originator FHA Connection Sponsor Appraisal order Appraisal Final Inspection Appraisal Conditions N/A Appraisal Acknowledgment to the Borrower AUS- DU, LP, GUS, VA, TOTAL, etc. Int. Rate Lock Agreement (in required states) to the Borrower Commitment (in required states) to the Borrower ARM Disclosure (if applicable) to the Borrower Borrower s documents N/A from the Borrower CLOSING DISCLOSURE (CD) ( will review the document with the Borrower prior to closing.) Note Title ordered Title Condition N/A HOI CPL Subordination Agreement 1098 to the Borrower Engineer Cert Elevation Cert IBTS.org Cert Letter New Construction Docs, Builder Plans & Specs, Builders Warranty, Certificate of Occupancy NP33A, 33B, 10 year H.O.W Termite/Pest Inspection Short Sale Approval Letter Paystubs Bank Statements Gift Documentation VOR/Cancelled Rent Checks Written VOE Verbal VOE Borrower Identification (Driver s License, Social Security Card) Borrower s Tax Returns Tax Transcripts Divorce Decree HOA Dues Letter

4 Condo Questionnaire (if fee-paid, to provide) Flood Cert LDP/GSA searches Payoff Credit Union s responsibilities include: Document: DEFINING WHOLESALE ROLES - CREDIT UNIONS Should be in the name of: Who s responsible for doing/sending/ordering Fee Agreement to the Member Initial LOAN ESTIMATE (LE) & CLOSING DISCLOSURE (CD) (if applicable) LOAN ESTIMATE (LE) (re-disclosed based on COC prior to Conditional Approval) LOAN ESTIMATE (LE) (re-disclosed based on COC after Conditional Approval to the Member to the Member Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 4 of 17 to the Member Initial Loan Estimate (LE) to the Member Loan Estimate(re-disclosed based on COC prior to conditional approval) Loan Estimate(Re-disclosed based on COC after conditional approval, loan is not locked or does not have title invoice, cannot issue CD) to the Member to the Member CLOSING DISCLOSURE (CD) (if applicable) to the Member CD to the Member FHA Connection Originator FHA Connection Sponsor Appraisal order Appraisal Final Inspection Appraisal Conditions N/A Appraisal Acknowledgment to the Member AUS- DU, LP, GUS, VA, TOTAL, etc. Int. Rate Lock Agreement (in required states) to the Member Commitment (in required states) to the Member ARM Disclosure (if applicable) to the Member Member s documents N/A from the Member CLOSING DISCLOSURE (CD) ( will review the document with the Member prior to closing.) Note Title ordered Title Condition N/A HOI CPL

5 Subordination Agreement 1098 to the Member Engineer Cert Elevation Cert IBTS.org Cert Letter New Construction Docs, Builder Plans & Specs, Builders Warranty, Certificate of Occupancy NP33A, 33B, 10 year H.O.W Termite/Pest Inspection Short Sale Approval Letter Paystubs Bank Statements Gift Documentation VOR/Cancelled Rent Checks Written VOE Verbal VOE Member Identification (Driver s License, Social Security Card) Member s Tax Returns Tax Transcripts Divorce Decree HOA Dues Letter Condo Questionnaire (if fee-paid, to provide) Flood Cert LDP/GSA searches Payoff s Responsibilities Include: Originate the loan. Send your company s initial disclosures including the initial LOAN ESTIMATE (LE) to the borrower. Request a FHA case number from s case number desk using our form on our website. (if applicable) Place an appraisal order through our Appraisal Portal. Note- the appraisal order will be on hold when the order is initially placed. will automatically notify the AMC when the order can proceed once the MDIA is met. Register your loan in Loan Center Upload all supporting documents via Loan Center Submit lock request via Loan Center. Review the CLOSING DISCLOSURE (CD) with the Borrower. Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 5 of 17

6 s responsibilities include: Send out all lender disclosures including the CLOSING DISCLOSURE (CD). will order the case number and perform all FHA Connection, VA and GUS functions. will run the AUS as required per the loan program applied for. Underwrite the loan to all applicable guidelines. An approval letter or letter of adverse action will be sent to you and the Borrower. A Processor will be assigned to your account to collect all underwriting conditions. s Processor will order revisions to title work through the designated Title company or Attorney. is responsible for placing initial Title order s Processor will work directly with all 3 rd party companies including the home owner s insurance company, appraisal company, engineer company (if manufactured house), attorney, etc. Once the loan is cleared for closing, we will provide the closing documents and send them to the approved closing agent. is responsible to mail the 1098 forms to the borrower. Once the loan is disclosed and uploaded into our system for underwriting, will be responsible to report the loan to HMDA. By signing below, you agree to hold harmless of any potential loss due to a loan not closing for any reason. Please indicate the products you plan to originate: VA FHA Conventional USDA All appropriate agency approval letters should be provided along with your application. For VA sponsorship please follow this link: https://www.afrwholesale.com/uploads/website/a252/s1/request_for_va_recognition_of_an_agent.pdf and execute the Request VA Sponsorship Form. If a Wholesale Direct relationship is the best fit for your company, please sign below. Company s authorized representative s signature Name Title Account Executive Date Wholesale. (WS) Wholesale is a product of Wholesale whereby will underwrite, close and fund the loans for the Wholesale client. We will NOT contact the Applicants and all 3 rd parties directly for documentation that is needed to close the loan. Those roles will be performed by the Wholesale company. Must be licensed as a Broker or in the state the loan will be originated in or an exempt institution. Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 6 of 17

7 Summary: discloses the initial set of documents including the initial LOAN ESTIMATE (LE). will re-disclose all disclosures but not any subsequent LOAN ESTIMATE (LE) s. will issue the Closing Disclosure (CD) The orders the appraisal through s Appraisal Portal All orders will be placed on hold until notifies the AMC to proceed with the order once the borrower either acknowledges the receipt of s disclosures or 3 business days have elapsed since the disclosures were sent via USPS to the borrower. FHA Connection should read as the Sponsor and the as the Sponsored Originator or if the is an FHA approved, the will be listed as the principle and will be listed as the agent. If a case number is required and the is not an approved FHA, all case number requests should be submitted to and should always be requested using the form found on our website. If the case number has not been requested prior to the processing of the file, will automatically pull the case number from FHA Connection. Title/HOI/CPL in s name. will prepare all closing docs in s name. Document: Should be in the name of: Who s responsible for doing/sending/ordering Broker Fee Agreement to the Borrower Initial LOAN ESTIMATE (LE) to the Borrower Subsequent LOAN ESTIMATE (LE) s to the Borrower CLOSING DISCLOSURE (CD) to the Borrower FHA Connection Originator FHA Connection Sponsor Appraisal order Appraisal conditions N/A Appraisal Acknowledgment to the Borrower AUS- DU, LP, GUS, VA, TOTAL, etc. Int. Rate Lock Agreement (in required states) Commitment (in required states) to the Borrower to the Borrower ARM Disclosure (if applicable) to the Borrower Borrower s documents N/A from the Borrower CLOSING DISCLOSURE (CD) Note Title Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 7 of 17

8 s responsibilities include: Originate the loan. Send your company s initial disclosures including the initial LOAN ESTIMATE (LE) to the borrower. Request a case number from s case number desk using our form on our website. Place an appraisal order through s appraisal portal. Note - the order will be on hold when the initial order is placed. will automatically notify the AMC when the order can proceed once the MDIA is met. Register your loan in Loan Center. Upload all supporting documents via Loan Center. Upload all supporting underwriting documents required for closing once the loan has been approved in Loan Center. Submit lock request via Loan Center. s Processor will order all of the title work through the designated title company or Attorney. s Processor will work directly with all 3 rd party companies including the home owner s insurance company, Appraisal Company, Engineer Company (if manufactured house), Attorney, etc. s responsibilities include: Send out all lender disclosures including the CLOSING DISCLOSURE (CD). This does not include the Loan Estimate (LE). will order the case number and perform all FHA Connection, VA and GUS functions. will run the AUS as required per the loan program applied for. Underwrite the loan to all applicable guidelines. An approval letter or letter of adverse action will be sent to you and the borrower. An Account Manager will be assigned to your account to help facilitate the collection of underwriting conditions from you. Once the loan is cleared for closing, we will provide the closing documents and send them to the approved closing agent. is responsible to mail the 1098 forms to the borrower. Once the loan is disclosed and uploaded into our system for underwriting, will be responsible to report the loan to HMDA. By signing below, you agree to hold harmless of any potential loss due to a loan not closing for any reason. Please indicate the products you plan to originate: VA FHA Conventional USDA All appropriate agency approval letters should be provided along with your application. For VA sponsorship please follow this link: https://www.afrwholesale.com/uploads/website/a252/s1/request_for_va_recognition_of_an_agent.pdf and execute the Request VA Sponsorship Form. Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 8 of 17

9 If a Broker relationship is the best fit for your company, please sign below. Company s authorized representative s signature Name Title Account Executive Date Table Fund. (TF) Table Funding is a product of Wholesale whereby will underwrite the submitted loans from the table funding lender. will close the loans for the Wholesale client in the Wholesale client s name and will provide the funds at the table. Your company must be licensed as a in the state the loan is originated in or an FDIC Bank or Exempt Institution. Summary: discloses all disclosures in their name. does not disclose any documentation to the Borrower. and the Originator must be licensed according to the NMLS or an FDIC approved bank in the state the subject property is located. Fee Agreements are not required. The appraisal should be in the lender s name and must be done through an unaffiliated AMC that is approved by the. underwrites the loan The loan closes in the s name. FHA Connection should read as Agent and as the Principal. All compensation to the lender must be listed as an origination charge on the LOAN ESTIMATE (LE), with the exception of lender paid compensation. CPL is in s name. CLOSING DISCLOSURE (CD) is in s name. Title/HOI is in s name. An Allonge is required prior to or at closing. will prepare all closing docs in s name. Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 9 of 17

10 Document: Should be in the name of: Who s responsible for doing/sending/ordering Initial LOAN ESTIMATE (LE) Subsequent LOAN ESTIMATE (LE) s CLOSING DISCLOSURE (CD) FHA Connection Originator Either or the FHA Connection Sponsor Either or the Appraisal order or Appraisal conditions N/A Appraisal Acknowledgment AUS- DU, LP, GUS, VA, TOTAL, etc. Int. Rate Lock Agreement (in required states) Commitment (in required states) ARM Disclosure (if applicable) Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 10 of 17 Borrower s documents N/A CLOSING DISCLOSURE (CD) ( will review the document with the Borrower prior to closing.) Note Title s responsibilities include: Originate the loan. Send lender s initial disclosures including the initial LOAN ESTIMATE (LE) and CLOSING DISCLOSURE (CD) to the borrower. Order the case number with your company as the Originator and as the Sponsor/Agent. Register your loan in Loan Center. Upload all supporting documents via Loan Center. Upload all supporting underwriting documents required for closing once the loan has been approved. Submit lock request via Loan Center. Issue a commitment to the borrower if a commitment is required to be issued as per state regulations. Issue a written rate lock disclosure (if a written rate lock disclosure is required to be issued as per state regulations) and LOAN ESTIMATE (LE) showing a locked date to the borrower. Provide all supporting underwriting documents required for closing to your designated Account Manager. Sign an Allonge prior to closing. The must report the loan within their state reporting responsibilities as the s transaction. HMDA reporting- See below.

11 s responsibilities include: Underwrite the loan to all applicable guidelines. An approval letter or letter of adverse action will be sent to you. An Account Manager will be assigned to your account to help facilitate the collection of underwriting conditions. Once the loan is cleared for closing, will provide the closing documents and send them to the closing agent. The closing documents will be in your company s name as the except for the final CLOSING DISCLOSURE (CD). The CLOSING DISCLOSURE (CD) will be in s name. Provide the Allonge for the to sign prior to or at closing. will send the funds to the closing agent to disburse. The will be responsible for reporting the information to HMDA if the credit decision was made prior to receiving the loan for underwriting. If issues an approval or denial, will report. If not, the will report. By signing below, you agree to hold harmless of any potential loss due to a loan not closing for any reason. Please indicate the products you plan to originate: VA FHA Conventional USDA All appropriate agency approval letters should be provided along with your application. For VA sponsorship please follow this link: https://www.afrwholesale.com/uploads/website/a252/s1/request_for_va_recognition_of_an_agent.pdf and execute the Request VA Sponsorship Form. If a Table Funding relationship is the best fit for your company, please sign below. Company s authorized representative s signature Name Title Account Executive Date Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 11 of 17

12 Correspondent with Underwriting. (C) Correspondent is a product of Wholesale whereby will underwrite the submitted loans from the Correspondent. Once the loans are fully underwritten by, the Correspondent lender will close and fund the loans at the table. will look to purchase the loans from the Correspondent once receives the closing and all supporting documentation needed to purchase the loan. If requested, will send the closing documents to the closing table in the name of the Correspondent. Your company must be licensed as a in the state the loan is originated in or an FDIC Bank or Exempt Institution. Summary: The discloses all disclosures in their name. does not disclose. The appraisal can be in s name and can be done with any AMC that is not affiliated with the. No Broker Fee Agreements allowed to be sent to the borrower. underwrites. closes in s name and funds with s warehouse funds. and the Originator must be licensed according to the NMLS or an FDIC approved bank in the state the subject property is located. FHA Connection should read as Sponsor/Agent and as the Originator/Principal. Rate Credit is NOT disclosed on the LOAN ESTIMATE (LE) or CLOSING DISCLOSURE (CD). Title/HOI/CPL/CLOSING DISCLOSURE (CD) is in the s name. will prepare all closing documents in s name or have a pre arranged agreement with where will prepare the closing documents in s name. Allonge and assignment required prior to issuing a purchase advice. The will update FHA Connection s Servicer/Holder fields to Holder: and Servicer prior to issuing a purchase advice. If draws the closing documents, the will register all loans with MERS. MERS must be transferred to prior to issuing a purchase advice. s MERS ID # is will issue the Closing Disclosure (CD) unless the Correspondent is drawing the Closing Package Document: Should be in the name of: Who s responsible for doing/sending/ordering LOAN ESTIMATE (LE) to Borrower CD - Correspondent drawing Closing Package CD - drawing Closing Package to Borrower to Borrower FHA Connection Principle FHA Connection Agent Appraisal Appraisal Acknowledgment Int. Rate Lock Agreement (if required) to Borrower Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 12 of 17

13 Commitment (if required) to Borrower ARM Disclosure to Borrower Note Title w/ ISAOA HOI w/ ISAOA CPL w/ ISAOA Subordination Agreement w/ ISAOA Allonge to / 1098 to Borrower s responsibilities include: Originate the loan. Send your company s initial disclosures including the initial LOAN ESTIMATE (LE) to the borrower. Order the case number (if FHA) with your company as the Principle and as the Agent. Provide all supporting documents via to your designated Account Executive. Issue a commitment to the borrower (if required by the state). Issue a written rate lock disclosure (if required by the state) and LOAN ESTIMATE (LE) showing a locked date to the borrower. Provide all supporting underwriting documents required for closing. Once the loan is cleared for closing, you will provide the closing documents and send them to the closing agent. The closing documents will be in your company s name as the. Fund the loan with your warehouse funds. Sign an Allonge and assignment prior to issuing a purchase advice MIP must be remitted to CLOSING DISCLOSURE (CD) at loan funding within 10 days of closing or will not purchase the loan until the FHA insurance is issued. The lender will be responsible for reporting to HMDA. s responsibilities include: Underwrite the loan to all applicable guidelines. An approval letter or letter of adverse action will be sent to you. An Account Manager will be assigned to your account to help facilitate the collection of underwriting conditions. Purchase the loan from the once all prior to doc and prior to funding conditions have been met. is responsible for insuring the loan with FHA. will issue the Closing Disclosure (CD) unless the Correspondent is drawing the Closing Package By signing below, you agree to hold harmless of any potential loss due to a loan not closing for any reason. Please indicate the products you plan to originate and sell to : VA FHA Conventional USDA Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 13 of 17

14 All appropriate agency approval letters should be provided along with your application. For VA sponsorship please follow this link: https://www.afrwholesale.com/uploads/website/a252/s1/request_for_va_recognition_of_an_agent.pdf and execute the Request VA Sponsorship Form. If a Correspondent (with underwriting) relationship is the best fit for your company, please sign below. Company s authorized representative s signature Name Title Account Executive Date Correspondent with Delegated Underwriting Authority. (CDE) Correspondent with delegated underwriting authority is a product of Wholesale whereby the Correspondent will underwrite, close and fund the loans prior to submitting them for purchase to. will look to purchase the closed loans from the Correspondent once receives the closing and all supporting documentation needed to purchase the loan. Your company must be licensed as a in the state the loan is originated in or an FDIC Bank or Exempt Institution. Summary: The Discloses, Underwrites, Closes and Funds in their name. The must be a licensed mortgage lender or exempt institution in the state the loan is originated. FHA Connection should read the lender as the Originator without a sponsor. USDA loans must have a firm commitment from Rural Development prior to purchase. Rate Credit is NOT disclosed on the LOAN ESTIMATE (LE) or CLOSING DISCLOSURE (CD). Title/HOI/CPL/CLOSING DISCLOSURE (CD) is in the s name. will prepare all closing docs in s name. Allonge is required prior to issuing a purchase advice. The is responsible for insuring the loan with FHA including submitting the MIP prior to issuing a purchase advice. FHA, VA, USDA loans must be insured within 60 days of the Note The will update FHA Connection s Servicer/Holder fields to Holder: and Servicer prior to issuing a purchase advice. The will register all loans with MERS. MERS must be transferred to prior to issuing a purchase advice. s MERS ID # is Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 14 of 17

15 Document: Should be in the name of: Who s responsible for doing/sending/ordering LOAN ESTIMATE (LE) to Borrower CLOSING DISCLOSURE (CD) to Borrower FHAC Originator FHAC Sponsor None Appraisal Appraisal Acknowledgement Int. Rate Lock Agreement to Borrower Commitment to Borrower ARM Disclosure to, to Borrower Note Title w/ ISAOA HOI w/ ISAOA CPL Subordination Agreement w/ ISAOA Allonge to / 1098 to Borrower s responsibilities include: Originate the loan. Send your company s initial disclosures including the initial LOAN ESTIMATE (LE) and CLOSING DISCLOSURE (CD) to the borrower. Order the case number (if FHA) with your company as the Originator without a Sponsor. Order an appraisal after you disclose in accordance with MDIA and TILA. Issue a commitment to the borrower. Issue a written rate lock disclosure and LOAN ESTIMATE (LE) showing a locked date to the borrower. Underwrite the loan to all applicable guidelines and overlays. Submit underwriting and closing package via Web Center. Insure the FHA loan including submitting the MIP to CLOSING DISCLOSURE (CD) prior to purchasing the loan. Sign an Allonge prior to purchase. The lender will be responsible for reporting the information to HMDA. s responsibilities include: Review the loan to verify it meets all applicable guidelines. An approval letter or letter of adverse action will be sent to you. An Correspondent Production Specialist will be assigned to your account to help facilitate the collection of Prior to Purchase Conditions. Purchase the loan from the once all prior to doc and prior to purchase Conditions have been met. Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 15 of 17

16 By signing below, you agree to hold harmless of any potential loss due to a loan not closing for any reason. Please indicate the products you plan to originate and sell to : VA FHA Conventional USDA All appropriate agency approval letters should be provided along with your application. For VA approval please provide your company s VA LAPP/SAR approval letter or a letter confirming the transfer of a LAPP/SAR approved underwriter to your company along with the resume for the associated underwriter. For FHA approval provide the Company s Direct Endorsement approval letter along with the DE underwriter s resume. CDE s may elect to sell loans originated through their own Third Party Origination Division under the CDE relationship only. These loans would be brokered to you through a properly licensed and fully vetted broker, underwritten and closed by your Company in your Company s name and subsequently sold to. Additional documentation is required through Comergence for this specific approval. If your Company has its own Wholesale Division and you would like to deliver these loans to please indicated it below: CDE Third Party Origination Approval If a Correspondent Delegated Underwriting relationship is the best fit for your company, please sign below. Company s authorized representative s signature Name Title Account Executive Date Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 16 of 17

17 If your company will be doing business with as a WD, WS or TF, please read the RESPA Summary below and sign where indicated. Real Estate Settlement Procedures Act (RESPA) Statement of Policy Regarding Payments to Mortgage Brokers Under current rules found in HUD s Statement of Policy (64 FR 10080, March 1, 1999), in order to avoid a possible finding of an illegal RESPA Section 8 referral fee, a mortgage Broker must perform compensable services, and the actual fees charged for those services must be reasonable. and Broker agree that providing compensable services means that the Broker must do certain types and a certain minimum amount of work on each loan origination it provides to. HUD guidance requires that in all cases the Broker must: I. Take information from the borrower and fill out the application (or, as an alternative, fill out a comparable borrower s worksheet). II. In addition, in accordance with HUD rules, the and Broker agree that Broker must perform at least five of the following 13 other typical loan origination services specified by HUD: 1. Analyze the prospective borrower's income and debt and pre-qualify the prospective borrower to determine the maximum mortgage that the prospective borrower can afford; 2. Educate the prospective borrower in the home buying and financing process, advise the borrower about the different types of loan products available, and demonstrate how closing costs and monthly payments could vary under each product; 3. Collect financial information (tax returns, bank statements) and other related documents that are part of the application process; 4. Initiate/order VOEs (verifications of employment) and VODs (verifications of deposit); 5. Initiate/order requests for mortgage and other loan verifications; 6. Initiate compliant appraisal orders through approved Appraisal Management Companies. 7. Initiate/order inspections or engineering reports; 8. Provide disclosures (truth in lending, good faith estimate, others) to the borrower; 9. Assist the borrower in understanding and clearing credit problems; 10. Maintain regular contact with the borrower, Realtors, lender, between application and closing to apprise them of the status of the application and gather any additional information as needed; 11. Order legal documents; 12. Determine whether the property was located in a flood zone or ordering such service; and 13. Participate in the loan closing. III. Broker and further agree that Broker shall in no way limit its additional services as specified above to only the counseling-type activities listed in paragraphs II-1, II-2, II-3, II-9, and II-10. Signature Printed Name Company Title Date Wholesale / Defining Wholesale Roles- Revised 10/23/2015 Page 17 of 17

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