AMERINAT (AMERINATIONAL COMMUNITY SERVICES, INC. FKA UNITED STATES ESCROW)

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Forbearance Plans: Formal forbearance plans are typically used for defaults of 90+days. A forbearance plan of less than six months duration Is executed by the borrower and immediately Implemented by Servicer, with notice immediately provided to the Client. Formal modifications to promissory note terms and forbearance plans of greater than six months duration are subject to Client pre-approved parameters. Forbearance recommendations outside of the pre-approved parameters require individual Client approval if they are to move forward, Approval timeframes are subject to regulatory guidance, and therefore if the Client does not respond to requests for approval within the agreed-upon timeframes, Servicer will deny the application or request. Once approved,Servicer will implement the new payment schedule. Should a borrower default from the new payment schedule without cause,Servicer will recommend foreclosure. Forbearance Evaluation Process: A hardship is defined as a situation or set of events or circumstances beyond the normal control of the borrower that prohibits the borrower from adhering to a planned repayment schedule. If a borrower states,either verbally or in writing,that a hardship situation exists, Servicer will document the circumstances and provide the following: I, Letter from borrower requesting the Client's consideration of hardship II. Nature of the hardship iii. Expected duration of the hardship Iv. Evidence to substantiate hardship v. Forbearance Plan Proposal If the Client approves the Forbearance Plan Proposal and executes the agreement with the borrower, Servicer will resume loan servicing under the new payment plan. The file will be tickled for follow-up at the expiration of the temporary plan. Loan Modification Analysis: 1, Preliminary Screening: When contact with the borrower indicates a short-term forbearance agreement will not be enough to bring the account current, and initial assessment of the Borrower's circumstances indicate the Borrower may possibly be eligible for an available loss mitigation option, the borrower will be encouraged to submit a loss mitigation application. 2, Application: Upon receipt of a loss mitigation application, Servicer will review the application to determine supporting materials are present and that the forms are complete. Support materials may include but are not limited to, paycheck stubs, W-2's, Federal Tax Returns, bank statements, mortgage statements, property tax bills and insurance policies.Once the application is reviewed and found to be complete, a credit report and escrow analysis are ordered, as applicable, and the application is submitted to underwriting. 3. Analysis and Recommendation; Underwriting of the application is performed using the Client's eligibility criteria.This analysis wilt reflect information such as ability to repay or affordability (debt- to-income ratio), status of 1" mortgage, and occupancy. Based on the aforementioned, the recommendation will convey whether it is reasonable to proceed with the modification and what type of modification will best suit the needs of the borrower and the Client. The recommendation along with the supporting documentation will be sent to the Client for approval: