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

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4. Approval; Once a loan modification has been approved, Servicer shall prepare and forward the required documents to the borrower for signature and recording, unless the Client retains these functions. If the Client retains approval authority, the Client agrees to return the decisioned application within 5 business days of receipt. If no response has been received in 5 days, the modification will be denied. After the documents have been executed, originals will be retained by the Client and copies will be promptly sent to Servicer along with funds required for escrow, legal fees, etc. After receipt of executed modification documents and required funds, Servicer will make the appropriate modifications to the loan, send the borrower new payment coupons or billing statements, and electronically notate the account. Respective modification documentation will be retained in the electronic loan file. • Loan Foreclosure • The mortgage transaction and collections efforts are predicated on the assumption that the borrower is motivated and able to meet the mortgage obligation. A decision to foreclose.Is based on an analysis of an individual loan.'Servicer will look at the borrower with particular emphasis on basic motivation,ability to pay, and attitude or level of cooperation. If a borrower remains delinquent and has been uncooperative, non-responsive, or unwilling to cure the existing default by reasonable means, Servicer will recommend foreclosure. This step is generally not taken Until a loan becomes over 120 days delinquent. Upon the Client's approval, and in accordance with'respective local, state and federal statutes, Servicer will send the borrower a notice of intent to foreclose/demand letter, with a copy to the Client. If no response Is received within 30 days/Senvicer will advise the Client of the non-response and will proceed to foreclosure. Servicer will properly document the steps taken to affect a cure. If the loan Is-not reinstated (brought current) or paid off, Servicer will continue foreclosure up to and including the sale of the property. If the Client desires Servicerto perform property management,a third- party property management vendor will be engaged, Servicer can identify,track and pay bills related to property preservation, the costs of which remain the responsibility of the Client, Upon sale of the property, Servicer will return the-proceeds of the sale to the Client less foreclosure fees and previously un-reimbursed costs incurred. • In the event the borrower reinstates the loan, Servicer will remit to the Client payments received from the borrower. For those loans that are reinstated by the borrower,Servicer will resume normal servicing functions. • Bankruptcy Administration Services 1. Chapter 7 Bankruptcy: a. Upon receipt of notification from a court of law,debtor(borrower),or the Client,of a Chapter 7 bankruptcy for a debtor serviced by Servicer,Servicer will modify the account in preparation for monitoring of payments. Additionally, a Reaffirmation Agreement will be generated and forwarded to the borrower's attorney (debtor's counsel) for signature, and to the appropriate