Participants : Investors

RMG offers a suite of services to assist investors who purchase whole loans and/or RMBS. RMG�s proprietary software delivers loan-level reporting which can be custom-tailored to your individual needs. In addition, RMG prides itself on its ability to keep up-to-date with developing industry standards set by the ASF and MBA.

Investor Oversight Role � on new or seasoned securitizations

Monthly Loan Level Reporting on Pool Performance and Corrective Servicer Action
Loss Mitigation and Default Management
Prepayment Premium and Insurance Claim Tracking
Collateral and Trust Report Reconciliation
Delivery of Uniform Data Upload for all Deals

WHOLE LOANS

RMG offers a "cradle to grave" suite of services for those participants interested in purchasing whole loan pools. From the time the bid is won, RMG stands prepared to perform a comprehensive due diligence review. The depth and scope of the review would be determined by our clients. In addition to the standard credit and compliance reviews, the following list is a representative sample of some of the additional scope items that may be added to the review based upon your needs. This list is by no means meant to be all inclusive:

Review and Summarize Servicer Comments
Review Pay Histories
Order and Reconcile New BPOs
SSN Verification
Fraudguard Search
MERS Search
Banko Search
Income Verification (Work Number, Salary.com)
Willingness/Ability Assessment

Once the due diligence review has been completed and the deal closed, RMG's surveillance services would then be prepared to oversee and manage the servicer as they service the loans you purchased. The breadth and depth of our surveillance process is determined by our clients. Our services range from merely a reporting and oversight role, to actively managing the servicer through the critical components of the servicing process, for example:

Approve all loss mitigation actions on a loan by loan basis prior to implementation
Ensure that all timelines are being met (i.e. FC, BK, etc)
Validate decision to foreclose prior to actual referral to attorney
Approve all foreclosure bids for all loans that do not have MI in accordance with client's criteria
Approve all short sale decisions in accordance with client's criteria
Approve all deed-in-lieu decisions in accordance with client's criteria
Approve all charge off decisions in accordance with client's criteria
Approve all REO marketing plans in accordance with client's criteria
Approve the acceptance of all REO offers in accordance with client's criteria

The above list is not meant to be all inclusive but to serve as an example of the depth of RMG's involvement in the overall servicing process.

In the event that our client has the personnel in place to perform the above tasks, RMG also has the capability of supplying our client with the technology infrastructure to support their business through a system licensing arrangement.

Those clients who purchase whole loan pools and engage us to perform both the due diligence and surveillance functions highlighted below, are able to generate consolidated reports that present both sets of data to you combined on the same report. The benefit to our clients is that subsequent to purchasing the pool of loans, our clients would be able to generate reports that contain the actual servicing data combined with the desired data points from the due diligence review; resulting in the ability to compare performance assumptions at the time of the bid to the actual performance now that the loans are in inventorys, thereby, enabling our clients to fine tune their assumptions going forward for future purchases.

RMG prides itself in its ability to combine intellectual capital with state of the art technology to bring seamless solutions and support to our clients.

DUE DILIGENCE

RMG's experience as a credit risk manager gives us unique insight as a due diligence service provider. Leveraging off the knowledge we have gained about loan performance on the back end, we have assembled a team of seasoned due diligence professionals who combine their underwriting expertise with the power of our proprietary systems to deliver a detailed portfolio risk assessment.

CREDIT & COMPLIANCE RE-UNDERWRITING

Repurchase/Put back reviews
Scratch & Dent performing
Non-performing & REO Asset Review
Prime, Non-Prime, ALT A Reviews


COMPLIANCE REVIEW & SERVICES

State & local High Cost by Fees & APR
ROR Calculations
State Prepayment Penalties
TILA calculation verification
RESPA
Net Tangible Benefit tests

QC AUDITS & POST CLOSE REVIEWS

Data Integrity
Re-verifications
Guideline Exceptions
Credit Re-Underwriting
Compliance Review
Fraud Review
Property Valuation Review
FHA QC Requirements

ADDITIONAL DUE DILIGENCE SERVICES

Predatory Lending Reviews
Warehouse Lending Reviews
Data Integrity and Management
Quality Control Reviews
Reverse Mortgages
Collateral Reviews
Pay History and Collection Comment Reviews
EPD Reviews
Guideline Exception Reviews
HELOC Reviews
Legal Document Reviews
Special Projects

ANALYTICS

The RMG team is here to meet all your needs. Our team of industry experts are available to perform those special analytical projects that our clients need to get done in a hurry.

The following represents an example of some of the special analytical projects RMG has performed for our clients.

Advance Audits
ARM Audits
HMDA Audits
Various other analysis projects identified by our clients
Waterfall & Cashflow modeling & validation

RMG welcomes the opportunity to meet and exceed your expectations.

Please contact Cathy Cunningham, Director - Business Development & Sales, at 718.858.6050 or at cathyc@rmgglobal.com for additional information.