Ditech Correspondent Lending: Delivery methods

CORRESPONDENT FUNDING

DELIVERY METHODSRATE SHEET FORWARD VS. DIRECT TRADE VS. AOT VS. BULK

CL-DM-RSF-DT-AOT-0117

This information is being distributed to mortgage professionals and business entities only. It may not be distributed to consumers or used in any solicitation or advertisement for a mortgage loan, in whole or in part.

Rate Sheet Forward Direct Trade AOT Bulk

Available Products Fixed Rate Conforming, FHA, VA and USDA Fixed Rate Conforming, FHA, VA and USDA Fixed Rate Conforming, FHA, VA and USDA Fixed Rate Conforming, FHA, VA and USDA

Subject to Overlays Yes Yes Yes Yes

Range of Rates Rates displayed on rate sheet Available rate for coupon displayed within the Live Trade Pricing Model

Available rate for coupon displayed within the Live Trade Pricing Model

Available rate for coupon displayed within the Live Trade Pricing Model

High Balance Limit No N/A N/A N/A

Market Movement Protection

Rally Positive market move included in price N/A N/A N/A

Sell Off Negative market move included in price N/A N/A N/A

Commitment Amount

Min 500K No Minimum 500K $1MM Per Bid Tape (No Trade Minimum)

Max Negotiated Maximum Negotiated Maximum Negotiated Maximum N/A

% Tolerance +/- 2% +/- 2% +/- 2% +/- 2%

Price Rate Sheet Base +/- Market Move +/- LLPA

Live TBA Trade Price + EDC +/- Live Trade Adj +/- LLPA



Max Price Per Rate Sheet Per Live Trade Pricing Model Per Live Trade Pricing Model N/A

Extension Commitment can be extended, up to 30 days total Commitment can be extended, up to 30 days total Commitment can be extended, up to 30 days total N/A

Early Delivery Credit No Yes (calculated into upfront pricing based on delivery)

Yes (calculated into upfront pricing based on delivery)

Yes (calculated into upfront pricing based on delivery)

Pair Off Costs and Calc

Under Tolerance Amount under tolerance * (current market less original market, minimum charge 0.125%)

Amount under tolerance * (current market less original market, minimum charge 0.125%)

Amount under tolerance * (current market less origi-nal market, minimum charge 0.125%)

Amount under tolerance * (current market less original market, minimum charge 0.125%)

Over Tolerance Amount over tolerance * (current market) Amount over tolerance * (current market) Amount over tolerance * (current market) Amount over tolerance * (current market)

Hedging Yes or No Yes or No Yes or No Yes or No

Hedging Firms/Cost Determined by customer Determined by customer Determined by customer Determined by customer

Trade Takeout Direct to ditech; lift any trades used to hedge Direct to ditech; lift any trades used to hedge Direct to ditech; lift any trades used to hedge Direct to ditech; lift any trades used to hedge

Delivery Date(s) 5, 7, 15 or 30 Day Lock Window Available Delivery Windows are posted on the Daily Live Trade Pricing Model

Available Delivery Windows are posted on the Daily Live Trade Pricing Model

Available Delivery Windows are posted within the Bid File

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Ditech Financial LLC, 1400 Landmark Towers, 345 St. Peter Street, St. Paul, MN 55102; 1555 Walnut Lane, Irving TX,75038; (800-423-9527). NMLS ID #1057. Arizona Mortgage Banker License #BK 0905674; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Loans made or arranged under a California Finance Lenders Law license; Colorado Responsible Party: Ditech Financial LLC, 800-423-9527; Georgia Residential Mortgage Licensee License #7220; Illinois Residential Mortgage Licensee; Massachusetts Mortgage Lender License #ML1057; Minnesota: This is not an offer to enter into an agreement, which offer may only be made pursuant to Minn. Stat. § 47.206 Subd. 3 and 4.; Mississippi Licensed Mortgage Company; Licensed by the New Hampshire Banking Department; Licensed by the N.J. Department of Banking and Insurance; New York: licensed as a debt collection agency by the New York City Department of Consumer Affairs, License #1325554; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850171.000; Rhode Island: license types include Lender, Small Loan Lender, and Third-Party Loan Servicer; Virginia: NMLS ID #1057 (www.nmlsconsumeraccess.org). ditech does not originate mortgage loans in New York. Limited product availability in West Virginia.

©2017 Ditech Financial LLC

Rate Sheet Forward Direct Trade AOT Bulk

Loan Level Details at Time of Commitment? No, must select product grid from rate sheet No, must select security type, coupon and term No, must select security type, coupon and term Yes

Delivery Credit Package & Closing Package on or before the Commitment Expiration Date

Credit Package & Closing Package on or before the Commitment Expiration Date



Funding Flow, as delivered Flow, as delivered Flow, as delivered Flow, as delivered

Execution ditech Capital Markets ditech Capital Markets Fax into AOT Tri Party ditech Capital Markets

Initial Submission N/A N/A N/A Submit Bid Tapes to [email protected]

Phone, Fax or Email Communication

Call into 866-395-4622 10:00 am - 5:00 pm

Call into 866-395-4622 10:00 am - 5:00 pm

Fax assignments over to 866-241-4004 Email over to [email protected] 10:00 am - 5:00 pm

Reply to all on bid email distribution - Or Call into 866-395-4622 to execute Bulk Trade.

10:00 am - 5:00 pm

Trade Management Correspondent Web - Bulk Services Section Commitment Management

Correspondent Web - Bulk Services Section Commitment Management



Signed Confirmations Email to: [email protected] Email to: [email protected] Email to: [email protected] Email to: [email protected]

Pair Outs or Extensions Email to: [email protected] Email to: [email protected] Email to: [email protected] Email to: [email protected]

Registration See CLI Template in Forms Library on ditech Correspondent Web

See CLI Template in Forms Library on ditech Correspondent Web

See CLI Template in Forms Library on ditech Correspondent Web Ditech will register from Bid Tape data

Cancellation and Replacements Email to: [email protected] Email to: [email protected] Email to: [email protected] Email to: [email protected]

CORRESPONDENT FUNDING

DELIVERY METHODSRATE SHEET FORWARD VS. DIRECT TRADE VS. AOT VS. BULK

Ditech Correspondent Lending: Delivery methods

Economy & Finance

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