1. How to Price a Loan

2. Useful Pricing Information Rate guide pricing assumes 1.000 origination is being collected. If the borrower is not being charged then take -1.000 away from the rate guide pricing. Loan size adjusters are listed on page 1 and 2 of the rate guides and apply to all products except FHA. FHA products do not receive loan size adjusters. 60 day pricing is -.375 worse than 45 day pricing on all products that allow 60 day pricing. Extended lock options are located on page 2 of the rate guides and also apply to most Government 30 programs. Lock Desk Hours: Weekdays 8:30 am – 8:30 pm EST Weekends 8:30 am Friday – 8:00 pm EST Sunday

3. All pricing assumes 1.000 origination is being collected. Ex. FHA 30 3.500% 30 days not collecting any points (0 & 0) and a FICO score of 690. 100.125 Rate Guide Price -1.000 No Origination +.250 FHA Improvement 99.375 Final Price (-.625 shortage)

4. EXTENSIONS The extension policy is located at the bottom of page 1 of the daily rate guides. Extension requests should be sent to Rate Lock from PCL and cannot expire on a weekend or holiday. In the extension request include the specific number of days and if it will be at a cost to the borrower. The cost to extend the first time is.02 per day and a second extension is.03 per day. The combined total cannot exceed 30 days. A 3 rd extension request at.03 will be granted if a firm close date is confirmed by the closer. Rate Extension Policy First Extension will be 0.02 per day. Second Extension will be 0.03 per day. You must extend to a normal business day, these cannot expire on a weekend or holiday Maximum number of extensions is limited to 2 Maximum number of days for combined extensions is 30 days No Extensions permitted for Non-Conforming Programs All Lock Extension Requests should be sent to ratelock@movementmortgage.com from PCL 3rd Extension Requests or requests exceeding 30 days must have a firm close date in place first

5. Page 2 of the rate guide has Conforming Fixed products (<=$417,000) Extended Lock Option

6. Page 3 contains High Balance and Non- Conforming Fixed and ARM products

7. Page 4 contains the Conforming and High Balance pricing adjustments. These apply to the programs listed on page 2 and page 3 (excluding Non-Conforming) Pricing Example: C30, 3.750%, $200,000, SFR, purchase, 720 FICO, 80/90, 30 day lock, points 0 & 0. 99.750 Rate Guide Price -1.000 No Origination -.500 FICO -.750 CLTV 97.500 Final Price (-2.500 shortage )

8. Page 4 contains HomePath pricing and pricing adjustments. There cannot be a shortage with these programs. Pricing Example: 30 YR, 4.875%, 795 FICO, Primary Purchase, $120,000, SFR, 97% LTV, 30 day lock, points 1 & 1.500. 102.500 Rate Guide Price +1.500 Discount Collected -3.250 HomePath Adjuster -.500 High LTV -.250 FICO 100.000 Final Price No Pricing Adjustment Cap with HomePath Programs

9. Page 5 contains the Open Access program and adjusters. There cannot be a shortage with this product. Pricing Example: 30YR, 4.500%, 787 FICO, Primary Refinance, $260,000, SFR, 100/105, 30 day lock, points.750 & 0. 101.375 Rate Guide Price -.250.750 Origination -1.500 CLTV -1.000 High LTV -.250 FICO +1.625 Pricing Adjustment Cap 100.000 Final Price

10. Page 6 contains the DU Refi Plus Fixed programs (<105% LTV & 105.01-125 LTV) and pricing adjusters. There cannot be a shortage with these programs. Pricing Example: 20 YR, 4.125%, FICO 745, Primary Refinance, $150,000, condo, 106 LTV, 45 day lock, points 1 &.250. 101.500 Rate Guide Price -.750 Condo -1.000 High LTV +.250 Discount Collected 100.000 Final Price Pricing Example # 2: 30 YR, 4.500%, FICO 708, Primary Refinance, $223,000, SFR, 100 LTV, 30 day lock, points.875 & 0. 101.625 Rate Guide Price (<105% LTV) -.125.875 Origination Collected -1.000 High LTV -.500 FICO 100.000 Final Price

11. Rate Lock Email: ratelock@movementmortgage.comratelock@movementmortgage.com Phone: (757)227-3385 ext. 3658