1. Get to Know… TRID TILA-RESPA Integrated Disclosures Big Changes Coming October 3, 2015 Universal American Mortgage Company, LLC dba Eagle Home Mortgage, Company NMLS #1058 See last page for state licensing information.

2. 2 What Is TRID and how does it impact business partners? What are the benefits of TRID? Introduction to new forms and how they will be used Timing requirements and how it will impact loan closings New tolerances and their impact on timing Your resource to learn more: home.eaglehomemortgage.com/TRID What We’ll Cover Today

3. 3 TRID is part of the Consumer Financial Protection Bureau’s “Know Before You Owe” campaign designed to educate and empower consumers. Previously complex and confusing forms have been consolidated and redesigned to provide clarity and consistency Closing documents previously presented at the time of signing or shortly before will now be provided 3 days in advance of closing TRID becomes effective with loan applications after 10/3/15. TRID: An Overview

4. 4 An application continues to be defined by 6 elements (name, address, income, value, SSN, loan amount) A “catch-all” provision has been eliminated from the definition. Fees can only be charged after the homebuyer has received the Loan Estimate and indicates an “Intent to Proceed” Written estimates specific to consumers before they receive the Loan Estimate must state that the terms and costs may change Documents may not be required until after providing the Loan Estimate (however, they may be suggested) Changes that take effect on October 3 even with prior application

5. 5 A better understanding of the mortgage process Easier-to-understand forms Ability to compare options at a glance Knowledge to make informed decisions Homebuyer Benefits of TRID

6. 6 The Loan Estimate

7. 7 New Form #1: The Loan Estimate REPLACES Initial TIL disclosure and Good Faith Estimate (GFE) NEW Loan Estimate Must be used with loan applications on or after October 3, 2015

8. 8 Loan Estimate Page 1: General Information Sales Price Loan Term Product and Loan Type Rate Lock Status Loan Terms and Loan Amount Projected Payments Costs at Closing

9. 9 Loan Estimate Page 2: Closing Cost Details Loan Costs Other Costs Calculating Cash to Close Adjustable Interest Rate Table (if applicable) Adjustable Payment Table (if applicable)

10. 10 Loan Estimate Page 3: Overview Creditor and Loan Officer Contact Information Comparisons, including: Principle, interest, mortgage insurance and loan costs in 5 years. Total Interest Percentage or Amount Interest Paid Over Term Other Considerations, including: Whether loan is assumable Whether loan will be serviced by lender Confirm Receipt (optional)

11. 11 Written List of Service Providers “Shoppable” List, including: Pest Inspection Survey Title Services

12. 12 Changed Circumstances – Loan Estimate Allowed within 3 days of change when: Homebuyer eligibility changes Homebuyer requests a change “Intent to proceed” indicated over 10 days after LE New construction closing over 60 days after LE Changes in the points or lender credits due to rate lock

13. 13 Pre-Disclosure Written worksheet received before the Loan Estimate: Must not have a similar format to the Loan Estimate Must state prominently at the top of the first page in at least 12 -point font: “Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.” (Statement not required for advertisements or information not specific to the consumer) No fees collected until… Loan Estimate received and “Intent to proceed” indicated

14. 14 The Closing Disclosure

15. 15 New Form #2: The Closing Disclosure REPLACES Final TIL disclosure and HUD- 1 Settlement Statement NEW Closing Disclosure Must be used with loan applications on or after October 3, 2015 Since the forms are unreadable how about if we just took a snippet of the name of the form from the corner of the document and blow it up some but not so much that’s it’s too fuzzy.

16. 16 Closing Disclosure Page 1: General Sales Price Loan Term Product and Loan Type Rate Lock Status Loan Terms and Loan Amount Projected Payments Costs at Closing

17. 17 Closing Disclosure Page 2: Closing Costs Loan Costs Other Costs Calculating Cash to Close Adjustable Interest Rate Table (if applicable) Adjustable Payment Table (if applicable)

18. 18 Calculating Cash to Close Summaries of Transactions, including: Amount due from borrower Adjustments for items paid by seller Cash to close Closing Disclosure Page 3: Cash to Close, Summary

19. 19 Loan Assumability Demand Features Negative Amortization Escrow Account Information Closing Disclosure Page 4: Loan Disclosures

20. 20 Loan Calculations Other Disclosures Contact Information Confirm Receipt Closing Disclosure Page 5: Overview

21. 21 Closing Disclosure Variations (formerly called Tolerances) 1. NO VARIATION PERMITTED (Zero Tolerance / Can Not Increase): Fees paid to the lender or affiliate Transfer taxes 2. 10% VARIATION PERMITTED (cumulative): Fees paid to suggested service providers Recording fees 3. VARIATIONS PERMITTED (No Tolerance/Charges may increase by any amount): Services not indicated on the written list Prepaid interest, property insurance premiums, escrow, impound, reserve, etc.

22. 22 Closing Disclosure Delivery Requirements Borrower must receive 3 business days before consummation Lender is responsible for delivery and content Settlement agent allowed to provide, but currently Eagle will provide Eagle will require signatures on the Loan Estimate and Closing Disclosure

23. 23 Changed Circumstances – Closing Disclosure Before closing The following changes require a new 3-day waiting period: Increases to APR more than.125 (fixed rate) or.25 (adjustable rate) Change to loan product If a prepayment penalty is added After closing Change in amount paid due to event within 30 days of closing Non-numerical typos Refunds for tolerance violations

24. 24 How You Can Help! When possible utilize Electronic Delivery Consent to expedite closing process. Set homebuyer expectations for the timing of the closing 3 day waiting period Provide accurate information early and often throughout the process Educate consumers and partnering with us in our vision to “Enrich Lives”

25. 25 Our Vision ENRICHING LIVES THROUGH A DEDICATED COMMITMENT TO HOMEOWNERSHIP

26. 26 Three Things to Remember! 1.It’s great for the homebuyer 2.It starts October 3 rd 3.Eagle is ready and will remain focused on closing on time For more information and updates on TRID, please visit: home.eaglehomemortgage.com/TRID

27. 27 “After the big mortgage mess, we’re being a bit more careful these days…” “…I’ll need your tax records, financial documents, plus letters of recommendation from the Chairman of the Federal Reserve, the President of the United States, Oprah and the Pope.”

28. 28 Contact StevenWright/Sunny WilsonOffice: 253.864.6222 stevenwright@eaglehm.comCell-(Steven) 253.230.8622 sunnywilson@eaglehm.com Cell-(Sunny) 425.876.4959 Twitter: twitter.com/Eagle_Mortgage LinkedIn:linkedin.com/company/eagle-home-mortgage You Tube:youtube.com/eaglehomemortgage Pinterest:pinterest.com/eaglehm 1029 E Main St. Suite #101, Puyallup, Wa For more information and updates on TRID, please visit: home.eaglehomemortgage.com/TRID

29. Thank You For Your Time! Thank You For Your Time! Universal American Mortgage Company, LLC dba Eagle Home Mortgage - Company NMLS # 1058 (www.nmlsconsumeraccess.org): CA - Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. RMLA # 4130443; CO - CO Supervised Lender License # 987996, Brian T Rindels, NMLS # 10725, 303-716-9000, Regulated by the Division of Real Estate; CT - Cedar Knolls license # ML-BCH-1152873; FL - Mortgage Lender/Servicer License # MLDB1731; GA - Branch NMLS #315634, Branch License #5675/53893, 1000 Holcomb Woods Parkway Bldg. 200 Suite 200, Roswell, GA 30076; Branch NMLS #1207373, GA License #71960, 125 Town Park Drive, Kennesaw, GA 30144; 31351 Rancho Viejo Road, Suite 202 &203, San Juan Capistrano, CA 92675, Branch NMLS#1173501; "Georgia Residential Mortgage Licensee"; ID - Mortgage Broker/Lender License # MBL-7679; IL - Illinois Residential Mortgage Licensee #MB0002095, Branch NMLS # 1192580 (1 Tower Lane, Suite 2655, Oakbrook Terrace, IL 60181); MD - Mortgage Lender License # 8101 Kietzke Lane, Suite 200, Reno, NV 89511, 775-337-7600; 1030 Caughlin Crossing, Reno, NV 89519, 775-284-3055; 500 DaMonte Ranch Pkwy., Suite 601, Reno, NV 89521, 775-850-3187; 4870 Vista Blvd., Sparks, NV 89436, 775-626-3673; MA - Mortgage Lender & Broker License # MC1058; MT - Mortgage Lender/Broker/Servicer License # 1058; NH - Licensed by the New Hampshire Banking Department; NV - Mortgage Broker License #1055; 5555; 820 Idaho Street, Elko, NV 89801, 775-777-3227; 3700 Lakeside Drive, Suite100, Reno, NV 89509, 775-200-7040; NJ - Licensed by the New Jersey Department of Banking and Insurance, Qualified Individual NMLS #130806; 2465 Kuser Road, 3rd Floor, Hamilton, NJ 08690, 609-245-2240; 240 Cedar Knolls Road, Suite 400, Cedar Knolls, NJ 07927; NC - Raleigh Branch NMLS #1166277; OR - Mortgage Lending License #ML-5079, 7320 SW Hunziker Street, Suite 300, Tigard, OR 97223; Mortgage Lending License #ML-5079-39, 3605 S. Teller Street, Lakewood, CO 80235; Mortgage Lending License #ML-5079-40, 32605 Temecula Parkway, Suite 310, Temecula, CA 92592; Mortgage Lending License #ML-5079-41, 17671 Cowan, Suite 206, Irvine, CA 92614; Mortgage Lending License #ML-5079-42, 31351 Rancho Viejo Road, Suite 202 & 203, San Juan Capistrano, CA 92675; PA - Licensed by the Pennsylvania Department of Banking and Securities pursuant to the Mortgage Act. Branch NMLS #1152873; SC - Charleston Branch NMLS #313773; TX - Branch NMLS #1020880, 4012 Preston Road, Suite 200, Plano, TX 75093; NMLS #1075077, 2201 South W.S. Young Drive, Suite 111-A, Killeen, TX 76543; NMLS #1068413, 12301 Research Blvd. Bldg.4 Suite 185 Austin, TX 78759; NMLS #1084944, 18756 Stone Oak Parkway Suite 200 San Antonio, Texas 78258; NMLS #1172195, 17671 Cowan, Suite 206, Irvine, CA 92614; NMLS #1173486, 32605 Temecula Parkway, Suite 310, Temecula Parkway, CA, 92592; NMLS #1173503, 3605 S. Teller Street, Lakewood, CO 80235; UT - DRE Mortgage Entity License #8070821 / Mortgage Entity License-Other trade name #1 #8070828; VA - Licensed by the "Virginia State Corporation Commission"; WA - Consumer Loan License # CL-1058. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify. This information is for real estate agents and is not for distribution to consumers or other third parties.