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52 Asset Management Guide SPECIAL ADVERTORIAL SECTION KEY PERSONNEL Brian Gordon EVP Michael Dorner SVP Mike Chew VP Nolan Turner SVP, Managing Director STAFFING: » Company Employees: 60 » Internal Agent Network: 1,000 » Referral Network: 2,150 » Property Manager Network: 240+ BUSINESS LINES/SERVICES: » asset management » property management » valuation services CORPORATE STRENGTHS: » reliable, proven performance » risk management » capacity and scalability » national presence » local market expertise » competitive pricing » transparency » the latest technology capabilities » vendor quality control » business-process expertise INDUSTRY RECOGNITION: » Morningstar MOR RV1 ranking 2014, 2015, 2016, and 2017 » SAS 70 Report 2010, 2012 » SSAE 18/SOC 1 Type II Report (formerly known as SAS 70 and SSAE No. 16) 2013, 2014, 2015, 2016, 2017, and 2018 CORPORATE DETAILS: 1600 S. Douglass Road, Suite 130 A, Anaheim, CA 92806 | Michael.Dorner@CarringtonPS.com 949.517.6728 | CarringtonPS.com COMPANY DESCRIPTION: Carrington Property Services, LLC (CPS) is a provider of real estate marketing and management services for institutional property owners. The company prepares and executes a customized disposition plan for each individual property via a sales or rental strategy in order to maximize return to the investor. CPS offers a comprehensive suite of flexible services to minimize risk for institutional owners of real estate who are looking for a cost-effective way to manage and market their assets. CPS helps their clients create a variety of tailored property disposition solutions, including asset-management oversight, retail and wholesale liquidations, property rental, and management solutions. Expertise across multiple U.S. markets is combined with personalized local market presence and supported by a national network of real estate and property- management professionals, as well as a proprietary software application that allows CPS to monitor and manage the assets in its care. WHAT SETS YOU APART FROM YOUR COMPETITORS? With operations in Anaheim, California, and Plano, Texas, CPS has a history of innovation, offering an integrated approach to asset management leveraging longstanding relationships with affiliate and external vendors to maximize efficiency and performance. At its founding, CPS was designed with the express intent of minimizing loss through shortening holding times and mitigating headline, reputational, compliance, and regulatory risk. Having a national reach and scope, CPS currently supports clients, including GSEs, institutional investors, and mortgage servicers. CPS has a seasoned management team that effectively integrates their collective experience in asset management to consistently exceed client performance KPIs. This depth of experience is most important during the onboarding of new clients to ensure all variables are considered and the transition is seamless for all stakeholders. THE CARRINGTON DIFFERENCE: What differentiates CPS from its competition is a holistic approach to asset management. The company's integrated business model delivers high-performance national coverage through a central point of control and provides access to the expertise of the entire Carrington family of companies, with services that include financing, REO asset management, rental management, property evaluations, title and escrow, and real estate sales. This vertically integrated approach offers flexibility and customizable strategies based on each client's unique needs. As an industry-leading REO asset manager, CPS manages both standard and reverse mortgage properties with a nationwide footprint. As a property manager, CPS has over 10 years' experience providing management of occupied REO and SFR investment rental properties. CPS is also an experienced diligence and valuation services provider with national coverage. QUICK FACTS: » 2006—CPS Asset Management created to liquidate REO assets for Carrington's internal portfolio » 2010—CPS began providing asset management services to third parties » 2012—CPS unveiled the Carrington Property Network, a curated national network of leading residential real estate brokerage firms focused on REO sales » 2013—primary focus on providing third-party asset- management services to banks, GSEs, and investors » 2014—CPS received the Morningstar MOR RV1 ranking for Residential Vendor REO Asset Management and Residential Vendor Single-Family Rental Property Management (reaffirmed in subsequent years) » 2016—CPS Asset Management oversees portfolios of reverse, USDA, and conventional assets for five unique clients » 2017—CPS Valuations was assigned the Morningstar MOR RV1 ranking for Residential Vendor Asset Valuations » 50,000+ total properties managed since 2008 » 46,000+ properties sold since 2008 » $4.7B in REO sales since 2008 » 58,000+ units managed in various rental programs CARRINGTON PROPERTY SERVICES, LLC PROPERTY SERVICES