Servicing Transfer InformationSection 1Please check any one option from A, B and C applicable to your <strong>com</strong>pany, and follow theinstructions given alongside each option accordingly.A. [ ] We may assign, sell or transfer the servicing of your loan sometime while the loan isoutstanding (If selected, proceed to Section 2)B. [ ] We do not service loans, and (If selected, then please check one option below, andthen proceed to Section 2)[ ] We have not serviced mortgage loans in the past 3 years[ ] We presently intend to assign, sell or transfer the servicing of your mortgage loanC. [ ] We assign, sell or transfer the servicing of some of our loans while the loan isoutstanding depending on the type of loan and other factors. (If selected, then please fillthe table below, and proceed to Section 2)FHA (check one below) VA (check one below) Other (check one below)[ ] sell all of the mortgageservicing;[ ] retain all of the mortgageservicing;[ ] assign, sell or transfer__% of the mortgageservicingSection 2[ ] sell all of the mortgageservicing;[ ] retain all of the mortgageservicing;[ ] assign, sell or transfer__% of the mortgageservicing[ ] sell all of the mortgageservicing;[ ] retain all of the mortgageservicing;[ ] assign, sell ortransfer__% of the mortgageservicingFor all the first lien mortgage loans that we make in the 12 month period after yourmortgage loan is funded, we estimate that the percentage of such loans for which we willtransfer servicing is between:[ ] 0 – 25% [ ] 26 – 50% [ ] 51 – 75% [ ] 76 – 100%[ ] (Includes assignments, sales, or transfers to affiliates)Section 3[ ] We have previously assigned, sold or transferred the services of first lien mortgageloans.This is our record of transferring the servicing of the first lien mortgage loans we havemade in the past (Please fill in the details in the table below):Year2012201120102009[ ] (Includes assignments, sales, or transfers to affiliates)PercentInitials:________ BC App Ver. 7.7 10/06/2014 Page 4
DisclosuresIf you answer ‘Yes’ to any of the following questions, please attach a detailed, signedexplanation:1. Has your firm, management, and/or senior officers been a party in alawsuit in reference to the origination, sale, and/or servicing of loans in thelast 5 years?2. Are you or any members of management and/or senior officers of thisfirm presently involved in any pending litigation, either civil or criminal?3. Have you or any members of management and/or senior officers of thisfirm had any judgments entered against you/them in the past 12 months?4. Have you or any members of management and/or senior officers of thisfirm ever been convicted of a crime or named in a criminal proceedingexcluding traffic violation?5. Has your firm, management, and/or senior officers, or loan officers everbeen terminated or placed on an exclusionary list by an investor, HUD,private mortgage insurance <strong>com</strong>pany, or by a regulator?6. Has your firm, management, and/or senior officers had any formal<strong>com</strong>plaints filed against it by any state or federal agency in the past 3years?7. Has your firm, management, and/or senior officers ever been prohibitedfrom engaging in regulated activities or had licenses denied, suspended?8. Has your firm received any investor repurchase or indemnificationrequested in the last 12 months?9. Has your firm, management, and/or senior officers had any pendingunsatisfied judgments against you/them?10. Has your firm, management, and/or senior officers been a party to abankruptcy within the past seven (7) years?11. Has your firm, management, and/or senior officers had propertyforeclosed upon/given title or deed in lieu thereof in the past seven (7)years?[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] N[ ] Y · [ ] NThe undersigned applicant hereby certifies that the above information is true and correct tothe best of the applicant’s knowledge. The undersigned authorizes <strong>SWMC</strong>, as necessary, toverify information provided by the applicant. I (We) hereby understand that I (we) am (are)fully responsible for the activity for all my (our) sales personnel, that ethical and properselling practices will be followed, and that immediate attention will be given to all<strong>com</strong>plaints. I (We) hereby certify that the above statements are true, and I (we)understand this application shall remain the property of the financial institution to which it issubmitted and, if requested, a copy may be furnished to FHLMC, FNMA, or any otherinstitution insuring, or approving my (our) loan packages submitted to you to providefinancing for customers.__________________________________________________________________Signature of Authorized Officer, Title__________________________________________________________________Name (please print)DateInitials:________ BC App Ver. 7.7 10/06/2014 Page 5