Broker Application Checklist - bluepointmtg.com · Broker Application Checklist Thank you for your...

Broker Application Checklist

Thank you for your interest in becoming an approved broker-partner with BluePoint Mortgage (BluePoint).

Required Application Forms:

Required Supporting Documentation: (please submit PDF forms satisfying the following requirements)

Optional Supporting Documentation – This documentation is not required for initial review but may be included to strengthen the

position of the applicant also, some items may be required as part of the broker review process.

Audited Financials

E&O Policy

Last 3 months bank statements

PLEASE BE ADVISED: THE APPROVAL PROCESS WILL NOT BE INITIATED UNTIL ALL OF THE REQUIRED

DOCUMENTATION HAS BEEN COMPLETED

MISSING DOCUMENTATION WILL RESULT IN SUBSTANTIAL DELAYS IN THE PROCESSING OF YOUR BROKER APPROVAL

REQUEST.

If you have any questions or concerns, please contact our Broker Approval Desk at

[email protected]

Tax Returns Business Plan Lender References

Revised 1/9/19

Completed application and ProfileBroker Agreement – All pages must be initialed, and the final page executed and dated by a principal of the entity (and the Broker of Record if applicable). Please note: Alterations of the agreement will not be accepted.Broker Compensation AddendumCompensation Election FormZero Tolerance Fraud PolicyHiring Policy AcknowledgmentIRS Form W-9Mortgage Fraud Warning NoticeContact List of Employees Completed FHA Addendum

Financial Statements – Please include a Balance Sheet AND Income Statement dated within 60 days.Company Formation Documentation – Articles of Organization or Incorporation and a copy of the Operating Agreement or By-laws or applicable document. Fictitious Business Name Documentation – proof of registration of any DBA or other fictitious business name. Quality Control Policy – Each Applicant is responsible for developing and maintaining a Quality Control Policy that meets industry and agency standards. A copy of that policy is required. Resumes of Principals – “Principal”: > 10% Ownership; the Broker of Record; etc.

mailto:[email protected]

APPLICATION

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INFO

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BROKER OF RECORD STREET ADDRESS

CITY STATE ZIP PHONE EMAIL

Are you currently acting as Broker of Record for any other company other than the one associated with this application? q Yes q No

If YES, please list the name and address of each company. (If more space is needed, please use additional sheets)

NAME ADDRESS CITY ZIP

NAME ADDRESS CITY ZIP

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INC

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1) NAME TITLE SSN# % OF COMPANY OWNERSHIP




All Applicants

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BUSINESS NAME DBA ACCOUNT EXECUTIVE

STREET ADDRESS TYPE OF BUSINESS q National Bank q State CreditUnion

q State Bankq MortgageBroker

q S&L q MortgageBanker

q Federal CreditUnionq Other

CITY STATE ZIP FORMAT OF BUSINESS q Association q S Corp

q Partnershipq LLC

q C Corp q Sole Proprietorship

PHONE FAX STATES LICENSED TO DO BUSINESS IN

MAIN CONTACT PHONE EMAIL

DATE COMPANY FORMED / INCORPORATED / CHARTERED STATE COUNTY COMPANY TIN / SSN

ARE YOU CURRENTLY TABLE FUNDING TRANSACTIONS?

q Yes q No

WHAT NAME WILL BE USED WHEN PREPARING LOAN DOCUMENTS?

q Broker’s/Bank’s Name q Other:

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1) BRANCH NAME STREET ADDRESS

CITY STATE ZIP CONTACT PHONE





Note: Please list ALL branches in every state you are currently licensed in (if more space is required, please attach additional sheets and include a copy of current license for each state listed).

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1) LENDER NAME CONTACT PHONE EMAIL



Note: Minimum of 3 references. Lender Scorecards can be substituted for References.

APPLICATION

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AFFILIATED COMPANIES q YES q NO

1) COMPANY NAME TYPE OF BUSINESS % OF OWNERSHIP EMAIL



THIRD PARTY VENDORS (e.g. Contract Processing, Credit)1) COMPANY NAME SERVICE PROVIDED PHONE EMAIL

2) COMPANY NAME SERVICE PROVIDED PHONE EMAIL

3) COMPANY NAME SERVICE PROVIDED PHONE EMAIL

PRODUCTION (previous year and YTD)

Production Type Loan VolumePrevious Year

Loan VolumeYTD

# of LoansPrevious Year

# of LoansYTD

FHA

VA

Conventional

Super Jumbo

2nd Trust Deeds

TOTALS

COMPANY HISTORYIf you answer yes to any of the questions below, please provide an explanation on a separate sheet, including the dates of any adverse actions; all parties’ names; resolution of the matter, case or file numbers; and jurisdiction where the action took place.

YES NO QUESTIONS

q q 1) Has your company/institution ever been suspended from selling or submitting loans to another financial institution or lender?

q q 2) Has your company/institution ever been involved or is currently involved in any litigation?

q q 3) Has your company/institution and/or principals or corporate officers been named as defendant in a criminal proceeding or a complaint/conviction for alleged fraud or misrepresentation in connection with any real estate-related or mortgage lending-related activity?

q q 4) Has your company/institution and/or principals or corporate officers been the subject of any action under bankruptcy laws or otherapplicable insolvency laws within the past seven years?

q q 5) Has your company/institution and/or principals or corporate officers ever had a real estate or other professional license suspended orrevoked, or received any other disciplinary action from a regulatory agency?

q q 6) Has any financial institution enforced the hold harmless or repurchase clause of their correspondent or broker agreement with your com-pany/institution and/or any principals or corporate officers?

I/we certify the above information to be true and correct. The undersigned declares that the foregoing information and all accompanying information are true to the best of his/her knowledge and belief.

Signature of Principal / Corporate Officer / Member / Partner Date Signature of Principal / Corporate Officer / Member / Partner Date

Print Name Print Name

Title Title

Broker Initials

MORTGAGE BROKER AGREEMENT

Mortgage Broker: NMLS ID#

Account Executive:

Pursuant to this Mortgage Broker Agreement (the “Agreement”), BluePoint Mortgage (BluePoint) a dba of Royal Pacific Funding Corporation (“Lender”) and Broker (as identified above) together known as “the Parties” hereby agree as follows:

1. ORIGINATION. Broker, at its sole expense and discretion, may submit to Lender on behalf of a prospective Borrower(s),application(s) for a residential mortgage loan (“Mortgage Loan”) which conforms to all the requirements of the specificmortgage loan program at the time the application is submitted. Broker shall be responsible for determining whether anapplication meets the terms and requirements of the programs provided and Lender shall have no obligation to accept aMortgage Loan which does not comply with those terms and requirements. The acceptance or processing of any loanapplication shall not be construed as a commitment by Lender to fund the Mortgage Loan. The decision to approve any loanapplication or to purchase any closed Mortgage Loan shall be at the sole discretion of Lender. Broker shall not make anycommitment to any loan applicant, seller, real estate agent, or other third-party on behalf of Lender without Lender’s priorwritten approval. All Loans submitted hereunder shall close in Lender’s name.

2. COMPLIANCE WITH POLICIES. Broker shall comply with the terms of this Agreement, Lender’s Program Guidelines, and all ofLender’s policies and procedures in conjunction with the registration of Mortgage Loan applications for Mortgage Loans underLender’s programs. Broker has no authority to obligate, commit or bind Lender for any purpose without Lender’s prior wr ittenconsent. Lender, at its sole discretion, may revoke Broker’s authorization to submit loan applications under this Agreement atany time with or without cause.

3. DOCUMENTATION. Each Mortgage Loan must be submitted in accordance with Lender’s Program Guidelines and be on formsacceptable to Lender. For each Mortgage Loan, Broker shall submit to Lender an application signed by the applicant(s) and anycredit, financial and other information necessary for Lender to investigate, underwrite, and fully review the Mortgage Loanapplication. Broker shall assist Lender in obtaining any additional information needed by Lender and, if applicable, facilitate theclosing of the Mortgage Loan transaction. Broker shall maintain a complete and accurate account, satisfactory to Lender, of allfunds collected and paid relating to the Mortgage Loan(s). The contents of the Mortgage Loan package submitted to Lendershall immediately become the property of Lender, and all information therein may be subject to Lender’s independentverification; provided, however that any investigation by Lender of such information shall in no way release the Broker from itsduties pursuant to this Agreement.

4. BROKER’S WARRANTIES. Broker represents, warrants, and covenants to Lender, as of (i) the time this Agreement is executed,(ii) the time any Loan package is submitted to Lender, and (iii) as of the time the Loan is funded and closed through the life ofthe Loan, all of the following:

a. Authority and Capacity. Broker is a duly organized and validly existing entity in good standing in its state of formation andis properly licensed and registered in such state or other states in which it is engaged in the business of originatingmortgage loans, and that it has the requisite authority and capacity to enter into this Agreement and the Agreement hasbeen duly authorized, executed and delivered by Broker and constitutes a valid and binding obligation of Broker,enforceable in accordance with its terms. Broker's compliance with the terms and conditions of this Agreement will notviolate any provisions of its charter documents, any instrument relating to the conduct of its business, or any otheragreement, law or regulation to which it may be a party or under which it may be governed. Broker further acknowledges

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and agrees that Lender does not accept any Mortgage Loans where there is more than one broker involved in the Mortgage Loan (a co-broker arrangement).

b. Broker Approval. All of the statements, information, and documentation submitted by Broker to Lender in connectionwith Broker’s application to become an approved Broker, including any statements, information, and documentationsubmitted by Broker in connection with periodic renewals or recertification of Broker’s approval are and will be true,correct, and complete in all material respects.

Notwithstanding the above, Broker shall notify Lender within 5 days of any occurrence which would jeopardize the Broker’s ability to originate loans or remain party to this agreement.

c. Duly Licensed. Broker possesses all necessary licenses, permits and authority to conduct a mortgage brokerage businessand to engage in the activities contemplated by this agreement. In addition, all Mortgage Loan Originators, as definedunder the Secure and Fair Enforcement Mortgage Licensing Act (“SAFE Act”), who will conduct licensed activity on amortgage loan submitted to Lender are properly licensed and/or registered within the National Mortgage LicensingSystem (NMLS) in the jurisdiction in which the subject property is located as of the date the application was taken. Brokerhereby agrees to provide Lender with the names of all Loan Officers associated with their mortgage brokerage businessupon request. Lender will verify the licensing status of all Loan Officers at the time each Mortgage Loan Application issubmitted and throughout the loan process to ensure the loan is properly handled by a licensed Loan Originator.

d. Absence of Claims. Except as previously disclosed by Broker to Lender in writing, to the best of Broker’s knowledge, thereis no pending or any threatened suit, action, arbitration, legal administrative proceeding, or any other governmentalproceeding or investigation (including an allegation of fraud by another lender) against Broker or its current or formerowners, agents, or employees, which could have a material adverse effect on the Broker’s business, assets, financialcondition, operations, or reputation.

e. Verification of Mortgage Loan Documents. All information submitted by Broker to Lender with regard to the MortgageLoan, including all written material, are represented and warranted by the Broker to be true, correct, currently valid, andgenuine. The Mortgage Loan package does not contain any false, fraudulent, inaccurate, or erroneous information orstatements, and does not omit any material facts necessary to make any statement or information included in theMortgage Loan package true, accurate, and/or understandable. No advance fee, note, loan, postdated check, or otherform of compensation or obligation were taken in connection with any Mortgage Loan by the Broker, unless permitted byapplicable law. All other representations as to each such Mortgage Loan are true and correct and meet the requirementsand specifications of all parts of this Agreement. The closing of a Mortgage Loan by Lender shall in no way relieve Brokerfrom or constitute a waiver of any of the requirements of this Agreement for any Mortgage Loan or from therepresentations and warranties made as to every Mortgage Loan under the terms of this Agreement.

f. Fraud. Lender maintains a ZERO TOLERANCE Fraud Policy a copy of which will be included with this Agreement to beexecuted by the Broker. In signing this agreement and the Zero Tolerance Statement, Broker warrants as follows:

i. Broker shall not submit any application for a mortgage loan, nor any supporting documentation required for theapproval of such mortgage loan, containing fraudulent or misrepresented information. Broker shall be fullyresponsible for all actions taken in performing its obligations under this Agreement and in relation to this warranty,whether any such information is submitted by the Broker, its employees, agents/licensees, the applicant(s), or anyother third party involved in the origination of the Mortgage Loan. Broker shall cooperate in any fraud or excessdelinquency investigations conducted by Lender or its agent or designee. BROKER UNDERSTANDS THAT BYMAKING THE WARRANTY CONTAINED IN THIS SECTION 4(F) IT IS WARRANTING THE ACCURACY OF ALLINFORMATION CONTAINED IN ANY LOAN PACKAGE SUBMITTED TO LENDER, WHETHER OR NOT SUBMITTED BYBROKER AND WHETHER OR NOT BROKER HAS KNOWLEDGE OF, OR REASON TO SUSPECT, ANY INACCURACY.

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ii. In the event that Lender has reason to believe an event of fraud or misrepresentation has occurred in connectionwith a closed loan file, Broker shall unconditionally repurchase any such Mortgage Loan immediately and refund toLender any and all premium paid by Lender to Broker. In addition to required repurchase in the event of a fundedloan containing fraud or misrepresentation, Broker further understands that in the event the Lender reasonablybelieves there has been some form of fraud or misrepresentation made in connection with a mortgage loan,regardless of whether the loan was funded, the Lender has a duty to report any such incidences of fraud,misrepresentation, or other suspicious activity to the appropriate State and Federal regulatory authorities, asrequired by the Bank Secrecy Act and Lender’s internal Anti-Money Laundering Policy and Lender will not hesitateto do so. Broker acknowledges the importance of Lender’s right and necessity to disclose such information.Therein, Broker waives any and all claims for liability, damages and equitable or administrative relief in connectionwith Lender’s disclosure of such information.

g. Compliance with Laws. Lender is committed to complying with all laws and regulations governing the origination, funding,and servicing of mortgage loans and requires that Broker shall comply with all laws and regulations applicable to it as aBroker under any and all Federal regulations, as governed by the Consumer Financial Protection Bureau (CFPB) or anyother federal agency. These federal regulations include, but are not limited to the following, as they read today and asthey may be amended under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank): the RealEstate Settlement Procedures Act and Regulation X (RESPA), the Truth in Lending Act and Regulation Z (TILA), the EqualCredit Opportunity Act and Regulation B (ECOA), the Fair Housing Act, Fair Credit Reporting Act, the Privacy Act, the FairDebt Collections Practices Act, the SAFE Act, the Bank Secrecy Act, TILA-RESPA Integrated Disclosure rule (“TRID”)amending both Regulation Z and Regulation X as well as all promulgated rules and regulations relating thereto, and allother local state and federal laws and regulations that govern mortgage origination and the services appurtenant thereto.The Broker shall strictly comply with all applicable laws prohibiting predatory lending, lending discrimination, and unfair ordeceptive practices.

h. Fair Lending. Broker shall provide fair and equitable treatment to all home loan applicants, regardless of race, color,gender, marital status, familial status, immigration status, sexual orientation, religion, disability or national origin. Any actof discrimination violates Lender’s Fair Lending Policy and will be deemed grounds for termination of this agreement.

i. Borrower’s Authorization. Broker has received written authorization from the Borrower to submit the Mortgage LoanApplication to the Lender and for Lender to view and verify Borrower’s credit information and all other informationcontained in the Loan Package.

j. Agreement with Credit Information Providers. Broker shall strictly comply with all applicable laws and regulationsregarding the access of consumer credit, including but not limited to the Fair Credit Reporting Act and its implementingregulations. Broker agrees to utilize only those credit vendors approved by Lender and Lender shall provide a list of suchapproved credit providers to the Broker upon request. Broker acknowledges and agrees that upon permission of theborrower to submit the loan to Lender and upon further written permission granted by Broker that Lender may be grantedaccess to a re-issued credit report initially requested by Broker. In no case will Lender access a borrower’s credit report aspulled by Broker without the written authorization from such Broker that Lender may act on its behalf.

k. Initial Disclosures. Broker is responsible for the timely delivery of all initial disclosures to the borrower as defined by theabove referenced regulations and applicable to a brokered transaction. Specifically, the broker will be expected toprovide an accurate and timely Loan Estimate (LE) of charges as required under the TILA-RESPA (“TRID”) rule within three(3) days of receipt of an application from the borrower, as defined under that Act, or elect the option to have the Lenderdisclose the LE to the borrower(s) provided an acceptable submission package is received by the Lender within 24 hours ofan application from the borrower and provided that the Broker has elected that option in writing per the Broker LEelection form.

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l. Control of Documents. Except where Borrower has been asked to submit any loan documents directly to Broker, noBorrower shall have had in its direct or indirect possession or control any completed credit, income, employment, ordeposit verification document submitted to Lender with respect to any loan.

m. Ownership; Conflict of Interest. Unless disclosed to Lender in writing, Broker shall have no direct or indirect ownershipinterest or financial interest in any property serving as security for a Mortgage Loan, in any appraisal firm, title company,escrow company or notary providing settlement services on a Mortgage loan, nor shall broker have any financial interest,whether evidenced by ownership or debt, in any property serving as security for a Mortgage Loan at any time prior tofunding of the Mortgage Loan by Lender.

n. No High-Cost Mortgages. Broker agrees that no Loan submitted to Lender will meet the definition set forth in Section1026.32(a) of Regulation Z or is otherwise subject to any High-Cost or Predatory Lending Provision of Reg. Z aspromulgated by the CFPB and the Federal Reserve Board or any applicable state law.

o. Borrower’s Repayment Ability. Broker will consistently consider the financial ability and creditworthiness of the borrowerto repay the loan in order to avoid default and foreclosure. Broker will determine the creditworthiness and ability to repaythrough the use of objective, empirically derived, statistically significant credit bureau scoring, calculation of theborrower’s existing and proposed debt-to-income ratio, and any other proprietary factors, and will not rely solely on theequity in the home as the means of determining the borrower’s ability to repay. Broker will only submit applications forloans that will be a benefit to the borrower and for which the borrower has exhibited a clear ability to repay.

p. No Additional Fees. Broker represents and warrants that Broker shall be responsible for all costs and expenses of Brokerand Broker’s services providers, including but not limited to third-party credit providers, and Lender shall have noresponsibility or liability thereto. Further, Broker will not advance funds to or induce, solicit, or knowingly receive anyadvance of funds from a borrower or any other party, directly or indirectly, for the payment of any amount required to bepaid with respect to the Mortgage Loans.

5. BROKER COMPENSATION; FEES.Broker and Loan Originator Compensation is regulated Federally by the Truth in Lending Act (TILA) as amended, supplemented, and controlled by the Dodd-Frank Act and any other associated regulations. The required documentation and disclosure of any and all Broker origination fees or charges is regulated by the Real Estate Settlement Procedures Act (RESPA). Broker shall strictly comply with all rules of the TILA-RESPA Integrated Disclosure (TRID) Rule and all laws, rules, and regulations promulgated thereunder. Broker agrees that at all times, and with every mortgage application, to fully comply these statutes, as well as with any state-specific regulations that would apply to a given mortgage loan. This compliance includes, but is not limited to, the following particulars:

a. For every mortgage Loan transaction submitted to BluePoint, Broker must choose the source of Broker’s compensation: Lender Paid Compensation (LPC) or Borrower Paid Compensation (BPC). Broker will inform BluePoint of the Broker’s choice at the time of submission. Broker understands and agrees that Broker Compensation may only be paid by one source, either the Lender or the Borrower, and that compensation received from both Borrower and any person or entity other than borrower (including BluePoint) for the same transaction is strictly prohibited.

b. No consideration of any kind or from any source shall be due or payable on any Mortgage Loan transaction unless and until 48 hours after confirmation that the Mortgage Loan has been funded and closed by Lender. No Broker compensation will be due and payable from Lender to Broker if proposed Mortgage Loan is not accepted by Borrower and funded by Lender.

c. In order to receive Lender Paid Compensation, Broker must complete a Compensation Election Form, defining a valid Compensation Plan. The Compensation Plan will define exactly the amount (generally a percentage with an optional flat

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fee, minimum, or maximum) the Broker will be paid on each loan funded by BluePoint under the LPC selection.The Compensation Plan selected will remain in force unless and/or until Broker elects a different Compensation Plan by submitting a new Compensation Election Form. Restrictions apply to the terms of the Compensation Plan and as to how often Broker can make changes to the Compensation Plan.

i. The Compensation Election Form and any restrictions can be found at www.bluepointmtg.comLender reserves the right to amend the Compensation Plan Elections and any Restrictions associated withCompensation Plans at anytime, without notice.

d. All Borrower Paid Compensation due to the Broker in connection with the Mortgage Loan will be paid either from theBorrower’s own funds (or from another source on behalf of Borrower) or may be deducted from the proceeds of theMortgage Loan in accordance with the Mortgage Loan closing instructions. Borrower Paid Compensation is negotiated bythe Broker directly with the Borrower and may vary based on the terms agreed to by the borrower on each Mortgage Loantransaction. BluePoint will not be responsible nor a party to any Broker negotiations with the Borrower in a BPCtransaction. Broker agrees to charge only such fees for its services and such expenses as are permitted by applicable law andregulation and that in choosing to be paid by the Borrower, agrees that the Broker may not receive any compensationdirectly or indirectly from any other person or entity, regardless of whether such other compensation is paid throughclosing or outside of escrow.

6. DEFAULT; REMEDIES.a. Indemnification. Broker shall indemnify and hold Lender harmless from and against any and all loss, claim, damage,

liability, and cost sustained or incurred by Lender, including all costs and reasonable attorney’s fees and costs, arising outof or based upon the inaccuracy or breach of any warranty or representation made by Broker in this Agreement, thebreach by Broker of any obligation or covenant to be performed by Broker under this Agreement, or any claim by aMortgage Loan applicant arising out of a failure or refusal to fund a Mortgage Loan. In the event of any claim againstLender or Broker by a Mortgage Loan applicant, Lender shall have the exclusive right to determine the conduct anddefense of such legal proceeding or investigation with such Mortgage Loan applicant including, without limitation, theright to compromise, settle, defend or continue any such action. Lender shall have the right but shall be under noobligation, to assume the legal defense of Broker, and Broker shall pay Lender its reasonable share of legal costs andexpenses.

b. General Repurchase Obligation. Broker agrees to repurchase from Lender any Mortgage Loan made pursuant to thisAgreement, upon the terms and conditions set forth herein, in the event the Broker has breached any of the terms of thisAgreement. Broker shall effectuate the purchase of any Mortgage Loan required to be repurchased pursuant to thisAgreement within ten (10) days after Broker’s receipt of written demand for repurchase from Lender. The repurchaseprice for any Mortgage Loan that Broker is required to purchase hereunder shall be an amount equal to the sum of (a) thethen unpaid principle balance of the Mortgage Loan; (b) accrued interest through the date of purchase; (c) allunreimbursed advances and extraordinary costs and expenses incurred by Lender with regard to such Mortgage Loanduring the life of the Mortgage Loan; (d) all other costs and expenses incurred by Lender including penalties incurred byLender from any investor, or servicer and reasonable attorneys fees incurred in connection with the purchase; and (e) anyfees paid by Lender, including but not limited to all fees and costs paid to Broker and/or other parties for goods andservices rendered in connection with the origination and closing of such Mortgage Loan. Upon purchase of a MortgageLoan by Broker, Lender shall endorse the note and shall assign the Mortgage in recordable form to Broker, withoutrepresentations and warranties, whether express or implied and without recourse to Lender.

c. Early Pay-Off (EPO) Premium Recapture. If Borrower(s) prepays a Mortgage Loan in full within six (6) months of the firstpayment due date for any reason, Broker shall pay to Lender an indemnification amount equal to all compensation paid toBroker on the loan transaction from any source. Throughout the term of this Agreement, Lender will monitor thefrequency of any such EPO activity on loans submitted by Broker and should Lender determine, in its sole and exclusivediscretion, as a result of such monitoring, that the frequency of EPO Activity on loans submitted by Broker be deemed

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excessive, such a finding shall be deemed a valid basis for a declaration of default of this Agreement on the part of the Broker and justification for immediate termination of this Agreement.

d. Early Payment Default (EPD). In the event the Borrower(s) of a Mortgage Loan originated by Broker shall be deemed anEarly Payment Default, Broker agrees to pay to Lender an amount equal to all compensation paid to Broker on the loantransaction from any source. A loan is deemed to be an Early Payment Default if any of the first six (6) payments due underthe mortgage note become more than 60 days contractually past due.

e. Non-Waiver of Remedies; Right to Offset. Lender is not required to demand repurchase or indemnification within anyparticular period of time. Any delay or passage of time before making such demand shall not constitute a waiver byLender and nothing contained in this provision shall limit Lender’s right to any remedy, legal or equitable; all such legal andequitable remedies, including those provided for herein, being in addition to and not in lieu of any other remedy. Lendermay, in its sole discretion, and without prior notice or demand to Broker, take an offset against any monies due for anyreason from Lender to Broker for any reimbursement amount due from Broker to Lender as a result of any EPD, EPO, orindemnification and any such offset taken by Lender shall not, under any circumstances, constitute or be deemed to be anaccord and satisfaction of any such outstanding amount or matter unless and until Lender confirms such accord andsatisfaction in writing.

7. ATTORNEY-IN-FACT. Broker irrevocably appoints Lender as its attorney-in-fact with full power of substitution for and on behalfof Broker for the limited purpose of endorsing any checks, instruments or other papers representing payments on MortgageLoans funded by Lender. Broker further consents to Lender completing, executing, delivering and recording any assignment orother documents, to endorse any Mortgage Loan note in the name of Broker, and do every act or thing necessary or desirable toeffect transfer of a Lender-funded Mortgage Loan Note or Mortgage or any related collateral to protect the interest of Lender,and/or its agents or assigns, in the collateral for the Mortgage Loan(s).

8. NONEXCLUSIVE AGREEMENTS. Nothing contained herein shall obligate Broker to submit all loan applications to Lender, norshall Lender be obligated to approve and/or fund any Mortgage Loan submitted to it by Broker, it being expressly understood byand between Lender and Broker that this is a nonexclusive Agreement. Additionally, nothing contained herein shall constitute apartnership or joint venture between or among Lender and Broker. The Parties hereby expressly agree and acknowledge that,with regard to the subject matter of this Agreement, they are, and at all times governed by this Agreement shall be, operatingas independent entities pursuant to a contract. Broker shall at no time and under no circumstance represent or hold himself outto any third party, either expressly or impliedly, as an agent or employee of Lender. Broker shall at no time make use of anytrade or service mark or logo of Lender without the express and specific written consent of Lender. Broker has no authority,either expressly or impliedly, under this Agreement or otherwise, to enter into any contract or agreement with any third partyby or on behalf of Lender.

9. ELECTRONIC SERVICES.Lender may from time to time directly or indirectly make available to or provide or arrange access to Broker, Broker’s employees,agents and/or customers’ various electronic systems, services, and content (collectively, “Electronic Services”), including, withoutlimitation: a) any software, system, electronic tool including, without limitation, interactive tools, internet capability, site orservice, hardware, device, or communications facility (collectively, “Electronic Tools”); and/or b) any information , data, forms,documents, reports, calculations or other content whether provided through Electronic Tools or otherwise (collectively,“Content”). All or any part of the Electronic Services may be developed, licensed and/or provided by third-party licensors,vendors, subcontractors or other third-party sources (collectively, “Sources”).

a. Lender and/or any Sources, at any time, with or without notice, may monitor, modify any aspect of, limit or terminateBroker’s, customer’s, or Broker’s personnel, agents, and associated persons’ use or access to any of the Electronic Services.

b. Lender and/or Sources may provide Broker, and/or its personnel, agents or customers (each of the foregoing an“Authorized User”) with one or more digital certificate(s), identifiers, user name(s) and/or password(s), which may berequired to access or use any, some or all Electronic Services (collectively, “User Codes(s)”). Broker agrees that: a) Broker willnot, nor will Broker permit any other person to, remove, modify, exchange, disable, penetrate or otherwise defeat any

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such security procedures; b) Broker will restrict access to the User Codes and the Electronic Services to those persons who are duly authorized to have such access on Broker’s behalf or on behalf of the applicable customer, as applicable; c) Broker is responsible for ensuring that all information contained in any request for a User Code is complete and correct; d) Broker will not use and Broker will ensure that none of Broker’s employees or agents use any User Code issued to a Borrower e) Broker is responsible for all acts or omissions that occur under any User Code issued to an Authorized User; and, f) Broker will notify Lender or the applicable Source immediately in writing in the event that Broker learns that the authority or employment of any Authorized User (whether at Broker’s firm or a customer) has been or is about to be terminated (in which case Broker agrees to promptly return to Lender any security device previously issued to such Authorized User or Customer); the confidentiality of any User Code issued to any Authorized User or a customer has been compromised in any way; or Broker learns about a possible or actual unauthorized access to and/or use of the Electronic Services.

c. Broker will be responsible for all instructions and transmissions that are identified by any of the Electronic Services ascoming from an Authorized User, and all consequences thereof, whether entered by authorized or unauthorized personnelor by any other person. Furthermore, Broker agrees that any agreement, consent or assent communicated from such accessto the Electronic Services under a User Code issued to one of the Authorized Users at Broker’s firm will be deemed to be aduly signed writing of Broker sufficient to bind Broker thereto.

d. Lender obtains Content from internal and external Sources Lender believes to be reliable. The accuracy, completeness,timeliness or correct sequencing of the Content cannot be guaranteed by either Lender or any Source. Neither Lender norany Source will be liable for the accuracy of, or availability of, such Content or will have any duty to verify, correct, completeor update any Content.

e. LENDER AND ITS CONTROL PERSONS, SUCCESSORS AND ASSIGNS, OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS(COLLECTIVELY, “LENDER’S PERSONS”) AND THE SOURCES HERBY EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES,GUARANTIES, CONDITIONS, COVENANTS AND RESPRESENTATIONS RELATING TO ANY ELECTRONIC SERVICES, INCLUDING,BUT NOT LIMITED TO, ANY RELATING TO MERCHANTABILITY, QUALITY, ACCURACY, FITNESS FOR A PARTICULAR PURPOSE,TITLE, NON-INFRINGEMENT, TIMELINESS, ABSENSE OF VIRUSES OR DAMAGING OR DISABLING CODE, AND ANY WARRANTIESOR RESPRESENTATION (I) THAT ANY ELECTRONIC SERVICES OR ACCESS TO ANY PORTION OR IT WILL BE UNINTERRUPTED ORERROR-FREE, OR (II) THAT DEFECTS IN SUCH ELECTROINIC SERVICES WILL BE CORRECTABLE OR CORRECTED.NOTWITHSTANDING ANY PROVISION HEREIN TO THE CONTRARY, LENDER, NOR ANY LENDER’S PERSON OR SOURCE WILL BELIABLE FOR ANY LOSS, COST, CLAIM OR DAMAGE (INCLUDING, BUT NOT LIMITED TO, DIRECT, INDIRECT OR CONSEQUENTIALDAMAGES OR LOST PROFITS) ARISING OUT OF OR OTHERWISE RELATING TO ANY ELECTRONIC SERVICES OR THE USE ORACCESS TO OR UNAVAILABILITY OR ANY OF THE SAME.

f. Electronic Services will also be subject to the terms of the Lender Access Agreement and/or such other agreements thatgovern the use of Lender electronic information systems and/or a separate user agreement that governs its use and therights and responsibilities of Lender, Broker, Broker’s employees and Broker’s customers with respect to particular ElectronicServices. In the event of a conflict between this Agreement and the Lender Access Agreement and/or such other agreementsthat govern the use of Electronic Services, this Agreement will control to the extent of the conflict.

g. Broker will not distribute any Content to any person, except in the course of carrying out this Agreement.

10. GENERAL PROVISIONS.a. Effective Date. This Agreement shall be deemed effective as of the date of execution, as indicated by Broker’s signature

below. This Agreement shall remain in effect until it is superseded by an updated agreement or terminated by either partyas permitted below.

b. Termination. This Agreement may be terminated at any time by mutual agreement of the parties or upon written notice byone party to the other. In the event that notice of termination has been communicated to Broker, Lender shall not beobligated to fund any pending Mortgage Loans originated by Broker.

c. Survival of Warranties. This Agreement and the warranties, representations and covenants contained herein and Broker’sliability to Lender of any nature or kind, with respect to Mortgage Loans funded by Lender shall survive the termination orcancellation of this Agreement, the sale or assignment of any Mortgage Loan and the foreclosure of any Mortgage Loan.

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Lender may rely upon Broker’s warranties, representations and covenants, irrespective of any knowledge Lender may have, and Broker shall not be relieved of any liability to Lender unless Lender waives, in writing, a breach of any warranty or representation. Further, Broker shall not be relieved of any liability to Lender as a result of, nor may Broker assert a claim or defense based on, Lender approval of any application or acceptance of any Mortgage Loan documentation.

d. Notices. Except as to routine business matters, any and all communications between the party hereto or notices providedherein to be given shall be delivered in person or sent by certified or registered mail, return receipt requested, to the Brokerat the address set forth above and to Lender at 3070 Bristol Street # 400, Costa Mesa, CA 92626 ATTN: Broker SupportDepartment.

e. Assignment. Broker may not assign this Agreement or its duties hereunder. In the event that Lender assigns any of its rightin the applications and/or Mortgage Loan(s) made pursuant to this Agreement, such assignee shall have the same rights asLender with respect to this Agreement.

f. Confidentiality. Broker agrees to comply with the privacy and safeguarding requirements of the Dodd Frank Act, Gramm-Leach-Bliley Act, and the appropriate regulations and guidelines thereunder, and the requirements of any state privacy andsafeguarding requirements, with regard to the information of Lender and its affiliates that is subject to such act,regulations, guidelines and/or requirements. In connection therewith, Broker shall take appropriate actions to addressincidents of unauthorized access to such information, and shall notify Lender as soon as possible of any incident ofunauthorized access to such information. Broker further agrees not to sell, transfer or otherwise give to any person or firm,or otherwise use, directly or indirectly, any compilation or list of Lender borrowers. A breach of Broker’s confidentialityobligations may cause Lender to suffer irreparable harm in an amount not easily ascertained. The parties agree that suchbreach, whether threatened or actual, will give Lender the right to obtain equitable relief and pursue all other remediessaid party may have at law or in equity

g. Consent to share Information with Third Party Service Providers. Broker hereby consents to the sharing of certaincorporate information regarding Broker received by Lender by executing the consent set forth in Exhibit A.

h. Entire Agreement. This Agreement and all attachments hereto constitute the entire Agreement between the parties andsupersede all prior and contemporaneous agreements, representations and understandings. No supplement, modification oramendment shall be binding unless executed in writing by both parties.

i. Applicable Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of theState of California without giving effect to the principles of conflict of laws. The Parties, each submits for itself and itsproperty in any legal action or proceeding relating to this Agreement, or any amendments thereto, or for recognition andenforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of California,in the County of Orange, federal courts of the United States of America and appellate courts from any thereof.

j. Severability. If any provision or part of this Agreement is deemed invalid or unenforceable under applicable laws, theremainder of this Agreement shall not be affected thereby, and shall be fully enforceable to the extent of the valid portionsthereof.

k. Signatures. For the purpose of this Agreement and any exhibit hereto, facsimile and electronic signatures are sufficient tobind the Parties and will be deemed to be original signatures for all purposes. Electronic signatures will only be sufficient solong as the Broker completes all required fields on the Mortgage Broker Application and provides such information andelectronic signature with the intent to enter into this Agreement.

l. Facsimiles and Emails. Broker hereby consents to receive certain communications from Lender via facsimiles or e-mails.Please note that certain applicable laws do not require this from the Broker. Lender considers all inquiries for a Brokerapplication as an established business relationship and may provide communication to the Broker pursuant to thatrelationship, unless otherwise notified by the Broker that he/she does not wish to receive such communications. If a Broker

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wishes to Opt-out of receiving any materials via facsimile or e-mail then it must follow the appropriate opt-out procedures as noted on such materials.

m. Counterparts; Other. Neither this Agreement nor any term hereof may be changed, waived, discharged or terminatedexcept in writing signed by the party against which enforcement of such change, waiver, discharge or termination issought. This Agreement may be signed in any number of counterparts, each of which shall be deemed an original, whichtaken together shall constitute one and the same instrument.

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IN WITNESS WHEREOF, the parties have executed this Agreement by their duly authorized officers as of the date first above written.

BluePoint Mortgage BROKER of Record Principal Officer/Owner

By By By

Name Name Name

Title Title Title

Date Date Date

Initials____ /_____ Page 1 of 3

Broker Compensation Addendum

Company/Broker Name: ___________________________________________ (“Broker”)

This Compensation Addendum to the Mortgage Broker Agreement (“Addendum”) is entered into as of the date executed (as indicated below), by and between Broker and BluePoint Mortgage (“BluePoint” and/or “Lender”), and hereinafter referred to collectively as party or parties. Broker will only be compensated in accordance with the requirements under the Truth in Lending Act (“TILA”) and its implementing Regulation Z Section 1026.36, as well as any other applicable Federal, State, or local laws and regulations, whether by Lender or another party. This Addendum, along with the attached Agreement and Compensation Election Form constitute the entire Agreement between the parties with respect to the Broker’s Compensation as of the Effective Date stated below.

A. Source of Compensation. For every Mortgage Loan Transaction submitted to Lender, the Broker must choosethe source of Broker’s compensation from the following options:

1. Lender Paid Compensation (“LPC”) or2. Borrower Paid Compensation (“BPC”)

Broker will inform Lender of the Broker’s choice for the source of compensation by indicating the compensation source on the initial Submission Form at the time the loan is submitted to Lender. Regardless of which compensation option the Broker chooses, the Broker agrees that such compensation will not exceed any applicable Federal, State, Agency, and/or Local High-Cost or Fee limitations.

B. Lender Paid Compensation. Lender Paid Compensation is Broker Compensation paid by the Lender to the Broker. When the Lender pays the Broker’s Compensation, the Broker will be paid according to the Compensation Plan defined by the Broker on the Compensation Election Form that is in effect at the time the loan is SUBMITTED to BluePoint, notwithstanding any subsequent changes to the Broker’s Compensation Plan

after rate lock and prior to loan closing.

For a LPC Transaction, the Broker compensation cannot vary per loan transaction. BluePoint will not pay the

Broker any more or any less than the amount agreed upon in the Compensation Plan. Under a Lender Paid Compensation Plan, Broker agrees that Broker cannot reduce Broker’s own compensation or offer credits towards third-party closing costs that will result in a reduction of the Broker’s compensation. By choosing the Lender Paid Compensation Plan, Broker may not receive any compensation from the consumer or from any other

party, person, or entity, regardless of whether such compensation is paid at closing or outside of escrow. Broker

certifies that when compensation is paid by Lender with respect to each Mortgage Loan transaction, such amount is and will be Broker’s sole source of compensation.

C. Borrower Paid Compensation. Borrower Paid Compensation is Broker compensation paid by the Borrower to the Broker directly from the Borrower’s own funds or loan proceeds, or from any other source on behalf of the Borrower. BPC is negotiated by the Broker directly with the Borrower and may vary on each individual Mortgage Loan transaction. Under a BPC Transaction, the Broker can lower its compensation as required by the transaction. Lender will not be responsible for nor a party to any Broker negotiations with the Borrower in a Borrower Paid transaction. By choosing to be paid by the Borrower, the Broker may not receive any compensation directly or indirectly from any other person or entity, regardless of whether such other compensation is paid through closing or outside of escrow.


D. DUAL COMPENSATION PROHIBITED. BROKER UNDERSTANDS AND AGREES THAT BROKER COMPENSATION MAY ONLY BE RECEIVED FROM A SINGLE SOURCE: IF THEY ELECT TO RECEIVE COMPENSATION FROM THE BORROWER, THEY MAY NOT RECEIVE ANY COMPENSATION FROM ANY OTHER PERSON OR ENTITY ON THAT SAME TRANSACTION, INCLUDING THE LENDER OR ANY OTHER PARTY; SIMILARLY, IF THEY ELECT TO BE COMPENSATED BY THE LENDER, THE LENDER MUST BE THE SOLE SOURCE OF COMPENSATION FOR THAT TRANSACTION.

E. Changes to Lender Paid Compensation Plan. When Broker opts to receive compensation from BluePoint (LPC), Broker will be given the opportunity to choose the compensation plan that best suits their business at the time they complete their Compensation Election Form. Broker will be allowed to change this Compensation Election once each month, or at the Lender’s discretion. Changes made during the month will become effective on the first business day of the month immediately following the change date unless otherwise permitted by Lender. Any changes made will not affect loans already in process (“submitted” prior to the Effective Date of the updated Election Form), changes will only affect applications submitted on or after the first day of the month in which the new compensation selection becomes effective. A new Compensation Election Form will be required each time the compensation selection is changed and that Form will remain in effect until such time that Lender receives and confirms receipt of an updated Election Form.

F. Anti-Steering Disclosure. In accordance with Regulation Z, Section 1026.36(d) and (e), and any subsequent amendments thereto, which implements TILA, Loan Originators and Mortgage Brokers are prohibited from steering Borrowers to accept a Mortgage Loan based solely on the fact that the Loan Originator will receive greater compensation for arranging a Mortgage Loan unless the transaction is in the Borrower’s interest. For each Mortgage Loan submitted by the Broker to BluePoint, regardless of whether the compensation source is Borrower Paid or Lender Paid, the Broker must provide to the Borrower a Loan Options Disclosure which describes the options (“Loan Options”) that must be presented to the Borrower for each type of Mortgage Loan in which the Borrower expresses an interest.

At a minimum, the Loan Options Disclosure must contain a notice and acknowledgment by a representative of the Broker that the following have been offered to the Borrower for each type of Mortgage Loan in which the Borrower has expressed an interest:

1. The loan with the lowest interest rate;2. The loan with the lowest interest rate without certain specified features, such as negative

amortization, a prepayment penalty, interest-only payments, a balloon payment within thefirst 7 years of the loan, a demand feature, shared equity or shared appreciation; and

3. The loan with the lowest total dollar amount for origination points or fees and discountpoints.

The Broker must obtain Loan Options from three or more Mortgage Lenders with which the Broker regularly and currently does business. In the event that the Broker does not do business with three or more Mortgage Lenders, the Loan Options must be obtained from those Mortgage Lenders with which the Broker does business. With regard to the Loan Options presented to the Borrower in the Disclosure, the Broker represents that he or she has a good faith belief that the Borrower likely qualifies for each one. The Broker can present more than three Loan Options to the Borrower provided the Broker highlights the three Loan Options which satisfy the criteria above.

For ARM Loans, the lowest interest rate is determined by the fully-indexed rate at closing without regard to discounts or premiums.

The Loan Options Disclosure must be acknowledged by a representative of the Broker and included in the loan file at submission.


G. Payment of Loan Officers. Broker shall be solely responsible for the payment of compensation to its loan officers. Broker agrees that all compensation paid by Broker to Broker’s loan officers must be in compliance with all of the requirements of TILA and Regulation Z’s LO Compensation Rule, as well as all applicable Federal, State, and Local Laws and Regulations.

H. Conflicts. This Addendum supersedes all prior broker compensation addendums between the parties and, along with the Compensation Election Form and Mortgage Broker Agreement, constitutes the entire agreement between the parties with respect to the Broker’s compensation as of the Effective Date stated below and may not be contradicted by evidence or prior or contemporaneous oral agreements between the parties. There are no oral agreements between the parties with respect to the subject matter of this Addendum. In the event of a conflict among any of the terms contained in this Addendum and the BluePoint Mortgage Broker Agreement, this Addendum shall control. All other terms in the Agreement not in conflict with this Addendum shall remain in full force and effect.

In Witness Whereof, the parties hereto have executed this Addendum as of the first date written below.

Print Name of Broker of Record Print Name of Principal / Owner

Broker of Record (Signature) Date Principal / Owner (Signature) Date


Zero Tolerance Fraud Policy

BluePoint Mortgage maintains a zero-tolerance stance against any form of fraud perpetrated in the origination, processing, and closing of mortgage loans. All Mortgage Brokers and Principals should be advised that the licensed Broker bears full responsibility for all actions, performed in the course of business, by their employees, agents, or licensees. The undersigned Mortgage Brokers and Principals understand and agree that they will be held fully responsible for the content, quality, and accuracy of each loan application and all supporting documentation submitted to BluePoint by their employees, agents, and licensees.

THE SUBMISSION OF A LOAN APPLICATION CONTAINING FALSE INFORMATION IS A CRIME.

Common Types of Loan Fraud

1. Submission of inaccurate information including, but not limited to: false statements on loan applicationsand falsification of documents purporting to substantiate credit, employment, deposit and assetinformation; misrepresentation of personal information including identity, ownership and/or non-ownership of real property, etc.

2. Forgery of partially or predominantly accurate information.

3. Incorrect statements regarding current occupancy or intent to maintain minimum continuing occupancy asstated in the security instrument or occupancy affidavit.

4. Lack of due diligence by the mortgage broker/principal/loan officer/interviewer/processor, including failureto obtain all information required by the application and failure to request information as dictated byBorrower’s response to other questions.

5. Unquestioned acceptance of information or documentation which is known, should have been known, orshould be suspected to be inaccurate.

6. Simultaneous or consecutive processing of multiple owner-occupied loans from one applicant supplyingdifferent information on each application.

7. Allowing an applicant or interested third-party to assist with the processing of the loan.

8. Mortgage Broker, Principal, or Loan Officer’s non-disclosure of relevant information.

Consequences

The effect of Loan Fraud is costly to all parties involved. BluePoint stands behind the quality of our loan production and our solid reputation with investors and the regulatory community. Fraudulent loans cannot be sold into the secondary market and, if sold, are subject to repurchase. The price paid by those who choose to participate in Loan Fraud is even more costly. The following is a non-exhaustive list of potential consequences that may be incurred:

Consequences to the Mortgage Broker, Principal and their Agent(s):

1. Criminal prosecution under federal and/or state law, which may include incarceration, monetarypenalties and/or disgorgement of income. As partial reference, see the attached Mortgage FraudWarning Notice.

2. Loss of Mortgage Broker/Mortgage Banker/Real Estate/Professional license(s).

Zero Tolerance Fraud Policy - Continued

Page 2 of 2

3. Loss of lender/investor access due to exchange of information between lenders, mortgage insurance companies including submission of information to investor (GSE’s – FHLMC/FNMA), local/state/federal law enforcement agencies and fraud tracking databases including the Department of Housing and Urban Development.

4. Civil action by BluePoint.5. Civil action by applicant/borrower or other parties to the transaction.

6. Loss of approval status with BluePoint and requirement to repurchase a loan or indemnify BluePoint for loss.

Consequences to the Borrower:

1. Acceleration of debt. Section 5 of the Deed of Trust states in part: “Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower’s occupancy of the Property as a principal residence.”

2. Criminal prosecution. For example, the “Occupancy and Financial Status Affidavit”, “Important Notice to Homebuyers” and the “Program Integrity Bulletin (AVOID LOAN FRAUD)” clearly provide notice of the penalties for committing fraud, intentional misrepresentation, or conspiracy to influence the issuance of mortgage insurance by HUD including providing false information on the loan application regarding income, assets, liabilities or intent to occupy the property, or conspiring with others, can subject the borrower and all parties involved to a possible prison term and/or find up to $10,000 under Title 18,U.S.C., §1001, et seq.

3. Civil action by BluePoint or its successors and assigns, which could include liability for monetary damages.

4. Civil action by other parties to the transaction, such as seller, real estate agent/broker and mortgage broker who may suffer any loss due to reliance upon any misrepresentation(s) made on or in connection with the Loan Application.

5. Adverse effect on credit history.

By signing below, you acknowledge receipt and understanding of BluePoint's Zero Tolerance Fraud Policy and the ramifications of non-compliance. In addition, by your execution, you expressly agree that this agreement shall be governed by the laws of the State of California and venue in any action arising hereunder shall at all times be necessary and proper in Orange County, California.



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Hiring Policy Acknowledgment

BluePoint Mortgage requires that all broker partners maintain strict hiring policies for its internal staff, including its sales and management employees to maintain the highest level of integrity of the loan packaging process. To maintain this high standard BluePoint encourages brokers to complete background checks of each prospective candidate. Of particular importance, BluePoint requires that all brokers check prospective employees through the following systems as part of their hiring process to ensure that they are not listed:

• U.S. General Services Administration (GSA) Excluded Parties List

• HUD Limited Denial of Participation List (LDP)

• Federal Housing Finance Agency (FHFA) Suspended Counterparty Program (SCP)

By signing below, you acknowledge receipt and understanding and adherence to BluePoint's Hiring Policy. In addition, by your execution, you expressly agree that this agreement shall be governed by the laws of the State of California and venue in any action arising hereunder, shall at all times be necessary and proper in Orange County, California.



No maximum $10,000 maximum $12,000 maximum $15,000 maximum

By:___________________________________________________ ____________________________________ Authorized Signature Date

Print Name:__________________________________ Title_________________________________

Election Period: You will be allowed to change your Compensation Plan once each month or at the Lender’s discretion, according to the Broker Compensation Addendum to your Broker Agreement. Any changes made will not affect loans in process.

All new Compensation Plans will become effective the First Business Day of the Month following the date the Election Form is Submitted to [email protected] unless otherwise expressly permitted by Management.

Lender-Paid Compensation Election Form

Mortgage Broker: NMLS ID #

This updated compensation plan is designed to be flexible and allow Brokers to choose a Compensation Plan that best suits your business model, while optimizing compliance with the new regulatory guidance surrounding the LO Compensation, Ability to Repay, and the Qualified Mortgage amendments to Reg Z. (the Truth-in-Lending Act).

Brokers are advised to select a plan that best fits their business, taking into consideration all of your fixed and variable costs, your average loan amount, and the fee limitations applicable to Qualified Mortgages. The Plan selected will be applied to all branches of your mortgage company and is binding for all Lender-Paid transactions closed by BluePoint Mortgage (BluePoint) and/or its Affiliates.The Broker is responsible for ensuring compliance with the QM Points & Fee requirements and all Anti-Steering Requirements under Reg. Z.

When selecting both a percentage and a flat fee, your compensation will be the sum of the two selections on all transactions, without variation, and that total sum, plus all other points & fees that must be included under the new rules of Reg Z regarding the Qualified Mortgage (including, as applicable, Lender Fees, Third Party Processing Fees, discount points, etc.), must be less than the 3.00% of Total Loan Amount fee cap at the time the loan is submitted.

To define your Lender Paid Compensation for the period covered by this Election Form, please select your compensation percentage and flat fee (if desired) from the following options. PLEASE NOTE: A FLAT FEE IS NOT AVAILABLE FOR COMPENSATION PERCENTAGES > 2.5%:

No Flat No Flat No Flat No Flat No Flat

$ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00

$ 750.00 $ 750.00 $ 750.00 $ 750.00 $ 750.00

No Flat No Flat No Flat No Flat No Flat

$ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00

$ 750.00 $ 750.00 $ 750.00 $ 750.00 $ 750.00

No Flat No Flat No Flat

$ 500.00 $ 500.00 $ 500.00

$ 750.00 $ 750.00 $ 750.00

1.500%

1.625% 1.750% 2.000%

2.250% 2.500% 2.750%

1.375% 1.000% 1.125% 1.250%

1.875% 2.125%

2.375% 2.625%

You may establish a minimum compensation paid to you (Between $1 - $2750):

You may also establish a maximum limit on the compensation paid to you, as shown below:

mailto:[email protected]

FHA ADDENDUM TO BLUEPOINT MORTGAGE BROKER AGREEMENT

, between BluePoint Mortgage ("BLUEPOINT"),

WHEREAS, Broker wishes to become a Third Party Originator in conjunction with Federal Housing Administration (“FHA”). Insured mortgage loan application packages (“FHA Package”) for residential mortgage loans, and the parties wish to define the conditions pursuant to which BLUEPOINT is willing to makeavailable funds necessary to finance FHA insured loans (“FHA Loans”) submitted to and accepted byBLUEPOINT.

NOW, THEREFORE,in consideration of the promises, and agreements hereinafter contained, theparties agree as follows:

1. Broker Agreement:

This Addendum is not intended to replace the Broker Agreement, but rather provide additional clarification regarding the origination and submission of FHA loans, or in the case of a correspondent relationship, the selling of closed FHA loans.

2. Funding:

Broker shall process and submit to BLUEPOINT; FHA Packages to be underwritten by BLUEPOINT, all in accordancewith the provisions specified in the Broker Agreement. Each FHA Package must meet BLUEPOINT then-currentunderwriting criteria and all applicable FHA requirements.

3. Representations and Warranties:

In addition to the representations and warranties set forth in the Broker Agreement, Broker further represents and warrants to BLUEPOINT at the time any FHA Package is submitted to BLUEPOINT and at the time any FHA Loan is funded and closed that:

A. Broker has (i) been approved as either a (i) Sponsored Third Party Originator of FHA loans throughBLUEPOINT, or (ii) an FHA Supervised or Non-Supervised Lender and is neither suspended norterminated by the FHA.

B. All of Broker’s employees who were involved in the origination and processing of a FHA Loan wereproperly trained in, and knowledgeable of all applicable FHA guidelines

4. Audits:

In addition to any auditing rights BLUEPOINT may have in the Broker Agreement, BLUEPOINT shall have the rightto audit and review Broker’s operations, quality control, procedures, policies, manuals, and employee compensation. Any such audit may include a review of Broker’s facilities as well as the experience and qualifications of Broker’s staff. Any such audit may be conducted at the location where Broker’s activities are performed during Broker’s normal business hours, and Broker agrees to cooperate in such any such audit and review.

THIS FHA ADDENDUM TO BROKER AGREEMENT (“Addendum”) is entered into this day of

and(hereinafter referred to as “Broker”).

5. Broker is an Independent Contractor:

Broker acknowledges that nothing in this Addendum shall be construed to create a joint venture between Broker and BLUEPOINT. In addition, nothing in this Addendum shall be construed to make Broker a partner, agent, representative, or employee of BLUEPOINT, and Broker shall not hold itself out as such. Broker may not use BLUEPOINT's name in any advertising medium. Broker agrees that it shall conduct any and all business activities as an independent contractor to BLUEPOINT. As an independent contractor, Broker shall determine the method, details and means of performing of all services described within this Addendum.

6. Entire Agreement:

Any capitalized term not defined herein shall have the meaning assigned to it in the Broker Agreement. This Addendum constitutes the entire agreement between the parties pertaining to the subject matter contained in it and supersedes all prior and contemporary agreements, representations and understandings pertaining thereto. No supplement, modification, or amendment to this Addendum shall be binding unless executed by both parties, except where BLUEPOINT has been specifically granted the right to do so hereunder or under the Broker Agreement. It is the intention of the parties that this Addendum shall be deemed entered into within Orange County, California and construed under and according to the substantive laws of the state of California and shall not be binding until executed by BLUEPOINT. All questions regarding the validity, interpretation or performance of any of its terms, representations and warranties of any rights or obligations of the parties shall be governed by the laws of the State of California.

7. Enforceability of Addendum:

If any provision of this Addendum is held invalid, void, or unenforceable the remaining provisions shall nevertheless continue in full force without being impaired or invalidated in any way. In the event of a conflict between the terms of this Addendum and the Broker Agreement, the terms of this Addendum shall control.

8. Further Acts of Parties:

Each party shall perform any further acts and execute and deliver any documents that may be reasonably necessary to carry out the provisions of this Addendum.

9. Termination:

This Addendum will continue until terminated by either party. Either party may terminate this Addendum without cause upon fifteen (15) days prior written notice to the other. Furthermore, BLUEPOINT may terminate Broker’s approval to submit FHA Packages upon fifteen (15) days prior written notice. Either party may terminate this Addendum immediately without prior notice for cause including, without limitation, breach of any representation, warranty, promise, or agreement made or deemed to be made in this Addendum or the Broker Agreement, or default in performance of any duty, obligation, or responsibility under this Addendum or the Broker Agreement. All representations, warranties, rights to audit, indemnity obligations, and other remedies will survive the termination of this Addendum.

Signature:

BluePoint Mortgage:

Signature:

Printed Name :

Title: Title:

Broker:

Printed Name:

VA AUTHORIZED AGENT

SPONSORSHIP FORM Approved Brokers requesting approval to be a VA authorized agent for BluePoint Mortgage,

or requesting a renewal, please complete this form and submit it to us, along with a check for

$100.00 made payable to the Department of Veterans Affairs.

Broker ID: (if currently approved)

Company Name:

DBA: (if applicable)

Main Office Address:

City, State, Zip:

Broker Tax ID #:

Broker of Record/Contact Name:

Broker/Contact Email Address:

Broker/Contact Telephone #:

Fax Number:

VA ID Number: If previously issued by VA

Please make check payable to the Department of Veterans Affairs. Send check and this

completed form to:

BluePoint Mortgage Attention: Broker Support3070 Bristol Street # 400Costa Mesa, CA 92626

Note: Broker must be licensed in any state in which originations will occur.

BluePoint Mortgage must provide the Broker’s information to the Department of

Veteran’s Affairs for approval and issuance of a VA ID number.

MORTGAGE BROKER EMPLOYEE CONTACT INFORMATION

Thank you for being a Broker Partner with BluePoint. To better serve you, please provide us your current employee contact information

(Loan Officers, processors & managers) or attach your company roster/spreadsheet.

Broker's Name: Date:

Title Last Name First Name NMLS ID (if applicable)

Contact Number Email Address

Form W-9(Rev. December 2014)Department of the Treasury Internal Revenue Service

Request for Taxpayer Identification Number and Certification

Give Form to the requester. Do not send to the IRS.

Pri

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pe

See

Sp

ecifi

c In

stru

ctio

ns o

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age

2.

1 Name (as shown on your income tax return). Name is required on this line; do not leave this line blank.

2 Business name/disregarded entity name, if different from above

3 Check appropriate box for federal tax classification; check only one of the following seven boxes:

Individual/sole proprietor or single-member LLC

C Corporation S Corporation Partnership Trust/estate

Limited liability company. Enter the tax classification (C=C corporation, S=S corporation, P=partnership) ▶

Note. For a single-member LLC that is disregarded, do not check LLC; check the appropriate box in the line above for the tax classification of the single-member owner.

Other (see instructions) ▶

4 Exemptions (codes apply only to certain entities, not individuals; see instructions on page 3):Exempt payee code (if any)

Exemption from FATCA reporting

code (if any)(Applies to accounts maintained outside the U.S.)

5 Address (number, street, and apt. or suite no.)

6 City, state, and ZIP code

Requester’s name and address (optional)

7 List account number(s) here (optional)

Part I Taxpayer Identification Number (TIN)Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid backup withholding. For individuals, this is generally your social security number (SSN). However, for a resident alien, sole proprietor, or disregarded entity, see the Part I instructions on page 3. For other entities, it is your employer identification number (EIN). If you do not have a number, see How to get a TIN on page 3.

Note. If the account is in more than one name, see the instructions for line 1 and the chart on page 4 for guidelines on whose number to enter.

Social security number

– –

orEmployer identification number

–

Part II CertificationUnder penalties of perjury, I certify that:

1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and

2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding; and

3. I am a U.S. citizen or other U.S. person (defined below); and

4. The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct.

Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the instructions on page 3.

Sign Here

Signature of U.S. person ▶ Date ▶

General InstructionsSection references are to the Internal Revenue Code unless otherwise noted.

Future developments. Information about developments affecting Form W-9 (such as legislation enacted after we release it) is at www.irs.gov/fw9.

Purpose of FormAn individual or entity (Form W-9 requester) who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) which may be your social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN), to report on an information return the amount paid to you, or other amount reportable on an information return. Examples of information returns include, but are not limited to, the following:

• Form 1099-INT (interest earned or paid)

• Form 1099-DIV (dividends, including those from stocks or mutual funds)

• Form 1099-MISC (various types of income, prizes, awards, or gross proceeds)

• Form 1099-B (stock or mutual fund sales and certain other transactions by brokers)

• Form 1099-S (proceeds from real estate transactions)

• Form 1099-K (merchant card and third party network transactions)

• Form 1098 (home mortgage interest), 1098-E (student loan interest), 1098-T (tuition)

• Form 1099-C (canceled debt)

• Form 1099-A (acquisition or abandonment of secured property)

Use Form W-9 only if you are a U.S. person (including a resident alien), to provide your correct TIN.

If you do not return Form W-9 to the requester with a TIN, you might be subject to backup withholding. See What is backup withholding? on page 2.

By signing the filled-out form, you:

1. Certify that the TIN you are giving is correct (or you are waiting for a number to be issued),

2. Certify that you are not subject to backup withholding, or

3. Claim exemption from backup withholding if you are a U.S. exempt payee. If applicable, you are also certifying that as a U.S. person, your allocable share of any partnership income from a U.S. trade or business is not subject to the withholding tax on foreign partners' share of effectively connected income, and

4. Certify that FATCA code(s) entered on this form (if any) indicating that you are exempt from the FATCA reporting, is correct. See What is FATCA reporting? on page 2 for further information.

Cat. No. 10231X Form W-9 (Rev. 12-2014)

Form W-9 (Rev. 12-2014) Page 2

Note. If you are a U.S. person and a requester gives you a form other than Form W-9 to request your TIN, you must use the requester’s form if it is substantially similar to this Form W-9.

Definition of a U.S. person. For federal tax purposes, you are considered a U.S. person if you are:

• An individual who is a U.S. citizen or U.S. resident alien;

• A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States;

• An estate (other than a foreign estate); or

• A domestic trust (as defined in Regulations section 301.7701-7).

Special rules for partnerships. Partnerships that conduct a trade or business in the United States are generally required to pay a withholding tax under section 1446 on any foreign partners’ share of effectively connected taxable income from such business. Further, in certain cases where a Form W-9 has not been received, the rules under section 1446 require a partnership to presume that a partner is a foreign person, and pay the section 1446 withholding tax. Therefore, if you are a U.S. person that is a partner in a partnership conducting a trade or business in the United States, provide Form W-9 to the partnership to establish your U.S. status and avoid section 1446 withholding on your share of partnership income.

In the cases below, the following person must give Form W-9 to the partnership for purposes of establishing its U.S. status and avoiding withholding on its allocable share of net income from the partnership conducting a trade or business in the United States:

• In the case of a disregarded entity with a U.S. owner, the U.S. owner of the disregarded entity and not the entity;

• In the case of a grantor trust with a U.S. grantor or other U.S. owner, generally, the U.S. grantor or other U.S. owner of the grantor trust and not the trust; and

• In the case of a U.S. trust (other than a grantor trust), the U.S. trust (other than a grantor trust) and not the beneficiaries of the trust.

Foreign person. If you are a foreign person or the U.S. branch of a foreign bank that has elected to be treated as a U.S. person, do not use Form W-9. Instead, use the appropriate Form W-8 or Form 8233 (see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities).

Nonresident alien who becomes a resident alien. Generally, only a nonresident alien individual may use the terms of a tax treaty to reduce or eliminate U.S. tax on certain types of income. However, most tax treaties contain a provision known as a “saving clause.” Exceptions specified in the saving clause may permit an exemption from tax to continue for certain types of income even after the payee has otherwise become a U.S. resident alien for tax purposes.

If you are a U.S. resident alien who is relying on an exception contained in the saving clause of a tax treaty to claim an exemption from U.S. tax on certain types of income, you must attach a statement to Form W-9 that specifies the following five items:

1. The treaty country. Generally, this must be the same treaty under which you claimed exemption from tax as a nonresident alien.

2. The treaty article addressing the income.

3. The article number (or location) in the tax treaty that contains the saving clause and its exceptions.

4. The type and amount of income that qualifies for the exemption from tax.

5. Sufficient facts to justify the exemption from tax under the terms of the treaty article.

Example. Article 20 of the U.S.-China income tax treaty allows an exemption from tax for scholarship income received by a Chinese student temporarily present in the United States. Under U.S. law, this student will become a resident alien for tax purposes if his or her stay in the United States exceeds 5 calendar years. However, paragraph 2 of the first Protocol to the U.S.-China treaty (dated April 30, 1984) allows the provisions of Article 20 to continue to apply even after the Chinese student becomes a resident alien of the United States. A Chinese student who qualifies for this exception (under paragraph 2 of the first protocol) and is relying on this exception to claim an exemption from tax on his or her scholarship or fellowship income would attach to Form W-9 a statement that includes the information described above to support that exemption.

If you are a nonresident alien or a foreign entity, give the requester the appropriate completed Form W-8 or Form 8233.

Backup WithholdingWhat is backup withholding? Persons making certain payments to you must under certain conditions withhold and pay to the IRS 28% of such payments. This is called “backup withholding.” Payments that may be subject to backup withholding include interest, tax-exempt interest, dividends, broker and barter exchange transactions, rents, royalties, nonemployee pay, payments made in settlement of payment card and third party network transactions, and certain payments from fishing boat operators. Real estate transactions are not subject to backup withholding.

You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN, make the proper certifications, and report all your taxable interest and dividends on your tax return.

Payments you receive will be subject to backup withholding if:

1. You do not furnish your TIN to the requester,

2. You do not certify your TIN when required (see the Part II instructions on page 3 for details),

3. The IRS tells the requester that you furnished an incorrect TIN,

4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only), or

5. You do not certify to the requester that you are not subject to backup withholding under 4 above (for reportable interest and dividend accounts opened after 1983 only).

Certain payees and payments are exempt from backup withholding. See Exempt payee code on page 3 and the separate Instructions for the Requester of Form W-9 for more information.

Also see Special rules for partnerships above.

What is FATCA reporting?The Foreign Account Tax Compliance Act (FATCA) requires a participating foreign financial institution to report all United States account holders that are specified United States persons. Certain payees are exempt from FATCA reporting. See Exemption from FATCA reporting code on page 3 and the Instructions for the Requester of Form W-9 for more information.

Updating Your InformationYou must provide updated information to any person to whom you claimed to be an exempt payee if you are no longer an exempt payee and anticipate receiving reportable payments in the future from this person. For example, you may need to provide updated information if you are a C corporation that elects to be an S corporation, or if you no longer are tax exempt. In addition, you must furnish a new Form W-9 if the name or TIN changes for the account; for example, if the grantor of a grantor trust dies.

PenaltiesFailure to furnish TIN. If you fail to furnish your correct TIN to a requester, you are subject to a penalty of $50 for each such failure unless your failure is due to reasonable cause and not to willful neglect.

Civil penalty for false information with respect to withholding. If you make a false statement with no reasonable basis that results in no backup withholding, you are subject to a $500 penalty.

Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment.

Misuse of TINs. If the requester discloses or uses TINs in violation of federal law, the requester may be subject to civil and criminal penalties.

Specific InstructionsLine 1You must enter one of the following on this line; do not leave this line blank. The name should match the name on your tax return.

If this Form W-9 is for a joint account, list first, and then circle, the name of the person or entity whose number you entered in Part I of Form W-9.

a. Individual. Generally, enter the name shown on your tax return. If you have changed your last name without informing the Social Security Administration (SSA) of the name change, enter your first name, the last name as shown on your social security card, and your new last name.

Note. ITIN applicant: Enter your individual name as it was entered on your Form W-7 application, line 1a. This should also be the same as the name you entered on the Form 1040/1040A/1040EZ you filed with your application.

b. Sole proprietor or single-member LLC. Enter your individual name as shown on your 1040/1040A/1040EZ on line 1. You may enter your business, trade, or “doing business as” (DBA) name on line 2.

c. Partnership, LLC that is not a single-member LLC, C Corporation, or S Corporation. Enter the entity's name as shown on the entity's tax return on line 1 and any business, trade, or DBA name on line 2.

d. Other entities. Enter your name as shown on required U.S. federal tax documents on line 1. This name should match the name shown on the charter or other legal document creating the entity. You may enter any business, trade, or DBA name on line 2.

e. Disregarded entity. For U.S. federal tax purposes, an entity that is disregarded as an entity separate from its owner is treated as a “disregarded entity.” See Regulations section 301.7701-2(c)(2)(iii). Enter the owner's name on line 1. The name of the entity entered on line 1 should never be a disregarded entity. The name on line 1 should be the name shown on the income tax return on which the income should be reported. For example, if a foreign LLC that is treated as a disregarded entity for U.S. federal tax purposes has a single owner that is a U.S. person, the U.S. owner's name is required to be provided on line 1. If the direct owner of the entity is also a disregarded entity, enter the first owner that is not disregarded for federal tax purposes. Enter the disregarded entity's name on line 2, “Business name/disregarded entity name.” If the owner of the disregarded entity is a foreign person, the owner must complete an appropriate Form W-8 instead of a Form W-9. This is the case even if the foreign person has a U.S. TIN.


Line 2If you have a business name, trade name, DBA name, or disregarded entity name, you may enter it on line 2.

Line 3Check the appropriate box in line 3 for the U.S. federal tax classification of the person whose name is entered on line 1. Check only one box in line 3.

Limited Liability Company (LLC). If the name on line 1 is an LLC treated as a partnership for U.S. federal tax purposes, check the “Limited Liability Company” box and enter “P” in the space provided. If the LLC has filed Form 8832 or 2553 to be taxed as a corporation, check the “Limited Liability Company” box and in the space provided enter “C” for C corporation or “S” for S corporation. If it is a single-member LLC that is a disregarded entity, do not check the “Limited Liability Company” box; instead check the first box in line 3 “Individual/sole proprietor or single-member LLC.”

Line 4, ExemptionsIf you are exempt from backup withholding and/or FATCA reporting, enter in the appropriate space in line 4 any code(s) that may apply to you.

Exempt payee code.• Generally, individuals (including sole proprietors) are not exempt from backup withholding.

• Except as provided below, corporations are exempt from backup withholding for certain payments, including interest and dividends.

• Corporations are not exempt from backup withholding for payments made in settlement of payment card or third party network transactions.

• Corporations are not exempt from backup withholding with respect to attorneys' fees or gross proceeds paid to attorneys, and corporations that provide medical or health care services are not exempt with respect to payments reportable on Form 1099-MISC.

The following codes identify payees that are exempt from backup withholding. Enter the appropriate code in the space in line 4.

1—An organization exempt from tax under section 501(a), any IRA, or a custodial account under section 403(b)(7) if the account satisfies the requirements of section 401(f)(2)

2—The United States or any of its agencies or instrumentalities

3—A state, the District of Columbia, a U.S. commonwealth or possession, or any of their political subdivisions or instrumentalities

4—A foreign government or any of its political subdivisions, agencies, or instrumentalities

5—A corporation

6—A dealer in securities or commodities required to register in the United States, the District of Columbia, or a U.S. commonwealth or possession

7—A futures commission merchant registered with the Commodity Futures Trading Commission

8—A real estate investment trust

9—An entity registered at all times during the tax year under the Investment Company Act of 1940

10—A common trust fund operated by a bank under section 584(a)

11—A financial institution

12—A middleman known in the investment community as a nominee or custodian

13—A trust exempt from tax under section 664 or described in section 4947

The following chart shows types of payments that may be exempt from backup withholding. The chart applies to the exempt payees listed above, 1 through 13.

IF the payment is for . . . THEN the payment is exempt for . . .

Interest and dividend payments All exempt payees except for 7

Broker transactions Exempt payees 1 through 4 and 6 through 11 and all C corporations. S corporations must not enter an exempt payee code because they are exempt only for sales of noncovered securities acquired prior to 2012.

Barter exchange transactions and patronage dividends

Exempt payees 1 through 4

Payments over $600 required to be reported and direct sales over $5,0001

Generally, exempt payees 1 through 52

Payments made in settlement of payment card or third party network transactions

Exempt payees 1 through 4

1 See Form 1099-MISC, Miscellaneous Income, and its instructions.

2 However, the following payments made to a corporation and reportable on Form 1099-MISC are not exempt from backup withholding: medical and health care payments, attorneys' fees, gross proceeds paid to an attorney reportable under section 6045(f), and payments for services paid by a federal executive agency.

Exemption from FATCA reporting code. The following codes identify payees that are exempt from reporting under FATCA. These codes apply to persons submitting this form for accounts maintained outside of the United States by certain foreign financial institutions. Therefore, if you are only submitting this form for an account you hold in the United States, you may leave this field blank. Consult with the person requesting this form if you are uncertain if the financial institution is subject to these requirements. A requester may indicate that a code is not required by providing you with a Form W-9 with “Not Applicable” (or any similar indication) written or printed on the line for a FATCA exemption code.

A—An organization exempt from tax under section 501(a) or any individual retirement plan as defined in section 7701(a)(37)

B—The United States or any of its agencies or instrumentalities

C—A state, the District of Columbia, a U.S. commonwealth or possession, or any of their political subdivisions or instrumentalities

D—A corporation the stock of which is regularly traded on one or more established securities markets, as described in Regulations section 1.1472-1(c)(1)(i)

E—A corporation that is a member of the same expanded affiliated group as a corporation described in Regulations section 1.1472-1(c)(1)(i)

F—A dealer in securities, commodities, or derivative financial instruments (including notional principal contracts, futures, forwards, and options) that is registered as such under the laws of the United States or any state

G—A real estate investment trust

H—A regulated investment company as defined in section 851 or an entity registered at all times during the tax year under the Investment Company Act of 1940

I—A common trust fund as defined in section 584(a)

J—A bank as defined in section 581

K—A broker

L—A trust exempt from tax under section 664 or described in section 4947(a)(1)

M—A tax exempt trust under a section 403(b) plan or section 457(g) plan

Note. You may wish to consult with the financial institution requesting this form to determine whether the FATCA code and/or exempt payee code should be completed.

Line 5Enter your address (number, street, and apartment or suite number). This is where the requester of this Form W-9 will mail your information returns.

Line 6Enter your city, state, and ZIP code.

Part I. Taxpayer Identification Number (TIN)Enter your TIN in the appropriate box. If you are a resident alien and you do not have and are not eligible to get an SSN, your TIN is your IRS individual taxpayer identification number (ITIN). Enter it in the social security number box. If you do not have an ITIN, see How to get a TIN below.

If you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN. However, the IRS prefers that you use your SSN.

If you are a single-member LLC that is disregarded as an entity separate from its owner (see Limited Liability Company (LLC) on this page), enter the owner’s SSN (or EIN, if the owner has one). Do not enter the disregarded entity’s EIN. If the LLC is classified as a corporation or partnership, enter the entity’s EIN.

Note. See the chart on page 4 for further clarification of name and TIN combinations.

How to get a TIN. If you do not have a TIN, apply for one immediately. To apply for an SSN, get Form SS-5, Application for a Social Security Card, from your local SSA office or get this form online at www.ssa.gov. You may also get this form by calling 1-800-772-1213. Use Form W-7, Application for IRS Individual Taxpayer Identification Number, to apply for an ITIN, or Form SS-4, Application for Employer Identification Number, to apply for an EIN. You can apply for an EIN online by accessing the IRS website at www.irs.gov/businesses and clicking on Employer Identification Number (EIN) under Starting a Business. You can get Forms W-7 and SS-4 from the IRS by visiting IRS.gov or by calling 1-800-TAX-FORM (1-800-829-3676).

If you are asked to complete Form W-9 but do not have a TIN, apply for a TIN and write “Applied For” in the space for the TIN, sign and date the form, and give it to the requester. For interest and dividend payments, and certain payments made with respect to readily tradable instruments, generally you will have 60 days to get a TIN and give it to the requester before you are subject to backup withholding on payments. The 60-day rule does not apply to other types of payments. You will be subject to backup withholding on all such payments until you provide your TIN to the requester.

Note. Entering “Applied For” means that you have already applied for a TIN or that you intend to apply for one soon.

Caution: A disregarded U.S. entity that has a foreign owner must use the appropriate Form W-8.


Part II. CertificationTo establish to the withholding agent that you are a U.S. person, or resident alien, sign Form W-9. You may be requested to sign by the withholding agent even if items 1, 4, or 5 below indicate otherwise.

For a joint account, only the person whose TIN is shown in Part I should sign (when required). In the case of a disregarded entity, the person identified on line 1 must sign. Exempt payees, see Exempt payee code earlier.

Signature requirements. Complete the certification as indicated in items 1 through 5 below.

1. Interest, dividend, and barter exchange accounts opened before 1984 and broker accounts considered active during 1983. You must give your correct TIN, but you do not have to sign the certification.

2. Interest, dividend, broker, and barter exchange accounts opened after 1983 and broker accounts considered inactive during 1983. You must sign the certification or backup withholding will apply. If you are subject to backup withholding and you are merely providing your correct TIN to the requester, you must cross out item 2 in the certification before signing the form.

3. Real estate transactions. You must sign the certification. You may cross out item 2 of the certification.

4. Other payments. You must give your correct TIN, but you do not have to sign the certification unless you have been notified that you have previously given an incorrect TIN. “Other payments” include payments made in the course of the requester’s trade or business for rents, royalties, goods (other than bills for merchandise), medical and health care services (including payments to corporations), payments to a nonemployee for services, payments made in settlement of payment card and third party network transactions, payments to certain fishing boat crew members and fishermen, and gross proceeds paid to attorneys (including payments to corporations).

5. Mortgage interest paid by you, acquisition or abandonment of secured property, cancellation of debt, qualified tuition program payments (under section 529), IRA, Coverdell ESA, Archer MSA or HSA contributions or distributions, and pension distributions. You must give your correct TIN, but you do not have to sign the certification.

What Name and Number To Give the RequesterFor this type of account: Give name and SSN of:

1. Individual The individual2. Two or more individuals (joint

account)The actual owner of the account or, if combined funds, the first individual on the account1

3. Custodian account of a minor (Uniform Gift to Minors Act)

The minor2

4. a. The usual revocable savings trust (grantor is also trustee) b. So-called trust account that is not a legal or valid trust under state law

The grantor-trustee1

The actual owner1

5. Sole proprietorship or disregarded entity owned by an individual

The owner3

6. Grantor trust filing under Optional Form 1099 Filing Method 1 (see Regulations section 1.671-4(b)(2)(i)(A))

The grantor*

For this type of account: Give name and EIN of:

7. Disregarded entity not owned by an individual

The owner

8. A valid trust, estate, or pension trust Legal entity4

9. Corporation or LLC electing corporate status on Form 8832 or Form 2553

The corporation

10. Association, club, religious, charitable, educational, or other tax-exempt organization

The organization

11. Partnership or multi-member LLC The partnership12. A broker or registered nominee The broker or nominee

13. Account with the Department of Agriculture in the name of a public entity (such as a state or local government, school district, or prison) that receives agricultural program payments

The public entity

14. Grantor trust filing under the Form 1041 Filing Method or the Optional Form 1099 Filing Method 2 (see Regulations section 1.671-4(b)(2)(i)(B))

The trust

1 List first and circle the name of the person whose number you furnish. If only one person on a joint account has an SSN, that person’s number must be furnished.

2 Circle the minor’s name and furnish the minor’s SSN.

3 You must show your individual name and you may also enter your business or DBA name on the “Business name/disregarded entity” name line. You may use either your SSN or EIN (if you have one), but the IRS encourages you to use your SSN.

4 List first and circle the name of the trust, estate, or pension trust. (Do not furnish the TIN of the personal representative or trustee unless the legal entity itself is not designated in the account title.) Also see Special rules for partnerships on page 2.

*Note. Grantor also must provide a Form W-9 to trustee of trust.

Note. If no name is circled when more than one name is listed, the number will be considered to be that of the first name listed.

Secure Your Tax Records from Identity TheftIdentity theft occurs when someone uses your personal information such as your name, SSN, or other identifying information, without your permission, to commit fraud or other crimes. An identity thief may use your SSN to get a job or may file a tax return using your SSN to receive a refund.

To reduce your risk:

• Protect your SSN,

• Ensure your employer is protecting your SSN, and

• Be careful when choosing a tax preparer.

If your tax records are affected by identity theft and you receive a notice from the IRS, respond right away to the name and phone number printed on the IRS notice or letter.

If your tax records are not currently affected by identity theft but you think you are at risk due to a lost or stolen purse or wallet, questionable credit card activity or credit report, contact the IRS Identity Theft Hotline at 1-800-908-4490 or submit Form 14039.

For more information, see Publication 4535, Identity Theft Prevention and Victim Assistance.

Victims of identity theft who are experiencing economic harm or a system problem, or are seeking help in resolving tax problems that have not been resolved through normal channels, may be eligible for Taxpayer Advocate Service (TAS) assistance. You can reach TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059.

Protect yourself from suspicious emails or phishing schemes. Phishing is the creation and use of email and websites designed to mimic legitimate business emails and websites. The most common act is sending an email to a user falsely claiming to be an established legitimate enterprise in an attempt to scam the user into surrendering private information that will be used for identity theft.

The IRS does not initiate contacts with taxpayers via emails. Also, the IRS does not request personal detailed information through email or ask taxpayers for the PIN numbers, passwords, or similar secret access information for their credit card, bank, or other financial accounts.

If you receive an unsolicited email claiming to be from the IRS, forward this message to [email protected]. You may also report misuse of the IRS name, logo, or other IRS property to the Treasury Inspector General for Tax Administration (TIGTA) at 1-800-366-4484. You can forward suspicious emails to the Federal Trade Commission at: [email protected] or contact them at www.ftc.gov/idtheft or 1-877-IDTHEFT (1-877-438-4338).

Visit IRS.gov to learn more about identity theft and how to reduce your risk.

Privacy Act NoticeSection 6109 of the Internal Revenue Code requires you to provide your correct TIN to persons (including federal agencies) who are required to file information returns with the IRS to report interest, dividends, or certain other income paid to you; mortgage interest you paid; the acquisition or abandonment of secured property; the cancellation of debt; or contributions you made to an IRA, Archer MSA, or HSA. The person collecting this form uses the information on the form to file information returns with the IRS, reporting the above information. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation and to cities, states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their laws. The information also may be disclosed to other countries under a treaty, to federal and state agencies to enforce civil and criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. You must provide your TIN whether or not you are required to file a tax return. Under section 3406, payers must generally withhold a percentage of taxable interest, dividend, and certain other payments to a payee who does not give a TIN to the payer. Certain penalties may also apply for providing false or fraudulent information.

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