Helping you achieve greater success in your portfolio management

& restructuring

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TT Lender Solutions Overview

TT Lender Solutions is a division of Trust Title.

Together both teams work with you to implement:– custom solutions for construction management– project analysis– portfolio disposition– loss mitigation– end to end funds control solutions.

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TTLS Value Proposition

• Construction loan negotiation and default resolution• Extensive and diverse construction management

experience • Nationwide coverage • Managed Over $2.5 billion in distressed

construction loans • Best in class vendor partners for field services • Network of general contractors for project

completion • Construction loan servicing expertise utilizing

industry standard “The Construction Lender” (TCL) servicing system

• Gramm-Leach-Bliley (GLBA) compliant

Adding value to your team

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Scope of Services

• Outbound call center to engage borrowers and contractors; obtain status

• Initiate written correspondence including default notices• Perform advanced skip-tracing• Construction loan specialists explore and negotiate payoff

strategies• Negotiate and coordinate short sales, deeds-in-lieu, note sales• Act as central point of contact for all correspondence in

workout stage• Research and recommend alternative exit strategies for

problem loans• Create settlement proposal with recommendations; present to

lender or asset owner• Coordinate initiation of foreclosure activity

Construction Loan Default Resolution

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Scope of Services

• Identify any construction issues with the existing structure and execute strategies to mitigate problems

• Obtain third-party services to ascertain constraints to completion such as:– Inspections– Contact city/county inspectors– Realtors– Environmental– Survey

• Identify any safety hazards to limit lender liability• Perform permitting and zoning analysis including identification of

any setback or easement restrictions affecting property• Identify municipalities and status of utilities• Complete valuation analysis including “as-is” and completed

values• Obtain and review Comparative Market information to identify true

market value• Provide thoroughly researched exit strategies including benefits

and risks for project demolition or abandonment, “as-is” quick sale, or project completion

Construction Project Analysis

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Scope of Services

• Complete construction budget and project analysis• Estimate and/or obtain bids for completion of construction-

rehabilitation• Obtain and review project specifications, contract, and draw

schedule for project completion• Verify build-out budget including costs and time commitments• Perform builder review, including verifying all references,

builder credit, status of licenses, and status of insurance • Manage builder relationship on “completion” projects• Monitor progress towards project completion• Act as on-call contact for immediate resolution of urgent

matters• Provide detailed, project level reporting and analysis

Construction/Project Management

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Scope of Services

• Complete draw disbursement processing including NTO and waivers, title updates, and coordination of third-party inspections

• Deliver disbursement authorization to lender for draw funding

• Act as the central point of contact for all communication with borrowers (if applicable), builder, inspectors and lender

• Experts with TCL, industry leading construction loan management software

• Assist lender or asset management firm with the liquidation of the complete project including retail sale and/or real estate auction

• Introduce equity fund firms for the purchase of partially complete distressed construction assets.

Funds Control

Exit Strategy Analytics

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Scope of Services

• Property reports• Foreclosure search to confirm parties to serve notice• Title updates• Title issue resolution• Title insurance• Escrow agent services• Complete title review and analysis• Initiate advanced lien resolution techniques as needed• Review and report any remaining title and tax issues• Validate clear title updates or compliance with state

mechanics lien laws

Title and Settlement Services

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Scope of Services

• Loss Mitigation – Custom predictive risk modeling – Constant portfolio monitoring

• Short-Refinance Process – Facilitation and negotiation of lender concessions

• Short-Sale Process and Lender Coordination • Lien Resolution • Property Preservation • Loan Level Due Diligence

– Portfolio exit strategy analysis – Extensive review prior to borrower contact

Other Services

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Vendors and Strategic Alliances

“Best in Class Vendor Partners” • Inspection Services • Permitting and Zoning • Builder Sourcing • Valuation • Asset Management • Network of National Real Estate Services • Construction & Builder Insurance Providers • Loan Servicers • Equity & Opportunity Funds

Field Service Support & Vendor Coordination

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Appendix

• Non-performing residential construction loans; loss mitigation activity

• 1,681 assets• Total value at loan amount - $1.12 billion• Total value at principal amount disbursed - $958 million• 14 month workout• National footprint

Recent Portfolio Workout

EastWest

Central

Geographic Distribution Resolution / Disposition

Construction Completion and Loan

Modification

Default and Foreclosure

Payoff Lot Loan

Short Sale