SHELLPOINT PARTNERS LLC
MIAMI, FLORIDA

Shellpoint® was born in 2010, at the height of the credit crisis that affected the mortgage industry nationwide. A team of seasoned industry veterans recognized the problems that led to the crisis, and understood how they could be corrected. Their commitment to a new mortgage paradigm launched the business. This solid foundation and untarnished reputation allows us to work within the current framework of agency and government loans, but also, to pioneer new portfolio products. Our goal is to return the housing market to the responsible, respectable— and traditionally wise—investment it has always been. Shellpoint® was born in 2010, at the height of the credit crisis that affected the mortgage industry nationwide. A team of seasoned industry veterans recognized the problems that led to the crisis, and understood how they could be corrected. Their commitment to a new mortgage paradigm launched the business. This solid foundation and untarnished reputation allows us to work within the current framework of agency and government loans, but also, to pioneer new portfolio products. Our goal is to return the housing market to the responsible, respectable— and traditionally wise—investment it has always been. Our Philosophy You can’t be an innovative leader without first ensuring that trust, integrity, and sound practices are the cornerstone of your firm. That’s why we developed these founding principles: We provide our investors at all levels with the appropriate access to information so they can make intelligent, informed decisions with confidence. We recognize that lending is a people business as much as it’s a numbers business. On the other end of every transaction, someone’s dream hangs in the balance. We never forget that. We understand that trust is earned, not granted. When the right choice is the harder choice, we are willing to make it and stand behind it. By applying this 4-prong approach to every single decision and transaction we face, we have built a firm foundation, strong enough to support the new and improved mortgage market. A specialty finance company focused on the U.S. residential mortgage market. Parent company to four growing businesses that employ 1,200+ people and counting. Fannie Mae, Freddie Mac and Ginnie Mae seller/servicer. Fastest growing private company in the U.S. (Inc. 500 and Philly 100 winner in 2012). Shellpoint Partners sits on a foundation of strong capital and a solid commitment to transparency and stability. From our acquisition of New Penn Financial in June 2011, through to our continued growth and expansion of today, we strive to maintain controlled growth. As our business channels and infrastructure continues to develop, we are able to meet our goals to serve the agency market, and create programs that will serve non-agency markets as the industry recovers. Board of Directors, Shellpoint Partners James B. Lockhart III is Vice Chairman of WL Ross & Co. LLC and a member of the Office of the Chairman and Investment Committees for the WLR Recovery Funds and Invesco Mortgage Recovery Fund. His responsibilities include overseeing financial services portfolio companies and sourcing new opportunities in the financial services industry. Prior to joining WL Ross in September 2009, he was the Director of the Federal Housing Finance Agency, regulator of Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks, and its predecessor agency, the Office of Federal Housing Enterprise Oversight, since May 2006. He served as the Chairman of Federal Housing Finance Oversight Board and a member of the Financial Stability Oversight Board with the Chairman of the Federal Reserve Board, the Secretaries of Treasury and HUD, and the Chairman of SEC. For the prior 4 years Mr. Lockhart was the Deputy Commissioner and Chief Operating Officer of Social Security, Secretary to its Board of Trustees and a member of President Bush’s Management Council. Mr. Lockhart also served in the previous Bush Administration as Executive Director of the Pension Benefit Guaranty Corporation from 1989 until 1993. Mr. Lockhart co-founded and served as managing director of NetRisk, a risk management software and consulting firm serving major financial institutions, banks, insurance companies and investment management firms worldwide. He held senior positions at National Reinsurance, Smith Barney, Alexander & Alexander and Gulf Oil, in Europe and the U.S. He has served as a member of the American Benefits Council’s Board of Directors and of the Advisory Board to the Task Force for the Critical Review of the US Actuarial Profession. He is a director of Virgin Money in the U.K., Bank of the Cascades, Capital Markets Cooperative, Shellpoint Partners and the Bruce Museum. In 2009, he received The American Financial Leadership Award from the Financial Services Roundtable. He is a Fellow of the Association of Corporate Treasurers in the UK. Mr. Lockhart is a co-chair with Senator Conrad (D-ND) on the Bipartisan Policy Center’s Commission on Retirement Security and Personal Savings. Mr. Lockhart graduated from Yale University with a BA and received an MBA from Harvard Business School. He served as a Lieutenant (j.g.) in the U.S. Navy aboard a nuclear submarine. Shellpoint Partners believes in being involved in the local communities we serve. Some of the causes we support affect families across all the areas we serve, such as juvenile diabetes. By being responsive and caring at a local level, our businesses can be more closely connected with their employees, customers, and the needs of the communities they serve. Shellpoint® provides the mortgage industry with the next generation of lending solutions. We offer both traditional and innovative approaches to the market, providing opportunities for a wide spectrum of qualified borrowers, and through Shellpoint’s securitization program, to qualified investors. Through responsible lending practices and prioritizing people in all of our dealings from day one, we are well on our way to becoming a leading mortgage issuer in today’s new marketplace.