Introduction to Mortgage Servicing Examinations Training - March 2023

Prudential Servicing Standards

Follow FHFA Requirements CSBS Final Model Standards

•Read thoroughly to gain understanding of what is intended & specific exclusions •Notably, wholly owned loans, reverse mortgages, & loans serviced for others are excluded from calculations •Pure sub ‐ servicers only required to comply with capital & liquidity provisions Financial Condition Requirements •Capital • Liquidity

Prudential Servicing Standards Capital Definition: Tangible Net Worth •Total Equity •LESS Goodwill & Other Intangible Assets •LESS Affiliated Receivables & Pledged Assets Net of Associated Liabilities •LESS Deferred Tax Assets Net of Deferred Tax Liabilities

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