Introduction to Mortgage Servicing Training - October 2023

Internal Use Only

Prudential Servicing Standards

Capital Minimum Capital

• Minimum Net Worth: $2.5 million • ADD 25 bps of Enterprise Servicing • ADD 35 bps of Ginnie Mae Servicing • ADD 25 bps of PLS & Other Servicing Capital Ratio ≥ 6% • Tangible Net Worth / Total Assets

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Internal Use Only

Prudential Servicing Standards

Liquidity

Special Note: Consistent with Fannie Mae, Freddie Mac and Ginnie Mae, allowable sources of liquidity shall not include unused/available portions of committed servicing advance lines of credit or other unused/available portions of credit lines such as normal operating business lines.

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