Subject: Non-QM Near-Miss Program Announcement

Date: July 15, 2021

Attn: All Sellers

We are pleased to announce the rollout of our initial Non-QM Near-Miss Loan program, with a product that maintains our investment quality loan standards combined with meaningful variances to our current Jumbo Mortgage Loan Program.

The loan limit range is from $150,000 to $1.5M and is meant to capture various qualifying opportunities not currently available in our Conforming and Jumbo Mortgage Loan programs. Below are some of the expansions available with this program:

• Shortened credit derogatory seasoning requirements.
• 48% Expanded DTI.
• 6% Interested Party Contribution Allowance.
• 100% Gift Funds allowable with Loan-to-Values of 70% and lower.
• Allowable short-term rental income.
• Allowable simultaneous second liens.
• Expanded income documentation requirements.
• Lowered reserve requirements for additional properties owned.

As with most Near-Miss products, the guidelines are very comprehensive; however, with all things new, questions will arise, and we would like to answer those questions. Below is a list of four WebEx training sessions which will be offered in the coming weeks. Please note that additional dates will be added as needed.

July 22nd 11:00-12:00 am PST https://aiguc.webex.com/aiguc/j.php?MTID=m62e5af52cf454a8a0933628d19e3cb99

July 27th 11:00-12:00 am PST https://aiguc.webex.com/aiguc/j.php?MTID=m93e59c13216a6a51b13ebb19426bf9e6

August 3rd 1:00-2:00 pm PST https://aiguc.webex.com/aiguc/j.php?MTID=ma1d7db3a2f6f84a0a07c5c3e0b642490

August 10th 9:00-10:00 am PST https://aiguc.webex.com/aiguc/j.php?MTID=m301a44b9f3a847a1bb8eb5531dbbd267

The Non-QM Guideline document will be available at www.aig.com/correspondentlending within the coming days. Should you have any questions related to this announcement, please reach out to Shane Larscheid, Vice President of Sales.

Thank you for your continued business.