FIFTH THIRD BANK

FIFTH THIRD BANK Collateral Appraisal Checklist Borrower Name Loan Number Property Address All loan documents in the file (appraisal, title commitment, legal description, etc.) must be reviewed and cross- referenced to ensure all Information accurately matches the information submitted on the loan application. 1. Is the appraisal in coloO YES If no, add #99 condition to the loan: • The appraisal imaged Month/Date is not in color. Color appraisal required for collateral review. 2. Is the Appraiser or Appraisal Company listed on the Exclusionary List? If yes, email the ConsumerIntemalAMCdesk.Bancorp NO 3. Is the appraiser listed on the Fannie Mae AQM Check List/ NO If yes, GRADE appraisal as RED and add #99 condition to the loan: • The appraiser is listed on the Fannie Mae AOM List 4. Is the Appraisers License Expiration Date ON or BEFORE the Effective Date of Appraisal/ NO If yes, add #99 condition to the loan: • The appraiser's license is expired ON or BEFORE the effective date of the Appraisal. 5. Have you input the Apprasial Document Identifier number in UNIFI and is the UCDP successful? YES Does it match the borrower, property address, and the value from the appraisal? Does not apply to 2075/2055. If the UCDP is not Successful, add #99 condition to the loan: • Underwriter to review UCDP Status Summary Report: Not Successful • UCDP is missing and/or not received. • UCDP Does Not Appear To Match Borrower, Property or Appraised Value 6. Does the review of the UCDP SSR for Fannie Mae show Fannie Mae Proprietary Edit Findings? N/A If findings exist, add #99 condition to the loan: • Fannie SSR Returned # proprietary edit findings 7. Is the lender on the appraisal listed as Fifth Third? YES If no, add #11 condition and complete: Who is the Lender Listed? • Appraisal received and imaged does not list the Lender as Fifth Third. Transferred Appraisals are no longer permitted. 8. Is the USPS imaged to the loan/ YES Image USPS into the file if not already completed. 9. Does the property address listed on the appraisal match Unifi and USPS? Does the appraisal legal description match the legal description on the loan application and the purchase agreement? YES If no, add #99 condition to the loan: • The property address on the appraisal does not match UNIFI or USPS. • The property address on the appraisal does not match the purchase agreement. • The legal description on the appraisal does not match the purchase agreement • The Parcel number on the appraisal does not match the purchase agreement 10. Does the appraisal have more than one parcel listed? If yes, add #99 condition to the loan: • The appraisal has more than one parcel listed. 11. Is the Appraisal on the form required by AUS? N/A - NO AUS imaged If no, is the appraisal on a more detailed form (if Drive By is Required, Full Appraisal is acceptable. If no, add #99 condition to the loan: • AUS required Appraisal Form , Appraisal received on Form For Internal Use Only CONFIDENTIAL NO Rev. 09/12/2014 SDNY_GM_00030421 EFTA_00 141039 EFTA01279874 ---PAGE BREAK--- FIFTH THIRD BANK Collateral Appraisal Checklist continued... 12 Does the property type (single or multi-family) listed on the appraisal match the UNIFI property type? YES if no, add #99 condition to the loan: • The property type on the appraisal does not match the property type in UN/Fl. 13. If subject property has a Homeowners Association, is Unifi properly coded as a PUD or Condominium AND Homeowners Association tees are included in PITI calculations? If no, add only ONE of the following #99 condition to the loan: The appraisal includes HOA/PUD fees not listed in UNIFI. The appraisal includes HOA/PUD fees, however they do not match the fees entered in UNIFI. The property type in UNIFI is not listed as condo or pud, however the appraisal includes HOA/PUD fees. NO 14. Is the zoning compliance noted as legal or legal-nonconforming? YES if no, add #99 condition to the loan: • Zoning on appraisal is not listed as legal/legal non conforming, rebuild letter may be required. 15. Is the subject property's present use highest and best? YES If no, add #99 condition to the loan: • The highest and best use of the subject property is marked NO. 16. Has the property sold within the past 12 months? NO if yes, add #99 condition to the loan: • The appraisal has the property listed as being sold within the last 12 months. 17. If the loan is a refinance, is the subject property listed for sale? NO if yes, add #99 condition to the loan: • The appraisal has the refinance listed as being for sale. 18. Does the property generally conform to the neighborhood (functional utility, style, condition, use, etc.)? YES if no, add #99 condition to the loan: • Property does not generally conform to the neighborhood 19 Is the remaining Economic Life greater than or equal to the Loan Term? YES if no, add #99 condition to the loan: • Remaining Economic Life is not given in appraisal • Remaining Economic Life is less than the loan term. 20. Did you follow the Collateral Manager Cascade', YES if no, add #99 condition to the loan: • Risk Manager and AVM have not been run due to inability to enter Appraised Value and Appraisal Received date. 21. Has the appraisal been issued 'as is'? N no, add #99 condition to the loan: • The appraisal has not been completed "as is". 22. Did you find the appraisal requires additional inspections? If any inspections are found, send out email to processor YES NO For Internal Use Only CONFIDENTIAL Rev. 09/12/2014 SONY_GM_00030422 EFTA_00I 41040 EFTA01279875 ---PAGE BREAK--- FIFTH THIRD BANK Collateral Appraisal Checklist continued... 23. Did you complete the Key Word checklist? If any keywords are found, add #99 condition to the loan: • The following key word(s) were found in the appraisal report: If not able to perform keyword search on pdf, add the following #99 condition to the loan: • The keyword search was not able to be performed on the received appraisal Pdf. SLK Key Word Checklis' CISTERN Page No: NO COST TO CURE Page No: NO COST TO REPAIR Page No: NO DEFERRED MAIN Page No: NO ELECTRICAL Page No: NO FAIR Page No: NO HAULED Page No: NO INSPECTION Page No: NO MECHANICALS Page No: NO MOLD Page No: NO PLUMBING Page No: NO POOR Page No: NO PRIVATE ROAD Page No: NO OBSOLESCENCE Page No: NO SAFETY HAZARD Page No: NO SEPTIC Page No: NO SITE CONDO Page No: NO WELL Page No: NO SPECIAL ASSESSMENT Page No: NO STRUCTURAL Page No: NO UTILITIES (not on, turned oft) Page No: NO YES For Internal Use Only Rev. 09/12/2014 CONFIDENTIAL SDNY_GM_00030423 EFTA_00141041 EFTA01279876 ---PAGE BREAK--- FIFTH THIRD BANK Collateral Appraisal Checklist continued... 24. If the subject property is a 0, 1, or 2 bedroom home, did the appraiser provide at least one comparable with a similar or lower bedroom count? If no, add #99 condition to the loan: • The subject property Is a 0-2 bedroom home and the appraiser has not provided a comp with a similar or lower bedroom count. 25. Is the Subject Property Quality Rating O1 - O5? Applies to 1004/70, 1073/465, 1075/466, 2055. Does not apply to Manuf 1004C/70B, 1025/72, 2090, 2095. If no, add #99 condition to the loan: • The subject property quality rating is not 01 -O5. YES 26. Is the Subject Property Condition Rating C1 — C4 with no deferred maintenance noted? Applies to 1004/70, 1073/465, 1075/466, 2055. Does not apply to Manuf 1004C/70B, 1025/72, 2090, 2095. If no, add #99 condition to the loan: • The subject property condition rating is not C1 - C4. • The subject property condition rating is a Cl - C4, however deferred maintenance is NOTED. 27. Are the majority of the comparables adjusted less than 15% Net and 25% Gross Adjustments? If no, add #99 condition to the loan: • The majority of the comparables are not adjusted less than 15% Adjustments. • The majority of the comparables are not adjusted less than 25% Gross Adjustments. 28. Is the Appraised Value bracketed by both the Sales Prices and Adjusted Sales Prices of the comparable sales? If no, add #99 condition to the loan: • The appraised value is not bracketed by the Sales Prices and the Adjusted Sales Prices. Sales Price Adj Sales Price Subject Value $ $620,000.00 $ $620,000.00 Comp 1 $ $570,000.00 $ $620,000.00 Comp 2 $ $623,000.00 $ $622,460.00 Comp 3 $ $775,000.00 $ $710,080.00 Select $ $ Select $ $ Select $ $ YES YES YES YES A "NO" answer to questions 24 - 28 will flip a OREM APPRAISAL GRADE to YELLOW GRADE. Appraisal Grade: YELLOW Additional Comments from reviewing agent if any: Agent Name: Juber Review Date: 11/03/2014 For Internal Use Only CONFIDENTIAL Rev. 09/12/2014 SONY_GM_00030424 EFTA 00141042 EFTA01279877