Wholesale Rate Sheet (Lender Paid Comp)

Transcription

1 Wholesale Rate Sheet (Lender Paid Comp) Change Summary: Rates up.125 on 7/1 and JB30 products Account Executives Contact Info Angela Liedike, AE - SD/OC Laurel Taylor, AE - LA Yong Lee, AE - LA/OC Joe Garcia, AE - IL Rebecca Trumble, WLA Morgan Howard, WLA Amanda Simula, AE - PNW Leigh Konopka, AE- OC Terri Caffery, AE - SD Juan Santamaria, WLA Jonathan Jacoby, WLA Randy Plankey, AE - SF Stephen Molz, AE - SF Laurie Hoehn, WLA Michelle Hedrick, WLA Fully Amortizing ARM Products Current Pricing Specials Broker Compensation paid by UB: 1.250% 3/1 ARM (AG3CL) 5/1 ARM (AG5CL) s Reduce Origination fee by $1000 for O/O and 2nd Home s (0.500) (0.500) Product (0.250) (0.250) 3/1 FA & 30yr IO ARM Products /1 FA & 30yr IO ARM Products /1 30yr IO ARM Product /1 FA ARM Product (0.250) Rate /1 FA & 30yr IO Products Jumbo Fixed Products 7/1 ARM (AG7CL) 10/1 ARM (AG8CL) Refinances (0.500) (0.500) Product (0.250) (0.250) 30yr IO ARM Products Non-UB Refinances Product FA ARM & 30yr IO ARM Products and Refinance 60% LTV Interest Only 30 Year ARM Products Broker Compensation paid by UB: 1.250% Product Portfolio Products (excl. EOM) 3/1 ARM (IG3BL) 5/1 ARM (IG5BL) State Specials (Applies to all products excl. EOM) (0.500) (0.500) State (0.250) (0.250) Washington/Oregon Illinois (0.250) Rate Pricing Adjustments No changes to Max Credit or Fees No margin buyups/downs 7/1 ARM (IG7BL) 10/1 ARM (IG8BL) adjustments are cumulative Max Credit for all products (excl. EOM): (0.500) (0.500) (0.500) Final Rate may be off sheet w/ cumulative adds (0.250) (0.250) Description Cost and Refi 90 days lock UB Points /1 & 5/1 Interest Only 40 Year /1 & 10/1 Interest Only 40 Year Non-Owner Interest Only LTV > 75% Interest Only O/O 2-4 Units Fixed Rate Fully Amortizing Products 2nd / Vacation Home Broker Compensation paid by UB: 1.250% Non Owner 1-4 Units 15 Year Fixed (JB15L) 30 Year Fixed (JB30L) Cash-out Refinances FICO < (0.500) (0.500) FICO >= 680 & < (0.250) (0.250) Loan Amts > $4 MM Conforming Loan Amt* Rate LTV > 80% (Loan amt > $453.1k) MI Required Subordinate Non-UB 2nd > 80% TLTV Subordinate UB 2nd > 85% TLTV Condos > 75% LTV (excl. detached) UB Points Lock Information Locking available from 8:00 AM to 6:00 PM PST Loan packages must be received within 20 days from the original lock date. If not, loan will be repriced at higher of pricing. Existing lock expiration date remains Packages not ready for docs by end of rate lock expiration will be repriced at higher of. Loans not funded by lock expiration are subject to extension fees. Lock Extension Fees: 7 Days =.125, 15 Days =.25, 30 Days =.375 Multiple extensions allowed Lock Days s: 60 Days Refinances: 60 Days Rate Lock Break Option in rate over current added to points. Must be Borrower Initiated; 50bps Rate Difference; Within 30 Days of Closing; Cannot be Docs Out status; Package must be submitted *If loan amount is less than or equal to loan limits below, pricing adjustment will apply Conforming Maximum Loan Amounts 1 Unit 2 Unit 3 Unit 4 Unit $453,100 $580,150 $701,250 $871,450 Description 1.250% Broker Comp. Lender Paid Pricing Options Cost UB Points Fee Information Lender Origination Fee - $ (other required service that the Bank selects): Credit Report: $24.00 for each individual report and $48.00 for a joint report. Flood Determination: $9.00 Tax Service: $62.00 on loan amount up to $1,999, plus $10.00 for each additional $100,000 Appraisal: Refer to chart below: **Please note that JS30 loans will be charged an additional appraisal review fee. See pg. 6 for details** Second Appraisal Required when: (applies to 1st loan amount or combined UB loan amounts 1 ) ARM Information Qualifying Rate (Full AM) 3/1 ARM = Note Rate + 6% 5/1 ARM= Note Rate + 2% 7/1 & 10/1 ARMs = Note Rate Qualifying Rate (Interest Only) 3/1 IO ARMs: Greater of note rate + 6% or the fully-indexed rate (FIR); 5/1 IO ARMs: Greater of the note rate + 2% or the FIR; 7/1 & 10/1 IO ARMs: Greater of the note rate or the FIR rounded to nearest 0.125%. Qualifying Term (Interest Only) 30 Year Term 3/1 ARM 27 years 5/1 ARM 25 years 7/1 ARM 23 years 10/1 ARM 20 years 40 Year Term 3/1 ARM 37 years 5/1 ARM 35 years 7/1 ARM 33 years 10/1 ARM 30 years Caps Initial 2.000% Subsequent 2.000% Life 6.000% Index Information 1 Year LIBOR FNMA Loan Purpose Loan Amount 1 LTV 1 ARM > $2,500,000 and < $4,000,000 >= $4,000,000 No Cash-Out Refinance > $1,500,000 and < 4,000,000 >= $4,000,000 Cash-Out Refinance > $1,100,000 and < $4,000,000 >= $ 4,000, Combined Union Bank Loan Amounts- If UB will have more than 1 loan on the property, loan amount refers to the combined loan amounts and the TLTV restrictions noted above apply. If there is an outside 2nd mortgage, 2nd appraisal requirements apply to the 1st mortgage loan amount and LTV. Note: The above guidelines also apply to Portfolio Express Refinances 1 of 8

2 Fully Amortized Fixed and ARM / Interest Only ARM Portfolio Products Primary, Rate&Term Cash Out Single Unit (4) Single Unit (4) LTV 60% 65% 70% 75% 80% (5) LTV 60% 65% 70% 75% 80% 740 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $2,000,000 (1) 740 $5,000,000 $5,000,000 $5,000,000 $1,100,000 $750, $5,000,000 $5,000,000 $5,000,000 $1,100,000 (2) $750,000 (2) 700 $5,000,000 $5,000,000 $1,100,000 $750,000 $750,000 <700 $2,000,000 $2,000,000 $2,000,000 $1,100,000 $750, $2,000,000 $2,000,000 $1,100,000 $750,000 $750,000 2 Unit 2 Unit LTV 60% 65% 70% 75% 80% LTV 60% 65% 70% 75% 80% 740 $5,000,000 $5,000,000 $5,000,000 $2,000,000 (1) $2,000,000 (1) 740 $5,000,000 $5,000,000 $2,000,000 $1,100,000 $750, $5,000,000 $5,000,000 $5,000,000 $1,100,000 $750, $5,000,000 $5,000,000 $1,100,000 $750,000 <700 $2,000,000 $2,000,000 $2,000,000 $1,100,000 $750, $2,000,000 $2,000,000 $1,100,000 $750, Units 3-4 Units LTV 60% 65% 70% 75% 80% LTV 60% 65% 70% 75% 740 $5,000,000 $5,000,000 $5,000,000 $1,100,000 $750, $5,000,000 $5,000,000 $1,100,000 $750, $5,000,000 $5,000,000 $5,000,000 $1,100,000 $750, $5,000,000 $5,000,000 $1,100,000 $750,000 <700 $2,000,000 $2,000,000 $2,000,000 $1,100,000 $750, $2,000,000 $2,000,000 $1,100,000 $750,000 Second Home, Rate&Term Cash Out Single Unit (4) Single Unit (4) LTV 60% 65% 70% 75% 80% LTV 60% 65% 70% 75% 740 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $750, $2,000,000 $2,000,000 $1,100,000 $750, $5,000,000 $5,000,000 $5,000,000 $750,000 $750, $2,000,000 $2,000,000 $1,100,000 <700 $2,000,000 $2,000,000 $2,000,000 $750,000 $750, $2,000,000 $2,000,000 $1,100,000 Fully Amortized Fixed and ARM Portfolio Products Investment, Rate&Term Cash Out Single Unit (4) Single Unit (4) LTV 60% 65% 70% 75% 80% LTV 50% 55% 60% 740 $1,500,000 $1,500,000 $1,500,000 $750,000 $750, $1,500,000 $1,500,000 $1,500,000 <740 $1,500,000 $1,500,000 $750,000 $750,000 2 Unit 2 Unit LTV 60% 65% 70% 75% 80% LTV 50% 55% 60% 740 $1,500,000 $1,500,000 $1,500,000 $750,000 $750, $1,500,000 $1,500,000 $1,500,000 <740 $1,500,000 $1,500,000 $750,000 $750, Units 3-4 Units LTV 60% 65% 70% 75% LTV 50% 740 $1,500,000 $1,500,000 $1,100,000 $750, $1,100,000 <740 $1,500,000 $1,100,000 $750,000 $750,000 Interest Only ARM Portfolio Products Investment, Rate&Term Cash Out Single Unit (4) Single Unit (4) LTV 60% 65% LTV 50% 55% 740 $1,100,000 $1,100, $1,100,000 $1,100,000 <740 $1,100,000 2 Unit 2 Unit LTV 60% 65% LTV 50% 55% 740 $1,100,000 $1,100, $1,100,000 $1,100,000 <740 $1,100, Units 3-4 Units LTV 60% LTV 50% 740 $1,500, $1,100,000 <740 $1,500,000 See Page 3 for 1st TD / 2nd TD Combo Transactions Matrix Notes: (1) Loan amounts > $2M up to $3M allowed with 24 months reserves (5) LTV > 80% with Mortgage Insurance (see matrix below for additional detail): (2) Loan amounts up to $2M allowed with 18 months reserves - Loan Amounts up to $453,100 On SFRs, PUDs, and Condominiums, LTV can be increased to 90% as follows: Fully Amortizing ARMs and Portfolio Fixed-Rate loans require a minimum 660 credit score; 7/1 & 10/1 Interest-Only ARMs require a minimum 720 score and max 41% debt ratio (max 80% LTV allowed on 3/1 & 5/1 Interest-Only ARMs). MI required with MI company approval. Condos must be warrantable to Fannie Mae guidelines (no limited reviews) and meet Union Bank guidelines. No Manufactured Homes > 80%. (3) Reduce LTV by 5% when the property is located in an area of declining values. Does not apply to all Portfolio Express loans or other loans that meet all of the following criteria: with a maximum TLTV of 85% or Rate/Term Refinance of an existing UB mortgage which can include the payoff of a UB 2nd TD FICO 700 or above 1-2 unit property Primary residence Property is not a Condominium Verified reserves exceed the minimum required (4) SFR's PUD's and Condo's only (No Manufactured Homes) - Loan Amounts > $453,100 to $850K On 5/1, 7/1, & 10/1 Fully Amortizing ARMs & Portfolio Fixed-Rate loans, LTV can be increased to 89.9% on SFRs and PUDs and to 85% on Condominiums. Minimum 700 credit score required. MI required with MI company approval. Condos must be warrantable to Fannie Mae guidelines (no limited reviews) and meet Union Bank guidelines. No Manufactured Homes > 80%. - Refer to At-A-Glance - Mortgage Insurance for additional requirements. Debt-to-Income Ratios Fixed-Rate, Fully-Amortizing ARMs - max 43% LTV > 80% w/mortgage Insurance Fully Amortized Fixed and ARM Portfolio Products 40-Year Interest Only - max 43%, Rate&Term 30-Year Interest Only - max 45% Single Unit (Condominiums Max 85% to $850K) LTV 89.90% 90% Reserve Requirements 700 $850,000 $453,100 Primary and 2nd Home Fixed/Fully Am ARMs Int-Only ARMs 660 $453,100 $453,100 Loan <= $750K 6 months PITI 12 months PITI 2-4 Units N/A N/A N/A Loan >$750K<=$1.5M 9 months PITI 12 months PITI 7/1 and 10/1 Interest Only ARM Portfolio Products Loan >$1.5M<=$2.5M 12 months PITI 18 months PITI, Rate&Term Loan >$2.5M 24 months PITI 24 months PITI Single Unit Investment Property LTV 89.90% 90% Loan <= $750K 6 months PITI 12 months PITI 720 $453,100 $453,100 Loan >$750K 12 months PITI 12 months PITI 2-4 Units N/A N/A N/A Cash Out Tranactions 24 months PITI 24 months PITI Manufactured Homes Not owed Departing Residence > 25% Equity 2 months PITI 2 months PITI < 25% Equity 6 months PITI 6 months PITI > 4 Financed Properties If subject property is 2nd Home or Investment: 1ST TD LTV / Loan Amount MATRIX (3) 6 months PITI on all other 6 months PITI on all other financed Second Home and financed Second Home and Investment properties Investment properties 2 of 8

3 Second Trust Deed Products Concurrent Funding FlexEquity Account (HELOC) INDEX = WALL STREET JOURNAL PRIME RATE (WSJ), Wall Street Journal set at 5.25% and Refinance FlexEquity Guideline Information Property Value up to $2MM (1)(2) (1) The following guidelines apply: Risk Tier TLTV Max $500K FlexEquity line amount I. FICO >= % (3) FlexEquity principal+interest payment option is required if the TLTV > 75%. II. FICO >= % Primary residence and second homes only SFRs, PUDs, Condos, and 2-4 units (No manufactured homes) Property Value > $2MM to $3.5MM (1)(2) money, no-cash out refinances and cash-out refinances Risk Tier TLTV Refer to Wholesale At-a-Glance FlexEquity Money and At-a-Glance FlexEquity Refinance for guidelines I. FICO >= % Transactions - Use the lesser of the sales price or the appraised value. The minimum required credit score is the greater of the first mortgage or combination HELOC requirement. (2) Maximum TLTV may be limited by the maximum TLTV allowed per the UB 1st mortgage. Property Value > $3.5MM (1)(2) (3) TLTV > 80% requires the following additional requirements: Risk Tier TLTV s and Refinances - On refinance transactions, UB 1st must be a no cash-out, cash-out allowed on FlexEquity. I. FICO >= % Primary residences only SFRs, PUDs, and Condos only (no manufactured homes or 2-4 unit properties) Combined liens may not exceed $1.7 million. Max 85% TLTV in the following Counties: CA - Marin, San Francisco, San Mateo, Santa Clara; WA - King, Snohomish PURCHASE FLEXEQUITY PRICING 75.01% - 85% CLTV Product Loan Amount State <= 75% CLTV P&I Required Variable Rate Portion ($25,000 - $500,000)** 85.01% to 89.9% CLTV P&I Required $Up to $34,999 CA/OR/WA $35,000-$49,999 CA/OR/WA $50,000-$99,999 CA/OR/WA $100,000-$249,999 CA/OR/WA $250,000-$500,000 CA/OR/WA Product Loan Amount State Rate (<= 75% CLTV) Fixed Rate Term 7-Year Fixed Rate Option** $Up to $34,999 CA/OR/WA $35,000-$49,999 CA/OR/WA $50,000-$99,999 CA/OR/WA $100,000-$249,999 CA/OR/WA $250,000-$500,000 CA/OR/WA REFINANCE FLEXEQUITY PRICING 75.01% - 85% CLTV Product Loan Amount State <= 75% CLTV P&I Required Variable Rate Portion ($25,000 - $500,000)** Variable Rate for Remaining 36-Month Term 85.01% to 89.9% CLTV P&I Required $Up to $34,999 CA/OR/WA $35,000-$49,999 CA/OR/WA $50,000-$99,999 CA/OR/WA $100,000-$249,999 CA/OR/WA $250,000-$500,000 CA/OR/WA Product Loan Amount State Rate (<= 75% CLTV) Fixed Rate Term 7-Year Fixed Rate Option** $Up to $34,999 CA/OR/WA $35,000-$49,999 CA/OR/WA $50,000-$99,999 CA/OR/WA $100,000-$249,999 CA/OR/WA $250,000-$500,000 CA/OR/WA **Borrowers are eligible for a.25% discount from the published rates for automatic payment from a Union Bank Account (Checking or Saving) Rate Variable Rate for Remaining 36-Month Term Rate Additional Information and Fees $350 Early Termination Fee if account closes within first 3 years; (Waived if UB Refinance) Rate is based on the state in which the property is located, not the state in which the borrower lives. Rate is tied to the Wall Street Journal Prime Rate index as published in the print edition of the Wall Street Journal plus a margin 18% Lifetime Rate Cap 120 Month Draw Period Qualify at 0.75% of LOC (HELOC and FRO) P&I HELOC Pmt = (Principal Balance / # Mos remaining) + (Monthly Interest Only Pmt) 20 yr FRO Pmt = Amortized 20 yr at rate at time of conversion No Standalone 2nds Priority Banking = 0.50% (Borrower must have Priority Checking account to qualify**) Private Bank Relationship A = 0.75% (Borrower must have $250,000 - $999,999 in D&I with Bank Confirmed through Private Bank approval process**) Private Bank Relationship B = 1.00% (Borrower must have >= $1,000,000 in D&I with Bank Confirmed through Private Bank approval process**) **Relationship s are no longer qualified by Org Unit. Private Bank discounts must be validated by Private Bank leadership through formal approval process. 1st TD / 2nd TD Combo Transactions Union Bank 2nd or Non-Union Bank 2nd Page 2 1st TD matrix FICO/LTV/Loan Amt limits supersede Combo max LTV & Loan Amt Recent Updates: Effective 8/27/2018 Less than $100,000 line size - Rate of 4.99% for 12 months Greater than or equal to $100,000 line size - Rate of 3.99% for 12 months This offer is not available on the same subject property when the same applicant(s) applied for a FlexEquity in the last 24 months (Exceptions to this exclusion are allowed when applicant(s) were previously declined and condition causing declination is resolved to Union Bank s satisfaction). Effective 7/30/2018 Flex Equity s lowered by 25bps. FlexEquity Promos have been discontinued. Effective 6/11/2018 ** Max 85% TLTV in the following Counties: CA - Marin, San Francisco, San Mateo, Santa Clara; WA - King, Snohomish Promotional pricing is now available for New Non- Money FlexEquity applications submitted from 8/27/2018 to 10/26/2018 with a CLTV <= 80% and rates that vary by line size: New 7-Year FlexEquity Fixed Rate Option available for Lines with CLTVs <= 75%. Initial 7 years will be fixed at a certain rate then adjusted to the applicable Variable Rate Portion for the remaining term. For applications submitted on or after 6/11/2018, the relationship discounts have been updated. The discounts have been increased by 25bps in margin and a new tier for relationships > $1mm has been added. s are no longer qualified by Org Unit. Private Bank discounts must be validated by Private Bank leadership through formal approval process. 3 of 8

4 Wholesale Rate Sheet (Borrower Paid Comp) Change Summary: Rates up.125 on 7/1 and JB30 products Account Executives Contact Info Angela Liedike, AE - SD/OC Laurel Taylor, AE - LA Yong Lee, AE - LA/OC Joe Garcia, AE - IL Rebecca Trumble, WLA Morgan Howard, WLA Amanda Simula, AE - PNW Leigh Konopka, AE- OC Terri Caffery, AE - SD Juan Santamaria, WLA Jonathan Jacoby, WLA Randy Plankey, AE - SF Stephen Molz, AE - SF Laurie Hoehn, WLA Michelle Hedrick, WLA Fully Amortizing ARM Products Current Pricing Specials Broker Compensation paid by Borrower: Up to 2.000% 3/1 ARM (AG3C) 5/1 ARM (AG5C) s Reduce Origination fee by $1000 for O/O and 2nd Home s (0.500) (0.500) Product (0.250) (0.250) 3/1 FA & 30yr IO ARM Products /1 FA & 30yr IO ARM Products /1 30yr IO ARM Product /1 FA ARM Product (0.250) Rate /1 FA & 30yr IO Products Jumbo Fixed Products 7/1 ARM (AG7C) 10/1 ARM (AG8C) Refinances (0.500) (0.500) Product (0.250) (0.250) 30yr IO ARM Products Non-UB Refinances Product FA ARM & 30yr IO ARM Products and Refinance 60% LTV Interest Only 30 Year ARM Products Broker Compensation paid by Borrower: Up to 2.000% Product Portfolio Products (excl. EOM) 3/1 ARM (IG3B) 5/1 ARM (IG5B) State Specials (Applies to all products excl. EOM) (0.500) (0.500) State (0.250) (0.250) Washington/Oregon Illinois (0.250) Rate /1 ARM (IG7B) 10/1 ARM (IG8B) (0.500) (0.500) Final Rate may be off sheet w/ cumulative adds (0.250) (0.250) Description Cost and Refi 90 days lock UB Points /1 & 5/1 Interest Only 40 Year /1 & 10/1 Interest Only 40 Year Non-Owner Interest Only LTV > 75% Interest Only O/O 2-4 Units Fixed Rate Fully Amortizing Products 2nd / Vacation Home Broker Compensation paid by Borrower: Up to 2.000% Non Owner 1-4 Units 15 Year Fixed (JB15) 30 Year Fixed (JB30) Cash-out Refinances FICO < (0.500) (0.500) FICO >= 680 & < (0.250) (0.250) Loan Amts > $4 MM Conforming Loan Amt* Rate LTV > 80% (Loan amt > $453.1k) MI Subordinate Non-UB 2nd > 80% TLTV Subordinate UB 2nd > 85% TLTV Condos > 75% LTV (excl. detached) Lock Information Locking available from 8:00 AM to 6:00 PM PST Loan packages must be received within 20 days from the original lock date. If not, loan will be repriced at higher of pricing. Existing lock expiration date remains unchanged. Packages not ready for docs by end of rate lock expiration will be repriced at higher of. Loans not funded by lock expiration are subject to extension fees. Lock Extension Fees: 7 Days =.125, 15 Days =.25, 30 Days =.375 Multiple extensions allowed Lock Days s: 60 Days Refinances: 60 Days Rate Lock Break Option in rate over current added to points. Must be Borrower Initiated; 50bps Rate Difference; Within 30 Days of Closing; Cannot be Docs Out status; Package must be submitted Pricing Adjustments No changes to Max Credit or Fees No margin buyups/downs adjustments are cumulative Max Credit for all products (excl. EOM): (0.500) UB Points *If loan amount is less than or equal to loan limits below, pricing adjustment will apply Conforming Maximum Loan Amounts 1 Unit 2 Unit 3 Unit 4 Unit $453,100 $580,150 $701,250 $871,450 Fee Information Lender Origination Fee - $ (other required service that the Bank selects): Credit Report: $24.00 for each individual report and $48.00 for a joint report. Flood Determination: $9.00 Tax Service: $62.00 on loan amount up to $1,999, plus $10.00 for each additional $100,000 Appraisal: Refer to chart below: **Please note that JS30 loans will be charged an additional appraisal review fee. See pg. 6 for details** ARM Information Qualifying Rate (Full AM) 3/1 ARM = Note Rate + 6% 5/1 ARM= Note Rate + 2% 7/1 & 10/1 ARMs = Note Rate Qualifying Rate (Interest Only) 3/1 IO ARMs: Greater of note rate + 6% or the fullyindexed rate (FIR); 5/1 IO ARMs: Greater of the note rate + 2% or the FIR; 7/1 & 10/1 IO ARMs: Greater of the note rate or the FIR rounded to nearest 0.125%. Qualifying Term (Interest Only) 30 Year Term 3/1 ARM 27 years 5/1 ARM 25 years 7/1 ARM 23 years 10/1 ARM 20 years 40 Year Term 3/1 ARM 37 years 5/1 ARM 35 years 7/1 ARM 33 years 10/1 ARM 30 years Caps Initial 2.000% Subsequent 2.000% Life 6.000% Index Information Second Appraisal Required when: 1 Year LIBOR (applies to 1st loan amount or combined UB loan amounts 1 ) FNMA Loan Purpose Loan Amount 1 LTV 1 ARM No Cash-Out Refinance Cash-Out Refinance > $2,500,000 and < $4,000,000 >= $4,000,000 > $1,500,000 and < 4,000,000 >= $4,000,000 > $1,100,000 and < $4,000,000 >= $ 4,000, Combined Union Bank Loan Amounts- If UB will have more than 1 loan on the property, loan amount refers to the combined loan amounts and the TLTV restrictions noted above apply. If there is an outside 2nd mortgage, 2nd appraisal requirements apply to the 1st mortgage loan amount and LTV. Note: The above guidelines also apply to Portfolio Express Refinances 4 of 8

5 Economic Opportunity Mortgage (EOM) Products Please note that specific training by Union Bank is required in order for brokers to be approved to participate in the loan program. Contact your Union Bank Account Representative for details and/or to schedule EOM training. Broker Compensation paid by Lender: 1.250% Broker Compensation paid by Borrower: Up to 2.000% EOM 30 Year Fixed (CRA1L) EOM 30 Year Fixed (CRA1) (1.000) (1.000) EOM 15 Year Fixed (CRA5L) EOM 15 Year Fixed (CRA5) (0.500) (0.500) (0.250) (0.250) Pricing Specials for CRA-Eligible Transactions* Eligible Counties (Loan Amounts <= $500k) Marin, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, Orange, Alameda, Contra Costa, Los Angeles * Eligible Transactions: Either (A) The property is located in an Eligible County and a census tract where the median family income is 80% of the median family income for the MSA; OR (B) The property is located in an Eligible County and the borrower's combined qualifying income is 80% of the HUD Median Income for the county. Origination Charge for EOM Products: s and Refinances: Lender Origination Fee = $495 Rate (0.500) 1) Eligibility -- Subject property must be located in a designated census tract OR borrowers must meet income limits for the county in which the property is located. 2) Primary Residences Only 3) Term: Fixed Rate -- 10, 15, 20, 25, or 30 Years 4) SFR, PUD, Condominium, 2-4 units only. (No Manufactured Homes) 5) 5% LTV reduction for declining values does not apply to the EOM program 6) For Max TLTV requirements, see table at bottom of page Standard Program Guidelines Loan Purpose Units LTV / No Cash Out Cash Out 1-2 Units 90% 1 Unit 3-4 units 80% 2 Units 1-2 Units 80% 3 Units 3-4 units 75% 4 Units Max Loan Amounts $453,100 ($500,000 ) $580,150 $701,250 $871,450 Expanded Program Guidelines (1) (Lending Parameters for High-Cost Counties) Max Loan Amount California No Cash-out Refi $679,650 $679,650 $672,750 $672,750 97% LTV (2) 90% LTV Max Loan Amount No Cash-out Refi 2 Unit California Counties $679,650 $679,650 Alameda, Contra Costa, Los Angeles, Marin, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Clara, Santa Cruz $672,750 $672,750 Ventura $625,500 $625,500 Santa Barbara $649,750 $649,750 San Diego $648,600 $648,600 Sonoma $615,250 $615,250 San Luis Obispo $615,250 $615,250 Monterey Washington Counties $667,000 $667,000 King, Pierce, Snohomish Counties in Oregon and counties not listed above for CA & WA, max $543,000 Loan Amt 1 Unit Counties Alameda, Contra Costa, Los Angeles, Marin, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Clara, Santa Cruz Ventura $625,500 $625,500 Santa Barbara $649,750 $649,750 San Diego $648,600 $648,600 Sonoma $615,250 $615,250 San Luis Obispo $615,250 $615,250 Monterey $529,000 $529,000 Mono $517,500 $517,500 El Dorado, Placer, Sacramento and Yolo $500,000 $477,250 Nevada $500,000 $463,450 Alpine $500,000 $460,000 Solano Washington Counties $667,000 $667,000 King, Pierce, and Snohomish $500,000 $483,000 San Juan Oregon - Standard EOM Loan amounts only Loan Purpose / No Cash- Out Refinances Cash-Out Refinances Subsidized/DAP 2nd 105% Maximum TLTV Non - Subsidized/DAP 2nd 90% 95% if Expanded EOM requirements are met Same as max LTV Expanded LTV's and Loan Amount Notes: (1) Expanded loan amounts allowed in counties shown in tables above. Counties not shown in tables are eligible for Standard loan amounts only. (2) Expanded LTV's are allowed in all counties in CA, OR & WA For Expanded LTV's & loan amounts, borrowers must meet the additional requirements below: * s and no cash-out refinances only * Property Location: CA, OR, or WA * 1-unit, owner-occupied, single-family residences, condos and PUD's only (no manufactured homes) * 2-unit properties allowed with maximum 90% LTV with maximum loan amounts noted in table above. * Minimum 620 credit score (credit score must be "valid"-refer to broker credit Glance and broker EOM Glance) * Maximum 105% TLTV (for TLTV's greater than 95%, the subordinate financing must be DAP/Subsidized 2nd approved by UnionBank-refer to broker glance- DAP subsidized 2nd Mtg) * No non-occupant co-borrowers, no boarder income, no unpermitted granny flats, maximum 5 acres * Debt ratios 38%/44% * Borrowers may not own or have an ownership interest in any other residential property 5 of 8

6 Jumbo Saleable Products **Note that pricing is subject to change daily.** Broker Compensation paid by Union Bank: 1.250% Broker Compensation paid by Borrower: up to 2.000% 30 Year Jumbo Fixed (JS30L) 30 Year Jumbo Fixed (JS30) Rate 30 Day 45 Day Rate 30 Day 45 Day (0.250) (0.125) (0.625) (0.500) (0.875) (0.750) (0.250) (0.125) (1.250) (1.125) (0.625) (0.500) (1.625) (1.500) (0.875) (0.750) (1.875) (1.750) s Only s Only Loan Level Pricing Adjustments ( pricing adjustments are cumulative and added to fee) FICO (0.750) (0.625) (0.375) (0.125) NA (0.750) (0.750) (0.625) (0.375) (0.250) NA (0.875) (0.875) (0.750) (0.625) (0.375) (0.125) NA (0.875) (0.875) (0.875) (0.750) (0.625) (0.500) (0.375) (1.000) (0.875) (0.875) (0.875) (0.750) (0.625) (0.500) Rate/Term Refinance FICO (0.500) (0.375) (0.125) NA (0.500) (0.500) (0.375) (0.125) NA (0.750) (0.625) (0.500) (0.375) (0.125) NA (0.750) (0.750) (0.625) (0.500) (0.375) (0.250) (0.125) (0.750) (0.750) (0.750) (0.625) (0.500) (0.375) (0.250) Cash-Out Refinance FICO (0.375) (0.250) NA NA NA (0.375) (0.375) (0.250) NA NA NA (0.625) (0.500) (0.375) (0.250) NA NA NA (0.625) (0.625) (0.500) (0.375) (0.250) NA NA NA (0.625) (0.625) (0.625) (0.500) (0.375) NA NA NA Loan Amounts 1,000,000 1,000,001-1,500,000 1,500,001-2,000,000 2,000,001-2,500,000 Property / Occupancy Type 2 Unit 3-4 Units 2nd Home Investment NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA State Adjustments NV Special Adjustment 30 yr Fixed, Non CA 30 yr Fixed, CA (0.375) (0.375) (0.375) (0.375) (0.375) (0.375) (0.375) (0.375) (0.250) (0.250) (0.250) (0.250) (0.250) (0.125) No Escrow (Taxes Only) On JS30 program, lender credits, after netting loan level pricing adjustments, will be limited based upon Broker Comp level (see below). Anything in excess of max lender credit will be removed. Broker Compensation 1.25% Max Net Lender Credit (0.125) Loan Amount Range Property Type Min. Loan Amt Max. Loan Amt 1 Unit $453,101 $2,500,000 2 Unit $580,151 $1,500,000 3 Unit $701,251 $1,000,000 4 Unit $871,451 $1,000,000 Standard Origination Fee Structure Lender Origination Fee = $1595 (shown in Section A of LE) No Promo for Origination Fees Locking allowed Monday - Friday, 9am - 5pm PST Quicklocks not allowed 30/45 day lock periods available Refinances 45 day lock period only 20, 25, and 30 year terms available Primary Residences, Second Homes, and Investment Properties SFR, PUD, Condo, and 2-4 units only - NO Manufactured homes Cash out refinance - 1 Unit primary residences and second homes Minimum FICO 700 Maximum DTI 43% Max loan amount $2,500,000; 1st time buyer max $1,000,000 ($1,500,000 for CA Properties) For Rate Lock Information, refer to Wholesale At-a-Glance - Jumbo Saleable Any loan submitted/locked on or after 01/16/2016, will require a $150 appraisal review fee to be disclosed on all JS30 loans Additional Notes and Information 6 of 8

7 Occupancy Loan Purpose Property Type Max LTV/TLTV Max Loan Amount (1) Minimum Credit Owner Occupied Jumbo Saleable Eligibility 85% (4) $1,000, % $1,500, or Rate/Term 1 Unit (3) 75% $2,000, % $2,500, Refinance (1) 70% $1,000, Units 65% $1,000, % $1,500, % $1,000, % $1,000, Cash Out Refinance (2) 1 Unit (3) 65% $1,500, % $2,000, % $2,500, Unit (3) 80% $1,000, Second Home Investment Property (5) or Rate/Term Refinance Cash Out Refinance 1 Unit (3) 1 Unit (3) 75% $1,000, % $1,500, % $2,000, % $2,500, % $1,000, % $1,500, % $2,000, or Rate/Term Refinance 1-4 units (3) 70% $1,000, Cash-Out Refinance 1-4 units (3) 60% $1,000, (1) First-time homebuyers are limited to a maximum loan amount of $1,000,000 ($1,500,000 for CA Properties) (2) Cash-out limitation apply. Refer to Broker Glance - Jumbo Saleable (3) Eligible 1-unit property types include SFRs, PUDS, Condos (no manufactured homes) (4) The following requirements apply for LTV/TLTVs > 80%: MI not required Secondary financing not allowed Maximum 36% DTI Non-permanent residents not allowed Gift funds not allowed Minimum loan amount $1 above Fannie Mae High Balance loan limit for the subject County Escrow/impound account required unless prohibited by applicable laws (5) The following apply for investment properties: --Gift funds not allowed -- Transaction must be arm's length -- A Comparable Rent Schedule or Operating Income Statement is required even if rental income is not used to qualify -- First-time homebuyers not allowed 7 of 8

8 Summary of Portfolio Product Rate s (Only applies to Primary and Second Homes) Portfolio Product (1) Refinance of Refinance of UB Mortgage Non-UB Mortgage 3/1 Full AM % % 3/1 30yr IO % % % 3/1 40yr IO 5/1 Full AM % % 5/1 30yr IO % % % 5/1 40yr IO 7/1 Full AM % % 7/1 30yr IO % % % 7/1 40yr IO 10/1 Full AM % % 10/1 30yr IO % % % 10/1 40yr IO Jumbo % Jumbo % (1) Reduce Origination Fee by $1000 for O/O or 2nd Home s. 8 of 8