Platinum ServiceClosing solutions for mortgage brokers in Quebec from FCT

What is Platinum Service?Platinum Service is FCT’s closing solution available exclusively through a select group of lenders. By working with a participating lender, you benefit from:

u greater control over your dealsu competitive pricing

As a mortgage broker, you have options when it comes to selecting the best products and services for your borrowers. When you choose to work with a lender who has Platinum Service from FCT built into their agreement, you choose to provide your borrowers with an alternate closing option that sets you apart from the competition.

u FCT’s Platinum Refinance is used when your borrower wants to borrow more money, extend theirmortgage amortization, add or delete a borrower, or consolidate debt.

u Through refinancing, borrowers can lower their payments or interest rates, as well as use the equity intheir home.

u Refinance is also required if the current mortgage is a secured line of credit or a collateral mortgage.

Refinance

OUTSHINE THE COMPETITION

FCT’s Platinum Program

REFINANCE WITH NO DISCHARGE $587.00 + applicable taxes = $643.31FCT completes all necessary searches, requests the payout statement from the OFI (if applicable) and conducts due diligence. If there are any Title Discrepancies, FCT will resolve these with the lender and the borrower(s).*Payout statements can take an average of 3-5 business days to obtain

The notary contacts the borrower(s) to book the signing appointment. This appointment takes place at the notary’s office.

The document package is sent to the notary who meets with the borrower, reviews ID and witnesses the borrower(s) signatures on the required documentation.

Upon receipt of the signed documents, FCT requests funds from the lender.

The lender funds FCT on the requested funding date. FCT pays out on all secured and unsecured debts, as required.

The notary registers the mortgage documents.

5

6

7

8

9

10

1 ?

2

3

FCT

THE PLATINUM PROCESS

BROKER

1 ?

2

3

4

You meet with your borrower(s) to discuss mortgage options and have them complete the application.

Once the application is completed, you submit documentation to the chosen lender for approval.

Upon mortgage approval, the lender provides you with an approval package. You meet with the borrower to sign all documentation, along with the Request for Statement and Authorization.

The lender sends the deal to FCT, along with the Request for Statement and Authorization, Mortgage Commitment and any other applicable documents.

ALL-IN REFINANCE $791.20 + applicable taxes = $873.96

REFINANCE WITH NO DISCHARGE $593.45+ applicable taxes = $646.31

The Program fee includes title search, document preparation, one signing appointment, mortgage registration, cancellation fees, unlimited discharges and unsecured debt payouts.

For additional fees, please refer to the chart below: * please note all applicable taxes are extra

Additional Appointment $52.67 per appointmentAppointments outside the Notary office $80.00 and upAdditional Search land title property $25.00 per search

This new base program fee includes title searches, document preparation, one signing appointment, three (3) unsecured debt payouts and mortgage registration.

For additional fees, please refer to the chart below:

Cancellation Fees (after documents have been sent to the notary) $150.00 Cancellation Fees ( before documents have been sent to the notary) $100.00Cancellation of Appointment $50.00 Additional Appointment $52.67 per appointment Remote signing appointments $80.00 and up Additional search land title property $25.00 per search Additional unsecured payouts (above and beyond the 3 included in the base fee) $25.00 per payout

QUEBEC FEES

PLATINUM REFINANCE

PROGRAM FEES

Additional Fees (applies to all transactions):

For mortgages over $750,000.00, additional premiums apply:

MORTGAGE AMOUNT ADDITIONAL PREMIUM TAX ON PREMIUM

$750,000.01 to less than or equal to $1,000,000.00 $100 $9.00

$1,000,000.01 to less than or equal to $1,500,000.00 $250 $22.50

$1,500,000.01 to less than or equal to $2,000,000.00 $350 $31.50

$2,000,000.01 to less than or equal to $5,000,000.00 $750 $67.50

*NEW TIER*$5,000,000.01 and Over

$750 plus $0.65 per $1000

Taxes will vary depending on the amount over $5,000,000.01

Greater control over your refinance deals

An improvedborrower experience

VALUE OF FCT PLATINUM SERVICE

Competitive price

Constant communication through milestone emails.

You will always be up-to-date on the status of your deal

� Deal Received by FCT� Payout Statement Ordered� Payout Statement Received� Signing Appointment Date Set� Funding Complete

PARTICIPATING LENDERS

Please contact your participating lender to confirm available programs.

When you’re ready to shine, we’re ready to help.For more information on our Platinum Service please contact the Broker Hotline at 1.855.500.3565.

Insurance by FCT Insurance Company Ltd. Services by First Canadian Title Company Limited. The services company does not provide insurance products. This material is intended to provide general information only. For specific coverage and exclusions, refer to the applicable policy. Copies are available upon request. Some products/services may vary by province. Prices and products/services offered are subject to change without notice.

® Registered Trademark of First American Financial Corporation. #1228E 04-20

About FCT

Founded in 1991 and based in Oakville, Ontario, the FCT group of companies provides industry-leading title insurance, default solutions and other real-estate-related services. Its customer base is comprised of more than 450 lenders, over 44,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.

With an emphasis on integrity and thinking differently, FCT offers customers increased efficiency while providing superior protection and customer service. Underwriting expertise, innovative products and services, and an unwavering passion to serve customers are the cornerstones of FCT’s promise of Experience Excellence®.

FCT employs over 800 staff from coast-to-coast and provides a work culture where every employee is empowered to be great. The employee-led FCT Charitable Foundation was established in 2012 and provides funds to charities to help alleviate poverty and homelessness, as well as scholarships for the advancement of post secondary education in the communities in which FCT operates.

Proud of its engaged workforce, FCT has been recognized as one of the best workplaces in Canada* by the Great Place to Work® Institute in both 2015 and 2016, as well as earning the designation of being one of the best workplaces in Canada for women in 2016.

For more information on FCT, please visit the company website at FCT.ca.

* Large and multinational category® Registered trademark of Great Place to Work Institute®Registered trademark of First American Financial Corporation