Common use of Quality Control Compliance Clause in Contracts

Quality Control Compliance. On a monthly basis Compliance Audit & Testing (CAT) selects a sample of loans to audit from the total population of funded loans from the previous month for each origination channel. CAT employs a statistical sampling model that provides a 95% confidence level that findings inferred to the overall population are accurate to a 2% margin of error over a 12-month period. In addition to the statistical sample, CAT makes additional targeted discretionary loan selections to address identified trends or other high risk areas. CAT will include a targeted discretionary sample of loans sold to GMAC bank within the overall sample of loans for each origination channel. Technology - CAT employs an audit software application to sample loans, record and track findings, and report audit results. Cogent Economics Audit Software, marketed by Cogent Economics, meets the requirements for statistical sampling, result tracking and reporting for loans tested by the US Residential Finance Group located in Horsham, PA. Loans tested, tracked and reported by the audit team in Minneapolis, MN utilize an MS Access database. Audit Procedures - Closed loan post-funding review, performed by CAT, includes testing for completeness, accuracy, and validity of the compliance documentation and data and accuracy of information relied upon throughout the transaction of the loan. Processes and controls are tested during audit period with any identified gaps noted for management response and action plan identification. The Compliance testing processes used to confirm first and second mortgages are in compliance with all federal and state laws and regulations, including any applicable agency or investor requirements, policies and procedures as well as fraud detection. Audit Exception Follow Up - On a weekly basis, CAT reports significant audit findings to the appropriate origination channels for feedback and follow up. All business units typically have 30 days to respond (or until end of audit period which is generally 20 business days) to the findings. Once responses are received, they are evaluated with any resolved items being noted. Audit findings with no response after 30 days are considered as concurrence with the findings. Reporting - CAT issues monthly management reports to report overall audit results for each origination channel within 60 days of the end of a production month. CAT will prepare a special report for GMAC Bank to report findings from all origination channel audits of loans sold to GMAC Bank. Record Retention - Quality Control maintains audit work papers for a minimum of two years following the completion of an audit. Management reports are maintained indefinitely. Timing - CAT typically conducts post-funded new loan production audits on the following time frame: Segment Audit Procedure Timing Time Line (respective to loan close) 1 Capture funded loan data, analyze funded loan data and select audit samples. 3 working days following close of month 3rd day 2 Order and receive selected loan files from Records Management. 4 to 20 business days (following loan close) to receive requested files 4th - 45th day 3 Prepare and audit selected loans Audits completed within 45 days of the close. Audit period consists of approximately 20 business days 15th day - 45th day 4 Compile, review and finalize findings including any feedback or response from channel. 16th day - 55th day 55th day 5 Perform root cause analysis. Discuss root cause and preliminary result findings with BURMs. Root cause starts approximately the 16th day – 55th day Allowing a maximum of one week after all final feedback received from the origination channels 55th day 7 Prepare final report and distribute to channels and Bank management 60th day; allowing 5 days for report preparation 65th day 8 Management response due back 30 days following final report disbursement 90th day • PRICING TERMS: CAT is prepared to deliver the described services at the following fees: Description of Service Cost per File Loan file audits and reporting $95 per file reviewed* High cost test calculator Incorporated into overall cost Special Investigations Negotiated as required Special Projects and Reported Negotiated as required * The cost per file is determined using a blend of in-house and outsourced audits as well as administration costs.

Quality Control Compliance. On a monthly basis Compliance Audit & Testing (CAT) selects a sample of loans to audit from the total population of funded loans from the previous month for each origination channel. CAT employs a statistical sampling model that provides a 95% confidence level that findings inferred to the overall population are accurate to a 2% margin of error over a 12-month period. In addition to the statistical sample, CAT makes additional targeted discretionary loan selections to address identified trends or other high risk areas. CAT will include a targeted discretionary sample of loans sold to GMAC bank within the overall sample of loans for each origination channel. Technology - – CAT employs an audit software application to sample loans, record and track findings, and report audit results. Cogent Economics Audit Software, marketed by Cogent Economics, meets the requirements for statistical sampling, result tracking and reporting for loans tested by the US Residential Finance Group located in Horsham, PA. Loans tested, tracked and reported by the audit team in Minneapolis, MN utilize an MS Access database. Audit Procedures - – Closed loan post-funding review, performed by CAT, includes testing for completeness, accuracy, and validity of the compliance documentation and data and accuracy of information relied upon throughout the transaction of the loan. Processes and controls are tested during audit period with any identified gaps noted for management response and action plan identification. The Compliance testing processes used to confirm first and second mortgages are in compliance with all federal and state laws and regulations, including any applicable agency or investor requirements, policies and procedures as well as fraud detection. Final 8/1/07 Audit Exception Follow Up - – On a weekly basis, CAT reports significant audit findings to the appropriate origination channels for feedback and follow up. All business units typically have 30 days to respond (or until end of audit period which is generally 20 business days) to the findings. Once responses are received, they are evaluated with any resolved items being noted. Audit findings with no response after 30 days are considered as concurrence with the findings. Reporting - – CAT issues monthly management reports to report overall audit results for each origination channel within 60 days of the end of a production month. CAT will prepare a special report for GMAC Bank to report findings from all origination channel audits of loans sold to GMAC Bank. Record Retention - – Quality Control maintains audit work papers for a minimum of two years following the completion of an audit. Management reports are maintained indefinitely. Timing - – CAT typically conducts post-funded new loan production audits on the following time frame: Segment Audit Procedure Timing Time Line (respective to loan close) 1 Capture funded loan data, analyze funded loan data and select audit samples. 3 working days following close of month 3rd day 2 Order and receive selected loan files from Records Management. 4 to 20 business days (following loan close) to receive requested files 4th - 45th day 3 Prepare and audit selected loans Audits completed within 45 days of the close. Audit period consists of approximately 20 business days 15th day - 45th day 4 Compile, review and finalize findings including any feedback or response from channel. 16th day - 55th day 55th day 5 Perform root cause analysis. Discuss root cause and preliminary result findings with BURMs. Root cause starts approximately the 16th day – - 55th day Allowing a maximum of one week after all final feedback received from the origination channels 55th day 7 Prepare final report and distribute to channels and Bank management 60th day; allowing 5 days for report preparation 65th day 8 Management response due back 30 days following final report disbursement 90th day • PRICING TERMS: CAT is prepared to deliver the described services at the following fees: Description of Service Cost per File Loan file audits and reporting $95 per file reviewed* High cost test calculator Incorporated into overall cost Special Investigations Negotiated as required Special Projects and Reported Negotiated as required * The cost per file is determined using a blend of in-house and outsourced audits as well as administration costs.day

Quality Control Compliance. On a monthly basis Compliance Audit & Testing (CAT) selects a sample of loans to audit from the total population of funded loans from the previous month for each origination channel. CAT employs a statistical sampling model that provides a 95% confidence level that findings inferred to the overall population are accurate to a 2% margin of error over a 12-month period. In addition to the statistical sample, CAT makes additional targeted discretionary loan selections to address identified trends or other high risk areas. CAT will include a targeted discretionary sample of loans sold to GMAC bank within the overall sample of loans for each origination channel. Technology - CAT employs an audit software application to sample loans, record and track findings, and report audit results. Cogent Economics Audit Software, marketed by Cogent Economics, meets the requirements for statistical sampling, result tracking and reporting for loans tested by the US Residential Finance Group located in Horsham, PA. Loans tested, tracked and reported by the audit team in Minneapolis, MN utilize an MS Access database. Audit Procedures - Closed loan post-funding review, performed by CAT, includes testing for completeness, accuracy, and validity of the compliance documentation and data and accuracy of information relied upon throughout the transaction of the loan. Processes and controls are tested during audit period with any identified gaps noted for management response and action plan identification. The Compliance testing processes used to confirm first and second mortgages are in compliance with all federal and state laws and regulations, including any applicable agency or investor requirements, policies and procedures as well as fraud detection. Audit Exception Follow Up - On a weekly basis, CAT reports significant audit findings to the appropriate origination channels for feedback and follow up. All business units typically have 30 days to respond (or until end of audit period which is generally 20 business days) to the findings. Once responses are received, they are evaluated with any resolved items being noted. Audit findings with no response after 30 days are considered as concurrence with the findings. Reporting - CAT issues monthly management reports to report overall audit results for each origination channel within 60 days of the end of a production month. CAT will prepare a special report for GMAC Bank to report findings from all origination channel audits of loans sold to GMAC Bank. Record Retention - Quality Control maintains audit work papers for a minimum of two years following the completion of an audit. Management reports are maintained indefinitely. Timing - CAT typically conducts post-funded new loan production audits on the following time frame: Segment Audit Procedure Timing Time Line (respective to loan close) 1 Capture funded loan data, analyze funded loan data and select audit samples. 3 working days following close of month 3rd day 2 Order and receive selected loan files from Records Management. 4 to 20 business days (following loan close) to receive requested files 4th - 45th day 3 Prepare and audit selected loans Audits completed within 45 days of the close. Audit period consists of approximately 20 business days 15th day - 45th day 4 Compile, review and finalize findings including any feedback or response from channel. 16th day - 55th day 55th day 5 Perform root cause analysis. Discuss root cause and preliminary result findings with BURMs. Root cause starts approximately the 16th day – 55th day Allowing a maximum of one week after all final feedback received from the origination channels 55th day 7 Prepare final report and distribute to channels and Bank management 60th day; allowing 5 days for report preparation 65th day 8 Management response due back 30 days following final report disbursement 90th day • PRICING TERMS: CAT is prepared to deliver the described services at the following fees: Description of Service Cost per File Loan file audits and reporting $95 per file reviewed* High cost test calculator Incorporated into overall cost Special Investigations Negotiated as required Special Projects and Reported Negotiated as required * The cost per file is determined using a blend of in-house and outsourced audits as well as administration costs.

Quality Control Compliance. On a monthly basis Compliance Audit & Testing (CAT) selects a sample of loans to audit from the total population of funded loans from the previous month for each origination channel. CAT employs a statistical sampling model that provides a 95% confidence level that findings inferred to the overall population are accurate to a 2% margin of error over a 12-month period. In addition to the statistical sample, CAT makes additional targeted discretionary loan selections to address identified trends or other high risk areas. CAT will include a targeted discretionary sample of loans sold to GMAC bank within the overall sample of loans for each origination channel. Technology - – CAT employs an audit software application to sample loans, record and track findings, and report audit results. Cogent Economics Audit Software, marketed by Cogent Economics, meets the requirements for statistical sampling, result tracking and reporting for loans tested by the US Residential Finance Group located in Horsham, PA. Loans tested, tracked and reported by the audit team in Minneapolis, MN utilize an MS Access database. Audit Procedures - – Closed loan post-funding review, performed by CAT, includes testing for completeness, accuracy, and validity of the compliance documentation and data and accuracy of information relied upon throughout the transaction of the loan. Processes and controls are tested during audit period with any identified gaps noted for management response and action plan identification. The Compliance testing processes used to confirm first and second mortgages are in compliance with all federal and state laws and regulations, including any applicable agency or investor requirements, policies and procedures as well as fraud detection. Final 12/10/08 Audit Exception Follow Up - – On a weekly basis, CAT reports significant audit findings to the appropriate origination channels for feedback and follow up. All business units typically have 30 days to respond (or until end of audit period which is generally 20 business days) to the findings. Once responses are received, they are evaluated with any resolved items being noted. Audit findings with no response after 30 days are considered as concurrence with the findings. Reporting - – CAT issues monthly management reports to report overall audit results for each origination channel within 60 days of the end of a production month. CAT will prepare a special report for GMAC Bank to report findings from all origination channel audits of loans sold to GMAC Bank. Record Retention - – Quality Control maintains audit work papers for a minimum of two years following the completion of an audit. Management reports are maintained indefinitely. Timing - – CAT typically conducts post-funded new loan production audits on the following time frame: Segment Audit Procedure Timing Time Line (respective to loan close) 1 Capture funded loan data, analyze funded loan data and select audit samples. 3 working days following close of month 3rd day 2 Order and receive selected loan files from Records Management. 4 to 20 business days (following loan close) to receive requested files 4th - 45th day 3 Prepare and audit selected loans Audits completed within 45 days of the close. Audit period consists of approximately 20 business days 15th day - 45th day 4 Compile, review and finalize findings including any feedback or response from channel. 16th day - 55th day 55th day 5 Perform root cause analysis. Discuss root cause and preliminary result findings with BURMs. Root cause starts approximately the 16th day – 55th day Allowing a maximum of one week after all final feedback received from the origination channels 55th day 7 Prepare final report and distribute to channels and Bank management 60th day; allowing 5 days for report preparation 65th day 8 Management response due back 30 days following final report disbursement 90th day • PRICING TERMS: CAT is prepared to deliver the described services at the following fees: Description of Service Cost per File Loan file audits and reporting $95 per file reviewed* High cost test calculator Incorporated into overall cost Special Investigations Negotiated as required Special Projects and Reported Negotiated as required * The cost per file is determined using a blend of in-house and outsourced audits as well as administration costs.day

Quality Control Compliance. On a monthly basis Compliance Audit & Testing (CAT) selects a sample of loans to audit from the total population of funded loans from the previous month for each origination channel. CAT employs a statistical sampling model that provides a 95% confidence level that findings inferred to the overall population are accurate to a 2% margin of error over a 12-month period. In addition to the statistical sample, CAT makes additional targeted discretionary loan selections to address identified trends or other high risk areas. CAT will include a targeted discretionary sample of loans sold to GMAC bank within the overall sample of loans for each origination channel. Technology - – CAT employs an audit software application to sample loans, record and track findings, and report audit results. Cogent Economics Audit Software, marketed by Cogent Economics, meets the requirements for statistical sampling, result tracking and reporting for loans tested by the US Residential Finance Group located in Horsham, PA. Loans tested, tracked and reported by the audit team in Minneapolis, MN utilize an MS Access database. Audit Procedures - – Closed loan post-funding review, performed by CAT, includes testing for completeness, accuracy, and validity of the compliance documentation and data and accuracy of information relied upon throughout the transaction of the loan. Processes and controls are tested during audit period with any identified gaps noted for management response and action plan identification. The Compliance testing processes used to confirm first and second mortgages are in compliance with all federal and state laws and regulations, including any applicable agency or investor requirements, policies and procedures as well as fraud detection. Audit Exception Follow Up - – On a weekly basis, CAT reports significant audit findings to the appropriate origination channels for feedback and follow up. All business units typically have 30 days to respond (or until end of audit period which is generally 20 business days) to the findings. Once responses are received, they are evaluated with any resolved items being noted. Audit findings with no response after 30 days are considered as concurrence with the findings. Reporting - – CAT issues monthly management reports to report overall audit results for each origination channel within 60 days of the end of a production month. CAT will prepare a special report for GMAC Bank to report findings from all origination channel audits of loans sold to GMAC Bank. Record Retention - – Quality Control maintains audit work papers for a minimum of two years following the completion of an audit. Management reports are maintained indefinitely. Timing - – CAT typically conducts post-funded new loan production audits on the following time frame: Segment Audit Procedure Timing Time Line (respective to loan close) 1 Capture funded loan data, analyze funded loan data and select audit samples. 3 working days following close of month 3rd day 2 Order and receive selected loan files from Records Management. 4 to 20 business days (following loan close) to receive requested files 4th - 45th day 3 Prepare and audit selected loans Audits completed within 45 days of the close. Audit period consists of approximately 20 business days 15th day - 45th day 4 Compile, review and finalize findings including any feedback or response from channel. 16th day - 55th day 55th day 5 Perform root cause analysis. Discuss root cause and preliminary result findings with BURMs. Root cause starts approximately the 16th day – - 55th day Allowing a maximum of one week after all final feedback received from the origination channels 55th day 7 Prepare final report and distribute to channels and Bank management 60th day; allowing 5 days for report preparation 65th day 8 Management response due back 30 days following final report disbursement 90th day • PRICING TERMS: CAT is prepared to deliver the described services at the following fees: Description of Service Cost per File Loan file audits and reporting $95 per file reviewed* High cost test calculator Incorporated into overall cost Special Investigations Negotiated as required Special Projects and Reported Negotiated as required * The cost per file is determined using a blend of in-house and outsourced audits as well as administration costs.day