Quontic Overview

2. E:
M: 646-915-1194
Kmosesi@quonticbank.com
Karolin Mosesi

3. Agenda
1. Who is Quontic
2. Our Non-QM Portfolio Marketplace
3. Income/Employment and Asset Verification –
The Quontic Way
4. Portfolio Product Overview and Matrix

4. Who Is Quontic Bank?
Quontic is a Federally Chartered Savings Bank headquartered in NYC
We have preemption from state licensing requirements and lend in all 50 states. Broker
Company and Loan Officer must be licensed in the subject property state.
We are the Adaptive Digital Bank
Our transformed digital banking approach adapts to the diversity of circumstances that
exist in our customers’ lives while providing innovative deposit and mortgage products to
elevate their financial strength and borrowing ability.
We are a Community Development Financial Institution (CDFI)
What does this mean: Our focus is to serve the underbanked, especially in light of the
restrictions created by Dodd-Frank. We focus on lending to low-income, self-employed,
immigrants and entrepreneurs.

5. Why the Need for Quontic’s
Portfolio Products?
According to the FDIC, approximately 27% of American workers will have a difficult
time qualifying for a mortgage due to Dodd Frank’s technical and burdensome
income documentation requirements. This includes:
• Self-employed people with volatile income or non-recurring expenses.
• People working more than one job.
• People who earn commissions, tips and other hard to document sources of
income.
• People who pool resources to invest in real estate.
• People whose current income is rising but lack a sufficient historical income
average.
DEMOGRAPHICS OF TODAY’S BORROWERS CONTINUE TO EVOLVE.

6. Income/Employment Verification – The Quontic Way
• No income stated/No DTI reflected
• No income documentation required
• Employment verified with a Quontic
VOE (employment only; for salary/wage
earners) or Accountant/Tax Preparer’s
letter (for self-employed borrowers)
No Ratio
• Self-employed: Borrower Prepared 12
month P&L and CPA letter verifying 2
years self employment
• Salary/Wage Earner: Quontic
VOE verifying current income and
employment
• No tax returns, W2s or pay-stubs
required
Lite Doc
• Property gross rental income minus
Taxes & Insurance and any association
fees. Must be equal or greater than the
Principal and Interest
Debt Service Coverage Ratio
(DSCR)

7. Asset Verification – The Quontic Way
• One month bank statement covering 30
days (all pages)
• Deposits > 10,000 must be sourced and
explained
• Business funds allowed with Accountant/
CPA letter stating no negative impact
• No Minimum Borrower contribution.
100% Gift OK
• On Cash-Out Refinances, loan proceeds
may be applied towards reserve
requirements
• Copy of Canceled Check from Borrower(s)
account –No corresponding statement
required
• Bank or Certified Check and
Corresponding Bank Statement
• Less than or equal to $500,000 = 3 months’
PITIA
• $500,001 - $1,000,000 = 6 months’ PITIA
• More than $1,000,000 = 12 months’ PITIA
• Deposits clearly indicating that they came
from another depository institution titled
to borrower do not require sourcing or
explanation
Funds to Close/Closing Costs
and Reserves
Down Payment/Earnest Money
Deposit
Reserve Requirements based on
Loan Amount
Bank-to-Bank Transfers

8. Quontic Portfolio
Product Overview
No Ratio
• Max Loan Amount $2,500,000
• Minimum FICO 700
• Max LTV 60%
Lite Doc
• Max Loan Amount $2,500,000
• Minimum FICO 680
• Max LTV 75%
• Max DTI 50%
Owner Occupied
• 1-4 Family, PUD, Condo & Co-ops
(Warrantable and Non Warrantable)
• 15/30 Year Fixed, 5/1 ARM and 7/1 ARM
• Interest-Only Options available for all terms
except 15-Year Fixed
• See guidelines for full product details
Lite Doc
• Max Loan Amount $2,000,000
• Minimum FICO 680
• Max LTV 75%
• Max DTI 50%
• Property need not have positive
cash flow
DSCR
• Max Loan Amount $1,500,000
• Minimum FICO 700
• Max LTV 70%
• Qualify using property min 1.00
DSCR
Investor

9. LTV Matrix | Owner Occupied - No Ratio
1-4 FAMILY, CONDOS, and CO-OPs
OCCUPANCY MAXIMUM LOAN AMOUNT LTV & CLTV
MINIMUM CREDIT SCORE
(See Notes)
Primary Residence
PURCHASE & RATE/TERM REFINANCE
$100,000 - $2,000,000 60% 700
$2,000,001 - $2,500,000 55% 700
CASH OUT REFINANCE (no restriction on cash out)
$100,000 - $2,000,000 55% 700
$2,000,001 - $2,500,000 50% 700
Second / Vacation Homes
PURCHASE & RATE/TERM REFINANCE
$100,000 - $2,000,000 50% 700
Notes
• For LTVs to 75%, refer to the Owner-Occupied – Lite Doc guidelines.
• Second Homes: 2-4 Unit Properties are Ineligible
• 3-4 Unit Properties: Purchase & R/T: Max 70% LTV
• Executed QB No-Forbearance Attestation is required.

10. LTV Matrix | Owner Occupied - Lite Doc
1-4 FAMILY, CONDOS, and CO-OPs
OCCUPANCY MAXIMUM LOAN AMOUNT LTV & CLTV MINIMUM CREDIT SCORE (See Notes)
Primary Residence
PURCHASE & RATE/TERM REFINANCE
$100,000 - $1,000,000 75% 720
$100,000 - $1,500,000 70% 700
$100,000 - $2,000,000 65% 680
$2,000,001 - $2,500,000 60% 700
CASH OUT REFINANCE (no restriction on cash out)
$100,000 - $1,000,000 65% 700
$1,000,001 - $1,500,000 60% 700
$100,000 - $2,000,000 55% 680
Second or Vacation Home
PURCHASE & RATE/TERM REFINANCE
$100,000 - $1,000,000 65% 700
$1,000,0001- $1,500,000 60% 700
CASH OUT REFINANCE (no restriction on cash out)
$100,000 - $1,500,000 55% 700
Notes
• Income: 12 Month Income & Expense Statement or QB VOE.
• Second Homes: 2-4 Unit Properties are Ineligible
• 3-4 Unit Properties: Purchase & R/T: Max 70% LTV
• Non-Warrantable Projects: Max 65% LTV
• Executed QB No-Forbearance Attestation is required.

11. Owner Occupied
Portfolio Products
No Ratio
Wage Earner
• Quontic requested written VOE affirming 2 year work history (No Income Verified)
• Employed by family owned business – VOE to be completed by the business’s Accountant or Tax Preparer
Self Employed
• Accountant or Tax Preparer’s letter affirming borrower’s position, ownership percentage, business inception
date > 2 years, and no material COVID-19 impact on ability to make mortgage payments.
• Accountant/Tax Preparer must have a valid PTIN
Lite Doc – Max DTI 50%
Wage Earner
• Quontic requested written VOE affirming 2 year work history and current income
• Employed by family owned business – VOE to be completed by the business’s Accountant or Tax Preparer
Self Employed
• 12 month borrower prepared Income & Expense Statement
• Accountant or Tax Preparer’s letter affirming borrower’s position, ownership percentage, business inception
date > 2 years, and no material COVID-19 impact on ability to make mortgage payments.
• Accountant/Tax Preparer must have a valid PTIN
2-4 Family Properties
• 75% of the non-owner-occupied units’ gross rent may be added to borrower’s total qualifying income (lower
of market rents per appraisal or actual lease rents).
No Ratio & Lite Doc
Employment/Income Verification

12. LTV Matrix | Investor Lite Doc
1-4 FAMILY and CONDOS
OCCUPANCY MAXIMUM LOAN AMOUNT LTV & CLTV MINIMUM CREDIT SCORE (See Notes)
Non-Owner Occupied
PURCHASE & RATE/TERM REFINANCE
$100,000 - $1,000,000 75% 720
$100,000 - $1,000,000 70% 700
$2,000,001 - $1,500,000 65% 680
$1,500,001 - $2,000,000 65% 700
CASH OUT REFINANCE (no restriction on cash out)
$100,000 - $1,000,000 60% 700
$1,000,001 - $1,500,000 55% 700
$100,000 - $1,500,000 50% 680
Notes
• Income: 12 Month Income & Expense Statement or QB VOE.
• Non-Warrantable Projects: Max 65% LTV
• An executed QB No-Forbearance Attestation is required prior to closing.
v

13. Investor Portfolio
Product
Lite Doc – Max DTI 50%
Wage Earner
• Quontic requested written VOE affirming 2 year work history and current income
• Employed by family owned business – VOE to be completed by the business’sAccountant
or Tax Preparer
Self Employed
• 12 month borrower prepared Income & Expense Statement
• Accountant or Tax Preparer’s letter affirming borrower’s position, ownership percentage,
business inception date > 2 years, and no material COVID-19 impact on ability to make
mortgage payments
• Accountant/Tax Preparer must have a valid PTIN
Additional Reserve Requirements
• For Borrowers who own other financed investment properties, additional 2 months of
PITIA reserves for each of those properties.
Lite Doc

14. LTV Matrix | Investor DSCR
1-4 FAMILY and CONDOS
OCCUPANCY MAXIMUM LOAN AMOUNT LTV & CLTV MINIMUM CREDIT SCORE (See Notes)
Non-Owner Occupied
PURCHASE & RATE/TERM REFINANCE
$100,000 - $1,000,000 70% 720
$100,000 - $1,000,000 65% 700
$1,000,001 - $1,500,000 60% 700
CASH OUT REFINANCE (no restriction on cash out)
$100,000 - $2,000,000 70% 700
$100,000 - $2,000,000 65% 680
Notes
• Non-Warrantable Projects: Max 65% LTV
• An executed QB No-Forbearance Attestation is required prior to closing.

15. Investor DSCR
Portfolio Product
Income Verification
• Qualify using property min 1.00 DSCR
• No income stated on 1003
• No DTI Ratio calculated