Homestead Funding Corp

We are in receipt of a complaint from your organization regarding the above mentioned transactionPlease accept this as our formal responseWe performed an internal investigation and communicated with our Customer Service team regarding the transactionWe believe that we performed the appropriate due diligence when vetting the borrower's contractorThe appropriate general liability coverage was in place and the contractor satisfied all other requirements associated with a 203(k) contractorHomestead Funding, as an organization, does not require our borrower(s) use a particular contractor(s)This gives the borrower(s) the freedom to work with whomever they choose, with the exception of relatives and employersThe contractor must provide their insurance evidencing a minimum of $1,000,in general liability coverage, an acceptable resume and executed Homeowner/Contractor AgreementWe do not take responsibility for the coverage items contained within the contractor's general liability policyThank you for your attention to this matterSincerely, Jane BSenior Executive Vice President of Operations Homestead Funding Corp

We are in receipt of a complaint from your organization regarding the above mentioned transaction. Please accept this as our formal response. We performed an internal investigation and communicated with our Customer Service team regarding the transaction. We believe that we performed the appropriate...

due diligence when vetting the borrower's contractor. The appropriate general liability coverage was in place and the contractor satisfied all other requirements associated with a 203(k) contractor. Homestead Funding, as an organization, does not require our borrower(s) use a particular contractor(s). This gives the borrower(s) the freedom to work with whomever they choose, with the exception of relatives and employers. The contractor must provide their insurance evidencing a minimum of $1,000,000.00 in general liability coverage, an acceptable resume and executed Homeowner/Contractor Agreement. We do not take responsibility for the coverage items contained within the contractor's general liability policy. Thank you for your attention to this matter. Sincerely, Jane B. Senior Executive Vice President of Operations Homestead Funding Corp.