Marlin Mortgage Capital, LLC (“Marlin”) was created to serve as a clearing platform (the PLATFORM) for buying and selling residential Mortgage Servicing Rights (“MSR”). The PLATFORM provides investors with the virtual access to the skills and tools required to own the MSR asset, while minimizing the operational liabilities associated with ownership, control, and regulatory compliance. Marlin will enter into various subservicing agreements with best in class Bank and Non-Bank operators, thereby insulating investors from most operating liabilities. Instead, Marlin will manage all regulatory compliance oversite required by the state and federal servicing guidelines using internal resources and certain third-party vendors. Marlin expects its subservicing vendors will have mortgage origination capabilities, further enhancing the customer retention efforts thus providing a natural hedge for investors during various interest rate environments.