UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM ABS-15G

ASSET-BACKED SECURITIZER REPORT
PURSUANT TO SECTION 15G OF THE
SECURITIES EXCHANGE ACT OF 1934

 

 

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

 

         Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period

 

                              to                              

 

Date of Report (Date of earliest event reported)                              

 

Commission File Number of securitizer:                              

 

Central Index Key Number of securitizer:                               

 

 
Name and telephone number, including area code,
of the person to contact in connection with this filing.

 

 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [  ]

 

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [  ]

 

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [  ]

 

   X   Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001913984 (PMIT Residential Funding V LLC)

 

BRAVO Residential Funding Trust 2022-NQM2
(Exact name of issuing entity as specified in its charter)

 

Central Index Key Number of issuing entity (if applicable):

Central Index Key Number of underwriter (if applicable):

 

Kenton T. Smith, Authorized Person, 949-720-6652
Name and telephone number, including area code,
of the person to contact in connection with this filing

 

   

 

INFORMATION TO BE INCLUDED IN THE REPORT:

 

Item 2.01.        Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

 

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as an Exhibit to this Form ABS-15G. Please see Item 3, Exhibits 99.1, 99.2, 99.3, 99.4, 99.5, 99.6 and 99.7 for the related information.

 

Item 3.        Exhibits

 

99.1    Disclosures required by Rule 15Ga-2 for Mortgage Connect, LP

 

Schedule 1— Narrative

Schedule 2— Title Lien Report

Schedule 3— DQ Tax Report

 

99.2     Disclosures required by Rule 15Ga-2 for Clayton Services LLC

 

Schedule 1— Narrative

Schedule 2— Conditions Report — Conditions Summary

Schedule 3— Conditions Report — Conditions Detail

Schedule 4— Conditions Report — Loan Grades

Schedule 5— Loan Level Tape Compare

Schedule 6— Non ATR QM Upload

Schedule 7— Rating Agency ATR QM Data Field

Schedule 8— Valuations Report

Schedule 9— Waived Conditions

 

99.3     Disclosures required by Rule 15Ga-2 for Consolidated Analytics, Inc.

 

Schedule 1— Narrative

Schedule 2— Securitization Report Suite – Loan Level Exceptions

Schedule 3— Securitization Report Suite – Exception Standard

Schedule 4— Securitization Report Suite – Valuation Securitization Report

Schedule 5— Securitization Report Suite – Securitization Ag

Schedule 6— Securitization Report Suite – Data Compare Report

Schedule 7— Securitization Report Suite – Non QM

 

99.4     Disclosures required by Rule 15Ga-2 for Recovco Mortgage Management, LLC

 

Schedule 1— Narrative

Schedule 2— Securitization Report Suite (Loanstream) – Rating Agency Grades

Schedule 3— Securitization Report Suite (Loanstream) – Loan Level Exceptions

Schedule 4— Securitization Report Suite (Loanstream) – Exception Level

Schedule 5— Securitization Report Suite (Loanstream) – Valuations Report

Schedule 6— Securitization Report Suite (Loanstream) – Data Comparison

Schedule 7— Securitization Report Suite (Loanstream) – Supplemental Data

Schedule 8— Securitization Report Suite (Loanstream) – QM ATR

Schedule 9— Securitization Report Suite (Loanstream) – Business Purpose

Schedule 10— Securitization Report Suite (Velocity) – Rating Agency Grades

Schedule 11— Securitization Report Suite (Velocity) – Loan Level Exceptions

Schedule 12— Securitization Report Suite (Velocity) – Exception Level

Schedule 13— Securitization Report Suite (Velocity) – Valuations Report

Schedule 14— Securitization Report Suite (Velocity) – Data Comparison

Schedule 15— Securitization Report Suite (Velocity) – Supplemental Data

Schedule 16— Securitization Report Suite (Velocity) – QM ATR

Schedule 17— Securitization Report Suite (Velocity) – Business Purpose

   

 

 

 

99.5       Disclosures required by Rule 15Ga-2 for Selene Diligence LLC

 

Schedule 1— Narrative

Schedule 2— Rating Agency Grades

Schedule 3— Standard Findings Report

Schedule 4— Valuations Report

Schedule 5— Supplemental Data Extract

Schedule 6— Business Purpose Supplemental Data

Schedule 7— Data Compare Report

 

 

99.6       Disclosures required by Rule 15Ga-2 for AMC Diligence, LLC

 

Schedule 1— Narrative

Schedule 2— Credit Comp Securitization Reports – Loan Level Exceptions

Schedule 3— Credit Comp Securitization Reports – Exception Grades

Schedule 4— Credit Comp Securitization Reports – Valuation Summary

Schedule 5— Credit Comp Securitization Reports – Business Purpose

Schedule 6— Credit Comp Securitization Reports – Data Compare Summary

Schedule 7— Lease Securitization Reports – Loan Level Exceptions

Schedule 8— Lease Securitization Reports – Exception Grades

Schedule 9— Lease Securitization Reports – Valuation Summary

Schedule 10— Lease Securitization Reports – Business Purpose

Schedule 11— Lease Securitization Reports – Data Compare Summary

Schedule 12— TIGRE Results – Event Status Extract

Schedule 13— TIGRE Results – Exception Standard Report

Schedule 14— TIGRE Results – Rating Agency Compliance

Schedule 15— TIGRE Results – UW Compliance

 

99.7       Disclosures required by Rule 15Ga-2 for Edge Mortgage Advisory Company LLC

 

Schedule 1— Narrative

Schedule 2— Securitization Report Suite – Exception Report

Schedule 3— Securitization Report Suite – Exception Report - Loan

Schedule 4— Securitization Report Suite – Rating Agency Grades

Schedule 5— Securitization Report Suite – Supplemental Data

Schedule 6— Securitization Report Suite – QM ATR

Schedule 7— Securitization Report Suite – Final Tape Compare Report

Schedule 8— Securitization Report Suite – Valuation Summary Report

 

 

 

   

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 17, 2022

  PMIT Residential Funding V LLC
      (Securitizer)
     
  By: /s/ Kenton T. Smith
    Name:  Kenton T. Smith
    Title:    Authorized Person

 

 

   

 

 

EXHIBIT INDEX

 

Exhibit Number

 

99.1    Disclosures required by Rule 15Ga-2 for Mortgage Connect, LP

 

Schedule 1— Narrative

Schedule 2— Title Lien Report

Schedule 3— DQ Tax Report

 

99.2     Disclosures required by Rule 15Ga-2 for Clayton Services LLC

 

Schedule 1— Narrative

Schedule 2— Conditions Report — Conditions Summary

Schedule 3— Conditions Report — Conditions Detail

Schedule 4— Conditions Report — Loan Grades

Schedule 5— Loan Level Tape Compare

Schedule 6— Non ATR QM Upload

Schedule 7— Rating Agency ATR QM Data Field

Schedule 8— Valuations Report

Schedule 9— Waived Conditions

 

99.3     Disclosures required by Rule 15Ga-2 for Consolidated Analytics, Inc.

 

Schedule 1— Narrative

Schedule 2— Securitization Report Suite – Loan Level Exceptions

Schedule 3— Securitization Report Suite – Exception Standard

Schedule 4— Securitization Report Suite – Valuation Securitization Report

Schedule 5— Securitization Report Suite – Securitization Ag

Schedule 6— Securitization Report Suite – Data Compare Report

Schedule 7— Securitization Report Suite – Non QM

 

99.4     Disclosures required by Rule 15Ga-2 for Recovco Mortgage Management, LLC

 

Schedule 1— Narrative

Schedule 2— Securitization Report Suite (Loanstream) – Rating Agency Grades

Schedule 3— Securitization Report Suite (Loanstream) – Loan Level Exceptions

Schedule 4— Securitization Report Suite (Loanstream) – Exception Level

Schedule 5— Securitization Report Suite (Loanstream) – Valuations Report

Schedule 6— Securitization Report Suite (Loanstream) – Data Comparison

Schedule 7— Securitization Report Suite (Loanstream) – Supplemental Data

Schedule 8— Securitization Report Suite (Loanstream) – QM ATR

Schedule 9— Securitization Report Suite (Loanstream) – Business Purpose

Schedule 10— Securitization Report Suite (Velocity) – Rating Agency Grades

Schedule 11— Securitization Report Suite (Velocity) – Loan Level Exceptions

Schedule 12— Securitization Report Suite (Velocity) – Exception Level

Schedule 13— Securitization Report Suite (Velocity) – Valuations Report

Schedule 14— Securitization Report Suite (Velocity) – Data Comparison

Schedule 15— Securitization Report Suite (Velocity) – Supplemental Data

Schedule 16— Securitization Report Suite (Velocity) – QM ATR

Schedule 17— Securitization Report Suite (Velocity) – Business Purpose

 

   

 

99.5       Disclosures required by Rule 15Ga-2 for Selene Diligence LLC

 

Schedule 1— Narrative

Schedule 2— Rating Agency Grades

Schedule 3— Standard Findings Report

Schedule 4— Valuations Report

Schedule 5— Supplemental Data Extract

Schedule 6— Business Purpose Supplemental Data

Schedule 7— Data Compare Report

 

 

99.6       Disclosures required by Rule 15Ga-2 for AMC Diligence, LLC

 

Schedule 1— Narrative

Schedule 2— Credit Comp Securitization Reports – Loan Level Exceptions

Schedule 3— Credit Comp Securitization Reports – Exception Grades

Schedule 4— Credit Comp Securitization Reports – Valuation Summary

Schedule 5— Credit Comp Securitization Reports – Business Purpose

Schedule 6— Credit Comp Securitization Reports – Data Compare Summary

Schedule 7— Lease Securitization Reports – Loan Level Exceptions

Schedule 8— Lease Securitization Reports – Exception Grades

Schedule 9— Lease Securitization Reports – Valuation Summary

Schedule 10— Lease Securitization Reports – Business Purpose

Schedule 11— Lease Securitization Reports – Data Compare Summary

Schedule 12— TIGRE Results – Event Status Extract

Schedule 13— TIGRE Results – Exception Standard Report

Schedule 14— TIGRE Results – Rating Agency Compliance

Schedule 15— TIGRE Results – UW Compliance

 

99.7       Disclosures required by Rule 15Ga-2 for Edge Mortgage Advisory Company LLC

 

Schedule 1— Narrative

Schedule 2— Securitization Report Suite – Exception Report

Schedule 3— Securitization Report Suite – Exception Report - Loan

Schedule 4— Securitization Report Suite – Rating Agency Grades

Schedule 5— Securitization Report Suite – Supplemental Data

Schedule 6— Securitization Report Suite – QM ATR

Schedule 7— Securitization Report Suite – Final Tape Compare Report

Schedule 8— Securitization Report Suite – Valuation Summary Report

 

 

   


Exhibit 99.1 

 

 

 

Item #4 Form ABS Due Diligence 15E
Item #5 Form ABS Due Diligence 15E

 

To Whom It May Concern:

 

Mortgage Connect, LP (“Mortgage Connect”) was engaged by Loan Funding Structure LLC as diligence agent to provide title reports for a population of 353 mortgage loans. Mortgage Connect, in order to provide said reports, completed a detailed land records search on each asset to obtain all of the following information as it pertains to the ownership & encumbrance of each residential asset pledged as security:

 

Vesting Information

Transfer/Conveyance Information

Mortgage Information

Judgment/Lien Information

Additional Recorded Document Information

Bankruptcy Information

Legal Description

 

Provided with each title report was a summary of all aforementioned information, recorded copies of all pertinent documents, and an Excel data file with all property report data output information.

 

The assets reviewed in this population of 353 mortgage loans were all residential single-family & multi-family homes.

 

Mortgage Connect completed a review of the 353 title reports to identify potential liens/judgments that may exists affecting each mortgage loan’s first lien status, as well as liens/judgments recorded post-origination. With respect to these 353 mortgage loans:

 

1.As set forth in the title reports, the subject mortgage is recorded in the appropriate recording jurisdiction.

 

2.As set forth in the title search reports, the subject mortgage is in 1st lien position, with the exception of:

 

a.43 mortgage loans for which potentially superior pre-origination mortgage and non-mortgage liens were found of record. For those loans, the total amount of such potentially superior pre-origination mortgage and non-mortgage liens is $2,697,420.52. For these same loans Mortgage Connect was unable to review the origination title policies to confirm there were exceptions to the prior mortgage liens.

b.1 mortgage loan for which the recorded mortgage was satisfied or released of record.

3.As set forth in the title search reports:

a.0 mortgage loans in a Super Lien state with a potentially superior, post-origination lien/judgment. The total amount of such potentially superior post-origination HOA lien is $0.00.

b.3 mortgage loans with a potentially superior, post-origination Municipal lien. The total amount of such potentially superior post-origination lien/judgment is $5,253.14.

c.6 mortgage loans with a potentially superior delinquent tax amount. The total amount of such potentially superior delinquent taxes is $3,116.66.

 

Thank You,

 

Mortgage Connect, LP

 

By: _________________________

Date: ________________________

Name: Brian Frye

Title: President, Servicing and Capital Markets

 

Mortgage Connect | 260 Airside Dr | Moon Township | Pennsylvania | 15108 | P: 866-789-1814 | F: 866-789-1845 | mortgageconnectlp.com 

 


 

Unique ID Loan ID Deal ID Review Date Note Date Original Loan Amount State Expected MTG Lien Position MTG Lien Position MTG Released? Count of Pre-Origination MTG Liens Total Dollar Amount of Pre-Origination MTG Lien(s) Count of Pre-Origination Non-MTG Liens Total Dollar Amount of Pre-Origination Non-MTG Lien(s) Post-Origination Non-MTG Liens (Yes/No) Pre-origination Findings TPOL Reviewed? TPOL Exception to Pre-Origination MTG/Non-MTG Liens? Specific TPOL Exceptions Superlien State? (Yes/No) HOA Lien? Pre-Origination HOA Lien Amount Post- Origination HOA Amount Muni Lien? Pre-Origination Muni Amount Post- Origination  Muni Amount
22NQM2 - 1 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 10 N/A N/A 01/13/2022 N/A N/A GA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 11 N/A N/A 12/11/2021 N/A N/A NJ 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 116 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 117 N/A N/A 12/10/2021 N/A N/A IN 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N Yes XXXX XXXX No XXXX XXXX
22NQM2 - 118 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 119 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 12 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 120 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 121 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 122 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 123 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 124 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 125 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 126 N/A N/A 12/15/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 127 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 128 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 129 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 13 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 130 N/A N/A 01/27/2022 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 131 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 132 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 133 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 134 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 135 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 136 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 137 N/A N/A 12/10/2021 N/A N/A MA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 138 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 139 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 14 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 140 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 141 N/A N/A 12/07/2021 N/A N/A AZ 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 142 N/A N/A 12/07/2021 N/A N/A CA 1 5 No 0 XXXX 4 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 143 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 144 N/A N/A 12/10/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 145 N/A N/A 12/08/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 146 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 147 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 148 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 149 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 15 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 150 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 151 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 152 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 153 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 154 N/A N/A 12/14/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 155 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 156 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 157 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 158 N/A N/A 12/10/2021 N/A N/A IL 1 4 No 0 XXXX 3 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 159 N/A N/A 12/10/2021 N/A N/A MI 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 16 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 160 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 161 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 162 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 163 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 164 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 165 N/A N/A 12/10/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 166 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 167 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 168 N/A N/A 12/15/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 169 N/A N/A 12/10/2021 N/A N/A MA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 17 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 170 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 171 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 172 N/A N/A 01/13/2022 N/A N/A NY 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 173 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 174 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 175 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 176 N/A N/A 12/10/2021 N/A N/A MS 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 177 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 178 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 179 N/A N/A 12/08/2021 N/A N/A IL 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 18 N/A N/A 12/11/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 180 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 181 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 182 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 183 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 184 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 185 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 186 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 187 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 188 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 189 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 19 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 190 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 191 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 192 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 193 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 194 N/A N/A 12/13/2021 N/A N/A SC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 195 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 196 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 197 N/A N/A 12/13/2021 N/A N/A TX 1 3 No 1 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 198 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 199 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 2 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 20 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 200 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 201 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 202 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 203 N/A N/A 01/13/2022 N/A N/A CA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 204 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 205 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 206 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 207 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 208 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 209 N/A N/A 12/17/2021 N/A N/A WV 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 21 N/A N/A 01/13/2022 N/A N/A FL 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 210 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 211 N/A N/A 12/15/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 212 N/A N/A 12/11/2021 N/A N/A NY 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 213 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 22 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 23 N/A N/A 12/10/2021 N/A N/A IN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 24 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 25 N/A N/A 12/11/2021 N/A N/A OK 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 26 N/A N/A 12/06/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 27 N/A N/A 12/10/2021 N/A N/A MD 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 28 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 29 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 293 N/A N/A 12/06/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 294 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 295 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 296 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 297 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 298 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 299 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 3 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 30 N/A N/A 12/06/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 300 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 301 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 302 N/A N/A 12/12/2021 N/A N/A WA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 303 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 304 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 305 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 306 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 307 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 308 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 309 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 31 N/A N/A 12/06/2021 N/A N/A MD 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 310 N/A N/A 01/13/2022 N/A N/A CT 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 311 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 312 N/A N/A 12/15/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 313 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 314 N/A N/A 12/11/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 315 N/A N/A 12/12/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 316 N/A N/A 12/10/2021 N/A N/A NJ 1 7 No 0 XXXX 5 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX Yes XXXX XXXX
22NQM2 - 317 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 318 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 319 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 32 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 320 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 321 N/A N/A 12/10/2021 N/A N/A OH 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 322 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 323 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 324 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 325 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 326 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 327 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 328 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 329 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 33 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 330 N/A N/A 12/08/2021 N/A N/A FL 1 13 No 2 XXXX 10 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 331 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 332 N/A N/A 01/10/2022 N/A N/A FL 1 6 No 0 XXXX 5 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y Yes XXXX XXXX No XXXX XXXX
22NQM2 - 333 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 334 N/A N/A 01/13/2022 N/A N/A FL 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 335 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 336 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 337 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 338 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 339 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 34 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 340 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 341 N/A N/A 12/08/2021 N/A N/A AL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 342 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 343 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 344 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 345 N/A N/A 12/10/2021 N/A N/A GA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 346 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 347 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 348 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 349 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 35 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 350 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 351 N/A N/A 12/06/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 352 N/A N/A 01/10/2022 N/A N/A RI 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 353 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 354 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 355 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 356 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 357 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 358 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 359 N/A N/A 12/12/2021 N/A N/A NY 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 36 N/A N/A 12/11/2021 N/A N/A TN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 360 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 361 N/A N/A 12/13/2021 N/A N/A NY 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 362 N/A N/A 12/10/2021 N/A N/A GA 1 4 No 0 XXXX 2 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX Yes XXXX XXXX
22NQM2 - 363 N/A N/A 12/10/2021 N/A N/A NV 1 5 No 0 XXXX 4 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 364 N/A N/A 12/10/2021 N/A N/A NV 1 7 No 0 XXXX 6 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 365 N/A N/A 12/10/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 366 N/A N/A 12/08/2021 N/A N/A CA 1 5 No 0 XXXX 4 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 367 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 368 N/A N/A 12/10/2021 N/A N/A NH 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 369 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 37 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 370 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 371 N/A N/A 12/13/2021 N/A N/A NJ 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 372 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 373 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 374 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 375 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 376 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 377 N/A N/A 12/09/2021 N/A N/A FL 1 3 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX Yes XXXX XXXX
22NQM2 - 378 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 379 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 38 N/A N/A 12/07/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 380 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 381 N/A N/A 12/07/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 382 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 383 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 384 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 385 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 386 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 387 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 388 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 389 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 39 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 390 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 391 N/A N/A 12/08/2021 N/A N/A CA 1 7 No 1 XXXX 5 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 392 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 393 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 394 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 395 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 396 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 398 N/A N/A 12/10/2021 N/A N/A NE 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 399 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 4 N/A N/A 12/06/2021 N/A N/A CA 1 Subject Mortgage Released Yes 0 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 40 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 400 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 401 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 41 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 42 N/A N/A 12/10/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 43 N/A N/A 12/11/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 44 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 45 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 46 N/A N/A 12/06/2021 N/A N/A OR 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 47 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 48 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 49 N/A N/A 01/13/2022 N/A N/A CA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 5 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 50 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 504 N/A N/A 12/07/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 505 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 506 N/A N/A 12/10/2021 N/A N/A MI 1 3 No 2 XXXX 0 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 507 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 508 N/A N/A 12/15/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 509 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 51 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 510 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 511 N/A N/A 12/06/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 512 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 513 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 514 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 515 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 516 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 517 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 518 N/A N/A 12/13/2021 N/A N/A TX 1 3 No 1 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX Yes XXXX XXXX
22NQM2 - 519 N/A N/A 12/10/2021 N/A N/A LA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 52 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 520 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 521 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 522 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 523 N/A N/A 12/14/2021 N/A N/A RI 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 524 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 525 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 526 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 527 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 528 N/A N/A 12/10/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 529 N/A N/A 12/10/2021 N/A N/A IN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 53 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 530 N/A N/A 12/13/2021 N/A N/A OK 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 531 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 532 N/A N/A 12/10/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 533 N/A N/A 12/13/2021 N/A N/A TN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 534 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 535 N/A N/A 12/10/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 536 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 537 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 538 N/A N/A 12/13/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 539 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 54 N/A N/A 12/09/2021 N/A N/A FL 1 12 No 1 XXXX 10 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 540 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 541 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 542 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 543 N/A N/A 12/07/2021 N/A N/A DE 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 544 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 545 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 546 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 547 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 548 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 549 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 55 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 550 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 551 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 552 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 553 N/A N/A 12/15/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 554 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 555 N/A N/A 12/06/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 556 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 557 N/A N/A 12/10/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 56 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 57 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 58 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 59 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 6 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 60 N/A N/A 12/10/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 61 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 62 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 63 N/A N/A 12/06/2021 N/A N/A CO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 64 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 65 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 66 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 67 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 68 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 69 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 7 N/A N/A 12/08/2021 N/A N/A FL 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y Yes XXXX XXXX No XXXX XXXX
22NQM2 - 70 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 71 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 72 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 73 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 74 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 75 N/A N/A 12/12/2021 N/A N/A WA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 76 N/A N/A 12/10/2021 N/A N/A MD 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 77 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 78 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 79 N/A N/A 12/12/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 8 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 80 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 81 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 82 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 83 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 84 N/A N/A 12/13/2021 N/A N/A OH 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 85 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 86 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 87 N/A N/A 12/13/2021 N/A N/A WI 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 88 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 89 N/A N/A 12/10/2021 N/A N/A MD 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 9 N/A N/A 12/06/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 90 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 95 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 96 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 97 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX

 

   

 

Unique ID Loan ID Deal ID Review Date Note Date Original Loan Amount State Expected MTG Lien Position MTG Lien Position MTG Released? Count of Pre-Origination MTG Liens Total Dollar Amount of Pre-Origination MTG Lien(s) Count of Pre-Origination Non-MTG Liens Total Dollar Amount of Pre-Origination Non-MTG Lien(s) Post-Origination Non-MTG Liens (Yes/No) Pre-origination Findings TPOL Reviewed? TPOL Exception to Pre-Origination MTG/Non-MTG Liens? Specific TPOL Exceptions Superlien State? (Yes/No) HOA Lien? Pre-Origination HOA Lien Amount Post- Origination HOA Amount Muni Lien? Pre-Origination Muni Amount Post- Origination  Muni Amount
22NQM2 - 1 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 10 N/A N/A 01/13/2022 N/A N/A GA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 11 N/A N/A 12/11/2021 N/A N/A NJ 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 116 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 117 N/A N/A 12/10/2021 N/A N/A IN 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N Yes XXXX XXXX No XXXX XXXX
22NQM2 - 118 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 119 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 12 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 120 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 121 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 122 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 123 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 124 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 125 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 126 N/A N/A 12/15/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 127 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 128 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 129 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 13 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 130 N/A N/A 01/27/2022 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 131 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 132 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 133 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 134 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 135 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 136 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 137 N/A N/A 12/10/2021 N/A N/A MA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 138 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 139 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 14 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 140 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 141 N/A N/A 12/07/2021 N/A N/A AZ 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 142 N/A N/A 12/07/2021 N/A N/A CA 1 5 No 0 XXXX 4 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 143 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 144 N/A N/A 12/10/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 145 N/A N/A 12/08/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 146 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 147 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 148 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 149 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 15 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 150 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 151 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 152 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 153 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 154 N/A N/A 12/14/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 155 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 156 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 157 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 158 N/A N/A 12/10/2021 N/A N/A IL 1 4 No 0 XXXX 3 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 159 N/A N/A 12/10/2021 N/A N/A MI 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 16 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 160 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 161 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 162 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 163 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 164 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 165 N/A N/A 12/10/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 166 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 167 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 168 N/A N/A 12/15/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 169 N/A N/A 12/10/2021 N/A N/A MA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 17 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 170 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 171 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 172 N/A N/A 01/13/2022 N/A N/A NY 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 173 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 174 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 175 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 176 N/A N/A 12/10/2021 N/A N/A MS 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 177 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 178 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 179 N/A N/A 12/08/2021 N/A N/A IL 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 18 N/A N/A 12/11/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 180 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 181 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 182 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 183 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 184 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 185 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 186 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 187 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 188 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 189 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 19 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 190 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 191 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 192 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 193 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 194 N/A N/A 12/13/2021 N/A N/A SC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 195 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 196 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 197 N/A N/A 12/13/2021 N/A N/A TX 1 3 No 1 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 198 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 199 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 2 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 20 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 200 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 201 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 202 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 203 N/A N/A 01/13/2022 N/A N/A CA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 204 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 205 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 206 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 207 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 208 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 209 N/A N/A 12/17/2021 N/A N/A WV 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 21 N/A N/A 01/13/2022 N/A N/A FL 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 210 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 211 N/A N/A 12/15/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 212 N/A N/A 12/11/2021 N/A N/A NY 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 213 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 22 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 23 N/A N/A 12/10/2021 N/A N/A IN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 24 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 25 N/A N/A 12/11/2021 N/A N/A OK 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 26 N/A N/A 12/06/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 27 N/A N/A 12/10/2021 N/A N/A MD 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 28 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 29 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 293 N/A N/A 12/06/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 294 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 295 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 296 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 297 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 298 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 299 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 3 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 30 N/A N/A 12/06/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 300 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 301 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 302 N/A N/A 12/12/2021 N/A N/A WA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 303 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 304 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 305 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 306 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 307 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 308 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 309 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 31 N/A N/A 12/06/2021 N/A N/A MD 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 310 N/A N/A 01/13/2022 N/A N/A CT 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 311 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 312 N/A N/A 12/15/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 313 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 314 N/A N/A 12/11/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 315 N/A N/A 12/12/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 316 N/A N/A 12/10/2021 N/A N/A NJ 1 7 No 0 XXXX 5 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX Yes XXXX XXXX
22NQM2 - 317 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 318 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 319 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 32 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 320 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 321 N/A N/A 12/10/2021 N/A N/A OH 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 322 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 323 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 324 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 325 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 326 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 327 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 328 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 329 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 33 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 330 N/A N/A 12/08/2021 N/A N/A FL 1 13 No 2 XXXX 10 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 331 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 332 N/A N/A 01/10/2022 N/A N/A FL 1 6 No 0 XXXX 5 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y Yes XXXX XXXX No XXXX XXXX
22NQM2 - 333 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 334 N/A N/A 01/13/2022 N/A N/A FL 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 335 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 336 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 337 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 338 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 339 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 34 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 340 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 341 N/A N/A 12/08/2021 N/A N/A AL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 342 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 343 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 344 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 345 N/A N/A 12/10/2021 N/A N/A GA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 346 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 347 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 348 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 349 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 35 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 350 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 351 N/A N/A 12/06/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 352 N/A N/A 01/10/2022 N/A N/A RI 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 353 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 354 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 355 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 356 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 357 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 358 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 359 N/A N/A 12/12/2021 N/A N/A NY 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 36 N/A N/A 12/11/2021 N/A N/A TN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 360 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 361 N/A N/A 12/13/2021 N/A N/A NY 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 362 N/A N/A 12/10/2021 N/A N/A GA 1 4 No 0 XXXX 2 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX Yes XXXX XXXX
22NQM2 - 363 N/A N/A 12/10/2021 N/A N/A NV 1 5 No 0 XXXX 4 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 364 N/A N/A 12/10/2021 N/A N/A NV 1 7 No 0 XXXX 6 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 365 N/A N/A 12/10/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 366 N/A N/A 12/08/2021 N/A N/A CA 1 5 No 0 XXXX 4 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 367 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 368 N/A N/A 12/10/2021 N/A N/A NH 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 369 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 37 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 370 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 371 N/A N/A 12/13/2021 N/A N/A NJ 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 372 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 373 N/A N/A 12/08/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 374 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 375 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 376 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 377 N/A N/A 12/09/2021 N/A N/A FL 1 3 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX Yes XXXX XXXX
22NQM2 - 378 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 379 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 38 N/A N/A 12/07/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 380 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 381 N/A N/A 12/07/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 382 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 383 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 384 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 385 N/A N/A 12/11/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 386 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 387 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 388 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 389 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 39 N/A N/A 12/07/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 390 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 391 N/A N/A 12/08/2021 N/A N/A CA 1 7 No 1 XXXX 5 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 392 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 393 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 394 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 395 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 396 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 398 N/A N/A 12/10/2021 N/A N/A NE 1 2 No 1 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 399 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 4 N/A N/A 12/06/2021 N/A N/A CA 1 Subject Mortgage Released Yes 0 XXXX 0 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 40 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 400 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 401 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 41 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 42 N/A N/A 12/10/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 43 N/A N/A 12/11/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 44 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 45 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 46 N/A N/A 12/06/2021 N/A N/A OR 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 47 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 48 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 49 N/A N/A 01/13/2022 N/A N/A CA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 5 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 50 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 504 N/A N/A 12/07/2021 N/A N/A CA 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 505 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 506 N/A N/A 12/10/2021 N/A N/A MI 1 3 No 2 XXXX 0 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 507 N/A N/A 12/16/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 508 N/A N/A 12/15/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 509 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 51 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 510 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 511 N/A N/A 12/06/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 512 N/A N/A 12/10/2021 N/A N/A MO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 513 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 514 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 515 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 516 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 517 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 518 N/A N/A 12/13/2021 N/A N/A TX 1 3 No 1 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX Yes XXXX XXXX
22NQM2 - 519 N/A N/A 12/10/2021 N/A N/A LA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 52 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 520 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 521 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 522 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 523 N/A N/A 12/14/2021 N/A N/A RI 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 524 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 525 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 526 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 527 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 528 N/A N/A 12/10/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 529 N/A N/A 12/10/2021 N/A N/A IN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 53 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 530 N/A N/A 12/13/2021 N/A N/A OK 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 531 N/A N/A 12/10/2021 N/A N/A NV 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 532 N/A N/A 12/10/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 533 N/A N/A 12/13/2021 N/A N/A TN 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 534 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 535 N/A N/A 12/10/2021 N/A N/A MD 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 536 N/A N/A 12/09/2021 N/A N/A GA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 537 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 538 N/A N/A 12/13/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 539 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 54 N/A N/A 12/09/2021 N/A N/A FL 1 12 No 1 XXXX 10 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 540 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 541 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 542 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 543 N/A N/A 12/07/2021 N/A N/A DE 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 544 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 545 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 546 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 547 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 548 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 549 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 55 N/A N/A 12/10/2021 N/A N/A CT 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 550 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 551 N/A N/A 12/08/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 552 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 553 N/A N/A 12/15/2021 N/A N/A PA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 554 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 555 N/A N/A 12/06/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 556 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 557 N/A N/A 12/10/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 56 N/A N/A 12/08/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 57 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 58 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 59 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 6 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 60 N/A N/A 12/10/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 61 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 62 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 63 N/A N/A 12/06/2021 N/A N/A CO 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 64 N/A N/A 12/10/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 65 N/A N/A 12/07/2021 N/A N/A AZ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 66 N/A N/A 12/10/2021 N/A N/A NC 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 67 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 68 N/A N/A 12/12/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 69 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 7 N/A N/A 12/08/2021 N/A N/A FL 1 2 No 0 XXXX 1 XXXX Yes Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A Y Yes XXXX XXXX No XXXX XXXX
22NQM2 - 70 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 71 N/A N/A 12/10/2021 N/A N/A IL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 72 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 73 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 74 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 75 N/A N/A 12/12/2021 N/A N/A WA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 76 N/A N/A 12/10/2021 N/A N/A MD 1 2 No 0 XXXX 1 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 77 N/A N/A 12/06/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 78 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 79 N/A N/A 12/12/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 8 N/A N/A 12/10/2021 N/A N/A NJ 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 80 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 81 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 82 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 83 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 84 N/A N/A 12/13/2021 N/A N/A OH 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 85 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 86 N/A N/A 12/13/2021 N/A N/A TX 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 87 N/A N/A 12/13/2021 N/A N/A WI 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 88 N/A N/A 12/13/2021 N/A N/A NY 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 89 N/A N/A 12/10/2021 N/A N/A MD 1 3 No 0 XXXX 2 XXXX No Title Policy unavailable/deficient; does not confirm lien insured in expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 9 N/A N/A 12/06/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 90 N/A N/A 12/09/2021 N/A N/A FL 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A Y No XXXX XXXX No XXXX XXXX
22NQM2 - 95 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX Yes Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 96 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX
22NQM2 - 97 N/A N/A 12/07/2021 N/A N/A CA 1 1 No 0 XXXX 0 XXXX No Title/Lien Search confirms expected lien position No N/A N/A N No XXXX XXXX No XXXX XXXX

 

 
 
Unique ID Loan ID Portfolio ID Review Date Parcel ID Tax Cert Delinquency ? Delinquent Tax Amount Good Through Date
22NQM2 - 117 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 375 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 400 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 398 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 382 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 384 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 399 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 385 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 383 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 376 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 387 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 388 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 389 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 297 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 5 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 9 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 10 N/A N/A 01/13/2022 N/A No XXXX  
22NQM2 - 13 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 307 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 321 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 401 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 293 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 308 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 19 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 310 N/A N/A 01/13/2022 N/A No XXXX  
22NQM2 - 316 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 23 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 318 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 1 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 3 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 298 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 300 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 18 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 313 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 391 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 8 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 303 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 306 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 309 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 311 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 320 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 25 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 326 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 36 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 299 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 304 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 15 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 319 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 323 N/A N/A 12/16/2021 N/A No XXXX  
22NQM2 - 27 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 28 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 327 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 328 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 337 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 39 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 381 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 2 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 11 N/A N/A 12/11/2021 N/A Yes XXXX XXXX
22NQM2 - 12 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 20 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 314 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 22 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 37 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 344 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 41 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 43 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 390 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 315 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 340 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 296 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 17 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 331 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 335 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 32 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 35 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 342 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 350 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 45 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 48 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 116 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 386 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 7 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 305 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 21 N/A N/A 01/13/2022 N/A No XXXX  
22NQM2 - 317 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 33 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 34 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 42 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 348 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 351 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 392 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 302 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 16 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 325 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 330 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 332 N/A N/A 01/10/2022 N/A No XXXX  
22NQM2 - 338 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 341 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 345 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 56 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 359 N/A N/A 12/12/2021 N/A Yes XXXX XXXX
22NQM2 - 329 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 334 N/A N/A 01/13/2022 N/A No XXXX  
22NQM2 - 339 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 38 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 40 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 347 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 44 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 47 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 354 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 55 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 67 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 365 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 77 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 393 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 394 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 295 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 349 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 352 N/A N/A 01/10/2022 N/A No XXXX  
22NQM2 - 353 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 53 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 59 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 63 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 362 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 363 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 75 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 368 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 395 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 96 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 294 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 324 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 52 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 60 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 360 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 64 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 65 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 66 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 366 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 72 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 301 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 14 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 51 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 58 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 68 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 364 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 71 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 79 N/A N/A 12/12/2021 N/A No XXXX  
22NQM2 - 95 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 312 N/A N/A 12/15/2021 N/A No XXXX  
22NQM2 - 322 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 46 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 356 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 73 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 81 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 62 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 69 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 377 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 336 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 378 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 358 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 70 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 74 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 80 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 370 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 29 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 333 N/A N/A 12/16/2021 N/A No XXXX  
22NQM2 - 355 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 57 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 78 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 4 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 24 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 26 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 31 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 343 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 49 N/A N/A 01/13/2022 N/A No XXXX  
22NQM2 - 50 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 379 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 361 N/A N/A 12/13/2021 N/A Yes XXXX XXXX
22NQM2 - 380 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 76 N/A N/A 12/10/2021 N/A Yes XXXX XXXX
22NQM2 - 369 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 84 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 374 N/A N/A 12/16/2021 N/A No XXXX  
22NQM2 - 30 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 54 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 357 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 82 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 85 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 371 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 87 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 6 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 61 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 367 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 83 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 86 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 97 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 346 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 372 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 373 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 88 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 89 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 90 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 118 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 119 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 120 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 121 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 122 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 123 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 124 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 125 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 126 N/A N/A 12/15/2021 N/A No XXXX  
22NQM2 - 127 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 128 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 129 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 396 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 130 N/A N/A 01/27/2022 N/A No XXXX  
22NQM2 - 504 N/A N/A 12/07/2021 N/A Yes XXXX XXXX
22NQM2 - 505 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 131 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 132 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 133 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 506 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 134 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 135 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 136 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 507 N/A N/A 12/16/2021 N/A No XXXX  
22NQM2 - 508 N/A N/A 12/15/2021 N/A No XXXX  
22NQM2 - 509 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 137 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 138 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 139 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 140 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 141 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 142 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 510 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 143 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 144 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 145 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 511 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 146 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 147 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 148 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 149 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 512 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 150 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 151 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 152 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 513 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 514 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 153 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 154 N/A N/A 12/14/2021 N/A No XXXX  
22NQM2 - 155 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 156 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 157 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 158 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 159 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 160 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 161 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 162 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 163 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 164 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 165 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 515 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 516 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 166 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 517 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 167 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 168 N/A N/A 12/15/2021 N/A No XXXX  
22NQM2 - 518 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 169 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 170 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 171 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 519 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 172 N/A N/A 01/13/2022 N/A No XXXX  
22NQM2 - 520 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 521 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 522 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 173 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 523 N/A N/A 12/14/2021 N/A No XXXX  
22NQM2 - 174 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 524 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 175 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 525 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 176 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 177 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 178 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 179 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 526 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 180 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 527 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 528 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 529 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 181 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 182 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 183 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 184 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 530 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 531 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 185 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 186 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 532 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 187 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 188 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 533 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 189 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 190 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 191 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 192 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 193 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 194 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 195 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 196 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 534 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 197 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 198 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 535 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 199 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 200 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 201 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 202 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 203 N/A N/A 01/13/2022 N/A No XXXX  
22NQM2 - 204 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 536 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 205 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 206 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 537 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 207 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 208 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 538 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 539 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 209 N/A N/A 12/17/2021 N/A Yes XXXX XXXX
22NQM2 - 210 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 540 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 541 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 542 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 211 N/A N/A 12/15/2021 N/A No XXXX  
22NQM2 - 212 N/A N/A 12/11/2021 N/A No XXXX  
22NQM2 - 543 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 544 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 545 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 546 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 547 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 548 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 549 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 550 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 551 N/A N/A 12/08/2021 N/A No XXXX  
22NQM2 - 552 N/A N/A 12/07/2021 N/A No XXXX  
22NQM2 - 553 N/A N/A 12/15/2021 N/A No XXXX  
22NQM2 - 213 N/A N/A 12/13/2021 N/A No XXXX  
22NQM2 - 554 N/A N/A 12/10/2021 N/A No XXXX  
22NQM2 - 555 N/A N/A 12/06/2021 N/A No XXXX  
22NQM2 - 556 N/A N/A 12/09/2021 N/A No XXXX  
22NQM2 - 557 N/A N/A 12/10/2021 N/A No XXXX  

 

   

Exhibit 99.2

 

 

 

 

 

5/11/2022  
Due Diligence Narrative Report  

 

 

 

 

 

 

 

TABLE OF CONTENTS

 

 

Clayton Contact Information 2
   
Overview 2
   
Originators 2
   
Clayton’s Third Party Review (“TPR”) Scope of Work 2
   
Sampling 3
   
Loan Grading 3
   
TPR Component Review Scope 3
Credit Review 4
Property Valuation Review 4
Regulatory Compliance Review 5
   
Data Integrity 7
   
Data Capture 7
   
Data Compare Results 7
   
Clayton Due Diligence Results 8
   
Clayton Third Party Reports Delivered 9
   
Appendix A: Credit Review Scope 10
   
Appendix B: Origination Appraisal Assessment 13
   
Appendix C: Regulatory Compliance Review Scope 16

 

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CLAYTON CONTACT INFORMATION

 

Client Service Management:

  Ralph Fox Client Services Senior Director
    Phone: (813) 371-0281/E-mail: rfox@clayton.com
     
  Joe Ozment VP – Client Services and Securitization
    Phone: (813) 261-0733/E-mail: jozment@clayton.com

 

OVERVIEW

 

On behalf of Loan Funding Structure LLC, Clayton conducted an independent third-party pre-securitization due diligence review of 1 residential loan.

 

On behalf of 5th Street Capital Inc., Clayton conducted an independent third-party pre-securitization due diligence review of 11 residential loans.

 

On behalf of IMPAC, Clayton conducted an independent third-party pre-securitization due diligence review of 9 residential loans.

 

On behalf of Sprout Mortgage, Clayton conducted an independent third-party pre-securitization due diligence review of 4 residential loans.

 

On behalf of SG Capital Partners, Inc., Clayton conducted an independent third-party pre-securitization due diligence review of 1 residential loan.

 

Loan Funding Structure LLC subsequently purchased these loans via Reliance Letter and selected them for the BRAVO 2022-NQM2 transaction.

 

The loans referenced in this narrative report were reviewed on a flow basis from June 2016 to June 2019 at Clayton’s centralized underwriting facilities in Tampa, FL. This narrative report provides information about the original lenders, the scope of work performed by Clayton, and the results of Clayton’s review.

 

ORIGINATORS

 

Origination channels for the loans in this review:

 

Origination Channel # of Loans Percentage
Broker 17 65.38%
Correspondent Flow with delegated underwriting 4 15.38%
Retail 5 19.23%

 

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CLAYTON’S THIRD PARTY REVIEW (“TPR”) SCOPE OF WORK

 

The scope of work for this transaction consisted of credit, property valuation, and regulatory compliance reviews, plus a data integrity check, and was performed in accordance with rating agency1 loan level review standards in place as of the date of the review. This is referred to as a “Full Review.”

 

SAMPLING

 

For all originators in this transaction, 100% of the loans received a Full Review as described below.

 

Review Type Loan Counts:

 

Review Type

Loan Count Reviewed by 

Clayton 

Scope Applied

Full Review 

 

Total Loan Population 

26

Clayton performed a Full Review based on the scope described below in the section titled “TPR Component Review Scope”.

 

26  

 

LOAN GRADING

 

Each loan received an “initial” and a “final” grade. The “initial” grade was assigned during the initial loan review. The “final” grade takes into account additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Clayton’s loan grading is solely based on Clayton’s independent assessment of all guideline exceptions and compensating factors for each of the component reviews. Clayton is providing a comprehensive loan-level analysis as part of this pre-securitization reporting package that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades, and sets forth compensating factors and waivers. 

Clayton’s loan grading complied with rating agency grading definitions published by Moody’s, Standard and Poor’s, Fitch, Kroll, DBRS and Morningstar.

 

TPR COMPONENT REVIEW SCOPE

 

Clayton examined the selected loan files with respect to the presence or absence of relevant documents, enforceability of mortgage loan documents, and accuracy and completeness of data fields. Clayton relied on the accuracy of information contained in loan documentation provided to Clayton.

 

 

 

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 CREDIT REVIEW 

 

Clayton’s Credit scope of review conducted on this transaction included the following elements (for more detail, please refer to Appendix A and to the guidelines cited above):

Assessed whether the characteristics of the mortgage loans and the borrowers conformed to the Sponsor Acquisition Criteria cited above;

Re-calculated LTV, CLTV, income, liabilities, and debt-to-income ratios (DTI) and compared these against the Sponsor Acquisition Criteria;

Analyzed asset statements in order to determine whether funds to close and reserves were within Sponsor Acquisition Criteria;

Confirmed that credit scores (FICO) and credit histories were within Sponsor Acquisition Criteria;

Evaluated evidence of borrower’s willingness and ability to repay the obligation;

Examined Data Verify risk evaluation report, which was located in each loan file, for income, employment, Nationwide Mortgage Licensing System and Registry (“NMLS”) and occupancy status alerts. Clayton researched alert information against loan documentation and assigned loan conditions accordingly.

 

 PROPERTY VALUATION REVIEW

 

Clayton’s Property Valuation scope of review conducted on this transaction included the following elements:

 

Original Appraisal Assessment (26 loans)

Clayton reviewed the original appraisal provided to determine whether the original appraisal was complete, thorough and the original appraised value was reasonably supported.

For more detail on the original appraisal review scope and desk review definitions, please refer to Appendix B and to the guidelines cited above.

 

Value Supported Analysis (26 loans)

Clayton applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product. Loans were held to a -10% tolerance utilizing the following waterfall;

 

AVM

BPO

Desk Review

Field Review

Second Full Appraisal

 

1 loan had CU scores of 2.5 or less and and did not require a third party valuation. For further detail please refer to the BRAVO 2022-NQM2 Valuations Summary Report

 

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 REGULATORY COMPLIANCE REVIEW

 

Clayton’s Regulatory Compliance scope of review conducted on this transaction included the elements summarized below. (For more detail, please refer to Appendix C and to the guidelines cited above.)

 

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

 

The scope of the compliance review performed is summarized below: 

Tested for certain applicable federal, state and local high cost and/or anti-predatory laws;

Assessed compliance with state specific consumer protection laws by testing late charge and prepayment penalty provisions;

Truth-in-lending/regulation Z (TILA) testing included the following:

Notice of Right to Cancel (Right of Rescission) adherence if applicable;

TIL Disclosure Timing (3/7/3) and disclosure content;

TIL APR and Finance charge tolerances;

Timeliness of ARM Disclosures (if applicable);

Section 32 APR and Points and Fees Thresholds and prohibited practices;

Section 35 Higher Priced Mortgage Loans thresholds and applicable escrow and appraisal requirements;

Prohibited Acts or Practices including Loan Originator compensation rules, NMLSR ID on documents, financing Credit Insurance, mandatory arbitration clauses, and NegAm Counseling;

Reviewed ATR/QM Ability to Repay (a/k/a Minimum Standards for Transactions): for applications on or after 1/10/2014. Clayton confirmed the loan files contain documentation to evidence the lender considered and verified the borrower’s ability to Repay. This included identifying whether QM loans met agency exemptions or were underwritten in accordance with Appendix Q. Non-QM loans were reviewed to ensure the lender documented that they considered and verified the eight (8) underwriting factors required for ATR compliance in accordance with either their guidelines or the Sponsor Acquisition Criteria;

oThe ATR/QM Rules allow the lender to exclude up to two discount points from the 3% points and fees evaluation depending on the loan’s undiscounted interest rate in relation to the APOR index rate. The ATR/QM Rule does not set the required rate reduction per discount point.
  Clayton evaluated the lender’s exclusion of discount points from the 3% points and fees calculation for all loans in this transaction using a [0.2%] rate reduction threshold per discount point.

Prepayment Penalty restrictions.

TRID: on applicable loans, test compliance with the Integrated Mortgage Disclosure rules under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) defined under the Dodd- Frank Wall Street Reform and Consumer Protection Act as promulgated by the Consumer Financial Protection Bureau.

Real Estate Settlement Procedures Act (RESPA) laws and regulations testing included:

GFE initial disclosure timing and content;

Confirmed the file contains the final HUD1 Settlement Statement;

GFE to HUD1 evaluation for 0% and 10% fee tolerances;

Homeownership Counseling Notice;

Affiliated Business Disclosure if applicable.

 

OF NOTE: As of October 3, 2015 (“TRID Effective Date”), Clayton commenced testing applicable loans subject to the TRID Effective date against a TRID scope of review that was based on outside counsel’s interpretations of the published regulations as of the TRID Effective Date. Clayton’s scope was commercially reasonable as it relates to a Third Party Review (“TPR”) firm’s role as TPR conducting an independent third-party pre-securitization due diligence review (“Initial TRID Scope”). The Initial TRID Scope was created with guidance from outside counsel.

 

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On, June 15th, 2016 SFA published its RMBS 3.0 TRID Compliance Review Scope © documentation, developed under the leadership of members from Third Party Review (“TPR”) firms across the industry and SFA’s RMBS 3.0 Due Diligence, Data and Disclosure Working Group. The RMBS 3.0 TRID Compliance Review Scope was created with an aim to facilitate a uniform testing and risk identification standard as it would apply to an assignee, as a result of a consistent Truth-In-Lending Act liability interpretation according to the understanding of prevailing legal precedent and informal written guidance and webinars offered by the CFPB, as it applies to the Know Before You Owe / Truth In Lending Act (“TILA) – Real Estate Settlement Procedures Act (“RESPA”) Integrated Disclosure (“TRID”) Rule (78 FR 79730, as amended). RMBS 3.0 TRID Compliance Review Scope may be formally amended by the SFA RMBS 3.0 Due Diligence, Data and Disclosure Working Group as clarifying regulations may be promulgated on a go forward basis, as well as any binding judicial interpretations of the underlying law.

 

Following the June 15th formal publication of the RMBS 3.0 TRID Compliance Review Scope ©, Clayton reviewed prior testing results dating back to the TRID Effective Date, and applied the enhanced RMBS 3.0 TRID Compliance Review Scope.

 

Compliance Review (Business Purpose, Non-Owner Occupied)

 

Non-Owner Occupied Scope: Most consumer protection laws are designed to afford protection to borrowers who are entering into a loan that will be secured by their residence. For most high cost and higher-priced laws, as well as rescission, the only loans covered by the law are loans secured by the borrower’s (or in the case of rescission a title holder’s) principal residence. Most other consumer protection laws extend to a borrower’s secondary residence, which under TILA and RESPA is a residence that they occupy at least 2 weeks during the year. Further, if the loan is for a business purpose it is often excluded from consumer protection laws regardless of occupancy, including TILA (whereas if it is secured by non-owner occupied but for a personal, family or household purpose it is more likely to be covered).

 

As of December 18, 2020, Clayton modified its system to not run regulatory compliance testing on business entities, including LLC’s, unless there is also a co-borrower that is a natural person or a trust that is considered to be a “consumer” under TILA. Rather than migrating compliance findings to an A on such loans as was the previous process, going forward no compliance grades are assigned in these instances.

 

Therefore, the list of laws that Clayton tests that apply to a loan secured by non-owner occupied property for a business purpose is limited. Regulatory Compliance testing of Business Purpose Loans consists of the following:

 

State and Federal High Cost and Higher-Priced:

 

Cook County High Cost Ordinance

Chicago High Cost Ordinance

 

Clayton currently tests the Chicago and Cook County ordinances due to vague language around loans for a business purpose not related to the property. While the state of Illinois has similar language, Clayton’s audit law firm determined that only principal residences should be tested for IL high cost.

 

BRAVO 2022-NQM2 Due Diligence Narrative ReportPage | 6 May 11, 2022      

 

 

 

 

 

Anti-predatory lending laws

 

Virginia Lender and Broker Act after 6/1/2008

Minnesota §58 on or after 8/1/2008

 

Prepayment Penalties and Late Charges in certain states

 

National Flood Insurance Program for 1-4 unit residential properties (Transaction Date on or after 1/1/2016 for regulated lenders)

 

Sufficiency of coverage

Escrow of insurance payments

DATA INTEGRITY

 

Clayton utilized its proprietary eCLAS tool to determine tape to file accuracy of each reviewed loan, by completing the following steps: 

Tape data received from lender/client is stored in eCLAS;

Loan Reviewer collects validated loan data in eCLAS;

Each received data point is compared to its counterpart collected data point;

Discrepancies found during comparison are stored

 

DATA CAPTURE

 

Clayton collected data fields required to create American Securitization Forum (“ASF”). The file format was provided as part of the pre-securitization reporting package. Additionally, Clayton captured rating agency required data points relating to ATR/QM determination, which is provided in the reporting package.

 

DATA COMPARE RESULTS

 

Clayton provided Loan Funding Structure LLC with a copy of the Loan Level Tape Compare Upload which shows the differences between the data received by the sellers versus the data captured by Clayton during the loan review.

 

Summary of data compare results: 

Field Name # oof Loans % Accuracy
Amortized Term 3 88.46%
Borrower 1 Self Employed Flag 1 96.15%
Borrower 2 First Name 1 96.15%
Borrower 2 Self Employed Flag 2 92.31%
Combined LTV 1 96.15%
Credit Report Date 6 76.92%
Debt to Income Ratio (Back) 6 76.92%
Documentation Type 10 61.54%
First Rate Change Date 1 96.15%
Lender Application Date 5 80.77%
Lender Name 7 73.08%

 

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Loan Purpose 2 92.31%
Margin (ARM Loan) 1 96.15%
Maturity Date 1 96.15%
Note Rate 1 96.15%
Original Appraised Value 3 88.46%
Original LTV 1 96.15%
Original Term 4 84.62%
Origination Date 2 92.31%
Property Type 4 84.62%
Representative Credit Score for Grading 3 88.46%
Securitization Total Cash Out 1 96.15%
Total Cash Out 4 84.62%

 

CLAYTON DUE DILIGENCE RESULTS

 

Below are the initial and final overall loan grades for this review, as well as the credit, property valuation, and regulatory compliance component review grades.

 

Initial and Final Overall Loan Grade Results

 

 

*The overall grade summary reflects the combination of the credit, property valuation and regulatory compliance component reviews into one overall grade. The overall grade assigned is the most severe grade from each of the component reviews.

 

Initial and Final Credit Component Grade Results

 

 

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Initial and Final Property Valuation Grade Results

 

 

Initial and Final Regulatory Compliance Grade Results

 

 

CLAYTON THIRD PARTY REPORTS DELIVERED

 

Clayton furnished the following reports on this transaction: 

1.Narrative Report

2.Conditions Report

3.Loan Level Tape Compare Upload

4.Waived Conditions Summary Report

5.Valuations Summary Report

6.NON-ATR QM Upload

7.Attestation Forms

8.ASF Upload

9.Rating Agency ATR/QM Data Fields

 

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APPENDIX A: CREDIT REVIEW SCOPE

 

For each mortgage loan, Clayton performed a guideline review utilizing specific guidelines furnished at the time of the review.

 

A.Verified that the characteristics of the mortgage loan and borrower conformed to the Sponsor Acquisition Criteria requirements including:

oDTI

oLTV/TLTV/HLTV

oCredit score

oIncome and employment

oAssets and reserves

oProperty type and use eligibility; and if the property type was a condominium or cooperative, assessed project adherence

oBorrower eligibility, including:

Citizenship status

Non- occupant co-borrower

oTransaction eligibility, including:

Maximum loan amount

Loan purpose

Occupancy

oNoted any approved exceptions or waivers by the originator and/or aggregator to guidelines; verified that approved exceptions included required, documented compensating factors

 

B.As part of the guideline review, Clayton performed a credit analysis during which various documents were examined, including:

oUniform Residential Loan Application reviewed to determine:

Initial loan application was in the loan file and was signed by all borrowers

Final loan application was in the loan file and was complete

Information and debts disclosed on loan application aligned with related documentation in the loan file

oEmployment analyzed and verified through use of various documents, including:

Income documentation

Verbal and/or written verifications of employments (VVOE, VOE)

CPA letter

Business licenses

Tax transcripts (IRS Form 4506-T)

Other documentation in loan file

oIncome review included:

Required income documentation for all borrowers was present and within required time period

Documents did not appear to have been altered or inconsistent

IRS Form 4506-T

Signed by all borrowers and processed by the originator

Compared IRS tax transcripts to income documentation and noted any inconsistencies

Income was recalculated and was documented with applicable documentation, including:

Tax returns

Financial statements

Paystubs

 

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W-2s

1099

IRS documents

Bank statements

Lease agreements

Award letters

Other documentation in loan file

oAsset review included:

Asset documentation required to verify down payment, closing costs, prepaid items and reserves was present and within required timeframe, including:

Verification of deposits (VOD)

Depository account statements

Stock or security account statements

Gift funds

Settlements statements

Other evidence of conveyance and transfer of funds, if a sale of assets was involved

Other documentation in loan file

Asset documents were reviewed to determine any large deposits and appropriate sourcing of funds

oCredit Report review included:

Complete copy of report was in loan file

Report was dated within required timeframe

All borrowers were included in the report

Checked any fraud alerts against related loan file documentation

Verified all disclosed mortgage debt on credit report against the loan application (under the schedule of real estate owned) for accurate debt ratio calculation

Compared liabilities listed on the credit report against the loan application for accurate debt ratio calculation

Captured and utilized appropriate credit score for guideline review

oTitle policy review included:

Title interest – determined if

Fee simple

Leasehold estate

Appropriate vestee(s) were listed on title policy

Amount of coverage was greater than or equal to the original principal amount of the mortgage

Applicable title endorsements were present

Checked for any encumbrances, encroachments and other title exceptions affecting the lien identified through the title search; verified that each issues was addressed in the transaction

Reviewed the chain of title and duration of ownership by seller or borrower (whichever was applicable)

Captured monthly tax payments in debt ratio calculation

oHUD1 (Settlement Statement) review included:

Funds to close identified and analyzed against borrower’s assets

Seller contributions did not exceed maximum allowed

Subject property, seller and borrower aligned with other loan documentation

Disbursements and pay-offs included in debt ratio calculations

Loan purpose confirmed

oHazard/Flood insurance review included:

Verified presence of required hazard insurance and flood insurance (if required)

Confirmed that any required insurance was for the:

 

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Correct borrower

Correct property

Correct lender

Correct loan number

Life of loan, if flood insurance required

Confirmed that any required insurance minimum coverage amount and policy period

Reviewed for evidence that any required insurance policy premium was paid

Confirmed that the mortgagee clause listed the lender’s name and “it’s successors and assigns”

Confirmed that the payment amount on any required insurance was included in the debt ratio calculation

oMortgage Insurance review included:

Determined if mortgage insurance is required

Captured mortgage insurance name, certificate # and percentage guarantee (when required)

 

C.For each mortgage loan, Clayton examined the mortgage or deed of trust for evidence of recordation. In lieu of a copy of the mortgage or deed of trust with recording information, a copy of the mortgage or deed of trust that is stamped “true and certified copy” by the escrow/settlement agent plus recording directions on closing instruction documentation was utilized as evidence for recording.

 

D.For each mortgage loan, Clayton utilized the results from an independent, third-party fraud tool along with information in the loan file to identify and address any potential misrepresentations including:

oBorrower identity

Social Security inconsistencies

Borrower name variations

oOccupancy

Borrower address history

Subject property ownership history

oEmployment

oLicensing – reviewed NMLS data for:

Mortgage lender/originator

Loan officer

oOFAC

 

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APPENDIX B: ORIGINATION APPRAISAL ASSESSMENT

 

For each Mortgage Loan, Clayton performed the following origination appraisal analysis:

 

A.Verified that the mortgage loan file contained an appraisal report and that it met the following criteria:

 

oAppraisal report used standard GSE forms, appropriate to the property type:

FNMA 1004/FHLMC 70 – Uniform Residential Appraisal Report. Used for 1-unit properties, units in planned unit developments (detached PUDs) and condominium projects that consist solely of detached dwelling (site condominium)

FNMA 1073/FHLMC 465 – Individual Condominium Report. Used to appraise a unit in a condominium project or a condominium unit in a PUD (attached PUD)

FNMA 1025/FHLMC 72 – Small Residential Income Property Appraisal Report. Used for all two-to-four unit residential income properties, including two-to-four unit properties in a PUD

FNMA 2090 – Individual Cooperative Appraisal Report. Used for individual cooperative units

FNMA 2000/FHLMC 1032 – One Unit Residential Appraisal Field Review

FNMA 2000a/FHLMC 1072 – Two to Four Unit Residential Appraisal Field Review

 

oAppraisal report was reasonably complete and included:

Appraisal report form, certification, statement of limiting conditions and scope of work

Accurate identification of the subject property

Accurate identification of the subject loan transaction

Accurate identification of the property type, in both land and improvements

All required attachments including:

Subject front, rear and street photos and valued features

Subject interior photos – kitchen, all baths, main living area, updates/upgrades, deferred maintenance

Photos of all comparable sales and listings

Location map

Exterior sketch of property with dimensions

1004MC Market Conditions Report

Evidence that appraisal report was made “As Is” or provided satisfactory evidence of completion for all material conditions

Appraisal date met supplied Sponsor Acquisition Criteria

If applicable to Sponsor Acquisition Criteria requirements, a second full appraisal was furnished and met Sponsor Acquisition Criteria

 

B.Performed a general credibility assessment of the results of the appraisal per Title XI of FIRREA and USPAP based on the following criteria:

 

oTitle XI of FIRREA:

If the appraisal was completed by a trainee or licensed appraiser unqualified to independently sign the report, an appropriately licensed appraiser co-signed as a supervisory appraiser and inspected the property

Determined that either the appraiser or supervisory appraiser was appropriately licensed by verifying the appraiser’s license included in the appraisal.

Reviewed for the presence of any “red flags” related to the mortgaged property that may have posed a risk to the property or occupants

 

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oUSPAP

Confirmed that the appraiser developed and communicated their analysis, opinion, and conclusion to intended users of their services in a manner that is meaningful and not misleading and that the appraisal is signed.

 

C.Reviewed and graded the appraisal valuation to the following criteria:

 

oAppraised value was reasonably supported. Utilized the following review in making value supported determination:

Comps used were located reasonably close to the subject property and if not the reason was satisfactorily explained

Comps used were reasonably recent in transaction date and if not the reason was furnished

Comps used were reasonably similar to the subject property and if not an explanation was supplied

Appraised value of the subject was bracketed by the sales prices of the comps and if not the reason was furnished

Adjustments were reviewed and appeared reasonable utilizing the 15% net/25% gross guideline.

oProperty was complete. However, if the property was not 100% complete, then any unfinished portion had no material impact to the value, safety, soundness, structural integrity, habitability or marketability of the subject property

oAppraisal was reviewed for any indication of property or marketability issues. Utilized the following key points in making determination:

Appraisal was made on an “As Is” basis or provides satisfactory evidence of completion of all material conditions

Property usage was reviewed for zoning compliance

Property utilization was reviewed to determine it was “highest and best use”

Neighborhood values were reviewed to determine if declining

Market conditions were reviewed to determine indication of possible marketability issues:

Location

% built up

Growth rate

Demand/supply

Marketing time

Predominant occupancy

Physical condition of the property was reviewed to determine that the property condition was average or better

Style of property was reviewed to determine if unique property

Any health and safety issues were noted and/or remediated

Locational and/or environmental concerns adequately addressed if present

 

D.Property Eligibility Criteria – Clayton reviewed the property to determine that the property met the client supplied eligibility requirements. Examples of ineligible property types may include:

o3 to 4 unit owner occupied properties

o2 to 4 unit second homes

oUnwarrantable or limited review condominiums

oManufactured or mobile homes

oCondotel units

oUnique properties

oWorking farms, ranches or orchards

oMixed-use properties

oProperties subject to existing oil or gas leases

oProperties located in Hawaii Lava Zones 1 and 2

oProperties exceeding Sponsor Acquisition Criteria requirements for excess acreage

 

E.Properties Affected by Disasters Criteria – Clayton reviewed the appraisal date against any FEMA Declared Disaster Areas that were designated for Individual and/or Public Assistance due to a federal government disaster declaration.

 

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oIf the appraisal date is before the FEMA Effective Date for any of the disasters listed, Clayton will specify whether or not there has been a property inspection since the date listed, the latest inspection date, whether or not new damage has been indicated, and the amount of said damage.

 

F.Disclaimer

oThe individuals performing the aforementioned original appraisal assessment are not persons providing valuations for purposes of the Uniform Standards of Professional Appraisal Practice (“USPAP”) or necessarily licensed as appraisers under Federal or State law, and the services being performed by such persons do not constitute “appraisal reviews” for purposes of USPAP or Federal or State law.

oClayton makes no representation or warranty as to the value of any mortgaged property, notwithstanding that Clayton may have reviewed valuation information for reasonableness

oClayton is not an ‘AMC’ (appraisal management company) and therefore Clayton does not opine on the actual value of the underlying property

oClayton is not a ‘creditor’ within the meaning of ECOA or other lending laws and regulations, and therefore Clayton will not have any communication with or responsibility to any individual consumer concerning property valuation.

oClayton does not check to see if the appraiser is on the Freddie Mac exclusionary list

 

G.Desk Review definitions

oClear Capital “CDA” means a written retrospective analysis of an appraisal of residential real property relating to completeness, reasonableness, and relevance. The relevant appraisal shall be provided to Clear Capital by Customer. The CDA will offer an alternative value, if deemed appropriate, based on the analysis of the competitive market as of the effective date of the appraisal provided. The CDA will also provide an analysis of the appraisal provided, including supporting narrative and data to fully support the CDA value and outline deficiencies within the appraisal. The CDA will also contain a Risk Score and Risk Indicators based upon the findings of the analysis for the appraisal provided to Clear Capital by Customer.

oProTeck’s Appraisal Risk Review (ARR) is an enhanced desk review of the original appraisal in the file completed by a licensed appraiser. The ARR validates subject and comparable data and characteristics, confirms the original appraiser’s methodologies, credentials, and commentary to insure compliance with regulatory requirements and industry accepted best practices, and flags all risk factors while also providing a final value reconciliation used to grade the loan.

 

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APPENDIX C: REGULATORY COMPLIANCE REVIEW SCOPE

This appendix provides an overview of Clayton’s proprietary compliance system for 1-4 family residential mortgage loans in the due diligence process to determine, to the extent possible and subject to the caveats below, whether the loans comply with federal, state and local laws. The Disclaimer section explains limitations that you should be aware of. Additional details on the items listed below as well as Clayton’s state, county and municipal testing can be provided upon request. The compliance engine is fully integrated into Clayton’s proprietary due diligence platform, eCLAS.

 

Federal Law

 

A.RESPA and Regulation X: Loan level analysis on the following:

oGFE/HUD1: confirm the correct version of the GFE and HUD1 were properly completed under the Regulation X Final Rule that became mandatory on January 1, 2010

oInitial Good Faith Estimate, (GFE): timing and content of the initial disclosure

oFinal GFE: Verification that increases to fees from the initial GFE were disclosed within 3 days of valid changed circumstance documentation within the loan file

oFinal HUD1 Settlement Statement: verify the loan file contains the final HUD1 and the loan terms on the HUD1 correspond to the actual loan terms from the Note

oFinal GFE to HUD1 tolerance fee evaluation: confirm the fees charged on the HUD1 do not exceed the Final GFE in the 0% or 10% fee tolerance categories, including a review for a Settlement Service Provider List if the lender excludes fees that the borrower can shop for.

oAffiliated Business Disclosure: if the loan file indicates the lender or broker referred the borrower to a known affiliate, confirm the disclosure was provided to the borrower

oHomeownership Counseling Notice: for loan applications on or after 1/10/2014, confirm the notice was provided to the borrower within 3 days of application

 

B.Truth in Lending Act and Regulation Z - Loan level analysis on the following:

oTIL Disclosure: Content of Disclosures – perform an independent recalculation of the finance charges and APR to determine whether the amounts disclosed on the final TIL were within allowable tolerances. Payment schedule accuracy, including under the Mortgage Disclosure Improvement Act for loans applications on or after January 30, 2010. Additional disclosure content with a focus on the consistency of the prepayment penalty disclosure and assumption policy with the note and security instrument.

oMortgage Disclosure Improvement Act, (3/7/3 rule): Confirm the timing of the initial TIL disclosure within 3 days of application, 7 days prior to consummation, and corrected TIL disclosures provided at least 3 days prior to consummation for applications received on or after July 30, 2009 (Section 19)

oARM Disclosure: confirm these disclosures are in the file within 3 days of application, or 3 days of the borrower discussing ARM programs identified within the loan file

oRight of Rescission – Review the disclosure form type, disclosure timing, disclosed dates, other material disclosures, and the loan disbursement (Section 23)

oHigh Cost mortgage thresholds for points and fees (Section 32)

oHigh Cost Prohibited Acts and Practices upon request (Section 33)

oHigher Priced Mortgage Loan thresholds for APR in relation to the APOR. Including Escrow and appraisal requirements (Section 35)

oProhibited Acts or Practices including testing the Loan Originator compensation rules, NMLSR ID on documents, financing Credit Insurance, mandatory arbitration clauses, and NegAm Counseling (Section 36)

oATR/QM Ability to Repay, aka Minimum Standards for Transactions: for applications on or after 1/10/2014, confirm the loan file contains documentation to evidence the lender considered and verified the borrower has the ability to repay in accordance with the ATR requirements This included identifying whether QM loans met agency exemptions or were underwritten in accordance with Appendix Q. Non QM loans will be reviewed to ensure the lender documented that they considered and verified the 8 underwriting factors as required for ATR compliance. This review also includes evaluating loans against the new TILA prepayment penalty restrictions (Section 43)

oTILA/RESPA Integrated Disclosure Rule: “The Initial TRID Scope” and “RMBS 3.0 TRID Compliance Review Scope ©”

 

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Test whether or not the loan is subject to disclosure on TRID documents, the Loan Estimate (“LE”) and Closing Disclosure (“CD”)

Pre-application Requirement Testing:

Pre-application forms cannot look similar to the LE

Pre-application forms must contain the required disclaimer (“Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan”).

 

Timing Requirements:

The LE was delivered or placed in the mail within 3 business days of the broker or lender receiving an application.

The loan does not consummate (Clayton looks to the later of the note date or notary date) until the later of seven business days after the LE is delivered or placed in the mail and three business days after the CD (or Corrected CD when a new three-day waiting period is triggered) is received.

That a revised LE or CD is provided within three business days of the lender having knowledge of the information that led to the change.

Fee Tolerances:

Zero and ten percent tolerance fees are only reset with a valid and timely change of circumstance.

If a credit or refund is made, that it is sufficient to cover Clayton’s calculated under-disclosure.

Payment Schedule Accuracy:

The number of columns and timing of changes to payments as well as the mortgage insurance drop-off match Clayton’s calculated payment schedule.

Interest-only periods and final balloon payments are accurately completed.

The total of the principal and interest payment, mortgage insurance and escrow amounts add up correctly.

When applicable, that the AIR and AP tables are consistent with Clayton’s calculations.

Accuracy of the Loan Calculations

Amount Financed

Finance Charge

Total of Payments

Total interest percentage

Technical Requirements

Compliance with the TRID rounding rules.

Compliance with specified formatting requirements.

Compliance with date entry requirements (such as when a field, if not applicable, must be present and left blank).

Alphabetization of fees.

Title fees preceded by “Title –.”

Column or similar limits such as four columns for Projected Payments and a maximum of thirteen Origination Charges on the LE.

Consistency within and across forms

Once a fee is disclosed it must remain substantially the same name across disclosures.

Consistency between the Costs at Closing and Calculating Cash to Close tables, for which there is a version for transactions with a seller and an optional, but not required, version for transactions without a seller. They should be consistent within and across disclosures.

Where amounts in a table reference that they are derived from another section of the form, that the amounts match the amount in the section referenced.

 

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Escrow amounts disclosed in the Projected Payments section tie out to the escrow amounts detailed in the Loan Disclosures section.

Completion of the LE and CD

All required fields not specifically listed herein are completed or left blank in accordance with TRID rules; creditor information, contact information, rate lock information, etc.

For areas where multiple options are provided, such as Assumption, Negative Amortization and Liability after Foreclosure, only one option is indicated.

That there is either a signature or a Loan Acceptance statement on the form.

Waivers

Clayton will capture if the borrower waived their waiting period and the sufficiency of the waiver under TRID. However, based on past experience with clients, Clayton will also issue an exception for the loan closing early.

Corrected CD requiring a new waiting period

Whether the APR increased or decreased outside of tolerance requiring a new waiting period and whether that waiting period was provided. For APR decreases Clayton will look to whether the APR decreased due to a reduced finance charge, which will be considered to be within tolerance.

Whether the product or a product feature changed which requires a new waiting period and whether that waiting period was provided.

Whether a prepayment penalty was added requiring a new waiting period and whether that waiting period was provided.

Post-Close CD’s

Corrected CD’s provided with a post-close refund.

Post-close CD’s to correct numerical errors based on events (such as recording) occurring within 30 days of consummation.

Post-close CD’s to correct non-numerical clerical errors required within 60 days of consummation.

Related Documentation

Provision and timing of Your Home Loan Toolkit (first lien, purchase-money loans)

Written List of Providers, when there are items in in the Services You Can Shop For category (can impact fee tolerances)

Affiliated Business Disclosure (can impact fee tolerances)

Outside of Clayton’s default TRID scope:

Accuracy of the LE in terms of whether fees are within the correct category and loan terms where we would need a Note to verify. More detailed testing will occur by comparing the final CD to the Note terms.

Whether the Liability after Foreclosure selection is correct for the property state.

Accuracy of the Aggregate Adjustment amount.

Presence and accuracy of the Seller’s Transaction columns of the Summaries of Transactions section.

Accuracy of the Contact Information for the lender, broker and settlement agent. Clayton will look for discrepancies across forms, but is not independently verifying the information.

 

C.FACTA - the Credit Score, Key Factors, and Notice to Home Loan Applicant disclosures

 

D.HMDA – Whether the loans is Rate Spread threshold reportable.

 

STATE, COUNTY and MUNICIPAL LAW

 

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A.Higher-Priced

Clayton test whether a loan meets the thresholds for a higher-priced, rate spread, subprime or nonprime mortgage loan, and whether such loan meets regulatory requirements, in the following states: 

Higher-Priced
California Maryland New York
Connecticut

Massachusetts (subprime ARMS to first time homebuyers) 

North Carolina
Maine Minnesota  

 

B.State/Local High Cost

Clayton test whether a loan meets the thresholds for a high cost or covered loan in the following states, counties and municipalities, and also tests for compliance with provisions in such laws that apply to all loans subject to high cost testing:

 

State/Local High Cost
Arkansas Maine Pennsylvania
California Maryland

Rhode Island, including the Providence ordinance 

Colorado Massachusetts South Carolina
Connecticut Nevada Tennessee
District of Columbia New Jersey Texas
Florida New Mexico Utah
Georgia New York

Vermont  

(High Rate, High Point law) 

Illinois, including the Cook County and Chicago ordinances 

North Carolina Wisconsin
Indiana

Ohio, including

Cleveland Heights ordinance 

 
Kentucky Oklahoma  

 

C.Anti-Predatory

Several states have laws that do not create a separate class of high cost or higher-priced mortgage loans, but set APR or finance charge ceilings and may also set forth similar anti-predatory lending restrictions as found in high cost laws. Clayton tests for compliance with such laws in the following states:

 

Minnesota (Mortgage Originator and Service Licensing Act)

 

Puerto Rico (Office Regulation 5722)

 

Texas (Texas Finance Code)

 

West Virginia (Residential Mortgage Lender, Broker and Servicer Act).

 

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D.Borrower’s Interest

Clayton uses a module that reports to the client the factors that the client can weigh to determine whether or not the loan is in the borrower’s interest, and also makes a mathematical determination as to whether or not there is at least one benefit. This module is only used in the following states, where the laws or releases by the regulators provide an indication of some standards that can be applied.

 

Borrower’s Interest
Maine Ohio South Carolina
Massachusetts Rhode Island  

 

E.Consumer Protection

Several states have laws that neither create a separate class of high cost or higher-priced mortgagee loan, nor impose a ceiling on the overall fees or APR, but nonetheless contain requirements and restrictions on mortgage loans that may impact the assignee or the lien. Clayton tests for compliance with such laws, including late charge and prepayment penalty provisions, in the following states and municipalities:

 

 

Consumer Protection

 

Alabama (the “Mini-code”)

Nebraska (Mortgage Bankers Registration and Licensing Act and the Installment Loan Act) 

Hawaii (Financial Services Loan Company Act) Nevada (AB 440
Idaho (Residential Mortgage Practices Act)

Ohio (Consumer Sales Practices Act; whether the loan is in Summit County)  

Illinois (both versions of the Cook County Predatory Lending Database; Illinois Residential Mortgage Licensing Act) 

Texas (Article XVI, Section 50(a)(6) of the Texas Constitution)
Iowa (Consumer Credit Code) Utah (Consumer Credit Code)
Kansas (Consumer Credit Code) Virginia (Mortgage Lender and Broker Act)
Kentucky (HB 552)

Washington (Consumer Loan Act and Responsible Mortgage Lending Act) 

Maryland (DLLR Regulations, Commercial Law) West Virginia (Consumer Credit Protection Act)
Massachusetts (Attorney General regulations) Wyoming (Residential Mortgage Practices Act)
Michigan (Consumer Mortgage Protection Act)  

 

See above for additional details on Consumer Protection Laws and the specific components of the aforementioned Consumer Protection laws that are evaluated as part of the Clayton Compliance Review Scope.

 

F.Texas Equity

In addition to identifying whether Texas refinances are cash out transactions subject to the Texas Constitution Article 16 Section 50(a)(6) requirements, Clayton reviews the title report to confirm prior loans being refinanced are continuous purchase money and not (a)(6) loans. In the event a loan is determined to be a Texas Home Equity loan, the underwriter reviews the loan images to confirm the loan meets the Texas requirements including maximum LTV/CLTV, 3% fee cap, product restrictions and the required disclosures were provided to the borrower in accordance with required timelines.

 

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GSE Testing 

Clayton can review loans to determine whether they comply with Fannie Mae’s and Freddie Mac’s Points and Fees threshold tests. These fee limitations of 5% for all loans with application dates prior to 1/10/2014 were reduced to 3% on Primary and Second Homes for applications on or after 1/10/2014. If requested, loans can be reviewed to determine whether the loan is a residential mortgage transaction ineligible for delivery due to its APR or fees exceeding the HOEPA thresholds. Clayton offers Lender Letter and non-traditional mortgage testing for Fannie Mae. (Note: Fannie Mae requires a non-disclosure agreement between the client and Fannie Mae for Clayton to report these results.)

 

Disclaimer 

Please be advised that Clayton has not determined whether the Loans comply with federal, state or local laws, constitutional provisions, regulations or ordinances, including, but not limited to, licensing and general usury laws that set rate and/or fee limitations, unless listed above. Clayton’s review is focused on issues that raise concerns for secondary market investors and other assignees, based on potential for assignee liability, an adverse impact on the lien, and regulatory, litigation and headline risk. Clayton’s review is not designed to fully test a lender’s compliance with all applicable disclosure and licensing requirements. Furthermore, the findings reached by Clayton are dependent upon its receiving complete and accurate data regarding the Loans from loan originators and other third parties. Please be further advised that Clayton and its employees do not engage in the practice of law, and the findings set forth in the reports prepared by Clayton do not constitute legal advice or opinions.

 

© 2022 Clayton Services LLC. All rights reserved. 

This material is confidential and may not be copied, used, or distributed without the written permission of Clayton Services LLC

 

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Client Name:      
Client Project Name: BRAVO 2022-NQM2    
Start - End Dates: 6/16/2016 - 6/3/2019    
Deal Loan Count: 26    
       
             
Conditions Report 2.0    
             
Loans in Report: 26    
Loans with Conditions: 19    
             
0 - Total Active Conditions
             
             
             
88 - Total Satisfied Conditions
             
      20 - Credit Review Scope
        1 - Category: Ability to Repay/Qualified Mortgage
        2 - Category: Application
        1 - Category: Assets
        4 - Category: DTI
        6 - Category: Income/Employment
        1 - Category: Insurance
        1 - Category: Legal Documents
        2 - Category: Re-Verifications
        2 - Category: Terms/Guidelines
      11 - Property Valuations Review Scope
        9 - Category: Appraisal
        1 - Category: Property
        1 - Category: Value
      57 - Compliance Review Scope
        3 - Category: Ability to Repay/Qualified Mortgage
        54 - Category: TILA/RESPA Integrated Disclosure
27 - Total Waived Conditions
             
      10 - Credit Review Scope
        1 - Category: Assets
        2 - Category: Credit/Mtg History
        2 - Category: DTI
        2 - Category: Income/Employment
        3 - Category: Terms/Guidelines
      17 - Compliance Review Scope
        1 - Category: Ability to Repay/Qualified Mortgage
        5 - Category: Federal Consumer Protection
        1 - Category: State Rate Spread
        10 - Category: TILA/RESPA Integrated Disclosure
             
 




©2022 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited. 
 

 

   

Client Name:                                                                    
Client Project Name: BRAVO 2022-NQM2                                                                  
Start - End Dates: 6/16/2016 - 6/3/2019                                                                  
Deal Loan Count: 26                                                                  
                                                                     
                                                                         
Conditions Report 2.0                                                                  
                                                                         
Loans in Report: 26                                                                  
Loans with Conditions: 19                                                                  
                                                                         

 

Redacted LoanID Original Principal Balance State Initial Lender ATR/QM Status Loan Level ATR/QM Status Initial Securitization Overall Loan Grade Final Securitization Overall Loan Grade Initial Securitization Credit Loan Grade Final Securitization Credit Loan Grade Initial Securitization Property Valuations Loan Grade Final Securitization Property Valuations Loan Grade Initial Securitization Compliance Loan Grade Final Securitization Compliance Loan Grade Initial S&P Overall Loan Grade Final S&P Overall Loan Grade Initial S&P Credit Loan Grade Final S&P Credit Loan Grade Initial S&P Property Valuations Loan Grade Final S&P Property Valuations Loan Grade Initial S&P Compliance Loan Grade Final S&P Compliance Loan Grade Condition Category Condition Sub Category Condition Status Initial Securitization Condition Grade Final Securitization Condition Grade Initial S&P Condition Grade Final S&P Condition Grade Condition Code Condition Description Condition Material Indicator Initial Comments Client/Seller Response Comments Conclusion Comments TRID Error Type Cure Method Compensating Factors
22NQM2 - 377 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B A A A A B B B B A A A A B B Compliance Federal Consumer Protection Waived B B B B CMPFDCP847 TILA - ARM Loan Program Disclosure after 3 days from application No The Early Arm Disclosure provided to borrower within three days of the application date of XXX is not in file. 8/3/2018- Client requested to waive. 8/3/2018- Waiver applied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 32.38%.  Guideline maximum is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 35.41%.  Guideline maximum is 65%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower is in same profession for 29 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves of $94,901.81 or 75.01 months. Guidelines require 3 months.
22NQM2 - 377 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B A A A A B B B B A A A A B B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4352 TRID - CD: At least one section contains formatting that does not comply with the Regulation No CDs dated XXX and XXX Part B section Loan Costs, Fee's are disclosed without the Payee Information.  (No Data) 8/1/2018: Exception satisfied since corrected on Final CD dated XXX. Hybrid Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 32.38%.  Guideline maximum is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 35.41%.  Guideline maximum is 65%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower is in same profession for 29 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves of $94,901.81 or 75.01 months. Guidelines require 3 months.
22NQM2 - 377 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B A A A A B B B B A A A A B B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID3716 TRID - Curable issue related to the Closing Disclosure in file No All CDs in file:The Recording fee in Other Costs section is not itemized. Provide a post close CD with the Recording fee itemized.  8/3/2018- Client requested to waive. 8/3/2018- Waiver applied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 32.38%.  Guideline maximum is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 35.41%.  Guideline maximum is 65%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower is in same profession for 29 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves of $94,901.81 or 75.01 months. Guidelines require 3 months.
22NQM2 - 377 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B A A A A B B B B A A A A B B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No Final CD dated XXX Assumption selection on the CD does not match the clause in the mortgage. Provide a post close CD with the correct Assumption selection in Loan Disclosures and a letter of explanation to the borrower. 8/3/2018- Client requested to waive. 8/3/2018- Wavier applied. Non-Numeric Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 32.38%.  Guideline maximum is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 35.41%.  Guideline maximum is 65%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower is in same profession for 29 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves of $94,901.81 or 75.01 months. Guidelines require 3 months.
22NQM2 - 377 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4352 TRID - CD: At least one section contains formatting that does not comply with the Regulation No Initial CD dated XXX Part B section Loan Costs, Title fees are missing the payee information.  (No Data) 8/2/2018: Exception satisfied since corrected on Final CD dated XXX. Hybrid Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 13 years.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower XXX 31 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 20.49%; maximum permitted is 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 711 is 71 points above the minimum required of 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 32.71% is 17.29 points below the maximum permitted of 50%.
22NQM2 - 377 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance TILA/RESPA Integrated Disclosure Satisfied D A D A CMPTRID3554 TRID - LE delivered only via e-mail but there is no prior e-sign consent in file; by regulation, LE must be treated as not delivered No Final LE dated XXX is e-Signed by borrower, no evidence in file of an e-Sign consent disclosure. Provide the borrower's e-consent. 8/6/2018- Lender provided e- consent form. 8/6/2018- Exception satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 13 years.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower XXX 31 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 20.49%; maximum permitted is 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 711 is 71 points above the minimum required of 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 32.71% is 17.29 points below the maximum permitted of 50%.
22NQM2 - 377 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance TILA/RESPA Integrated Disclosure Satisfied D A D A CMPTRID3600 TRID - CD delivered only via e-mail but there is no prior e-sign consent in file; by regulation, CD must be treated as not delivered No Initial CD dated XXX is eSigned by borrower, no evidence in file of an eSign consent disclosure. Provide the borrower's e-consent. 8/6/2018- Lender provided e-consent form. 8/6/2018- Exception satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 13 years.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower XXX 31 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 20.49%; maximum permitted is 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 711 is 71 points above the minimum required of 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 32.71% is 17.29 points below the maximum permitted of 50%.
22NQM2 - 378 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A C B D B D A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4352 TRID - CD: At least one section contains formatting that does not comply with the Regulation No The title fees in Loan Costs section on CD XXX are missing the payee names.  (No Data) 9/06/2018: Exception satisfied. Corrected on final CD. Hybrid Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 17.25 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower3 XXX 15.33 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 700 is 80 points above the minimum required of 620.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 52 months; requirement is 1x30x12.
22NQM2 - 378 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A C B D B D A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3626 TRID - CD: Loan consummated before end of waiting period No Final LE XXX is not signed and there is no evidence in file to determine when it was delivered to the borrower. Provide proof of receipt of LE XXX. 9/14/2018: Lender provided Disclosure Details with the LE send date as XXX by XXX and the received date as same day. Provide shipping label as proof of same day delivery of LE. Exception remains. 9/19/2018: Lender provided LE XXX which is already in file. Exception remains. 9/24/2018: Lender provided the final LE issued and signed on XXX confirming the timely delivery.  9/24/2018: - Exception satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 17.25 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower3 XXX 15.33 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 700 is 80 points above the minimum required of 620.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 52 months; requirement is 1x30x12.
22NQM2 - 378 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A C B D B D A A A C B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No The Assumption selection in Loan Disclosures on CD is " will not allow assumption of this loan." This selection does not match the assumption terms on the Arm Rider. Provide a post close CD with the correct assumption selection and a letter of explanation to the borrower.  09/13/2018 - Client requested waiver of exception. 09/13/2018 - Waiver acknowledged. Non-Numeric Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 17.25 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower3 XXX 15.33 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 700 is 80 points above the minimum required of 620.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 52 months; requirement is 1x30x12.
22NQM2 - 378 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A C B D B D A A A C B Credit Insurance Satisfied D A D A CRDINSR3278 Hazard Insurance documentation in file is incomplete No Master XXX property insurance expired XXX prior to closing. Provide copy of the renewal insurance certificate. Master XXX insurance carries the hazard insurance, including walls in coverage, for the subject property. 09/17/2018 - Lender provided master policy with XXX expiration date. 09/17/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 17.25 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower3 XXX 15.33 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 700 is 80 points above the minimum required of 620.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 52 months; requirement is 1x30x12.
22NQM2 - 378 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A C B D B D A A A C B Credit Terms/Guidelines Satisfied C A C A CRDTER3122 Loan documents do not meet guideline requirements No The bank account utilized for the qualifying income is a Co-Mingled account, both personal and business banking.  Lender utilized the business account method for calculating the qualifying income based on 12-month average of 50% of the adjusted deposits.  Client guidelines require that lender average the result of business deposits less business expenses to determine the qualifying income. 09/19/2018 - Lender states that the SP A1 calculator was used for this loan and that it is in line as the XXX is only a personal banking account (not a co-mingled account). 09/19/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Subject property owned 17.25 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower3 XXX 15.33 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 700 is 80 points above the minimum required of 620.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 52 months; requirement is 1x30x12.
22NQM2 - 379 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A C A D B D B D A C A D B Compliance Ability to Repay/Qualified Mortgage Satisfied D A D A CMPATRQM3220 TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. No Missing documentation to complete the ATR/QM status determination review: - 3rd party anti-fraud report reveals undisclosed property at XXX. Lender to provide evidence borrower no longer owns this property, or documentation of the PITIA expenses, as applicable. Additional conditions may apply 8/31/2018- Lender provided tax cert for an different property and not the property that is in question. Exception remains. Lender to provide evidence borrower no longer owns this property, or documentation of the PITIA expenses and mortgage history, as applicable. Additional conditions may apply. 09/13/2018 - Lender provided XXX County Assessor information for Parcel XXX for XXX of XXX reflecting ownership by third party. Lender also provided e-mail from XXX county noting that official address for parcel XXX is XXX which is for legal XXX of the XXX. Documents for XXX also reflects ownership by a third party confirming no XXX by borrower 09/13/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  XXX of same business 15 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 46.21%; maximum permitted is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 806 is 186 points above the minimum required of 620.
22NQM2 - 379 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A C A D B D B D A C A D B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No Final CD dated XXX Assumption selection on the CD does not match the clause in the mortgage and Arm Rider. Provide a post close CD with correction and a letter of explanation to the borrower. 8/31/2018- Client requested to waive. 8/31/2018- Waiver applied. Non-Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  XXX of same business 15 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 46.21%; maximum permitted is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 806 is 186 points above the minimum required of 620.
22NQM2 - 379 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A C A D B D B D A C A D B Credit DTI Satisfied C A C A CRDDTI134 Debt Ratio Exception =>10% No DTI of 68.73% exceeds Client guideline maximum of 50%.  Main reason for variance from lender's DTI of 40.469% is due to lender calculated income from the XXX bank statements based on XXX ownership.  The articles of incorporation and operating agreement in file show that borrower owns only XXX.  8/31/2018-  Lender provided a Change of address for borrower XXXException remains.  Document provided does not provide ownership or list that borrower is the only member of business.  The articles of incorporation and operating agreement in file show that borrower owns only XXX09/11/2018 - Lender responded that 50% of XXX Account is $3,508.64 plus $3,760.51 for the other business account is $7,269.15 resulting in a DTI of 49.184%. Exception remains. Clayton calculation agrees with income for XXX account.  However, for the XXX account, income calculated at $2,301.35 based on following deductions:  1. 01/2018 - $50,000 gift from father and $4,000 transfer from personal account; 2. 06/20178 - interest payment deduction of $3.24, and 3.  $36,810 deduction from personal account.  This results in DTI of 68.73% based on total income of $5,809.99 and total debt of $3,993.12 (based on qualifying rate). 9.19.2018- The XXX account, income calculated at $2,301.35 based on following deductions:  1. 01/2018 - $50,000 gift from father and $4,000 transfer from personal account; 2. 06/20178 - interest payment deduction of $3.24, and #3.  $36,810 transfer from personal account.  This results in DTI of 68.73% based on total income of $5,809.99 and total debt of $3,993.12 (based on qualifying rate). Same findings as previous exception.  Exception remains.  09/26/2018 - Lender's response- only using 50% of the net deposits for the XXX account when Borrower owns XXX.  Using 100% of deposits from your calculations results in monthly income for XXX of $4,602.69.  The re-review completed by Senior UW- loan program is SP A5 income is based on 12 month average of 50% of the adjusted deposits times Borrower's ownership, which in this case is 100%- the 50% is the profit margin.  Exception remains.10/1/2018-  Lender responded that the lender may determine and document income from the XXX by calculating one of the 3 options provided which they used the percentage of the borrowers business owned by the borrowers which result of an DTI of 49.23% 10/1/2018- Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  XXX of same business 15 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 46.21%; maximum permitted is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 806 is 186 points above the minimum required of 620.
22NQM2 - 379 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A C A D B D B D A C A D B Credit Legal Documents Satisfied D A D A CRDLGL2864 Copy of Mortgage/Deed in file is incomplete No Missing legal description exhibit A from the mortgage.  Unable to determine if the mortgage legal matches the title report legal. 09/10/2018 - Lender provided recorded copy of mortgage with Exhibit A (legal description) attached.   09/10/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  XXX of same business 15 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 46.21%; maximum permitted is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 806 is 186 points above the minimum required of 620.
22NQM2 - 379 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A C A D B D B D A C A D B Credit Re-Verifications Satisfied C A C A CRDRVRFC1803 Debts/Obligations that were not discl at origination revealed through independent re-verification No 3rd party anti-fraud report reveals undisclosed property at XXX  Lender to provide evidence borrower no longer owns this property, or documentation of the PITIA expenses and mortgage history, as applicable.  Additional conditions may apply. 8/31/2018- Lender provided tax cert for an different property and not the property that is in question. Exception remains.  Lender to provide evidence borrower no longer owns this property, or documentation of the PITIA expenses and mortgage history, as applicable.  Additional conditions may apply. 09/10/2018 - Lender responded that Fraud Guard highlighted text on page 1 reflects XXX as sold. and owner is third party.  Lender also provided the Data Verify reviewed with the credit file.  Fraud Guard was not provided. Exception remains.  Report reflects XXX (no unit number provided) purchased by third party in XXX with no seller named.  Report also reflects that XXX.  Unable to determine if the reference with no unit number is actually unit XXX. 09/13/2018 - Lender provided XXX reflecting ownership by third party.  Lender also provided e-mail from XXX 09/13/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  XXX of same business 15 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 46.21%; maximum permitted is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 806 is 186 points above the minimum required of 620.
22NQM2 - 379 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A C A D B D B D A C A D B Property Valuations Appraisal Satisfied C A C A PRVAAPPR169 Appraisal includes one or more issue(s) No The lender/client identified on the appraisal report is not the broker or lender.  Missing copy of the appraisal transfer letter. 9.19.2018 9.6.18  Client responded. Docs provided do not address exception. 9/25/2018- Lender provided transfer letter. Exception remains.  9/25/2018- Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  XXX of same business 15 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 46.21%; maximum permitted is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 806 is 186 points above the minimum required of 620.
22NQM2 - 380 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS2854: Significant time in profession
- Clayton Comments:  8 years time in profession

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  8 years time at current job
22NQM2 - 381 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A B A A A D A D A B A A A D A Compliance Ability to Repay/Qualified Mortgage Satisfied D A D A CMPATRQM3220 TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. No Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status due to missing evidence of taxes and HOA fees for XXX and XXX to support expense listed on 1003 and included in DTI. 9.28.16 - lender provided taxes and HOA fees for XXX and XXX 9.28.16 - condition satisfied. (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  766 credit score; minimum required is 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 10.73%; guideline maximum is 50%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX in same business for over 6 years.
22NQM2 - 381 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A B A A A D A D A B A A A D A Compliance TILA/RESPA Integrated Disclosure Satisfied B A B A CMPTRID3730 TRID - Error #2 discovered on Closing Disclosure No Non numeric clerical error CD: XXX, Section: Closing Information, Field: Street Address, Value: XXX does not match Security Interest Street Address, Value: XXX  10/3/16 - Post Close CD dated XXX has the correct address, XXX. 10/3/16 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  766 credit score; minimum required is 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 10.73%; guideline maximum is 50%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX in same business for over 6 years.
22NQM2 - 381 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A B A A A D A D A B A A A D A Credit DTI Satisfied B A B A CRDDTI2540 Missing verification of some or all components of non-subject PITI No Missing evidence of taxes and HOA fees for XXX and XXX to support expense listed on 1003 and included in DTI. 9.28.16 - lender provided taxes and HOI, still need HOA. 9.28.16 - lender provided HOA for XXX and XXX to support expense listed on 1003 and included in DTI. 9.28.16 - condition remains.9.28.16 - condition satisfied. (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  766 credit score; minimum required is 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 10.73%; guideline maximum is 50%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX in same business for over 6 years.
22NQM2 - 382 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified reserves $35,915.34 or 21.06 months in PITIA, guidelines require 3 months or $1705.77 x 3 = $5117.31

CFCFS1736: Significant time at current residence
- Clayton Comments:  10 years rental history per VOR
22NQM2 - 383 XXXXXX NY Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A B B D B D A A A B B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4289 TRID - CD: The difference between the adjustments and credits per sections K and L does not equal the Adjustments and Other Credits in the Calculating Costs to Close section No Numeric material error: CD XXX Summaries of Transactions: Adjustments for Items Paid by Seller in Advance Lines 8,9 & 10 total $7,232.70 which does not match Calculating Cash to Close: Adjustments and Other Credits total of $-315,000, 12/20/16 - Lender provide Post Close CD XXX correct value under Calculating Cash to Close - Adjustments & Other credit equaling $XXX. 12/20/16 - Exception satisfied. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 5 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has been at current residence for 7 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves: $398,663.81 or 57.04 months reserves, Guidelines require 3 months or $6,989.15 x 3 = $20,967.45 and 3 months reserves for additional REO XXX or $3,387 x 3 = $10,161.00 total reserves required $31,128.45
22NQM2 - 383 XXXXXX NY Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A B B D B D A A A B B Credit Application Satisfied D A D A CRDAPP130 Application is incomplete No Final URLA reflects proposed payments other for $3,779.31 documentation to verify other not found in loan file. DTI inaccurate. 12/21/16 - Lender provided evidence the $XXX broken down to City Property tax of $XXX/mo and School taxes of $XXX/mo in addition to the county real estate taxes. 12/211/16 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 5 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has been at current residence for 7 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves: $398,663.81 or 57.04 months reserves, Guidelines require 3 months or $6,989.15 x 3 = $20,967.45 and 3 months reserves for additional REO XXX or $3,387 x 3 = $10,161.00 total reserves required $31,128.45
22NQM2 - 384 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 44.87% Guidelines allow 75%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score 736 Guidelines allow 720

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Reserves of $326,512.57; verified as 111.58 months PITIA. Guidelines allow 3 months or ($ 2,926.17 x 3 = $8,778.51)Additional Reserves for REO Other than Subject may be waived since properties have a recent 12 month paid-as-agreed history
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Compliance Ability to Repay/Qualified Mortgage Satisfied D A D A CMPATRQM3220 TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. No Based on verification documents in file, borrower is XXX employed. Verification documents reveal that  borrower's earnings are made payable to XXX.  In addition, file contains a CPA letter stating borrower is XXX employed in the business XXX.  Missing XXX employed documents required per Client guidelines: 1) Signed most recent XXX years personal federal tax returns, including all schedules. 2) signed most recent XXX years federal business tax returns, including all schedules. 3) Lender to also provide documentation to explain the connection between XXX noted on the 1003, XXX on the VOEs, and XXX noted in the CPA letter as XXX. Additional conditions may apply. 5/9/2018- Lender provided exception form waiving the requirement for tax returns. Exception remains. Exception approval form acknowledged. 05/10/2018 - Lender provided a XXX Business entity detail for XXX. Exception remains. 05/16/2018 - Lender provided the XXX personal/business tax returns and letter of explanation on the connection between the companies noted in the exception. 05/16/2018 - Exception satisfied.  (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4031 TRID - CD: The Years to First Rate Change on the Loan Terms section of Final Closing Disclosure does not match the Years to First Rate Change on the Note No Per CD issued XXX, XXX payment change is year XXX.  Per note and ARM rider in file, XXX change date is XXX. 05/16/2018 - Lender provided copy of un-executed revised note, deed and ARM Rider. XXX Compliance reviewed and requested confirmation if the Client has confirmed if the original note/deed/ARM Rider or the original CD was correct. XXX Compliance noted that if the original note was correct, it appears that it may be just a matter of of getting a post close CD to reflect XXX as per the note, but it appears lender is changing note to reflect the CD. In additional, the letter of explanation stated that lender is having documents executed and re-recorded to "correct the ARM Rider" which sounds like a separate issue.  XXX Compliance requested that Client provide more information regarding the information.  5/29/2018: Lender provided the corrected Note and Arm Rider with the product reflected as a XXX arm. 5/29/2018: Exception satisfied. However, exception XXX  generated as a result. Numeric Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4039 TRID - CD: The Maximum Amount at First Payment Change on the AP Table of the Final Closing Disclosure does not match Claytons calculated Maximum Amount at First Payment Change No Per CD dated XXX, the AP table maximum payment at XXX payment change is XXX,Review calculated per note and arm rider XXX. 05/16/2018 - Lender provided copy of un-executed revised note, deed and ARM Rider. XXX Compliance reviewed and requested confirmation if the Client has confirmed if the original note/deed/ARM Rider or the original CD was correct.  XXX Compliance noted that if the original note was correct, it appears that it may be just a matter of of getting a post close CD to reflect XXX as per the note, but it appears lender is changing note to reflect the CD. In additional, the letter of explanation stated that lender is having documents executed and re-recorded to "correct the ARM Rider" which sounds like a separate issue. XXX Compliance requested that Client provide more information regarding the information. 5/29/2018: Lender provided the corrected Note and Arm Rider with the product reflected as a XXX arm. 5/29/2018: Exception satisfied. However, exception CMPTRID4044  generated as a result. Numeric Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4052 TRID - CD: The "First Change Beginning of X Month on the AIR Table of the Final Closing Disclosure does not match the Number of Months to First Rate Change on the Note No Per CD issued XXX, XXX change beginning month is month XXX. Per note and arm rider, review calculated month XXX. 05/16/2018 - Lender provided copy of un-executed revised note, deed and ARM Rider. XXX Compliance reviewed and requested confirmation if the Client has confirmed if the original note/deed/ARM Rider or the original CD was correct. XXX Compliance noted that if the original note was correct, it appears that it may be just a matter of of getting a post close CD to reflect XXX as per the note, but it appears lender is changing note to reflect the CD. In additional, the letter of explanation stated that lender is having documents executed and re-recorded to "correct the ARM Rider" which sounds like a separate issue. XXX Compliance requested that Client provide more information regarding the information. 5/29/2018: Lender provided the corrected Note and Arm Rider with the product reflected as a XXX arm. 5/29/2018: Exception satisfied. However, exception XXX  generated as a result. Numeric Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Compliance TILA/RESPA Integrated Disclosure Satisfied N/A A N/A A CMPTRID4044 TRID - CD: The "First Change" Limit on the AIR Table of the Final Closing Disclosure does not match the Initial Rate Cap on the Note No 5/29/2018-The XXX Change limit on the AIR table of CD XXX is XXX and does not match the Initial Rate Cap limit of XXX disclosed on the Note terms. 06/07/2018 - Lender responded that they are providing borrower with a new note correcting the XXX change cap to XXX instead of XXX which is how the documents were supposed to be drawn. Exception remains pending receipt of the new note. 6/14/2018: Lender provided the new note. 6/14/2018: Exception satisfied Numeric Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Credit Assets Satisfied D A D A CRDAST2354 Asset Verification In File is Incomplete Per Requirements No Business assets utilized for reserves.  Missing documentation required per Client guidelines: 1) missing personal/business tax returns required to be evaluated for use of business funds for reserves; 2) documentation of borrower's percentage ownership - reserves may need to be adjusted - per Client guidelines, borrower must be at least 50% owner. 5/9/2018- Lender provided exception form waiving the requirement for tax returns. Exception remains. Exception approval form acknowledged. 05/10/2018 - Lender provided a XXXException remains. 05/16/2018 - Lender provided the 2016/2015 personal/business tax returns and letter of explanation on the connection between the companies noted in the exception. 05/16/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Credit Income/Employment Satisfied B A B A CRDINC2496 Verbal verification of employment completed outside the stated requirements and/or after closing/funding No Missing evidence of the existence of XXX, required per Client guidelines.  Based on verification documents in file, borrower is XXX employed. Verification documents reveal that  borrower's earnings are made payable to XXX.  In addition, file contains a CPA letter stating borrower is XXX employed in the business XXX.   05/16/2018 - Lender provided the 2016/2015 personal/business tax returns and letter of explanation on the connection between the companies noted in the exception. Based on explanation, documentation provided is sufficient.  05/16/2018 - Exception satisfied.  (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Credit Income/Employment Satisfied D A D A CRDINC2408 Income verification does not meet guidelines No Based on verification documents in file, borrower is XXX. Verification documents reveal that  borrower's earnings are made payable to borrower's business XXX.  In addition, file contains a CPA letter stating borrower is XXX in the business XXX  Missing XXX documents required per Client guidelines: 1) Signed most recent 2 years personal federal tax returns, including all schedules. 2) signed most recent 2 years federal business tax returns, including all schedules. 3) Lender to also provide documentation to explain the connection between XXX noted on the 1003, Buy XXX on the VOEs, and XXX noted in the CPA letter as borrower's business. Additional conditions may apply. 5/9/2018- Lender provided exception form waiving the requirement for tax returns. Exception remains. Exception approval form acknowledged. 05/10/2018 - Lender provided a XXX Exception remains. 05/16/2018 - Lender provided the 2016/2015 personal/business tax returns and letter of explanation on the connection between the companies noted in the exception. 05/16/2018 - Exception satisfied. However, additional exception generated for missing signed personal/business returns. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 385 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A C A D A D B D A C B D A Property Valuations Value Satisfied C A C B PRVAVALU153 Value Not Supported No A field review is recommended.  The 3rd-party desk review value of XXX is XXX less than the appraised value of XXX, which exceeds the maximum tolerance of XXX. 05/14/2018 - Lender provided field review completed XXX supporting the appraised value of XXX as stated.Exception satisfied. 05/14/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 39.20%; maximum permitted is 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 794 is 74 points above the minimum required of 720.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 18 months; guidelines is 0x30 for 12 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.77% is 7.23 points below the maximum permitted of 43%.
22NQM2 - 386 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A D A B B D B A A D A B B Compliance Federal Consumer Protection Waived B B B B CMPFDCP3206 NMLS License verification found Loan Originator Name does not match ID No XXX License verification found Loan Originator Name does not match ID - LO name in XXX includes middle name, no name variation without middle name. 10/5/2018- Client requested for waiver. 10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified Reserves of $208,396.66 or 33.15 months PITIA reserves exceeds 6 months PITIA required reserves.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower resided at departure residence for 20years.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with same business for 8 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI at 22.11% versus the maximum allowed of 43%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 25 months 0/30 versus the minimum required of 12 months.
22NQM2 - 386 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A D A B B D B A A D A B B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No Per Arm Rider, loan is Assumable but CD dated XXX discloses assumption not allowed. 4/2/2018: Lender provided a post close CD dated XXX with the Assumption selection corrected in Loan Disclosures. However, the letter of explanation to the borrower was not provided.  Exception remains pending receipt of the letter.10/5/2018- Client requested for waiver. 10/5/2018- Waiver applied. Non-Numeric Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified Reserves of $208,396.66 or 33.15 months PITIA reserves exceeds 6 months PITIA required reserves.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower resided at departure residence for 20years.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with same business for 8 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI at 22.11% versus the maximum allowed of 43%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 25 months 0/30 versus the minimum required of 12 months.
22NQM2 - 386 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A D A B B D B A A D A B B Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Provide desk review to support appraised value of XXX. 3.27.18 XXX Desk Review received valued at XXX dated XXX, value supported. 3.27.18 Exception Satisfied. (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified Reserves of $208,396.66 or 33.15 months PITIA reserves exceeds 6 months PITIA required reserves.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower resided at departure residence for 20years.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with same business for 8 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI at 22.11% versus the maximum allowed of 43%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 25 months 0/30 versus the minimum required of 12 months.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No Per Arm Rider, loan is Assumable Not for fixed period but when loan converts to adjustable rate.  CD reflects not assumable.  4/3/2018- Lender provided PC CD dated XXX correcting issue, letter to borrower and proof of delivery. 4/3/2018- Exception satisfied. Non-Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4074 TRID - CD: The Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the second column as based on the Note terms No The Minimum Payment of $7327 disclosed in the Year 6 column of the Projected Payments section of final CD does not match the Clayton calculated amount of $6353.23. 4/3/2018- Lender provided PC CD dated XXX correcting issue, letter to borrower and proof of delivery. 4/3/2018- Exception satisfied. However, exceptions XXX. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4075 TRID - CD: The Minimum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the third column as based on the Note terms No The Minimum Payment of $6382 disclosed in the Year 7 column of the Projected Payments section of final CD does not match the Clayton calculated amount of $6353.23. 4/3/2018- Lender provided PC CD dated XXX correcting issue, letter to borrower and proof of delivery. 4/3/2018- Exception satisfied. However, exceptions XXX. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4076 TRID - CD: The Minimum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the fourth column as based on the Note terms No The Minimum Payment of $6382 disclosed in the Year 8-30 column of the Projected Payments section of final CD does not match the Clayton calculated amount of $6353.23. 4/3/2018- Lender provided PC CD dated XXX correcting issue, letter to borrower and proof of delivery. 4/3/2018- Exception satisfied. However, exceptions XXX Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4082 TRID - CD: The Total Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the second column as based on the Note terms No The Estimated Total Minimum Payment of $8216 disclosed in the Year 6 column of the Projected Payments section of final CD does not match the Clayton calculated amount of $7242.29. 4/3/2018- Lender provided PC CD dated XXX correcting issue, letter to borrower and proof of delivery. 4/3/2018- Exception satisfied. However, XXX Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4083 TRID - CD: The Total Minimum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the third column as based on the Note terms No The Estimated Total Minimum Payment of $7271 disclosed in the Year 7 column of the Projected Payments section of final CD does not match the Clayton calculated amount of $7242.29. 4/3/2018- Lender provided PC CD dated XXX correcting issue, letter to borrower and proof of delivery. 4/3/2018- Exception satisfied. However, exceptions XXX. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID4084 TRID - CD: The Total Minimum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the fourth column as based on the Note terms No The Estimated Total Minimum Payment of $7271 disclosed in the Year 8-30 column of the Projected Payments section of final CD does not match the Clayton calculated amount of $7242.29. 4/3/2018- Lender provided PC CD dated XXX correcting issue, letter to borrower and proof of delivery. 4/3/2018- Exception satisfied. However, exceptions XXX Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A A N/A A CMPTRID4078 TRID - CD: The Maximum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated maximum payment for the second column as based on the Note terms No The Maximum Payment of $11,756 disclosed in the Year 6 column of the Projected Payments section of CD XXX does not match the Clayton calculated amount of $10,541.52. 4/12/2018: Lender provided Post Close CD XXX correcting the Maximum Payment for year 6, a letter of explanation to the borrower and proof of delivery.  4/12/2018: Exception satisfied.  However, system generated exception XXX as a result of the review. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A A N/A A CMPTRID4079 TRID - CD: The Maximum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated maximum payment for the third column as based on the Note terms No The Maximum Payment of $13,220 disclosed in the Year 7 column of the Projected Payments section of  CD  XXX does not match the Clayton calculated amount of $12,283.94. 4/12/2018: Lender provided Post Close CD XXX correcting the Maximum Payment for year 7, a letter of explanation to the borrower and proof of delivery.  4/12/2018: Exception satisfied.  However, system generated exception XXX as a result of the review. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A A N/A A CMPTRID4080 TRID - CD: The Maximum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated maximum payment for the fourth column as based on the Note terms No The Maximum Payment of $13,220 disclosed in the Year 8-30 column of the Projected Payments section of  CD XXX does not match the Clayton calculated amount of $13,170.89. 4/12/2018: Lender provided Post Close CD XXX correcting the Maximum Payment for year 8-30, a letter of explanation to the borrower and proof of delivery. However, system generated exception XXX as a result of the review. 4/12/2018: Exception satisfied Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A A N/A A CMPTRID4098 TRID - CD: The Total Maximum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total maximum payment for the second column as based on the Note terms No The Total Maximum Payment of $12,645 disclosed in the Year 6 column of the Projected Payments section of CD XXX does not match the Clayton calculated amount of $11,430.58 4/12/2018: Lender provided Post Close CD XXX correcting the Total Maximum Payment for year 6, a letter of explanation to the borrower and proof of delivery.  4/12/2018: Exception satisfied.  However, additional exception generated XXX Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A A N/A A CMPTRID4099 TRID - CD: The Total Maximum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total maximum payment for the third column as based on the Note terms No The Total Maximum Payment of $14,109 disclosed in the Year 7 column of the Projected Payments section of CD XXX does not match the Clayton calculated amount of $13,173. 4/12/2018: Lender provided Post Close CD XXX correcting the Total Maximum Payment for year 7, a letter of explanation to the borrower and proof of delivery.  4/12/2018: Exception satisfied.  However, additional exception generated XXX Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A A N/A A CMPTRID4100 TRID - CD:  The Total Maximum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total maximum payment for the fourth column as based on the Note terms No The Total Maximum Payment of $14,109 disclosed in the Year 8-30 column of the Projected Payments section of CD XXX does not match the Clayton calculated amount of $14,059.95.  4/12/2018: Lender provided Post Close CD XXX correcting the Total Maximum Payment for year 8-30, a letter of explanation to the borrower and proof of delivery.  4/12/2018: Exception satisfied.  However, additional exception generated XXX Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A B N/A B CMPTRID3940 TRID - CD: The year in which the max payment can occur as stated in the Loan Terms section does not match the year range associated with the highest possible payment in the Projected Payments section No On Post close CD XXX, the highest  maximum payment disclosed in Projected payments section is $13,171 in year 8-30. The highest maximum payment disclosed in Loan Terms of same CD is $13,220 in year 7.  4/13/2018: Lender provided a post close CD dated XXX with the correct year and maximum payment, a letter of explanation to the borrower and proof of delivery.  4/13/2018: Exception satisfied. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Credit DTI Satisfied C A C A CRDDTI134 Debt Ratio Exception =>10% No DTI of 63.83% exceeds 43% maximum by 23.83 points and also exceeds lender DTI of 48.82%.  Variance due to XXX rental income being accounted for twice in initial underwriter, once in XXX income analysis and second with rental leases. 4/2/2018- Lender responded.  XXX and is not part of his XXX. Ive confirmed thatthe UW was correct with her calculation based on the 2 leases provided (duplex) at 75% and excluding the TI. There is a mtg. on the property and we have a VOM in the file confirming that there is not payment as it is a balloon due in 20194/3/2018- Lender provided exception approval form allowing max DTI at 55% 4/3/2018- Exception satisfied.   Income recalculated and new DTI is 48.28%  (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Credit DTI Satisfied N/A A N/A A CRDDTI105 Debt Ratio Exception 5% or Less No DTI currently 48.28%.  Per guidelines max DTI can go to 55% with approve exception.  Missing exception approval. 04/11/2018 - Lender provided exception approval for DTI > 43% noting the following factors:  Borrowers' contribution exceeds requirement by >5%, 5 years in current job and mortgage history of 0x30 for 24 months.Guideline requirement of DTI up to 55% with exception met. 04/11/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Credit Income/Employment Satisfied D A D A CRDINC2408 Income verification does not meet guidelines No File is missing an additional year's W2.  Client guidelines require W-2s for the most recent 2 years. 4/2/2018- Lender provided 2 years W2s. 4/2/2018- Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Credit Re-Verifications Satisfied C A C A CRDRVRFC1803 Debts/Obligations that were not discl at origination revealed through independent re-verification No Property profile report for XXX reflects mortgage with XXX. recorded XXX in the amount of $74,000, and file does not reflect this mortgage on 1003.  Provide evidence that property is not owned by borrowers or evidence of PITIA payment to be included in DTI calculation.  Additional exceptions may apply. 4/4/2018- Lender responded.  The lien recorded XXX in the amount of $XXX on XXX lien on XXX that was recorded XXX. The reason for the difference in recording dates is due to XXX. being in a different county and also taking the holiday in to consideration. Exception remains.  The property detail provided in loan file reflect and Lien amount on XXX 04/11/2018- Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Credit Terms/Guidelines Waived B B B B CRDTER109 Cash Out Amount Exceeds Guidelines No Per guidelines, max cash out is $250,000, can go higher with exception.  Borrower total cash out is $XXX. 4/2/2018- Lender provided exception approval form for cash-out to $350KException remains.  Exception approval form acknowledged.04/11/2018 - Lender provided copy of exception approval.Exception remains.  Exception approval form acknowledged.10/5/2018- Client requested for waiver. 10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 387 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Missing desk review supporting appraised value of $XXX. 3.28.18 XXX Desk Review received valued at $XXX dated XXX, value supported. 3.28.18 Exception Satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with current business for 7 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  75% LTV is 5% less than the maximum program LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 668 is 48 points above minimum program requirement of 620.
22NQM2 - 388 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No The Assumption selection in Loan Disclosures on CD is " will not allow assumption of this loan." This selection does not match the assumption terms on the Arm Rider. 4/4/2018: Lender provided a post close CD with the correct Assumption selection. 4/4/2018: Exception satisfied Non-Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrowers have been XXX in same job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum FICO for program is 620 for primary wage earner.  Representative score is 720.
22NQM2 - 388 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4038 TRID - CD: The Minimum Amount at First Payment Change on the AP Table of the Final Closing Disclosure does not match Claytons calculated Minimum Amount at First Payment Change No Final CD dated XXX The Minimum Amount at First Payment Change value of $2798 disclosed on the AP Table does not match Claytons calculated Minimum Amount at First Payment Change value of $2304.17. 4/4/2018: Lender provided a post close CD with the Minimum Amount at First Payment Change on the AP Table corrected, a letter of explanation to the borrower and proof of delivery. 4/4/2018: Exception satisfied. Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrowers have been XXX in same job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum FICO for program is 620 for primary wage earner.  Representative score is 720.
22NQM2 - 388 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4074 TRID - CD: The Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the second column as based on the Note terms No Final CD dated XXX The Minimum Payment value of $2798 as disclosed in second column on the Projected Payments section does not match Clayton's calculated minimum payment of $2304.17 as based on the Note terms. 4/4/2018: Lender provided a post close CD with the Minimum Payment value in the second column of the Projected Payments section corrected, a letter of explanation to the borrower and proof of delivery. 4/4/2018: Exception satisfied Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrowers have been XXX in same job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum FICO for program is 620 for primary wage earner.  Representative score is 720.
22NQM2 - 388 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4082 TRID - CD: The Total Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the second column as based on the Note terms No Final CD dated XXX The Total  Minimum Payment value of $4487 as disclosed in second column on the Projected Payments section does not match Clayton's calculated minimum payment of $3993.41 as based on the Note terms. 4/4/2018: 4/4/2018: Lender provided a post close CD with the Total Minimum Payment value in the second column of the Projected Payments section corrected, a letter of explanation to the borrower and proof of delivery. 4/4/2018: Exception satisfied Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrowers have been XXX in same job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum FICO for program is 620 for primary wage earner.  Representative score is 720.
22NQM2 - 388 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Credit Income/Employment Satisfied D A D A CRDINC2408 Income verification does not meet guidelines No Per guidelines, XXX months bank statements required.  File is missing XXX XXX business bank statement ending XXX 04/10/2018 - Lender provided the XXX business bank statement. 04/10/2018 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrowers have been XXX in same job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum FICO for program is 620 for primary wage earner.  Representative score is 720.
22NQM2 - 388 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Credit Income/Employment Waived D B D B CRDINC3258 Missing Profit and Loss statement for one or more Self Employed borrowers No Per guidelines, Profit and Loss prepared by borrower is required.  File is missing Profit and Loss statement. 04/10/2018 - Lender provided the  CPA letter reviewed with the origination file confirming a 10% expense ratio.Exception remains as Option Three of  guidelines for bank statement loans also require a borrower prepared P&L to support the earnings/expenses when using business bank statements.10/5/2018- Client requested for waiver. 04/10/2018 - After further review by Senior Underwriter, exception graded B. Both borrowers have been XXX for 15 year and FICO score of 720 exceeds minimum requirement of 620 by 100 points.10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrowers have been XXX in same job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum FICO for program is 620 for primary wage earner.  Representative score is 720.
22NQM2 - 388 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B D A C B D B D B D A C B Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Missing desk review supporting appraised value of $XXX 3.26.18 XXX Desk Review received valued at $XXX dated XXX, value supported. 3.26.18 Exception Satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrowers have been XXX in same job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum FICO for program is 620 for primary wage earner.  Representative score is 720.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance Federal Consumer Protection Waived B B B B CMPFDCP4569 NMLS License verification found Loan Originator Name does not match ID but can identify that the LO is the same No The individual loan originator's name on the file documents is missing the middle name included on the XXX license. 10/5/2018- Client requested for waiver. 10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No Assumption selection on the Final CD dated XXX does not match the clause in the mortgage, CD disclosed (will not allow assumption), Mortgage Doc and Arm Rider disclosed Assumable (Not for fixed period; upon credit approval for adj period). 5/29/2018: Lender provided a post close CD dated XXX with the correct Assumption selection, a letter of explanation to the borrower and proof of delivery. 5/29/2018: Exception satisfied.     Non-Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4074 TRID - CD: The Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the second column as based on the Note terms No Final CD dated XXX The Minimum Payment as disclosed in second column on the Projected Payments section does not match Clayton's calculated minimum payment for the second column as based on the Note terms, CD disclosed from Band 2: ($1541.00) and Clayton disclosed from Band 2: ($1388.34). 5/29/2018: Lender provided post close CD dated XXX with the correct minimum payment value in Projected Payments, a letter of explanation to borrower and proof of delivery. 5/29/2018: Exception satisfied . Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4075 TRID - CD: The Minimum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the third column as based on the Note terms No Final CD dated XXX The Minimum Payment as disclosed in third column on the Projected Payments section does not match Clayton's calculated minimum payment for the third column as based on the Note terms, CD disclosed from Band 3: ($1393.00) and Clayton disclosed from Band 3: ($1388.34). 5/29/2018: Lender provided post close CD dated XXX with the correct minimum payment value in Projected Payments, a letter of explanation to borrower and proof of delivery. 5/29/2018: Exception satisfied.    Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4076 TRID - CD: The Minimum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the fourth column as based on the Note terms No Final CD dated XXX The Minimum Payment as disclosed in fourth column on the Projected Payments section does not match Clayton's calculated minimum payment for the fourth column as based on the Note terms, CD disclosed from Band 4: ($1393.00) and Clayton disclosed from Band 4: ($1388.34). 5/29/2018: Lender provided post close CD dated XXX with the correct minimum payment value in Projected Payments, a letter of explanation to borrower and proof of delivery. 5/29/2018: Exception satisfied.  Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4082 TRID - CD: The Total Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the second column as based on the Note terms No Final CD dated XXX The Total Minimum Payment as disclosed in second column on the Projected Payments section does not match Clayton's calculated Total minimum payment for the second column as based on the Note terms, CD disclosed from Band 2: ($1541.00) and Clayton disclosed from Band 2: ($1388.34). 5/29/2018: Lender provided post close CD dated XXX with the correct minimum payment value in Projected Payments, a letter of explanation to borrower and proof of delivery. 5/29/2018: Exception satisfied.   Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4083 TRID - CD: The Total Minimum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the third column as based on the Note terms No Final CD dated XXX The Total Minimum Payment as disclosed in third column on the Projected Payments section does not match Clayton's calculated Total minimum payment for the third column as based on the Note terms, CD disclosed from Band 3: ($1393.00) and Clayton disclosed from Band 3: ($1388.34). 5/29/2018: Lender provided post close CD dated XXX with the correct minimum payment value in Projected Payments, a letter of explanation to borrower and proof of delivery. 5/29/2018: Exception satisfied.  Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4084 TRID - CD: The Total Minimum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the fourth column as based on the Note terms No Final CD dated XXX The Total Minimum Payment as disclosed in fourth column on the Projected Payments section does not match Clayton's calculated Total minimum payment for the fourth column as based on the Note terms, CD disclosed from Band 4: ($1393.00) and Clayton disclosed from Band 4: ($1388.34). 5/29/2018: Lender provided post close CD dated XXX with the correct minimum payment value in Projected Payments, a letter of explanation to borrower and proof of delivery. 5/29/2018: Exception satisfied.   Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Credit Income/Employment Satisfied B A B A CRDINC3204 Income Documentation Missing No Lender to provide documentation to support the P&L statement was signed by a CPA or licensed tax preparer.  Unable to determine signor's name, and licensing status missing from loan file.  Client guidelines require P&L to be prepared by CPA or licensed tax preparer when option three of guidelines utilized for qualifying income. 5/29/2018- Lender provided evidence that CPA completed Profit and Loss statement. 5/29/2018- Exception satisfied. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 389 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B A D A C B D B B A D A C B Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Missing desk review supporting appraised value of $XXX. 06/07/2018 - Desk Review received supporting appraised value of $XXX as stated with no variance. 06/07/2018 - Exception satisfied. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrowers employed in the same profession 20 and 22 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; maximum permitted is 85%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30 for 26 months; requirement is 0x30 for 12 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 748 is 128 points above the minimum required of 620.
22NQM2 - 390 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A B B B B B B A A B B Compliance Federal Consumer Protection Waived B B B B CMPFDCP3206 NMLS License verification found Loan Originator Name does not match ID No NMLS spells first name differently and middle name is present;  1003 has different first name and no middle name. 10/5/2018- Client requested to waived. 10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 45 years in current XXX

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV at 36.424% versus the maximum allowed of 80%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified Post Close assets of $122,617.20 or 30.39 months PITI reserves.  6 months PITI reserves required for the subject property.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 60 months 0 x 30 versus the minimum required of 12 months
22NQM2 - 390 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A B B B B B B A A B B Credit DTI Waived B B B B CRDDTI106 Debt Ratio Exception >5% and <10% No The back end DTI of 52.60% is 9.60% > maximum DTI of 43% but matches lender's DTI of 52.595%.  Lender's guidelines state can allow up to 55% LTV; however, missing approved exception from the file. 10/5/2018- Client requested to waived. 10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 45 years in current XXX

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV at 36.424% versus the maximum allowed of 80%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified Post Close assets of $122,617.20 or 30.39 months PITI reserves.  6 months PITI reserves required for the subject property.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 60 months 0 x 30 versus the minimum required of 12 months
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance Federal Consumer Protection Waived B B B B CMPFDCP4569 NMLS License verification found Loan Originator Name does not match ID but can identify that the LO is the same No XXX name on the NMLS database does not match exactly to the name on the loan documents.  Loan documents does not reflect XXX name. 10/5/2018- Client requested for waiver. 10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance State Rate Spread Waived B B B B CMPSRS2051 CA Higher-Priced Loan No Test APR is 6.528%, Benchmark rate is 4.590% a variance of 1.938%. Maximum variance allowed is 1.500%. 10/5/2018- Client requested for waiver. 10/5/2018- Exception waived. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID3716 TRID - Curable issue related to the Closing Disclosure in file No The Seller name and address is missing from the Transaction Information section on CD XXX. 9.20.18 Lender provided PC CD dated XXX Includes seller information  9.24.18 Exception Satisfied (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No Note and closing docs state loan is assumable, Cd states loan is not assumable. 9.20.18 Lender provided PC CD dated XXX that corrects the assumability indicator to match mortgage  9.24.18 Exception Satisfied Non-Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4074 TRID - CD: The Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the second column as based on the Note terms No The Minimum Payment of $1436.00 disclosed on the second column (Years 6) on the Projected Payment Section of CD XXX does not match Clayton calculation minimum payment of $1327.44 9.20.18 Lender provided PC CD dated XXX that corrects the minimum payment in the projected payments section. 9.24.18 Exception Satisfied Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4075 TRID - CD: The Minimum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the third column as based on the Note terms No The Minimum Payment of $1331.00 disclosed on the third column (Years 7) on the Projected Payment Section of CD XXX does not match Clayton calculation minimum payment of $1327.44 9.20.18 Lender provided PC CD dated XXX that corrects the minimum payment in the projected payments section. 9.24.18 Exception satisfied Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4076 TRID - CD: The Minimum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the fourth column as based on the Note terms No The Minimum Payment of $1331.00 disclosed on the fourth column (Years 8-30) on the Projected Payment Section of CD XXX does not match Clayton calculation minimum payment of $1327.44 9.20.18 Lender provided PC CD dated XXX that corrects the minimum payment in the projected payments section. 9.24.18 Exception Satisfied Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4082 TRID - CD: The Total Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the second column as based on the Note terms No The Total Minimum Payment of $1909.00 disclosed on the second column (Years 6) on the Projected Payment Section of CD XXX does not match Clayton calculation minimum payment of $1800.62 9.20.18 Lender provided PC CD dated XXX that corrects the minimum payment in the projected payments section. 9.24.18 Exception satisfied Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4083 TRID - CD: The Total Minimum Payment as disclosed in third column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the third column as based on the Note terms No The Total Minimum Payment of $1804.00 disclosed on the third column (Years 7) on the Projected Payment Section of CD XXX does not match Clayton calculation minimum payment of $1800.62 9.20.18 Lender provided PC CD dated XXX that corrects the minimum payment in the projected payments section. 9.24.18 Exception Satisfied Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4084 TRID - CD: The Total Minimum Payment as disclosed in fourth column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the fourth column as based on the Note terms No The Total Minimum Payment of $1804.00 disclosed on the fourth column (Years 8-30) on the Projected Payment Section of CD XXX does not match Clayton calculation minimum payment of $1800.62 9.20.18 Lender provided PC CD dated XXX that corrects the minimum payment in the projected payments section. 9.24.18 Exception satisfied Numeric Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Credit DTI Waived B B B B CRDDTI106 Debt Ratio Exception >5% and <10% No 8.00% DTI exception. DTI is 51.00%.  Lender allowed DTI up to 55% with exception approval.  Missing exception approval. 09/21/2018  Lender provided the approved exception form based on high discretionary income, Borrowers' contribution exceeds requirement by 5%.  Approved exception noted however exception remains.10/5/2018- Client requested for waiver. 10/5/2018- Waiver applied. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 391 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Credit Income/Employment Waived B B B B CRDINC2408 Income verification does not meet guidelines No Missing pay stub(s) covering the most recent 30-day period providing year-to-date earnings. 10/5/2018- Client requested for waiver. 10/5/2018- Waiver applied (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has 12 years in same profession

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has 5 years in same residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Ltv at 75% versus the maximum allowed of 90%.
22NQM2 - 392 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4038 TRID - CD: The Minimum Amount at First Payment Change on the AP Table of the Final Closing Disclosure does not match Claytons calculated Minimum Amount at First Payment Change No Final CD dated XXX The Minimum Amount at First Payment Change on the AP Table does not match Claytons calculated Minimum Amount at First Payment Change, CD disclosed ($XXX) and Clayton disclosed ($XXX). Provide a post close CD with the correct Minimum Amount at First Payment Change on the AP Table and a letter of explanation to the borrower. 10/04/2018: Lender provided a post close CD dated XXX correcting the First Payment Change on the AP Table and a letter of explanation to borrower. 10/04/2018: Exception Satisfied Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower on current job 11 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-Borrower has been at present job for 10 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 25% is below max DTI of 43%.
22NQM2 - 392 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4074 TRID - CD: The Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated minimum payment for the second column as based on the Note terms No Final CD dated XXX The Minimum Payment as disclosed in second column in the Projected Payments section does not match Clayton's calculated minimum payment for the second column as based on the Note terms, CD disclosed from Band 2: ($XXX) and Clayton disclosed from Band 2: ($XXX). Provide a post close CD with the correct Minimum Payment for year XXX and a letter of explanation to the borrower. 10/04/2018: Lender provided a post close CD dated XXX correcting the Minimum Payments in Projected Payments section and a letter of explanation to borrower. 10/04/2018: Exception Satisfied Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower on current job 11 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-Borrower has been at present job for 10 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 25% is below max DTI of 43%.
22NQM2 - 392 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4082 TRID - CD: The Total Minimum Payment as disclosed in second column on the Projected Payments section of the Final Closing Disclosure which does not match Clayton's calculated total minimum payment for the second column as based on the Note terms No Final CD dated XXX The Total Minimum Payment as disclosed in second column in the Projected Payments section does not match Clayton's calculated Total minimum payment for the second column as based on the Note terms, CD disclosed from Band 2: ($XXX and Clayton disclosed from Band 2: ($XXX). Provide a post close CD with the correct Total Minimum Payment for year XXX and a letter of explanation to the borrower. 10/04/2018: Lender provided a post close CD dated XXX correcting the Total Minimum Payments in Projected Payments section and a letter of explanation to borrower. 10/04/2018: Exception Satisfied Numeric Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower on current job 11 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-Borrower has been at present job for 10 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 25% is below max DTI of 43%.
22NQM2 - 392 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Credit Assets Waived B B B B CRDAST2354 Asset Verification In File is Incomplete Per Requirements No Lender to provide the following pages from XXX 10/16/2018- Client requested to waived. 10/16/2018- Waiver applied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower on current job 11 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-Borrower has been at present job for 10 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 25% is below max DTI of 43%.
22NQM2 - 392 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Property Valuations Appraisal Satisfied A A A A PRVAAPPR3116 Missing updated valuation No Lender to provide updated valuation to support appraisal value. 7.27.18 XXX Review received valued at $XXX dated XXX, value supported. 7.27.18 Exception Satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower on current job 11 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-Borrower has been at present job for 10 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 25% is below max DTI of 43%.
22NQM2 - 393 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A B B D B D B A A B B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID4210 TRID - LE:  Either both options or neither option was checked for the Servicing topic in the LE Other Considerations section No Other Considerations section/servicing, no option was checked. 10/16/2018- Client requested to waived. 10/16/2018- Waiver applied. Non-Numeric Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  169.67 months of reserves, guidelines required 6 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Debt to income is 41.13% per lenders worksheet.
22NQM2 - 393 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A B B D B D B A A B B Credit Application Satisfied D A D A CRDAPP3822 Missing or incomplete documentation related to citizenship/residency No Missing  borrowers residency status.  The 1003 states not a U.S. citizen or a Permanent Resident Alien.  Non-permanent resident aliens, and Foreign nationals are not eligible per client guidelines. 10/4/2018- Lender provided 1003 reflecting borrower is an US Citizens. 10/4/2018- Exception satified (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  169.67 months of reserves, guidelines required 6 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Debt to income is 41.13% per lenders worksheet.
22NQM2 - 393 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A B B D B D B A A B B Credit Credit/Mtg History Waived B B B B CRDCRMH124 Collections, Liens, etc. not paid as required by guidelines No Per client guidelines required XXX balance of $XXX and XXX to be paid off. 10/16/2018- Client requested to waived. 10/16/2018- Waiver applied. (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  169.67 months of reserves, guidelines required 6 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Debt to income is 41.13% per lenders worksheet.
22NQM2 - 394 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B C A D A B B D B C A D A B B Compliance Ability to Repay/Qualified Mortgage Waived N/A B N/A B CMPATRQM4821 TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a better status than the Lender's status determination. No Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a better status than the Lender's status determination.  10/16/2018- Client requested to waived. 10/16/2018- Waiver applied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower with same employer for 6.8 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-borrower with same employer for 5.2 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 48 months 0/30 exceeds guidelines of 12 months 0/30.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  $52,202.86 reserves for 10.21 months; required 6 months.

CFCFS1747: Housing expense increase is 10% or less
- Clayton Comments:  Housing expense increase is 10% or less at 6.96%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers resided at current residence for 12 years.
22NQM2 - 394 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B C A D A B B D B C A D A B B Compliance TILA/RESPA Integrated Disclosure Satisfied B B B B CMPTRID4352 TRID - CD: At least one section contains formatting that does not comply with the Regulation No The fees in Other Costs section H are missing the payee names. Provide a post close CD with payee names disclosed and a letter of explanation. 10/04/2018: Lender provided a post close CD dated XXX with the payee names included and a letter of explanation to the borrower. 10/04/2018: Exception satisfied Hybrid Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower with same employer for 6.8 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-borrower with same employer for 5.2 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 48 months 0/30 exceeds guidelines of 12 months 0/30.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  $52,202.86 reserves for 10.21 months; required 6 months.

CFCFS1747: Housing expense increase is 10% or less
- Clayton Comments:  Housing expense increase is 10% or less at 6.96%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers resided at current residence for 12 years.
22NQM2 - 394 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B C A D A B B D B C A D A B B Credit Ability to Repay/Qualified Mortgage Satisfied C A C A CRDATRQM3124 TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination. No Lender did not provide an ATR/QM status determination.   7/30/2018- Lender provided status on tape. 7/30/2018- Exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower with same employer for 6.8 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-borrower with same employer for 5.2 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 48 months 0/30 exceeds guidelines of 12 months 0/30.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  $52,202.86 reserves for 10.21 months; required 6 months.

CFCFS1747: Housing expense increase is 10% or less
- Clayton Comments:  Housing expense increase is 10% or less at 6.96%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers resided at current residence for 12 years.
22NQM2 - 394 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B C A D A B B D B C A D A B B Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Provide desk review to support appraised value of $XXX.  7.27.18 XXX Review received valued at $XXX dated XXX  value supported. 7.27.18 Exception Satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower with same employer for 6.8 years.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-borrower with same employer for 5.2 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 48 months 0/30 exceeds guidelines of 12 months 0/30.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  $52,202.86 reserves for 10.21 months; required 6 months.

CFCFS1747: Housing expense increase is 10% or less
- Clayton Comments:  Housing expense increase is 10% or less at 6.96%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers resided at current residence for 12 years.
22NQM2 - 395 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID4038 TRID - CD: The Minimum Amount at First Payment Change on the AP Table of the Final Closing Disclosure does not match Claytons calculated Minimum Amount at First Payment Change No Numeric material error- CD: XXX  AP Table - First Change Minimum Amount disclosed as $4,609.00, Review Calculates this to be $4,302.08 per Note terms.   6.20.19 - Client provided PCCD dated XXX correcting AP table. 6.20.19 - Exception satisfied. Numeric Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Median score of 799 is 119 points higher than the required score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.36% with maximum DTI of 50% allowable.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves at $621,676.38. Required reserves $62,614.08.
22NQM2 - 395 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID5023 TRID  CD:  The Minimum Payment disclosed in at least one column of the Final Closing Disclosure does not match the Minimum Payment that Clayton calculates based upon the Note Terms No Numeric material error-CD: XXX - Projected Payments section, Total Min Payments from Band 2 disclosed as $4609.00. Review calculates minimum payment for Band 2 as $4302.08 per note terms. Note discloses Minimum rate explicitly stated of 3.500%. 6.20.19 - Client provided PCCD dated XXX correcting projected payments section. 6.20.19 - Exception satisfied. Numeric Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Median score of 799 is 119 points higher than the required score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.36% with maximum DTI of 50% allowable.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves at $621,676.38. Required reserves $62,614.08.
22NQM2 - 395 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID5033 TRID - CD: The Total Minimum Payment disclosed in at least one column of the Projected Payments section of the Final Closing Disclosure does not match the Total Minimum Payment that Clayton calculates. No Numeric material error -CD: XXX - Projected Payments section, Total Min Payments from Band 2 disclosed as $6.806.00. Review calculates total minimum payment for Band 2 as $6,499.32 per note terms. Note discloses Minimum rate explicitly stated of 3.500%. 6.20.19 - Client provided PCCD dated XXX correcting projected payments section. 6.20.19 - Exception satisfied. Numeric Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Median score of 799 is 119 points higher than the required score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.36% with maximum DTI of 50% allowable.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves at $621,676.38. Required reserves $62,614.08.
22NQM2 - 395 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID3754 TRID - Error #3 discovered on Loan Estimate No Numeric Non Material ErrorLE XXX - Comparison section - "in 5 years" discloses Principal paid off as $106758.  Loan is IO for 10 years.  This should be $0. 7/3/2019-Client has accepted non-material compliance exception 7/3/2019-Clayton final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Median score of 799 is 119 points higher than the required score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.36% with maximum DTI of 50% allowable.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves at $621,676.38. Required reserves $62,614.08.
22NQM2 - 395 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID4352 TRID - CD: At least one section contains formatting that does not comply with the Regulation No Non numeric error - CD XXX Other Costs, Other, Home Warranty and NHD Report payee names missing. 6.20.19 - Client provided PCCD dated XXX.  Other Costs, Other, Home Warranty and NHD Report payee names missing.7.3.19 - Client resent CD XXX.  Other Costs, Other, Home Warranty and NHD Report payee names missing. 7/3/2019-Client has accepted non-material compliance exception. 7/3/2019-Clayton final grade B Hybrid Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Median score of 799 is 119 points higher than the required score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.36% with maximum DTI of 50% allowable.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves at $621,676.38. Required reserves $62,614.08.
22NQM2 - 395 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. No CD XXX - Loan Disclosures - Assumption does not match Note/Rider. 6.20.19 - Client provided PCCD dated XXX.   Loan Disclosures - Assumption does not match Note/Rider.7.3.19 - Client resent CD XXX.   Loan Disclosures - Assumption does not match Note/Rider. 7/3/2019-Clayton final grade B Non-Numeric Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Median score of 799 is 119 points higher than the required score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.36% with maximum DTI of 50% allowable.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves at $621,676.38. Required reserves $62,614.08.
22NQM2 - 395 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C B C B B B A A C B Credit Terms/Guidelines Waived B B B B CRDTER3122 Loan documents do not meet guideline requirements No Note and ARM Rider support assumable loan. Per Guides, Mortgage and final CD the loan is not assumable.  7/3/2019-Client has accepted non-material compliance exception 7/3/2019-Clayton final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Median score of 799 is 119 points higher than the required score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.36% with maximum DTI of 50% allowable.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves at $621,676.38. Required reserves $62,614.08.
22NQM2 - 396 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A B B D B B B D A B B Compliance TILA/RESPA Integrated Disclosure Satisfied N/A B N/A B CMPTRID3706 TRID - Curable Issue #1 related to the Closing Disclosure in file No TRID - Closing Disclosure: At least one section contains formatting that does not comply with the RegulationCD XXX: Formatting in all areas are not correct due to shading and coloring is missing. Under loan cost section B Title escrow fee does not have a paid to. Under contact information Mortgage broker does not have contact information, settlement agent is missing NMLS or License ID. CD XXX: Under Loan cost section B, title escrow fee is missing a paid to. Mortgage broker is still missing contact details and Settlement agent still missing NMLS or License ID. 06.20.16 Lender provided a final CD dated XXX with the corrections to section be and the broker contact information present. Exception replaced exception 3602. 06.20.16 Exception satisfied.  (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Qualifying credit score is 711; minimum required credit score per guidelines is 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is at 16.23%; max allowed DTI per guidelines is 43%.
22NQM2 - 396 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A B B D B B B D A B B Compliance TILA/RESPA Integrated Disclosure Waived B B B B CMPTRID3530 TRID - Loan Estimate: At least one section contains formatting that does not comply with the Regulation No LE XXX: Under projected payments Other is checked but no description was placed.  7.8.2016 Client acknowledgement Received 7.8.2016 Client acknowledgement Applied Non-Numeric (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Qualifying credit score is 711; minimum required credit score per guidelines is 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is at 16.23%; max allowed DTI per guidelines is 43%.
22NQM2 - 396 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A B B D B B B D A B B Credit Credit/Mtg History Waived B B B B CRDCRMH3000 # of Tradelines Does Not Meet Guideline Requirements No Guidelines require a minimum of 3 open trade lines that have a 24 month history. The Borrower only has 2 open trade lines that have been actively reporting for 12 months.  7.8.2016 Client acknowledgement Received 7.8.2016 Client acknowledgement applied (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Qualifying credit score is 711; minimum required credit score per guidelines is 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is at 16.23%; max allowed DTI per guidelines is 43%.
22NQM2 - 396 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A B B D B B B D A B B Credit Terms/Guidelines Waived B B B B CRDTER2850 ARM terms do not meet guidelines No Margin of 4.25% does not meet guideline of 5% 7.8.2016 Client acknowledgement Received 7.8.2016 Client acknowledgement Applied (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Qualifying credit score is 711; minimum required credit score per guidelines is 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is at 16.23%; max allowed DTI per guidelines is 43%.
22NQM2 - 396 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A B B D B B B D A B B Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Missing updated valuation 06.27.16 Desk review dated XXX 06.27.16 Exception satisfied.  (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Qualifying credit score is 711; minimum required credit score per guidelines is 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is at 16.23%; max allowed DTI per guidelines is 43%.
22NQM2 - 396 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A B B D B B B D A B B Property Valuations Property Satisfied D A D A PRVAPROP132 Missing HOA Certificate/Questionnaire No Missing HOA Certificate/Questionnaire 06.22.16 Lender provided a copy of the HOA questionnaire. 06.22.16 Exception satisfied. (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Qualifying credit score is 711; minimum required credit score per guidelines is 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is at 16.23%; max allowed DTI per guidelines is 43%.
22NQM2 - 397 XXXXXX NE Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A C A D A C A D A C A D A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3676 TRID - Ten percent tolerance fees increased beyond 10% at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Credit report fee increased from $12 to $20.80, Doc prep fee added $60, Recording mortgage fee added $25, settlement closing fee increased from $375 to $450 7.13.16 - lender provided LE XXX and COC. 7.13.16 - condition satisfied. (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 745 is 65 points above minimum program requirement of 680.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Borrowers have 144 months mortgage payment history 0x30.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower have lived in subject property for 13 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified assets of $79289.36 or 66.47 months in PITIA reserves guidelines require 3 months in PITIA reserves or $1192.80 x 3 = $3578.40
22NQM2 - 397 XXXXXX NE Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A C A D A C A D A C A D A C A Credit Income/Employment Satisfied C A C A CRDINC150 Income docs do not meet guidelines No Income docs do not meet guidelines due to missing:1. 12 months bank statements for XXX2. 12 months bank statements for XXXFile contain March and April 2016 statements only 7.13.16 - lender provided 12 month bank statements for: 1. 12 months bank statements for XXX2. 12 months bank statements for XXX 7.13.16 - condition satisfied. (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 745 is 65 points above minimum program requirement of 680.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Borrowers have 144 months mortgage payment history 0x30.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower have lived in subject property for 13 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified assets of $79289.36 or 66.47 months in PITIA reserves guidelines require 3 months in PITIA reserves or $1192.80 x 3 = $3578.40
22NQM2 - 397 XXXXXX NE Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A C A D A C A D A C A D A C A Credit Terms/Guidelines Satisfied C A C A CRDTER3122 Loan documents do not meet guideline requirements No Missing Borrower Affirmation for both borrowers.  7.13.16 - lender provided Borrower Affirmation for both borrowers.  7.13.16 - condition satisfied. (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 745 is 65 points above minimum program requirement of 680.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Borrowers have 144 months mortgage payment history 0x30.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower have lived in subject property for 13 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified assets of $79289.36 or 66.47 months in PITIA reserves guidelines require 3 months in PITIA reserves or $1192.80 x 3 = $3578.40
22NQM2 - 397 XXXXXX NE Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A C A D A C A D A C A D A C A Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Missing updated valuation supporting $XXX value.  7.13.16 - lender provided additional appraisal. 7.13.16 - condition satisfied (No Data) (No Data) CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 745 is 65 points above minimum program requirement of 680.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Borrowers have 144 months mortgage payment history 0x30.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower have lived in subject property for 13 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified assets of $79289.36 or 66.47 months in PITIA reserves guidelines require 3 months in PITIA reserves or $1192.80 x 3 = $3578.40
22NQM2 - 398 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 10 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has been at residence for 10 years.
22NQM2 - 399 XXXXXX AZ (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  $135.61 monthly DCR shortfall X 60 months = $8136.66 Additional Reserves RequiredASSETS:    Reserves verified in the amount of $48,721. which is 38.65 of PITI. Only requires 3 months [$1260.61 x 3= $3781.84]. One month additional reserves required for REO XXX or $1095.16Total reserves required. $14148.43

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score is 714; requires 680.
22NQM2 - 400 XXXXXX NC Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV allowed per guidelines is 80%. Loan LTV is at 75%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Reserves verified in the amount of $94,907.63 which is 50.27 months of PITI. Only requires 3 months [$1,888.06 x 3= $5,664.18]. Reserves for financed properties with a recent 12 month paid-as-agreed history may be waived. Additional 1 months reserves required for REO XXX due to missing mortgage payment history, mortgage payment amount unknown.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 20 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history is 0x30x99; guidelines require 0x30x12.
22NQM2 - 401 XXXXXX NJ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               (No Data)

 

   

Client Name:                                  
Client Project Name: BRAVO 2022-NQM2                                
Start - End Dates: 6/16/2016 - 6/3/2019                                
Deal Loan Count: 26                                
                                   
                                         
Conditions Report 2.0                                
                                         
Loans in Report: 26                                
Loans with Conditions: 19                                
                                         

 

Redacted LoanID TRID Indicator Lender Application Date Broker Application Date Initial Securitization Overall Loan Grade Final Securitization Overall Loan Grade Initial Securitization Credit Loan Grade Final Securitization Credit Loan Grade Initial Securitization Property Valuations Loan Grade Final Securitization Property Valuations Loan Grade Initial Securitization Compliance Loan Grade Final Securitization Compliance Loan Grade Initial S&P Overall Loan Grade Final S&P Overall Loan Grade Initial S&P Credit Loan Grade Final S&P Credit Loan Grade Initial S&P Property Valuations Loan Grade Final S&P Property Valuations Loan Grade Initial S&P Compliance Loan Grade Final S&P Compliance Loan Grade Did Lender Acknowledge Exception at Origination
22NQM2 - 377 Yes XXXXXX XXXXXX B B A A A A B B B B A A A A B B (No Data)
22NQM2 - 377 Yes XXXXXX XXXXXX D B A A A A D B D B A A A A D B (No Data)
22NQM2 - 378 Yes XXXXXX XXXXXX D B D A A A C B D B D A A A C B (No Data)
22NQM2 - 379 Yes XXXXXX XXXXXX D B D A C A D B D B D A C A D B (No Data)
22NQM2 - 380 Yes XXXXXX XXXXXX A A A A A A A A A A A A A A A A (No Data)
22NQM2 - 381 Yes XXXXXX XXXXXX D A B A A A D A D A B A A A D A (No Data)
22NQM2 - 382 Yes XXXXXX XXXXXX A A A A A A A A A A A A A A A A (No Data)
22NQM2 - 383 Yes XXXXXX XXXXXX D B D A A A B B D B D A A A B B (No Data)
22NQM2 - 384 Yes XXXXXX XXXXXX A A A A A A A A A A A A A A A A (No Data)
22NQM2 - 385 Yes XXXXXX XXXXXX D A D A C A D A D B D A C B D A (No Data)
22NQM2 - 386 Yes XXXXXX XXXXXX D B A A D A B B D B A A D A B B (No Data)
22NQM2 - 387 Yes XXXXXX XXXXXX D B D B D A C B D B D B D A C B (No Data)
22NQM2 - 388 Yes XXXXXX XXXXXX D B D B D A C B D B D B D A C B (No Data)
22NQM2 - 389 Yes XXXXXX XXXXXX D B B A D A C B D B B A D A C B (No Data)
22NQM2 - 390 Yes XXXXXX XXXXXX B B B B A A B B B B B B A A B B (No Data)
22NQM2 - 391 Yes XXXXXX XXXXXX C B B B A A C B C B B B A A C B (No Data)
22NQM2 - 392 Yes XXXXXX XXXXXX C B B B A A C B C B B B A A C B (No Data)
22NQM2 - 393 Yes XXXXXX XXXXXX D B D B A A B B D B D B A A B B (No Data)
22NQM2 - 394 Yes XXXXXX XXXXXX D B C A D A B B D B C A D A B B (No Data)
22NQM2 - 395 Yes XXXXXX XXXXXX C B B B A A C B C B B B A A C B No
22NQM2 - 396 Yes XXXXXX XXXXXX D B B B D A B B D B B B D A B B (No Data)
22NQM2 - 397 Yes XXXXXX XXXXXX D A C A D A C A D A C A D A C A (No Data)
22NQM2 - 398 Yes XXXXXX XXXXXX A A A A A A A A A A A A A A A A (No Data)
22NQM2 - 399 Yes XXXXXX XXXXXX A A A A A A A A A A A A A A A A (No Data)
22NQM2 - 400 Yes XXXXXX XXXXXX A A A A A A A A A A A A A A A A (No Data)
22NQM2 - 401 Yes XXXXXX XXXXXX A A A A A A A A A A A A A A A A (No Data)

 

   

Client Name:      
Client Project Name: BRAVO 2022-NQM2    
Start - End Dates: 6/16/2016 - 6/3/2019    
Deal Loan Count: 26    
       
           
Loan Level Tape Compare Upload      
           
Loans in Report 26    

 

Redacted LoanID Borrower Last Name Field Name Tape Data Reviewer Data
22NQM2 - 396 XXXXXX Combined LTV 48.90 44.65
22NQM2 - 396 XXXXXX Debt to Income Ratio (Back) 8.3530 16.2319
22NQM2 - 396 XXXXXX Margin (ARM Loan) 2.000 4.250
22NQM2 - 396 XXXXXX Note Rate 6 5.9900
22NQM2 - 396 XXXXXX Original LTV 48.90 44.65
22NQM2 - 396 XXXXXX Securitization Total Cash Out XXXXXX XXXXXX
22NQM2 - 377 XXXXXX Total Cash Out XXXXXX XXXXXX
22NQM2 - 377 XXXXXX Total Cash Out XXXXXX XXXXXX
22NQM2 - 378 XXXXXX Property Type Detached PUD Attached PUD
22NQM2 - 378 XXXXXX Total Cash Out XXXXXX XXXXXX
22NQM2 - 379 XXXXXX Total Cash Out XXXXXX XXXXXX
22NQM2 - 380 XXXXXX Documentation Type Alt Doc/Bank Statements Full Doc
22NQM2 - 381 XXXXXX Documentation Type Alt Doc/Bank Statements Full Doc
22NQM2 - 382 XXXXXX Documentation Type Alt Doc/Bank Statements SIVA
22NQM2 - 383 XXXXXX Debt to Income Ratio (Back) 14.2660 10.9134
22NQM2 - 383 XXXXXX Documentation Type Alt Doc/Bank Statements Full Doc
22NQM2 - 384 XXXXXX Documentation Type Alt Doc/Bank Statements SIVA
22NQM2 - 385 XXXXXX Amortized Term 360 480
22NQM2 - 385 XXXXXX Credit Report Date XXXXXX XXXXXX
22NQM2 - 385 XXXXXX Debt to Income Ratio (Back) 35.6670 32.2021
22NQM2 - 385 XXXXXX First Rate Change Date XXXXXX XXXXXX
22NQM2 - 385 XXXXXX Lender Name XXXXXX XXXXXX
22NQM2 - 385 XXXXXX Loan Purpose Cashout Refi Rate and Term Refi
22NQM2 - 385 XXXXXX Original Appraised Value XXXXXX XXXXXX
22NQM2 - 385 XXXXXX Original Term 360 480
22NQM2 - 385 XXXXXX Origination Date XXXXXX XXXXXX
22NQM2 - 385 XXXXXX Property Type SFR Detached PUD
22NQM2 - 388 XXXXXX Debt to Income Ratio (Back) 30.6900 35.8652
22NQM2 - 388 XXXXXX Original Appraised Value XXXXXX XXXXXX
22NQM2 - 388 XXXXXX Original Term 360 480
22NQM2 - 388 XXXXXX Representative Credit Score for Grading 662 720
22NQM2 - 389 XXXXXX Borrower 2 Self Employed Flag No Yes
22NQM2 - 389 XXXXXX Lender Application Date XXXXXX XXXXXX
22NQM2 - 389 XXXXXX Lender Name XXXXXX XXXXXX
22NQM2 - 389 XXXXXX Representative Credit Score for Grading 736 748
22NQM2 - 390 XXXXXX Credit Report Date XXXXXX XXXXXX
22NQM2 - 390 XXXXXX Lender Name XXXXXX XXXXXX
22NQM2 - 390 XXXXXX Loan Purpose Cashout Refi Rate and Term Refi
22NQM2 - 390 XXXXXX Origination Date XXXXXX XXXXXX
22NQM2 - 391 XXXXXX Credit Report Date XXXXXX XXXXXX
22NQM2 - 391 XXXXXX Lender Application Date XXXXXX XXXXXX
22NQM2 - 391 XXXXXX Lender Name XXXXXX XXXXXX
22NQM2 - 391 XXXXXX Original Appraised Value XXXXXX XXXXXX
22NQM2 - 391 XXXXXX Property Type SFR Detached PUD
22NQM2 - 391 XXXXXX Representative Credit Score for Grading 756 759
22NQM2 - 392 XXXXXX Amortized Term 480 360
22NQM2 - 392 XXXXXX Borrower 2 First Name XXXXXX XXXXXX
22NQM2 - 392 XXXXXX Borrower 2 Self Employed Flag No Yes
22NQM2 - 392 XXXXXX Credit Report Date XXXXXX XXXXXX
22NQM2 - 392 XXXXXX Debt to Income Ratio (Back) 27.4880 24.8151
22NQM2 - 392 XXXXXX Documentation Type Full Doc Alt Doc
22NQM2 - 392 XXXXXX Lender Application Date XXXXXX XXXXXX
22NQM2 - 392 XXXXXX Lender Name XXXXXX XXXXXX
22NQM2 - 392 XXXXXX Maturity Date XXXXXX XXXXXX
22NQM2 - 392 XXXXXX Original Term 480 360
22NQM2 - 393 XXXXXX Credit Report Date XXXXXX XXXXXX
22NQM2 - 393 XXXXXX Documentation Type Full Doc Alt Doc
22NQM2 - 393 XXXXXX Lender Application Date XXXXXX XXXXXX
22NQM2 - 393 XXXXXX Lender Name XXXXXX XXXXXX
22NQM2 - 394 XXXXXX Amortized Term 360 480
22NQM2 - 394 XXXXXX Borrower 1 Self Employed Flag Yes No
22NQM2 - 394 XXXXXX Credit Report Date XXXXXX XXXXXX
22NQM2 - 394 XXXXXX Debt to Income Ratio (Back) 38.9360 35.8887
22NQM2 - 394 XXXXXX Lender Application Date XXXXXX XXXXXX
22NQM2 - 394 XXXXXX Lender Name XXXXXX XXXXXX
22NQM2 - 394 XXXXXX Original Term 360 480
22NQM2 - 394 XXXXXX Property Type SFR Detached PUD
22NQM2 - 397 XXXXXX Documentation Type Alt Doc/Bank Statements Full Doc
22NQM2 - 399 XXXXXX Documentation Type Alt Doc/Bank Statements SIVA
22NQM2 - 400 XXXXXX Documentation Type Alt Doc/Bank Statements Full Doc
         

 

©2022 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited. 

 

   

Client Name:                                                                                                                                                                                                                                                                                                                                                                                                                                            
Client Project Name: BRAVO 2022-NQM2                                                                                                                                                                                                                                                                                                                                                                                                                                          
Start - End Dates: 6/16/2016 - 6/3/2019                                                                                                                                                                                                                                                                                                                                                                                                                                          
Deal Loan Count: 26                                                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                 
ATR QM Upload                                                                                                                                                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Loans in Report: 26                                                                                                                                                                                                                                                                                                                                                                                                                                          

 

Redacted LoanID Deal Seller Loan Number Original Principal Balance State Loan Level ATR/QM Status Lender Provided ATR/QM Worksheet Initial Lender ATR/QM Status Application Date Borrowers Qualified Through a Non-Resident Alien Program Occupancy Property Type Number of Units Loan Type Exempt Loan Product Type Exempt Loan Housing Agency Community Housing Development Credit Under Economic Stabilization Act Of 2008 Refinance Of Non-Standard Mortgage Higher Priced Covered Transaction State Prepay Exceptions Loan Purpose Loan Term Exceeds 30 Years Interest Only Feature Negative Amortization Balloon Payment Prepay Penalty Flag Prepayment Penalty Type Prohibited Prepayment Penalty Exceeds Points And Fees Exceeds DTI Limit Lien Position APR QM Calculated DTI Adherence QM Lenders DTI Adherence QM Fee Adherence - Total Charges % QM Fee Adherence - Lenders Fee % Fannie Mae Eligible Freddie Mac Eligible VA Guaranty Eligible FHA Insured Eligible USDA Guarantee Eligible Rural Housing Service Insured Eligible QM - Expected Income Or Assets For DTI QM - Current Employment Status For DTI QM - Monthly Payment On Subject Loan For DTI QM - Monthly Payment On Additional Loan For DTI QM - Monthly Payment Mortgage Related Obligations QM - Current Debt Obligations Alimony and Child Support for DTI QM - Monthly DTI Ratio Or Residual Income ATR - Guidelines Provided to Document Approach ATR - Current And Expected Income And Assets ATR - Current Employment Status ATR - Mortgage Payment Obligation ATR - Mortgage Payment on Simultaneous Transaction ATR - Payment For Mortgage Related Obligations ATR - Debt Obligations Including Alimony and Child Support ATR - Monthly DTI Ratio or Residual Income ATR - Consumer Credit History ATR Lenders - DTI (Back) ATR Calculated DTI (Back) QM Lender Value DTI (Back) QM Calculated DTI (Back) Initial DTI (Back) DTI Qualifying (Back) Residual Income Analysis in File Residual Income Guidelines Did Loan Meet Guidelines Residual Income Amount Short Sale Short Sale Date Deed In Lieu Deed In Lieu Date QRM Flag Borrower 2 Guarantor Flag Borrower 3 Guarantor Flag Borrower 4 Guarantor Flag Borrower 1 Paystub Flag Borrower 1 Paystub Number of Months Borrower 2 Paystub Flag Borrower 2 Paystub Number of Months Borrower 3 Paystub Flag Borrower 3 Paystub Number of Months Borrower 4 Paystub Flag Borrower 4 Paystub Number of Months Borrower 1 W2 Flag Borrower 1 W2 Number of Months Borrower 2 W2 Flag Borrower 2 W2 Number of Months Borrower 3 W2 Flag Borrower 3 W2 Number of Months Borrower 4 W2 Flag Borrower 4 W2 Number of Months Borrower 1 Personal Tax Return Flag Borrower 1 Personal Tax Return Number of Months Borrower 2 Personal Tax Return Flag Borrower 2 Personal Tax Return Number of Months Borrower 3 Personal Tax Return Flag Borrower 3 Personal Tax Return Number of Months Borrower 4 Personal Tax Return Flag Borrower 4 Personal Tax Return Number of Months Borrower 1 Business Tax Return Flag Borrower 1 Business Tax Return Number of Months Borrower 2 Business Tax Return Flag Borrower 2 Business Tax Return Number of Months Borrower 3 Business Tax Return Flag Borrower 3 Business Tax Return Number of Months Borrower 4 Business Tax Return Flag Borrower 4 Business Tax Return Number of Months Borrower 1 Verbal VOE Flag Borrower 1 Verbal VOE Number of Months Borrower 2 Verbal VOE Flag Borrower 2 Verbal VOE Number of Months Borrower 3 Verbal VOE Flag Borrower 3 Verbal VOE Number of Months Borrower 4 Verbal VOE Flag Borrower 4 Verbal VOE Number of Months Borrower 1 Written VOE Flag Borrower 1 Written VOE Number of Months Borrower 2 Written VOE Flag Borrower 2 Written VOE Number of Months Borrower 3 Written VOE Flag Borrower 3 Written VOE Number of Months Borrower 4 Written VOE Flag Borrower 4 Written VOE Number of Months Borrower 1 P&L Flag Borrower 1 P&L Number of Months Borrower 2 P&L Flag Borrower 2 P&L Number of Months Borrower 3 P&L Flag Borrower 3 P&L Number of Months Borrower 4 P&L Flag Borrower 4 P&L Number of Months Borrower 1 Lease Agreement Flag Borrower 1 Lease Agreement Number of Months Borrower 2 Lease Agreement Flag Borrower 2 Lease Agreement Number of Months Borrower 3 Lease Agreement Flag Borrower 3 Lease Agreement Number of Months Borrower 4 Lease Agreement Flag Borrower 4 Lease Agreement Number of Months Equity Income Flag Equity Income Amount Equity Income Number of Months DSCR with Rent Schedule Flag DSCR with Rent Schedule Income Amount DSCR with Lease Agreement Flag DSCR with Lease Agreement Income Amount DSCR % Borrower 1 CPA Letter with Income Flag Borrower 1 CPA Letter with Income Number of Months Borrower 1 CPA Letter without Income Flag Borrower 1 CPA Letter without Income Number of Months Borrower 2 CPA Letter with Income Flag Borrower 2 CPA Letter with Income Number of Months Borrower 2 CPA Letter without Income Flag Borrower 2 CPA Letter without Income Number of Months Borrower 3 CPA Letter with Income Flag Borrower 3 CPA Letter with Income Number of Months Borrower 3 CPA Letter without Income Flag Borrower 3 CPA Letter without Income Number of Months Borrower 4 CPA Letter with Income Flag Borrower 4 CPA Letter with Income Number of Months Borrower 4 CPA Letter without Income Flag Borrower 4 CPA Letter without Income Number of Months Borrower 1 Personal Bank Statements Flag Borrower 1 Personal Bank Statements Number of Months Borrower 2 Personal Bank Statements Flag Borrower 2 Personal Bank Statements Number of Months Borrower 3 Personal Bank Statements Flag Borrower 3 Personal Bank Statements Number of Months Borrower 4 Personal Bank Statements Flag Borrower 4 Personal Bank Statements Number of Months Borrower 1 Business Bank Statements Flag Borrower 1 Business Bank Statements Number of Months Borrower 2 Business Bank Statements Flag Borrower 2 Business Bank Statements Number of Months Borrower 3 Business Bank Statements Flag Borrower 3 Business Bank Statements Number of Months Borrower 4 Business Bank Statements Flag Borrower 4 Business Bank Statements Number of Months Borrower 1 Award Letter Flag Borrower 1 Award Letter Number of Months Borrower 2 Award Letter Flag Borrower 2 Award Letter Number of Months Borrower 3 Award Letter Flag Borrower 3 Award Letter Number of Months Borrower 4 Award Letter Flag Borrower 4 Award Letter Number of Months Borrower 1 Offer Letter Flag Borrower 1 Offer Letter Number of Months Borrower 2 Offer Letter Flag Borrower 2 Offer Letter Number of Months Borrower 3 Offer Letter Flag Borrower 3 Offer Letter Number of Months Borrower 4 Offer Letter Flag Borrower 4 Offer Letter Number of Months Borrower 1 IRS Transcripts - Tax Returns Flag Borrower 1 IRS Transcripts - Tax Returns Number of Months Borrower 1 IRS Transcripts - W2s Flag Borrower 1 IRS Transcripts - W2s Number of Months Borrower 2 IRS Transcripts - Tax Returns Flag Borrower 2 IRS Transcripts - Tax Returns Number of Months Borrower 2 IRS Transcripts - W2s Flag Borrower 2 IRS Transcripts - W2s Number of Months Borrower 3 IRS Transcripts - Tax Returns Flag Borrower 3 IRS Transcripts - Tax Returns Number of Months Borrower 3 IRS Transcripts - W2s Flag Borrower 3 IRS Transcripts - W2s Number of Months Borrower 4 IRS Transcripts - Tax Returns Flag Borrower 4 IRS Transcripts - Tax Returns Number of Months Borrower 4 IRS Transcripts - W2s Flag Borrower 4 IRS Transcripts - W2s Number of Months Borrower 1 Income Doc Type Summary Borrower 2 Income Doc Type Summary Borrower 3 Income Doc Type Summary Borrower 4 Income Doc Type Summary
22NQM2 - 377 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Second Home Detached PUD 1 Conventional No No No No (No Data) Yes No Cashout Refi No No No No No (No Data) (No Data) Yes No 1 6.8510 Yes Yes 4.872 Not Applicable (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 32.35 31.87 32.36 31.87 31.87 32.38 No No (No Data) 3580.34 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 35 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) CPA Letter with Income - 35 months;
Personal Bank Statements - 1 months;
(No Data) (No Data) (No Data)
22NQM2 - 377 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No (No Data) Yes No Cashout Refi No No No No No (No Data) (No Data) Yes No 1 6.2321 Yes Yes 3.82 Missing (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 37.98 32.71 37.98 32.71 32.71 32.71 No No (No Data) 6581.55 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Award Letter - 1 months;
Business Bank Statements - 12 months;
Personal Bank Statements - 12 months;
(No Data) (No Data) (No Data)
22NQM2 - 378 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary Attached PUD 1 Conventional No No No No (No Data) Yes No Cashout Refi No Yes No No No (No Data) (No Data) Yes Yes 1 7.0462 Yes No 4.243 Missing (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 45.01 48.35 45.01 40.66 40.66 49.17 No No (No Data) 7093.68 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 1 Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) Award Letter - 1 months;
Business Bank Statements - 12 months;
IRS Transcripts – W2(s) - 24 months;
Lease Agreement - 999 months;
Award Letter - 1 months;
IRS Transcripts – W2(s) - 24 months;
Personal Bank Statements - 24 months;
(No Data)
22NQM2 - 379 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No (No Data) Yes No Cashout Refi No No No No No (No Data) (No Data) Yes Yes 1 6.6741 No Yes 3.391 Missing (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 40.46 49.23 40.46 50.93 47.1 49.23 No No (No Data) 4291 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Bank Statements - 12 months;
Personal Bank Statements - 12 months;
(No Data) (No Data) (No Data)
22NQM2 - 380 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary 3 Family 3 Conventional No No No No (No Data) Yes No Rate and Term Refi No No No No No (No Data) (No Data) No Yes 1 7.4142 No No 2.554 0.000 (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 48.16 48.16 48.16 54 48.16 48.16 No No (No Data) 4801.74 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Personal Bank Statements - 12 months;
Verbal VOE with Income - 1 months;
(No Data) (No Data) (No Data)
22NQM2 - 381 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No No Yes No Purchase No No No No No (No Data) (No Data) No No 1 5.5365 Yes Yes 1.025 Unavailable (No Data) (No Data) No No No No No Yes Yes (No Data) Yes No Yes Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 10.75 10.73 10.75 11.1 10.67 10.73 No No (No Data) 236637.52 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Bank Statements - 12 months;
CPA Letter with Income - 1 months;
(No Data) (No Data) (No Data)
22NQM2 - 382 XXXXXX XXXXXX XXXXXX XXXXX ATR/QM: Exempt (No Data) (No Data) XXXXXX (No Data) Investor 3 Family 3 Conventional No No (No Data) (No Data) (No Data) Yes (No Data) Cashout Refi No No No No No (No Data) (No Data) Yes Yes 1 7.3860 No No 3.913 (No Data) (No Data) (No Data) No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) 0 0 0 0 0 0 (No Data) (No Data) (No Data) -1705.77 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) (No Data) (No Data) (No Data)
22NQM2 - 383 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No No Yes No Purchase No No No No No (No Data) (No Data) No No 1 5.9748 Yes Yes 2.339 Not Applicable (No Data) (No Data) No No No No No Yes Yes (No Data) Yes Yes Yes Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 14.26 10.91 14.26 10.91 10.91 10.91 No No (No Data) 100438.85 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Personal Bank Statements - 12 months;
(No Data) (No Data) (No Data)
22NQM2 - 384 XXXXXX XXXXXX XXXXXX XXXXX ATR/QM: Exempt (No Data) (No Data) XXXXXX (No Data) Investor 2 Family 2 Conventional No No (No Data) (No Data) (No Data) Yes (No Data) Cashout Refi No No No No No (No Data) (No Data) Yes Yes 1 7.2008 No No 3.206 (No Data) (No Data) (No Data) No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) 0 0 0 0 0 0 (No Data) (No Data) (No Data) -2926.31 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) (No Data) (No Data) (No Data)
22NQM2 - 385 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary Detached PUD 1 Conventional No No No No (No Data) No No Rate and Term Refi Yes Yes No No No (No Data) (No Data) No No 1 5.8113 Yes Yes 1.2 Missing (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 35.66 37.05 35.66 32.2 32.2 34.12 No No (No Data) 14506.04 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 2 No (No Data) No (No Data) No (No Data) Yes 2 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Bank Statements - 2 months;
Business Tax Return - 24 months;
CPA Letter with Income - 1 months;
IRS Transcripts – W2(s) - 24 months;
Lease Agreement - 999 months;
P & L - 999 months;
Personal Bank Statements - 2 months;
Personal Tax Return - 24 months;
Verbal VOE with Income - 999 months;
W2 - 24 months;
Written VOE - 1 months;
(No Data) (No Data) (No Data)
22NQM2 - 386 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary Detached PUD 1 Conventional No No No No (No Data) No No Purchase No No No No No (No Data) (No Data) No No 1 5.6436 Yes Yes 1.976 1.928 (No Data) (No Data) No No No No No Yes Yes (No Data) Yes Yes Yes Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 22.22 22.11 22.22 23.75 21.49 22.11 No No (No Data) 31327.86 No (No Data) No (No Data) No (No Data) (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Tax Return - 12 months;
CPA Letter with Income - 1 months;
IRS Transcripts – Tax Return(s) - 12 months;
Paystub - 1 months;
Personal Tax Return - 12 months;
Verbal VOE with Income - 1 months;
W2 - 12 months;
(No Data) (No Data) (No Data)
22NQM2 - 387 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary 3 Family 3 Conventional No No No No (No Data) Yes No Cashout Refi No No No No No (No Data) (No Data) No Yes 1 6.2169 No No 1.2 Unavailable (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 48.82 48.28 48.82 56 48.28 48.28 No No (No Data) 11207.95 No (No Data) No (No Data) No (No Data) (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Tax Return - 12 months;
CPA Letter with Income - 1 months;
IRS Transcripts – Tax Return(s) - 12 months;
Paystub - 1 months;
Personal Tax Return - 12 months;
W2 - 24 months;
(No Data) (No Data) (No Data)
22NQM2 - 388 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No (No Data) Yes No Cashout Refi Yes Yes No No No (No Data) (No Data) No No 1 6.0059 Yes Yes 2.345 2.349 (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 30.7 39.71 30.7 42.62 35.87 37.77 No No (No Data) 12508 No (No Data) No (No Data) No (No Data) (No Data) (No Data) Yes 2 Yes 2 No (No Data) No (No Data) Yes 24 Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 1 No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) CPA Letter with Income - 1 months;
Paystub - 2 months;
Personal Bank Statements - 24 months;
W2 - 24 months;
CPA Letter with Income - 1 months;
Paystub - 2 months;
W2 - 24 months;
(No Data) (No Data)
22NQM2 - 389 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Second Home SFR 1 Conventional No No No No (No Data) Yes No Purchase No No No No No (No Data) (No Data) No No 1 6.2461 Yes Yes 2.541 Not Applicable No No No No No No No Yes Yes (No Data) Yes Yes Yes Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 36.9 37.36 36.9 37.36 37.36 37.36 No No (No Data) 15914.43 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Bank Statements - 24 months;
P & L - 999 months;
Personal Bank Statements - 24 months;
(No Data) (No Data) (No Data)
22NQM2 - 390 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No (No Data) No No Rate and Term Refi No No No No No (No Data) (No Data) No Yes 1 5.7630 No No 1.256 0.237 (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 52.6 53.61 52.6 56.29 52.92 53.61 No No (No Data) 9690.19 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) Yes 12 Yes 12 No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 2 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Award Letter - 24 months;
Business Tax Return - 12 months;
IRS Transcripts – Tax Return(s) - 12 months;
P & L - 999 months;
Personal Bank Statements - 2 months;
Personal Tax Return - 12 months;
Verbal VOE with Income - 999 months;
IRS Transcripts – Tax Return(s) - 12 months;
Paystub - 1 months;
Personal Tax Return - 12 months;
W2 - 24 months;
(No Data) (No Data)
22NQM2 - 391 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary Detached PUD 1 Conventional No No No No (No Data) Yes No Purchase No No No No No (No Data) (No Data) No Yes 1 6.5219 No No 2.574 2.502 (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 49.85 51 0 54.27 51 51 No No (No Data) 5129.82 No (No Data) No (No Data) No (No Data) (No Data) (No Data) Yes 0 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 999 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 19 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) CPA Letter with Income - 999 months;
Paystub - 0 months;
Personal Bank Statements - 19 months;
Verbal VOE with Income - 999 months;
W2 - 24 months;
Written VOE - 24 months;
(No Data) (No Data) (No Data)
22NQM2 - 392 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Not Provided Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary Low Rise Condo (1-4) 1 Conventional No No No No (No Data) Yes No Cashout Refi No Yes No No No (No Data) (No Data) No No 1 6.5336 Yes Yes 2.086 0.005 (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 27.49 29.57 27.49 28.82 24.82 26.88 No No (No Data) 75112.31 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 Yes 24 No (No Data) No (No Data) Yes 2 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Bank Statements - 2 months;
Personal Bank Statements - 24 months;
Personal Bank Statements - 24 months;
(No Data) (No Data)
22NQM2 - 393 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Not Provided Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No (No Data) Yes No Purchase Yes Yes No No No (No Data) (No Data) No No 1 6.2953 Yes Yes 0.526 Not Applicable (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 41.13 45.32 41.13 41.34 41.34 41.34 No No (No Data) 17195.93 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 2 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Bank Statements - 2 months;
Personal Bank Statements - 12 months;
(No Data) (No Data) (No Data)
22NQM2 - 394 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Not Provided Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary Detached PUD 1 Conventional No No No No (No Data) No No Purchase Yes Yes No No No (No Data) (No Data) No Yes 1 6.1178 No Yes 2.234 2.165 (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 38.94 43.71 38.94 43.2 35.89 41.6 No No (No Data) 9785.81 No (No Data) No (No Data) No (No Data) (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) Yes 12 Yes 12 No (No Data) No (No Data) Yes 12 Yes 12 No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) Yes 1 Yes 1 No (No Data) No (No Data) Yes 999 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 1 No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 15 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Tax Return - 12 months;
CPA Letter with Income - 1 months;
IRS Transcripts – Tax Return(s) - 12 months;
P & L - 999 months;
Paystub - 1 months;
Personal Bank Statements - 15 months;
Personal Tax Return - 12 months;
Verbal VOE with Income - 999 months;
W2 - 24 months;
Written VOE - 1 months;
Business Tax Return - 12 months;
CPA Letter with Income - 1 months;
IRS Transcripts – Tax Return(s) - 12 months;
Personal Tax Return - 12 months;
Written VOE - 1 months;
(No Data) (No Data)
22NQM2 - 395 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No (No Data) No No Purchase Yes Yes No No No (No Data) (No Data) No No 1 6.2023 Yes Yes 1.357 Not Applicable (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 32.56 32.36 32.56 33.25 26.49 28.76 Yes Yes Yes 26758.51 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Tax Return - 12 months;
Personal Bank Statements - 12 months;
Personal Tax Return - 12 months;
W2 - 12 months;
(No Data) (No Data) (No Data)
22NQM2 - 396 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary Low Rise Condo (1-4) 1 Conventional No No No No No Yes No Cashout Refi No No No No No (No Data) (No Data) Yes No 1 6.1134 Yes Yes 3.854 0.000 (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 12.59 16.23 12.59 18.24 16.23 16.23 No No (No Data) 25359.94 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) CPA Letter with Income - 1 months;
Personal Bank Statements - 24 months;
Verbal VOE with Income - 1 months;
(No Data) (No Data) (No Data)
22NQM2 - 397 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Not Provided Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No No Yes No Cashout Refi No No No No No (No Data) (No Data) No No 1 6.1942 Yes Yes 1.69 Not Applicable (No Data) (No Data) No No No No No Yes Yes (No Data) Yes Yes Yes Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 39.72 38.81 39.72 38.81 38.81 38.81 No No (No Data) 5158.11 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) Yes 1 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Personal Bank Statements - 12 months;
CPA Letter with Income - 1 months;
Personal Bank Statements - 12 months;
(No Data) (No Data)
22NQM2 - 398 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No No Yes No Rate and Term Refi No No No No No (No Data) (No Data) No Yes 1 5.3220 No No 0.751 Not Applicable (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 49.76 49.77 49.76 49.77 49.77 49.77 No No (No Data) 5335.56 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Business Tax Return - 24 months;
W2 - 24 months;
(No Data) (No Data) (No Data)
22NQM2 - 399 XXXXXX XXXXXX XXXXXX XXXXX ATR/QM: Exempt (No Data) (No Data) XXXXXX (No Data) Investor Detached PUD 1 Conventional No No (No Data) (No Data) (No Data) Yes (No Data) Purchase No No No No No (No Data) (No Data) No Yes 1 7.3053 No No 2.74 (No Data) (No Data) (No Data) No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) 0 0 0 0 0 0 (No Data) (No Data) (No Data) -1260.61 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) Yes 1125.00 No (No Data) 0.8924 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) DSCR - w/rent schedule - 0 months;
(No Data) (No Data) (No Data)
22NQM2 - 400 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Second Home SFR 1 Conventional No No No No (No Data) Yes No Purchase No No No No No (No Data) (No Data) No Yes 1 6.6118 No No 0.895 Unavailable (No Data) (No Data) No No No No (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) (No Data) Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 49.04 49.04 49.04 49.04 49.04 49.04 No No (No Data) 16333.34 No (No Data) No (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 12 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Personal Bank Statements - 12 months;
(No Data) (No Data) (No Data)
22NQM2 - 401 XXXXXX XXXXXX XXXXXX XXXXX Non-QM: Lender documented all ATR UW factors Present Non-QM: Lender documented all ATR UW factors XXXXXX (No Data) Primary SFR 1 Conventional No No No No (No Data) Yes No Cashout Refi No No No No No (No Data) (No Data) Yes No 1 7.5966 Yes Yes 4.639 3.000 (No Data) (No Data) No No No No Yes Yes Yes (No Data) Yes Yes Yes Yes Documented Documented Documented Not Applicable Documented Documented Documented Documented 41.13 40.93 41.13 40.93 40.93 40.93 Yes Yes Yes 10223.19 (No Data) (No Data) (No Data) (No Data) No (No Data) (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Yes 24 No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) No (No Data) Personal Bank Statements - 24 months;
(No Data) (No Data) (No Data)

 

©2022 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited. 

 

   

Client Name:                              
Client Project Name: BRAVO 2022-NQM2                            
Start - End Dates: 6/16/2016 - 6/3/2019                            
Deal Loan Count: 26                            
                               
                                   
Rating Agency ATR QM Data Fields                            
                                   
Loans in Report:  26                            

 

Redacted LoanID Loan Level ATR/QM Status Application Date Prior to 1/10/2014 TRID Indicator Lender Application Date Broker Application Date GSE Eligible QRM Flag ATR/QM Total Points and Fees Rate Lock Date APR Bwr 1 Employment Indicator Bwr 2 Employment Indicator Bwr 1 Foreign National Indicator Bwr 2 Foreign National Indicator Borrowers Qualified Through a Non-Resident Alien Program Residual Income Analysis in File ATR/QM Residual Income
22NQM2 - 377 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 4975 XXXXXX 6.851 Employed Unemployed Non-Resident Alien Non-Resident Alien (No Data) No 0
22NQM2 - 377 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 7707.5 XXXXXX 6.2321 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 378 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 19155 XXXXXX 7.0462 Retired Retired U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 379 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 8661.47 XXXXXX 6.6741 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 380 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 10689 XXXXXX 7.4142 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 381 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 10078 XXXXXX 5.5365 Employed Unemployed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 382 ATR/QM: Exempt No Yes XXXXXX XXXXXX No No 7543.23 XXXXXX 7.386 Unemployed (No Data) U.S. Citizen (No Data) (No Data) (No Data) 0
22NQM2 - 383 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 22741.05 XXXXXX 5.9748 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 384 ATR/QM: Exempt No Yes XXXXXX XXXXXX No No 10848.48 XXXXXX 7.2008 Unemployed (No Data) U.S. Citizen (No Data) (No Data) (No Data) 0
22NQM2 - 385 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 8775 XXXXXX 5.8113 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 386 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 15425 XXXXXX 5.6436 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 387 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 15925 XXXXXX 6.2169 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 388 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 18075 XXXXXX 6.0059 Employed Employed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 389 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 7350 XXXXXX 6.2461 Employed Employed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 390 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 7495 XXXXXX 5.763 Employed Employed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 391 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 7106.7 XXXXXX 6.5219 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 392 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 49489 XXXXXX 6.5336 Employed Employed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 393 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 6425 XXXXXX 6.2953 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 394 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 14505.68 XXXXXX 6.1178 Employed Employed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 395 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 19877.5 XXXXXX 6.2023 Employed (No Data) U.S. Citizen (No Data) (No Data) Yes 26758.51
22NQM2 - 396 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 18967.5 XXXXXX 6.1134 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 397 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 2515 XXXXXX 6.1942 Employed Employed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 398 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 6215 XXXXXX 5.322 Employed (No Data) U.S. Citizen (No Data) (No Data) No 0
22NQM2 - 399 ATR/QM: Exempt No Yes XXXXXX XXXXXX No No 4035 XXXXXX 7.3053 Unemployed (No Data) U.S. Citizen (No Data) (No Data) (No Data) 0
22NQM2 - 400 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 2301.88 XXXXXX 6.6118 Employed Unemployed U.S. Citizen U.S. Citizen (No Data) No 0
22NQM2 - 401 Non-QM: Lender documented all ATR UW factors No Yes XXXXXX XXXXXX No No 9493.9 XXXXXX 7.5966 Unemployed Employed U.S. Citizen U.S. Citizen (No Data) Yes 10233.19

 

©2022 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.                       

 

   

Client Name:                                                                                                          
Client Project Name:     BRAVO 2022-NQM2                                                                                                        
Start - End Dates: 6/16/2016 - 6/3/2019                                                                                                        
Deal Loan Count: 26                                                                                                        
                                                                                                           
                                                                                                               
Valuations Summary                                                                                                              
                                                                                                               

 

Loans in Report: 26       Origination Values Automated Valuation Model Desk Review Second Desk Review Field Review Second Field Review 1004 SFR (Mar 05) 2055 Ext Only (Mar 05) BPO (Broker Price Opinion) Other AUS Information
Redacted LoanID Seller Loan Number Original Balance Sales Price Value For LTV Appraised Date Appraised Value Appraisal Form AVM Vendor Name Confidence Score Review Date Review Value Variance Amount Variance % Review Type Report Date Value Variance Amount Variance (%) AVM Vendor Name AVM FSD Confidence Score Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance % Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%) Report Date Report Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%) Other - Valuation Type Report Date Value Variance Amount Variance (%) CU Score
22NQM2 - 377 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 377 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 378 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 379 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 380 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1025 Multi-Fam (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 381 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 382 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1025 Multi-Fam (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 383 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 384 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1025 Multi-Fam (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 385 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX -14.67%   $0.00 $0.00 0.00% XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 386 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 387 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1025 Multi-Fam (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX -5.56%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 388 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX -5.45%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 389 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 390 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 2.12%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 391 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 392 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1073 Condo (Mar 05)     XXXXXX XXXXXX XXXXXX 1.56% Full Appraisal   $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX -1.56%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 393 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 394 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 395 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)     XXXXXX XXXXXX XXXXXX 0.00% Desk   $0.00 $0.00 0.00%   0.000     $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 396 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1073 Condo (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 397 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)     XXXXXX XXXXXX XXXXXX 2.63% Full Appraisal   $0.00 $0.00 0.00%   0.000     $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 398 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 399 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000     $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% 1.1
22NQM2 - 400 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)       $0.00         $0.00 $0.00 0.00%   0.000   XXXXXX XXXXXX XXXXXX 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)
22NQM2 - 401 XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX 1004 SFR (Mar 05)     XXXXXX XXXXXX XXXXXX 0.00% Desk   $0.00 $0.00 0.00%   0.000     $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%   $0.00 $0.00 0.00%     $0.00 $0.00 0.00% (No Data)

 

   

Client Name:      
Client Project Name:     BRAVO 2022-NQM2    
Start - End Dates: 6/16/2016 - 6/3/2019    
Deal Loan Count: 26    
         
Waived Conditions Summary
         

 

Review Scope Category Code Description Count
Credit Terms/Guidelines CRDTER109 Cash Out Amount Exceeds Guidelines 1
Credit Terms/Guidelines CRDTER2850 ARM terms do not meet guidelines 1
Credit Terms/Guidelines CRDTER3122 Loan documents do not meet guideline requirements 1
Credit Credit/Mtg History CRDCRMH124 Collections, Liens, etc. not paid as required by guidelines 1
Credit Credit/Mtg History CRDCRMH3000 # of Tradelines Does Not Meet Guideline Requirements 1
Credit DTI CRDDTI106 Debt Ratio Exception >5% and <10% 2
Credit Income/Employment CRDINC2408 Income verification does not meet guidelines 1
Credit Income/Employment CRDINC3258 Missing Profit and Loss statement for one or more Self Employed borrowers 1
Credit Assets CRDAST2354 Asset Verification In File is Incomplete Per Requirements 1
Compliance Ability to Repay/Qualified Mortgage CMPATRQM4821 TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a better status than the Lender's status determination. 1
Compliance TILA/RESPA Integrated Disclosure CMPTRID3530 TRID - Loan Estimate: At least one section contains formatting that does not comply with the Regulation 1
Compliance TILA/RESPA Integrated Disclosure CMPTRID3716 TRID - Curable issue related to the Closing Disclosure in file 1
Compliance TILA/RESPA Integrated Disclosure CMPTRID3754 TRID - Error #3 discovered on Loan Estimate 1
Compliance TILA/RESPA Integrated Disclosure CMPTRID4210 TRID - LE:  Either both options or neither option was checked for the Servicing topic in the LE Other Considerations section 1
Compliance TILA/RESPA Integrated Disclosure CMPTRID4352 TRID - CD: At least one section contains formatting that does not comply with the Regulation 1
Compliance TILA/RESPA Integrated Disclosure CMPTRID4463 TRID - Assumption selection on the CD does not match the clause in the mortgage. 5
Compliance Federal Consumer Protection CMPFDCP3206 NMLS License verification found Loan Originator Name does not match ID 2
Compliance Federal Consumer Protection CMPFDCP4569 NMLS License verification found Loan Originator Name does not match ID but can identify that the LO is the same 2
Compliance Federal Consumer Protection CMPFDCP847 TILA - ARM Loan Program Disclosure after 3 days from application 1
Compliance State Rate Spread CMPSRS2051 CA Higher-Priced Loan 1
Total       27

 ©2022 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited. 

 

   

Exhibit 99.3 

 

 

EXECUTIVE SUMMARY
Third Party Due Diligence Review

 

Overview

 

Consolidated Analytics, Inc (“Consolidated Analytics”), a third party due diligence provider, performed the review described below on behalf of its client, Loan Funding Structure LLC. The review included a total of 10 newly originated residential mortgage loans, in connection with the securitization identified as BRAVO 2022-NQM2 (the “Securitization”). The Review was conducted from November 2021 through March 2022 on mortgage loans originated between June 2021 and July 2021.

 

Scope of Review

 

Credit Review

 

Consolidated Analytics performed a “Credit Review” to verify compliance with guidelines in effect at the time of loan origination, or other guidelines provided by Client prior to review, and ensure the characteristics used by the underwriter are supported by the file documentation; and determine whether any loans outside of those guidelines contain legitimate and approved exceptions with compensating factors.

 

The Credit Review attempted to confirm the following:

 

a.QM or ATR Validation / Review of 8 Key Underwriting Factors

i.Income / Assets

Validate borrower(s) monthly gross income

Validate funds required to close, required reserves

Review file documentation for required level of income and asset verifications

ii.Employment Status

Review file documentation for required level of employment

iii.Monthly Mortgage Payment

Confirm program, qualifying rate, terms

iv.Simultaneous Loans

Validate all concurrent loans are included in the DTI to properly assess the ability to repay

v.Mortgage Related Obligations: PITI, HOA, PMI, etc.

Validate subject loan monthly payment (PITI) and associated obligations

vi.Debts / Obligations

Validate monthly recurring liabilities

vii.DTI and/or Residual Income

Validate debt-to-income ratio (DTI) based upon income and debt documentation provided in the file

Documentation meets Appendix Q requirements for QM Loans

viii.Credit History

Review credit report for credit history and required credit depth including any / all inquiries

Determine representative credit score from credit report

 

b.Validate loan-to-value (LTV) and combined loan-to-value

c.Review borrower’s occupancy

d.Validation through third party resource of the subject properties most recent twelve (12) month sales history

 

 

 

e.Confirm sufficient evidence in loan file, by reviewing the underwriter’s decision to approve the loan based upon the borrows income, debt, and credit history, to support borrower’s willingness and ability to repay the debt

f.Confirm that Final 1003 is sufficiently completed

g.Provide Audit 1008 with accurate data based on file documentation

h.Confirm Loan Approval conditions were met

i.Review condominium questionnaire to verify all information is complete, prepared by an authorized representative, and address any red flags that may deem condominium project ineligible

  

Compliance Review

 

Consolidated Analytics performed a “Compliance Review” to determine, as applicable, to the extent possible and subject to the caveats below, whether the loan complies with applicable regulatory requirements as noted below, each as amended, restated and/or replaced from time to time. The Compliance Review included the following:

 

a.Test Loan Estimate(s) for accuracy and completeness as well as timing requirements as required by TRID Regulations

 

b.Test Closing Disclosure(s) for accuracy and completeness as well as timing requirements as required by TRID Regulations

 

c.Tolerance Testing

i.Compare Loan Estimate and Closing Disclosures

ii.Identify Tolerance Violations and applicable cost to cure

 

d.Comprehensive review of Closing Disclosure to determine transaction accuracy

 

e.Recalculation of APR and Finance Charge

 

f.Testing of:

i.Federal High Cost Mortgage provisions

ii.Federal Higher Priced Mortgage Loans provisions

iii.Local and/or State Anti-predatory and High Cost provisions

iv.HOEPA Points and Fees

 

g.Determine whether specified federal disclosures were provided timely based upon comparison of the application date to the dates on such disclosures

i.Service Provider List

ii.Home Ownership Counselling Disclosure

iii.ARM Disclosure

 

h.Compliance with QM as it relates to:

i.APR Test

ii.Points & Fees Test

iii.Prepayment Penalty Test

iv.Product Eligibility Testing

 

i.Notice of Right to Cancel (Rescission) Review

i.Confirm transaction date, expiration date, and disbursement date

ii.Confirm document is properly executed by all required parties to the transaction

iii.Confirm the correct Right of Rescission document was executed for the transaction type

 

j.Confirm through NMLS the loan originator and originating firm's license status was active and properly disclosed on appropriate loan documents

 

 

 

k.Check the Loan participants against the exclusionary list provided by Client or by the purchaser of the Loan(s)

 

l.Review closing documents to ensure that the Mortgage Loan information is complete, accurate, and consistent with other documents; Confirm collateral documents have been recorded or sent for recording

 

The Compliance Review did not include any federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated above. Furthermore, the findings reached by Consolidated Analytics are dependent upon its receiving complete and accurate data regarding the loans from loan originators and other third parties upon which Consolidated Analytics is relying in reaching such findings.

 

Valuation Review

 

Consolidated Analytics performed a “Valuation Review,” which included the following:

 

a.Review original appraisal, determination that property is in "average" condition or better, or property requires cosmetic improvements (as defined by the appraiser) that do not affect habitability. Should an area of concern be identified with the condition of the property, Consolidated Analytics will alert Client.

b.Review appraisal, determination that property is completely constructed and appraisal is on an “as is basis,” or property is identified as not completely constructed by originating appraiser.

c.Review and determine if the appraisal report was performed on appropriate GSE forms and if the appraiser indicated in the body of the subject appraisal that the appraisal conforms to USPAP standards.

d.Review and determine the relevance of the comparable properties and ensure that a rational and reliable value was provided and supported as of the effective date of the Origination Appraisal.

e.Review adjustments (line item, net and gross adjustments) to ensure they are reasonable.

f.Ensure that the appraisal conforms to the guidelines provided from the Client.

g.Review appraisal to ensure all required documents were included.

h.Review location map provided within the appraisal for external obsolescence.

i.Ensure highest and best use and zoning complies with guidelines.

j.Confirm there are no marketability issues that affect the subject property.

k.Ensure subject property does not suffer any functional obsolescence.

l.Where applicable, determine if the file did not contain the appraisal or other valuation method and a review could not be performed.

m.Additional valuation product was not required when the CU score provided was 2.5 or below. In the event the CU score was equal to or greater than 2.5, an additional valuation product was obtained to confirm value was supported within 10% tolerance. In some instances, CDA’s were ordered on loans that had an acceptable CU score based on guidance from the seller.

 

Consolidated Analytics applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product.

 

For loans reviewed in a post-close valuation review scenario (10 loans in total):

 

Zero (0) loans had a Secondary Appraisal, 0 loans had AVMs, and 5 loans had Desktop Reviews. Consolidated Analytics has independent access to the Desktop Reviews ordered by the Aggregator.

 

If a loan with an AVM or Desktop Review fell outside of a -10% tolerance, was inconclusive, or a PIW was present, then a Field Review, a Broker Price Opinion (BPO) along with a Reconciliation of the values or a 2nd Appraisal was completed.

 

Zero (0) loans had a Field Review or BPO, and zero (0) loans had an Exterior Only Appraisal Review all of which supported value.

 

Product totals may not sum due to multiple products for each loan

 

 

 

TAPE INTEGRITY REVIEW RESULTS SUMMARY

 

Of the 10 mortgage loans reviewed, eight (6) unique mortgage loans (60.00% by loan count) had a total of 9 different tape discrepancies across 4 data fields. A blank or zero value on the data tape when an actual value was captured by Consolidated Analytics was not treated as a data variance.

 

Fields Reviewed Discrepancy Count Percentage
UW FICO Utilized 3 33.33%
Original Collateral Value Date 3 33.33%
Property Type 2 22.22%
Original Collateral Value 1 11.11%
Grand Total 9 100.00%

 

Summary of Results

 

OVERALL RESULTS SUMMARY

 

Final Loan Grades

 

Overall Loan Results:  
Event Grade Loan Count Original Principal Balance Percent of Sample
Event Grade A 6 $2,333,100.00 60.00%
Event Grade B 4 $1,368,900.00 40.00%
Event Grade C 0 $0.00 0%
Event Grade D 0 $0.00 0%
Total Sample 10 $3,702,000.00 100.00%

Credit Results:
Event Grade Loan Count Percent of Sample
Event Grade A 7 70.00%
Event Grade B 3 30.00%
Event Grade C 0 0%
Event Grade D 0 0%
Total Sample  10 100.00%

 

Compliance Results:    

 

 

 

 

Event Grade Loan Count Percent of Sample
Event Grade A 8 80.00%
Event Grade B 2 20.00%
Event Grade C 0 0%
Event Grade D 0 0%
Total Sample 10 100.00%

 

Valuation Results:
Event Grade Loan Count Percent of Sample
Event Grade A 10 100.00%
Event Grade B 0 0%
Event Grade C 0 0%
Event Grade D 0 0%
Total Sample 10 100.00%

 

 

 


Exception Category Summary

 

The table below summarizes the individual exceptions which carried an associated “A”, “B”, “C”, or “D” level exception grade. One loan may have carried more than one exception. In such cases, the exception with the lowest grade would drive the loan grade for that particular area of the review. The overall loan grade is the lowest grade for any one particular review scope (ex. a loan with a Compliance Grade of “B”, a Credit Grade of “A”, and a Property Grade of “A” would receive an overall Loan Grade of “B”).

 

Exception Type Exception Level Grade Exception Category Total
Credit A Borrower Liabilities Verification Indicator is Partial 4
Borrower Employment Verification does not meet guidelines 4
Final Loan Application is Partial 3
Borrower Income Verification does not match Approval 3
Hazard Insurance Coverage is Not Sufficient 2
Flood Certificate is Missing 1
Qualifying DTI exceeds Guideline Maximum Allowable 1
OFAC Check was not completed/Cleared. 1
Fraud Report Missing 1
Transmittal Summary is Partial 1

 

 

 

    Fraud Report Shows Uncleared Alerts 1
No Credit Findings 1
Fully Executed Purchase Contract is Partial 1
Overdraft/NSF Count Exceeds Tolerance 1
All Interested Parties Not Checked against Exclusionary Lists 1
Residual income does not meet guidelines. 1
Hazard Insurance Indicator is Partial 1
Unresolved derogatory credit 1
Insufficient cash to close. 1
Liquid Reserves are less than Guidelines Required 1
Total Credit Grade (A) Exceptions: 31
B Underwriting FICO does not meet Guideline Minimum Required 3
Loan amount is less than the minimum required loan amount 1
Total Credit Grade (B) Exceptions: 4
 Compliance  A Lender NMLS Status is Not Active 2
Originator NMLS is Not Active 2
Charges That Cannot Increase Test 1
Consummation or Reimbursement Date Validation Test 1
No Compliance Findings 1
Original PI Payment on Note does not equal PI Payment on Final Closing Disclosure 1
Reimbursement Amount Test 1
Higher-Priced Mortgage Loan Escrow Alert (12 CFR 1026.35(b)) 1
ATR/QM Status is Pending 1
Interest Rate Test 1
Total Compliance Grade (A) Exceptions: 12
B Affiliated Business Disclosure is Missing 2
Total Compliance Grade (B) Exceptions: 2
Property A Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 2
Third Party Valuation Product not Provided 2
Origination Appraisal is Partial 1
Total Property Grade (A) Exceptions: 5

 

 

 

Event Grade Definitions

 

Final Loan Grade
A Loan meets Credit, Compliance, and Valuation Guidelines
B The loan substantially meets published Client/Seller guidelines and/or eligibility in the validation of income, assets, or credit, is in material compliance with all applicable laws and regulations, and the value and valuation methodology is supported and substantially meets published guidelines.  
C The loan does not meet the published guidelines and/or violates one material law or regulation, and/or the value and valuation methodology is not supported or did not meet published guidelines.
D Loan is missing documentation to perform a sufficient review.

 

Credit Event Grades
A The loan meets the published guidelines without any exceptions. The employment, income, assets and occupancy are supported and justifiable.  The borrower’s willingness and ability to repay the loan is documented and reasonable.
B The loan substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding published guidelines.  The employment, income, assets and occupancy are supported and justifiable.  The borrower’s willingness and ability to repay the loan is documented and reasonable.  
C The loan does not substantially meet the published guidelines.  There are not sufficient compensating factors that justify exceeding the published guidelines.  The employment, income, assets or occupancy are not supported and justifiable.  The borrower’s willingness and ability to repay the loan were not documented or are unreasonable.
D There was not sufficient documentation to perform a review or the credit file was not furnished.

 

 

 

Compliance Event Grades
A The loan is in compliance with all applicable laws and regulations. The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties.
B The loan is in material compliance with all applicable laws and regulations.  The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties. Client review required.
C The loan violates one material law or regulation.  The material disclosures are absent or the legal documents do not accurately reflect the agreed upon loan terms or all required applicants did not execute the documents.
D There was not sufficient documentation to perform a review or the required legal documents were not furnished.

 

Valuation Event Grades
A The value is supported within 10% of the original appraisal by the AVM or there are other supporting documents in the originators loan file package (CDA, Field Review or Second Appraisal). The appraisal was performed on an "as-is" basis and the property is complete and habitable at origination.  The appraiser was appropriately licensed and used GSE approved forms.
B The value is not supported within 10% of the original appraisal by the AVM and there are no other valuation support documents in the loan file provided by the Seller.  The valuation methodology substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding guidelines.  The appraisal was performed on an "as-is" basis and the property is complete and habitable.  The appraiser was appropriately licensed and used GSE approved forms.  
C The value is not supported within 10% of the original appraisal.  The valuation methodology did not meet the published guidelines and there were not sufficient compensating factors for exceeding published guidelines.  The property is in below “average” condition or the property is not complete or requires significant repairs.  The appraisal was not performed on an “as is” basis.  The appraiser was not appropriately licensed or did not use GSE approved forms.
D The file was missing the appraisal or there was not sufficient valuation documentation to perform a review.

 


 

Seller Loan ID Servicer Loan Number Borrower Last Name Loan Amount State Note Date Occupancy Loan Purpose ATR/QM Status Overall Grade Credit Grade Compliance Grade Property Grade Credit Exception Credit Rebuttal Compliance Exception Compliance Rebuttal Property Exception Property Rebuttal Covered High Cost Loan Compensating Factors
22NQM2 - 403 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [XXX] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - PER GL- business debt that is less than XXX months old must be included in the DTI. Although prior car pmt (XXX) traded in/sold for new XXX - prior loan from XXX. New car note from XXX. Current XXX pmt to XXX only rated XXX months- less than XXX months old; an exception to the GL to omit this business debt would be required from Lender.  Including XXX car pmt in DTI.; [XXX] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - DTI outside GL- car pmt and full taxes added into DTI; per GL car pmt new debt less than XXX months old must be included into DTI. DTI &greater than; XXX%; this would also alter the required reserves to become XXX months.; [XXX] Residual income does not meet guidelines. - XX/XX/XXXX  - Residual income of  $XXX  does not meet minimum guidelines. ;  XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.  More than six months verified.

; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.
; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.

; XX/XX/XXXX  - Change status of 'Residual income does not meet guidelines.' from Active to Open Rebuttal.
[XXX] Interest Rate Test - XX/XX/XXXX  - Change status of 'Interest Rate Test' from Active to Acknowledged by Client.; XX/XX/XXXX  - Exception is NA,  NQM and ; [XXX] Original PI Payment on Note does not equal PI Payment on Final Closing Disclosure - XX/XX/XXXX  - Original PI Payment on Note matches Final CD
From Hard Coded form in template:
'Closing Disclosure' at XX/XX/XXX, 'Closing Disclosure' at XX/XX/XXXX; XX/XX/XXXX  - Original PI Payment on Note matches Final CD; [XXX] ATR/QM Status is Pending - XX/XX/XXXX  - ATR/QM Status is pending. Noted documentation is required per Appendix Q.; 
      No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrowerhas significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 404 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 1 2 1 [XXX] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Missing verification of the existence of business within XXX calendar days prior to the note date.  The business must be active and in existence for a minimum of XXX years and borrower must have a minimum of XXX% ownership.; [XXX] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: There are Income/Identity/Property/Third Party high alerts on the report that have not been cleared.;  XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided verification of existence prior to note date. [XXX] No Compliance Findings - XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [XXX] Affiliated Business Disclosure is Missing - XX/XX/XXXX  - The affiliate business disclosure is Missing; 
      No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 405 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [XXX] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Missing evidence of percentage of ownership of XXX. ; [XXX] Overdraft/NSF Count Exceeds Tolerance - XX/XX/XXXX  - Change severity of 'Overdraft/NSF Count Exceeds Tolerance' from Non-Material to Material.; XX/XX/XXXX  - Number of NSF's exceeds guideline maximum of XXX allowed in the past XXX months with XXX in the past XXX months. Borrower has XXX NSF's in the past XXX months with XXX in the past XXX months.  Lender exception in file (page XXX).; XX/XX/XXXX  - Change severity of 'Overdraft/NSF Count Exceeds Tolerance' from Material to Non-Material.; XX/XX/XXXX  - Overdraft/NSF count exceeds tolerance. 'Lender exception granted for NSF count  ; [XXX] All Interested Parties Not Checked against Exclusionary Lists - XX/XX/XXXX  - All Interested Parties Not Checked against Exclusionary Lists.  The last name of the Escrow Officer was not submitted, and the possible XXX hit on the Real Estate agent Daniel Morris was not addressed by the underwriter. ; [XXX] Final Loan Application is Partial - XX/XX/XXXX  - Final Loan Application is Partial. The employment section does not list all currently and active sources of employment. Missing SU distribution Inc information, % of ownership, dates of employment.;  XX/XX/XXXX  - Lender provided OFAC and XXX verification.; XX/XX/XXXX  - Change status of 'All Interested Parties Not Checked against Exclusionary Lists' from Active to Open Rebuttal. [XXX] Qualified Mortgage APR Threshold Finding - XX/XX/XXXX  - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
      No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 406 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [XXX] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Exception remains: Missing verification that the borrower has a minimum of XXX% ownership in the business.; [XXX] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.;  XX/XX/XXXX  - Lender provided proof of XXX% ownership for borrower. ; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal. [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; [XXX] Qualified Mortgage APR Threshold Finding - XX/XX/XXXX  - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; 
      No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  
22NQM2 - 407 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 2 1 [XXX] Liquid Reserves are less than Guidelines Required - XX/XX/XXXX  - Guidelines require XXX months reserves.; XX/XX/XXXX  - The liquid reserves of -XXX months or $-XXX, are less than the Guidelines minimum required of XXX or $XXX.; [XXX] OFAC Check was not completed/Cleared. - XX/XX/XXXX  - OFAC Check was not completed/cleared.; [XXX] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval. Missing Lender income calculation worksheet.; [XXX] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; [XXX] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Missing verification that borrower ownership of business is at least XXX%.; [XXX] Underwriting FICO does not meet Guideline Minimum Required - XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.; XX/XX/XXXX  - First Time Home Buyer minimum FICO is XXX per Guidelines.; XX/XX/XXXX  - Underwriting FICO of XXX is greater than or equal to the minimum required guideline FICO of XXX.; [XXX] Insufficient cash to close. - XX/XX/XXXX  - Missing assets to verify sufficient cash to close and reserves.  XXX business accounts have XXX account numbers #XXX from XX/XX/XXXX-XX/XX/XXXX and #XXX from XX/XX/XXXX-XX/XX/XXXX. Missing LOE regarding difference in account numbers.; XX/XX/XXXX  - Cash to close in the amount of XXX is greater than the available asset amount of XXX.;  XX/XX/XXXX  - Lender provided updated fraud report with clear OFAC.  * Exception resolved.; XX/XX/XXXX  - Change status of 'OFAC Check was not completed/Cleared.' from Active to Open Rebuttal.; XX/XX/XXXX  - Change status of 'Insufficient cash to close.' from Active to Open Rebuttal. [XXX] Affiliated Business Disclosure is Missing - XX/XX/XXXX  - The affiliate business disclosure is Missing; [XXX] Qualified Mortgage APR Threshold Finding - XX/XX/XXXX  - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
      No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 408 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [XXX] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.;    [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
      No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 409 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Second Home CashOut Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [XXX] Fraud Report Missing - XX/XX/XXXX  - Fraud report Missing.; [XXX] Flood Certificate is Missing - XX/XX/XXXX  - The flood certification is Missing; [XXX] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Missing tax transcripts.; XX/XX/XXXX  - The borrower income verification does not match approval;    [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
  [XXX] Third Party Valuation Product not Provided - XX/XX/XXXX  - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.; [XXX] Third Party Valuation Product Not Provided and CU Score is Greater Than XXX - XX/XX/XXXX  - Third Party Valuation Product Not Provided and CU Score is XXX.;    No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 410 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 2 2 1 1 [XXX] Loan amount is less than the minimum required loan amount - XX/XX/XXXX  - No exception noted on XXXX.  COC form dated XX/XX/XXXX (page XXX) indicates an exception was granted for loan amount, LTV, and FICO.  COC form not acceptable documentation of exception.; XX/XX/XXXX  - Loan amount of $XXX is less than the minimum required loan amount of $XXX.  ; [XXX] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - Borrower liabilities verified indicator is Partial; XX/XX/XXXX  - X) Section XXX of the XXX dated XX/XX/XXXX states, "Credit inquiries within the past XXX days must be explained and no new debt obtained unless included in the debt ratio."  Provide explanation for the credit inquiries listed on credit report XXX Credit XX/XX/XXXX and XXX DB XX/XX/XXXX .
X) Section XXX of the XXX dated XX/XX/XXXX requires, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."
; [XXX] Final Loan Application is Partial - XX/XX/XXXX  - Final Loan Application is Partial; XX/XX/XXXX  - Declarations section of the final XXX is partially completed.; [XXX] Underwriting FICO does not meet Guideline Minimum Required - XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.; XX/XX/XXXX  - No exception noted on XXXX.  COC form dated XX/XX/XXXX (page XXX) indicates an exception was granted for loan amount, LTV, and FICO.  COC form not acceptable documentation of exception.; [XXX] Hazard Insurance Indicator is Partial - XX/XX/XXXX  - (XXX) month rent loss insurance is required by section XXX of the XXX dated XX/XX/XXXX.  Evidence of property insurance and declarations page (pages XXX) do not verify rent loss insurance.  Policy description (page XXX) does not reference policy number or reflect any other identifying information to assist in connecting information with insurance policy for subject property.  ; 
XX/XX/XXXX  - XXX with declarations section completed.; XX/XX/XXXX  - Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Policy information provided on business income loss.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided explanation for inquiries. [XXX] Originator NMLS is Not Active - XX/XX/XXXX  - The originator NMLS status is Not Active in the state of XXX.; [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [XXX] Higher-Priced Mortgage Loan Escrow Alert (XXX CFR XXX(b)) - XX/XX/XXXX  - Exempt; XX/XX/XXXX  - Loan is a Higher-Priced Mortgage Loan and Escrow Indicator is No Escrows.; [XXX] Lender NMLS Status is Not Active - XX/XX/XXXX  - Change severity of 'Lender NMLS Status is Not Active' from Non-Material to Material.; XX/XX/XXXX  - The lender NMLS status is Not Active in the state of XXX. The borrower's loan file # XXX contains an exemption letter; however, the loan number of the subject loan is not listed.; 
      No Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 411 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 2 2 1 1 [XXX] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - X) Section XXX of the XXX dated XX/XX/XXXX states, "Credit inquiries within the past XXX days must be explained and no new debt obtained unless included in the debt ratio."  Provide explanation for the credit inquiries listed on credit report.
X) Section XXX of the XXX dated XX/XX/XXXX requires, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."
; [XXX] Final Loan Application is Partial - XX/XX/XXXX  - Declarations section of the final XXX is partially completed.; XX/XX/XXXX  - Final Loan Application is Partial; [XXX] Underwriting FICO does not meet Guideline Minimum Required - XX/XX/XXXX  - No exception noted in file.; XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.; 
XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Clearing exception.  Lender provided same updated/gap credit report as was in file.  Orig report dated XXX, Updated CR XXX, Note date XX/XX/XXXX.  Updated report within ten business days of closing.   The inquiries on orig report are for XXX (credit report company) and originator (XXX), from XXX.  No new credit reported from then until XXX.  [XXX] Originator NMLS is Not Active - XX/XX/XXXX  - Change severity of 'Originator NMLS is Not Active' from Material to Non-Material.; XX/XX/XXXX  - The originator NMLS status is Not Active for the state of XXX.; XX/XX/XXXX  - Originator not licensed in XXX.  There is an licensing exemption letter (page XXX) in file.; [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [XXX] Lender NMLS Status is Not Active - XX/XX/XXXX  - Lender not licensed in XXX.  There is an licensing exemption letter (page XXX) in file; however, it does not reflect the subject loan number.; 
      No Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Second Home Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [XXX] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - Provide all pages of the purchase contract for the subject property located at XXX. Amendment changing closing date was only portion of the contract provided. ; [XXX] Hazard Insurance Coverage is Not Sufficient - XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficient. The subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value of XXXX.; XX/XX/XXXX  - Hazard insurance coverage is XXX, the subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value of XXXX.; [XXX] Unresolved derogatory credit - XX/XX/XXXX  - Borrower has unresolved derogatory credit.  Section XXX of the XXX states, “No collections or charge-offs filed in the most recent XXX months (medical collections are excluded).”  Non-medical collection was filed XX/XXXX by XXX. There is no exception in file for collection account filed in most recent XXX months.; [XXX] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [XXX] Borrower Income Verification does not match Approval - XX/XX/XXXX  - X) Sections XXX and XXX of the XXX dated XX/XX/XXXX require verification of Borrower's percentage of ownership in business.  Provide CPA letter regarding XXX' ownership of XXX.
X) Provide documentation to verify if XXX-month or XXX-month bank statement income source utilized for qualification.
; [XXX] Hazard Insurance Coverage is Not Sufficient. - XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficient. The subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.; [XXX] Transmittal Summary is Partial - XX/XX/XXXX  - Section XXX of the XXX dated XX/XX/XXXX states, "Generally, loans that are eligible for sale to the Agencies (FNMA, FHLMC, FHA, USDA and VA) are ineligible for the XXX product suite. All files originated under the XXX product must be documented as non-Agency-eligible or must document that pricing under XXX is more favorable than GSE pricing."  There is an AUS with Approve/Eligible result in file (page XXX).  Provide documentation to meet quoted guideline. ; [XXX] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - X) Section XXX of the XXX dated XX/XX/XXXX states, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."  Provide report.
X) Statement from XXX (page XXX) does not list property address located in HOA.  Provide documentation to verify property with HOA dues of $XXX/yr.  If statement not related to primary residence, provide documentation to verify if any HOA dues for primary.
X) Provide documentation to verify HOA dues for subject property.  Deed of Trust indicates subject property is a PUD.
X) Provide letter of explanation for credit inquiries as required by Section XXX of the XXX dated XX/XX/XXXX.  Provide more legible copy of credit report as unable to read the credit inquiry information.  
X) Provide Closing Disclosure for purchase of XXX.  Purchase contract (page XXX) indicates closing date of XX/XX/XXXX.  
X) Provide explanation for the following XXX rent payments listed on the XXX bank statements for account ending #XXX $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX.; 
XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided CPA verification is XXX self-employed.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided verification. [XXX] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [XXX] Qualified Mortgage APR Threshold Finding - XX/XX/XXXX  - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; XX/XX/XXXX  - Exception N/A. Non-QM loan.; XX/XX/XXXX  - Change status of 'Qualified Mortgage APR Threshold Finding' from Active to Acknowledged by Client.; 
  [XXX] Origination Appraisal is Partial - XX/XX/XXXX  - Provide corrected appraisal correction which reflects subject property is a PUD and includes HOA dues and other required data.  Deed of Trust indicates subject property is PUD.; [XXX] Third Party Valuation Product Not Provided and CU Score is Greater Than XXX - XX/XX/XXXX  - Third Party Valuation Product Not Provided and CU Score is XXX.; [XXX] Third Party Valuation Product not Provided - XX/XX/XXXX  - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;  XX/XX/XXXX  - Change status of 'Origination Appraisal is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided a deed correction removing the PUD rider from the original DOT.  No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 

 

 

 

Seller Loan ID Client Loan Number Pool  Review Type Originating Lender Borrower Last Name State Note Date Loan Amount Loan Purpose Occupancy ATR/QM Status TRID Indicator Condition ID Condition Category Condition Subcategory Status Condition Grade Condition Standardized Description ComplianceEase Comments Condition Custom Description Compliance Remediation Lender Response Condition Resolution Compensating Factors
22NQM2 - 403 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   2110 Credit   Cleared 1 Qualifying DTI exceeds Guideline Maximum Allowable   XX/XX/XXXX  - DTI outside GL- car pmt and full taxes added into DTI; per GL car pmt new debt less than XXX months old must be included into DTI. DTI &>; XXX%; this would also alter the required reserves to become XXX months.;    XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX / XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.
XX/XX/XXXX  - Documentation provided to support Qualifying DTI below XXX.; XX/XX/XXXX  - Exception Resolved.; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX / XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.&#xXD;
; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.; XX/XX/XXXX  -  EXCEPTION REMAINS: No new documentation provided as of XX/XX/XXXX -   PITIA Audit calcs and final CD (pg XXX) of  $XXX compared to Lender PITIA calc of $XXX on XXX.  Lender calc didn't include  City Property Tax ($XXX per month) or School Tax ($XXX per month). ; XX/XX/XXXX  - EXCEPTION REMAINS:  PITIA Audit calcs and final CD (pg XXX) of  $XXX compared to Lender PITIA calc of $XXX on XXX.  Lender calc didn't include  City Property Tax ($XXX per month) or School Tax ($XXX per month). ; XX/XX/XXXX  - Qualifying DTI of XXX exceeds guideline maximum of XXX.
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 403 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   -99949 Compliance   Cleared 1 Interest Rate Test XX/XX/XXX  - This loan failed the interest rate test.
The loan has an interest rate that does not conform to the requirements for the lender's license type in the state where the property is located.
XX/XX/XXXX  - Change status of 'Interest Rate Test' from Active to Acknowledged by Client.; XX/XX/XXXX  - Exception is NA,  NQM and ;      XX/XX/XXXX  - This loan passed the interest rate test.
The loan has an interest rate that conforms to the requirements for the lender's license type in the state where the property is located.; XX/XX/XXXX  - Change status of 'Interest Rate Test' from Active to Acknowledged by Client.; XX/XX/XXXX  - This loan failed the interest rate test.
The loan has an interest rate that does not conform to the requirements for the lender's license type in the state where the property is located.; XX/XX/XXXX  - Exception is NA,  NQM and 
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 403 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1568 Compliance   Cleared 1 Original PI Payment on Note does not equal PI Payment on Final Closing Disclosure   XX/XX/XXXX  - Original PI Payment on Note matches Final CD
From Hard Coded form in template:
'Closing Disclosure' at XX/XX/XXXX, 'Closing Disclosure' at XX/XX/XXXX; XX/XX/XXXX  - Original PI Payment on Note matches Final CD; 
    XX/XX/XXXX  - Original PI Payment on Note matches Final CD; XX/XX/XXXX  - Original PI Payment on Note matches Final CD&#xXD;
From Hard Coded form in template:&#xXD;
'Closing Disclosure' at XX/XX/XXXX, 'Closing Disclosure' at XX/XX/XXXX
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 403 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   651 Credit   Cleared 1 Borrower Liabilities Verification Indicator is Partial   XX/XX/XXXX  - PER GL- business debt that is less than XXX months old must be included in the DTI. Although prior car pmt (XXX) traded in/sold for new XXX - prior loan from XXX. New car note from XXX. Current XXX pmt to XXX only rated XXX months- less than XXX months old; an exception to the GL to omit this business debt would be required from Lender.  Including XXX car pmt in DTI.;    XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX / XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.  More than XXX months verified.

XX/XX/XXXX  - Borrower liabilities verified indicator is Present; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX / XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.  More than XXX months verified.&#xXD;
&#xXD;
; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Exception Remains. PER GL- business debt that is less than XXX months old must be included in the DTI. Although prior car pmt (XXX) traded in/sold for new XXX - prior loan from XXX. New car note from XXX. Current XXX pmt to XXX only rated XXX months- less than XXX months old; an exception to the GL to omit this business debt would be required from Lender.  Including XXX car pmt in DTI.
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 403 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   3551 Compliance   Cleared 1 ATR/QM Status is Pending   XX/XX/XXXX  - ATR/QM Status is pending. Noted documentation is required per Appendix Q.;      XX/XX/XXXX  - NQM Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 403 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   2451 Credit   Cleared 1 Residual income does not meet guidelines.   XX/XX/XXXX  - Residual income of  $XXX  does not meet minimum guidelines. ;    XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX / XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.

; XX/XX/XXXX  - Change status of 'Residual income does not meet guidelines.' from Active to Open Rebuttal.; 
XX/XX/XXXX  - Residual income meets guidelines.    Exception Resolved.; XX/XX/XXXX  - Removing XXX auto loan payment from DTI.  Paid from business bank acct.  Lender provided further comments that support docs in origination package (pg XXX / XXX).  Sale of car and subsequent purchase of another.  Proof, in biz bank stmts, that XXX (previous auto loan) and now XXX are paid by business.&#xXD;
&#xXD;
; XX/XX/XXXX  - Change status of 'Residual income does not meet guidelines.' from Active to Open Rebuttal.
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 404 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1236 Compliance   Active 2 Affiliated Business Disclosure is Missing   XX/XX/XXXX  - The affiliate business disclosure is Missing;        Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 404 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1257 Credit   Cleared 1 Borrower Employment Verification does not meet guidelines   XX/XX/XXXX  - Missing verification of the existence of business within XXX calendar days prior to the note date.  The business must be active and in existence for a minimum of XXX years and borrower must have a minimum of XXX% ownership.;    XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided verification of existence prior to note date.;  XX/XX/XXXX  - Exception Resolved.; XX/XX/XXXX  - Lender provided documentation of business existence prior to note date.; XX/XX/XXXX  - Lender provided verification of existence prior to note date.; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.; XX/XX/XXXX  - Exception remains: Received operating agreement verifying XXX years self employment and XXX% ownership. Missing verification of existence of the business within XXX calendar days prior to the note date. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 404 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   2427 Credit   Cleared 1 Fraud Report Shows Uncleared Alerts   XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: There are Income/Identity/Property/Third Party high alerts on the report that have not been cleared.;      XX/XX/XXXX  - Alerts from Fraud Report have been cleared.; XX/XX/XXXX  - Exception resolved. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 405 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   2571 Credit   Cleared 1 Final Loan Application is Partial   XX/XX/XXXX  - Final Loan Application is Partial. The employment section does not list all currently and active sources of employment. Missing XXX information, % of ownership, dates of employment.;      XX/XX/XXXX  - Final Loan Application is Present; XX/XX/XXXX  - Lender provided LOE regarding employment section on XXX. Condition resolved. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 405 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   2402 Credit   Cleared 1 All Interested Parties Not Checked against Exclusionary Lists   XX/XX/XXXX  - All Interested Parties Not Checked against Exclusionary Lists.  The last name of the Escrow Officer was not submitted, and the possible XXX hit on the Real Estate agent XXX was not addressed by the underwriter. ;    XX/XX/XXXX  - Lender provided OFAC and Sam.gov verification.; XX/XX/XXXX  - Change status of 'All Interested Parties Not Checked against Exclusionary Lists' from Active to Open Rebuttal.;  XX/XX/XXXX  - Exception Resolved.; XX/XX/XXXX  - All Interested parties were checked and cleared with Exclusionary Lists; XX/XX/XXXX  - Lender provided OFAC and Sam.gov verification.; XX/XX/XXXX  - Change status of 'All Interested Parties Not Checked against Exclusionary Lists' from Active to Open Rebuttal. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 405 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   3472 Credit   Cleared 1 Overdraft/NSF Count Exceeds Tolerance   XX/XX/XXXX  - Change severity of 'Overdraft/NSF Count Exceeds Tolerance' from Non-Material to Material.; XX/XX/XXXX  - Number of NSF's exceeds guideline maximum of XXX allowed in the past XXX months with XXX in the past XXX months. Borrower has XXX NSF's in the past XXX months with XXX in the past XXX months.  Lender exception in file (page XXX).; XX/XX/XXXX  - Change severity of 'Overdraft/NSF Count Exceeds Tolerance' from Material to Non-Material.; XX/XX/XXXX  - Overdraft/NSF count exceeds tolerance. 'Lender exception granted for NSF count  ;      XX/XX/XXXX  - Overdraft/NSF Count does not exceed tolerance.  ; XX/XX/XXXX  - Exception resolved. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 405 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1257 Credit   Cleared 1 Borrower Employment Verification does not meet guidelines   XX/XX/XXXX  - Missing evidence of percentage of ownership of XXX. ;      XX/XX/XXXX  - x; XX/XX/XXXX  - Exception resolved. Verification of self employment provided.; XX/XX/XXXX  - Exception remains: Lender provided search from XXX however this does not verify real time percentage of ownership. Please provide another source for verification. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 406 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1257 Credit   Cleared 1 Borrower Employment Verification does not meet guidelines   XX/XX/XXXX  - Exception remains: Missing verification that the borrower has a minimum of XXX% ownership in the business.;    XX/XX/XXXX  - Lender provided proof of XXX% ownership for borrower. ; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.;  XX/XX/XXXX  - Exception Resolved.; XX/XX/XXXX  - Lender provided proof of XXX% ownership for borrower. ; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.; XX/XX/XXXX  - EXCEPTION REMAINS. Lender provided printout that does not show ownership percentage if any. Please provide documentation that verifies minimum of XXX% ownership.; XX/XX/XXXX  - Exception remains: Lender provided Franchise Tax account Status showing Registered Agent. This is not a sufficient document to verify percentage of ownership.  A Registered Agent does not mean they are the only owner of the company. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   3603 Credit   Cleared 1 No Credit Findings   XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.;      XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1257 Credit   Cleared 1 Borrower Employment Verification does not meet guidelines   XX/XX/XXXX  - Missing verification that borrower ownership of business is at least XXX%.;      XX/XX/XXXX  - CPA provided in trailing docs.; XX/XX/XXXX  - Exception resolved. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1261 Credit   Cleared 1 Borrower Income Verification does not match Approval   XX/XX/XXXX  - The borrower income verification does not match approval. Missing Lender income calculation worksheet.;      XX/XX/XXXX  - The borrower income verification does match approval; XX/XX/XXXX  - Exception resolved. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1462 Credit   Cleared 1 Liquid Reserves are less than Guidelines Required   XX/XX/XXXX  - Guidelines require XXX months reserves.; XX/XX/XXXX  - The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX;      XX/XX/XXXX  - Exception Resolved&#xXD;
; XX/XX/XXXX  - Lender provided trailing asset docs to cure.  XXX checking acct #XXXX input into XXX.  Doc housed in XXX (XXX).; XX/XX/XXXX  - The liquid reserves of XXX months or $XXX, is greater than or equal to the Guidelines minimum required of XXX or $XXX.; XX/XX/XXXX  - * Trailing Doc/QC follow-up:   EXCEPTION REMAINS.  Lender provided commentary for additional assets but support not provided or in imaged file.&#xXD;
&#xXD;
QC Auditor amended assets in XXX to capture XXX #XXXX (XX/XX/XXXX) and $XXX EMD.&#xXD;
&#xXD;
Lender's trailing doc submission lists a $XXX Gift, additional XXX accts (#XXXX + #XXXX), and a XXX account; however, no statements provided and none in imaged file. ; XX/XX/XXXX  - The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX.
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   2424 Credit   Cleared 1 OFAC Check was not completed/Cleared.   XX/XX/XXXX  - OFAC Check was not completed/cleared.;    XX/XX/XXXX  - Lender provided updated fraud report with clear OFAC.  * Exception resolved.; XX/XX/XXXX  - Change status of 'OFAC Check was not completed/Cleared.' from Active to Open Rebuttal.;  XX/XX/XXXX  - OFAC Check was completed and cleared.; XX/XX/XXXX  - Lender provided updated fraud report with clear OFAC.  * Exception resolved.; XX/XX/XXXX  - Change status of 'OFAC Check was not completed/Cleared.' from Active to Open Rebuttal. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   1236 Compliance   Active 2 Affiliated Business Disclosure is Missing   XX/XX/XXXX  - The affiliate business disclosure is Missing;        Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   894 Credit   Acknowledged 2 Underwriting FICO does not meet Guideline Minimum Required   XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.; XX/XX/XXXX  - First Time Home Buyer minimum FICO is XXX per Guidelines.; XX/XX/XXXX  - Underwriting FICO of XXX is greater than or equal to the minimum required guideline FICO of XXX.;      XX/XX/XXXX  - Lender approved exception provided. Condition acknowledged.; XX/XX/XXXX  - Change status of 'Underwriting FICO does not meet Guideline Minimum Required' from Active to Acknowledged by Client.; XX/XX/XXXX  - Change severity of 'Underwriting FICO does not meet Guideline Minimum Required' from Material to Non-Material.; XX/XX/XXXX  - FTHB minimum XXX per XXX (XX/XX/XXXX), Section X.X, pg XXX of Guide.   Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   2095 Credit   Cleared 1 Insufficient cash to close.   XX/XX/XXXX  - Missing assets to verify sufficient cash to close and reserves.  XXX business accounts have two account numbers #XXXX from XX/XX/XXXX-XX/XX/XXXX and #XXXX from XX/XX/XXXX-XX/XX/XXXX. Missing LOE regarding difference in account numbers.; XX/XX/XXXX  - Cash to close in the amount of XXX is greater than the available asset amount of XXX.;    XX/XX/XXXX  - Change status of 'Insufficient cash to close.' from Active to Open Rebuttal.;  XX/XX/XXXX  - Exception Resolved.; XX/XX/XXXX  - Lender provided trailing asset docs to cure.  XXX checking acct #XXXX input into XXX.  Doc housed in XXX (XXX).; XX/XX/XXXX  - Sufficient cash to close is documented.; XX/XX/XXXX  - Exception Remains. Cash to close in the amount of XXX is greater than the available asset amount of XXX. Lender provided additional asset verification, total verified is $XXX.; XX/XX/XXXX  - Change status of 'Insufficient cash to close.' from Active to Open Rebuttal.; XX/XX/XXXX  - * Trailing Doc/QC follow-up:   EXCEPTION REMAINS.  Lender provided commentary for additional assets but support not provided or in imaged file.&#xXD;
&#xXD;
QC Auditor amended assets in XXX to capture XXX #XXXX (XX/XX/XXXX) and $XXX EMD.&#xXD;
&#xXD;
Lender's trailing doc submission lists a $XXX Gift, additional XXX accts (#XXXX + #XXXX), and a XXX account; however, no statements provided and none in imaged file. ; XX/XX/XXXX  - Cash to close in the amount of XXX is greater than the available asset amount of XXX.
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 407 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Owner occupied Non-QM: Lender documented all ATR UW factors   3602 Compliance   Cleared 1 No Compliance Findings   XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
    XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 409 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Second Home Non-QM: Lender documented all ATR UW factors   3580 Property   Cleared 1 Third Party Valuation Product not Provided   XX/XX/XXXX  - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;      XX/XX/XXXX  - Third Party Valuation Product Provided Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 409 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Second Home Non-QM: Lender documented all ATR UW factors   2077 Credit   Cleared 1 Fraud Report Missing   XX/XX/XXXX  - Fraud report Missing.;      XX/XX/XXXX  - Fraud report Present.; XX/XX/XXXX  - Exception resolved. Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 409 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Second Home Non-QM: Lender documented all ATR UW factors   3158 Property   Cleared 1 Third Party Valuation Product Not Provided and CU Score is Greater Than XXX   XX/XX/XXXX  - Third Party Valuation Product Not Provided and CU Score is XXX.;      XX/XX/XXXX  - Third Party Valuation Product Provided. Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 409 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Second Home Non-QM: Lender documented all ATR UW factors   942 Credit   Cleared 1 Flood Certificate is Missing   XX/XX/XXXX  - The flood certification is Missing;      XX/XX/XXXX  - The flood certification is Present; XX/XX/XXXX  - Exception resolved. Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 409 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Second Home Non-QM: Lender documented all ATR UW factors   1261 Credit   Cleared 1 Borrower Income Verification does not match Approval   XX/XX/XXXX  - Missing tax transcripts.; XX/XX/XXXX  - The borrower income verification does not match approval;      XX/XX/XXXX  - The borrower income verification does match approval.  Exception resolved Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   1691 Compliance   Cleared 1 Originator NMLS is Not Active   XX/XX/XXXX  - The originator NMLS status is Not Active in the state of XXX.;      XX/XX/XXXX  - The originator NMLS status is Active Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   3415 Credit   Acknowledged 2 Loan amount is less than the minimum required loan amount   XX/XX/XXXX  - No exception noted on XXX.  COC form dated XX/XX/XXXX (page XXX) indicates an exception was granted for loan amount, LTV, and FICO.  COC form not acceptable documentation of exception.; XX/XX/XXXX  - Loan amount of $XXX is less than the minimum required loan amount of $XXX.  ;      XX/XX/XXXX  - Change severity of 'Loan amount is less than the minimum required loan amount' from Material to Non-Material.; XX/XX/XXXX  - Approved lender exception provided; XX/XX/XXXX  - Change status of 'Loan amount is less than the minimum required loan amount' from Active to Acknowledged by Client. Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   651 Credit   Cleared 1 Borrower Liabilities Verification Indicator is Partial   XX/XX/XXXX  - Borrower liabilities verified indicator is Partial; XX/XX/XXXX  - X) Section XXX of the XXX dated XX/XX/XXXX states, "Credit inquiries within the past XXX days must be explained and no new debt obtained unless included in the debt ratio."  Provide explanation for the credit inquiries listed on credit report XXX XX/XX/XXXX and XXX XX/XX/XXXX .
X) Section XXX of the XXX dated XX/XX/XXXX requires, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."
  XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided explanation for inquiries.;  XX/XX/XXXX  - Borrower liabilities verified indicator is Present; XX/XX/XXXX  - Lender provided explanation for inquiries.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Exception Remains:&#xXD;
X) Section XXX of the XXX dated XX/XX/XXXX states, "Credit inquiries within the past XXX days must be explained and no new debt obtained unless included in the debt ratio."  Provide explanation for the credit inquiries listed on credit report XXX XX/XX/XXXX and XXX XX/XX/XXXX .&#xXD;
X) Section XXX of the XXX dated XX/XX/XXXX requires, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process.". Lender states this is part of a XXX pack loan and previous response would be the same for this loan. Please respond to this loan to document loan file.; XX/XX/XXXX  - Exception Remains:&#xXD;
X) Section XXX of the XXX dated XX/XX/XXXX states, "Credit inquiries within the past XXX days must be explained and no new debt obtained unless included in the debt ratio."  Provide explanation for the credit inquiries listed on credit report XXX XX/XX/XXXX and XXX XX/XX/XXXX .&#xXD;
X) Section XXX of the XXX dated XX/XX/XXXX requires, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."
Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   2571 Credit   Cleared 1 Final Loan Application is Partial   XX/XX/XXXX  - Final Loan Application is Partial; XX/XX/XXXX  - Declarations section of the final XXX is partially completed.;    XX/XX/XXXX  - XXX with declarations section completed.; XX/XX/XXXX  - Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal.;  XX/XX/XXXX  - Exception resolved.; XX/XX/XXXX  - Final Loan Application is Present; XX/XX/XXXX  - XXX with declarations section completed.; XX/XX/XXXX  - Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal. Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   894 Credit   Acknowledged 2 Underwriting FICO does not meet Guideline Minimum Required   XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.; XX/XX/XXXX  - No exception noted on XXX.  COC form dated XX/XX/XXXX (page XXX) indicates an exception was granted for loan amount, LTV, and FICO.  COC form not acceptable documentation of exception.;      XX/XX/XXXX  - Change severity of 'Underwriting FICO does not meet Guideline Minimum Required' from Material to Non-Material.; XX/XX/XXXX  - Lender provided an approval exception for FICO.  XXX versus XXX program minimum.; XX/XX/XXXX  - Change status of 'Underwriting FICO does not meet Guideline Minimum Required' from Active to Acknowledged by Client.; XX/XX/XXXX  - Exception remains. Lender provided an email conversation log however it does not reflect that loan amount and FICO are approved as an exception to Guidelines. Provide Lender approved exception. Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   3510 Compliance   Cleared 1 Higher-Priced Mortgage Loan Escrow Alert (12 CFR 1026.35(b))   XX/XX/XXXX  - Exempt; XX/XX/XXXX  - Loan is a Higher-Priced Mortgage Loan and Escrow Indicator is No Escrows.;      XX/XX/XXXX  - Exempt; XX/XX/XXXX  - Loan is a Higher-Priced Mortgage Loan and Escrow Indicator is No Escrows. Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   871 Credit   Cleared 1 Hazard Insurance Indicator is Partial   XX/XX/XXXX  - (XXX) month rent loss insurance is required by section XX.X of the XXX dated XX/XX/XXXX.  Evidence of property insurance and declarations page (pages XXX-XXX) do not verify rent loss insurance.  Policy description (page XXX) does not reference policy number or reflect any other identifying information to assist in connecting information with insurance policy for subject property.  ;    XX/XX/XXXX  - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Policy information provided on business income loss.;  XX/XX/XXXX  - Hazard insurance indicator is Present.  Exception resolved.; XX/XX/XXXX  - Policy information provided on business income loss.; XX/XX/XXXX  - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal. Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 410 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   1690 Compliance   Cleared 1 Lender NMLS Status is Not Active   XX/XX/XXXX  - Change severity of 'Lender NMLS Status is Not Active' from Non-Material to Material.; XX/XX/XXXX  - The lender NMLS status is Not Active in the state of XXX. The borrower's loan file #XXX contains an exemption letter; however, the loan number of the subject loan is not listed.;      XX/XX/XXXX  - The lender NMLS status is Active Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 411 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   1691 Compliance   Cleared 1 Originator NMLS is Not Active   XX/XX/XXXX  - Change severity of 'Originator NMLS is Not Active' from Material to Non-Material.; XX/XX/XXXX  - The originator NMLS status is Not Active for the state of XXX.; XX/XX/XXXX  - Originator not licensed in XXX.  There is an licensing exemption letter (page XXX) in file.;      XX/XX/XXXX  - The originator NMLS status is Active Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 411 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   894 Credit   Acknowledged 2 Underwriting FICO does not meet Guideline Minimum Required   XX/XX/XXXX  - No exception noted in file.; XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.;      XX/XX/XXXX  - Change severity of 'Underwriting FICO does not meet Guideline Minimum Required' from Material to Non-Material.; XX/XX/XXXX  - Approved lender exception reviewed; XX/XX/XXXX  - Change status of 'Underwriting FICO does not meet Guideline Minimum Required' from Active to Acknowledged by Client. Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 411 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   1690 Compliance   Cleared 1 Lender NMLS Status is Not Active   XX/XX/XXXX  - Lender not licensed in XXX.  There is an licensing exemption letter (page XXX) in file; however, it does not reflect the subject loan number.;      XX/XX/XXXX  - The lender NMLS status is Active; XX/XX/XXXX  - Change severity of 'Lender NMLS Status is Not Active' from Non-Material to Material. Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 411 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   651 Credit   Cleared 1 Borrower Liabilities Verification Indicator is Partial   XX/XX/XXXX  - X) Section XXX of the XXX dated XX/XX/XXXX states, "Credit inquiries within the past XXX days must be explained and no new debt obtained unless included in the debt ratio."  Provide explanation for the credit inquiries listed on credit report.
X) Section XXX of the XXX dated XX/XX/XXXX requires, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."
  XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Clearing exception.  Lender provided same updated/gap credit report as was in file.  Orig report dated XX/XX/XXXX, Updated CR XX/XX/XXXX, Note date XX/XX/XXXX.  Updated report within ten business days of closing.   The inquiries on orig report are for XXX (XXX) and originator (XXX), from XX/XX/XXXX.  No new credit reported from then until XX/XX/XXXX. ;  XX/XX/XXXX  - Borrower liabilities verified indicator is Present; XX/XX/XXXX  - Clearing exception.  Lender provided same updated/gap credit report as was in file.  Orig report dated XX/XX/XXXX, Updated CR XX/XX/XXXX, Note date XX/XX/XXXX.  Updated report within XXX business days of closing.   The inquiries on orig report are for XXX (XXX) and originator (XXX), from XX/XX/XXXX.  No new credit reported from then until XX/XX/XXXX. ; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Exception Updated:  X) Section XXX of the XXX dated XX/XX/XXXX states, "Credit inquiries within the past XXX days must be explained and no new debt obtained unless included in the debt ratio."  Provide explanation for the credit inquiries listed on credit report.&#xXD;
X) Section XXX of the XXX dated XX/XX/XXXX requires, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."
Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 411 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX CashOut Refinance Investment Property ATR/QM: Exempt   2571 Credit   Cleared 1 Final Loan Application is Partial   XX/XX/XXXX  - Declarations section of the final XXX is partially completed.; XX/XX/XXXX  - Final Loan Application is Partial;      XX/XX/XXXX  - Final Loan Application is Present Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   -96368 Compliance   Cleared 1 Consummation or Reimbursement Date Validation Test XX/XX/XXX  - This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations.         Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   3557 Credit   Cleared 1 Hazard Insurance Coverage is Not Sufficient.   XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficient. The subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.;      XX/XX/XXXX  - Exception resolved.; XX/XX/XXXX  - Hazard insurance coverage is sufficient. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   3158 Property   Cleared 1 Third Party Valuation Product Not Provided and CU Score is Greater Than XXX   XX/XX/XXXX  - Third Party Valuation Product Not Provided and CU Score is XXX.;      XX/XX/XXXX  - Exception resolved.; XX/XX/XXXX  - Third Party Valuation Product Provided. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   1246 Credit   Cleared 1 Transmittal Summary is Partial   XX/XX/XXXX  - Section X.X of the XXX dated XX/XX/XXXX states, "Generally, loans that are eligible for sale to the Agencies (FNMA, FHLMC, FHA, USDA and VA) are ineligible for the XXX product suite. All files originated under the XXX product must be documented as non-Agency-eligible or must document that pricing under XXX is more favorable than XXX pricing."  There is an AUS with Approve/Eligible result in file (page XXX).  Provide documentation to meet quoted guideline. ;      XX/XX/XXXX  - The transmittal summary is Present; XX/XX/XXXX  - Exception resolved. Bank Statement loan. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   -96366 Compliance   Cleared 1 Charges That Cannot Increase Test XX/XX/XXX  - This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).         Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   3499 Credit   Cleared 1 Unresolved derogatory credit   XX/XX/XXXX  - Borrower has unresolved derogatory credit.  Section XXX of the XXX states, “No collections or charge-offs filed in the most recent XXX months (medical collections are excluded).”  Non-medical collection was filed XX/XX/XXXX by XXX. There is no exception in file for collection account filed in most recent XXX months.;      XX/XX/XXXX  - Borrower has no unresolved derogatory credit.  ; XX/XX/XXXX  - Exception resolved. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   1261 Credit   Cleared 1 Borrower Income Verification does not match Approval   XX/XX/XXXX  - X) Sections XXXX.X and XXXX of the XXX dated XX/XX/XXXX require verification of Borrower's percentage of ownership in business.  Provide CPA letter regarding XXX ownership of XXX.
X) Provide documentation to verify if XXX-month or XXX-month bank statement income source utilized for qualification.
  XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided CPA verification brw is XXX% self-employed.;  XX/XX/XXXX  - Exception Resolved.; XX/XX/XXXX  - The borrower income verification does match approval; XX/XX/XXXX  - Lender provided CPA verification brw is XXX% self-employed.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.; XX/XX/XXXX  - Exception remains: Lender provided printout of real estate license for borrower. This is not sufficient documentation for percentage of ownership in the business. Provide CPA letter or other documentation to support percentage of ownership for XXX.&#xXD;
Exception #X resolved-coborrower income not used to qualify. Deducted business loss from borrower's income.; XX/XX/XXXX  - Exception remains: Item #X-Income worksheet and item #X-bank statements from XX/XX/XXXX-XX/XX/XXXX were provided.
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   932 Property   Cleared 1 Origination Appraisal is Partial   XX/XX/XXXX  - Provide corrected appraisal correction which reflects subject property is a PUD and includes HOA dues and other required data.  Deed of Trust indicates subject property is PUD.;    XX/XX/XXXX  - Change status of 'Origination Appraisal is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided a deed correction removing the PUD rider from the original DOT. ;  XX/XX/XXXX  - Exception resolved.; XX/XX/XXXX  - Origination appraisal is Present.; XX/XX/XXXX  - Lender provided a deed correction removing the PUD rider from the original DOT. ; XX/XX/XXXX  - Change status of 'Origination Appraisal is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Exception remains: Lender provided email stating no HOA indicated on the appraisal, however deed of trust indicates subject is a PUD, need corrected appraisal and PUD/HOA section completed. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   1315 Credit   Cleared 1 Fully Executed Purchase Contract is Partial   XX/XX/XXXX  - Provide all pages of the purchase contract for the subject property located at XXX. Amendment changing closing date was only portion of the contract provided. ;      XX/XX/XXXX  - The fully executed purchase contract is Present; XX/XX/XXXX  - Exception resolved. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   1904 Credit   Cleared 1 Hazard Insurance Coverage is Not Sufficient   XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficient. The subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value of XXX.; XX/XX/XXXX  - Hazard insurance coverage is XXX, the subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value of XXX.;      XX/XX/XXXX  - Hazard insurance coverage is XXX, the subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value of XXX.; XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficient. The subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value of XXX. Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   -96362 Compliance   Cleared 1 Reimbursement Amount Test XX/XX/XXX  - This loan passed the reimbursement amount test.  (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances. However, the provided reimbursement amount of $XXX, is sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than XXX days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than XXX days after consummation.         Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   651 Credit   Cleared 1 Borrower Liabilities Verification Indicator is Partial   XX/XX/XXXX  - X) Section XXXX of the XXX dated XX/XX/XXXX states, "A gap credit report or undisclosed debt monitoring report is required to evidence no additional debt was obtained throughout the origination process."  Provide report.
X) Statement from XXX (page XXX) does not list property address located in HOA.  Provide documentation to verify property with HOA dues of $XXX/yr.  If statement not related to primary residence, provide documentation to verify if any HOA dues for primary.
X) Provide documentation to verify HOA dues for subject property.  Deed of Trust indicates subject property is a PUD.
X) Provide letter of explanation for credit inquiries as required by Section XXXX of the XXX dated XX/XX/XXXX.  Provide more legible copy of credit report as unable to read the credit inquiry information.  
X) Provide Closing Disclosure for purchase of XXX.  Purchase contract (page XXX) indicates closing date of XX/XX/XXXX.  
X) Provide explanation for the following XXX rent payments listed on the XXX bank statements for account ending #XXXX-SXX:; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX; $XXX XX/XX/XXXX;
  XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided verification.;  XX/XX/XXXX  - Exception Resolved.; XX/XX/XXXX  - Borrower liabilities verified indicator is Present; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided verification.; XX/XX/XXXX  - Exception remains: Provide LOE for rent payments to XXX. Provide gap credit report. Credit inquiry LOE is not completed.&#xXD;
; XX/XX/XXXX  - Exception remains: Provide documentation of PITIA of new property purchase of XXX. DTI subject to change.  Provide LOE for rent payments to XXX. Provide gap credit report. Credit inquiry LOE is not completed.&#xXD;
&#xXD;
Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 
22NQM2 - 412 XXXXXXXXX XXX   XXX XXXXX XXX XX/XX/XXXX $XXXXXX Purchase Second Home Non-QM: Lender documented all ATR UW factors   3580 Property   Cleared 1 Third Party Valuation Product not Provided   XX/XX/XXXX  - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;      XX/XX/XXXX  - Third Party Valuation Product Provided Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. 

 

 

 

  Origination Values Automated Valuation Model Desk Review Second Desk Review Field Review Second Field Review Full Appraisal Review Exterior Only Appraisal Review Broker Price Opinion Other AUS Information
Loan Number Pool ID Alternate Loan Number Original Loan Amount Sales Price Value for LTV LTV Appraised Date Appraised Value Review Type Secondary Appraised Date Secondary Appraised Value Secondary Review Type Report Date Value Variance Amount Variance % Report Date Value Variance Amount Variance %  Report Date  Value Variance Amount Variance % Report Date Value Variance Amount Variance % Report Date Value Variance Amount  Variance % Report Date Value Variance Amount Variance % Report Date  Value Variance Amount Variance % Report Date Value Variance Amount Variance %  Valuation Type Report Date Value Variance Amount Variance % CUSCORE ISELIGIBLEFORREPANDWARRANTRELIEF
22NQM2 - 403   XXXXXXXXX $XXXXX $XXX $XXX 80.00% XX/XX/XXXX $XXX Form 1073                                                                                 1.1 Not Eligible
22NQM2 - 404   XXXXXXXXX $XXXXX $XXX $XXX 90.00% XX/XX/XXXX $XXX URAR Form 1004 Form 70                                                                                 1 Not Eligible
22NQM2 - 405   XXXXXXXXX $XXXXX $XXX $XXX 80.00% XX/XX/XXXX $XXX URAR Form 1004 Form 70               XX/XX/XXXX $XXX $0.00 0.00%                                                           1 Not Eligible
22NQM2 - 406   XXXXXXXXX $XXXXX $XXX $XXX 80.00% XX/XX/XXXX $XXX URAR Form 1004 Form 70                                                                                 2.4 Not Eligible
22NQM2 - 407   XXXXXXXXX $XXXXX $XXX $XXX 80.00% XX/XX/XXXX $XXX URAR Form 1004 Form 70                                                                                 2.2 Not Eligible
22NQM2 - 408   XXXXXXXXX $XXXXX $XXX $XXX 80.00% XX/XX/XXXX $XXX URAR Form 1004 Form 70                                                                                 2 Not Eligible
22NQM2 - 409   XXXXXXXXX $XXXXX $XXX $XXX 65.00% XX/XX/XXXX $XXX URAR Form 1004 Form 70               XX/XX/XXXX $XXX -$20,000.00 -3.64%                                                           3.5 Not Eligible
22NQM2 - 410   XXXXXXXXX $XXXXX $XXX $XXX 70.00% XX/XX/XXXX $XXX Form 1025               XX/XX/XXXX $XXX -$4,000.00 -2.05%                                                           0 Not Eligible
22NQM2 - 411   XXXXXXXXX $XXXXX $XXX $XXX 70.00% XX/XX/XXXX $XXX Form 1025               XX/XX/XXXX $XXX $0.00 0.00%                                                           0 Not Eligible
22NQM2 - 412   XXXXXXXXX $XXXXX $XXX $XXX 80.00% XX/XX/XXXX $XXX URAR Form 1004 Form 70               XX/XX/XXXX $XXX $0.00 0.00%                                                           3.9 Not Eligible

 

 

 

Loan Number Investor loan Number Client Loan Number DBRS Initial Credit Grade S&P Initial Credit Grade Fitch Initial Credit Grade Moodys Initial Credit Grade KBRA Initial Credit Grade DBRS Initial Compliance Grade S&P Initial Compliance Grade Fitch Initial Compliance Grade Moodys Initial Compliance Grade KBRA Initial Compliance Grade DBRS Initial Valuation Grade S&P Initial Valuation Grade Fitch Initial Valuation Grade Moodys Initial Valuation Grade KBRA Initial Valuation Grade DBRS Initial Overall Grade S&P Initial Overall Grade Fitch Initial Overall Grade Moodys Initial Overall Grade KBRA Initial Overall Grade DBRS Final Credit Grade S&P Final Credit Grade Fitch Final Credit Grade Moodys Final Credit Grade KBRA Final Credit Grade DBRS Final Compliance Grade S&P Final Compliance Grade Fitch Final Compliance Grade Moodys Final Compliance  Grade KBRA Final Compliance Grade DBRS Final Valuation Grade S&P Final Valuation Grade Fitch Final Valuation Grade Moodys Final Valuation Grade KBRA Final Valuation Grade DBRS Final Overall Grade S&P Final Overall Grade Fitch Final Overall Grade Moodys Final Overall Grade KBRA Final Overall Grade
22NQM2 - 403   XXXXXXXXX C D D D C C C C C C A A A A A C D D D C A A A A A A A A A A A A A A A A A A A A
22NQM2 - 404   XXXXXXXXX C C C C C B B B B B A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
22NQM2 - 405   XXXXXXXXX C D D D C A A A A A A A A A A C D D D C A A A A A A A A A A A A A A A A A A A A
22NQM2 - 406   XXXXXXXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
22NQM2 - 407   XXXXXXXXX C C C C C B B B B B A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
22NQM2 - 408   XXXXXXXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
22NQM2 - 409   XXXXXXXXX D D D D D A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A
22NQM2 - 410   XXXXXXXXX C D D D C C C C C C A A A A A C D D D C B B B B B A A A A A A A A A A B B B B B
22NQM2 - 411   XXXXXXXXX C D D D C C C C C C A A A A A C D D D C B B B B B A A A A A A A A A A B B B B B
22NQM2 - 412   XXXXXXXXX C D D D C C C C C C D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A

 

 

 

Seller Loan ID Servicer Loan Number Field ID Original Field Value Audit Value Data Compare
22NQM2 - 403 XXXXXXXXX Original_Collateral_Value_Date XX/XX/XXXX XX/XX/XXXX FALSE
22NQM2 - 405 XXXXXXXXX Original_Collateral_Value_Date XX/XX/XXXX XX/XX/XXXX FALSE
22NQM2 - 407 XXXXXXXXX Original_Collateral_Value XXX XXX FALSE
22NQM2 - 409 XXXXXXXXX Original_Collateral_Value_Date XX/XX/XXXX XX/XX/XXXX FALSE
22NQM2 - 409 XXXXXXXXX UW_FICO_Utilized XXX XXX FALSE
22NQM2 - 410 XXXXXXXXX Property_Type SFR 2 Family FALSE
22NQM2 - 410 XXXXXXXXX UW_FICO_Utilized XXX XXX FALSE
22NQM2 - 411 XXXXXXXXX Property_Type SFR 2 Family FALSE
22NQM2 - 411 XXXXXXXXX UW_FICO_Utilized XXX XXX FALSE

 

 

 

Loan Number Servicer Loan Number Program Type Title Interest Type Personal Guarantee Title Held by LLC Application Date  TRID ATR Status PITIA Qualifying Rate Value used for LTV Primary Documentation Type Paystub Number of Paystubs W2 W2 (# of months) Tax Returns Tax Returns (# of months 1099 1099 (# of months) VVOE WVOE WVOE (# of months) P&L P&L (# of months) CPA Letter CPA (# of months) Personal Bank Statement Personal Bank Statements (# of months) Business Bank Statement Business Bank Statements (# of months) Asset Depletion Flag Lease Agreement Equity Income Assets & Deposits Residual Income DSCR Rent Source Monthly Rent Borrower 1 Residency Borrower 2 Residency Borrower 30 Days DQ - 24mo Lookback (# of times) Borrower 60 Days DQ - 24mo Lookback (# of times) Borrower 90 Days DQ - 24mo Lookback (# of times) Covered vs High Cost vs Home Loan Bankruptcy Date Bankruptcy Discharge Date Bankruptcy Chapter Foreclosure Date Foreclosure Satisfied Date Short Sale Date Deed in Lieu Date HOA Name HOA Address State HOA Fee Amount HOA Payment Frequency Maturity Date HCLTV Underwriting Exception Flag
22NQM2 - 403 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX BANK STATEMENT                 XX/XX/XXXX                 Yes XXX No     $XXX $XXX       XXX   XXX XXX XXX No               XXX XXX $XXX Annual XX/XX/XXXX XXX% No
22NQM2 - 404 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX BANK STATEMENT                 XX/XX/XXXX                 Yes XXX No     $XXX $XXX       XXX   XXX XXX XXX No                       XX/XX/XXXX XXX% No
22NQM2 - 405 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX BANK STATEMENT                 XX/XX/XXXX                 Yes XXX No     $XXX $XXX       XXX   XXX XXX XXX No               XXX   $XXX Annual XX/XX/XXXX XXX% No
22NQM2 - 406 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX BANK STATEMENT                 XX/XX/XXXX         Yes   Yes XXX     No     $XXX $XXX       XXX   XXX XXX XXX No               XXX   $XXX Annual XX/XX/XXXX XXX% No
22NQM2 - 407 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX BANK STATEMENT                 XX/XX/XXXX                 Yes XXX No     $XXX $XXX       XXX XXX XXX XXX XXX No               XXX   $XXX Annual XX/XX/XXXX XXX% Yes
22NQM2 - 408 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX FULL Yes 2 Yes XXX Yes XXX     XX/XX/XXXX Yes XXX                 No     $XXX $XXX       XXX   XXX XXX XXX No                       XX/XX/XXXX XXX% No
22NQM2 - 409 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX FULL Yes 2 Yes XXX Yes XXX     XX/XX/XXXX     Yes XXX Yes           No     $XXX $XXX       XXX   XXX XXX XXX No                       XX/XX/XXXX XXX% No
22NQM2 - 410 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes ATR/QM: Exempt $XXX XXX $XXX DSCR                                       No Yes   $XXX $XXX XXX Lease in Place XXX XXX   XXX XXX XXX No                       XX/XX/XXXX XXX% Yes
22NQM2 - 411 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes ATR/QM: Exempt $XXX XXX $XXX DSCR                                       No Yes   $XXX $XXX XXX Lease in Place XXX XXX   XXX XXX XXX No                       XX/XX/XXXX XXX% Yes
22NQM2 - 412 XXXXXXXXX XXX Fee Simple No No XX/XX/XXXX Yes Non-QM: Lender documented all ATR UW factors $XXX XXX $XXX BANK STATEMENT                 XX/XX/XXXX             Yes XXX     No     $XXX $XXX       XXX XXX XXX XXX XXX No                       XX/XX/XXXX XXX% No

 

 

Exhibit 99.4

 

 

 

 Page 1 of 20
BRAVO 2022-NQM2 

 

 

EXECUTIVE NARRATIVE:

 

This Executive Summary summarizes the independent third-party due diligence review (the “Review”) conducted on 56 residential mortgage loans by Recovco Mortgage Management, LLC (“Recovco”) on behalf of its client, Loan Funding Structure LLC (“Client”).

 

Recovco’s reports, which are to be made available to the recipient by the Client, include the loan-level results of Recovco’s independent, third-party due diligence review conducted for the Client.

 

Recovco performed certain due diligence services described below on the residential mortgage loans selected for this transaction. The review was conducted on behalf of Client, on a bulk basis during the months of December 2020 through November 2021 via file images provided by the Client or Lender for the review.

 

The table below identifies the origination channel for the loans represented in final results for the 51 NonQM Loanstream loans:

 

Origination Channel Loan Count Percentage of Final Sample
Retail 1 1.96%
Broker 38 74.51%
Correspondent Bulk 12 23.53%
Total 51 100.00%

 

The table below identifies the origination channel for the loans represented in final results for the 5 Velocity No Income Investment loans:

 

Origination Channel Loan Count Percentage of Final Sample
Retail 1 20.00%
Broker 4 80.00%
Correspondent Bulk 0 0.00%
Total 5 100.00%

 

DESCRIPTION OF SERVICES: 

Recovco was instructed to perform a credit, regulatory compliance, data validation, and valuation review as applicable (the “Review Population”) in accordance with national recognized statistical rating organizations (“NRSRO(s)”) review standards in place as of the review date.

 

 Page 2 of 20
BRAVO 2022-NQM2 

 

 

LOAN SAMPLING: 

Recovco does not know the size of the overall securitization population and other third-party review firms that may have been engaged. As such, Recovco cannot state the overall sample size.

 

Recovco reviewed 100% of the loans submitted. No sampling was required.

 

The table below summarizes the review populations by category, contained in the review results from Recovco:

 

Review Reviewed Total % of Sample
Full File Non QM Review Population 51 91.07%
Credit No Income & Valuation Review Population 5 8.93%

 

DATA INTEGRITY:

 

Where available, Recovco compared the data fields below on the tape provided by the initial Clients to the data found in the actual file as captured by Recovco. This information may not have been available for all mortgage loans. This comparison included the following data fields:

 

Last Name Appraised Value 1st Rate Chg Date Balloon Flag
First Name Sale Price Prepay Months Next Rate Chg Date
Occupancy LTV PP Terms First Pmt Chg Date
Purpose CLTV DTI Next Pmt Chg Date
Address Note Date Property Units Rounding Code
State Loan Amount Maturity Date Lookback Period
Zip First Payment Date Rate Index Initial Rate Cap
Property Type Original Rate Amortization Term Periodic Rate Cap
Lien Position Original P&I Neg Am Flag Life Rate Cap
Orig Credit Score Interest Only Flag IO Term Life Rate Floor
Self Employed Flag     Margin

 

 Page 3 of 20
BRAVO 2022-NQM2 

 

 

CREDIT UNDERWRITING: 

 

Recovco performed post-closing independent third-party due diligence review of the loan package to determine whether such package meets the credit and property underwriting criteria in the guidelines provided by the initial Clients.

 

Guidelines:

 

51 loans were reviewed to the LoanStream Owner Occupied & Second Home Guidelines or Investment and DSCR Underwriting Guidelines.

 

5 loans were reviewed to the Velocity Commercial Capital Investor 1-4 Origination Guidelines 2020 – with omission of section 4.2 Debt Service Coverage Ratio

 

To complete these activities, Recovco completed a review utilizing the following review scope:

 

Recovco will review asset origination to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to Recovco and/or as directed by Client. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the mortgage loan file will also be performed.

 

Credit Application: For the Credit Application, Recovco will verify that the application was substantially filled out.

 

Credit Report: Recovco’s review will include: the presence of a credit report for each borrower and that such borrower’s credit profile & representative credit score adhered to guidelines. Recovco will (i) capture the total monthly consumer debt payments for use in relevant calculations, (ii) note the Real Estate Owned and fraud alerts, and (iii) gather data for the ASF tape submission including (a) the FICO (as available), (b) the longest trade line, (c) the maximum trade line, (d) the number of trade lines, and (e) the credit usage ratio.

 

Asset Review: Recovco will review the asset documentation provided in the loan files to the guideline requirements. Utilizing this documentation, Recovco will complete a review of the reserve calculation.

 

Hazard/Flood Insurance/Taxes: Recovco will review the insurance present on the mortgage loan. During this review, as applicable per guidelines, Recovco will (i) review the hazard insurance for the minimum required amount of coverage in the guidelines, (ii) the mortgage clause listed the lender’s name and “its successors and assigns,”, (iii) the premium amount on both the hazard and flood insurance matched what was used in the debt-to-income (“DTI”) calculations, (iv) review the tax certificate to compare monthly escrows used to calculate DTI matched, (v) the flood certification was for the correct borrower, property, lender and mortgage loan number, and (vi) complete other property specific items including (a) for condominium properties, the blanket policy met the minimum amount of coverage in the guidelines and (b) for properties in a flood zone per the flood certification, the flood insurance met guideline requirements and met the minimum required amount of coverage in the guidelines.

 

Property Management Experience: Recovco will review the property management questionnaire or other documentation to support the experience necessary per guidelines.

 

Business Entity Documents: Recovco will review the Business Entity documentation provided as outlined and required per guidelines, which could include Articles of Incorporation, Articles of Organization, Operating Agreement, By-Laws, Certificate of Good Standing, Members Consent, or other documentation required by guidelines

 

Rent and/or Lease: Recovco will review the lease or other acceptable documentation to support the rental amount as outline in the guidelines.

 

 Page 4 of 20
BRAVO 2022-NQM2 

 

 

Guarantor: Recovco will review the guarantor as outlined in the guidelines

 

Occupancy Review: Recovco will review the property occupancy is consistent with the mortgage loan approval and borrowers’ application disclosure based solely on information contained in the mortgage loan file and any fraud report obtained in connection with the mortgage loan.

 

Fraud Review: Recovco will review fraud report results in each mortgage loan file, to the extent present, in conjunction with source documents found in the mortgage loan file to assess the likelihood of any misrepresentations associated with the origination of the mortgage loan. If the mortgage loan file did not contain a fraud report and the counterparty did not produce one, Recovco will condition the mortgage loan for the missing fraud report product.

 

Closing Document Review: Recovco will review the closing documents are present, Borrower(s) names, Subject Property Address, Legal Description, Signed by Borrowers

 

Business Purpose Affidavit: Recovco will review for the present of affidavit confirming the property will be for commercial/investment purpose, including any cash out and they the subject property or any proceeds will not be for personal use.

 

REGULATORY COMPLIANCE REVIEW:

 

Please be advised that Recovco did not make a determination as to whether the mortgage loans complied with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated below. There can be no assurance that the Review uncovered all relevant factors relating to the origination of the mortgage loans, their compliance with applicable law and regulations and the original appraisals relating to the mortgaged properties or uncovered all relevant factors that could affect the future performance of the mortgage loans. Furthermore, the findings reached by Recovco are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which Recovco is relying in reaching such findings.

 

Please be further advised that Recovco does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by Recovco do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to Recovco. Information contained in any Recovco report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. Risk levels associated with a loan may have changed an exception level, given rating agency published guidance, written guidance, or other guidance from the rating agency team on the transaction. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged Recovco to prepare its reports pursuant to its instructions and guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by Recovco are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. Recovco does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by Recovco.

 

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Regulatory Compliance Analysis: Recovco will test each Mortgage Loan to verify that it closed in compliance with the applicable federal, state and local anti-predatory lending statutes in effect at the time of origination of the Mortgage Loan and that the Mortgage Loan meets (i) the Truth in Lending Act (“TILA”), as amended by HOEPA, 15 U.S.C. §1601 et seq., as implemented by Regulation Z, 12 C.F.R. Part 1026; (ii) the Real Estate Settlement Procedures Act (“RESPA”), 12 U.S.C. §2603, as implemented by Regulation X, 12 C.F.R. Part 1024; (iii) the disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution and associated regulations (as applicable); and (iv) the disclosure requirements and prohibitions of the applicable state and local laws and ordinances that were enacted to combat predatory lending.

 

1.The following section is applicable to Mortgage Loans with an application date on or after October 3, 2015:

 

a.Documentation. Review of the following documents for regulatory compliance:

i.Initial and final application (1003)

ii.Note, including all addendums

iii.Copy of note for any junior liens (if applicable)

iv.Mortgage / Deed of Trust, including all riders

v.Initial and Re-disclosed Loan Estimates (“LE”)

vi.Initial CD (i.e., the CD required to be received by the borrower(s) at least 3 business days prior to consummation) and re-disclosed CDs (as applicable and permitted by TILA/Regulation Z)

vii.Notice of Right to Cancel (if applicable)

viii.Rate Lock date information;

 

b.High Cost/Higher-Priced Loans

 

i.Review of federal, state & local high cost, higher-priced and/or anti-predatory laws and regulations, including those set forth on Schedule 1. Any loan that is determined to be classified and/or defined as high cost, higher-priced, subprime, threshold, predatory high risk, covered or similar classification/definition must be reported.

 

ii.Missing initial application / rate lock confirmation – If missing initial application, missing initial application date or missing rate lock confirmation results in inability to determine application date or rate set date for purposes of high cost / higher-priced mortgage loan testing, vendor will test based on: (1) a 6-month window prior to closing date for missing application date; and (2) all dates between application and closing for missing rate set date. Other evidence in file (e.g., date of initial disclosures, rate lock expiration on GFE) may be relied upon to estimate application or rate set date but will be determined on a case by case basis.

 

c.TILA/Regulation Z. Review to determine compliance with the requirements of TILA/Regulation Z including, but not limited to, the following:

 

i.A review and comparison of LEs and CDs with a report outlining any TILA violations, including a re-calculation of disclosed finance charge, principal and interest calculations, proper completion of the Projected Payments table, recalculation of disclosed APR and a review to determine disclosure differences were within the allowed tolerances and disclosures were provided within the required timeframes;

 

ii.Loan Estimate (“LE”):

 

A.Confirm the presence of the current LE in effect at the time of origination;

 

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B.Verify LE was provided to the borrower(s) within three (3) business days of the date the lender (or broker if applicable) received an “application” and at least 7 business days prior to consummation;

 

C.Verify LE was provided to the borrower(s) within three (3) business days of: (a) the date the rate was locked; and (b) the date an expired rate lock was re-locked (if applicable). Evidence of rate lock (e.g., rate lock agreement, screen shot) is necessary to confirm rate lock date. A revised LE is not required to be disclosed if the rate has been extended with no other changes to the previously disclosed interest-rate dependent charges or terms provided the borrower has not entered into a new rate lock agreement with the lender.

 

D.Verify the final LE was provided at least 4 business days prior to consummation and that no LE was provided to the borrower after a CD was provided;

 

E.Verify all sections of the LE were accurately completed and that information was reflected in the appropriate location;

 

F.Determine whether a valid and properly documented reason (changed circumstance affecting settlement charges, changed circumstance affecting eligibility, revision requested by the consumer, interest rate has been locked, LE has expired, delayed settlement date on construction loan) accompanies a revised LE containing any increase in fee(s) (subject to the good faith provisions in 12 CFR § 1026(e)(3)), and verify if an LE was provided within 3 business days of the lender’s (or broker’s) receipt of information sufficient to establish that a reason for a revision applies.

 

1.Any increase in (1) a fee that is subject to zero tolerance or (2) fees that cause the aggregate amount of charges as defined in 12 CFR § 1026.19(e)(3)(ii) to increase by more than 10% that are disclosed on a LE but not accompanied by one of the six specified reasons should be disregarded for purposes of tolerance testing, including any reset of tolerances.  For that fee, the amount on the previously properly-disclosed LE should be used for testing of the zero and 10% tolerance categories. All other fees that have changed and are disclosed in compliance with TILA should be included in the tolerance testing, including changes to interest-rate related charges that change while the interest rate is floating and/or change upon re-disclosure within three (3) business days of rate lock or re-lock.

 

2.Increases in fees as defined in 12 CFR § 1026(e)(3)(iii) are permissible provided there is no evidence that the lender (or broker, if applicable) did not disclose the increase based on the best information reasonably available at the time (e.g. failure to disclose a homeowner’s insurance premium when homeowner’s insurance is required; prepaid interest amounts that are not consistent with the date the loan will close or with changes to loan terms).

 

3.Documentation that simply restates the change (e.g., fee increased) with no further explanation is not sufficient.

 

G.A difference between the disclosed Total Interest Percentage (TIP) and the calculated TIP (either under- or over-disclosed) should be conditioned. If the difference in calculation is due to the rounding of the loan payment to whole cents as permitted by 12 CFR § 1026.17(c)(3), this should be noted in the condition.

 

iii.Closing Disclosure (“CD”):

 

A.Confirm the current applicable CD was provided;

 

B.Verify all sections of the CD were accurately completed and that information was reflected in the appropriate location;

 

C.Verify that the borrower, or each consumer with the right to rescind the transaction (if applicable), was provided with a copy of the CD within 3 business days of consummation;

 

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D.If the initial CD has been provided in lieu of a revised LE because there were fewer than four business days between the time the revised LE was required to be delivered and consummation, the CD may be used to reset fee tolerances provided the loan did in fact close within that timeframe and valid changed circumstances are documented to support fee increases as discussed below.

 

1.Any increase in (1) a fee that is subject to zero tolerance or (2) fees that cause the aggregate amount of charges as defined in 12 CFR § 1026.19(e)(3)(ii) to increase by more than 10% is limited to one of the six reasons specified in the rule (changed circumstance affecting settlement charges, changed circumstance affecting eligibility, revision requested by the consumer, interest rate has been locked, LE has expired, delayed settlement date on construction loan).

 

i.Any of these increased fees that are disclosed on the CD but not accompanied by one of the six specified reasons should be disregarded for purposes of tolerance testing, including any reset of tolerances.  For that fee, the amount on the previously properly-disclosed LE should be used for testing of the zero and 10% tolerance categories. All other fees that have changed and are disclosed in compliance with TILA should be included in the tolerance testing, including changes to interest-rate related charges that change while the interest rate is floating and/or change upon re-disclosure within three (3) business days of rate lock or re-lock).

 

2.Documentation that simply restates the change (e.g. fee increased, etc.) with no further explanation is not sufficient.

 

E.Increases in fees as defined in 12 CFR § 1026.(e)(3)(iii) that are disclosed on the initial CD or any re-disclosed CD are permissible provided there is no evidence that the lender did not disclose the increase based on the best information reasonably available at the time (e.g. failure to disclose a homeowner’s insurance premium when homeowner’s insurance is required; prepaid interest amounts that are not consistent with the date the loan will close or with changes to loan terms).

 

F.Any fees that are paid at closing by someone other than the borrower (e.g.. seller or other third party) should be treated as borrower-paid for purposes of the tolerance calculations in 12 CFR § 1026.19(e)(3)(i) – (iii). For example, if a $500 appraisal fee (for which the borrower could not shop) that was disclosed on the LE as paid in full or in part by the seller increases to $750 on the CD, the $250 increase must be considered, and a tolerance refund of $250 will be due to the borrower unless the increase had been re-disclosed subject to a valid changed circumstance. Fees paid by the lender should be reviewed for compliance with 12 CFR § 1026.19(e)(3)(i) (i.e. an increased lender credit to cover an increased fee does not constitute a zero tolerance violation, but a decreased lender credit that was not re-disclosed subject to a valid changed circumstance is a violation and will require a refund).

 

G.A difference between the disclosed Total Interest Percentage (TIP) and the calculated TIP (either under- or over-disclosed) should be conditioned. If the difference in calculation is due to the rounding of the loan payment to whole cents as permitted by 12 CFR § 1026.17(c)(3), this should be noted in the condition.

 

H.For loans originated prior to October 10, 2017, any difference between the disclosed Total of Payments (TOP) and the calculated TOP (either under- or over-disclosed) should be conditioned. Effective for loans originated on/after October 10, 2017, the applicable tolerances in 12 CFR § 1026.23(g)(1)(ii) and § 1026.23(h)(2)(ii) (i.e., $35 tolerance for under-disclosure of TOP for loans subject to rescission) apply. Recovco will note if a tolerance has been exceeded and, if so, the amount necessary to cure the tolerance violation.

 

I.Review to confirm if any changes occurred before consummation that required a new 3-business day waiting period and, if so, if revised disclosures were provided and the required waiting period was met;

 

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1.If the APR decreases by greater than 1/8 of one percentage point, (or 1/4 of one percentage point for an irregular transaction), confirm the disclosed APR resulted from the disclosed finance charge (i.e., the finance charge also decreased).

 

J.Review any CDs provided to the borrower post-consummation to confirm revised disclosures and refunds were provided as required and within the required timeframes.

 

iv.Written Estimate of Terms or Costs – confirm that any term/cost estimate provided to the borrower meets the content requirements of TILA and is not provided after the borrower has been, or is required to be, provided the LE.

 

A.A Written Estimate of Terms or Costs may be provided within the 3-business day period after the lender’s receipt of a loan application as long as the Written Estimate is provided before the borrower receives the LE.

 

v.Written List of Settlement Service Providers:

 

A.If the borrower was permitted to shop for any settlement services as evidenced by the LE, confirm the Written List of Settlement Service Providers is in the Mortgage Loan File and meets the content requirements of TILA, including providing the name of at least one provider for each service for which the borrower was permitted to shop; and

 

1.If the borrower was permitted to shop for a settlement service as evidenced on the LE and the List of Settlement Service Providers was not provided or did not list a provider for that service, the cost of the service must be included in the ten percent tolerance category unless the settlement service provider was the creditor or an affiliate of the creditor, in which case the cost of the service is considered an increase subject to the zero tolerance category. Recovco will note if the tolerance has been exceeded and, if so, the amount necessary to cure the tolerance violation. Recovco will also note a violation for failing to provide at least one settlement service provider for a service for which the borrower was entitled to shop.

 

B.Verify the List of Settlement Service Providers was provided to the borrower(s) at the time of the LE disclosing the applicable service(s).

 

vi.Special Information Booklet (“Your Home Loan Toolkit”):

 

A.Confirm the presence of the Special Information Booklet (“Your Home Loan Toolkit”) in the Mortgage Loan File or that the Mortgage Loan File contains sufficient evidence that the disclosure was provided to the borrower (e.g., cover letter reflecting the Booklet as an enclosure) on purchase and construction (construction to permanent loans) Mortgage Loans; and

 

B.Confirm the Special Information Booklet (“Your Home Loan Toolkit”) was provided within three (3) business days of the date the lender (or broker if applicable) received an “application.”

 

vii.A review of the Notice of Right to Cancel, including a verification of the transaction date and expiration date, ensuring proper execution of the Notice of Right to Cancel by all required parties, verifying the disbursement date and determining if a full three (3) day rescission period was adequately provided to the borrower(s);

 

A.A condition must be placed if the transaction is a refinance by the original creditor and the borrower was provided the Form H-8 rescission notice. Recovco will note in the condition whether or not there was a new advance that is subject to rescission per TILA/Regulation Z.

 

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viii.Where the loan file contains evidence of a loan modification (other than a modification pursuant to the Home Affordable Modification Program (HAMP), review file to determine if the loan was a true modification that would not require new TILA disclosures.  If not a true modification, must be treated as a refinancing for purposes of new TILA disclosures.   Review notes / mortgages / mod agreements & determine if existing note / mortgage have been satisfied and replaced.  If so, qualifies as refinancing unless:  

 

A.Reduction in APR with corresponding change in payment schedule (shortening of maturity, reduction in payment amount or number of payments).  However, if maturity is lengthened or if payment amount or # of payments is increased beyond that remaining on existing transaction, new disclosures are required; OR

 

B.Change in payment schedule or collateral requirements as a result of default/ delinquency. However, if rate is increased or additional credit is advanced beyond amounts already accrued plus insurance premiums, or a fixed rate loan is being modified into an adjustable rate loan, new disclosures required.

 

ix.A review to ensure the Mortgage Loan meets the applicable Ability-to-Repay (“ATR”) requirements as set forth in regulations promulgated by the Consumer Financial Protection Bureau as found at 12 CFR § 1026.43. For purposes of such review, where loans were originated by a broker, consider the loan application date to be the date the loan file was received by the original creditor.

 

d.RESPA/Regulation X: Review to ensure compliance with RESPA/Regulation X documentation and timing requirements in effect at origination of the Mortgage Loan for RESPA disclosures (Servicing Disclosure Statement; Affiliated Business Arrangement Disclosure; Initial Escrow Disclosure Statement; List of Homeownership Counseling Organizations).

 

e.Equal Credit Opportunity Act/Regulation B: Confirm compliance with the January 18, 2014 requirements regarding the disclosure of the right to receive a copy of appraisals within three (3) business days of application, the right to receive a copy of the appraisals at least three (3) business days prior to consummation and any applicable waiver. The disclosure of the right to receive a copy of appraisals may be met by the disclosure on the Loan Estimate pursuant to 12 CFR § 1026.27(m)(1).

 

f.Fair Credit Reporting Act/Regulation V: Confirm compliance with the current FCRA/Regulation V requirements regarding risk-based pricing notice, credit score disclosure and Notice to Home Loan Applicant, as applicable.

 

g.Mandatory Arbitration – Recovco will report mandatory arbitration provisions present in the loan file.

 

h.Single Premium Credit Insurance – Recovco will report single premium credit insurance policies or debt cancellation agreements present in the loan file.

 

i.Recovco will test for state prepayment and late charge restrictions. If a prepayment penalty that exceeds the state permitted penalty has expired, this must be reported.

 

2.The following section is applicable to Mortgage Loans with an application date prior to October 3, 2015:

 

a.Documentation. Review of the following documents for regulatory compliance:

i.Initial and final application (1003)

ii.Note, including all addendums

iii.Copy of note for any junior liens (if applicable)

 

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iv.Mortgage / Deed of Trust, including all riders

v.Final HUD-1 Settlement Statement (“HUD-1”). If the final HUD-1 is missing, Recovco will review for compliance using the estimated HUD-1 if available in the file. Recovco will report if the final HUD-1 is missing and note in the condition that (a) testing was performed using an estimated HUD-1 or (b) there was no estimated or final HUD-1 in the file available for testing.

vi.Initial, Final and Re-disclosed Truth in Lending Disclosures (“TIL”)

vii.Notice of Right to Cancel (if applicable)

viii.Initial and Re-disclosed Good Faith Estimates (“GFE”)

ix.Rate Lock date information;

 

b.High Cost/Higher-Priced Loans

 

i.Review of federal, state & local high cost, higher-priced and/or anti-predatory laws and regulations, including those set forth on Schedule 1. Any loan that is determined to be classified and/or defined as high cost, higher-priced, subprime, threshold, predatory high risk, covered or similar classification/definition must be reported.

 

ii.Missing initial application / rate lock confirmation – If missing initial application, missing initial application date or missing rate lock confirmation results in inability to determine application date or rate set date for purposes of high cost / higher-priced mortgage loan testing, vendor will test based on: (1) a 6-month window prior to closing date for missing application date; and (2) all dates between application and closing for missing rate set date. Other evidence in file (e.g., date of initial disclosures, rate lock expiration on GFE) may be relied upon to estimate application or rate set date but will be determined on a case by case basis.

 

c.TILA/Regulation Z. Review to determine compliance with the applicable requirements of TILA/Regulation Z including, but not limited to, the following:

 

i.A review and comparison of the initial and final TIL, and any re-disclosed TIL(s), with a report outlining any TILA violations, including a re-calculation of disclosed finance charge, proper execution by all required parties, principal and interest calculations, proper completion of the interest rate and payment summary, recalculation of disclosed APR, and a review to determine disclosure differences were within the allowed tolerances and disclosures were provided within the required timeframes;

 

ii.A review of the Notice of Right to Cancel, including a verification of the transaction date and expiration date, ensuring proper execution of the Notice of Right to Cancel by all required parties verifying the disbursement date and determining if a full three (3) day rescission period was adequately provided to the borrower(s);

 

A.A condition must be placed if the transaction is a refinance by the original creditor and the borrower was provided the Form H-8 rescission notice. Recovco will note in the condition whether or not there was a new advance that is subject to rescission per TILA/Regulation Z.

 

iii.Where the loan file contains evidence of a loan modification (other than a modification pursuant to the Home Affordable Modification Program (HAMP), review file to determine if the loan was a true modification that would not require new TILA disclosures.  If not a true modification, must be treated as a refinancing for purposes of new TILA disclosures.   Review notes / mortgages / mod agreements & determine if existing note / mortgage have been satisfied and replaced.  If so, qualifies as refinancing unless:  

 

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A.Reduction in APR with corresponding change in payment schedule (shortening of maturity, reduction in payment amount or number of payments).  However, if maturity is lengthened or if payment amount or # of payments is increased beyond that remaining on existing transaction, new disclosures are required; OR

 

B.Change in payment schedule or collateral requirements as a result of default/ delinquency. However, if rate is increased or additional credit is advanced beyond amounts already accrued plus insurance premiums, or a fixed rate loan is being modified into an adjustable rate loan, new disclosures required.

 

iv.For Mortgage Loans with an application date on or after January 10, 2014, a review to ensure the Mortgage Loan meets the applicable Ability-to-Repay (ATR) and Qualified Mortgage (QM) qualifications as set forth in regulations promulgated by the Consumer Financial Protection Bureau as found at 12 CFR 1026.43. For purposes of such review, where loans were originated by a broker, consider the loan application date to be the date the loan file was received by the original creditor.

 

d.RESPA/Regulation X: Review to ensure compliance with the applicable requirements of RESPA/Regulation X including, but not limited to, the following:

 

i.Good Faith Estimate (“GFE”):

 

A.Confirm the presence of the current GFE form in effect at the time of origination. Verify GFE was provided to the borrower(s) within three (3) business days of the date the lender (or broker if applicable) received an “application,” which is to be defined by the lender;

 

B.RESPA 2010: Determine whether a valid and properly documented change in circumstance accompanies any re-disclosed GFE containing the following:

 

1.any change(s) to loan terms, including any increase in rate after the rate has been locked and/or change to loan program; and

 

2.Any increase in fee(s).

 

ii.Final HUD-1: Confirm compliance with the RESPA requirements in effect as of origination of the Mortgage Loan including, but not limited to:

 

A.Current applicable HUD-1 form was provided;

 

B.Escrow deposit on the HUD-1 matches the initial escrow statement amount; and

 

C.Verify all sections of the HUD-1 were accurately completed and that information was reflected in the appropriate locations.

 

iii.GFE and Final HUD-1 Comparison (RESPA 2010): Confirm compliance with the RESPA requirements in effect as of origination of the Mortgage Loan including, but not limited to:

 

A.Review changes disclosed on the latest GFE provided to the borrower to ensure that they were within the allowed tolerances as set forth in the RESPA requirements.

 

B.Confirm Mortgage Loan terms and fees disclosed on the third page of the HUD-1 accurately reflected how they were disclosed on the GFE and how the Mortgage Loan closed;

 

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1.A change in loan amount from the latest GFE to the HUD-1 is acceptable and should not be conditioned. Any other changes to loan terms must be noted.

 

C.Review any attempt to cure a RESPA violation to ensure that the proper reimbursement was made and/or a new HUD-1 was provided and that it was done within the required thirty (30) day window.

 

e.Additional RESPA/Regulation X Disclosures and Requirements: Confirm compliance with RESPA/Regulation X documentation and timing requirements in effect at origination of the Mortgage Loan for other RESPA disclosures (Servicing Disclosure Statement; Special Information Booklet; Affiliated Business Arrangement Disclosure; Initial Escrow Disclosure Statement).

 

f.Equal Credit Opportunity Act/Regulation B: Confirm compliance with the January 18, 2014 requirements regarding the disclosure of the right to receive a copy of appraisals within three (3) business days of application, the right to receive a copy of the appraisals at least three (3) business days prior to consummation and any applicable waiver.

 

g.Fair Credit Reporting Act/Regulation V: Confirm compliance with the FCRA/Regulation V requirements regarding risk-based pricing notice, credit score disclosure and Notice to Home Loan Applicant, as applicable.

 

h.Mandatory Arbitration – Recovco will test for mandatory arbitration provisions in the loan file.

 

i.Single Premium Credit Insurance – Recovco will test for purchase loans with single premium credit insurance policies or debt cancellation agreements present in the loan file.

 

j.Recovco will test for state prepayment and late charge restrictions. If a prepayment penalty that exceeds the state permitted penalty has expired, this must be reported.

 

k.Georgia and New Jersey - Vendor will report the following loans:

 

i.Mortgage loans subject to the Georgia Fair Lending Act and originated between October 1, 2002 and March 6, 2003.

 

ii.Cash-out refinance mortgage loans originated between November 27, 2003 and July 5, 2004 that meet the definition of a “covered home loan” pursuant to the New Jersey Homeownership Security Act.

 


Business Purpose Loan submitted pursuant to this Exhibit and designed by Client as a Business Purpose Loan will be automatically deemed and reported as “Exempt” and Recovco will not perform any ATR/QM Testing or TRID Testing.

 

Qualified Mortgage

 

With respect to QM (Safe Harbor and Higher-priced) designated loans, Recovco reviews the loan to the origination guidelines to determine whether, based on available information in the loan file: (i) the loan contains risky loan features and terms (e.g. an interest only feature or negative amortization), (ii) the “points and fees” exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) at the time of consummation, if the debt-to-

 

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income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source.

 

If a loan was designated as QM and identified as eligible for guarantee, purchase, or insurance by an applicable agency as permitted under the QM final rule, Recovco reviews the loan to determine whether, based on available information in the loan file the loan satisfied (i), (ii) and (iii) in the preceding paragraph and reviews the Automated Underwriting System output within the file to confirm agency eligibility.

 

For each QM designated loan that satisfied the applicable requirements enumerated above, Recovco then determines whether the loan is a Safe Harbor QM or Higher Priced QM by comparing the loan’s actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage.

 

The Review also includes determining, as applicable, whether a loan is a qualified mortgage as defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.)

 

Loans submitted for this review were exempt for QM, as they were business purpose loans to business entities.

 

General Ability to Repay

 

Recovco reviews the loan to determine whether, based on available information in the loan file and using the creditors underwriting guidelines as a guide for ATR, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer's current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer's employment in determining repayment ability, the consumer's current employment status; (iii) the consumer's monthly payment; (iv) the consumer's monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer's monthly payment for mortgage-related obligations; (vi) the consumer's current debt obligations, alimony, and child support; (vii) the consumer's monthly debt-to-income ratio or residual income; and (viii) the consumer's credit history. This portion of the Review also focuses on full recalculation of income and debts, as well as the documentation provided to support each item used in originator’s determination of the ability to repay.

 

Recovco reviews loans to determine their conformity with the ATR/QM factors above, and is not rendering an independent assessment or opinion, warranting or representing that a loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative or judicial authorities (“Authorities”). Recovco does not represent or warrant that the factors for which it is reviewing the loans constitute all of the factors and/or criteria that Authorities may consider in determining the status of a loan. Recovco’s review is based on information contained in the loan file at the time it is provided to Recovco to review, and only reflects information as of that point in time.

 

Note: Client expressly acknowledges and agrees that Recovco will not make a determination as to whether the borrower has the ability to repay. Rather, Recovco will confirm whether the loan file contains documentation that the lender performed an ability to repay evaluation in accordance with the lender’s defined underwriting practices. In addition, Client acknowledges the ATR/QM Rule, in setting forth its eight (8) factors, does not purport to provide comprehensive underwriting standard.

 

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VALUATION REVIEW:

 

Recovco’s review includes a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property.

 

Recovco’s reviews elements: the appropriate GSE form, materially complete, the address matched the mortgage note, in conformity with the guideline requirements for the property type in question, completed by an appraiser that was actively licensed to perform the valuation, completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, made and signed prior to the final approval of the mortgage loan application, completed and dated within the guideline restrictions, the current use of the property is legal or legal non-conforming (grandfathered), Photos present for Subject property and comparables, the appraisal report does not include any apparent environmental problems, made on an “as is” basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

 

FIRREA Title XI – Check for the presence of the appraiser’s license and review for the presence of any red flags that may pose a risk to the property or occupants

 

USPAP – Review the appraiser’s certification is present and executed within the original appraisal.

 

Velocity population of 5 loans did not require a full appraisal. There were valuation for all 5 loans, 4 loans had a Desktop Appraisal and 1 had a full appraisal. 4 loans a RedBell AVE were ordered. Recovco obtained a desk review to support the original value for 5 loans within 10% variance.

 

Valuation Waterfall – 51 LoanStream NonQM Loans

 

Loan originated with a full Appraisal will review to the following:

 

CU Score = < 2.5, no additional valuation required

oTo comply with Rating Agency criteria of inspection, photos and supporting valuation, Client may require an AVM and/or 2055 Drive By Appraisal.

CU Score . 2.5 or not applicable, desk review or like product to support Appraisal value within a 10% tolerance

oIf value is supported within 10% tolerance, nothing further is needed

oIf value is not supported within 10% tolerance, additional valuations products may be used to support the value, such as but not limited to: Field Review, BPO, Reconciliation, 2055 or 2nd Appraisal

Valuation products were provided by the Client or Lenders to Recovco.

Please refer to the Valuation Summary Report for additional details per loan

 

 Page 15 of 20
BRAVO 2022-NQM2 

 

 

LOAN GRADING CRITERIA:

 

Upon completion of the loan file review, Recovco assigned grading which considered factors based on the guidelines provided by the Client and the review criteria, product, and NRSRO requirements. The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the following:

 

 

 

 

  

 Page 16 of 20
BRAVO 2022-NQM2 

 

 

 

 

  

 Page 17 of 20
BRAVO 2022-NQM2 

 

 

FINDINGS SUMMARY: (51 LoanStream NonQM Loans)

 

OVERALL REVIEW RESULTS
Final Grade Count
A 28
B 23
C 0
D 0

 

REGULATORY COMPLIANCE REVIEW RESULTS
Final Grade Count
A 32
B 19
C 0
D 0

 

CREDIT REVIEW RESULTS
Final Grade Count
A 48
B 3
C 0
D 0

 

VALUATION REVIEW RESULTS
Final Grade Count
A 50
B 1
C 0
D 0

 

 Page 18 of 20
BRAVO 2022-NQM2 

 

 

FINDINGS SUMMARY: (5 Velocity No Income Investment Loans)

 

OVERALL REVIEW RESULTS
Final Grade Count
A 0
B 5
C 0
D 0

 

REGULATORY COMPLIANCE REVIEW RESULTS
Final Grade Count
A N/A
B N/A
C N/A
D N/A

 

CREDIT REVIEW RESULTS
Final Grade Count
A 5
B 0
C 0
D 0

 

VALUATION REVIEW RESULTS
Final Grade Count
A 0
B 5
C 0
D 0

 

 Page 19 of 20
BRAVO 2022-NQM2 

 

 

DATA INTEGRITY REVIEW RESULTS SUMMARY TABLE:

 

Recovco provided Client with a copy of the Data Compare Report which shows the differences between the data received by the seller versus the data captured by Recovco. 

51 LoanStream NonQM Loans 

Field Name Loan Count
Borrower First Name 4
Borrower Last Name 6
Occupancy at Origination (Property Usage Type) 1
Original CLTV Ratio Percent 2
Original Note Doc Date 20
Original Standard LTV (OLTV) 1
Original Stated Rate 1
Property Address Street 5
Purpose of Transaction per HUD-1 2
Subject Property Type 33

 

5 Velocity No Income Investment Loans 

Field Name Loan Count
Representative Score 2
Subject Property Type 5

 

 Page 20 of 20
BRAVO 2022-NQM2 


Rating Agency Grading                                                                                
Run Date - 5/2/2022                                                                                

 

LOAN INFORMATION INITIAL CREDIT LOAN GRADES INITIAL PROPERTY LOAN GRADES INITIAL COMPLIANCE LOAN GRADES INITIAL OVERALL LOAN GRADES FINAL CREDIT LOAN GRADES FINAL PROPERTY LOAN GRADES FINAL COMPLIANCE LOAN GRADES FINAL OVERALL LOAN GRADES
Recovco Loan ID Redacted ID Loan #1 Loan #2 Loan #3 Original Loan Amount DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P  
01NJH1IKN1O 22NQM2 - 423 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
0EPPSAB33TC 22NQM2 - 458 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
1O0NVR3YTJT 22NQM2 - 428 XXXXXX     $XXX D D D D D D D D D D D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
1WEJYVVRE4B 22NQM2 - 414 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
2EFSFIOYAYF 22NQM2 - 439 XXXXXX     $XXX A A A A A D D D D D D D D D D D D D D D A A A A A A A A A A B B B B B B B B B B  
2LTWGLEID2P 22NQM2 - 429 XXXXXX     $XXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A  
2WURQS4YD44 22NQM2 - 418 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
3IM1W1X2TTL 22NQM2 - 427 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
3K4KKPMVU3W 22NQM2 - 416 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
4095623 22NQM2 - 461 XXXXXX     $XXX D D D D D D D D D D A A A A A D D D D D B B B B B A A A A A A A A A A B B B B B  
57530957 22NQM2 - 460 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
5BAHGZE5S1E 22NQM2 - 436 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
5FI2XQCFAUY 22NQM2 - 424 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
AQQZS2E11GX 22NQM2 - 419 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
B3WWC4MQIVQ 22NQM2 - 450 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
BON5OLQ03PI 22NQM2 - 437 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
BYULOQ32FBF 22NQM2 - 420 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A B B B B B B B B B B  
CRYMFHSDUGL 22NQM2 - 422 XXXXXX     $XXX D D D D D D D D D D D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
DI534D3LXB0 22NQM2 - 445 XXXXXX     $XXX D D D D D D D D D D D D D D D D D D D D A A A A A A A A A A B B B B B B B B B B  
FRYCLNBFRBB 22NQM2 - 417 XXXXXX     $XXX D D D D D A A A A A D D D D D D D D D D A A A A A A A A A A B B B B B B B B B B  
G4KFXVVUKCT 22NQM2 - 434 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
GE4O14TCM2F 22NQM2 - 452 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
GXQNGJ4QLLC 22NQM2 - 457 XXXXXX     $XXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A  
HKIAEF2JLC1 22NQM2 - 455 XXXXXX     $XXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A  
I3TOSXQSHYM 22NQM2 - 444 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
IXOYDDCRST4 22NQM2 - 431 XXXXXX     $XXX B B B B B A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B  
IZGPKU5QX1D 22NQM2 - 451 XXXXXX     $XXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A  
JJRF1OSABKD 22NQM2 - 438 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
JKU5C102R55 22NQM2 - 446 XXXXXX     $XXX A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B  
JYGILQRHAP5 22NQM2 - 441 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
K05RRC3Y1CH 22NQM2 - 430 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
K255TMQ140A 22NQM2 - 462 XXXXXX     $XXX B B B B B A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B  
K2OIJTDDIRY 22NQM2 - 433 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
KGH3IDG3PKR 22NQM2 - 421 XXXXXX     $XXX D D D D D D D D D D A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A  
LEBYH2G1XYX 22NQM2 - 426 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
LIRJUYYAWQ2 22NQM2 - 413 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
LQVSXNBMFVF 22NQM2 - 425 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
NT5X5UMPKBO 22NQM2 - 449 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
PSRBV5TNORH 22NQM2 - 432 XXXXXX     $XXX D D D D D A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
Q3OLLYKQHC1 22NQM2 - 447 XXXXXX     $XXX A A A A A D D D D D A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A  
RYJBHE5AAMO 22NQM2 - 440 XXXXXX     $XXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A  
TC5JSYTYI1J 22NQM2 - 435 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
TNRYE1B3Q1C 22NQM2 - 442 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
VD4IUIJMPCZ 22NQM2 - 463 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
VJHNGKU0W11 22NQM2 - 448 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
VNQQ1H22YHT 22NQM2 - 454 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
WPORF50VYKY 22NQM2 - 415 XXXXXX     $XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A  
YRSTLUAAZHT 22NQM2 - 443 XXXXXX     $XXX A A A A A A A A A A B B B B B B B B B B A A A A A A A A A A B B B B B B B B B B  
Z00YE43DE33 22NQM2 - 456 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
ZC35YCRQTSP 22NQM2 - 459 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A  
ZDF5SB3KGJB 22NQM2 - 453 XXXXXX     $XXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A B B B B B B B B B B  

 

   

Loan Level Exceptions

Run Date - 5/2/2022                      

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Project Name Initial Overall Grade Final Overall Grade Initial Credit Initial Value Initial Compliance Final Credit Final Value Final Compliance Material Exceptions Non-Material Exceptions Resolved Exceptions Acknowledged Exceptions
01NJH1IKN1O 22NQM2 - 423 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
0EPPSAB33TC 22NQM2 - 458 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
1O0NVR3YTJT 22NQM2 - 428 XXXXXXXX     XXXXXXXXXX 3 1 3 3 3 1 1 1     *** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal fee on XX/XX/XXXX was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of  $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change.  If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).

*** (CURED) Missing income documentation (ATR) - EV R
COMMENT:   Loan approaved as a full documentation loan, missing all requried income docs.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cured by providing the initial and any revised Loan Estimates that were issued to the consumer.

*** (CURED) Value used by lender not supported - EV R
COMMENT:   Missing Third Party Valuation product to support appraisal value within 10% variance.
 
1WEJYVVRE4B 22NQM2 - 414 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML. Evidence that a copy of a written appraisal with interior photos and  performed by a certified appraiser was provided to the consumer is missing. Per Regulation, a creditor shall provide to the consumer a copy of any written appraisal performed in connection with a HPML. The defect can be resolved by providing evidence that shows the consumer received a copy of the appraisal report.
*** (CURED) ROR funding date before end of required rescission period  - EV R
COMMENT:   The loan failed the Right of Rescission test. The funding date is before the third business day following consummation.  The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice  required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Consummation took place on XX/XX/XXXX and per the last revised CD/PCCD issued on XX/XX/XXXX, the loan disbursed on XX/XX/XXXX. Loan could not disburse until after the end of the rescission period; rescission ended on XX/XX/XXXX.  The defect can be cured by providing the true funding date.
 
2EFSFIOYAYF 22NQM2 - 439 XXXXXXXX     XXXXXXXXXX 3 2 1 3 3 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.

*** (OPEN) Missing TRID Reimbursement Documentation (for requirements not related to a tolerance fail) - EV 2
COMMENT:   This loan failed the reimbursement date post-consummation revised closing disclosure delivery date test. The PCCD issued on XX/XX/XXXX was provided more than 60 calendar days after the consummation date, XX/XX/XXXX. Per § 1026.19(f)(2)(v)), if the creditor cures a tolerance violation by providing a reimbursement to the consumer, the creditor must deliver or place in the mail a corrected Closing Disclosure that reflects the reimbursement no later than 60 calendar days after consummation.  No rebuttal response required. Cure accepted 60 days from discovery.
*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.

*** (CURED) Value used by lender not supported - EV R
COMMENT:   Missing Third party valaution product to support appraisal value within 10% variance.
 
2LTWGLEID2P 22NQM2 - 429 XXXXXXXX     XXXXXXXXXX 3 1 3 1 1 1 1 1     *** (CURED) 1003 Application [information not provide] - EV R
COMMENT:   Missing EIN Information for XXXXXXX.
 
2WURQS4YD44 22NQM2 - 418 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Missing Documentation - EV R
COMMENT:   Prelim does not have the amount of title insurance.

*** (CURED) Missing Doc - EV R
 
3IM1W1X2TTL 22NQM2 - 427 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
3K4KKPMVU3W 22NQM2 - 416 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) AUS: File does not contain all AUS Reports run - EV R
COMMENT:   Manual underwrite. AUS not in file because was not run. See page 14 for notes on 1008.

*** (CURED) Homeownership Counseling List - EV R
COMMENT:   The Homeownership Counseling Disclosure (HOC) is missing. The defect can be cured by providing evidence that shows the disclosure was provided to the consumer within 3-business days of application.

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, the E-consent is required as well.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial 1003 is missing. Unable to determine if the following were disclosed within 3 business days from the application date (where applicable): Initial LE, Service Provider List,  ARM Loan Program Disclosure, CHARM Booklet, Home Loan Toolkit, Homeownership Counseling Disclosure.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The Service Provider List, issued on 6/16/2021, is inaccurate. The following is missing from the disclosure: services.  (The only service listed is "SSPL".  That is not a fee listed on the LE.)   Per Regulation Z, if the creditor permits a consumer to shop for a settlement service, the creditor must identify at least one provider of that service on the Service Provider List. The list must also contain sufficient information for the consumer to contact a provider for each required settlement service for which the consumer can shop. In addition, the document must state that the consumer may choose a different provider.  Note: Failure to provide a service provider for a shoppable service on the Service Provider List is treated as not allowing the borrower to shop for that service. As a result, charged shoppable fees will be included in the 10% tolerance bucket.

*** (CURED) Property Type does not meet eligibility requirement(s) - EV R
COMMENT:   property type 2 unit. 1-4 unit family proerty acceptable no issue. see page 31 for appraisal.
 
4095623 22NQM2 - 461 XXXXXXXX     XXXXXXXXXX 3 2 3 3 1 2 1 1   *** (OPEN) Missing asset documentation (ATR) - EV 2
COMMENT:   Lender guidelines section 7.5 states account statements should cover the most recent 60-day period; however, the loan file contains only one month statement for the Bank of America accounts ending XXXX and XXXX as well as only one month of the XXXXXX account XXXX.  These assets are needed for sufficient funds to close and reserves; therefore, the second month is needed.
*** (CURED) Original CLTV does not meet eligibility requirement(s) - EV R
COMMENT:   The loan closed at XX% LTV/CLTV  and program guidelines limit N/O/O DSCR < XX to XX%.

*** (CURED) Original LTV (OLTV) does not meet eligibility requirement(s) - EV R
COMMENT:   The loan closed at XX% LTV/CLTV  and program guidelines limit N/O/O DSCR < XX to XX%.

*** (CURED) Quality of Appraisal Report Unacceptable - EV R
COMMENT:   The loan file contains only black and white appraisal photos.  Missing the color photos of the subject and comparables.  Additionally, the appraisal has the city listed as XXXXXX; whereas, the Note, DOT and title reflect XXXXXX as the City.

*** (CURED) Title issue - EV R
COMMENT:   The preliminary title (p.491) reflects a judgement recorded XX/XX/XXXX in the amount of $XXX and the loan file does not contain evidence this was satisfied and removed from title.

*** (CURED) Unable to verify all credit obligations (ATR) - EV R
COMMENT:   Per the inquiry explanation (p.161), the borrower opened a new account with XXXXXX that is not on the credit report.  The file does not contain a copy of the statement showing the payment amount to include in the DTI.

*** (CURED) Value used by lender not supported - EV R
COMMENT:   Missing Third Party Valuation Product to support the appraisal value within 10% variance.
 
57530957 22NQM2 - 460 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
5BAHGZE5S1E 22NQM2 - 436 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
5FI2XQCFAUY 22NQM2 - 424 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   There is no clear evidence of an initial application date in the file. The earliest 1003 in the file was prepared XX/XX/XXXX however, the file contains documents dated prior to this date. Auditor is unable to determine the true initial application date and therefore can't determine if the following were disclosed within 3 business days from the application date: Initial LE, Service Provider List,  ARM Loan Program Disclosure, CHARM Booklet, Home Loan Toolkit, Homeownership Counseling Disclosure.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.

*** (CURED) Value used by lender not supported - EV R
COMMENT:   Missing Third party Valuaion product to support appraial value within 10% variance. CU score XX
 
AQQZS2E11GX 22NQM2 - 419 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cured by providing the initial and any revised Loan Estimates that were issued to the consumer.
 
B3WWC4MQIVQ 22NQM2 - 450 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
   
BON5OLQ03PI 22NQM2 - 437 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
BYULOQ32FBF 22NQM2 - 420 XXXXXXXX     XXXXXXXXXX 3 2 1 1 3 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.

*** (OPEN) Missing TRID Reimbursement Documentation (for requirements not related to a tolerance fail) - EV 2
COMMENT:   This loan failed the reimbursement date post-consummation revised closing disclosure delivery date test. The PCCD issued on XX/XX/XXXX was provided more than 60 calendar days after the consummation date, XX/XX/XXXX. Per § 1026.19(f)(2)(v)), if the creditor cures a tolerance violation by providing a reimbursement to the consumer, the creditor must deliver or place in the mail a corrected Closing Disclosure that reflects the reimbursement no later than 60 calendar days after consummation.  No rebuttal response required. Cure accepted 60 days from discovery.
*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
CRYMFHSDUGL 22NQM2 - 422 XXXXXXXX     XXXXXXXXXX 3 1 3 3 3 1 1 1     *** (CURED) Appraised value not supported. Form Type and CU Score - EV R
COMMENT:   CU score of XX; missing secondary valuation to support appraisal value.

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) The initial CD issued on XX/XX/XXXX was not received by the consumer 3-business days prior to consummation XX/XX/XXXX and a waiver was not provided. The defect can be cured by providing evidence that shows the consumer received the disclosure 3-business days prior to consummation or a waiver stating why consummation took place prior to the 3-day rule. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.

*** (CURED) Mortgage not properly executed - EV R
COMMENT:   Security Instrument is inconsistent.  The County is listed in the Mortgage has XXXXXXX, however the legal description is XXXXXX County.
 
DI534D3LXB0 22NQM2 - 445 XXXXXXXX     XXXXXXXXXX 3 2 3 3 3 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Assets are not sufficient to close - EV R

*** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   "This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the following fees on XX/XX/XXXX was not accepted because a valid change of circumstance was not provided: Appraisal Fees. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change.  If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label). "

*** (CURED) Value used by lender not supported - EV R
COMMENT:   Missing Third Party Valuation product to support appraisal value within 10% Variance. CU score XX
 
FRYCLNBFRBB 22NQM2 - 417 XXXXXXXX     XXXXXXXXXX 3 2 3 1 3 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cured by providing the initial and any revised Loan Estimates that were issued to the consumer.

A revised disclosure was not provided  to the consumer within 3 business days of the rate lock date. Per regulation, when there is a rate lock, the creditor must provide a revised disclosure within three business days.

*** (CURED) Loan program disclosure missing or unexecuted - EV R
COMMENT:   The Adjustable Rate Mortgage Loan Program Disclosure is missing. The defect can be cured by providing the disclosure.

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, the E-consent is required as well.

*** (CURED) Notice of Servicing Transfer missing or unexecuted - EV R
COMMENT:   The Servicing Information was not disclosed to the consumer on the initial or any revised LEs.
 
G4KFXVVUKCT 22NQM2 - 434 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
GE4O14TCM2F 22NQM2 - 452 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) Missing TRID RESPA Disclosures - EV 2
COMMENT:   The Adjustable Rate Mortgage Loan Program Disclosure dated XX/XX/XXXX was not disclosed within 3 days of the application date, 8/24/2021. The defect can be resolved by providing evidence that shows the disclosure was provided timely.
*** (CURED) Cash reserves less than required by guidelines - EV R
COMMENT:   Need bank statement for July for XXXXXX Union and Ameritrade to verify reserves.
1003 shows two 'other' assets in the amount of $XXX and $XXX but no documentation for these assets.

*** (CURED) Tape Discrepancy - EV R
COMMENT:   Tape Discrepancy - Did not include B2 credit score information on file.
Tape Discrepancy - LTV shows at XXX% actual is XXX%

*** (CURED) DTI (Back) Ratio does not meet eligibility requirement(s) - EV R
COMMENT:   Income was not decreased by the cost of operation of XXX% required by the guidelines, income used was through XX/XX/XXXX but there were July statements in file. Income after decrease changed to $XXX which increased DTI to XXX%.

*** (CURED) DTI/Residual income outside of guidelines (ATR) - EV R
COMMENT:   Income was not decreased by the cost of operation of XXX% required by the guidelines.  Lender used full 12 month average of XXX%.  Income after decrease changed to $XXX which increased DTI to XXX%.

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Mortgage history for primary residence less than 12 months - EV R
COMMENT:   Documentation for rental history not on file.

*** (CURED) Note data is missing or inaccurate - EV R
COMMENT:   ARM Rider on file has information on the bottom of the document cut off.
 
GXQNGJ4QLLC 22NQM2 - 457 XXXXXXXX     XXXXXXXXXX 3 1 3 1 1 1 1 1     *** (CURED) Borrower(s)  Hazard Insurance Requirements (Fail) - EV R
COMMENT:   The loan file is missing the Hazard Insurance Agent's Replacement Cost Estimate (RCE) to verify coverage of $XXX, page 370,  is sufficient to cover the improvements, or the loan balance. Provide the RCE and confirmation that the coverage is adequate for review.
 
HKIAEF2JLC1 22NQM2 - 455 XXXXXXXX     XXXXXXXXXX 3 1 3 1 1 1 1 1     *** (CURED) Credit history insufficient/does not meet guidelines (ATR) - EV R
COMMENT:   Exception:   The file does not include a copy of the borrower's 24 month rent payment history for his primary residence.
 
I3TOSXQSHYM 22NQM2 - 444 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
IXOYDDCRST4 22NQM2 - 431 XXXXXXXX     XXXXXXXXXX 2 2 2 1 1 2 1 1   *** (OPEN) Borrower(s)  LTV Requirement (Fail) - EV 2
COMMENT:   LTV of XX% exceeds guidelines maximum of XX% for DSCR under XX
*** (CURED) Original CLTV does not meet eligibility requirement(s) - EV R
COMMENT:   LTV of XX% exceeds guidelines maximum of XX% for DSCR under XX

*** (CURED) Original LTV (OLTV) does not meet eligibility requirement(s) - EV R
COMMENT:   LTV of XX% exceeds guidelines maximum of XX% for DSCR under XX
 
IZGPKU5QX1D 22NQM2 - 451 XXXXXXXX     XXXXXXXXXX 3 1 3 1 1 1 1 1     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Property in XX, no issue
 
JJRF1OSABKD 22NQM2 - 438 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
JKU5C102R55 22NQM2 - 446 XXXXXXXX     XXXXXXXXXX 2 2 1 2 1 1 2 1   *** (OPEN) Property Issues indicated - EV 2
COMMENT:   Exception Approval, page 370, for one unit < 400 s.f. guidelines. Studio unit is 378 s.f.
   
JYGILQRHAP5 22NQM2 - 441 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.

*** (OPEN) Missing TRID RESPA Disclosures - EV 2
COMMENT:   The CD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument.
*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.

*** (CURED) Value used by lender not supported - EV R
COMMENT:   Missing Third party valuation product to support appraisal value within 10% variation.
 
K05RRC3Y1CH 22NQM2 - 430 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
K255TMQ140A 22NQM2 - 462 XXXXXXXX     XXXXXXXXXX 2 2 2 1 1 2 1 1   *** (OPEN) Original LTV (OLTV) does not meet eligibility requirement(s) - EV 2
COMMENT:   90% LTV exceeds max of 80% allowed for I/O loans.  Lender exception approval in file page 609.
*** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change.  If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).

*** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change.  If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).

*** (CURED) ComplianceEase TRID Tolerance Test Failed #2 - EV R
COMMENT:   This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) ) Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, the decrease to lender credits on 9/16/21  did not reset the baseline. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
K2OIJTDDIRY 22NQM2 - 433 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML. Evidence that a copy of a written appraisal with interior photos and  performed by a certified appraiser was provided to the consumer is missing. Per Regulation, a creditor shall provide to the consumer a copy of any written appraisal performed in connection with a HPML. The defect can be resolved by providing evidence that shows the consumer received a copy of the appraisal report.
*** (CURED) Value used by lender not supported - EV R
COMMENT:   Missing Third party Valuation product to support appraisal value within 10% variance.
 
KGH3IDG3PKR 22NQM2 - 421 XXXXXXXX     XXXXXXXXXX 3 1 3 3 1 1 1 1     *** (CURED) Borrower(s)  Hazard Insurance Requirements (Fail) - EV R
COMMENT:   Hazard policy is for replacement cost; however, it is written for less than the amount of the mortgage.

*** (CURED) Loan has escrow holdback. No proof it was released - EV R
COMMENT:   Provide evidence that escrow holdbacks and payments appearing on HUD-1 have been released and final title cleared

*** (CURED) Title issue - EV R
COMMENT:   Title shows lien and payments due.  Escrow holdback at closing pending resolution.

*** (CURED) Title reports unpaid liens - EV R
COMMENT:   Title reflects unpaid lien, plumbing, and utility charges with holdback of $XXX
 
LEBYH2G1XYX 22NQM2 - 426 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))  Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, the increase to the following fees on XX/XX/XXXX  did not reset the baseline: Points - Loan Discount Fee and Mortgage Broker Fee. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

*** (CURED) Consumer Handbook on Adjustable Rate Mortgages (CHARM Booklet) - EV R
COMMENT:   The CHARM Booklet is missing. The defect can be resolved by providing the missing disclosure.

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, <enter consummation date>. If disclosure was delivered electronically, the E-consent is required as well.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
LIRJUYYAWQ2 22NQM2 - 413 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
LQVSXNBMFVF 22NQM2 - 425 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The addition of the following fee was not accepted because the change was not disclosed within 3-business days: Appraisal Final Inspection Fee. The change occurred on XX/XX/XXXX; however, the disclosure was not issued until XX/XX/XXXX.  A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing evidence that the change was disclosed within 3-business days. If curing with a reimbursement, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery (mailing label).

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The Note does not list the Broker's NMLS.

*** (CURED) ROR funding date before end of required rescission period  - EV R
COMMENT:   The loan failed the Right of Rescission test. The funding date is before the third business day following consummation.  The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Consummation took place on XX/XX/XXXX and per the last revised CD/PCCD issued on XX/XX/XXXX, the loan disbursed on XX/XX/XXXX. Loan could not disburse until after the end of the rescission period; rescission ended on XX/XX/XXXX.  The defect can be cured by providing the true funding date.
 
NT5X5UMPKBO 22NQM2 - 449 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Appraised value not supported. Form Type and CU Score - EV R
COMMENT:   CU value is XX - Appraised value is within 10% of CDA

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent. "

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
PSRBV5TNORH 22NQM2 - 432 XXXXXXXX     XXXXXXXXXX 3 1 3 1 3 1 1 1     *** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   "This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change.  If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).

*** (CURED) DTI (Back) Ratio does not meet eligibility requirement(s) - EV R
COMMENT:   DTI is XX% and Credit is C du to 120 late mortgage payment XX/XX/XXXX. Per guidelines, DTI up to 55% only allowed for A or better grade.  Lender approved at XX%, but did not include B3 consumer debt of $XXX.

*** (CURED) DTI/Residual income outside of guidelines (ATR) - EV R
COMMENT:   DTI is XX% and Credit is C du to 120 late mortgage payment XX/XX/XXXX. Per guidelines, DTI up to 55% only allowed for A or better grade.  Lender approved at XX%, but did not include B3 consumer debt of $XXX.

*** (CURED) Loan amount exceeds guideline maximum - EV R
COMMENT:   Loan amount of $XXX exceed max of $XXX allowed for C grade.  Loan rated C grade due to 120 late on mortgage history.

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent. "

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.

*** (CURED) Original LTV (OLTV) does not meet eligibility requirement(s) - EV R
COMMENT:   Max LTV for C grade is XX%.  Subject closed at 80%.  C grade due to 120 day mortgage late w/in 12 months.
 
Q3OLLYKQHC1 22NQM2 - 447 XXXXXXXX     XXXXXXXXXX 3 1 1 3 1 1 1 1     *** (CURED) Appraised value not supported. Form Type and CU Score - EV R

*** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Points on disclosure XX/XX/XXXX was not accepted. Although the change appears to be valid, because a COC was not provided, auditor is unable to determine if the revised disclosure was provided within 3 business days of the change.  A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or by providing a date for the  change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD,  copy of the refund, and proof of delivery (mailing label).

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
RYJBHE5AAMO 22NQM2 - 440 XXXXXXXX     XXXXXXXXXX 3 1 3 1 1 1 1 1     *** (CURED) Asset documentation does not meet guideline requirment - EV R

*** (CURED) Tape Discrepancy - EV R
COMMENT:   Tape discrepancy regarding qualifying FICO - Documentation shows using B2 FICO for qualifying, verified guidelines - Credit score of the Primary Wage Earner will be used for grading and pricing when using 12 month bank statements to qualify. Borrower 2 has XX% ownership of business, borrower 1 has XX% ownership per CPA letter

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.

*** (CURED) Unable to Validate what QM Program the Loan was Originated under - EV R
COMMENT:   File is 12 month Bank statement, Alt Doc, non QM, QM origination information not provided.
 
TC5JSYTYI1J 22NQM2 - 435 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   The loan failed the charges that in total cannot increase more than 10% test (12 CFR §1026.19(e)(3)(ii)). The increase/addition to the following fee(s) was not accepted because a valid reason was not provided: Coordination Fee (8/2XX/XX/XXXX), Lender's Title Insurance (8/2XX/XX/XXXX & XX/XX/XXXX), Recording Processing Fee (8/2XX/XX/XXXX), and Tax Research (8/2XX/XX/XXXX).  A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the increase. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD,  copy of the refund, and proof of delivery (mailing label).

*** (CURED) Income documentation does not meet guidelines - EV R

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The Mortgage Broker NMLS disclosed on the CD issued on XX/XX/XXXX  is missing.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The Mortgage Broker NMLS disclosed on the LE issued on XX/XX/XXXX is missing.

*** (CURED) Mortgage history for primary residence less than 12 months - EV R
COMMENT:   Proivide Mortgage history for primary residence for 12 months.
 
TNRYE1B3Q1C 22NQM2 - 442 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) ComplianceEase TILA Test Failed - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, the E-consent is required as well.
 
VD4IUIJMPCZ 22NQM2 - 463 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
VJHNGKU0W11 22NQM2 - 448 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
VNQQ1H22YHT 22NQM2 - 454 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) ComplianceEase TRID Tolerance Test Failed #2 - EV R
COMMENT:   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee on XX/XX/XXXX was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change.  If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).

*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
WPORF50VYKY 22NQM2 - 415 XXXXXXXX     XXXXXXXXXX 1 1 1 1 1 1 1 1        
YRSTLUAAZHT 22NQM2 - 443 XXXXXXXX     XXXXXXXXXX 2 2 1 1 2 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
   
Z00YE43DE33 22NQM2 - 456 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.
 
ZC35YCRQTSP 22NQM2 - 459 XXXXXXXX     XXXXXXXXXX 3 1 1 1 3 1 1 1     *** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, the E-consent is required as well.

*** (CURED) Missing TRID RESPA Disclosures - EV R
COMMENT:   The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.
 
ZDF5SB3KGJB 22NQM2 - 453 XXXXXXXX     XXXXXXXXXX 3 2 1 1 3 1 1 2   *** (OPEN) ComplianceEase TRID Tolerance Test Failed #2 - EV 2
COMMENT:   The loan is an HPML and it meets the Escrow and Appraisal Requirements.
*** (CURED) Missing evidence of TRID Disclosure Delivery - EV R
COMMENT:   This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.
 

 

   

Exception Level

Run Date - 5/2/2022                      

 

Recovco Loan ID Redacted ID  Loan # 1 Loan # 2 Loan # 3 Exception Category Exception Sub-Category Exception Status Exception Grade Loan Exception ID Exception Exception Detail Exception Information Compensating Factors Seller Comments Reviewer Comments Exception Remediation
01NJH1IKN1O 22NQM2 - 423 XXXXXX     Compliance Compliance Resolved Resolved 01NJH1IKN1O-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
01NJH1IKN1O 22NQM2 - 423 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings 01NJH1IKN1O-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
1O0NVR3YTJT 22NQM2 - 428 XXXXXX     Compliance Compliance Resolved Resolved 1O0NVR3YTJT-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal fee on 0XX/XX/XXXX was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).   XX/XX/XXXX COC with chnage date of XX/XX/XXXX was provided. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
1O0NVR3YTJT 22NQM2 - 428 XXXXXX     Compliance Compliance Resolved Resolved 1O0NVR3YTJT-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cured by providing the initial and any revised Loan Estimates that were issued to the consumer.   XX/XX/XXXX LE issued 0XX/XX/XXXX & XX/XX/XXXX were received. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
1O0NVR3YTJT 22NQM2 - 428 XXXXXX     Compliance Disclosures Resolved Resolved 1O0NVR3YTJT-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX E-consent disclosure was provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
1O0NVR3YTJT 22NQM2 - 428 XXXXXX     Valuation Value Resolved Resolved 1O0NVR3YTJT-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl R) Missing Third Party Valuation product to support appraisal value within 10% variance.     XX/XXXX: Cleared. Received UCDP's.
XX/XXXX: Cleared. Received UCDP's.
1O0NVR3YTJT 22NQM2 - 428 XXXXXX     Credit Credit Resolved Resolved 1O0NVR3YTJT-3V25W7T4 Missing income documentation (ATR) * Missing income documentation (ATR) (Lvl R) Loan approaved as a full documentation loan, missing all requried income docs.     XX/XX/XXXX: Cleared. Documents received. XX/XX/XXXX: Cleared. Documents received.
1WEJYVVRE4B 22NQM2 - 414 XXXXXX     Compliance Doc Issue Resolved Resolved 1WEJYVVRE4B-EOCDDTAJ ROR funding date before end of required rescission * ROR funding date before end of required rescission period (Lvl R) The loan failed the Right of Rescission test. The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Consummation took place on XX/XX/XXXX and per the last revised CD/PCCD issued on XX/XX/XXXX, the loan disbursed on XX/XX/XXXX. Loan could not disburse until after the end of the rescission period; rescission ended on XX/XX/XXXX. The defect can be cured by providing the true funding date.   PCCD XX/XX/XXXX Cleared. The PCCD resolved the disbursement date. XX/XX/XXXX Cleared. The PCCD resolved the disbursement date.
1WEJYVVRE4B 22NQM2 - 414 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings 1WEJYVVRE4B-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML. Evidence that a copy of a written appraisal with interior photos and performed by a certified appraiser was provided to the consumer is missing. Per Regulation, a creditor shall provide to the consumer a copy of any written appraisal performed in connection with a HPML. The defect can be resolved by providing evidence that shows the consumer received a copy of the appraisal report.        
2EFSFIOYAYF 22NQM2 - 439 XXXXXX     Compliance Compliance Resolved Resolved 2EFSFIOYAYF-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX E-consent disclosure was provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
2EFSFIOYAYF 22NQM2 - 439 XXXXXX     Valuation Value Resolved Resolved 2EFSFIOYAYF-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl R) Missing Third party valaution product to support appraisal value within 10% variance.     XX/XX/XXXX: Cleared. Documents requested received. XX/XX/XXXX: Cleared. Documents requested received.
2EFSFIOYAYF 22NQM2 - 439 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings 2EFSFIOYAYF-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
2EFSFIOYAYF 22NQM2 - 439 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings 2EFSFIOYAYF-218OB3NA Missing TRID Reimbursement Documentation (for requ * Missing TRID Reimbursement Documentation (for requirements not related to a tolerance fail) (Lvl 2) This loan failed the reimbursement date post-consummation revised closing disclosure delivery date test. The PCCD issued on XX/XX/XXXX was provided more than 60 calendar days after the consummation date, XX/XX/XXXX. Per § 1026.19(f)(2)(v)), if the creditor cures a tolerance violation by providing a reimbursement to the consumer, the creditor must deliver or place in the mail a corrected Closing Disclosure that reflects the reimbursement no later than 60 calendar days after consummation. No rebuttal response required. Cure accepted 60 days from discovery.        
2LTWGLEID2P 22NQM2 - 429 XXXXXX     Credit Credit Resolved Resolved 2LTWGLEID2P-PXITUQYJ 1003 Application [information not provide] * 1003 Application [information not provide] (Lvl R) Missing EIN Information for XXXXXXX.     XX/XX/XXXX: Cleared, documentation provided XX/XX/XXXX: Cleared, documentation provided
2WURQS4YD44 22NQM2 - 418 XXXXXX     Credit Credit Resolved Resolved 2WURQS4YD44-0BLBZVJN Credit * Missing Documentation (Lvl R) Prelim does not have the amount of title insurance.        
2WURQS4YD44 22NQM2 - 418 XXXXXX     Credit Credit Resolved Resolved 2WURQS4YD44-HZ5671LK Missing Doc * Missing Doc (Lvl R)          
2WURQS4YD44 22NQM2 - 418 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings 2WURQS4YD44-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
3IM1W1X2TTL 22NQM2 - 427 XXXXXX     Compliance Disclosures Resolved Resolved 3IM1W1X2TTL-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   EConsent XX/XX/XXXX Cleared. The Econsent resolved the RESPA disclosure. XX/XX/XXXX Cleared. The Econsent resolved the RESPA disclosure.
3IM1W1X2TTL 22NQM2 - 427 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings 3IM1W1X2TTL-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
3K4KKPMVU3W 22NQM2 - 416 XXXXXX     Compliance Compliance Resolved Resolved 3K4KKPMVU3W-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The Service Provider List, issued on XX/XX/XXXX, is inaccurate. The following is missing from the disclosure: services. (The only service listed is "SSPL". That is not a fee listed on the LE.) Per Regulation Z, if the creditor permits a consumer to shop for a settlement service, the creditor must identify at least one provider of that service on the Service Provider List. The list must also contain sufficient information for the consumer to contact a provider for each required settlement service for which the consumer can shop. In addition, the document must state that the consumer may choose a different provider. Note: Failure to provide a service provider for a shoppable service on the Service Provider List is treated as not allowing the borrower to shop for that service. As a result, charged shoppable fees will be included in the 10% tolerance bucket.   XX/XX/XXXX SPL dated XX/XX/XXXX was provided. XX/XX/XXXX Cleared. Documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. Documentation provided is sufficient to resolve the finding.
3K4KKPMVU3W 22NQM2 - 416 XXXXXX     Compliance Disclosures Resolved Resolved 3K4KKPMVU3W-BNMOTPNR Disclosures * Homeownership Counseling List (Lvl R) The Homeownership Counseling Disclosure (HOC) is missing. The defect can be cured by providing evidence that shows the disclosure was provided to the consumer within 3-business days of application.   XX/XX/XXXX HOC disclosure and list issued XX/XX/XXXX was provided. XX/XX/XXXX Cleared. Documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. Documentation provided is sufficient to resolve the finding.
3K4KKPMVU3W 22NQM2 - 416 XXXXXX     Compliance Disclosures Resolved Resolved 3K4KKPMVU3W-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial 1003 is missing. Unable to determine if the following were disclosed within 3 business days from the application date (where applicable): Initial LE, Service Provider List, ARM Loan Program Disclosure, CHARM Booklet, Home Loan Toolkit, Homeownership Counseling Disclosure.   XX/XX/XXXX 1003 dated XX/XX/XXXX was provided XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
3K4KKPMVU3W 22NQM2 - 416 XXXXXX     Compliance Compliance Resolved Resolved 3K4KKPMVU3W-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, the E-consent is required as well.   XX/XX/XXXX CD issued XX/XX/XXXX was provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
3K4KKPMVU3W 22NQM2 - 416 XXXXXX     Credit AUS Resolved Resolved 3K4KKPMVU3W-DL3LKV6A AUS: File does not contain all AUS Reports run * AUS: File does not contain all AUS Reports run (Lvl R) Manual underwrite. AUS not in file because was not run. See page XX for notes on 1008.        
3K4KKPMVU3W 22NQM2 - 416 XXXXXX     Credit Eligibility Resolved Resolved 3K4KKPMVU3W-AOA4RHKS Property Type does not meet elig. requirement(s) * Property Type does not meet eligibility requirement(s) (Lvl R) property type XXXXXXX. 1-4 unit family proerty acceptable no issue. see page 31 for appraisal.        
4095623 22NQM2 - 461 XXXXXX     Credit Eligibility Resolved Resolved JYGP1FS5Y33-N4AIS65E Original LTV does not meet elig. requirement(s) * Original LTV (OLTV) does not meet eligibility requirement(s) (Lvl R) The loan closed at XX LTV/CLTV and program guidelines limit N/O/O DSCR < XX to XX%.        
4095623 22NQM2 - 461 XXXXXX     Valuation Value Resolved Resolved JYGP1FS5Y33-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl R) Missing Third Party Valuation Product to support the appraisal value within 10% variance.     XX/XX/XXXX: Cleared XX/XX/XXXX: Cleared
4095623 22NQM2 - 461 XXXXXX     Credit Title Issue Resolved Resolved 4095623-3MGROFI3 Title issue * Title issue (Lvl R) The preliminary title (p.491) reflects a judgement recorded XX/XX/XXXX in the amount of $XXX and the loan file does not contain evidence this was satisfied and removed from title.     XX/XX/XXXX: Resolved. Supplemental title provided stating that the item was removed. XX/XX/XXXX: Resolved. Supplemental title provided stating that the item was removed.
4095623 22NQM2 - 461 XXXXXX     Credit Credit Resolved Resolved 4095623-P293MAUY Unable to verify all credit obligations (ATR) * Unable to verify all credit obligations (ATR) (Lvl R) Per the inquiry explanation (p.161), the borrower opened a new account with Tesla that is not on the credit report. The file does not contain a copy of the statement showing the payment amount to include in the DTI.     XX/XX/XXXX: Cleared. Documentation received. XX/XX/XXXX: Cleared. Documentation received.
4095623 22NQM2 - 461 XXXXXX     Credit Eligibility Resolved Resolved JYGP1FS5Y33-49N3UVYZ Original CLTV does not meet elig. requirement(s) * Original CLTV does not meet eligibility requirement(s) (Lvl R) The loan closed at XX LTV/CLTV and program guidelines limit N/O/O DSCR < XX to XX%.        
4095623 22NQM2 - 461 XXXXXX     Valuation Value Resolved Resolved 4095623-M0XGEFL4 Quality of Appraisal Report Unacceptable * Quality of Appraisal Report Unacceptable (Lvl R) The loan file contains only black and white appraisal photos. Missing the color photos of the subject and comparables. Additionally, the appraisal has the city listed as Tujunga; whereas, the Note, DOT and title reflect XXXXXXX as the City.     XX/XX/XXXX: Cleared. Documentation received. XX/XX/XXXX: Cleared. Documentation received.
4095623 22NQM2 - 461 XXXXXX     Credit Credit Active 2: Acceptable with Warnings 4095623-KN6IC5WB Missing asset documentation (ATR) * Missing asset documentation (ATR) (Lvl 2) Lender guidelines section 7.5 states account statements should cover the most recent 60-day period; however, the loan file contains only one month statement for the XXXXXXXaccounts ending XXXX and XXXX as well as only one month of the XXXXXXX account XXXX. These assets are needed for sufficient funds to close and reserves; therefore, the second month is needed. Residual income over $XXX month.
XXX credit
XX% DTI
  XX/XX/XXXX: Exception received to accept only recent 30 day assets on business account with XXX XXXX. XX/XX/XXXX: Exception received to accept only recent 30 day assets on business account with XXX XXXX.
5FI2XQCFAUY 22NQM2 - 424 XXXXXX     Compliance Disclosures Resolved Resolved 5FI2XQCFAUY-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
5FI2XQCFAUY 22NQM2 - 424 XXXXXX     Compliance Compliance Resolved Resolved 5FI2XQCFAUY-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) There is no clear evidence of an initial application date in the file. The earliest 1003 in the file was prepared XX/XX/XXXX however, the file contains documents dated prior to this date. Auditor is unable to determine the true initial application date and therefore can't determine if the following were disclosed within 3 business days from the application date: Initial LE, Service Provider List, ARM Loan Program Disclosure, CHARM Booklet, Home Loan Toolkit, Homeownership Counseling Disclosure.   XX/XX/XXXX Dated 1003 provided. XX/XX/XXXX cleared. Dated 1003 provided. XX/XX/XXXX cleared. Dated 1003 provided.
5FI2XQCFAUY 22NQM2 - 424 XXXXXX     Valuation Value Resolved Resolved 5FI2XQCFAUY-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl R) Missing Third party Valuaion product to support appraial value within 10% variance. CU score XX        
5FI2XQCFAUY 22NQM2 - 424 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings 5FI2XQCFAUY-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
AQQZS2EXXGX 22NQM2 - 419 XXXXXX     Compliance Disclosures Resolved Resolved AQQZS2EXXGX-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cured by providing the initial and any revised Loan Estimates that were issued to the consumer.   XX/XX/XXXX LE issued XX/XX/XXXX & XX/XX/XXXX were provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
AQQZS2EXXGX 22NQM2 - 419 XXXXXX     Compliance Compliance Resolved Resolved AQQZS2EXXGX-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX E-consent disclosure provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
AQQZS2EXXGX 22NQM2 - 419 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings AQQZS2EXXGX-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
B3WWC4MQIVQ 22NQM2 - 450 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings B3WWC4MQIVQ-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
BYULOQ32FBF 22NQM2 - 420 XXXXXX     Compliance Compliance Resolved Resolved BYULOQ32FBF-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   Econsent XX/XX/XXXX Cleared. The Econsent resolved the disclosure fail. XX/XX/XXXX Cleared. The Econsent resolved the disclosure fail.
BYULOQ32FBF 22NQM2 - 420 XXXXXX     Compliance Disclosures Resolved Resolved BYULOQ32FBF-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   Econsent XX/XX/XXXX Cleared. The Econsent resolved the RESPA disclosure. XX/XX/XXXX Cleared. The Econsent resolved the RESPA disclosure.
BYULOQ32FBF 22NQM2 - 420 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings BYULOQ32FBF-218OB3NA Missing TRID Reimbursement Documentation (for requ * Missing TRID Reimbursement Documentation (for requirements not related to a tolerance fail) (Lvl 2) This loan failed the reimbursement date post-consummation revised closing disclosure delivery date test. The PCCD issued on XX/XX/XXXX was provided more than 60 calendar days after the consummation date, 0XX/XX/XXXX. Per § 1026.19(f)(2)(v)), if the creditor cures a tolerance violation by providing a reimbursement to the consumer, the creditor must deliver or place in the mail a corrected Closing Disclosure that reflects the reimbursement no later than 60 calendar days after consummation. No rebuttal response required. Cure accepted 60 days from discovery.        
BYULOQ32FBF 22NQM2 - 420 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings BYULOQ32FBF-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
CRYMFHSDUGL 22NQM2 - 422 XXXXXX     Compliance Compliance Resolved Resolved CRYMFHSDUGL-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) The initial CD issued on XX/XX/XXXX was not received by the consumer 3-business days prior to consummation XX/XX/XXXX and a waiver was not provided. The defect can be cured by providing evidence that shows the consumer received the disclosure 3-business days prior to consummation or a waiver stating why consummation took place prior to the 3-day rule. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.   XX/XX/XXXX CD issued XX/XX/XXXX was provided. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
CRYMFHSDUGL 22NQM2 - 422 XXXXXX     Valuation ValuationWaterfall Resolved Resolved CRYMFHSDUGL-92YOUD3A Appraised value not supported. Form Type/CU Score * Appraised value not supported. Form Type and CU Score (Lvl R) CU score of XX; missing secondary valuation to support appraisal value.   XX/XX/XXXX Loanstream provided 2 full appraisals one dated XX/XX/XXXX and one dated XX/XX/XXXX both with the appraised value of $XXX XX/XX/XXXX Finding remains

XX/XX/XXXX Finding resolved
XX/XX/XXXX Finding remains

XX/XX/XXXX Finding resolved
CRYMFHSDUGL 22NQM2 - 422 XXXXXX     Credit Doc Issue Resolved Resolved CRYMFHSDUGL-WZXMZIVC Mortgage not properly executed * Mortgage not properly executed (Lvl R) Security Instrument is inconsistent. The County is listed in the Mortgage has XXXXXXX, however the legal description is XXXXXXX County.     XX/XX/XXXX: Resolved. Security Instrument received listing XXXXXXX as the County. XX/XX/XXXX: Resolved. Security Instrument received listing XXXXXXX as the County.
DI534D3LXB0 22NQM2 - 445 XXXXXX     Compliance Compliance Resolved Resolved DI534D3LXB0-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) "This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the following fees on XX/XX/XXXX was not accepted because a valid change of circumstance was not provided: Appraisal Fees. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label). "   COC dated XX/XX/XXXX XX/XX/XXXX Cleared. The COC dated XX/XX/XXXX resolved the tolerance violation. XX/XX/XXXX Cleared. The COC dated XX/XX/XXXX resolved the tolerance violation.
DI534D3LXB0 22NQM2 - 445 XXXXXX     Valuation Value Resolved Resolved DI534D3LXB0-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl R) Missing Third Party Valuation product to support appraisal value within 10% Variance. CU score XX     XX/XX/XXXX: Cleared. Documents requested received. XX/XX/XXXX: Cleared. Documents requested received.
DI534D3LXB0 22NQM2 - 445 XXXXXX     Credit Assets Insufficient Resolved Resolved DI534D3LXB0-N0ARUTPV Assets are not sufficient to close * Assets are not sufficient to close (Lvl R)          
DI534D3LXB0 22NQM2 - 445 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings DI534D3LXB0-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
FRYCLNBFRBB 22NQM2 - 417 XXXXXX     Compliance Compliance Resolved Resolved FRYCLNBFRBB-CWUKZAPB ComplianceEase TRID Tolerance Test is Incomplete * ComplianceEase TRID Tolerance Test is Incomplete (Lvl R) The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cured by providing the initial and any revised Loan Estimates that were issued to the consumer.

A revised disclosure was not provided to the consumer within 3 business days of the rate lock date. Per regulation, when there is a rate lock, the creditor must provide a revised disclosure within three business days.
  XX/XX/XXXX LE(s) issued XX/XXXX and XX/XXXX were provided. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
FRYCLNBFRBB 22NQM2 - 417 XXXXXX     Credit Doc Issue Resolved Resolved FRYCLNBFRBB-IZYSM7OP Notice of Servicing Transfer missing or unexecuted * Notice of Servicing Transfer missing or unexecuted (Lvl R) The Servicing Information was not disclosed to the consumer on the initial or any revised LEs.   XX/XX/XXXX LE issued XX/XXXX was provided. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
FRYCLNBFRBB 22NQM2 - 417 XXXXXX     Credit Doc Issue Resolved Resolved FRYCLNBFRBB-IYAZB5ZX Loan program disclosure missing or unexecuted * Loan program disclosure missing or unexecuted (Lvl R) The Adjustable Rate Mortgage Loan Program Disclosure is missing. The defect can be cured by providing the disclosure.   XX/XX/XXXX Early ARM Disclosure Statement was provided. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
FRYCLNBFRBB 22NQM2 - 417 XXXXXX     Compliance Compliance Resolved Resolved FRYCLNBFRBB-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, the E-consent is required as well.   XX/XX/XXXX CD issued XX/XX/XXXX was provided. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
FRYCLNBFRBB 22NQM2 - 417 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings FRYCLNBFRBB-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
G4KFXVVUKCT 22NQM2 - 434 XXXXXX     Compliance Disclosures Resolved Resolved G4KFXVVUKCT-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   Econsent XX/XX/XXXX The Econsent resolved the RESPA disclosure. XX/XX/XXXX The Econsent resolved the RESPA disclosure.
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Compliance Compliance Resolved Resolved GE4OXXTCM2F-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   Econsents dated XX/XX/XXXX XX/XX/XXXX Cleared. The EConsents signed by both consumers resolved the disclosure delivery fail. XX/XX/XXXX Cleared. The EConsents signed by both consumers resolved the disclosure delivery fail.
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Credit Data Integrity Resolved Resolved GE4OXXTCM2F-5Q3KA75U Data Integrity * Tape Discrepancy (Lvl R) Tape Discrepancy - Did not include B2 credit score information on file.
Tape Discrepancy - LTV shows at XX% actual is XX%
       
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Credit Eligibility Resolved Resolved GE4OXXTCM2F-XXIQM43Q DTI Ratio does not meet eligibility requirement(s) * DTI (Back) Ratio does not meet eligibility requirement(s) (Lvl R) Income was not decreased by the cost of operation of 20% required by the guidelines, income used was through June 2021 but there were July statements in file. Income after decrease changed to $XXX which increased DTI to XX%.        
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Credit Doc Issue Resolved Resolved GE4OXXTCM2F-03ELN9DK Note data is missing or inaccurate * Note data is missing or inaccurate (Lvl R) ARM Rider on file has information on the bottom of the document cut off.        
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Credit Credit Worthiness Resolved Resolved GE4OXXTCM2F-P6P8CVNF Mortgage history for primary residence less than 1 * Mortgage history for primary residence less than 12 months (Lvl R) Documentation for rental history not on file.        
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Credit Assets Insufficient Resolved Resolved GE4OXXTCM2F-ANWMID6Q Cash reserves less than required by guidelines * Cash reserves less than required by guidelines (Lvl R) Need bank statement for July for XXXXXXX and Ameritrade to verify reserves.
1003 shows two 'other' assets in the amount of $$XXX and $XXX but no documentation for these assets.
       
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Credit Credit Resolved Resolved GE4OXXTCM2F-5ENZSYCH DTI/Residual income outside of guidelines (ATR) * DTI/Residual income outside of guidelines (ATR) (Lvl R) Income was not decreased by the cost of operation of 20% required by the guidelines. Lender used full 12 month average of $XXX. Income after decrease changed to $XXX which increased DTI to XX%.        
GE4OXXTCM2F 22NQM2 - 452 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings GE4OXXTCM2F-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl 2) The Adjustable Rate Mortgage Loan Program Disclosure dated XX/XX/XXXX was not disclosed within 3 days of the application date, XX/XX/XXXX. The defect can be resolved by providing evidence that shows the disclosure was provided timely.        
GXQNGJ4QLLC 22NQM2 - 457 XXXXXX     Credit Credit Resolved Resolved GXQNGJ4QLLC-JE421Y2Y Borrower(s) Hazard Insurance Requirements (Fail) * Borrower(s) Hazard Insurance Requirements (Fail) (Lvl R) The loan file is missing the Hazard Insurance Agent's Replacement Cost Estimate (RCE) to verify coverage of $XXX, page 370, is sufficient to cover the improvements, or the loan balance. Provide the RCE and confirmation that the coverage is adequate for review.     XX/XX/XXXX: Cleared XX/XX/XXXX: Cleared
HKIAEF2JLC1 22NQM2 - 455 XXXXXX     Credit Credit Resolved Resolved HKIAEF2JLC1-NUWHQML7 Credit history inadequate/does not meet g/l (ATR) * Credit history insufficient/does not meet guidelines (ATR) (Lvl R) Exception: The file does not include a copy of the borrower's 24 month rent payment history for his primary residence.     XX/XX/XXXX: Cleared, documentation provided. XX/XX/XXXX: Cleared, documentation provided.
IXOYDDCRST4 22NQM2 - 431 XXXXXX     Credit Eligibility Resolved Resolved IXOYDDCRST4-49N3UVYZ Original CLTV does not meet elig. requirement(s) * Original CLTV does not meet eligibility requirement(s) (Lvl R) LTV of XX% exceeds guidelines maximum of XX% for DSCR under XX High Credit Score

High Asset Reserves
Approved exception for a XX% LTV increase to XX% LTV when XX% LTV is max per guides. XX/XX/XXXX: Cleared XX/XX/XXXX: Cleared
IXOYDDCRST4 22NQM2 - 431 XXXXXX     Credit Eligibility Resolved Resolved IXOYDDCRST4-N4AIS65E Original LTV does not meet elig. requirement(s) * Original LTV (OLTV) does not meet eligibility requirement(s) (Lvl R) LTV of XX% exceeds guidelines maximum of XX% for DSCR under XX High Credit Score

High Asset Reserves
Approved exception for a XX% LTV increase to XX% LTV when XX% LTV is max per guides. XX/XX/XXXX: Cleared XX/XX/XXXX: Cleared
IXOYDDCRST4 22NQM2 - 431 XXXXXX     Credit Credit Active 2: Acceptable with Warnings IXOYDDCRST4-VADECRA3 Borrower(s) LTV Requirement (Fail) * Borrower(s) LTV Requirement (Fail) (Lvl 2) LTV of XX% exceeds guidelines maximum of XX% for DSCR under XX High Credit Score

High Asset Reserves
Approved exception for a XX% LTV increase to XX% LTV when XX% LTV is max per guides. XX/XX/XXXX: Cleared XX/XX/XXXX: Cleared
IZGPKU5QX1D 22NQM2 - 451 XXXXXX     Credit Doc Issue Resolved Resolved IZGPKU5QX1D-BAXAUT3E Amount of title insurance is less than mortgage am * Amount of title insurance is less than mortgage amount (Lvl R) Property in XX, no issue     XX/XXXX: Cleared, documentation provided XX/XXXX: Cleared, documentation provided
JKU5C102R55 22NQM2 - 446 XXXXXX     Valuation Property Active 2: Acceptable with Warnings JKU5C102R55-FSPW8MVQ Property Issues indicated * Property Issues indicated (Lvl 2) Exception Approval, page 370, for one unit < 400 s.f. guidelines. Studio unit is 378 s.f.        
JYGILQRHAP5 22NQM2 - 441 XXXXXX     Compliance Disclosures Resolved Resolved JYGILQRHAP5-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
JYGILQRHAP5 22NQM2 - 441 XXXXXX     Valuation Value Resolved Resolved JYGILQRHAP5-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl R) Missing Third party valuation product to support appraisal value within 10% variation.     XX/XX/XXXX: Cleared. Documents requested received. XX/XX/XXXX: Cleared. Documents requested received.
JYGILQRHAP5 22NQM2 - 441 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings JYGILQRHAP5-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
JYGILQRHAP5 22NQM2 - 441 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings JYGILQRHAP5-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl 2) The CD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument.        
K05RRC3Y1CH 22NQM2 - 430 XXXXXX     Compliance Disclosures Resolved Resolved K05RRC3Y1CH-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   Econsent XX/XX/XXXX The EConsent resolved the RESPA disclosure/ XX/XX/XXXX The EConsent resolved the RESPA disclosure/
K255TMQXX0A 22NQM2 - 462 XXXXXX     Compliance Compliance Resolved Resolved K255TMQXX0A-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl R) This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) ) Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, the decrease to lender credits on XX/XX/XXXX did not reset the baseline. The violation may be cured if documentation is provided showing the disclosure was delivered timely.   EConsent & esigned XX/XX/XXXX CD XX/XX/XXXX Cleared. The EConsent resolved the tolerance fail. XX/XX/XXXX Cleared. The EConsent resolved the tolerance fail.
K255TMQXX0A 22NQM2 - 462 XXXXXX     Compliance Compliance Resolved Resolved K255TMQXX0A-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   EConsent XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure. XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure.
K255TMQXX0A 22NQM2 - 462 XXXXXX     Compliance Disclosures Resolved Resolved K255TMQXX0A-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   EConsent XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure. XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure.
K255TMQXX0A 22NQM2 - 462 XXXXXX     Compliance Compliance Resolved Resolved K255TMQXX0A-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).   COC XX/XX/XXXX XX/XX/XXXX Cleared. The COC dated XX/XX/XXXX resolved the tolerance fail. XX/XX/XXXX Cleared. The COC dated XX/XX/XXXX resolved the tolerance fail.
K255TMQXX0A 22NQM2 - 462 XXXXXX     Compliance Compliance Resolved Resolved K255TMQXX0A-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).   COC XX/XX/XXXX XX/XX/XXXX Cleared. The EConsent resolved the tolerance fail. XX/XX/XXXX Cleared. The EConsent resolved the tolerance fail.
K255TMQXX0A 22NQM2 - 462 XXXXXX     Credit Eligibility Active 2: Acceptable with Warnings K255TMQXX0A-N4AIS65E Original LTV does not meet elig. requirement(s) * Original LTV (OLTV) does not meet eligibility requirement(s) (Lvl 2) XX LTV exceeds max of XX% allowed for I/O loans. Lender exception approval in file page 609. XX months PITI reserves.      
K2OIJTDDIRY 22NQM2 - 433 XXXXXX     Valuation Value Resolved Resolved K2OIJTDDIRY-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl R) Missing Third party Valuation product to support appraisal value within 10% variance.     XX/XX/XXXX: Cleared. Documents requested received. XX/XX/XXXX: Cleared. Documents requested received.
K2OIJTDDIRY 22NQM2 - 433 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings K2OIJTDDIRY-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML. Evidence that a copy of a written appraisal with interior photos and performed by a certified appraiser was provided to the consumer is missing. Per Regulation, a creditor shall provide to the consumer a copy of any written appraisal performed in connection with a HPML. The defect can be resolved by providing evidence that shows the consumer received a copy of the appraisal report.        
KGH3IDG3PKR 22NQM2 - 421 XXXXXX     Credit Title Issue Resolved Resolved KGH3IDG3PKR-3MGROFI3 Title issue * Title issue (Lvl R) Title shows lien and payments due. Escrow holdback at closing pending resolution.   I am holding the $XXX plumbing escrow but it is not title related. XX/XX/XXXX: Cleared, documentation provided XX/XX/XXXX: Cleared, documentation provided
KGH3IDG3PKR 22NQM2 - 421 XXXXXX     Valuation Doc Issue Resolved Resolved KGH3IDG3PKR-E0IOJGB0 Loan has escrow holdback. No proof it was released * Loan has escrow holdback. No proof it was released (Lvl R) Provide evidence that escrow holdbacks and payments appearing on HUD-1 have been released and final title cleared     XX/XX/XXXX: Cleared, documentation provided XX/XX/XXXX: Cleared, documentation provided
KGH3IDG3PKR 22NQM2 - 421 XXXXXX     Credit Title Issue Resolved Resolved KGH3IDG3PKR-OKHEDD31 Title reports unpaid liens * Title reports unpaid liens (Lvl R) Title reflects unpaid lien, plumbing, and utility charges with holdback of $XXX     XX/XX/XXXX: Cleared, documentation provided XX/XX/XXXX: Cleared, documentation provided
KGH3IDG3PKR 22NQM2 - 421 XXXXXX     Credit Credit Resolved Resolved KGH3IDG3PKR-JE421Y2Y Borrower(s) Hazard Insurance Requirements (Fail) * Borrower(s) Hazard Insurance Requirements (Fail) (Lvl R) Hazard policy is for replacement cost; however, it is written for less than the amount of the mortgage.     XX/XX/XXXX: Cleared, documents received XX/XX/XXXX: Cleared, documents received
LEBYH2G1XYX 22NQM2 - 426 XXXXXX     Compliance Disclosures Resolved Resolved LEBYH2G1XYX-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX E-consent was provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
LEBYH2G1XYX 22NQM2 - 426 XXXXXX     Compliance Compliance Resolved Resolved LEBYH2G1XYX-X23FZWUT Disclosures * Consumer Handbook on Adjustable Rate Mortgages (CHARM Booklet) (Lvl R) The CHARM Booklet is missing. The defect can be resolved by providing the missing disclosure.   XX/XX/XXXX CHARM was provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
LEBYH2G1XYX 22NQM2 - 426 XXXXXX     Compliance Compliance Resolved Resolved LEBYH2G1XYX-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, <enter consummation date>. If disclosure was delivered electronically, the E-consent is required as well.   XX/XX/XXXX CD issued XX/XX/XXXX was provided. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
LEBYH2G1XYX 22NQM2 - 426 XXXXXX     Compliance Compliance Resolved Resolved LEBYH2G1XYX-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, the increase to the following fees on XX/XX/XXXX did not reset the baseline: Points - Loan Discount Fee and Mortgage Broker Fee. The violation may be cured if documentation is provided showing the disclosure was delivered timely.   XX/XX/XXXX CD issued XX/XX/XXXX was provided. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
LEBYH2G1XYX 22NQM2 - 426 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings LEBYH2G1XYX-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
LQVSXNBMFVF 22NQM2 - 425 XXXXXX     Compliance Doc Issue Resolved Resolved LQVSXNBMFVF-EOCDDTAJ ROR funding date before end of required rescission * ROR funding date before end of required rescission period (Lvl R) The loan failed the Right of Rescission test. The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Consummation took place on XX/XX/XXXX and per the last revised CD/PCCD issued on XX/XX/XXXX, the loan disbursed on XX/XX/XXXX. Loan could not disburse until after the end of the rescission period; rescission ended on XX/XX/XXXX. The defect can be cured by providing the true funding date.   PCCD XX/XX/XXXX Cleared. The PCCD resolved the disbursement date. XX/XX/XXXX Cleared. The PCCD resolved the disbursement date.
LQVSXNBMFVF 22NQM2 - 425 XXXXXX     Compliance Disclosures Resolved Resolved LQVSXNBMFVF-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The Note does not list the Broker's NMLS.   LE XXX/XX/XXXX and XX/XX/XXXX XX/XX/XXXX Cleared. The LE list the mortgage broker. XX/XX/XXXX Cleared. The LE list the mortgage broker.
LQVSXNBMFVF 22NQM2 - 425 XXXXXX     Compliance Compliance Resolved Resolved LQVSXNBMFVF-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The addition of the following fee was not accepted because the change was not disclosed within 3-business days: Appraisal Final Inspection Fee. The change occurred on XX/XX/XXXX/2021; however, the disclosure was not issued until XX/XX/XXXX. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing evidence that the change was disclosed within 3-business days. If curing with a reimbursement, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery (mailing label).   1004D completed XX/XX/XXXX and LOE XX//XX/XXXX Not cleared. Although there is a COC dated XX/XX/XXXX, the file also contains an “Appraisal Transfer” dated XX/XX/XXXX. The COC reads “new service required 1004D / Appraisal Transfer”. The concern is whether the fee is for an inspection or a transfer fee. The file did not contain the inspection report; the auditor could not determine when it was ordered and/or completed. The violation may be resolved by providing a copy of the inspection report and date of the order. This will help us determine whether or not the revised CD was provided timely.

XX/XX/XXXX Cleared. The LOE and 1004D completed XX/XX/XXXX resolved the tolerance test.
XX//XX/XXXX Not cleared. Although there is a COC dated XX/XX/XXXX, the file also contains an “Appraisal Transfer” dated XX/XX/XXXX. The COC reads “new service required 1004D / Appraisal Transfer”. The concern is whether the fee is for an inspection or a transfer fee. The file did not contain the inspection report; the auditor could not determine when it was ordered and/or completed. The violation may be resolved by providing a copy of the inspection report and date of the order. This will help us determine whether or not the revised CD was provided timely.

XX/XX/XXXX Cleared. The LOE and 1004D completed XX/XX/XXXX resolved the tolerance test.
NT5X5UMPKBO 22NQM2 - 449 XXXXXX     Compliance Disclosures Resolved Resolved NT5X5UMPKBO-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent. "   EConsent XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure. XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure.
NT5X5UMPKBO 22NQM2 - 449 XXXXXX     Compliance Compliance Resolved Resolved NT5X5UMPKBO-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   EConsent XX/XX/XXXX Cleared. The Econsent resolved the RESPA disclosure. XX/XX/XXXX Cleared. The Econsent resolved the RESPA disclosure.
NT5X5UMPKBO 22NQM2 - 449 XXXXXX     Compliance Compliance Resolved Resolved NT5X5UMPKBO-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   EConsent XX/XX/XXXX Cleared. The EConsent resolved the disclosure delivery. XX/XX/XXXX Cleared. The EConsent resolved the disclosure delivery.
NT5X5UMPKBO 22NQM2 - 449 XXXXXX     Valuation ValuationWaterfall Resolved Resolved NT5X5UMPKBO-92YOUD3A Appraised value not supported. Form Type/CU Score * Appraised value not supported. Form Type and CU Score (Lvl R) CU value is XX - Appraised value is within 10% of CDA        
NT5X5UMPKBO 22NQM2 - 449 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings NT5X5UMPKBO-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
PSRBV5TNORH 22NQM2 - 432 XXXXXX     Credit Eligibility Resolved Resolved PSRBV5TNORH-N4AIS65E Original LTV does not meet elig. requirement(s) * Original LTV (OLTV) does not meet eligibility requirement(s) (Lvl R) Max LTV for C grade is XX%. Subject closed at XX%. C grade due to 120 day mortgage late w/in 12 months.   XX/XX/XXXX Loanstream provided credit supplement and COC. credit supplement does not satisfy any of credit findings. XX/XX/XXXX Finding remains

XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a LTV of XX%.
XX/XX/XXXX Finding remains

XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a LTV of XX%.
PSRBV5TNORH 22NQM2 - 432 XXXXXX     Credit Guidelines Resolved Resolved PSRBV5TNORH-H5DK5Z4S Loan amount exceeds guideline maximum * Loan amount exceeds guideline maximum (Lvl R) Loan amount of $XXX exceed max of $XXX allowed for C grade. Loan rated C grade due to 120 late on mortgage history.   XX/XX/XXXX Loanstream provided credit supplement and COC. credit supplement does not satisfy any of credit findings. XX/XX/XXXX Finding remains

XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a XX% LTV.
XX/XX/XXXX Finding remains

XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a XX% LTV.
PSRBV5TNORH 22NQM2 - 432 XXXXXX     Credit Credit Resolved Resolved PSRBV5TNORH-5ENZSYCH DTI/Residual income outside of guidelines (ATR) * DTI/Residual income outside of guidelines (ATR) (Lvl R) DTI is XX% and Credit is C du to 120 late mortgage payment XX/XX/XXXX. Per guidelines, DTI up to 5XX% only allowed for A or better grade. Lender approved at XX%, but did not include B3 consumer debt of $XXX.   XX/XX/XXXX Loanstream provided credit supplement and COC. credit supplement does not satisfy any of credit findings. XX/XX/XXXX Finding remains
XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a DTI under XX%.
XX/XX/XXXX Finding remains
XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a DTI under XX%.
PSRBV5TNORH 22NQM2 - 432 XXXXXX     Credit Eligibility Resolved Resolved PSRBV5TNORH-XXIQM43Q DTI Ratio does not meet eligibility requirement(s) * DTI (Back) Ratio does not meet eligibility requirement(s) (Lvl R) DTI is XX% and Credit is C du to 120 late mortgage payment XX/XX/XXXX. Per guidelines, DTI up to 5XX% only allowed for A or better grade. Lender approved at XX%, but did not include B3 consumer debt of $XXX.   XX/XX/XXXX Loanstream provided credit supplement and COC. credit supplement does not satisfy any of credit findings. XX/XX/XXXX: Remains. Received credit supplement for the mortgage history but only covers until XX/XX/XXXX

XX/XX/XXXX Finding remains

XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a DTI under XX%.
XX/XX/XXXX: Remains. Received credit supplement for the mortgage history but only covers until XX/XX/XXXX

XX/XX/XXXX Finding remains

XX/XX/XXXX: Resolved. Supplemental credit report received to clear delinquency with mortgage making loan eligible for A grade with a DTI under XX%.
PSRBV5TNORH 22NQM2 - 432 XXXXXX     Compliance Disclosures Resolved Resolved PSRBV5TNORH-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX E-Consent(s) were provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
PSRBV5TNORH 22NQM2 - 432 XXXXXX     Compliance Compliance Resolved Resolved PSRBV5TNORH-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent. "   XX/XX/XXXX E-consent disclosures were provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
PSRBV5TNORH 22NQM2 - 432 XXXXXX     Compliance Compliance Resolved Resolved PSRBV5TNORH-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) "This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX.00 is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).   XX/XX/XXXX COC dated 9/XX/XX/XXXX was provided XX/XX/XXXX not cleared. Please provide invoice (with date) and the reason for increased appraisal fee.

XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX not cleared. Please provide invoice (with date) and the reason for increased appraisal fee.

XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
Q3OLLYKQHC1 22NQM2 - 447 XXXXXX     Compliance Compliance Resolved Resolved Q3OLLYKQHC1-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   EConsent dated XX/XX/XXXX XX/XX/XXXX Cleared. The EConsent dated XX/XX/XXXX resolved the RESPA disclosure. XX/XX/XXXX Cleared. The EConsent dated XX/XX/XXXX resolved the RESPA disclosure.
Q3OLLYKQHC1 22NQM2 - 447 XXXXXX     Compliance Compliance Resolved Resolved Q3OLLYKQHC1-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Points on disclosure XX/XX/XXXX was not accepted. Although the change appears to be valid, because a COC was not provided, auditor is unable to determine if the revised disclosure was provided within 3 business days of the change. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or by providing a date for the change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery (mailing label).   COC dated XX/XX/XXXX XX/XX/XXXX Cleared. The COC dated XX/XX/XXXX resolved the tolerance fail. XX/XX/XXXX Cleared. The COC dated XX/XX/XXXX resolved the tolerance fail.
Q3OLLYKQHC1 22NQM2 - 447 XXXXXX     Valuation ValuationWaterfall Resolved Resolved Q3OLLYKQHC1-92YOUD3A Appraised value not supported. Form Type/CU Score * Appraised value not supported. Form Type and CU Score (Lvl R)          
RYJBHE5AAMO 22NQM2 - 440 XXXXXX     Compliance Disclosures Resolved Resolved RYJBHE5AAMO-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
RYJBHE5AAMO 22NQM2 - 440 XXXXXX     Compliance Compliance Resolved Resolved RYJBHE5AAMO-U3A5AIF4 Unable to Validate Origination QM Program * Unable to Validate what QM Program the Loan was Originated under (Lvl R) File is 12 month Bank statement, Alt Doc, non QM, QM origination information not provided.        
RYJBHE5AAMO 22NQM2 - 440 XXXXXX     Credit Data Integrity Resolved Resolved RYJBHE5AAMO-5Q3KA75U Data Integrity * Tape Discrepancy (Lvl R) Tape discrepancy regarding qualifying FICO - Documentation shows using B2 FICO for qualifying, verified guidelines - Credit score of the Primary Wage Earner will be used for grading and pricing when using 12 month bank statements to qualify. Borrower 2 has XX% ownership of business, borrower 1 has XX% ownership per CPA letter        
RYJBHE5AAMO 22NQM2 - 440 XXXXXX     Credit Guidelines Resolved Resolved RYJBHE5AAMO-HZN226DS Asset * Asset documentation does not meet guideline requirment (Lvl R)   High Asset Reserves with XX months reserves to DTI and XX months reserves PITI      
TC5JSYTYI1J 22NQM2 - 435 XXXXXX     Compliance Disclosures Resolved Resolved TC5JSYTYI1J-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The Mortgage Broker NMLS disclosed on the LE issued on XX/XX/XXXX is missing.   LE dated XX/XX/XXXX XX/XX/XXXX The LE dated XX/XX/XXXX resolved the RESPA disclosure. XX/XX/XXXX The LE dated XX/XX/XXXX resolved the RESPA disclosure.
TC5JSYTYI1J 22NQM2 - 435 XXXXXX     Compliance Compliance Resolved Resolved TC5JSYTYI1J-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The Mortgage Broker NMLS disclosed on the CD issued on XX/XX/XXXX is missing.   CD dated XX/XX/XXXX XX/XX/XXXX Cleared. The CD dated XX/XX/XXXX resolved the RESPA disclosure. XX/XX/XXXX Cleared. The CD dated XX/XX/XXXX resolved the RESPA disclosure.
TC5JSYTYI1J 22NQM2 - 435 XXXXXX     Credit Credit Worthiness Resolved Resolved TC5JSYTYI1J-P6P8CVNF Mortgage history for primary residence less than 1 * Mortgage history for primary residence less than 12 months (Lvl R) Proivide Mortgage history for primary residence for 12 months.        
TC5JSYTYI1J 22NQM2 - 435 XXXXXX     Credit Guidelines Resolved Resolved TC5JSYTYI1J-JLS636HP Income documentation does not meet guidelines * Income documentation does not meet guidelines (Lvl R)          
TC5JSYTYI1J 22NQM2 - 435 XXXXXX     Compliance Compliance Resolved Resolved TC5JSYTYI1J-AJUUGN04 ComplianceEase TRID Tolerance Test Failed * ComplianceEase TRID Tolerance Test Failed (Lvl R) The loan failed the charges that in total cannot increase more than 10% test (12 CFR §1026.19(e)(3)(ii)). The increase/addition to the following fee(s) was not accepted because a valid reason was not provided: Coordination Fee (8/2XX/XX/XXXX), Lender's Title Insurance (8/2XX/XX/XXXX & XX/XX/XXXX), Recording Processing Fee (8/2XX/XX/XXXX), and Tax Research (8/2XX/XX/XXXX). A cost to cure in the amount of $503.50 is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the increase. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery (mailing label).     XX/XX/XXXX Cleared. The SPL and final CD resolved the tolerance fail. XX/XX/XXXX Cleared. The SPL and final CD resolved the tolerance fail.
TNRYE1B3Q1C 22NQM2 - 442 XXXXXX     Compliance Compliance Resolved Resolved TNRYE1B3Q1C-OHRJB5B0 ComplianceEase TILA Test Failed * ComplianceEase TILA Test Failed (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ). The initial CD is missing from the loan file. The only CD provided was issued XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, the E-consent is required as well.   XX/XX/XXXX CD issued XX/XX/XXXX was provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
TNRYE1B3Q1C 22NQM2 - 442 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings TNRYE1B3Q1C-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
VD4IUIJMPCZ 22NQM2 - 463 XXXXXX     Compliance Compliance Resolved Resolved VD4IUIJMPCZ-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
VD4IUIJMPCZ 22NQM2 - 463 XXXXXX     Compliance Compliance Resolved Resolved VD4IUIJMPCZ-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
VD4IUIJMPCZ 22NQM2 - 463 XXXXXX     Compliance Disclosures Resolved Resolved VD4IUIJMPCZ-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
VNQQ1H22YHT 22NQM2 - 454 XXXXXX     Compliance Disclosures Resolved Resolved VNQQ1H22YHT-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   EConsent XX/XX/XXXX Cleared. The EConsent resolved the RESPA Disclosure. XX/XX/XXXX Cleared. The EConsent resolved the RESPA Disclosure.
VNQQ1H22YHT 22NQM2 - 454 XXXXXX     Compliance Compliance Resolved Resolved VNQQ1H22YHT-MJ8JCGR2 Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   EConsent XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure. XX/XX/XXXX Cleared. The EConsent resolved the RESPA disclosure.
VNQQ1H22YHT 22NQM2 - 454 XXXXXX     Compliance Compliance Resolved Resolved VNQQ1H22YHT-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   EConsent XX/XX/XXXX Cleared. The EConsent resolved the disclosure delivery. XX/XX/XXXX Cleared. The EConsent resolved the disclosure delivery.
VNQQ1H22YHT 22NQM2 - 454 XXXXXX     Compliance Compliance Resolved Resolved VNQQ1H22YHT-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl R) This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)) The increase to the Appraisal Fee on XX/XX/XXXX was not accepted because a valid change of circumstance was not provided. A cost to cure in the amount of $XXX is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the change. If curing the violation with a refund, the following documents are required: LOE to consumer(s), corrected PCCD, copy of the refund, and proof of delivery (mailing label).   XX/XX/XXXX LOE to consumer(s), copy of the refund, and proof of delivery (mailing label) provided XX/XX/XXXX Not cleared. Although revised PCCD issued XX/XX/XXXX was provided, the following are missing: LOE to consumer(s), copy of the refund, and proof of delivery (mailing label).

XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.

XX/XX/XXXX Not cleared. Although revised PCCD issued XX/XX/XXXX was provided, the following are missing: LOE to consumer(s), copy of the refund, and proof of delivery (mailing label).

XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.

YRSTLUAAZHT 22NQM2 - 443 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings YRSTLUAAZHT-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        
Z00YE43DE33 22NQM2 - 456 XXXXXX     Compliance Disclosures Resolved Resolved Z00YE43DE33-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) This loan failed the revised loan estimate delivery date test (prior to consummation) ( 12 CFR §1026.19(e)(4)(ii) ) Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
Z00YE43DE33 22NQM2 - 456 XXXXXX     Compliance Compliance Resolved Resolved Z00YE43DE33-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   XX/XX/XXXX eConsent provided. XX/XX/XXXX cleared. eConsent provided. XX/XX/XXXX cleared. eConsent provided.
ZC35YCRQTSP 22NQM2 - 459 XXXXXX     Compliance Disclosures Resolved Resolved ZC35YCRQTSP-OMJP9SOP Missing TRID RESPA Disclosures * Missing TRID RESPA Disclosures (Lvl R) The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. The defect can be resolved by providing the consumer's consent.   XX/XX/XXXX E-Consent disclosures were provided XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided is sufficient to resolve the finding.
ZC35YCRQTSP 22NQM2 - 459 XXXXXX     Compliance Compliance Resolved Resolved ZC35YCRQTSP-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) The initial CD is missing from the loan file. The only CD provided was issued $XXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that it was received by the consumer 3 business days prior to the consummation date, $XXX. If disclosure was delivered electronically, the E-consent is required as well.   XX/XX/XXXX CD(s) issued XX/XX/XXXX & XX/XX/XXXX were provided. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
ZDF5SB3KGJB 22NQM2 - 453 XXXXXX     Compliance Compliance Resolved Resolved ZDF5SB3KGJB-DADZZYZO Missing evidence of TRID Disclosure Delivery * Missing evidence of TRID Disclosure Delivery (Lvl R) This loan failed the initial closing disclosure delivery date test ( 12 CFR §1026.19(f) (1)(ii) ) Although evidence was provided showing the consumer received the disclosure electronically, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with § 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). The defect can be cured by providing the E-consent.   XX/XX/XXXX E-consent disclosure was provided. XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
XX/XX/XXXX Cleared. The documentation provided was sufficient to resolve the finding.
ZDF5SB3KGJB 22NQM2 - 453 XXXXXX     Compliance Compliance Active 2: Acceptable with Warnings ZDF5SB3KGJB-GWM0NAOS ComplianceEase TRID Tolerance Test Failed #2 * ComplianceEase TRID Tolerance Test Failed #2 (Lvl 2) The loan is an HPML and it meets the Escrow and Appraisal Requirements.        

 

   

Valuation Report

Run Date - 5/10/2022                              

 

ORIGINATION DATA POST-ORIGINATION VALUES  
LOAN INFORMATION APPRAISAL VALUES AVM VALUES DESK REVIEW VALUES BPO VALUES FIELD REVIEW VALUES 2055 VALUES RECONCILIATION VALUES UPDATED VALUES APPRAISAL VALUES AVM VALUES DESK REVIEW VALUES BPO VALUES FIELD REVIEW VALUES 2055 VALUES RECONCILIATION VALUES  
Recovco Loan ID Redacted ID Loan #1 Loan #2 Loan #3 Pool Collateral Underwriter Risk Score Note Date Original Loan Amount Sales Price Final Value Used by Lender Appraised Value Appraisal Form Type Appraisal Date Second Appraisal Value Variance Amount Variance Percent Second Appraisal Date Second Appraisal Type Appraised Value Variance Amount Variance Percent Company Confidence Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Risk Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Form Type Appraised Value Variance Amount Variance Percent Form Type Company Appraisal Date Appraised Value Appraisal Form Type Appraisal Date Second Appraisal Value Variance Amount Variance Percent Appraised Value Variance Amount Variance Percent Company Confidence Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Form Type
01NJH1IKN1O 22NQM2 - 423 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
0EPPSAB33TC 22NQM2 - 458 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX           $XXX $XXX XX% VA Value XX% XX/XX/XXXX $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
1O0NVR3YTJT 22NQM2 - 428 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
1WEJYVVRE4B 22NQM2 - 414 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
2EFSFIOYAYF 22NQM2 - 439 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
2LTWGLEID2P 22NQM2 - 429 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% Proteck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
2WURQS4YD44 22NQM2 - 418 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
3IM1W1X2TTL 22NQM2 - 427 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
3K4KKPMVU3W 22NQM2 - 416 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX $XXX $XXX XX% XX/XX/XXXX 1004 Residential Appraisal                                                                   $XXX $XXX XX% URAR Form 1004, 70, 72,  1025, 1073, 465, 2090, 1004C, and 70B (Form 1075 retired 11/1/2005) [3]   XX/XX/XXXX                                                                            
4095623 22NQM2 - 461 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                             $XXX   XX%     XX/XX/XXXX                                                                            
57530957 22NQM2 - 460 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
5BAHGZE5S1E 22NQM2 - 436 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
5FI2XQCFAUY 22NQM2 - 424 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
AQQZS2E11GX 22NQM2 - 419 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
B3WWC4MQIVQ 22NQM2 - 450 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
BON5OLQ03PI 22NQM2 - 437 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
BYULOQ32FBF 22NQM2 - 420 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
CRYMFHSDUGL 22NQM2 - 422 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX $XXX $XXX XX% XX/XX/XXXX 1004 Residential Appraisal                                                                   $XXX $XXX XX% URAR Form 1004, 70, 72,  1025, 1073, 465, 2090, 1004C, and 70B (Form 1075 retired 11/1/2005) [3]   XX/XX/XXXX                                                                            
DI534D3LXB0 22NQM2 - 445 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
FRYCLNBFRBB 22NQM2 - 417 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
G4KFXVVUKCT 22NQM2 - 434 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1073 Condominiums XX/XX/XXXX                       $XXX $XXX XX% Proteck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
GE4O14TCM2F 22NQM2 - 452 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
GXQNGJ4QLLC 22NQM2 - 457 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
HKIAEF2JLC1 22NQM2 - 455 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1073 Condominiums XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
I3TOSXQSHYM 22NQM2 - 444 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
IXOYDDCRST4 22NQM2 - 431 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
IZGPKU5QX1D 22NQM2 - 451 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX                       $XXX $XXX XX% PROTECK XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
JJRF1OSABKD 22NQM2 - 438 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX                       $XXX $XXX XX% PROTECK XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
JKU5C102R55 22NQM2 - 446 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
JYGILQRHAP5 22NQM2 - 441 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
K05RRC3Y1CH 22NQM2 - 430 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% Proteck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
K255TMQ140A 22NQM2 - 462 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX $XXX $XXX XX% XX/XX/XXXX 1004 Residential Appraisal                                                                   $XXX $XXX XX% URAR Form 1004, 70, 72,  1025, 1073, 465, 2090, 1004C, and 70B (Form 1075 retired 11/1/2005) [3]   XX/XX/XXXX                                                                            
K2OIJTDDIRY 22NQM2 - 433 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
KGH3IDG3PKR 22NQM2 - 421 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX                       $XXX $XXX XX% Proteck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
LEBYH2G1XYX 22NQM2 - 426 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% Clear Capital XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
LIRJUYYAWQ2 22NQM2 - 413 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
LQVSXNBMFVF 22NQM2 - 425 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
NT5X5UMPKBO 22NQM2 - 449 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% Proteck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
PSRBV5TNORH 22NQM2 - 432 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
Q3OLLYKQHC1 22NQM2 - 447 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% Clear Capital  XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
RYJBHE5AAMO 22NQM2 - 440 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                       $XXX $XXX XX% ProTeck XXXX XX/XX/XXXX                                           $XXX $XXX XX% Desk Review [9]   XX/XX/XXXX                                                                            
TC5JSYTYI1J 22NQM2 - 435 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX $XXX $XXX XX% XX/XX/XXXX 1004 Residential Appraisal                                                                   $XXX $XXX XX% URAR Form 1004, 70, 72,  1025, 1073, 465, 2090, 1004C, and 70B (Form 1075 retired 11/1/2005) [3]   XX/XX/XXXX                                                                            
TNRYE1B3Q1C 22NQM2 - 442 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
VD4IUIJMPCZ 22NQM2 - 463 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
VJHNGKU0W11 22NQM2 - 448 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
VNQQ1H22YHT 22NQM2 - 454 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
WPORF50VYKY 22NQM2 - 415 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX   $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
YRSTLUAAZHT 22NQM2 - 443 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1073 Condominiums XX/XX/XXXX                                                                                                                                                                    
Z00YE43DE33 22NQM2 - 456 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
ZC35YCRQTSP 22NQM2 - 459 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    
ZDF5SB3KGJB 22NQM2 - 453 XXXXXXX     XXXXXXXX XX XX/XX/XXXX $XXX $XXX $XXX $XXX 1004 Residential Appraisal XX/XX/XXXX                                                                                                                                                                    

 

   

 


Data Comparison

Run Date - 5/2/2022          

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Field Loan Value Tape Value Variance Variance %
LIRJUYYAWQ2 #REF! XXXXXXX     Original CLTV Ratio Percent XX% XX% XX% XX%
LIRJUYYAWQ2 #REF! XXXXXXX     Original Standard LTV (OLTV) XX% XX% XX% XX%
LIRJUYYAWQ2 #REF! XXXXXXX     Purpose of Transaction per HUD-1 XXXXXXXXXXX XXXXXXXXXXX    
1WEJYVVRE4B 22NQM2 - 414 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
1WEJYVVRE4B 22NQM2 - 414 XXXXXXX     Subject Property Type Single Family 1 Unit    
3K4KKPMVU3W 22NQM2 - 416 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
3K4KKPMVU3W 22NQM2 - 416 XXXXXXX     Subject Property Type 2 Family Single Family    
FRYCLNBFRBB 22NQM2 - 417 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
2WURQS4YD44 22NQM2 - 418 XXXXXXX     Subject Property Type Single Family 1 Unit    
AQQZS2E11GX #REF! XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
AQQZS2E11GX #REF! XXXXXXX     Subject Property Type 2 Family Single Family    
BYULOQ32FBF 22NQM2 - 420 XXXXXXX     Subject Property Type Single Family 1 Unit    
KGH3IDG3PKR 22NQM2 - 421 XXXXXXX     Property Address Street XXXXXXXXXXX XXXXXXXXXXX    
KGH3IDG3PKR 22NQM2 - 421 XXXXXXX     Subject Property Type 2 Family 2 Units    
CRYMFHSDUGL 22NQM2 - 422 XXXXXXX     Borrower Last Name XXXXXXXXXXX XXXXXXXXXXX    
CRYMFHSDUGL 22NQM2 - 422 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
CRYMFHSDUGL 22NQM2 - 422 XXXXXXX     Subject Property Type PUD Single Family    
01NJH1IKN1O 22NQM2 - 423 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
01NJH1IKN1O 22NQM2 - 423 XXXXXXX     Property Address Street XXXXXXXXXXX XXXXXXXXXXX    
01NJH1IKN1O 22NQM2 - 423 XXXXXXX     Subject Property Type Single Family 1 Unit    
5FI2XQCFAUY 22NQM2 - 424 XXXXXXX     Property Address Street XXXXXXXXXXX XXXXXXXXXXX    
5FI2XQCFAUY 22NQM2 - 424 XXXXXXX     Subject Property Type Single Family 1 Unit    
LQVSXNBMFVF 22NQM2 - 425 XXXXXXX     Borrower First Name XXXXXXXXXXX XXXXXXXXXXX    
LQVSXNBMFVF 22NQM2 - 425 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
LQVSXNBMFVF 22NQM2 - 425 XXXXXXX     Subject Property Type Single Family 1 Unit    
LEBYH2G1XYX 22NQM2 - 426 XXXXXXX     Occupancy at Origination (Property Usage Type) Primary [1] Investor [3]    
3IM1W1X2TTL 22NQM2 - 427 XXXXXXX     Subject Property Type Single Family 1 Unit    
1O0NVR3YTJT 22NQM2 - 428 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
2LTWGLEID2P 22NQM2 - 429 XXXXXXX     Borrower First Name Not Applicable XXXXXXXXXXX    
2LTWGLEID2P 22NQM2 - 429 XXXXXXX     Borrower Last Name Not Applicable XXXXXXXXXXX    
2LTWGLEID2P 22NQM2 - 429 XXXXXXX     Subject Property Type Single Family 1 Unit    
K05RRC3Y1CH 22NQM2 - 430 XXXXXXX     Subject Property Type Single Family 1 Unit    
IXOYDDCRST4 22NQM2 - 431 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
IXOYDDCRST4 22NQM2 - 431 XXXXXXX     Subject Property Type Single Family 1 Unit    
K2OIJTDDIRY 22NQM2 - 433 XXXXXXX     Purpose of Transaction per HUD-1 XXXXXXXXXXX XXXXXXXXXXX    
K2OIJTDDIRY 22NQM2 - 433 XXXXXXX     Subject Property Type Single Family 1 Unit    
G4KFXVVUKCT 22NQM2 - 434 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
G4KFXVVUKCT 22NQM2 - 434 XXXXXXX     Subject Property Type Low Rise Condo (1-4 Stories) Condominium    
TC5JSYTYI1J 22NQM2 - 435 XXXXXXX     Subject Property Type Single Family 1 Unit    
5BAHGZE5S1E 22NQM2 - 436 XXXXXXX     Subject Property Type Single Family 1 Unit    
BON5OLQ03PI 22NQM2 - 437 XXXXXXX     Borrower Last Name XXXXXXXXXXX XXXXXXXXXXX    
BON5OLQ03PI 22NQM2 - 437 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
BON5OLQ03PI 22NQM2 - 437 XXXXXXX     Subject Property Type Single Family 1 Unit    
JJRF1OSABKD 22NQM2 - 438 XXXXXXX     Subject Property Type 2 Family 2 Units    
2EFSFIOYAYF 22NQM2 - 439 XXXXXXX     Subject Property Type PUD Single Family    
RYJBHE5AAMO 22NQM2 - 440 XXXXXXX     Subject Property Type Single Family 1 Unit    
JYGILQRHAP5 22NQM2 - 441 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
JYGILQRHAP5 22NQM2 - 441 XXXXXXX     Subject Property Type Single Family 1 Unit    
TNRYE1B3Q1C 22NQM2 - 442 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
YRSTLUAAZHT 22NQM2 - 443 XXXXXXX     Subject Property Type Low Rise Condo (1-4 Stories) Condo    
DI534D3LXB0 22NQM2 - 445 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
JKU5C102R55 22NQM2 - 446 XXXXXXX     Borrower First Name XXXXXXXXXXX XXXXXXXXXXX    
JKU5C102R55 22NQM2 - 446 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
JKU5C102R55 22NQM2 - 446 XXXXXXX     Subject Property Type 4 Family 4 Units    
Q3OLLYKQHC1 22NQM2 - 447 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
VJHNGKU0W11 22NQM2 - 448 XXXXXXX     Original CLTV Ratio Percent XX% XX% XX% XX%
VJHNGKU0W11 22NQM2 - 448 XXXXXXX     Original Stated Rate XX% XX% XX% XX%
NT5X5UMPKBO 22NQM2 - 449 XXXXXXX     Borrower Last Name XXXXXXXXXXX XXXXXXXXXXX    
NT5X5UMPKBO 22NQM2 - 449 XXXXXXX     Subject Property Type Single Family 1 Unit    
IZGPKU5QX1D 22NQM2 - 451 XXXXXXX     Subject Property Type 4 Family 4 Units    
GE4O14TCM2F 22NQM2 - 452 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
GE4O14TCM2F 22NQM2 - 452 XXXXXXX     Property Address Street XXXXXXXXXXX XXXXXXXXXXX    
HKIAEF2JLC1 22NQM2 - 455 XXXXXXX     Borrower First Name Not Applicable XXXXXXXXXXX    
HKIAEF2JLC1 22NQM2 - 455 XXXXXXX     Borrower Last Name Not Applicable XXXXXXXXXXX    
HKIAEF2JLC1 22NQM2 - 455 XXXXXXX     Subject Property Type High Rise Condo (>=9 Stories) Condo    
GXQNGJ4QLLC 22NQM2 - 457 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
0EPPSAB33TC 22NQM2 - 458 XXXXXXX     Subject Property Type 3 Family 3 Units    
ZC35YCRQTSP 22NQM2 - 459 XXXXXXX     Borrower Last Name XXXXXXXXXXX XXXXXXXXXXX    
ZC35YCRQTSP 22NQM2 - 459 XXXXXXX     Original Note Doc Date XX/XX/XXXX 9/23/2021 XX%  
ZC35YCRQTSP 22NQM2 - 459 XXXXXXX     Subject Property Type PUD Single Family    
57530957 22NQM2 - 460 XXXXXXX     Original Note Doc Date XX/XX/XXXX XX/XX/XXXX XX%  
57530957 22NQM2 - 460 XXXXXXX     Property Address Street XXXXXXXXXXX XXXXXXXXXXX    
57530957 22NQM2 - 460 XXXXXXX     Subject Property Type Single Family 44434    
4095623 22NQM2 - 461 XXXXXXX     Subject Property Type Single Family 1 Unit    
VD4IUIJMPCZ 22NQM2 - 463 XXXXXXX     Subject Property Type Single Family 1 Unit    

 

   

Supplemental Data

Run Date - 5/6/2022    

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 TILA Status Application Date TRID HOEPA Fees TILA Fees Rate Lock Date Calculated APR Qualifying Rate Borrower Employment Indicator Co Borrower Employment Indicator B1 Citizenship Type B2 Citizenship Type Residual Income HOA Name Fee Amount QM DTI Asset Depletion Flag Bank Statements Flag Months of Bank Statements Type of Bank Statements Expense Ratio (Bank Statements) Profit and Loss Flag Profit And Loss Statement Type Income Doc Detail Document Level Most Recent Bankruptcy Type Most Recent Bankruptcy Filing Date Most Recent Bankruptcy Discharge Date Number of Bankruptcy Events Most Recent Deed in Lieu Date Months Deed in Lieu Most Recent Short Sale Date Months Short Sale (or Pre FC) Most Recent Foreclosure Date Months Foreclosure Mortgage & Rental History 1x30 Mortgage & Rental History 1x60 Mortgage & Rental History 1x90 Guideline Name ATR QM Total Points and Fees Audit Loan Regulation Benchmark Date Benchmark Rate HUD 1 Page 1 Credits Total Collateral Underwriter Risk Score Is Equity Shared Loan Investor Qualifying Rate Years of W2s Years of Personal Tax Returns Years of Business Tax Returns Years of 45X6T Years of Tax Transcripts DSCR Qualifying P&I B3 Citizenship Type B4 Citizenship Type Property Type Number of Units
01NJH1IKN1O 22NQM2 - 423 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
0EPPSAB33TC 22NQM2 - 458 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     3 Family 3
1O0NVR3YTJT 22NQM2 - 428 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
1WEJYVVRE4B 22NQM2 - 414 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
2EFSFIOYAYF 22NQM2 - 439 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
2LTWGLEID2P 22NQM2 - 429 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
2WURQS4YD44 22NQM2 - 418 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
3IM1W1X2TTL 22NQM2 - 427 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
3K4KKPMVU3W 22NQM2 - 416 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     2 Family 2
4095623 22NQM2 - 461 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
57530957 22NQM2 - 460 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX XXXXXX $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
5BAHGZE5S1E 22NQM2 - 436 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
5FI2XQCFAUY 22NQM2 - 424 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
AQQZS2E11GX 22NQM2 - 419 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     2 Family 2
B3WWC4MQIVQ 22NQM2 - 450 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
BON5OLQ03PI 22NQM2 - 437 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
BYULOQ32FBF 22NQM2 - 420 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
CRYMFHSDUGL 22NQM2 - 422 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 6 XXXXX   XXXX XXXX XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
DI534D3LXB0 22NQM2 - 445 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
FRYCLNBFRBB 22NQM2 - 417 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
G4KFXVVUKCT 22NQM2 - 434 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Low Rise Condo  (1-4 Stories) 1
GE4O14TCM2F 22NQM2 - 452 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
GXQNGJ4QLLC 22NQM2 - 457 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
HKIAEF2JLC1 22NQM2 - 455 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX XXXXXX\ $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     High Rise Condo (>=9 Stories) 1
I3TOSXQSHYM 22NQM2 - 444 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
IXOYDDCRST4 22NQM2 - 431 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
IZGPKU5QX1D 22NQM2 - 451 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     4 Family 4
JJRF1OSABKD 22NQM2 - 438 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     2 Family 2
JKU5C102R55 22NQM2 - 446 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     4 Family 4
JYGILQRHAP5 22NQM2 - 441 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
K05RRC3Y1CH 22NQM2 - 430 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
K255TMQ140A 22NQM2 - 462 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
K2OIJTDDIRY 22NQM2 - 433 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
KGH3IDG3PKR 22NQM2 - 421 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     2 Family 2
LEBYH2G1XYX 22NQM2 - 426 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
LIRJUYYAWQ2 22NQM2 - 413 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                           XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
LQVSXNBMFVF 22NQM2 - 425 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
NT5X5UMPKBO 22NQM2 - 449 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
PSRBV5TNORH 22NQM2 - 432 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX XXXXXX   PUD 1
Q3OLLYKQHC1 22NQM2 - 447 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
RYJBHE5AAMO 22NQM2 - 440 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
TC5JSYTYI1J 22NQM2 - 435 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
TNRYE1B3Q1C 22NQM2 - 442 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
VD4IUIJMPCZ 22NQM2 - 463 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
VJHNGKU0W11 22NQM2 - 448 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Single Family 1
VNQQ1H22YHT 22NQM2 - 454 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
WPORF50VYKY 22NQM2 - 415 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX XXXXXXX $XXX   XXXXX No   XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
YRSTLUAAZHT 22NQM2 - 443 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     Low Rise Condo  (1-4 Stories) 1
Z00YE43DE33 22NQM2 - 456 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
ZC35YCRQTSP 22NQM2 - 459 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX                     XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1
ZDF5SB3KGJB 22NQM2 - 453 XXXXXXXX     Non-QM/Compliant XX/XX/XXXX XXX XXXX XXXX XX/XX/XXXX XX% XX% XXXXXXX XXXXXXX XXXX XXXX $XXX   $XXX   XXXXX Yes 12 XXXXX   XXXX   XXXXX XXXXX Chapter 7   11/23/2009               XXXX XXXX XXXX XXXXXX $XXX XX/XX/XXXX   $XXX XXX XXX XX% X X X X X XX% $XXX     PUD 1

 

   

QM-ATR

Run Date - 5/2/2022    

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Pool Borrower Last Name Borrower First Name Coborrower Last Name Coborrower First Name Property Address Property City State Zip Code TILA Status QM Status Application Date GSE Eligible Points and Fees (Reg Z) Rate Lock Date APR Employment Indicator (Borrower) Employment Indicator (Coborrower) Citizenship Status (Borrower) Citizenship Status (Coborrower) Residual Income
01NJH1IKN1O 22NQM2 - 423 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
0EPPSAB33TC 22NQM2 - 458 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
1O0NVR3YTJT 22NQM2 - 428 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
1WEJYVVRE4B 22NQM2 - 414 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
2EFSFIOYAYF 22NQM2 - 439 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
2LTWGLEID2P 22NQM2 - 429 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
2WURQS4YD44 22NQM2 - 418 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
3IM1W1X2TTL 22NQM2 - 427 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
3K4KKPMVU3W 22NQM2 - 416 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
4095623 22NQM2 - 461 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
57530957 22NQM2 - 460 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
5BAHGZE5S1E 22NQM2 - 436 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
5FI2XQCFAUY 22NQM2 - 424 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
AQQZS2E11GX 22NQM2 - 419 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
B3WWC4MQIVQ 22NQM2 - 450 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
BON5OLQ03PI 22NQM2 - 437 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
BYULOQ32FBF 22NQM2 - 420 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
CRYMFHSDUGL 22NQM2 - 422 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
DI534D3LXB0 22NQM2 - 445 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
FRYCLNBFRBB 22NQM2 - 417 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Non-Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
G4KFXVVUKCT 22NQM2 - 434 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
GE4O14TCM2F 22NQM2 - 452 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
GXQNGJ4QLLC 22NQM2 - 457 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
HKIAEF2JLC1 22NQM2 - 455 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
I3TOSXQSHYM 22NQM2 - 444 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
IXOYDDCRST4 22NQM2 - 431 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
IZGPKU5QX1D 22NQM2 - 451 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
JJRF1OSABKD 22NQM2 - 438 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
JKU5C102R55 22NQM2 - 446 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
JYGILQRHAP5 22NQM2 - 441 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
K05RRC3Y1CH 22NQM2 - 430 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
K255TMQ140A 22NQM2 - 462 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
K2OIJTDDIRY 22NQM2 - 433 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
KGH3IDG3PKR 22NQM2 - 421 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
LEBYH2G1XYX 22NQM2 - 426 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
LIRJUYYAWQ2 22NQM2 - 413 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
LQVSXNBMFVF 22NQM2 - 425 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
NT5X5UMPKBO 22NQM2 - 449 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
PSRBV5TNORH 22NQM2 - 432 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
Q3OLLYKQHC1 22NQM2 - 447 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
RYJBHE5AAMO 22NQM2 - 440 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
TC5JSYTYI1J 22NQM2 - 435 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
TNRYE1B3Q1C 22NQM2 - 442 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
VD4IUIJMPCZ 22NQM2 - 463 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
VJHNGKU0W11 22NQM2 - 448 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
VNQQ1H22YHT 22NQM2 - 454 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
WPORF50VYKY 22NQM2 - 415 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
YRSTLUAAZHT 22NQM2 - 443 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
Z00YE43DE33 22NQM2 - 456 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
ZC35YCRQTSP 22NQM2 - 459 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX
ZDF5SB3KGJB 22NQM2 - 453 XXXXX     BRAVO 2022-NQM2 XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Non-QM/Compliant Non-QM/Compliant XX/XX/XXXX XX $XXX XX/XX/XXXX XX% XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX $XXX

 

   

ASF Addendum - Business Purpose

Run Date - 5/6/2022                              

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Seller Name Originator Name Guideline Author Guideline Name Guideline Date Executed NOO Docs in File Lease In Place Flag Actual In Place Rent Third Party Market Rent Estimate Third Party Rent Source Rental Source for Property DTI Calculation DSCR PITIA Lease End Date Original Lease Term Rent Loss Insurance Rent Loss Insurance Amount HOA Flag HOA Monthly Premium Amount Monthly Property Tax Monthly Insurance Cost Cross Collateralized Flag Number of Mortgaged Properties Number of Properties Foreign National Alternative Credit Documentation Foreign National Guarantor 1 Foreign National Guarantor 2 Investor Type Number of Years Property Owned Borrower Residency Status Co Borrower Residency Status Qualifying Credit Score Months Bankruptcy 7 11 Months Short Sale or Pre FC Prior Mtg Rent Late 30d in 12m Prior Mtg Rent Late 60d in 12m Prior Mtg Rent Late 90d in 12m Prior Mtg Rent Late 30d in 24m Prior Mtg Rent Late 60d in 24m Prior Mtg Rent Late 90d in 24m Section 8 Street Address Borrower 1 Type Borrower 1 Designation Borrower 1 First Name Borrower 1 Last Name Borrower 2 Type Borrower 2 First Name Borrower 2 Last Name Borrower 2 Self Employment Flag Borrower 3 First Name Borrower 3 Last Name Borrower 3 Residency Status Borrower 3 Self Employment Flag Borrower 3 OriginalFICO:Equifax Borrower 3 OriginalFICO:Experian Borrower 3 OriginalFICO:TransUnion Borrower 4 First Name Borrower 4 Last Name Borrower 4 Residency Status Borrower 4 Self Employment Flag Borrower 4 OriginalFICO:Equifax Borrower 4 OriginalFICO:Experian Borrower 4 OriginalFICO:TransUnion Personal Guarantee Guarantor 1 First Name Guarantor 1 Last Name Guarantor 1 Citizenship Guarantor 1 Experian FICO Guarantor 1 Equifax FICO Guarantor 1 Trans Union FICO Guarantor 2 First Name Guarantor 2 Last Name Guarantor 2 Citizenship Guarantor 2 Experian FICO Guarantor 2 Equifax FICO Guarantor 2 Trans Union FICO Borrower 1 Employment Status Borrower 2 Employment Status Loan Application Date Sales Contract Date Qualifying Home Value for LTV Number of Units Year Built Total Sq Ft Number of Bedrooms Number of Bathrooms Property Condition Acquisition Cost Renovation Cost Effective Gross Income
01NJH1IKN1O 22NQM2 - 423 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/19/2021   $XXXX 1 XXXX XXXX 3 2 XXX $XXX $XXX $XXX
0EPPSAB33TC 22NQM2 - 458 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 3 XXXX XXXX 6 3 XXX $XXX $XXX $XXX
1O0NVR3YTJT 22NQM2 - 428 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/27/2021   $XXXX 1 XXXX XXXX 3 2.1 XXX $XXX $XXX $XXX
1WEJYVVRE4B 22NQM2 - 414 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 05/14/2021   $XXXX 1 XXXX XXXX 3 2 XXX $XXX $XXX $XXX
2EFSFIOYAYF 22NQM2 - 439 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 2.1 XXX $XXX $XXX $XXX
2LTWGLEID2P 22NQM2 - 429 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX XXX     XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                         XXX XXX XXX XXX XXX XXX XXX             XXXXX XXXXX 07/29/2021   $XXXX 1 XXXX XXXX 5 6 XXX $XXX $XXX $XXX
2WURQS4YD44 22NQM2 - 418 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 06/28/2021   $XXXX 1 XXXX XXXX 4 2 XXX $XXX $XXX $XXX
3IM1W1X2TTL 22NQM2 - 427 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/26/2021   $XXXX 1 XXXX XXXX 3 2.1 XXX $XXX $XXX $XXX
3K4KKPMVU3W 22NQM2 - 416 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 06/15/2021   $XXXX 2 XXXX XXXX 3 2 XXX $XXX $XXX $XXX
4095623 22NQM2 - 461 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 2 1 XXX $XXX $XXX $XXX
57530957 22NQM2 - 460 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 5 3.1 XXX $XXX $XXX $XXX
5BAHGZE5S1E 22NQM2 - 436 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 2 1 XXX $XXX $XXX $XXX
5FI2XQCFAUY 22NQM2 - 424 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/19/2021   $XXXX 1 XXXX XXXX 3 2 XXX $XXX $XXX $XXX
AQQZS2E11GX 22NQM2 - 419 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 06/25/2021   $XXXX 2 XXXX XXXX 6 4 XXX $XXX $XXX $XXX
B3WWC4MQIVQ 22NQM2 - 450 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 3 XXX $XXX $XXX $XXX
BON5OLQ03PI 22NQM2 - 437 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 2 XXX $XXX $XXX $XXX
BYULOQ32FBF 22NQM2 - 420 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/07/2021   $XXXX 1 XXXX XXXX 3 3 XXX $XXX $XXX $XXX
CRYMFHSDUGL 22NQM2 - 422 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/14/2021   $XXXX 1 XXXX XXXX 4 4.1 XXX $XXX $XXX $XXX
DI534D3LXB0 22NQM2 - 445 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2.2 XXX $XXX $XXX $XXX
FRYCLNBFRBB 22NQM2 - 417 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 06/22/2021   $XXXX 1 XXXX XXXX 5 3.1 XXX $XXX $XXX $XXX
G4KFXVVUKCT 22NQM2 - 434 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 3.2 XXX $XXX $XXX $XXX
GE4O14TCM2F 22NQM2 - 452 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 2 XXX $XXX $XXX $XXX
GXQNGJ4QLLC 22NQM2 - 457 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 2 1 XXX $XXX $XXX $XXX
HKIAEF2JLC1 22NQM2 - 455 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX XXX     XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                         XXX XXX XXX XXX XXX XXX XXX             XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2.1 XXX $XXX $XXX $XXX
I3TOSXQSHYM 22NQM2 - 444 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2.1 XXX $XXX $XXX $XXX
IXOYDDCRST4 22NQM2 - 431 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/30/2021   $XXXX 1 XXXX XXXX 4 2.1 XXX $XXX $XXX $XXX
IZGPKU5QX1D 22NQM2 - 451 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 4 XXXX XXXX 5 4 XXX $XXX $XXX $XXX
JJRF1OSABKD 22NQM2 - 438 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 2 XXXX XXXX 4 2 XXX $XXX $XXX $XXX
JKU5C102R55 22NQM2 - 446 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 4 XXXX XXXX 8 5 XXX $XXX $XXX $XXX
JYGILQRHAP5 22NQM2 - 441 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 1 XXX $XXX $XXX $XXX
K05RRC3Y1CH 22NQM2 - 430 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/30/2021   $XXXX 1 XXXX XXXX 4 3.1 XXX $XXX $XXX $XXX
K255TMQ140A 22NQM2 - 462 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 6 4.1 XXX $XXX $XXX $XXX
K2OIJTDDIRY 22NQM2 - 433 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2 XXX $XXX $XXX $XXX
KGH3IDG3PKR 22NQM2 - 421 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 08/19/2021   $XXXX 2 XXXX XXXX 6 4 XXX $XXX $XXX $XXX
LEBYH2G1XYX 22NQM2 - 426 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/23/2021   $XXXX 1 XXXX XXXX 3 2 XXX $XXX $XXX $XXX
LIRJUYYAWQ2 22NQM2 - 413 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 04/30/2021   $XXXX 1 XXXX XXXX 2 1 XXX $XXX $XXX $XXX
LQVSXNBMFVF 22NQM2 - 425 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 07/23/2021   $XXXX 1 XXXX XXXX 6 4 XXX $XXX $XXX $XXX
NT5X5UMPKBO 22NQM2 - 449 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 2.1 XXX $XXX $XXX $XXX
PSRBV5TNORH 22NQM2 - 432 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXX     XXX XXXX                                         XXXXX XXXXX 08/02/2021   $XXXX 1 XXXX XXXX 3 4.2 XXX $XXX $XXX $XXX
Q3OLLYKQHC1 22NQM2 - 447 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 3 XXX $XXX $XXX $XXX
RYJBHE5AAMO 22NQM2 - 440 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2.1 XXX $XXX $XXX $XXX
TC5JSYTYI1J 22NQM2 - 435 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 2 2.1 XXX $XXX $XXX $XXX
TNRYE1B3Q1C 22NQM2 - 442 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2.1 XXX $XXX $XXX $XXX
VD4IUIJMPCZ 22NQM2 - 463 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2 XXX $XXX $XXX $XXX
VJHNGKU0W11 22NQM2 - 448 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 5 2.1 XXX $XXX $XXX $XXX
VNQQ1H22YHT 22NQM2 - 454 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 3 XXX $XXX $XXX $XXX
WPORF50VYKY 22NQM2 - 415 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX Yes XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX 09/13/2021   $XXXX 1 XXXX XXXX 4 2.1 XXX $XXX $XXX $XXX
YRSTLUAAZHT 22NQM2 - 443 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 2 2 XXX $XXX $XXX $XXX
Z00YE43DE33 22NQM2 - 456 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 4 3 XXX $XXX $XXX $XXX
ZC35YCRQTSP 22NQM2 - 459 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 3 2.1 XXX $XXX $XXX $XXX
ZDF5SB3KGJB 22NQM2 - 453 XXXXX       XXXXXX XXXXX XXXXXXXXXX XX/XX/XXXX   XXXX $XXX $XXX XXXXXX XXXXXX XX% $XXX XX/XX/XXXX XXX XXX $XXX XXX $XXX $XXX $XXX   XXX XXX XXX       XXX XXXXX XXXXX XXX     X X X X X X XX XXXXXXXXXX XXXXXX   XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX                                                   XXXXX XXXXX XX/XX/XXXX   $XXXX 1 XXXX XXXX 5 3 XXX $XXX $XXX $XXX
                                                                  XXX XXXXX XXXXX XXX     X X X X X X                                                                           XXXXX XXXXX                        

 

   

Rating Agency Grading

Run Date - 5/12/2022      

 

LOAN INFORMATION INITIAL CREDIT LOAN GRADES INITIAL PROPERTY LOAN GRADES INITIAL COMPLIANCE LOAN GRADES INITIAL OVERALL LOAN GRADES FINAL CREDIT LOAN GRADES FINAL PROPERTY LOAN GRADES FINAL COMPLIANCE LOAN GRADES FINAL OVERALL LOAN GRADES
Recovco Loan ID Redacted ID Loan #1 Loan #2 Loan #3 Original Loan Amount DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P  
TW3LPHY2DYT 22NQM2 - 567 XXXXXXX     XXXXXXX A A A A A A A A A A N/A N/A N/A N/A N/A A A A A A A A A A A A B A A A N/A N/A N/A N/A N/A A B A A A  
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     XXXXXXX A A A A A D D D D D N/A N/A N/A N/A N/A D D D D D A A A A A A B A A A N/A N/A N/A N/A N/A A B A A A  
BJA4FGLXVGG 22NQM2 - 569 XXXXXXX     XXXXXXX D D D D D D D D D D N/A N/A N/A N/A N/A D D D D D A A A A A A B A A A N/A N/A N/A N/A N/A A B A A A  
P0RF4SEG4WB 22NQM2 - 570 XXXXXXX     XXXXXXX A A A A A D D D D D N/A N/A N/A N/A N/A D D D D D A A A A A A B A A A N/A N/A N/A N/A N/A A B A A A  
JL10GGJ2WXC 22NQM2 - 571 XXXXXXX     XXXXXXX A A A A A D D D D D N/A N/A N/A N/A N/A D D D D D A A A A A A B A A A N/A N/A N/A N/A N/A A B A A A  

 

   

Loan Level Exceptions

Run Date - 5/12/2022                          

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Project Name Initial Overall Grade Final Overall Grade Initial Credit Initial Value Initial Compliance Final Credit Final Value Final Compliance Material Exceptions Non-Material Exceptions Resolved Exceptions Acknowledged Exceptions
TW3LPHY2DYT 22NQM2 - 567 XXXXXXX     XXXXXXX 1 1 1 1 1 1 1 1        
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     XXXXXXX 3 1 1 3 1 1 1 1     *** (CURED) Appraisal not dated - EV R
COMMENT:   The Desktop Appraisal and BPO were missing.

*** (CURED) Value used by lender not supported - EV R
COMMENT:   The loan file is missing a secondary valuation from an approved vendor to support the origination value.

*** (CURED) Missing Appraisal - EV R
COMMENT:   The Desktop Appraisal and BPO were missing.

*** (CURED) Missing credit report - EV R
COMMENT:   The credit report was missing.

*** (CURED) Missing flood cert - EV R
COMMENT:   Flood Certificate was missing.

*** (CURED) Missing Title evidence - EV R
COMMENT:   The title insurance was missing.

*** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   The Desktop Appraisal and BPO were missing.

*** (CURED) VOM or VOR missing/required - EV R
COMMENT:   VOM for the loan paid by the subject closing XXXX mortgage was missing (Page 59).
 
BJA4FGLXVGG 22NQM2 - 569 XXXXXXX     XXXXXXX 3 1 3 3 1 1 1 1     *** (CURED) Hazard Insurance - EV R
COMMENT:   Missing evidence the outstanding homeowner’s insurance invoice was paid (Page 81).

*** (CURED) Value used by lender not supported - EV R
COMMENT:   The loan file is missing a secondary valuation from an approved vendor to support the origination value.


*** (CURED) Mortgage missing / unexecuted - EV R
COMMENT:   Missing the Mortgage/Security Agreement.

*** (CURED) Note is missing or unexecuted - EV R
COMMENT:   Missing the Note.
 
P0RF4SEG4WB 22NQM2 - 570 XXXXXXX     XXXXXXX 3 1 1 3 1 1 1 1     *** (CURED) Value used by lender not supported - EV R
COMMENT:   The loan file is missing a secondary valuation from an approved vendor to support the origination value.
 
JL10GGJ2WXC 22NQM2 - 571 XXXXXXX     XXXXXXX 3 1 1 3 1 1 1 1     *** (CURED) Value used by lender not supported - EV R
COMMENT:   The loan file is missing a secondary valuation from an approved vendor to support the origination value.
 

 

   

Exception Level

Run Date - 5/12/2022                      

 

Recovco Loan ID   Loan # 1 Loan # 2 Loan # 3 Exception Category Exception Sub-Category Exception Status Exception Grade Loan Exception ID Exception Exception Detail Exception Information Compensating Factors Seller Comments Reviewer Comments Exception Remediation
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Credit Credit Resolved Resolved P2QBQ0X0QJR-U1LRMV3I Missing credit report * Missing credit report (Lvl R) The credit report was missing.   1/10/2021 (MO) Uploaded missing documents 1/13/2021: Cleared 1/13/2021: Cleared
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Credit Credit Resolved Resolved P2QBQ0X0QJR-96LOWOEG Subject or Comp Photos are missing or illegible * Subject or Comp Photos are missing or illegible (Lvl R) The Desktop Appraisal and BPO were missing.   1/10/2021 (MO) Uploaded missing documents 1/13/2021: Cleared 1/13/2021: Cleared
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Credit Credit Resolved Resolved P2QBQ0X0QJR-4M12HOPC Appraisal not dated * Appraisal not dated (Lvl R) The Desktop Appraisal and BPO were missing.   2/24/2022 Post fund AVM supports value. 2/24/2022 Exception resolved. 2/24/2022 Exception resolved.
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Credit Credit Resolved Resolved P2QBQ0X0QJR-UMCXIDRC Missing Title evidence * Missing Title evidence (Lvl R) The title insurance was missing.   1/10/2021 (MO) Uploaded missing documents 1/13/2021: Cleared 1/13/2021: Cleared
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Credit Credit Resolved Resolved P2QBQ0X0QJR-SWGGJEY3 Missing flood cert * Missing flood cert (Lvl R) Flood Certificate was missing.   1/10/2021 (MO) Uploaded missing documents 1/13/2021: Cleared 1/13/2021: Cleared
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Credit Credit Resolved Resolved P2QBQ0X0QJR-212UC3YR Missing Appraisal * Missing Appraisal (Lvl R) The Desktop Appraisal and BPO were missing.   1/10/2021 (MO) Uploaded missing documents 1/13/2021: Cleared 1/13/2021: Cleared
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Credit Credit Resolved Resolved P2QBQ0X0QJR-084LDYCE VOM or VOR missing/required * VOM or VOR missing/required (Lvl R) VOM for the loan paid by the subject closing XXXX mortgage was missing (Page 59).   1/10/2021 (MO) Uploaded missing documents 1/13/2021: Cleared 1/13/2021: Cleared
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     Valuation Value Resolved Resolved P2QBQ0X0QJR-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl 3) Missing Third Party Valuation Product to support the DeskTop Appraisal within 10% variance. AVM received does not have an acceptable Confidence Score of 90+   Received ProTeck Desk Review, initial value supported within 10% Variance.  Finding Resolved Finding Resolved
BJA4FGLXVGG 22NQM2 - 569 XXXXXXX     Credit Credit Resolved Resolved BJA4FGLXVGG-11COLQ63 Note is missing or unexecuted * Note is missing or unexecuted (Lvl R) Missing the Note.   1/15/2021 (MB) Uploaded 1/20/2021: Cleared 1/20/2021: Cleared
BJA4FGLXVGG 22NQM2 - 569 XXXXXXX     Credit Credit Resolved Resolved BJA4FGLXVGG-EXSOIS8W Mortgage missing / unexecuted * Mortgage missing / unexecuted (Lvl R) Missing the Mortgage/Security Agreement.   1/15/2021 (MB) Uploaded 1/20/2021: Cleared 1/20/2021: Cleared
BJA4FGLXVGG 22NQM2 - 569 XXXXXXX     Credit Insurance Resolved Resolved BJA4FGLXVGG-7V8G8MVK HOI * Hazard Insurance (Lvl R) Missing evidence the outstanding homeowner’s insurance invoice was paid (Page 81).   1/21/2021 (MB) All documents uploaded. Maegan uploaded 1/19/2021 1/25/2020: Cleared

1/22/2021: Not cleared. The seller did not provide documentation addressing the insurance finding. The seller uploaded the mortgage and note on 1/19/2021.
1/25/2020: Cleared

1/22/2021: Not cleared. The seller did not provide documentation addressing the insurance finding. The seller uploaded the mortgage and note on 1/19/2021.
BJA4FGLXVGG 22NQM2 - 569 XXXXXXX     Valuation Value Resolved Resolved BJA4FGLXVGG-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl 3) The loan file is missing a secondary value from an approved vendor that supports the origination value.   Received ProTeck Desk Review, initial value supported within 10% Variance.  Finding Resolved Finding Resolved
P0RF4SEG4WB 22NQM2 - 570 XXXXXXX     Valuation Value Resolved Resolved P0RF4SEG4WB-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl 3) The loan file is missing a secondary valuation from an approved vendor to support the origination value.   Received ProTeck Desk Review, initial value supported within 10% Variance.  Finding Resolved Finding Resolved
JL10GGJ2WXC 22NQM2 - 571 XXXXXXX     Valuation Value Resolved Resolved JL10GGJ2WXC-BRMDUXYB Value used by lender not supported * Value used by lender not supported (Lvl 3) The loan file is missing a secondary value from an approved vendor that supports the origination value.   Received ProTeck Desk Review, initial value supported within 10% Variance.  Finding Resolved Finding Resolved

 

   

Valuation Report

Run Date - 5/12/2022                              

 

ORIGINATION DATA POST-ORIGINATION VALUES
LOAN INFORMATION APPRAISAL VALUES AVM VALUES DESK REVIEW VALUES BPO VALUES FIELD REVIEW VALUES 2055 VALUES RECONCILIATION VALUES UPDATED VALUES APPRAISAL VALUES AVM VALUES DESK REVIEW VALUES BPO VALUES FIELD REVIEW VALUES 2055 VALUES RECONCILIATION VALUES
Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Pool Collateral Underwriter Risk Score Note Date Original Loan Amount Sales Price Final Value Used by Lender Appraised Value Appraisal Form Type Appraisal Date Second Appraisal Value Variance Amount Variance Percent Second Appraisal Date Second Appraisal Type Appraised Value Variance Amount Variance Percent Company Confidence Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Risk Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Form Type Appraised Value Variance Amount Variance Percent Form Type Company Appraisal Date Appraised Value Appraisal Form Type Appraisal Date Second Appraisal Value Variance Amount Variance Percent Appraised Value Variance Amount Variance Percent Company Confidence Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Form Type
TW3LPHY2DYT 22NQM2 - 567 XXXXXXX     XXXXXXX   XX/XX/XXXX $XXX   $XXX $XXX 1025 2-4 Family Property XX/XX/XXXX $XXX $XXX 4.36% XX/XX/XXXX Desk Review $XXX $XXX 0.97% RedBell AVE   XX/XX/XXXX                                                       $XXX $0.00 0.00% Desk Review [9] XXXXXXX XX/XX/XXXX                         $XXX $XXX 0.00% XXXXX XX/XX/XXXX                                          
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXX     XXXXXXX   XX/XX/XXXX $XXX   $XXX $XXX Desk Review XX/XX/XXXX                                                                             $XXX $0.00 0.00% Desk Review [9] XXXXXXX XX/XX/XXXX             $XXX     XXXXX 83.000% XX/XX/XXXX $XXX $XXX 0.00% XXXXX XX/XX/XXXX                                          
BJA4FGLXVGG 22NQM2 - 569 XXXXXXX     XXXXXXX   XX/XX/XXXX $XXX   $XXX $XXX Desk Review XX/XX/XXXX           $XXX $XXX -9.75% RedBell AVE   XX/XX/XXXX                                                       $XXX $0.00 0.00% Desk Review [9] XXXXXXX XX/XX/XXXX                         $XXX $XXX 0.00% XXXXX XX/XX/XXXX                                          
P0RF4SEG4WB 22NQM2 - 570 XXXXXXX     XXXXXXX   XX/XX/XXXX $XXX   $XXX $XXX Desk Review XX/XX/XXXX           $XXX $XXX 2.20% RedBell AVE   XX/XX/XXXX                                                       $XXX $0.00 0.00% Desk Review [9] XXXXXXX XX/XX/XXXX                         $XXX $XXX 0.00% XXXXX XX/XX/XXXX                                          
JL10GGJ2WXC 22NQM2 - 571 XXXXXXX     XXXXXXX   XX/XX/XXXX $XXX $XXX $XXX $XXX Desk Review XX/XX/XXXX           $XXX $XXX 15.41% RedBell-AVE   XX/XX/XXXX                                                       $XXX $0.00 0.00% Desk Review [9] XXXXXXX XX/XX/XXXX                         $XXX $XXX 0.00% XXXXX XX/XX/XXXX                                          

 

   

Data Comparison

Run Date - 5/12/2022        

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Field Loan Value Tape Value Variance Variance %
TW3LPHY2DYT 22NQM2 - 567 XXXXXXXXX     Subject Property Type 3 Family Investor 1-4    
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXXXX     Representative Score XXX XXX XX XX
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXXXX     Subject Property Type Single Family Investor 1-4    
BJA4FGLXVGG 22NQM2 - 569 XXXXXXXXX     Representative Score XXX XXX XX XX
BJA4FGLXVGG 22NQM2 - 569 XXXXXXXXX     Subject Property Type Single Family Investor 1-4    
P0RF4SEG4WB 22NQM2 - 570 XXXXXXXXX     Subject Property Type Single Family Investor 1-4    
JL10GGJ2WXC 22NQM2 - 571 XXXXXXXXX     Subject Property Type Single Family Investor 1-4    

 

   

Supplemental Data

Run Date - 5/3/2022                                                                                                                

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 TILA Status Application Date TRID HOEPA Fees TILA Fees Rate Lock Date Calculated APR Qualifying Rate Borrower Employment Indicator Co Borrower Employment Indicator B1 Citizenship Type B2 Citizenship Type Residual Income HOA Name Fee Amount QM DTI Asset Depletion Flag Bank Statements Flag Months of Bank Statements Type of Bank Statements Expense Ratio (Bank Statements) Profit and Loss Flag Profit And Loss Statement Type Income Doc Detail Document Level Most Recent Bankruptcy Type Most Recent Bankruptcy Filing Date Most Recent Bankruptcy Discharge Date Number of Bankruptcy Events Most Recent Deed in Lieu Date Months Deed in Lieu Most Recent Short Sale Date Months Short Sale (or Pre FC) Most Recent Foreclosure Date Months Foreclosure Mortgage & Rental History 1x30 Mortgage & Rental History 1x60 Mortgage & Rental History 1x90 Guideline Name ATR QM Total Points and Fees Audit Loan Regulation Benchmark Date Benchmark Rate HUD 1 Page 1 Credits Total Collateral Underwriter Risk Score Is Equity Shared Loan Investor Qualifying Rate Years of W2s Years of Personal Tax Returns Years of Business Tax Returns Years of 4506T Years of Tax Transcripts DSCR Qualifying P&I B3 Citizenship Type B4 Citizenship Type Property Type Number of Units
TW3LPHY2DYT 22NQM2 - 567 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX No         XX% Not Applicable Not Applicable US Citizen       $XXX Not Applicable No No       No   Not Applicable Not Applicable                     X X X XXXXXXX       Not Applicable Not Applicable No Not Applicable X X X X X Not Applicable Not Applicable Not Applicable Not Applicable 3 Family X
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX No         XX% Not Applicable Not Applicable US Citizen       $XXX Not Applicable No No       No   Not Applicable Not Applicable                     X X X XXXXXXX       Not Applicable Not Applicable No Not Applicable X X X X X Not Applicable Not Applicable Not Applicable Not Applicable Single Family X
BJA4FGLXVGG 22NQM2 - 569 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX No         XX% Not Applicable Not Applicable US Citizen       $XXX Not Applicable No No       No   Not Applicable Not Applicable                     X X X XXXXXXX       Not Applicable Not Applicable No Not Applicable X X X X X Not Applicable Not Applicable Not Applicable Not Applicable Single Family X
P0RF4SEG4WB 22NQM2 - 570 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX No         XX% Not Applicable Not Applicable Permanent Resident Alien       $XXX Not Applicable No No       No   Not Applicable Not Applicable                     X X X XXXXXXX       Not Applicable Not Applicable No Not Applicable X X X X X Not Applicable Not Applicable Not Applicable Not Applicable Single Family X
JL10GGJ2WXC 22NQM2 - 571 XXXXXXXX     Not Covered/Exempt XX/XX/XXXX No         XX% Not Applicable Not Applicable US Citizen       $XXX Not Applicable No No       No   Not Applicable Not Applicable                     X X X XXXXXXX       Not Applicable Not Applicable No Not Applicable X X X X X Not Applicable Not Applicable Not Applicable Not Applicable Single Family X

 

   

QM-ATR

Run Date - 5/3/2022                                        

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Pool Borrower Last Name Borrower First Name Coborrower Last Name Coborrower First Name Property Address Property City State Zip Code TILA Status QM Status Application Date GSE Eligible Points and Fees (Reg Z) Rate Lock Date APR Employment Indicator (Borrower) Employment Indicator (Coborrower) Citizenship Status (Borrower) Citizenship Status (Coborrower) Residual Income
TW3LPHY2DYT 22NQM2 - 567 XXXXXXXX     BRAVO 2022-NQM2 XXXXXX XXXXXX     XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX No                
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXXX     BRAVO 2022-NQM2 XXXXXX XXXXXX     XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX No           US Citizen    
BJA4FGLXVGG 22NQM2 - 569 XXXXXXXX     BRAVO 2022-NQM2 XXXXXX XXXXXX     XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX No           US Citizen    
P0RF4SEG4WB 22NQM2 - 570 XXXXXXXX     BRAVO 2022-NQM2 XXXXXX XXXXXX     XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX No                
JL10GGJ2WXC 22NQM2 - 571 XXXXXXXX     BRAVO 2022-NQM2 XXXXXX XXXXXX     XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX Not Covered/Exempt Not Covered/Exempt XX/XX/XXXX No           US Citizen    

 

   

ASF Addendum - Business Purpose

Run Date - 5/6/2022                                                      

 

Recovco Loan ID Redacted ID  Loan #1 Loan #2 Loan #3 Seller Name Originator Name Guideline Author Guideline Name Guideline Date Executed NOO Docs in File Lease In Place Flag Actual In Place Rent Third Party Market Rent Estimate Third Party Rent Source Rental Source for Property DTI Calculation DSCR PITIA Lease End Date Original Lease Term Rent Loss Insurance Rent Loss Insurance Amount HOA Flag HOA Monthly Premium Amount Monthly Property Tax Monthly Insurance Cost Cross Collateralized Flag Number of Mortgaged Properties Number of Properties Foreign National Alternative Credit Documentation Foreign National Guarantor 1 Foreign National Guarantor 2 Investor Type Number of Years Property Owned Borrower Residency Status Co Borrower Residency Status Qualifying Credit Score Months Bankruptcy 7 11 Months Short Sale or Pre FC Prior Mtg Rent Late 30d in 12m Prior Mtg Rent Late 60d in 12m Prior Mtg Rent Late 90d in 12m Prior Mtg Rent Late 30d in 24m Prior Mtg Rent Late 60d in 24m Prior Mtg Rent Late 90d in 24m Section 8 Street Address Borrower 1 Type Borrower 1 Designation Borrower 1 First Name Borrower 1 Last Name Borrower 2 Type Borrower 2 First Name Borrower 2 Last Name Borrower 2 Self Employment Flag Borrower 3 First Name Borrower 3 Last Name Borrower 3 Residency Status Borrower 3 Self Employment Flag Borrower 3 OriginalFICO:Equifax Borrower 3 OriginalFICO:Experian Borrower 3 OriginalFICO:TransUnion Borrower 4 First Name Borrower 4 Last Name Borrower 4 Residency Status Borrower 4 Self Employment Flag Borrower 4 OriginalFICO:Equifax Borrower 4 OriginalFICO:Experian Borrower 4 OriginalFICO:TransUnion Personal Guarantee Guarantor 1Name Guarantor 1 Citizenship Guarantor 1 Experian FICO Guarantor 1 Equifax FICO Guarantor 1 Trans Union FICO Guarantor 2 First Name Guarantor 2 Last Name Guarantor 2 Citizenship Guarantor 2 Experian FICO Guarantor 2 Equifax FICO Guarantor 2 Trans Union FICO Borrower 1 Employment Status Borrower 2 Employment Status Loan Application Date Sales Contract Date Qualifying Home Value for LTV Number of Units Year Built Total Sq Ft Number of Bedrooms Number of Bathrooms Property Condition Acquisition Cost Renovation Cost Effective Gross Income
TW3LPHY2DYT 22NQM2 - 567 XXXXXXXX       XXXXXXXXXX XXXXXX XXXXXXXXXX XX/XX/XXXX     Not Applicable Not Applicable     Not Applicable $XXX   Not Applicable   $XXX   $XXX $XXX $XXX   XXX     No       XXXXX   XXX     XXX XXX XXX       No XXXXXXXXX Limited Liability Corp (LLC)     XXXXXX                                     X XXXXXXXX XXXXXXX XXX XXX XXX                 XX/XX/XXXX   $XXX 3 1953 2119 5 3 C-3   $XXX  
P2QBQ0X0QJR 22NQM2 - 568 XXXXXXXX       XXXXXXXXXX XXXXXX XXXXXXXXXX XX/XX/XXXX     Not Applicable Not Applicable     Not Applicable $XXX   Not Applicable       $XXX $XXX $XXX   XXX             XXXXX   XXX     XXX XXX XXX       No XXXXXXXXX Individual   XXXX XXXXXX                                                                 XX/XX/XXXX   $XXX 1 1980 3922 6 3 C-4   $XXX  
BJA4FGLXVGG 22NQM2 - 569 XXXXXXXX       XXXXXXXXXX XXXXXX XXXXXXXXXX XX/XX/XXXX     Not Applicable Not Applicable     Not Applicable $XXX   Not Applicable   $XXX   $XXX $XXX $XXX   XXX             XXXXX   XXX     XXX XXX XXX       No XXXXXXXXX Individual   XXXX XXXXXX                                                                 XX/XX/XXXX   $XXX 1 1980 2951 6 4 C-3   $XXX  
P0RF4SEG4WB 22NQM2 - 570 XXXXXXXX       XXXXXXXXXX XXXXXX XXXXXXXXXX XX/XX/XXXX     Not Applicable Not Applicable     Not Applicable $XXX   Not Applicable       $XXX $XXX $XXX   XXX     No       XXXXX   XXX     XXX XXX XXX       No XXXXXXXXX Limited Liability Corp (LLC)     XXXXXX                                     X XXXXXXXX XXXXXXX XXX XXX XXX                 XX/XX/XXXX   $XXX 1 1967 1053 3 2 C-4   $XXX  
JL10GGJ2WXC 22NQM2 - 571 XXXXXXXX       XXXXXXXXXX XXXXXX XXXXXXXXXX XX/XX/XXXX     Not Applicable Not Applicable     Not Applicable $XXX   Not Applicable   $XXX   $XXX $XXX $XXX   XXX             XXXXX   XXX     XXX XXX XXX       No XXXXXXXXX Individual   XXXX XXXXXX                                                                 XX/XX/XXXX   $XXX 1 1979 3544 4 3 C-3 $XXX    

 

   

Exhibit 99.5

 

 

Selene Diligence LLC (“Selene”) Due

Diligence Review Narrative (“Report”)

 

Selene’s Report, which is to be made available to the recipients by the Client, includes the loan level results of Selene’s independent, third-party due diligence review conducted on behalf of the Client. The scope of review for these loans is as follows:

 

DESCRIPTION OF SERVICES:

 

(1) Type of assets that were reviewed.

Selene New Diligence Advisors LLC performed certain due diligence services described below on residential mortgage loans originated by numerous entities and obtained by Loan Funding Structure LLC (“Client”). The review was conducted between October 2021 and May 2022 via files imaged and provided for review (the “Review”).

 

(2) Sample size of the assets reviewed. 

This Review consisted of 100% of the loan population.

 

FINAL SECURITIZATION POPULATION 

Selene was instructed to perform a review on a population totaling 7 DSCR loans and 35 Non-QM loans for a total of 42 loans the “Final Securitization Population”).

 

Credit Reviews (42):

During the Review, Selene performed a credit review on 42 mortgage loans in the Final Securitization Population.

 

Compliance Review (42)

During the Review, Selene performed a compliance review on 42 mortgage loans in the Final Securitization Population.

 

Valuation Reviews (42):

During the Review, Selene performed a property valuation review on 42 mortgage loans in the Final Securitization Population.

 

Data Integrity Review (42):

During the Review, Selene performed a Data Integrity Review on 42 mortgage loans in the Final Securitization Population.

 

 

 

 

 

 

FINAL SECURITIZATION POPULATION

After Selene’s initial review was completed, the Client provided Selene with a confirmed list of 42 mortgage loans that formed the Final Securitization Population. The table below summarizes the reviews conducted by Selene.

 

Review Reviewed Total % of Final Securitization Population
Credit Population 42 100%
Compliance Population 42 100%
Valuation Population 42 100%
Data Integrity Population 42 100%

 

(3) Determination of the sample size and computation. 

The Review was conducted with sample size criteria that has been communicated by the Client to Selene to be consistent with the criteria for the nationally recognized statistical ratings organizations identified in Item 3 of the ABS Due Diligence-15E.s (the “NRSRO(s)”).

 

(4) Quality or integrity of information or data about the assets: review and methodology.

Where available, Selene compared the data fields on the bid tape provided by the Client to the data found in the actual loan file as captured by Selene. This information may not have been available for all mortgage loans.

 

(5) Origination of the assets and conformity to stated underwriting or credit extension guidelines, standards, criteria or other requirements: review and methodology.

Selene assessed the underwriting guidelines and compared the documentation in the loan file against the stated guidelines for adherence.

 

GUIDELINES

 

LoanStream AltONE Conventional Investment Properties and LoanStream Investment and DSCR GLs (collectively the “Guidelines”)

 

LOAN GRADING 

The Guidelines referenced above served as the benchmark for grading loans with respect to credit, compliance, underwriting, property valuation and data integrity. Each loan received an “initial” and a “final” grade. The “initial” grade was assigned during the initial loan review. The “final” grade considers additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Selene’s loan grading is solely based on Selene’s independent assessment of all Guideline exceptions and compensating factors for each of the component reviews. Selene is providing a comprehensive loan-level analysis that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades and sets forth compensating factors and waivers.

 

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SCOPE OF REVIEW 

Selene examined the selected loan files with respect to the presence or absence of relevant documents, enforceability of mortgage loan documents, and accuracy and completeness of data fields. Selene relied on the accuracy of information contained in loan documentation provided to Selene (for more detail, please refer to Appendix A and B, attached hereto).

 

CREDIT REVIEW

 

Selene’s credit scope of review conducted on this transaction included the following elements:

 

Assessed whether the characteristics of the mortgage loans and the borrowers conformed to the Guidelines cited above;

Re-calculated LTV, CLTV, income, liabilities and compared these against the Guidelines;

Analyzed asset statements to determine whether funds to close and reserves were within the Guidelines;

Confirmed that credit scores (FICO) and credit histories were within the Guidelines.

 

COMPLIANCE REVIEW

 

Selene’s compliance scope determined whether the mortgage loans comply with the Federal Truth in Lending Act, the Federal Real Estate Settlement Procedures Act, Sections 1098 and 1100A of Dodd Frank, Sections 1411 and 1412 of the Wall Street Reform and Consumer Protection Act, and the Equal Credit Opportunity Act.

 

PROPERTY VALUATION REVIEW

  

Selene’s Property Valuation scope of review conducted on this transaction included the following elements.

 

Original Appraisal Assessment

Selene reviewed the original appraisal provided to determine whether the original appraisal was complete, thorough and the original appraised value was reasonably supported.

 

Value Supported Analysis

Selene applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third-party valuation product provided by the Client.

 

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DATA INTEGRITY REVIEW

Selene uploads tape data into its due diligence application and compares it to the actual documents provided.

●     Tape data received from lender/client is stored in a secured FTP folder; 

●     Tape data is uploaded into the application; 

●     Loan Reviewer collects validated loan data; 

●     Each received data point is compared to its counterpart collected data point; and 

●     Discrepancies found during comparison are stored and reported.

 

Selene provided the Client with a copy of the initial loan level tape discrepancy report which shows the differences between the data received by the Client versus the data captured by Selene during the loan review.

 

SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW 

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of the NRSROs.

 

With respect to the Final Securitization Population, Selene conducted (i) a Credit Review on 42 mortgage loans, (ii) a Compliance Review on 42 mortgage loans (iii) a Valuation Review on 42 mortgage loans, and (iv) a Data Integrity Review on 42 mortgage loans; the results of these reviews are discussed below. All grades shown below are based upon the NRSRO grading methodologies utilized by the NRSROs.

 

REVIEW RESULTS SUMMARY 

After review of the 42 mortgage loans; 41 mortgage loans had a rating grade of A, 0 mortgage loan had a rating grade of B, 1 mortgage loans had a rating grade of C, and 0 mortgage loans had a rating grade of D.

 

   

Grades per loan (42 overall loans):

 

     
    INITIAL RA GRADES - OVERALL     FINAL RA GRADES - OVERALL  
  NRSRO Grade DBRS Fitch %   NRSRO Grade DBRS Fitch %  
  A 15 15 35.72%   A 35 35 83.33%  
  B 1 1 2.38%   B 6 6 14.29%  
` C 16 16 38.09%   C 1 1 2.38%  
  D 10 10 23.81%   D 0 0 0%  
                       

 

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Final Grades per loan broken out by compliance, credit and property:

 
    FINAL RA GRADES - COMPLIANCE     FINAL RA GRADES - CREDIT  
  NRSRO Grade DBRS Fitch %   NRSRO Grade DBRS Fitch %  
  A 39 39 92.86%   A 38 38 90.48%  
  B 2 2 4.76%   B 4 4 9.52%  
  C 1 1 2.38%   C 0 0 0%  
  D 0 0 0%   D 0 0 0%  
                         
                         
    FINAL RA GRADES - PROPERTY                
  NRSRO Grade DBRS Fitch %                
  A 42 42 100%                
  B 0 0 0%                
  C 0 0 0%                
  D 0 0 0%                

 

 

REVIEW RESULTS SUMMARY (EXCEPTION LISTING)

Review of the Final Grading Summary (redacted) provides the exceptions in detail and the migration from the initial rating agency grade to the final rating agency grade, based on mitigation/resolution from the client.

 

Disclaimer: Please be advised that Selene did not make a determination as to whether the mortgage loans complied with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated below. There can be no assurance that the Review uncovered all relevant factors relating to the origination of the mortgage loans, their compliance with all applicable laws and regulations and the original appraisals relating to the mortgaged properties or uncovered all relevant factors that could affect the future performance of the mortgage loans. Furthermore, the findings reached by Selene are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which Selene is relying in reaching such findings.

 

Please be further advised that Selene does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by Selene do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to Selene. Information contained in any Selene report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of

 

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limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. Risk levels associated with a loan may have changed an exception level, given

 

rating agency published guidance, written guidance, or other guidance from the rating agency team on the transaction. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged Selene to prepare its reports pursuant to its instructions and Guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by Selene are

 

designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. Selene does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by Selene.

 

THIRD PARTY REVIEW REPORTING DELIVERED

Selene furnished the following reports on this transaction:

 

1.Selene Due Diligence Narrative Report
2.ASF Report
3.Grading Summary
4.Exception Detail
5.Tape Discrepancies
6.Valuations Report
7.Supplemental Data
8.Third Party (TPR) Attestation Form
9.Attestation Form 15E

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APPENDIX A – CREDIT REVIEW SCOPE

 

Selene reviewed the origination documentation contained in the mortgage loan file to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements that are provided to Selene and/or as directed by Client. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the file was also performed.

 

Credit Application

 

For the Credit Application, Selene verified whether:

 

1.The application is signed by all listed borrowers;

2.The application is substantially filled out; and

3.All known borrower-owned properties are disclosed on the Real Estate Owned section.

 

Credit Report

 

Selene verified:

 

1.A credit report and/or other credit history documentation is present for each borrower;

2.Capture the monthly consumer debt payments for use in the debt to income and/or residual income calculation, as applicable;

3.Note the Real Estate Owned and fraud alerts; and

4.Gather data required for ASF Report submission which may include:

a)Most recent FICO Score (scores from Equifax, Experian, and Transunion if available)

b)Most recent FICO date

c)Longest Trade Line

d)Maximum Trade Line

e)Number of trade lines

f)Credit Usage Ratio

 

Employment and Income

 

Selene determined whether all applicable supporting documentation as required by the guidelines is in the file and note indications of potentially fraudulent documents. The documentation was also be used to verify whether the income used to qualify the loan was calculated in accordance with applicable guidelines. Documentation verifying employment and income may include:

 

1.Verbal or Written VOE’s

2.Pay stubs

3.W-2 forms

4.Tax returns

5.Financial statements

6.Award letters

7.Bank statements

 

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Asset Review

 

Selene assessed whether the asset documentation required by the guidelines is present in the file. In addition, a review of the reserve calculation was performed. Documentation verifying assets for down payment, closing costs, prepaid items and reserves may include:

 

1.VOD’s

2.Depository account statements

3.Stock or security account statements

4.Gift funds

5.Settlement statement or other evidence of conveyance and transfer of funds if a sale of assets was involved

 

Hazard/Flood insurance

 

A review of the insurance present on the loan was also be performed:

 

1.Verify that the hazard insurance meets the minimum required amount of coverage in the guidelines;

2.For condominium properties, confirm that the blanket policy meets the minimum amount of coverage;

3.Confirm that the flood cert is for the correct borrower, property, lender and loan number and is a “Life of Loan” certification;

4.For properties is in a flood zone per the flood cert, confirm that flood insurance in the file meets the minimum required amount of coverage and meets guideline requirements;

5.Confirm that the mortgagee clause lists the lender’s name and “its successors and assigns”; and

6.Confirm that the premium amount on both the hazard and flood insurance match what was used in the DTI calculations.

 

Title

 

Verified whether the appropriate vestee is on the title document: if a purchase, the seller; if a refinance, the borrower and review the Title Commitment for the disclosure issues.

 

Fraud

 

To the extent potentially fraudulent activity is identified as part of the document review, such information was reported to Client. In addition, when required, Selene looked for an independent, third party fraud report in each file and will review the results of the fraud report in conjunction with source documents found in the file to assess the likelihood of any misrepresentations associated with the origination of the loan. If the loan does not contain a fraud report and the counterparty cannot produce one, Selene conditioned the loan for the missing product.

 

On this Fraud report Selene:

 

1.Reviewed for any name variations for the borrowers and confirm that the variations have been addressed in the loan file;

2.Reviewed for any social security number variations for the borrowers and confirm that the variations have been addressed in the loan file;

 

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3.Reviewed for any potential occupancy issues based on the borrowers’ address history and confirm that any issues have been addressed in the loan file;

4.Reviewed for any employment issues and confirm that any issues have been addressed in the loan file;

5.Reviewed for any additional consumers associated with the borrowers’ profiles and confirm the materiality and material issues have been addressed in the loan file; and

6.Addressed all red flag issues.

 

Additional Review

 

Selene’s review procedures also included:

 

1.A review of the completeness and accuracy of the information obtained in the mortgage origination process;

2.A review of closing documents to ensure that the mortgage file information is complete, accurate, and consistent with other documents in the mortgage file;

3.Selene will review the mortgage file documents to determine that the mortgage was properly underwritten;

4.Verification that the DTI, LTV, asset reserves, property type, transaction type (maximum loan amount, loan purpose, occupancy, etc.), and FICO scores meet or exceed the guideline requirements;

5.Verification that all borrowers are eligible based on the guidelines and information in the loan file; and

6.Verify there is appropriate documentation present to confirm that applicable documents have been recorded or have been sent for recording.

 

APPENDIX B: COMPLIANCE SCOPE

 

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APPENDIX B – COMPLIANCE REVIEW SCOPE

 

Selene reviewed Non-QM loans to determine, as applicable, to the extent possible and/or applicable and subject to the caveats below, whether the loan complies with:

 

1.Federal Truth in Lending Act (“TILA”), as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below:

 

  a) Rescission (§1026.23):
  i) failure to provide the right of rescission notice;
  ii) failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);
  iii) errors in the right of rescission notice;
  iv) failure to provide the correct form of right of rescission notice;
  v) failure to provide the three (3) business day rescission period;
  vi) any material disclosure violation on a rescindable mortgage loan that gives rise to the right of rescission under TILA, which means the required disclosures of the annual percentage rate, the finance charge, the amount financed, the total of payments, the payment schedule, the HOEPA disclosures, or those related to prepayment penalties on covered transactions; and
  vii) with respect to applicable exception remediation measures, confirm that a letter of explanation, a refund if applicable, new corrected material disclosures and a new notice of right to cancel was provided.
  b) TIL Disclosure (§§1026.17, 18 and 19):
  i) review and comparison of the initial and final TIL disclosures, and any re-disclosed TIL(s);
  ii) proper execution by all required parties;
  iii) principal and interest calculations, and proper completion of the interest rate and payment summary; and
  iv) timing of initial and re-disclosed TIL(s).
  c) Tolerances (§§1026.18, 22 and 23):
  i) inaccurate Annual Percentage Rate (APR) outside of applicable tolerance by comparing disclosed APR to re-calculated APR; and
  ii) inaccurate Finance Charge outside of applicable tolerance by comparing disclosed Finance Charge to re-calculated Finance Charge.
  d) High-cost Mortgage (§§1026.31, 32 and 33):
  i) points and fees threshold test;
  ii) APR threshold test;
  iii) prepayment penalty test; and
  iv) compliance with the disclosure requirements, limitation on terms and prohibited acts or practices in connection with a high-cost mortgage.
  e) Higher-priced Mortgage Loan (§1026.35):
  i) APR threshold test; and
  ii) compliance with the escrow account and appraisal requirements.
  f) With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator Compensation and Steering (§1026.36):
  i) review relevant documentation to determine if compensation to a Loan Originator was based on a term of the transaction;
  ii) review relevant document to determine if there was dual compensation; and
  iii) review the presence of the mortgage loan option disclosure and to determine if the Steering Safe Harbor provisions were satisfied.

 

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  (1) Note: Where available, Selene reviewed the relevant documents in the mortgage loan file and, as necessary, attempted to obtain the mortgage loan originator compensation agreement and/or governing policies and procedures of the mortgage loan originator. In the absence of the mortgage loan originator compensation agreement and/or governing policies and procedures, Selene’s review was limited to formal general statements of entity compliance provided by the mortgage loan originator, if any. These statements, for example, were in the form of a letter signed by the seller correspondent/mortgage loan originator or representations in the mortgage loan purchase agreement between the Client and seller correspondent;
  g) Homeownership counseling (§1026.36):
  i) determine if the creditor obtained proof of homeownership counseling in connection with a mortgage loan to a first time homebuyer that contains a negative amortization feature.
  h) Mandatory Arbitration Clauses (§1026.36):
  i) determine if the terms of the mortgage loan require arbitration or any other non-judicial procedure to resolve any controversy or settle any claims arising out of the transaction.
  i) Prohibition on Financing Credit Insurance (§1026.36):
  i) determine if the creditor financed, directly or indirectly, any premiums or fees for credit insurance.
  j) Nationwide Mortgage Licensing System (NMLS) & Registry ID on Loan Documents (§1026.36):
  i)

review for presence of mortgage loan originator organization and individual mortgage loan originator name and NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security instrument, Loan Estimate and Closing Disclosure; and (ii) verify the data against the NMLSR database, as available.

 

2.Federal Real Estate Settlement Procedures Act (“RESPA”), as implemented by Regulation X, 12 C.F.R. Part 1024, as set forth below:

 

  a) Good Faith Estimate (GFE) (§1024.7):
  i) confirm the presence of the current GFE form in effect at the time of origination;
  ii) verify GFE was provided to the borrower(s) within three (3) business days of application;
  iii) verify all sections of the GFE were accurately completed and that information was reflected in the appropriate locations;
  iv) determine whether a valid and properly documented changed circumstance accompanies any changes to mortgage loan terms and/or fees on any revised GFEs over the applicable tolerance(s); and
  v) confirm the presence of a settlement service provider list, as applicable.
  b) Final HUD-1/A Settlement Statement (HUD) (§1024.8):
  i) confirm current applicable HUD form was provided;
  ii) determination that the mortgage loan file contains the final HUD;
  iii) escrow deposit on the final HUD matches the initial escrow statement amount; and
  iv) verify all sections of the final HUD were accurately completed and that information was reflected in the appropriate locations.
  c) GFE and Final HUD Comparison (§1024.7):
  i) review changes disclosed on the last GFE provided to the borrower(s) to determine that such changes were within the allowed tolerances;
  ii) confirm mortgage loan terms and fees disclosed on the third page of the final HUD accurately reflect how such items were disclosed on the referenced GFE, page 2 of the final HUD and mortgage loan documents; and

 

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  iii) review any documented cure of a tolerance violation to determine that the proper reimbursement was made and a revised HUD was provided at or within 30 days of settlement.
  d) Additional RESPA/Regulation X Disclosures and Requirements (§1024.6, 15, 17, 20, and 33):
  i) confirm the presence of the Servicing Disclosure Statement form in the mortgage loan file;
  ii) verify the Servicing Disclosure Statement was provided to the borrower(s) within three (3) business days of application;
  iii) confirm the presence of the Special Information Booklet in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower;
  iv) confirm the Special Information Booklet was provided within three (3) business days of application;
  v) confirm the presence of the Affiliated Business Arrangement Disclosure in the mortgage loan file in the event the lender has affiliated business arrangements;
  vi) confirm the Affiliated Business Arrangement Disclosure was provided no later than three (3) business days of application;
  vii) confirm the Affiliated Business Arrangement Disclosure is executed; and
  viii) confirm the presence of the Initial Escrow Disclosure Statement in the mortgage loan file and proper timing; and
  ix) confirm that the creditor provided the borrower a list of homeownership counselling organizations within three (3) business days of application.
     
3.Sections 1098 and 1100A of Dodd-Frank amending TILA and RESPA, as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below (applicable only for mortgage loans with application dates on or after October 3, 2015):

 

a) Loan Estimate (LE) (§§1026.19 and 37):
  i) confirm the presence of LE for applications on or after October 3, 2015;
  ii) confirm the initial LE date indicates it was delivered or placed in the mail within three (3) business days of application;
  iii) confirm that certain sections of each LE determined to carry assignee liability were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the LE;
  iv) confirm the initial LE was delivered or placed in the mail not later than seven (7) business days prior to consummation of the transaction, or such period was waived due to a bona fide financial emergency;

 

  v)  confirm if the file indicates a fee was imposed, other than for a credit report, prior to borrower receiving LE and indicating an intent to proceed with the transaction;
  vi) confirm that any written estimate of terms or costs provided prior to receipt of a LE contained the required disclosures;
  vii) confirm that each revised LE is accompanied by valid written documentation explaining the reason for re-disclosure to allow for fee increases based on a valid change of circumstance and was timely provided within 3 business days of issuance;
  viii) confirm the presence and timely provision of a settlement service provider list (when consumer is given the opportunity to shop for services);
  ix) confirm borrower received LE not later than four (4) business days prior to consummation; and
  x) confirm LE was not provided to the borrower on or after the date of the CD.
     

 

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  b) Closing Disclosure (CD) (§§1026.19 and 38):
  i) confirm the presence of CD for applications on or after October 3, 2015;
  ii) confirm the borrower received CD at least three (3) business days prior to consummation, or that such period was waived due to a bona fide financial emergency;
  iii) confirm that certain sections of each CD determined to carry assignee liability were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the CD;
  iv) confirm that a revised CD was received in a timely manner if the initial or any revised CD became inaccurate;
  v) identify tolerance violations based on the charges disclosed on the initial and interim LE’s, initial CD, and reflected on the final CD;
  vi) with respect to tolerance violations based on the disclosed charges on the LE and CD, confirm that the creditor cured the violations no later than 60 days after consummation, or within 60 days of discovery; and
  vii) with respect to applicable exception remediation measures for numerical exceptions, confirm that a letter of explanation, as well as a refund as applicable, was delivered or placed in the mail no later than 60 days after discovery of the exception establishing the need for a revised CD or with respect to exception remediation measures for non-numerical exceptions, that a corrected CD was delivered or placed in the mail no later than 60 days after consummation. (In an attempt to establish a best practices approach to pre-securitization due diligence, as it applies to TILA RESPA Integrated Disclosure testing, the Structured Finance Industry Group (“SFIG”) has a working group that consists of industry participants including third party review providers and law firms who are discussing a standardized approach to remediation considerations. This approach is intended to be based on a reasoned legal analysis that expressly assumes that courts will interpret TRID in accordance with the principals of liability set forth in the letter to the MBA from Richard Cordray, the Director of the CFPB. No assurances can be provided that the courts in question will interpret TRID in accordance with the SFIG industry group proposal.)
  c) Your Home Loan Toolkit (§1026.19):
  i) confirm the presence of Your Home Loan Toolkit in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower; and
  ii) confirm Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) business days after receipt of application

 

4.Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act amending TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43, as set forth below:

 

a)the general Ability to Repay (“ATR”) underwriting standards (12 C.F.R. 1026.43(c));

b)refinancing of non-standard mortgages (12 C.F.R. 1026.43(d)); and

c)Balloon-payment qualified mortgages made by certain creditors (12 C.F.R. 1026.43(f)).

 

General Ability to Repay

 

Selene reviewed mortgage loans to determine whether, based on available information in the mortgage loan file, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer's current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer's employment in determining repayment ability (the consumer's current employment status); (iii) the

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consumer's monthly payment; (iv) the consumer's monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer's monthly payment for mortgage-related obligations; (vi) the consumer's current debt obligations, alimony, and child support; (vii) the consumer's monthly debt-to-income ratio or residual income; and (viii) the consumer's credit history. This portion of the Review also focuses on full recalculation of income and debts, as well as the documentation provided to support each item used in originator’s determination of the ability to repay.

 

Selene reviewed mortgage loans to determine their conformity with the ATR/QM factors above, and is not rendering an independent assessment or opinion, warranting or representing that a mortgage loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative or judicial authorities (“Authorities”). Selene does not represent or warrant that the factors for which it is reviewing the mortgage loans constitute all of the factors and/or criteria that Authorities may consider in determining the status of a mortgage loan. Selene’s review is based on information contained in the mortgage loan file at the time it is provided to Selene to review, and only reflects information as of that point in time.

 

5.The Equal Credit Opportunity Act, as implemented by Regulation B, 12 C.F.R. Part 1002, as set forth below:

 

a)Providing Appraisals and Other Valuations (12 C.F.R. 1002.14):

i)timing and content of the right to receive copy of appraisal disclosure;

ii)charging of a fee for a copy of the appraisal or other written valuation;

iii)timing of creditor providing a copy of each appraisal or other written valuation; and

iv)with respect to a borrower that has waived the three (3) business day disclosure requirement, confirm that (a) the borrower has signed the waiver or other acknowledgment at least three (3) business days prior to consummation; and (b) that the lender has provided copies of appraisals and other written valuations at or prior to consummation.

 

6.The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution and associated regulations;

 

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APPENDIX C – VALUATION REVIEW SCOPE

 

Selene reviewed the valuation materials utilized during the origination of the loan which confirmed the value of the underlying property. Selene verified the appraisal report was (i) on the appropriate GSE form, (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser that was actively licensed to perform the valuation, (v) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guidelines restrictions, (vii) made on an “as is” basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities; and (viii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same.

 

If more than one valuation is provided for review, Selene confirmed consistency among the valuation products and if there are discrepancies that cannot be resolved, Selene created an exception and worked with the Client on the next steps, which may include ordering of additional valuation products such as collateral desktop analyses, broker’s price opinions, and full appraisals. If the property valuation products included in Selene’s review results in a variance of more than 10% then the Client shall be notified of such variance and a second independent valuation product shall be ordered. On all loans, Selene makes a determination as to whether appraised value is supported based on documentation available at the time of review and adds exceptions or comments as appropriate.

 

Selene confirmed consistency among the valuation products and where applicable, if there was a discrepancy in value between two appraisals in the form of a variance greater than 10%, Selene would review the file for a desktop analysts/evaluation of the appraisals and determine which appraised value was used for qualification purposes. If there were discrepancies that could not be resolved, Selene created an exception and worked with the client on the next steps for resolution.

 

Disclaimer

oThe individuals performing the aforementioned original appraisal assessment are not persons providing valuations for purposes of the Uniform Standards of Professional Appraisal Practice (“USPAP”) or necessarily licensed as appraisers under Federal or State law, and the services being performed by such persons do not constitute “appraisal reviews” for purposes of USPAP or Federal or State law.

oSelene makes no representation or warranty as to the value of any mortgaged property, notwithstanding that Selene may have reviewed valuation information for reasonableness.

oSelene is not an ‘AMC’ (appraisal management company) and therefore Selene does not opine on the actual value of the underlying property.

Selene is not a ‘creditor’ within the meaning of ECOA or other lending laws and regulations, and therefore Selene will not have any communication with or responsibility to any individual consumer concerning property valuation.

Selene does not confirm whether the appraiser is on the Freddie Mac exclusionary list.

 

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LOAN INFORMATION INITIAL CREDIT LOAN GRADES INITIAL COMPLIANCE LOAN GRADES INITIAL PROPERTY LOAN GRADES INITIAL OVERALL LOAN GRADES FINAL CREDIT LOAN GRADES FINAL COMPLIANCE LOAN GRADES FINAL PROPERTY LOAN GRADES FINAL OVERALL LOAN GRADES
Loan ID Investor ID Loan Identifier Original Loan Amount DBRS/Morningstar Fitch Kroll S&P Moodys DBRS/Morningstar Fitch Kroll S&P Moodys DBRS/Morningstar Fitch Kroll S&P Moodys DBRS/Morningstar Fitch Kroll S&P Moodys DBRS/Morningstar Fitch Kroll S&P Moodys DBRS/Morningstar Fitch Kroll S&P Moodys DBRS/Morningstar Fitch Kroll S&P Moodys DBRS/Morningstar Fitch Kroll S&P Moodys
xxxxxx2095 XXXX 22NQM2 - 464 XXXX A A A A A C C C C C A A A A A C C C C C A A A A A C C C C C A A A A A C C C C C
xxxxxx3997 XXXX 22NQM2 - 465 XXXX A A A A A C C C C C A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx6995 XXXX 22NQM2 - 466 XXXX C C C C C A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx4829 XXXX 22NQM2 - 467 XXXX D D D D D D D D D D A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx6996 XXXX 22NQM2 - 468 XXXX D D D D D C C C C C A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx5037 XXXX 22NQM2 - 469 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx5982 XXXX 22NQM2 - 470 XXXX C C C C C A A A A A A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
xxxxxx6378 XXXX 22NQM2 - 471 XXXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx7651 XXXX 22NQM2 - 472 XXXX C C C C C A A A A A A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
xxxxxx7018 XXXX 22NQM2 - 473 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx7310 XXXX 22NQM2 - 474 XXXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx6830 XXXX 22NQM2 - 475 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx6626 XXXX 22NQM2 - 476 XXXX D D D D D C C C C C A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx6147 XXXX 22NQM2 - 477 XXXX A A A A A A A A A A D D D D D D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx6355 XXXX 22NQM2 - 478 XXXX C C C C C A A A A A C C C C C C C C C C B B B B B A A A A A A A A A A B B B B B
xxxxxx6920 XXXX 22NQM2 - 479 XXXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx7017 XXXX 22NQM2 - 480 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx7223 XXXX 22NQM2 - 481 XXXX A A A A A A A A A A C C C C C C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx2306 XXXX 22NQM2 - 482 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx5703 XXXX 22NQM2 - 483 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx1641 XXXX 22NQM2 - 484 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx5837 XXXX 22NQM2 - 485 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx6152 XXXX 22NQM2 - 486 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx6578 XXXX 22NQM2 - 487 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx7123 XXXX 22NQM2 - 488 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx3145 XXXX 22NQM2 - 489 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx5419 XXXX 22NQM2 - 490 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx7149 XXXX 22NQM2 - 491 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx6132 XXXX 22NQM2 - 492 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx2688 XXXX 22NQM2 - 493 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
xxxxxx4896 XXXX 22NQM2 - 494 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx6288 XXXX 22NQM2 - 495 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx6265 XXXX 22NQM2 - 496 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx5130 XXXX 22NQM2 - 497 XXXX C C C C C C C C C C A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
xxxxxx5713 XXXX 22NQM2 - 498 XXXX C C C C C A A A A A A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
xxxxxx4983 XXXX 22NQM2 - 572 XXXX B B B B B A A A A A A A A A A B B B B B A A A A A A A A A A A A A A A A A A A A
xxxxxx6096 XXXX 22NQM2 - 499 XXXX D D D D D D D D D D A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx5298 XXXX 22NQM2 - 500 XXXX D D D D D A A A A A A A A A A D D D D D A A A A A A A A A A A A A A A A A A A A
xxxxxx6081 XXXX 22NQM2 - 501 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx7301 XXXX 22NQM2 - 502 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
xxxxxx2066 XXXX 22NQM2 - 503 XXXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
xxxxxx7198 XXXX 22NQM2 - 573 XXXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A

 

 

 

Finding Resolution Finding Document Reviewer Comp Factors Originator Comp Factors State Occupancy Loan Purpose Refinance Purpose Unique Finding ID
Resolved-Resolved - Due Diligence Vendor-10/28/2021

 Rescinded-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. The increase/addition to the following fee(s) was not accepted because a valid reason was not provided:  9/23/2021 Appraisal Re-Inspection Fee $200.00  
A cost to cure in the amount of $200.00 is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the increase. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery (mailing label).
 - Due Diligence Vendor-10/05/2021

 Rescinded-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-10/05/2021

      XX Primary Residence Purchase NA 115727
Resolved-Resolved - Due Diligence Vendor-10/28/2021

 Rescinded-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. The increase/addition to the following fee(s) was not accepted because a valid reason was not provided:  9/23/2021 Appraisal Re-Inspection Fee $200.00  
A cost to cure in the amount of $200.00 is required. The defect can be cured by reimbursing the consumer or providing a valid reason for the increase. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery (mailing label).
 - Due Diligence Vendor-10/05/2021

 Rescinded-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-10/05/2021

      XX Primary Residence Purchase NA 115729
Resolved-This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $200.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-10/05/2021

 Resolved-Thank you, Client provided COC dated 9/9/21 reflecting the $200.00 re-inspection fee.  - Due Diligence Vendor-10/28/2021

XXXX     XX Primary Residence Purchase NA 115730
Resolved-Client provided declaration page of HOI reflecting the policy period 9/28/2021 through 9/28/2022, Exception Resolved.  - Due Diligence Vendor-11/22/2021
 Resolved-Hazard Insurance Effective Date of 09-28-2021 is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-11/22/2021
XXXX     XX Investment Purchase NA 114910
Resolved-2nd Valuation not required per GL's.  Finding resolved.  - Due Diligence Vendor-10/21/2021

 Resolved-Lender provided a Fannie Mae worksheet with value stated. Finding resolved. - Due Diligence Vendor-10/20/2021

XXXX     XX Investment Purchase NA 120801
Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-12/06/2021

XXXX     XX Primary Residence Refinance Limited Cash Out - >2% of Loan Amount or $2000 121212
Resolved-PUD Rider received.  - Due Diligence Vendor-11/18/2021

XXXX     XX Primary Residence Refinance Limited Cash Out - >2% of Loan Amount or $2000 116750
Resolved-Updated final CD.  Closing date XXXX disbursed date 9/29.   - Due Diligence Vendor-11/17/2021
XXXX     XX Primary Residence Refinance Limited Cash Out - >2% of Loan Amount or $2000 117057
Resolved-Resolved - Due Diligence Vendor-12/07/2021

 Rescinded-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. ***This loan failed the charges that cannot increase test due to a Home Warranty Fee that was added to the Final CD in the amount of $895 that was not documented on the Change of Circumstance Form on file dated 9/27/21. There is no evidence of reimbursement in file. Please upload COC, or to cure upload refund check, PCCD, LOE, and shipping envelope.*** - Due Diligence Vendor-10/06/2021

 Rescinded-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-10/06/2021

      XX Primary Residence Purchase NA 117551
Resolved-Resolved - Due Diligence Vendor-12/07/2021

 Rescinded-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. ***This loan failed the charges that cannot increase test due to a Home Warranty Fee that was added to the Final CD in the amount of $895 that was not documented on the Change of Circumstance Form on file dated 9/27/21. There is no evidence of reimbursement in file. Please upload COC, or to cure upload refund check, PCCD, LOE, and shipping envelope.*** - Due Diligence Vendor-10/06/2021

 Rescinded-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-10/06/2021

      XX Primary Residence Purchase NA 117552
Resolved-This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $890.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-10/06/2021

XXXX     XX Primary Residence Purchase NA 117553
  XXXX     XX Primary Residence Purchase NA 117030
Resolved-NanQ / Trid 30 Yrs Fixed 12 months bank statement A+ - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Purchase NA 117037
Resolved-Lender provided a Conditional Loan Approval. Finding resolved. See finding upload - Due Diligence Vendor-10/20/2021

XXXX     XX Primary Residence Purchase NA 116259
  XXXX   FICO 713 - 33 points above 680, LEV low, under 70%, DSCR at least 1.25 XX Investment Refinance Cash Out - Other 116084
Resolved-Client provided updated Title reflecting $XXX coverage.  Finding resolved.  - Due Diligence Vendor-10/21/2021
 Resolved-Lender provided Escrow instructions with title coverage amount of $340,000. Finding resolved - Due Diligence Vendor-10/20/2021
 Resolved-Title Coverage Amount of $340000 is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-10/20/2021
XXXX     XX Investment Refinance Cash Out - Other 115720
  XXXX     XX Primary Residence Purchase NA 119511
Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-11/17/2021

 Resolved-Originator screened thru OFAC - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Purchase NA 119490
Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Purchase NA 119491
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/05/2021

XXXX     XX Primary Residence Purchase NA 119492
Resolved-Income corrected on 1008 - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Purchase NA 119514
XXXX
XXXX     XX Primary Residence Purchase NA 119505
Resolved-Lender provided Conditional Loan Approval . finding resolved. See finding upload - Due Diligence Vendor-10/20/2021

XXXX     XX Primary Residence Purchase NA 119518
Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-12/06/2021

CPA P&L.pdf     XX Primary Residence Purchase NA 170294
Resolved-Received exception to allow for back DTI of 56.85% - Due Diligence Vendor-01/18/2022

    Reserves after closing at least 8 mths, FICO 762 - 42 points above 720 XX Primary Residence Purchase NA 255970
Resolved-Received updated 1008 to reflect full P&I payment.  - Due Diligence Vendor-01/18/2022

XXXX   FICO 762 - 42 points above 720, Reserves after closing at least 8 mths XX Primary Residence Purchase NA 119057
Resolved-Updated 1008 to reflect correct program.  Finding resolved.  - Due Diligence Vendor-01/10/2022

XXXX     XX Primary Residence Purchase NA 118751
Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-12/05/2021

      XX Primary Residence Purchase NA 119013
Resolved-Income Calculation sheet received.  - Due Diligence Vendor-11/18/2021

XXXX     XX Primary Residence Purchase NA 118750
Resolved-NanQ - Standard 30 yrs Fixed IO Alt Docs - 3 Months bank statement A - Due Diligence Vendor-11/17/2021

XXXX   Lender approval form missing XX Primary Residence Purchase NA 119023
Resolved-The judgment on title was for the seller, it was not the borrower.   - Due Diligence Vendor-12/06/2021

XXXX     XX Investment Purchase NA 117234
Resolved-Lender loan approval received - Due Diligence Vendor-10/22/2021

XXXX     XX Investment Purchase NA 117023
Resolved-Condo rider received - Due Diligence Vendor-10/22/2021

XXXX     XX Investment Purchase NA 117038
Resolved-Title Coverage Amount of $480000 is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Refinance Cash Out - Other 119141
Resolved-The 214.33+84.25= 298.58 which is including the flood insurance.   The PI payment that is being used is the fully amortized payment not the IO payment.   - Due Diligence Vendor-11/17/2021

XXXX   PITI payment on 1008 is incorrect, $84.25 for 2nd policy has been added in twice. P/I payment also incorrect. XX Primary Residence Refinance Cash Out - Other 121365
Resolved-LOE received  - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Refinance Cash Out - Other 119315
  XXXX     XX Primary Residence Purchase NA 124474
Resolved-Received updated 4506 without spouses signature.  - Due Diligence Vendor-12/07/2021

XXXX     XX Primary Residence Purchase NA 124433
  XXXX     XX Primary Residence Purchase NA 124518
  XXXX     XX Primary Residence Purchase NA 124491
Resolved-Loan program is  NanQ - Standard 30 Yrs Fixed Full Docs - 24 Month A - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Purchase NA 124567
Resolved-Client provided CDA - Due Diligence Vendor-12/14/2021

XXXX     XX Investment Refinance Cash Out - Other 121424
Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-11/02/2021

XXXX     XX Investment Refinance Cash Out - Other 121454
Resolved-Borrower has 6 months of reserves and due to that able to go up to 55 percent DTI.   - Due Diligence Vendor-11/17/2021

XXXX   6 months reserves XX Primary Residence Purchase NA 127481
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-11/23/2021

 Rescinded-Borrower 1 3rd Party VOE Prior to Close Missing Not required per GL.  - Due Diligence Vendor-10/12/2021

      XX Primary Residence Purchase NA 123036
Resolved-Appraisal was done on 8/25/2021. License was not set to expire until 9/30/2021. - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Purchase NA 123067
Resolved-Lender provided a Conditional Loan Approval. Finding resolved. See findings upload - Due Diligence Vendor-10/20/2021

XXXX     XX Primary Residence Purchase NA 122952
  XXXX     XX Investment Refinance Cash Out - Other 120833
XXXX
XXXX     XX Investment Refinance Cash Out - Other 120884
XXXX
XXXX     XX Investment Refinance Cash Out - Other 120885
XXXX
XXXX     XX Investment Refinance Cash Out - Other 120886
Resolved-Borrower 1 Ethnicity Selection is Provided - Due Diligence Vendor-12/06/2021

XXXX     XX Investment Refinance Cash Out - Other 120887
Resolved-Client provided SAM report that included Appraiser and Appraisal Company and Title Company, Exception Resolved.  - Due Diligence Vendor-11/10/2021

XXXX     XX Investment Refinance Cash Out - Other 121036
Resolved-Client provided a copy of 1008 and confirmed the DSCR program, Underwriter comments do not indicate Select DSCR NANQ One or DSCR/No Ratio. Finding Resolved.  - Due Diligence Vendor-11/10/2021

 Resolved-1008 received  - Due Diligence Vendor-11/02/2021

XXXX   Lender loan approval missing XX Investment Refinance Cash Out - Other 121046
Resolved-Lender provided a comments and a snip of page 2 of the URAR to confirm:  the 1007 form is not required as the rents information is captured on page 2 of the URAR. Exception resolved.  - Due Diligence Vendor-11/09/2021

XXXX     XX Investment Refinance Cash Out - Other 120893
Resolved-Client provided SSN verification report dated 8/31/21 for B-1, Exception Resolved.  - Due Diligence Vendor-11/09/2021

      XX Investment Refinance Cash Out - Other 121035
Resolved-Loan closed and funded on 9/29/2021 date insurance went into effect.    - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Purchase NA 123384
Resolved-Client provided updated Appraisal - Due Diligence Vendor-12/14/2021

XXXX     XX Primary Residence Purchase NA 123286
XXXX
XXXX     XX Primary Residence Purchase NA 124817
Resolved-Maturity Date is the 1 day of the month - Due Diligence Vendor-11/29/2021

XXXX     XX Investment Refinance Cash Out - Other 142591
Resolved-Total Qualified Assets Post-Close are equal to or greater than $0 (Total Qualified Assets Post-Close are 10285.09) - Due Diligence Vendor-01/06/2022

      XX Investment Purchase NA 136418
Resolved-Property funded on 9/30 so insurance was in effect as of 9/27/21 - Due Diligence Vendor-12/22/2021

XXXX     XX Investment Purchase NA 135335
Resolved-Missing 1008 received - Due Diligence Vendor-12/06/2021

XXXX     XX Investment Purchase NA 145868
Resolved-Received updated bankstatement, dated 85 days from closing, resolved finding - Due Diligence Vendor-12/07/2021

 Resolved-Asset 1 Not Expired - Due Diligence Vendor-12/07/2021

XXXX     XX Investment Refinance Cash Out - Other 143122
Resolved-Updated appraisal received reflecting $3,000 credit for seller concessions and color photos of subject property.   - Due Diligence Vendor-12/22/2021

XXXX     XX Investment Purchase NA 153023
XXXX
XXXX     XX Investment Purchase NA 153011
XXXX
XXXX   Low DTI - under 30%, FICO 801 - 81 points above 720, residual Income at least $9,000 a
month
XX Primary Residence Refinance No Cash Out - Borrower Initiated 152601
Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-12/05/2021

XXXX     XX Primary Residence Refinance No Cash Out - Borrower Initiated 152612
Resolved-Close date was 9/9 disburse date 9/15 Meets the three day wait period .  CD provided.   - Due Diligence Vendor-11/17/2021

XXXX     XX Primary Residence Refinance No Cash Out - Borrower Initiated 151111
Resolved-Income and Employment Meet Guidelines - Due Diligence Vendor-12/22/2021

 Resolved-Income and Employment Meet Guidelines - Due Diligence Vendor-11/09/2021

XXXX     XX Investment Purchase NA 157552
Resolved-PCCD was issued 1/7/2021 and check was issued 1/11/2021 for the tolerance cure in the amount of $16.00. - Due Diligence Vendor-01/12/2022

      XX Investment Purchase NA 237276
Cured-PCCD was issued 1/7/2021 and check was issued 1/11/2021 for the tolerance cure in the amount of $16.00. - Due Diligence Vendor-01/12/2022

      XX Investment Purchase NA 237275
Cured-PCCD was issued 1/7/2021 and check was issued 1/11/2021 for the tolerance cure in the amount of $16.00.  - Due Diligence Vendor-01/12/2022

XXXX     XX Investment Purchase NA 237278
Resolved-This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $0.11.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-01/06/2022

      XX Investment Purchase NA 237277
XXXX
XXXX     XX Investment Purchase NA 157512
Resolved-Per client, This is an Alt-1 loan and FNMA does not require photo ID - Due Diligence Vendor-12/22/2021

      XX Investment Purchase NA 157521
Resolved-Audited Loan Amount of $XXXX is greater than or equal to the Guideline Minimum Loan Amount of $100000 - Due Diligence Vendor-01/19/2022
 Resolved-An exception to the GLs was approved for loan amount of $XXXX. Page 354.
Compensating Factors: Reserves of 6 months, Low LTV under 65%, DSCR at least 1.2  - Due Diligence Vendor-11/10/2021
      XX Investment Refinance Cash Out - Other 161721
Resolved- - Due Diligence Vendor-01/19/2022

 Rescinded-Initial not required for BPL - Due Diligence Vendor-11/11/2021

 Resolved-The Initial 1003 is Present - Due Diligence Vendor-11/10/2021

Initial 1003.pdf

Final 1003.pdf
    XX Investment Refinance Cash Out - Other 160320
Resolved-Document provided - Due Diligence Vendor-11/11/2021

W-9.pdf     XX Investment Refinance Cash Out - Other 161023
Resolved-Doc provided.  - Due Diligence Vendor-11/11/2021

LOE No Affiliations.pdf     XX Investment Refinance Cash Out - Other 160318
Resolved-Client provided updated 1008 and DU.  Finding resolved.  - Due Diligence Vendor-02/01/2022

XXXX     XX Investment Refinance Limited Cash Out - >2% of Loan Amount or $2000 205321
Resolved-Client provided updated 1008 and DU.  Finding resolved.  - Due Diligence Vendor-02/01/2022

 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-02/01/2022

XXXX     XX Investment Refinance Limited Cash Out - >2% of Loan Amount or $2000 203960
Resolved-Client provided initial 1003.  Finding resolved.  - Due Diligence Vendor-01/03/2022

 Resolved-The Initial 1003 is Present - Due Diligence Vendor-01/03/2022

XXXX     XX Investment Refinance Limited Cash Out - >2% of Loan Amount or $2000 203903
Resolved-Credit Report is Provided - Due Diligence Vendor-12/23/2021

XXXX     XX Primary Residence Purchase NA 207705
  XXXX     XX Primary Residence Purchase NA 209961
  XXXX     XX Primary Residence Purchase NA 293555
Resolved-Tolerance variance has been cured.  - Due Diligence Vendor-02/14/2022

      XX Primary Residence Purchase NA 294172
  XXXX     XX Investment Refinance No Cash Out - Borrower Initiated  

 

 

 

Sales Price Primary Appraised Value Value for LTV Primary Appraisal Date Second Appraisal Value Second Appraisal Variance Amount Second Appraisal Variance Percent Second Appraisal Date Second Appraisal Type AVM Appraised Value AVM Variance Amount AVM Variance Percent AVM Confidence Score FSD Score AVM Vendor AVM Appraisal Date Desk Review Appraised Value Desk Review Variance Amount Desk Review Variance Percent Desk Review Company Desk Review Risk Score Desk Review Appraisal Date Desk Top Appraised Value Desk Top Variance Amount Desk Top Variance Percent Desk Top Company Desk Top Appraisal Date BPO Appraised Value BPO Variance Amount BPO Variance Percent BPO Company BPO Appraisal Date Field Review Appraised Value Field Review Variance Amount Field Review Variance Percent Field Review Company Field Review Appraisal Date 2055 Appraised Value 2055 Variance Amount 2055 Variance Percent 2055 Company 2055 Appraisal Date AVE/CMA Appraised Value AVE/CMA Variance Amount AVE/CMA Variance Percent AVE/CMA Company AVE/CMA Appraisal Date Updated Appraised Value Updated Variance Amount Updated Variance Percent Updated Company Updated Appraisal Date Updated Appraisal Type Loan Collateral Advisor Risk Score Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor? Collateral Underwriter Risk Score
XXXX XXXX XXXX 04-24-2021                         XXXX 0.0 .000 XXXX Moderate Risk 11-05-2021                                                                   N/A
XXXX XXXX XXXX 07-20-2021                         XXXX 0.0 .000 XXXX 1.0 07-20-2021                                                                   N/A
XXXX XXXX XXXX 09-09-2021                         XXXX 0.0 .000 XXXX 2.0 09-09-2021                                                                   N/A
XXXX XXXX XXXX 07-15-2021                         XXXX 0.0 .000 XXXX 1.0 07-15-2021                                                                   N/A
XXXX XXXX XXXX 09-08-2021                         XXXX 0.0 .000 XXXX Reasonable 09-22-2021                                                                   N/A
XXXX XXXX XXXX 08-30-2021                         XXXX 0.0 .000 XXXX 1.9 08-30-2021                                                                   N/A
XXXX XXXX XXXX 08-30-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-08-2021                                                                   N/A
XXXX XXXX XXXX 09-11-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-23-2021                                                                   N/A
XXXX XXXX XXXX 08-24-2021                         XXXX 0.0 .000 XXXX 1.0 08-24-2021                                                                   N/A
XXXX XXXX XXXX 08-30-2021                         XXXX 0.0 .000 XXXX 1.0 08-30-2021                                                                   N/A
XXXX XXXX XXXX 09-15-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-20-2021                                                                   N/A
XXXX XXXX XXXX 08-11-2021                         XXXX 0.0 .000 XXXX 1.0 08-11-2021                                                                   N/A
XXXX XXXX XXXX 08-25-2021                         XXXX 0.0 .000 XXXX 1.0 08-25-2021                                                                   N/A
XXXX XXXX XXXX 06-30-2021                         XXXX 0.0 .000 XXXX Moderate Risk 09-21-2021                                                                   N/A
XXXX XXXX XXXX 08-25-2021                         XXXX 0.0 .000 XXXX Moderate Risk 09-23-2021                                                                   N/A
XXXX XXXX XXXX 08-18-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-08-2021                                                                   N/A
XXXX XXXX XXXX 09-15-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-15-2021                                                                   N/A
XXXX XXXX XXXX 09-27-2021 XXXX 45000.0 .022 08-24-2021 1004 URAR               XXXX                                                                             N/A
XXXX XXXX XXXX 06-24-2021 XXXX 97000.0 .111 06-27-2021 1004 URAR               XXXX                                                                             N/A
XXXX XXXX XXXX 08-29-2021                         XXXX 0.0 .000 XXXX 1.0 08-29-2021                                                                   N/A
XXXX XXXX XXXX 08-24-2021                         XXXX 0.0 .000 XXXX Reasonable 09-11-2021                                                                   N/A
XXXX XXXX XXXX 08-17-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-12-2021                                                                   N/A
XXXX XXXX XXXX 08-30-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 08-30-2021                                                                   N/A
XXXX XXXX XXXX 09-03-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-18-2021                                                                   N/A
XXXX XXXX XXXX 08-31-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 08-31-2021                                                                   N/A
XXXX XXXX XXXX 07-29-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 07-29-2021                                                                   N/A
XXXX XXXX XXXX 08-17-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 08-17-2021                                                                   N/A
XXXX XXXX XXXX 09-08-2021                         XXXX 0.0 .000 XXXX 1.0 09-08-2021                                                                   N/A
XXXX XXXX XXXX 08-24-2021                         XXXX 0.0 .000 XXXX 1.0 08-24-2021                                                                   N/A
XXXX XXXX XXXX 08-06-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 08-06-2021                                                                   N/A
XXXX XXXX XXXX 07-27-2021                         XXXX 0.0 .000 XXXX Excellent Risk 07-27-2021                                                                   N/A
XXXX XXXX XXXX 09-01-2021                         XXXX 0.0 .000 XXXX 1.0 09-01-2021                                                                   N/A
XXXX XXXX XXXX 08-25-2021                         XXXX 0.0 .000 XXXX 1.0 08-25-2021                                                                   N/A
XXXX XXXX XXXX 08-05-2021                         XXXX 0.0 .000 XXXX 1.0 08-05-2021                                                                 Not Eligible 1
XXXX XXXX XXXX 09-05-2021                         XXXX 0.0 .000 XXXX 1.0 09-05-2021                                                                 Eligible 1
XXXX XXXX XXXX 07-31-2021 XXXX 100000.0 .010 07-31-2021 1004 URAR               XXXX 100000.0 .010 XXXX Reasonable Risk 11-09-2021                                                                 Not Eligible N/A
XXXX XXXX XXXX 08-23-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-11-2021                                                                 Not Eligible 1.3
XXXX XXXX XXXX 08-18-2021                         XXXX 0.0 .000 XXXX Reasonable Risk 09-15-2021                                                                 Eligible 2.6
XXXX XXXX XXXX 08-02-2021                         XXXX 0.0 .000 XXXX 1.0 08-02-2021                                                                 Not Eligible 1
XXXX XXXX XXXX 09-06-2021                         XXXX 0.0 .000 XXXX Reasonable Risk  09-06-2021                                                                 Eligible 2.6
XXXX XXXX XXXX 07-04-2021                         XXXX                                                                           Not Eligible 1
XXXX XXXX XXXX 10-17-2020                         XXXX 0.0 .000 XXXX Moderate Risk 04-12-2021                                                                 Not Eligible 3.3

 

 

 

Loan ID Customer Loan ID Loan Identifier TILA Status Application Date TRID GSE HOEPA Fees TILA Fees Rate Lock Date Calculated APR Qualifying P&I Qualifying Rate Is Borrower Non Occupant Is Co Borrower Non Occupant Borrower Employment Indicator Co Borrower Employment Indicator Co Borrower 2 Employment Indicator Co Borrower 3 Employment Indicator Co Borrower2 Length of Employment Co Borrower3 Length of Employment Borrower Citizenship Indicator Co Borrower Citizenship Indicator Co Borrower 2 Citizenship Indicator Co Borrower 3 Citizenship Indicator Borrower Country Name Co Borrower Country Name Co Borrower 2 Country Name Co Borrower 3 Country Name Residual Income Num Units Annual Property Tax Annual Insurance Costs HOA Name HOA Address State HOA Fee Amount HOA Next Due Date HOA Payment Frequency Investor DTI QM DTI Non QM DTI Original Credit Report Date Qualifying Credit Score Third Wage Earner Original FICO Equifax Third Wage Earner Original FICO Experian Third Wage Earner Original FICO Transunion Fourth Wage Earner Original FICO Equifax Fourth Wage Earner Original FICO Experian Fourth Wage Earner Original FICO Transunion Most Recent Updated Credit Report Date Third Wage Earner Updated FICO Equifax Third Wage Earner Updated FICO Experian Third Wage Earner Updated FICO Transunion Fourth Wage Earner Updated FICO Equifax Fourth Wage Earner Updated FICO Experian Fourth Wage Earner Updated FICO Transunion Most Recent Updated Co Borrower 2 FICO Most Recent Updated Co Borrower 3 FICO Co Borrower 2 Asset Verification Level Co Borrower 3 Asset Verification Level Co Borrower 2 Income Verification Level Co Borrower 3 Income Verification Level Co Borrower 2 Employment Verification Level Co Borrower 3 Employment Verification Level Asset Depletion Flag Bank Statements Flag Number of Statements Type of Statements Percent of Income From Statements Borrower Business Ownership % CoBorrower Business Ownership % P&L Type Income Doc Detail Tax Return Doc Details Document Level Most Recent Bankruptcy Type Most Recent Bankruptcy Filing Date Most Recent Bankruptcy Discharge Date Number of Bankruptcy Events Months Bankruptcy 7 11  Months Bankruptcy 13  Most Recent Deed in Lieu Date Number of Deed in Lieu Events Months Deed in Lieu Most Recent Short Sale Date Number of Short Sale Events Months Short Sale (or Pre FC)  Most Recent Foreclosure Date Number of Foreclosure Events Months Foreclosure Prior Mortgage/Rent Late 30d in 24m  Prior Mortgage/Rent Late 60d in 24m  Prior Mortgage/Rent Late 90d in 24m  Has ACH Guideline Name UW Guideline Author QM Regulation Failures ATR QM Total Points and Fees Audit Loan Regulation Benchmark Date Benchmark Rate HUD 1 Page 1 Credits Total Collateral Underwriter Risk Score AUS Decision System Property Inspection Waiver (PIW) Rating Result Eligible For Rep and Warrant Relief Per Collateral Advisor Is Equity Shared Loan Investor Qualifying Rate Borrower Years of W2s CoBorrower Years of W2s Years of Personal Tax Returns Years of Business Tax Returns Years of 4506T Years of Tax Transcripts Months of Personal Bank Statements Months of Business Bank Statements Months of Profit and Loss Statements Expense Letter DSCR Inverse DSCR Subordinate Lien Type Is Shared Appreciation Mortgage CPA Letter Flag # of Months CPA verified income WVOE Flag # of Months WVOE Right to Cancel Form Type
xxxxxx2095 XXXX 22NQM2 - 464 ATR/QM: Exempt XXXX No No   $6,004.82 06/28/2021   $1,037.99 4.250% Yes Yes             US Citizen       United States         3 XXXX $2,952.96 XXXX NJ $0.00   Monthly 0.00% 0.00% 0.00% 05/15/2021 800             05/15/2021                             No No 0   0.00% 100.00%     Borrower - Subject Property Net Rental Income(Loss) if NOO || Co Borrower - Subject Property Net Rental Income(Loss) if NOO Borrower || Co Borrower Debt Service Coverage Ratio       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation           Manual Underwriting No Manual Underwriting Not Eligible No 4.25 0 0 0 0 0 0         1.760   N/A No NA   No   N/A
xxxxxx3997 XXXX 22NQM2 - 465 Non-QM: Lender documented all ATR UW factors XXXX Yes No 6962.11 $9,211.21 07/08/2021 6.085% $1,429.77 5.999% No   Self-Employed           US Citizen       United States         1 XXXX $1,272.96 XXXX NJ $0.00   Monthly 29.13% 28.83% 28.83% 08/12/2021 781             08/12/2021                             No Yes 12 Business 100.00% 100.00%     Borrower - SESoleProprietor - CPA Letter Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 6962.11 07/05/2021 3.030%   1 Manual Underwriting No Manual Underwriting Not Eligible No 5.99 0 0 0 0 0 0   12     0.000     No Yes 12 No   N/A
xxxxxx6995 XXXX 22NQM2 - 466 ATR/QM: Exempt XXXX No No   $0.00 09/27/2021   $1,116.08 5.750% Yes               US Citizen       United States         1 XXXX $1,103.04 XXXX TX $0.00   Monthly 0.00% 0.00% 0.00% 07/20/2021 715             07/20/2021                             No No 0           Borrower Borrower Debt Service Coverage Ratio       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation         2 Manual Underwriting No Manual Underwriting Eligible No 5.750 0 0 0 0 0 0         1.210     No NA   No   N/A
xxxxxx4829 XXXX 22NQM2 - 467 Non-QM: Lender documented all ATR UW factors XXXX Yes No 16255 $18,060.69 08/11/2021 3.556% $6,716.87 3.499% No   Self-Employed           US Citizen       United States       $51,354.59 1 XXXX $1,209.96 XXXX CA $215.00   Monthly 41.62% 40.51% 40.51% 07/02/2021 780             07/02/2021                             No Yes 12 Business 100.00% 50.00%     Borrower - SECorporation - CPA Letter Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 16255 08/09/2021 2.820%   1 Manual Underwriting No Manual Underwriting Eligible No 3.499 0 0 0 0 0 0   12     0.000     No Yes 30 No   H9 (Same Creditor)
xxxxxx6996 XXXX 22NQM2 - 468 Non-QM: Lender documented all ATR UW factors XXXX Yes No 8394 $10,176.70 09/10/2021 5.926% $2,731.12 5.750% No   Self-Employed           US Citizen       United States         1 XXXX $1,098.96 XXXX CA $0.00   Monthly 33.31% 33.09% 33.09% 08/17/2021 713             08/17/2021                             No No 12 Business 0.00% 100.00%     Borrower - SECorporation - 12 Business Bank Statements Verified Borrower ALT DOC       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 8394 09/06/2021 2.920%   1 Manual Underwriting No Manual Underwriting Eligible No 5.75 0 0 0 0 0 0   12     0.000     No NA   No   N/A
xxxxxx5037 XXXX 22NQM2 - 469 Non-QM: Lender documented all ATR UW factors XXXX Yes No 3835 $3,942.22 09/16/2021 5.653% $1,328.48 5.499% No   Self-Employed           US Citizen       United States         1 XXXX $1,925.04 XXXX TX $25.83   Annually 29.82% 30.50% 30.50% 07/20/2021 763             07/20/2021                             No Yes 12 Business 100.00% 100.00%     Borrower - SESCorp - CPA Letter Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 3835 09/13/2021 2.930%   1.9 Manual Underwriting No Manual Underwriting   No 5.499 0 0 0 0 0 0   12     0.000     No Yes 24 No   N/A
xxxxxx5982 XXXX 22NQM2 - 470 ATR/QM: Exempt XXXX No No   $3,589.62 09/16/2021   $1,824.99 4.999% Yes               US Citizen       United States         3 XXXX $1,173.72 XXXX CA $0.00   Monthly 0.00% 0.00% 0.00% 06/23/2021 713             06/23/2021                             No No 0           Borrower Borrower Debt Service Coverage Ratio       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation       $0.00   Manual Underwriting No Manual Underwriting   No 5.125 0 0 0 0 0 0         1.480   N/A No NA   No   N/A
xxxxxx6378 XXXX 22NQM2 - 471 Non-QM: Lender documented all ATR UW factors XXXX Yes No 31155 $32,997.34 09/17/2021 5.460% $11,309.87 8.375% No   Self-Employed           US Citizen       United States       $58,851.23 1 XXXX $3,708.96 XXXX GA $0.00   Monthly 25.12% 33.01% 25.77% 08/25/2021 619             08/25/2021                             No Yes 12 Personal 100.00% 100.00%     Borrower - SESoleProprietor - CPA Letter Verified, Written VOE Verified, 12 Personal Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 31155   0.000%   3.2 Manual Underwriting No Manual Underwriting Not Eligible No 8375 0 0 0 0 0 0 12       0.000     No Yes 84 Yes 24 N/A
xxxxxx7651 XXXX 22NQM2 - 472 Non-QM: Lender documented all ATR UW factors XXXX Yes No 8095 $9,258.12 09/17/2021 4.931% $2,220.44 4.875% No   Self-Employed           US Citizen       United States       $3,793.03 1 XXXX $1,403.04 XXXX MA $0.00   Monthly 56.85% 56.44% 56.44% 07/22/2021 762             07/22/2021                             No No 3 Personal 0.00% 100.00%   Audited Borrower - SESoleProprietor - YTD Profit And Loss Verified, 1 Month Personal Bank Statements Verified Borrower 3 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 8095 09/13/2021 2.930%   1 Manual Underwriting No Manual Underwriting Eligible No 6.817 0 0 0 0 0 0 3   12   0.000     No NA   No   N/A
xxxxxx7018 XXXX 22NQM2 - 473 Non-QM: Lender documented all ATR UW factors XXXX No No   $0.00 09/28/2021   $3,472.65 6.250% Yes   Self-Employed           US Citizen       United States         1 XXXX $612.96 XXXX CA $515.00   Monthly 6.76% 5.68% 5.68% 09/09/2021 696             09/09/2021                             No Yes 12 Business 100.00% 100.00%     Borrower - SESCorp - CPA Letter Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation       $0.00   Manual Underwriting No Manual Underwriting Not Eligible No 6.250 0 0 0 0 0 0   12     0.000     No Yes 56 No   N/A
xxxxxx7310 XXXX 22NQM2 - 474 Non-QM: Lender documented all ATR UW factors XXXX Yes No 6295 $7,135.00 09/21/2021 3.401% $2,122.06 3.375% No   Self-Employed           US Citizen       United States         1 XXXX $3,582.96 XXXX CA $0.00   Monthly 49.40% 50.64% 50.64% 09/01/2021 785             09/01/2021                             No Yes 13 Personal,Business 100.00% 100.00%     Borrower - SESoleProprietor - CPA Letter Verified, 1 Month Personal Bank Statements Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 6295 09/20/2021 2.910%   3.3 Manual Underwriting No Manual Underwriting Eligible No 3.375 0 0 0 0 0 0 1 12     0.000   N/A No Yes 36 No   H8 (New Creditor)
xxxxxx6830 XXXX 22NQM2 - 475 ATR/QM: Exempt XXXX No No   $0.00 08/20/2021   $1,927.06 4.975% Yes               US Citizen       United States         1 XXXX $4,212.96 XXXX FL $0.00   Monthly 0.00% 0.00% 0.00% 07/26/2021 740             07/26/2021                             No No 0           Borrower Borrower Debt Service Coverage Ratio       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation       $0.00 1 Manual Underwriting No Manual Underwriting Not Eligible No 4.975 0 0 0 0 0 0         0.790   N/A No NA   No   N/A
xxxxxx6626 XXXX 22NQM2 - 476 Non-QM: Lender documented all ATR UW factors XXXX Yes No 11521.56 $13,020.16 09/02/2021 5.565% $2,111.23 5.499% No   Employed           Non Permanent Resident Alien       Bolivia         1 XXXX $678.00 XXXX VA $80.18   Annually 45.09% 45.51% 45.51% 08/18/2021 772             08/18/2021                             No No 4 Personal 100.00% 100.00%     Borrower - Wage - Written VOE Verified, Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 6 Personal Bank Statements Verified Borrower - Executed 4506T Verified, 2 YRS IRS Transcripts Verified Written Verification of Employment       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 11521.56 08/30/2021 2.920%   1 Manual Underwriting No Manual Underwriting Eligible No 5.499 0 0 0 0 1 2 4       0.000   N/A No NA   Yes 24 N/A
xxxxxx6147 XXXX 22NQM2 - 477 ATR/QM: Exempt XXXX No No   $0.00     $940.47 3.875% Yes Yes             US Citizen US Citizen     United States United States       2 XXXX $21,123.96 XXXX NJ $0.00   Monthly 0.00% 0.00% 0.00% 08/11/2021 783             08/11/2021                             No No 0           Borrower || Co Borrower Borrower || Co Borrower Debt Service Coverage Ratio       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation       $0.00   Manual Underwriting No Manual Underwriting Not Eligible No 3.875 0 0 0 0 0 0         0.930   N/A No NA   No   N/A
xxxxxx6355 XXXX 22NQM2 - 478 Non-QM: Lender documented all ATR UW factors XXXX Yes No 11714 $14,404.25 09/02/2021 5.343% $2,716.84 5.250% No   Self-Employed           US Citizen       United States         1 XXXX $2,398.32 XXXX IL $0.00   Monthly 50.65% 50.66% 50.66% 08/02/2021 722             08/02/2021                             No Yes 12 Business 100.00% 100.00%     Borrower - SECorporation - CPA Letter Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 11714 08/30/2021 2.920%   2.7 Manual Underwriting No Manual Underwriting Not Eligible No 5.25 0 0 0 0 0 0   12     0.000     No Yes 24 No   N/A
xxxxxx6920 XXXX 22NQM2 - 479 ATR/QM: Exempt XXXX No No   $0.00     $2,572.85 4.250% Yes Yes             US Citizen       United States         3 XXXX $1,290.96 XXXX NJ $0.00   Monthly 0.00% 0.00% 0.00% 08/27/2021 724             08/27/2021                             No No 0           Borrower || Co Borrower Borrower || Co Borrower Debt Service Coverage Ratio       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation       $0.00   Manual Underwriting No Manual Underwriting Not Eligible No 4.25 0 0 0 0 0 0       N/A 1.640     No NA   No   N/A
xxxxxx7017 XXXX 22NQM2 - 480 Non-QM: Lender documented all ATR UW factors XXXX Yes No 5595 $6,071.52 09/14/2021 3.769% $3,473.37 3.750% No   Self-Employed           US Citizen       United States         3 XXXX $1,994.04 XXXX CA $0.00   Monthly 24.59% 24.35% 24.35% 08/23/2021 759             08/23/2021                             No Yes 15 Personal,Business 100.00% 100.00%     Borrower - SESoleProprietor - Written VOE Verified, 6 Personal Bank Statements Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 5595 09/13/2021 2.930%     Manual Underwriting No Manual Underwriting   No 3.75 0 0 0 0 0 0 3 12   N/A 0.000     No NA   Yes 36 N/A
xxxxxx7223 XXXX 22NQM2 - 481 Non-QM: Lender documented all ATR UW factors XXXX Yes No 26034 $27,309.24 09/14/2021 4.007% $7,847.76 3.999% No No Employed Not Employed         US Citizen US Citizen     United States United States       1 XXXX $2,972.16 XXXX CA $0.00   Monthly 36.80% 36.81% 36.81% 08/13/2021 800             08/13/2021                             No No 12 Personal 0.00% 100.00%     Borrower - 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, Written VOE Verified, 2 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 12 Personal Bank Statements Verified || Co Borrower - 2 YRS Executed 4506T Verified Borrower - 2 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified || Co Borrower - 2 YRS Executed 4506T Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 26034 09/13/2021 2.930%   3.5 Manual Underwriting No Manual Underwriting Eligible No 3.999 2 0 0 0 2 2 12       0.000     No NA   Yes   N/A
xxxxxx2306 XXXX 22NQM2 - 482 Non-QM: Lender documented all ATR UW factors XXXX Yes No 14504 $15,648.00 08/04/2021 5.283% $3,647.03 5.250% No   Self-Employed           US Citizen       United States         1 XXXX $1,608.00 XXXX WA $50.00   Annually 28.77% 28.77% 28.77% 09/22/2021 712             09/22/2021                             No Yes 13 Personal,Business 100.00% 100.00%     Borrower - SECorporation - CPA Letter Verified, 1 Month Personal Bank Statements Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 14504 08/02/2021 2.850%   3.2 Manual Underwriting No Manual Underwriting Eligible No 5.25 0 0 0 0 0 0 1 12     0.000     No Yes 12 No   N/A
xxxxxx5703 XXXX 22NQM2 - 483 Non-QM: Lender documented all ATR UW factors XXXX Yes No 9005 $9,453.46 09/10/2021 4.523% $3,251.54 4.499% No No Employed Self-Employed         US Citizen US Citizen     United States United States       1 XXXX $1,188.96 XXXX CA $0.00   Monthly 34.71% 34.17% 34.17% 08/02/2021 739             08/02/2021                             No No 12 Business 0.00% 0.00%     Borrower - SESCorp - Written VOE Verified, 12 Business Bank Statements Verified || Co Borrower - SESCorp - 12 Business Bank Statements Verified Borrower || Co Borrower Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 9005 09/06/2021 2.920%   1 Manual Underwriting No Manual Underwriting Eligible No 6.508 0 0 0 0 0 0   12   N/A 0.000     No NA   Yes 32 H9 (Same Creditor)
xxxxxx1641 XXXX 22NQM2 - 484 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $12,222.44 08/12/2021 2.979% $1,244.68 2.875% No No Employed Employed         US Citizen US Citizen     United States United States       1 XXXX $564.48 XXXX CA $0.00   Monthly 37.64% 37.65% 37.65% 09/14/2021 785             09/14/2021                             No No 0 Personal 0.00%       Borrower - Wage - null Personal Tax Returns Verified, 2 YRS W2 1099 Verified, Written VOE Verified, 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified, 1 Month Personal Bank Statements Verified || Co Borrower - Wage - null Personal Tax Returns Verified, 2 YRS W2 1099 Verified, Written VOE Verified, 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified, 1 Month Personal Bank Statements Verified Borrower - null Personal Tax Returns Verified, 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified || Co Borrower - null Personal Tax Returns Verified, 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation   08/09/2021 2.820%   1 Manual Underwriting No Manual Underwriting Eligible No 2.875 2 2   0 3 3 0       0.000     No NA   Yes 60 N/A
xxxxxx5837 XXXX 22NQM2 - 485 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $12,793.16 08/13/2021 3.588% $1,604.21 3.500% Yes   Employed           US Citizen       United States         1 XXXX $1,138.80 XXXX CA $0.00   Monthly 37.86% 37.53% 37.53% 08/05/2021 738             08/05/2021                             No No 0   0.00% 100.00%     Borrower - Wage, Other REO Net Rental Income(Loss) - Written VOE Verified Borrower Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 12132.21 08/09/2021 2.820%   1 Manual Underwriting No Manual Underwriting Eligible No 3.5 0 0 0 0 0 0       N/A 0.000     No NA   Yes 31 N/A
xxxxxx6152 XXXX 22NQM2 - 486 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $10,657.09 09/16/2021   $1,761.50 3.625% Yes   Self-Employed           US Citizen       United States         1 XXXX $819.96 XXXX CA $0.00   Monthly 39.21% 39.43% 39.43% 07/13/2021 772             07/13/2021                             No No 3 Personal 0.00% 100.00%     Borrower - Wage - 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, 1 Month Personal Bank Statements Verified Borrower Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation         1 Manual Underwriting No Manual Underwriting Eligible No 3.625 2 0 0 0 0 0 3       0.000     No NA   No   N/A
xxxxxx6578 XXXX 22NQM2 - 487 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $4,027.32 09/02/2021 3.077% $1,944.22 2.875% Yes Yes Retired Retired Employed   4   US Citizen US Citizen US Citizen   United States United States United States     1 XXXX $1,121.52 XXXX CA $0.00   Monthly 34.63% 35.80% 35.80% 08/17/2021 721 721 712 721       08/17/2021             721   1 - Not Stated Not Verified           No No 2 Personal 0.00% 100.00%     Borrower - Wage - 1 YR W2 1099 Verified, 1 Month Personal Bank Statements Verified || Co Borrower - Wage - 1 YR W2 1099 Verified, 1 Month Personal Bank Statements Verified || Co Borrower 2 - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified Borrower || Co Borrower || Co Borrower 2 Full Doc       0       0     0     0   0   0   XXXX XXXX Appendix Q Documentation     0.000%   1 Manual Underwriting No Manual Underwriting Missing No 2.875 1 1 0 0 0 0 2       0.000   N/A No NA   No   N/A
xxxxxx7123 XXXX 22NQM2 - 488 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $21,959.96 09/15/2021 3.764% $2,389.71 3.625% No Yes Self-Employed Employed         US Citizen US Citizen     United States United States       1 XXXX $1,302.96 XXXX CA $0.00   Monthly 27.76% 27.99% 27.99% 08/10/2021 760             08/10/2021                             No No 0   0.00% 100.00%   Borrower Prepared Borrower - Other REO Net Rental Income(Loss), SESoleProprietor - 2 YRS Personal Tax Returns Verified, CPA Letter Verified, YTD Profit And Loss Verified, Executed 4506T Verified || Co Borrower - Other REO Net Rental Income(Loss), SESoleProprietor - 2 YRS Business Tax Returns Verified, 3 YRS Executed 4506T Verified Borrower - 2 YRS Personal Tax Returns Verified, Executed 4506T Verified || Co Borrower - 2 YRS Business Tax Returns Verified, 3 YRS Executed 4506T Verified ALT DOC       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation   09/13/2021 2.930%   1 Manual Underwriting No Manual Underwriting Eligible No 3.625 0 0 2 0 3 0     8   0.000     No Yes 24 No   N/A
xxxxxx3145 XXXX 22NQM2 - 489 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $15,665.29 07/12/2021   $2,027.04 2.500% Yes   Employed           US Citizen       United States         1 XXXX $572.04 XXXX CA $0.00   Monthly 21.16% 21.16% 21.16% 09/13/2021 802             09/13/2021                             No No 24 Personal 0.00% 0.00%     Borrower - Wage - Balance Sheet Verified, Written VOE Verified, 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified, 24 Months Personal Bank Statements Verified, Lease Agreements Verified Borrower - 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation         1 Manual Underwriting No Manual Underwriting Eligible No 2.500 0 0 0 0 3 3 24     N/A 0.000     No NA   Yes   N/A
xxxxxx5419 XXXX 22NQM2 - 490 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $12,054.50 08/26/2021 3.451% $1,768.38 3.375% Yes   Employed           US Citizen       United States         2 XXXX $897.00 XXXX CA $0.00   Monthly 39.01% 38.28% 38.28% 07/26/2021 813             07/26/2021                             No No 0   0.00% 0.00%     Borrower - Other, Wage, Other REO Net Rental Income(Loss) - 2 YRS Personal Tax Returns Verified Borrower - 2 YRS Personal Tax Returns Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation   08/23/2021 2.910%     Manual Underwriting No Manual Underwriting Not Eligible No 3.375 0 0 2 0 0 0         0.000   N/A No NA   No   N/A
xxxxxx7149 XXXX 22NQM2 - 491 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $8,150.33 09/14/2021 4.257% $1,549.61 4.250% Yes Yes Employed Employed         US Citizen US Citizen     United States United States       1 XXXX $615.00 XXXX CA $0.00   Monthly 40.99% 41.00% 22.67% 08/12/2021 696             08/12/2021                             No No 2 Personal 0.00% 100.00%     Borrower - Wage - 2 YRS W2 1099 Verified, Written VOE Verified, 1 Month Personal Bank Statements Verified, Lease Agreements Verified || Co Borrower - Wage - 2 YRS W2 1099 Verified, Written VOE Verified, 1 Month Personal Bank Statements Verified, Lease Agreements Verified Borrower || Co Borrower Full Doc       0       0     0     0   1 0 0   XXXX XXXX Appendix Q Documentation   09/13/2021 2.930%   1 Manual Underwriting No Manual Underwriting Eligible No 4.250 2 2 0 0 0 0 2       0.000     No NA   Yes   N/A
xxxxxx6132 XXXX 22NQM2 - 492 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $6,276.36 08/11/2021 3.611% $2,061.12 3.500% Yes   Self-Employed           US Citizen       United States         1 XXXX $1,475.04 XXXX CA $0.00   Monthly 38.07% 38.07% 38.07% 08/11/2021 767             08/11/2021                             No No 3 Personal 0.00% 0.00%     Borrower - Wage - 2 YRS Personal Tax Returns Verified, 2 YRS Business Tax Returns Verified, CPA Letter Verified, 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, Written VOE Verified, 6 Personal Bank Statements Verified, 1040 Schedule E Verified Borrower - 2 YRS Personal Tax Returns Verified, 2 YRS Business Tax Returns Verified, 1040 Schedule E Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation   08/09/2021 2.820%   1 Manual Underwriting No Manual Underwriting Eligible No 3.5 2 0 2 2 0 0 3       0.000   N/A No Yes 24 Yes 74 N/A
xxxxxx2688 XXXX 22NQM2 - 493 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $6,892.22 08/26/2021   $912.10 3.625% Yes Yes Not Employed Employed         US Citizen US Citizen     United States United States       1 XXXX $1,517.04 XXXX CA $0.00   Monthly 42.38% 41.89% 41.89% 05/21/2021 683             05/21/2021                             No No 2 Personal 0.00% 100.00%     Borrower - Wage - 1 Month Personal Bank Statements Verified, Lease Agreements Verified || Co Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, 3 YRS Executed 4506T Verified Borrower || Co Borrower - 3 YRS Executed 4506T Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation         1 Manual Underwriting No Manual Underwriting Not Eligible Yes 3.625 0 2 0 0 3 0 2       0.000     Unknown NA   No   N/A
xxxxxx4896 XXXX 22NQM2 - 494 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $9,488.76 08/20/2021   $2,559.55 3.500% Yes   Employed           US Citizen       United States         1 XXXX $891.96 XXXX CA $0.00   Monthly 31.28% 31.28% 31.28% 07/26/2021 748             07/26/2021                             No No 4 Personal 0.00% 0.00%     Borrower - Other - 2 YRS Personal Tax Returns Verified, 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, Written VOE Verified, 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 1 Month Personal Bank Statements Verified Borrower - 2 YRS Personal Tax Returns Verified, 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation         2.6 Manual Underwriting No Manual Underwriting Not Eligible No 3.5 2 0 2 0 3 2 4     N/A 0.000   N/A No NA   Yes 24 N/A
xxxxxx6288 XXXX 22NQM2 - 495 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $6,143.76 08/18/2021   $1,054.13 3.500% Yes Yes Employed Employed         Non Permanent Resident Alien Non Permanent Resident Alien     India India       1 XXXX $705.00 XXXX NV $0.00   Monthly 27.21% 27.10% 27.10% 08/03/2021 756             08/03/2021                             No No 3 Personal 0.00% 100.00%     Borrower - Wage - 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, 1 Month Personal Bank Statements Verified || Co Borrower - Wage - 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, 1 Month Personal Bank Statements Verified Borrower || Co Borrower Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 5690 08/16/2021 2.920%   1 Manual Underwriting No Manual Underwriting Eligible No 3.5 2 2 0 0 0 0 3       0.000     No NA   No   N/A
xxxxxx6265 XXXX 22NQM2 - 496 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $10,634.87 09/03/2021 4.421% $1,129.49 4.250% Yes   Employed           US Citizen       United States         1 XXXX $2,538.00 XXXX FL $0.00   Monthly 22.92% 22.61% 23.00% 05/31/2021 666             05/31/2021                             No No 2 Personal 0.00% 0.00%     Borrower - Wage - 1 YR W2 1099 Verified, 2+ Months Paystubs Verified, Written VOE Verified, 1 Month Personal Bank Statements Verified, Lease Agreements Verified Borrower Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation   08/30/2021 2.920%   1 Manual Underwriting No Manual Underwriting Eligible No 4.25 1 0 0 0 0 0 2       0.000     No NA   Yes   N/A
xxxxxx5130 XXXX 22NQM2 - 497 Non-QM: Lender documented all ATR UW factors XXXX Yes No 11767 $12,927.89 07/28/2021 2.693% $3,534.52 2.625% No   Employed           US Citizen       United States         1 XXXX $1,428.00 XXXX CA $41.67   Annually 31.00% 31.00% 31.00% 07/08/2021 801             07/08/2021                             No No 2 Personal 100.00% 100.00%     Borrower - Wage - 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, Written VOE Verified, 2 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 1 Month Personal Bank Statements Verified Borrower - 2 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified Written Verification of Employment       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 11767 07/26/2021 2.830%   1 Manual Underwriting No Manual Underwriting Not Eligible No 2.625 2 0 0 0 2 2 2       0.000     No NA   Yes 228 H8 (New Creditor)
xxxxxx5713 XXXX 22NQM2 - 498 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $5,242.33 08/18/2021   $1,373.60 4.125% Yes Yes Employed Employed         US Citizen US Citizen     United States United States       1 XXXX $414.96 XXXX NV $198.00   Monthly 45.08% 44.29% 46.00% 09/14/2021 768             09/14/2021                             No No 0   0.00% 0.00%     Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, Written VOE Verified, 3 YRS Executed 4506T Verified || Co Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, 3 YRS Executed 4506T Verified Borrower - 3 YRS Executed 4506T Verified || Co Borrower - 3 YRS Executed 4506T Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation   08/16/2021 2.920%   1 Manual Underwriting No Manual Underwriting Eligible No 4.125 2 2 0 0 3 0         0.000     No NA   Yes 15 N/A
xxxxxx4983 XXXX 22NQM2 - 572 ATR/QM: Exempt XXXX No No   $0.00 09/08/2021   $23,619.75 4.499% Yes Yes             US Citizen US Citizen     United States United States       1 XXXX $6,544.56 XXXX CA $0.00   Monthly 0.00% 0.00% 0.00% 07/26/2021 741             07/26/2021                             No No 0           Borrower || Co Borrower Borrower || Co Borrower Debt Service Coverage Ratio       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation       $0.00   Manual Underwriting No Manual Underwriting   No 6.508 0 0 0 0 0 0         1.450   N/A No NA   No   N/A
xxxxxx6096 XXXX 22NQM2 - 499 ATR/QM: Exempt XXXX Yes Yes   $6,920.02 09/03/2021   $827.73 3.625% Yes   Self-Employed           US Citizen       United States         1 XXXX $1,253.04 XXXX CA       33.13% 34.02% 34.02% 08/09/2021 677             08/09/2021                             No No 6 Personal,Business 0.00% 100.00%     Borrower - Other, Other REO Net Rental Income(Loss), SESoleProprietor - 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 1 Month Personal Bank Statements Verified, 1 Month Business Bank Statements Verified, 1040 Schedule E Verified Borrower - 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 1040 Schedule E Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 6671.94 08/30/2021 2.920%     DU No Approve Eligible   No 3.625 0 0 0 0 3 2 3 3     0.000     No NA   No   N/A
xxxxxx5298 XXXX 22NQM2 - 500 Non-QM: Lender documented all ATR UW factors XXXX Yes No 6395 $7,151.05 09/09/2021 3.269% $3,133.49 3.250% No No Employed Employed         US Citizen US Citizen     United States United States       1 XXXX $1,007.04 XXXX TX $200.00     24.38% 24.32% 24.32% 06/02/2021 764             06/02/2021                             No No 6 Personal 0.00% 0.00%     Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, 1 YR Executed 4506T Verified, 6 Personal Bank Statements Verified || Co Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, 1 YR Executed 4506T Verified, 6 Personal Bank Statements Verified Borrower - 1 YR Executed 4506T Verified || Co Borrower - 1 YR Executed 4506T Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 6395 09/06/2021 2.920%     Manual Underwriting No Manual Underwriting   No 3.250 2 2 0 0 1 0 6       0.000   N/A No NA   No   N/A
xxxxxx6081 XXXX 22NQM2 - 501 Non-QM: Lender documented all ATR UW factors XXXX Yes No 7311.39 $10,272.79 08/27/2021 7.693% $3,665.20 7.499% No No Self-Employed Retired         US Citizen US Citizen     United States United States       1 XXXX $1,662.00 XXXX TX $62.50     49.85% 49.11% 49.11% 07/09/2021 660             07/09/2021                             No Yes 24 Personal 0.00% 100.00%     Borrower - SSI and Disability - 12 Personal Bank Statements Verified, Lease Agreements Verified || Co Borrower - SSI and Disability - 24 Months Personal Bank Statements Verified Borrower || Co Borrower 12 Month Bank Statement       0       0     0     0   4 0 7   XXXX XXXX Appendix Q Documentation 7311.39 08/23/2021 2.910%     Manual Underwriting No Manual Underwriting   No 7.499 0 0 0 0 0 0 24       0.000     No NA   No   N/A
xxxxxx7301 XXXX 22NQM2 - 502 Non-QM: Lender documented all ATR UW factors XXXX Yes No 7475 $1,097.08 09/16/2021 2.888% $2,688.50 2.875% No No Employed Employed         US Citizen US Citizen     United States United States       1 XXXX $1,109.04 XXXX CA $76.00     38.85% 37.89% 37.89% 09/07/2021 725             09/07/2021                             No No 139 Business 0.00% 0.00%     Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, Written VOE Verified, 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 6 Business Bank Statements Verified || Co Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, Written VOE Verified, 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified, 6 Business Bank Statements Verified Borrower - 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified || Co Borrower - 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 7475 09/13/2021 2.930%     Manual Underwriting No Manual Underwriting   No 2.875 2 2 0 0 3 2   139     0.000     No NA   Yes 24 N/A
xxxxxx2066 XXXX 22NQM2 - 503 Non-QM: Lender documented all ATR UW factors XXXX Yes No 4367.4 $5,272.00 07/08/2021 7.885% $2,935.14 7.750% No   Self-Employed           US Citizen       United States         1 XXXX $831.96 XXXX FL $960.95     41.33% 41.34% 41.34% 07/02/2021 677             07/02/2021                             No Yes 12 Business 100.00% 100.00%     Borrower - SECorporation - CPA Letter Verified, 12 Business Bank Statements Verified Borrower 12 Month Bank Statement       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation 4367.4 07/05/2021 3.030%     Manual Underwriting No Manual Underwriting   No 7.75 0 0 0 0 0 0   12     0.000   N/A No Yes 2 No   N/A
xxxxxx7198 XXXX 22NQM2 - 573 Non-QM: Lender documented all ATR UW factors XXXX Yes No   $25,817.23 03/30/2021   $4,225.28 3.625% Yes Yes Employed Self-Employed Employed   15   US Citizen US Citizen US Citizen   United States United States United States     1 XXXX $1,827.96 XXXX CA       40.86% 40.07% 40.07% 12/17/2020 697 745 740 740       12/17/2020             740   1 - Not Stated Not Verified           No No 2   0.00% 0.00%   Borrower Prepared Borrower - 1 YR W2 1099 Verified, 2+ Months Paystubs Verified, Executed 4506T Verified, 1 YR IRS Transcripts Verified || Co Borrower - 2 YRS Business Tax Returns Verified, YTD Profit And Loss Verified, 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, Executed 4506T Verified, 2 YRS IRS Transcripts Verified, Business Bank Statements Verified || Co Borrower 2 - 1 YR W2 1099 Verified, 2+ Months Paystubs Verified, Executed 4506T Verified, 2 YRS IRS Transcripts Verified Borrower - Executed 4506T Verified, 1 YR IRS Transcripts Verified || Co Borrower - 2 YRS Business Tax Returns Verified, Executed 4506T Verified, 2 YRS IRS Transcripts Verified || Co Borrower 2 - Executed 4506T Verified, 2 YRS IRS Transcripts Verified Full Doc       0       0     0     0   0 0 0   XXXX XXXX Appendix Q Documentation           Manual Underwriting No Manual Underwriting   No 3.625 1 2 0 0 1 2   2 14   0.000     No NA   No   N/A

 

 

 

 Loan ID Customer Loan ID Loan Identifier Seller Name Originator Name Guideline Author Loan Program Loan Program Date Documentation Type Executed NOO Docs in File Lease In Place Flag Actual In Place Rent Third Party Market Rent Estimate Third Party Rent Source Rental Income Used for Property DSCR Calculation Rental Source for Property DTI Calculation Property DTI Investor DTI Originator DSCR TPR DSCR PITIA Lease End Date Unit 1 Lease Term Unit 1 Lease End Date Unit 2 Lease Term Unit 2 Lease End Date Unit 3 Lease Term Unit 3 Lease End Date Unit 4 Lease Term Unit 4 Lease End Date Unit 5 Lease Term Unit 5 Lease End Date Unit 6 Lease Term Unit 6 Lease End Date Unit 7 Lease Term Unit 7 Rent Loss Insurance Rent Loss Insurance Amount HOA Flag HOA Monthly Premium Amount Monthly Property Tax Monthly Insurance Cost Fee Amount Acquisition Cost Renovation Cost Effective Gross Income Turnover Costs Repairs and Maintenance Marketing and Leasing Costs Utilities Other Costs Cap Ex Reserve Section 8 Blanket Mortgage Flag Number of Years Property Owned Number of Mortgaged Properties With Lender Number of Properties Foreign National Alternative Credit Documentation Deed Vesting if not Borrower Months Reserves Qualifying Credit Score Property Address Property City Property County Property State Property Zip Vested Business Entity Name Vested Business Entity Type Qualifying Primary Borrower Type Qualifying Primary Borrower First Name Qualifying Primary Borrower Last Name Qualifying CoBorrower Type Qualifying CoBorrower First Name Qualifying CoBorrower Last Name Qualifying CoBorrower 2 Type Qualifying CoBorrower 2 First Name Qualifying CoBorrower 2 Last Name Qualifying CoBorrower 3 Type Qualifying CoBorrower 3 First Name Qualifying CoBorrower 3 Last Name Non-Qualifying Guarantor 1 First Name Non-Qualifying Guarantor 1 Last Name Non-Qualifying Guarantor 1 Citizenship Non-Qualifying Guarantor 1 Country Name Non-Qualifying Guarantor 2 First Name Non-Qualifying Guarantor 2 Last Name Non-Qualifying Guarantor 2 Citizenship Non-Qualifying Guarantor 2 Country Name Personal Guaranty Total Number of Guarantors
xxxxxx4983 XXXX 22NQM2 - 572 XXXX XXXX XXXX XXXX XXXX Debt Service Coverage Ratio   No   45000 Appraisal 45000 Appraisal 68.9     1.45 31004.68                             Yes 720000 No 0 XXXX 545.38                     No No 25.083333333333332 1 2     207 741 XXXX XXXX XXXX XXXX XXXX XXXX Limited Liability Corporation (LLC) Individual Guarantor XXXX XXXX Vested Individual XXXX XXXX   XXXX XXXX   XXXX XXXX XXXX XXXX     XXXX XXXX     Yes 1
xxxxxx6096 XXXX 22NQM2 - 499 XXXX XXXX XXXX XXXX XXXX Full Doc   No   1580 Appraisal 1580 Appraisal 75.74     0 1196.75                             Yes 23600 No   XXXX 104.42                       No 121.66666666666667 2 5     141 677 XXXX XXXX XXXX XXXX XXXX XXXX     XXXX XXXX   XXXX XXXX   XXXX XXXX   XXXX XXXX XXXX XXXX     XXXX XXXX     No 0
xxxxxx7198 XXXX 22NQM2 - 573 XXXX XXXX XXXX XXXX XXXX Full Doc Present No 0 2700 Appraisal 2700 Appraisal 189.72 Employed   0 5122.37                             Yes 96600 No   XXXX 152.33                       No 0.0 1 5     84 697 XXXX XXXX XXXX XXXX XXXX XXXX   Vested Individual XXXX XXXX Vested Individual XXXX XXXX Vested Individual XXXX XXXX   XXXX XXXX XXXX XXXX     XXXX XXXX     No 0

 

 

 

Loan ID Loan Identifier Transaction ID Field Name Source Verified Value Bid Tape Value Comment
XXXX 22NQM2 - 464 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Property Zip Code notePage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Property Type propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Sales Price hudClosingDetailPage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Borrower 2 Birthdate the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Borrower 2 Last Name the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Borrower 2 First Name the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 464 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Property Zip Code notePage XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 465 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 466 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 466 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 466 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 466 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Property Type propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 467 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 468 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 468 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 468 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 468 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 468 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Property Type propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 469 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX Sales Price hudClosingDetailPage XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 470 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Sales Price finalCdDetailPage XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 471 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 472 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 472 XXXX Property Zip Code notePage XXXX XXXX XXXX
XXXX 22NQM2 - 472 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 472 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 472 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Property Address notePage XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Property Type propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 473 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Property Address notePage XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 474 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 475 XXXX Borrower 1 First Name notePage XXXX XXXX XXXX
XXXX 22NQM2 - 475 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 475 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 475 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 475 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 475 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 476 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 476 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 476 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 476 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 476 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Borrower 1 First Name notePage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Property Zip Code notePage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Property Type propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Sales Price hudClosingDetailPage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 477 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Property Address notePage XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 478 XXXX Borrower 2 Birthdate bridgeApplicationPage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Property Type propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Borrower 2 First Name notePage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Borrower 2 Last Name notePage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Occupancy the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Property Zip Code notePage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Borrower 2 Birthdate the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Sales Price hudClosingDetailPage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 479 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 480 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 481 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 482 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 482 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 482 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 482 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 482 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 482 XXXX Borrower 2 Birthdate bridgeApplicationPage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 483 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Borrower 2 First Name notePage XXXX XXXX XXXX
XXXX 22NQM2 - 484 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Property Address notePage XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 485 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 486 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Term notePage XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 487 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Valuation Date tape XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 488 XXXX Sales Price finalCdDetailPage XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Term loan XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Borrower 1 Birthdate the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 489 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Monthly Property Tax Amount titlePage XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Property Address notePage XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 490 XXXX Sales Price postConsummationCdDetailPage XXXX XXXX XXXX
XXXX 22NQM2 - 491 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 491 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 491 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 491 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 491 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 491 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 492 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 493 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 494 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 495 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 495 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 495 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 495 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 495 XXXX Property Address notePage XXXX XXXX XXXX
XXXX 22NQM2 - 495 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 495 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 496 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 496 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 496 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX LTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Borrower 2 Birthdate tape XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 497 XXXX Sales Price the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 498 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 498 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 498 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 498 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 498 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Borrower 1 First Name notePage XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Total Housing Expense (PITIA) the1008Page XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 572 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 499 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 499 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 499 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 500 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 500 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 500 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 500 XXXX Total Monthly Property Insurance Amount diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 500 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 501 XXXX CLTV propertyValuationPage XXXX XXXX XXXX
XXXX 22NQM2 - 501 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 501 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 501 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 501 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 502 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 502 XXXX Borrower 1 Executed 4506T Verified employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 502 XXXX Note Date notePage XXXX XXXX XXXX
XXXX 22NQM2 - 502 XXXX Borrower 2 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 502 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 503 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 503 XXXX Application Date the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 503 XXXX Borrower 1 SSN the1003Page XXXX XXXX XXXX
XXXX 22NQM2 - 503 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 573 XXXX Qualifying Housing Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX
XXXX 22NQM2 - 573 XXXX Borrower 1 Self-Employment Flag employmentIncomePage XXXX XXXX XXXX
XXXX 22NQM2 - 573 XXXX Qualifying Total Debt Income Ratio diligenceFinalLookPage XXXX XXXX XXXX

 

 

Exhibit 99.6

 

 

 

 

EXECUTIVE SUMMARY

 

DESCRIPTION OF SERVICES

(1) Type of assets that were reviewed. 

AMC Diligence, LLC (“AMC”) performed the due diligence services described below (the “Review”) on residential mortgage loans acquired by Loan Funding Structure LLC (the “Client”). These mortgage loans, which were originated by multiple parties, were purchased by the Client in multiple bulk transactions or via Reliance Letter and were reviewed by AMC on behalf of such party. The mortgage loans were reviewed via files imaged and provided by the Client or its designee for review.

 

(2) Sample size of the assets reviewed.

The diligence review (the “Review”) was conducted on a portion of the securitization mortgage loan population reviewed by AMC. The total population covered during the Review varied by mortgage loan scope. The Client may have utilized multiple third-party review (“TPR”) firms for the securitization and AMC did not review all of the mortgage loans in the securitization loan population for a specific scope of review.

 

The mortgage loan review sample was broken down into the following review scopes:

“Credit and Compliance Review”: 301 mortgage loans

“Leases Review”: 84 mortgage loans

“Valuation Review”: 385 mortgage loans

“Data Integrity Review”: 376 mortgage loans

 

Throughout the securitization process, the Client may have removed or added various mortgage loans from the securitization population for reasons that are unknown to AMC. AMC’s disclosures herein reflect findings on the securitization population (as known by AMC) as of the date hereof.

 

(3) Determination of the sample size and computation.

The Compliance Review was conducted consistent with the criteria for the NRSRO(s) identified in Item 3 of the Form ABS Due Diligence-15E.

 

(4) Quality or integrity of information or data about the assets: review and methodology.

AMC compared data fields on the bid tape provided by the Client to the data found in the actual file as captured during the Compliance Review. The scope of this review and the findings are detailed later in this document.

 

(5) Origination of the assets and conformity to stated underwriting or credit extension guidelines, standards, criteria or other requirements: review and methodology.

 

CREDIT AND COMPLIANCE SCOPE (301 Mortgage Loans) 

 

AMC reviewed asset origination to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to AMC. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the mortgage loan file was also performed.

 

Credit Application: For the Credit Application, AMC verified that the application: (i) was signed by all listed borrowers, (ii) was substantially filled out, (iii) contained all known borrower-owned properties on the Real Estate Owned section 2, and (iv) included the borrower’s employment history.

 

Credit Report: AMC’s review included confirming that a credit report, that met guideline requirements, was present for each borrower and that such borrower’s credit profile adhered to the guidelines. In order to make this determination, AMC: (i) captured the monthly consumer debt payments for use in relevant calculations, (ii) noted and researched the Real Estate Owned and fraud alerts, (iii) gathered liabilities listed on the credit report to be included in the debt to income ratio as appropriate, and (iv) gathered data required for the ASF tape submission including (a) the most recent FICO (scores from Equifax, Experian, and Transunion if available), (b) the most recent FICO date, (c) the longest trade line, (d) the maximum trade line, (e) the number of trade lines, and (f) the credit usage ratio.

 

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Employment and Income: AMC determined whether applicable supporting employment and income documentation required by the guidelines, and as applicable Appendix Q or ATR, was present in the mortgage loan file and where possible, wasn’t fraudulent. This documentation was used to verify whether the income used to qualify the mortgage loan was calculated in accordance with the guidelines and may have included items such as: (i) verbal or written verification of employment, (ii) pay stubs, (iii) W-2 forms, (iv) tax returns, (v) financial statements, (vi) IRS tax transcripts, and (vii) Bank Statements.

 

Asset Review: AMC assessed whether the asset documentation required by the guidelines, and as applicable, Appendix Q or ATR, was present in the mortgage loan file. Utilizing this documentation, AMC completed a review of the reserve calculation and any large deposits. Documentation verifying assets for down payment, closing costs, prepaid items and reserves may have included: (i) verification-of-deposit (“VOD(s)”), (ii) depository account statements, (iii) stock or security account statements, (iv) gift funds, (v) escrow or earnest money deposits, and (vi) settlement statements or other evidence of conveyance and transfer of funds (if a sale of assets was involved).

 

Hazard/Flood Insurance/Taxes: A review of the insurance present on the mortgage loan was also performed by AMC. During the course of this review, AMC (i) verified that the hazard insurance met the minimum required amount of coverage in the guidelines, (ii) confirmed that the mortgage clause listed the lender’s name and “its successors and assigns,”, (iii) confirmed that the premium amount on both the hazard and flood insurance matched what was used in the DTI calculations, (iv) reviewed the tax certificate to verify and compare monthly escrows used to calculate DTI matched and that taxes were current, (v) confirmed that the flood certification was for the correct borrower, property, lender and mortgage loan number and was a “Life of Loan” certification, and (vi) completed other property specific items including (a) for condominium properties, confirming that the blanket policy met the minimum amount of coverage in the guidelines and (b) for properties in a flood zone per the flood certification, confirming that flood insurance met guideline requirements and met the minimum required amount of coverage in the guidelines.

 

Occupancy Review: AMC confirmed the property occupancy is consistent with the mortgage loan approval and borrowers’ application disclosure based solely on information contained in the mortgage loan file and any fraud report obtained in connection with the mortgage loan.

 

Guideline Review: During the course of the review, AMC confirmed the mortgage loan was originated in accordance with required guidelines by reviewing conformity of mortgage loan, transaction type, and borrower characteristics to stated guidelines. Mortgage characteristics examined included (i) DTI of the borrower, (ii) the LTV/TLTV/HTLTV, (iii) the credit score for each borrower, (iv) asset reserves of the borrower, (v) property type, (vi) property usage, and (vii) other property specific items including (a) for condominium or cooperative properties, assessing whether the condominium or cooperative project adheres to required guidelines.

 

Fraud Review: AMC reviewed fraud report results in each mortgage loan file, to the extent present, in conjunction with source documents found in the mortgage loan file to assess the likelihood of any misrepresentations associated with the origination of the mortgage loan. If the mortgage loan file did not contain a fraud report and the counterparty did not produce one, AMC conditioned the mortgage loan for the missing fraud report product.

 

If a report was present, AMC reviewed the report for (i) any name variations for the borrowers, (ii) any social security number variations for the borrowers, (iii) any potential occupancy issues based on the borrower’s address history, (iv) any noted employment issues, and (v) any additional consumers associated with the borrower’s profile. If any findings were noted, AMC confirmed that such findings and/or variations were addressed by the originator in the origination of the asset or that such red flag issues were fully addressed via mortgage loan documentation provided.

 

Additional Review of Mortgage Loan File: AMC also reviewed the closing documents to ensure that the mortgage loan file information is complete, accurate, and contains consistent documentation. Included in the portion of the review are items such as reviewing for (i) evidence of primary mortgage insurance, (ii) if the property is located in an area that was listed as a FEMA disaster zone post origination, (iii) the presence of loan modification documents, and (iv) general conformity to Fannie Mae or Freddie Mac approved formats at the time of origination.

 

If standard GSE forms were not used for the mortgage loan, AMC sought to confirm the existence of: (i) a “due on sale” clause, (ii) mortgagor’s requirement to maintain adequate insurance at the mortgagor’s own expense, and (iii) the holder’s right to foreclose and to confirm that any homestead exemption has been waived as required by applicable law within the forms utilized.

 

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(6) Value of collateral securing the assets: review and methodology.

AMC’s review included a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property. AMC’s review included verifying the appraisal report was (i) on the appropriate GSE form, (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser that was actively licensed to perform the valuation, (v) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guideline requirements, (vii) made on an “as is” basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

 

With regard to the use of comparable properties, AMC’s review (i) captured the relative comparable data (gross and net adjustments, sale dates and distance from subject property) and ensured that such comparable properties are within standard appraisal guidelines; (ii) confirmed the property value and square footage of the subject property was bracketed by comparable properties, (iii) verified that comparable properties used are similar in size, style, and location to the subject, and (iv) checked for the reasonableness of adjustments when reconciling value between the subject property and comparable properties.

 

Other aspects of AMC’s review included (i) verifying that the address matched the mortgage note, (ii) verifying that the appraisal and the policies and procedures with regard to appraisal, including the appropriate level of review, when originating the mortgage loan, were followed, (iii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same (iv) confirming the appraisal report does not include any apparent environmental problems, (v) confirming the appraisal notes the current use of the property is legal or legal non-conforming (grandfathered), (vi) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC or if it was not directly accessible that another valuation product that was directly accessible to AMC was ordered in accordance with the Client’s specific valuation waterfall process. If more than one valuation was provided, AMC confirmed consistency among the valuation products and if there were discrepancies that could not be resolved, AMC created an exception.

 

(7) Compliance of the originator of the assets with federal, state and local laws and regulations: review and methodology.

Please be advised that AMC did not make a determination as to whether the mortgage loans complied with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated below. There can be no assurance that the Review uncovered all relevant factors relating to the origination of the mortgage loans, their compliance with applicable law and regulations and the original appraisals relating to the mortgaged properties or uncovered all relevant factors that could affect the future performance of the mortgage loans. Furthermore, the findings reached by AMC are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which AMC is relying in reaching such findings.

 

With regard to TILA-RESPA Integrated Disclosure (“TRID”) testing, AMC implemented the TRID scope of review referenced within the Regulatory Compliance section (III) based on (i) the RMBS 3.0 TRID Compliance Review Scope published by the Structured Finance Association (“SFA”) (formerly, the Structured Finance Industry Group, “SFIG”) (the “SFA Compliance Review Scope”) and (ii) outside counsel’s interpretations of the published regulations as of the date of review of each mortgage loan. AMC worked with outside counsel and continues to obtain updated interpretations relative to the informal guidance provided by the Consumer Financial Protection Bureau (“CFPB”) which has caused alterations in the review scope and severity of TRID related exceptions, including applicable cures. (This will continue as necessary as additional guidance becomes available, as well as any future rulemaking.) While AMC continues to make a good faith effort to identify material TRID exceptions and apply the appropriate grading, the implementation of new regulations (including TRID) that impact residential mortgages carries certain interpretive risk and continues to evolve, impacting the review scope and exception severity. AMC has worked closely with the NRSROs and the Client to disclose, as mutually agreed upon by the parties, the relevant exceptions per AMC’s suggested review implementation as reviewed by outside counsel; however, no assurances can be provided and/or are given that AMC has included within its Review all areas that

 

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may represent risk to the securitization trust, or that areas of risk identified by AMC will result in the potential level of risk indicated by an Event Level or NRSRO grade. 

 

Please be further advised that AMC does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by AMC do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to AMC. Information contained in any AMC report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged AMC to prepare its reports pursuant to its instructions and guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by AMC are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. AMC does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by AMC.

 

AMC reviewed each residential mortgage loan to determine, as applicable, to the extent possible and subject to the caveats below, whether the mortgage loan complies with:

 

(I) Federal Truth in Lending Act (“TILA”), as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below:

a)Rescission (§1026.23, §1026.15):

i)failure to provide the right of rescission notice;

ii)failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);

iii)errors in the right of rescission notice;

iv)failure to provide the correct form of right of rescission notice;

v)failure to provide the three (3) business day rescission period;

vi)any material disclosure violation on a rescindable mortgage loan that gives rise to the right of rescission under TILA, which means the required disclosures of the annual percentage rate, the finance charge, the amount financed, the total of payments, the payment schedule, the HOEPA disclosures, or those related to prepayment penalties on covered transactions; and

vii)with respect to applicable exception remediation measures, confirm that a letter of explanation, a refund if applicable, new corrected material disclosures and a new notice of right to cancel was provided.

b)TIL Disclosure (§§1026.17, 18 and 19) as applicable for loans with application dates prior to October 3, 2015:

i)review and comparison of the initial and final TIL disclosures, and any re-disclosed TIL(s);

ii)proper execution by all required parties;

iii)principal and interest calculations, and proper completion of the interest rate and payment summary; and

iv)timing of initial and re-disclosed TIL(s).

c)Home Equity Plans Disclosures (§§1026.6, 40) as applicable

i)failure to provide the applicable home equity initial and account opening disclosures

ii)failure to provide the applicable home equity initial and account opening disclosures in a timely manner

d)Tolerances (§§1026.18, 22 23, and 38):

i)inaccurate Annual Percentage Rate (APR) outside of applicable tolerance by comparing disclosed APR to re-calculated APR; and

ii)inaccurate Finance Charge outside of applicable tolerance by comparing disclosed Finance Charge to re-calculated Finance Charge.

iii)inaccurate Total of Payments outside of applicable tolerance by comparing disclosed Total of Payments to re-calculated Total of Payments.

e)High-cost Mortgage (§§1026.31, 32 and 34):

i)points and fees threshold test;

ii)APR threshold test;

iii)prepayment penalty threshold test; and

iv)compliance with the disclosure requirements, limitation on terms and prohibited acts or practices in connection with a high-cost mortgage.

 

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f)Higher-priced Mortgage Loan (§1026.35):

i)APR threshold test; and

ii)compliance with the escrow account and appraisal requirements as applicable.

g)With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator Compensation and Steering (§1026.36):

i)review relevant documentation to determine if compensation to a Loan Originator was based on a term of the transaction;

ii)review relevant document to determine if there was dual compensation; and

iii)review the presence of the mortgage loan option disclosure and to determine if the Steering Safe Harbor provisions were satisfied.

(1)Note: Where available, AMC reviewed the relevant documents in the mortgage loan file and, as necessary, attempted to obtain the mortgage loan originator compensation agreement and/or governing policies and procedures of the mortgage loan originator. In the absence of the mortgage loan originator compensation agreement and/or governing policies and procedures, AMC’s review was limited to formal general statements of entity compliance provided by the mortgage loan originator, if any. These statements, for example, were in the form of a letter signed by the seller correspondent/mortgage loan originator or representations in the mortgage loan purchase agreement between the Client and seller correspondent;

h)Homeownership counseling (§1026.36):

i)determine if the creditor obtained proof of homeownership counseling in connection with a mortgage loan to a first time homebuyer that contains a negative amortization feature.

i)Mandatory Arbitration Clauses (§1026.36):

i)determine if the terms of the mortgage loan require arbitration or any other non-judicial procedure to resolve any controversy or settle any claims arising out of the transaction.

j)Prohibition on Financing Credit Insurance (§1026.36):

i)determine if the creditor financed, directly or indirectly, any premiums or fees for credit insurance.

k)Nationwide Mortgage Licensing System (NMLS) & Registry ID on Loan Documents (§1026.36):

i)review for presence of mortgage loan originator organization and individual mortgage loan originator name and NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security instrument, Loan Estimate and Closing Disclosure; and

ii)verify the data against the NMLSR database, as available.

 

(II) Federal Real Estate Settlement Procedures Act (“RESPA”), as implemented by Regulation X, 12 C.F.R. Part 1024, as set forth below:

a)Good Faith Estimate (GFE) (§1024.7) as applicable for loans with application dates prior to October 3, 2015:

i)confirm the presence of the current GFE form in effect at the time of origination;

ii)verify GFE was provided to the borrower(s) within three (3) business days of application;

iii)verify all sections of the GFE were accurately completed and that information was reflected in the appropriate locations;

iv)determine whether a valid and properly documented changed circumstance accompanies any changes to mortgage loan terms and/or fees on any revised GFEs over the applicable tolerance(s); and

v)confirm the presence of a settlement service provider list, as applicable.

b)Final HUD-1/A Settlement Statement (HUD) (§1024.8) as applicable for loans with application dates prior to October 3, 2015:

i)confirm current applicable HUD form was provided;

ii)determination that the mortgage loan file contains the final HUD;

iii)escrow deposit on the final HUD matches the initial escrow statement amount; and

iv)verify all sections of the final HUD were accurately completed and that information was reflected in the appropriate locations.

c)GFE and Final HUD Comparison (§1024.7) as applicable for loans with application dates prior to October 3, 2015:

i)review changes disclosed on the last GFE provided to the borrower(s) to determine that such changes were within the allowed tolerances;

ii)confirm mortgage loan terms and fees disclosed on the third page of the final HUD accurately reflect how such items were disclosed on the referenced GFE, page 2 of the final HUD and mortgage loan documents; and

iii)review any documented cure of a tolerance violation to determine that the proper reimbursement was made and a revised HUD was provided at or within 30 days of settlement.

 

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d)Additional RESPA/Regulation X Disclosures and Requirements (§1024.6, 15, 17, 20, and 33):

i)confirm the presence of the Servicing Disclosure Statement form in the mortgage loan file;

ii)verify the Servicing Disclosure Statement was provided to the borrower(s) within three (3) business days of application;

iii)confirm the presence of the Special Information Booklet in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower;

iv)confirm the Special Information Booklet was provided within three (3) business days of application;

v)confirm the presence of the Affiliated Business Arrangement Disclosure in the mortgage loan file in the event the lender has affiliated business arrangements;

vi)confirm the Affiliated Business Arrangement Disclosure was provided no later than three (3) business days of application;

vii)confirm the Affiliated Business Arrangement Disclosure is executed; and

viii)confirm the presence of the Initial Escrow Disclosure Statement in the mortgage loan file and proper timing;

ix)confirm that the creditor provided the borrower a list of homeownership counselling organizations within three (3) business days of application; and

x)confirm that the list of homeownership counselling organizations was obtained no earlier than 30 days prior to when the list was provided to the mortgage loan applicant.

 

(III) Sections 1098 and 1100A of Dodd-Frank amending TILA and RESPA, as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below (applicable only for mortgage loans with application dates on or after October 3, 2015):

a)Loan Estimate (LE) (§§1026.19 and 37):

i)confirm the presence of LE for applications on or after October 3, 2015;

ii)confirm the initial LE date indicates it was delivered or placed in the mail within three (3) business days of application;

iii)confirm that certain sections of each LE determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the LE;

iv)confirm the initial LE was delivered or placed in the mail not later than seven (7) business days prior to consummation of the transaction, or such period was waived due to a bona fide financial emergency;

v)confirm that each revised LE is accompanied by valid written documentation explaining the reason for re-disclosure to allow for fee increases based on a valid change of circumstance and was timely provided within 3 business days of issuance;

vi)capture whether a settlement service provider list (“SSPL”) was provided (in instances when a consumer is given an opportunity to shop for services). Failure to provide SSPL is not cited separately under SFA compliance review scope, however, absence of SSPL from loan file is treated as not provided and impacts fee tolerance categories as prescribed by regulation.

vii)confirm borrower received LE not later than four (4) business days prior to consummation; and

viii)confirm LE was not provided to the borrower on or after the date of the CD.

b)Closing Disclosure (CD) (§§1026.19 and 38):

i)confirm the presence of CD for applications on or after October 3, 2015;

ii)confirm the borrower received CD at least three (3) business days prior to consummation, or that such period was waived due to a bona fide financial emergency;

iii)confirm that certain sections of each CD determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the CD;

iv)confirm that a revised CD was received in a timely manner if the initial or any revised CD became inaccurate;

v)identify tolerance violations based on the charges disclosed on the initial and interim LE’s, initial CD, and reflected on the final CD;

vi)with respect to tolerance violations based on the disclosed charges on the LE and CD, confirm that the creditor cured the violations no later than 60 days after consummation, or within 60 days of discovery; and

vii)with respect to applicable exception remediation measures for numerical exceptions, confirm that a letter of explanation, as well as a refund as applicable, was delivered or placed in the mail no later than 60 days after discovery of the exception establishing the need for a revised CD or with respect to exception remediation measures for non-numerical exceptions, that a corrected CD was delivered or placed in the mail no later than 60 days after consummation. (In an attempt to establish a best practices approach to pre-securitization due diligence, as it applies to TILA RESPA Integrated Disclosure testing, the Structured Finance Association

 

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  (“SFA”) has a working group that consists of industry participants including third party review providers and law firms who agreed to a standardized approach to remediation considerations. This approach is intended to be based on a reasoned legal analysis that expressly assumes that courts will interpret TRID in accordance with the principals of liability set forth in the letter to the MBA from Richard Cordray, the Director of the CFPB. No assurances can be provided that the courts in question will interpret TRID in accordance with the SFA Compliance Review Scope.)

c)Your Home Loan Toolkit (§1026.19):

i)confirm the presence of Your Home Loan Toolkit in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower; and

ii)confirm Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) business days after receipt of application.

 

(IV) Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) amending TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43, as set forth below:

a)The general Ability to Repay (ATR) underwriting standards (12 C.F.R. 1026.43(c));

b)Refinancing of non-standard mortgages (12 C.F.R. 1026.43(d));

c)Qualified Mortgages (QM) (12 C.F.R. 1026.43(e) (including qualified mortgages as separately defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.); and

d)Balloon-payment qualified mortgages made by certain creditors (12 C.F.R. 1026.43(f)).

 

AMC reviews applicable mortgage loans for compliance with the ATR and QM rule requirements based upon each mortgage loan’s originator designation (Safe Harbor QM, Higher-priced QM, Temporary SHQM, Temporary HPQM, Non-QM, Exempt from ATR). AMC determines the mortgage loan’s status under the ATR or QM rule requirements and assigns a due diligence mortgage loan designation. Generally, AMC notes as a material exception if the due diligence findings do not confirm the originator’s mortgage loan designation. Additionally, AMC notes if an originator mortgage loan designation was not provided.

 

Qualified Mortgage

With respect to QM (Safe Harbor and Higher-priced) designated mortgage loans, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file: (i) the mortgage loan contains risky mortgage loan features and terms (e.g. an interest only feature or negative amortization), (ii) the “points and fees” exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) depending on the application date, defined in accordance with 1026.2(a)(3)(ii) and the loan designation provided on the subject loan, either:

 

1.)for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), prior to 3/1/2021, at the time of consummation, if the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source,

2.)for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), on or after 3/1/2021, but before 10/1/2022, submitted with a loan designation of Safe Harbor QM, Higher Priced QM, Safe Harbor QM (43-Q), or Higher Priced QM (43-Q), whether at the time of consummation, the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source, or

3.)for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), taken on or after 3/1/2021, submitted with a loan designation of Safe Harbor QM (APOR), or Higher Priced QM (APOR), “Revised QM”, whether the APR exceeds the average prime offer rate by 2.25 or more percentage points, (additional thresholds applicable for lower loan balances, subordinate lien covered transactions and certain manufactured homes loan amounts), and whether the loan does not meet the credit guidelines without a documented exception and compensating factors.

 

For the mortgage loans determined to be Safe Harbor QM (APOR), the AMC report will indicate (i) “Yes” with respect to any mortgage loan for which the lender provided a Verification Safe Harbor, (“VSH”) indicator of “Yes” on such mortgage loans, (ii) “No” with respect to any mortgage loan for which the lender provided a VSH indicator of “No” and (iii) “Not Stated” with respect to any mortgage loan for which the lender did not provide a VSH indicator.

 

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* Note, for mortgage loans in which the lender provided the VSH indicator, AMC captured the VSH indicator in the AMC report but did not verify the VSH indicator as provided by the related lender.

 

In addition to the above, for loans (i) that are designated as “Yes” with respect to a VSH indicator, (ii) for which such “Yes” VSH indicator was provided within the loan images, on the data tape or in the deal notes, and (iii) for which the related mortgage loan guidelines utilized one of the specified GSE June 2020 guidelines to meet VSH, AMC performed an additional variance evaluation on such QM (APOR) mortgage loans. AMC’s variance evaluation consists of a review of such mortgage loan to identify documentation variances that would cause one to question the VSH attestation provided by the lender. If variances were identified, the mortgage loan would not be identified by AMC to meet the VSH documentation requirements under either the Fannie Mae guidelines or under the Freddie Mac guidelines, and the AMC report will indicate “No” with respect to such mortgage loans. The results of the variance evaluation are reflected in the reports.

 

This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source.

 

If a mortgage loan was designated as QM and identified as eligible for guarantee, purchase, or insurance by an applicable agency as permitted under the QM final rule, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, if the mortgage loan satisfied (i), (ii) and (iii) in the preceding paragraph. In addition, AMC reviews the Automated Underwriting System output within the file to confirm agency eligibility.

 

For each QM designated mortgage loan that satisfied the applicable requirements enumerated above, AMC then determines whether the mortgage loan is a Safe Harbor QM or Higher Priced QM by comparing the mortgage loan’s actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage. The Review also includes determining, as applicable, whether a mortgage loan is a qualified mortgage as defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.).

 

For each QM designated mortgage loan that does not satisfy the applicable requirements enumerated above, AMC then determines whether the mortgage loan complies with the ATR rule consideration and verification requirements and provides a due diligence designation of Non-QM compliant or non-compliant.

 

General Ability to Repay

AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer’s current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer’s employment in determining repayment ability (the consumer’s current employment status); (iii) the consumer’s monthly payment; (iv) the consumer’s monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer’s monthly payment for mortgage-related obligations; (vi) the consumer’s current debt obligations, alimony, and child support; (vii) the consumer’s monthly debt-to-income ratio or residual income; and (viii) the consumer’s credit history. This portion of the Review also focuses on full recalculation of income and debts, as well as the documentation provided to support each item used in originator’s determination of the ability to repay.

 

AMC reviews mortgage loans to determine their conformity with the ATR/QM factors above, and is not rendering an independent assessment or opinion, warranting or representing that a mortgage loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative or judicial authorities (“Authorities”). AMC does not represent or warrant that the factors for which it is reviewing the mortgage loans constitute all of the factors and/or criteria that Authorities may consider in determining the status of a mortgage loan. AMC’s review is based on information contained in the mortgage loan file at the time it is provided to AMC to review, and only reflects information as of that point in time.

 

(V) The Equal Credit Opportunity Act, as implemented by Regulation B, 12 C.F.R. Part 1002, as set forth below:

a)Providing Appraisals and Other Valuations (12 C.F.R. 1002.14):

i)timing and content of the right to receive copy of appraisal disclosure;

ii)charging of a fee for a copy of the appraisal or other written valuation;

 

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iii)timing of creditor providing a copy of each appraisal or other written valuation; and

iv)with respect to a borrower that has waived the three (3) business day disclosure requirement, confirm that (a) the borrower has signed the waiver or other acknowledgment at least three (3) business days prior to consummation; and (b) that the lender has provided copies of appraisals and other written valuations at or prior to consummation.

 

(VI) Fannie Mae points and fees limitations and HOEPA restrictions as addressed in Fannie Mae Announcement 04-06, as amended by Lender Letters LL-2013-05 and LL-2013-06 and Selling Guide Announcement SEL-2013-06;

 

(VII) The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution and associated regulations;

 

(VIII) The disclosure requirements and prohibitions of state, county and municipal laws and ordinances with respect to “high-cost” mortgage loans, “covered” mortgage loans, “higher-priced” mortgage loans, “home” mortgage loans or any other similarly designated mortgage loan as defined under such authorities, or subject to any other laws that were enacted to combat predatory lending, as may have been amended from time to time;

 

(IX) Federal and state specific late charge and prepayment penalty provisions.

 

(X) Recording Review 

AMC noted the presence of recorded documents, when available. However, the majority of mortgage loans in the review population were new production and have only been closed for days or weeks at the time AMC reviewed the mortgage loans and thus have not yet been recorded. AMC verified that documents in the mortgage loan file (most typically closing instructions) included lender instructions for recording, and as applicable, the date the documents were sent for recording, and/or the date that the documents will be recorded.

 

As part of the portion of the Review described in this section, AMC will analyze and capture data from the source documents identified in the Document Review below, as applicable.

 

(XI) FIRREA Review

AMC confirmed that the appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA. Specifically, AMC reviewed the appraisal for conformity to industry standards, including ensuring the appraisal was complete, that the comparable properties and adjustments were reasonable and that pictures were provided and were accurate.

 

In addition, AMC accessed the ASC database to verify that the appraiser, and if applicable the appraiser’s supervisor, were licensed and in good standing at the time the appraisal was completed.

 

(XII) Document Review 

AMC reviewed each mortgage loan file and verified if the following documents, if applicable, were included in the file and if the data on these documents was consistent (where applicable): 

Initial application (1003);

Underwriting summary / loan approval (1008);

Credit report;

Income and employment documentation;

4506T;

Asset documentation;

Sales contract;

Hazard and/or flood insurance policies;

Copy of note for any junior liens;

Appraisal;

Title/Preliminary Title;

Final 1003;

Changed circumstance documentation;

Right of Rescission Disclosure;

Mortgage/Deed of Trust;

 

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Note;

Mortgage Insurance;

Tangible Net Benefit Disclosure;

Subordination Agreement;

FACTA disclosures;

Notice of Special Flood Hazards;

Initial and final GFE’s;

HUD from sale of previous residence;

Final HUD-1;

Initial TIL;

Final TIL;

Loan Estimates;

Closing Disclosures; and

Certain other disclosures related to the enumerated tests set forth herein.

 

LEASES SCOPE (84 Mortgage Loans)

 

DOCUMENT REVIEW

 

For each Loan, AMC will review the Loan File and verify whether the following documents, if applicable, are included in the file and if the data on these documents is consistent and logical: (a) initial application (1003), (b) credit report, (c) employment documentation, (d) asset documentation, (e) sales contract, (f) hazard and/or flood insurance policies, (g) appraisal, (h) title/preliminary title, (i) mortgage/deed of trust, (j) note, (k) certificate of business purpose / non-owner occupancy, (l) articles of incorporation, if applicable, (m) operating agreement, and (n) background check.

 

CREDIT REVIEW

 

The credit review focuses on the borrower’s experience in property management, credit profile and adherence to guidelines. The borrower’s assets are analyzed to determine there are sufficient funds for the required equity in the project. Conformity to applicable guidelines will all be assessed during the review. An income calculation will not be performed though the presence of income documentation if required by the guidelines will be noted.

 

Credit Application: For the Credit Application, AMC will verify whether (a) the application is signed by all listed borrowers, (b) the application is substantially filled out, (c) all known borrower-owned properties are disclosed on the Real Estate Owned section or attachments, and (d) borrower’s property management/landlord experience.

 

Credit Report: AMC will verify (a) a credit report is present for each borrower, (b) note and research the Real Estate Owned and fraud alerts, (c) and gather data including (i) representative FICO, (ii) scores from Equifax, Experian, and Transunion (if available), (iii) verify that the public records listed are disclosed on the application and adequately explained and in compliance with guidelines, and (iv) the number and length of trade lines.

 

Employment and Income: AMC will determine whether applicable supporting employment and income documentation required by the guidelines, was present in the mortgage loan file and where possible, wasn’t fraudulent.

 

Borrowing Entity: AMC will verify the borrowing entity, if not an individual, is properly documented. In addition, AMC will verify if the business entity is a US or foreign entity and if the individual signing the loan documentation has the appropriate authority. Distinction will be made between guarantors and principals, individuals and business entities.

 

Property income: AMC will determine whether all applicable supporting documentation as required by the guidelines is present in the file. No traditional borrower DTI ratios will be calculated but instead a “Property DTI” will be calculated per guidelines using the lease or expected lease amount and the property expenses. Documentation verifying property income may include: (a) leases and monthly rental income, (b) property vacancy, (c) balance sheets / financial statements, and (d) an appraisal analysis of market rents.

 

Valuation Review: AMC’s review will include a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property. AMC’s review will include verifying the appraisal report was (i) materially complete, (ii) in conformity with the guideline requirements for the property type in question, (iii) completed by an appraiser that was actively licensed to perform the valuation, (iv) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (iv) made

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on an “as is” basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

 

With regard to the use of comparable properties, AMC’s review will (i) review the relative comparable data (gross and net adjustments, sale dates and distance from subject property) and ensure that such comparable properties are within standard appraisal guidelines; (ii) confirm the property value and square footage of the subject property was bracketed by comparable properties, (iii) verify that comparable properties used are similar in size, style, and location to the subject, and (iv) check for the reasonableness of adjustments when reconciling value between the subject property and comparable properties.

 

Other aspects of AMC’s review include (i) verifying that the address matched the mortgage note, (ii) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (iii) confirming the appraiser noted an estimated lease amount to be used in instances where there is no lease in place.

 

Asset Review: AMC will assess whether the asset documentation required by the guidelines is present in the file. AMC will verify that assets presented support the required reserves. Documentation reviewed may include: (a) depository account statements, (b) stock or security account statements, (c) settlement statements or other evidence of conveyance and transfer of funds if a sale of assets was involved, and (d) operating accounts from other properties.

 

Insurance: AMC will (a) look for the presence of rent loss insurance as required by the guidelines, (b) verify that hazard insurance meets the minimum required amount of coverage in the guidelines, (c) confirm that the flood cert is for the correct borrower, property, lender and loan number, and (d) for properties in a flood zone per the flood cert, confirm that flood insurance meets guideline requirements in the file and meets the minimum required amount of coverage.

 

Title: AMC will verify whether the appropriate vestee is on the title document: if a purchase, the seller; if a refinance, the borrower. AMC will also review the Title Commitment for the disclosure issues such as assessments; covenants, conditions and restrictions); access problems; vicinity of property to military airports; prior leases; court orders/divorce decrees; public probate issues; foreclosures; bankruptcies; judgment liens; state and federal tax liens; and environmental liens. Review for instances of delinquent taxes (non-liens). In addition, AMC will review for Oil, Gas, Water or Mineral rights.

 

Fraud / Criminal Background: To the extent potentially fraudulent activity is identified as part of the document review, such information will be reported to Client. In addition, AMC will look for an independent, third party fraud report and background check in each file and will review the results of the fraud report in conjunction with source documents found in the file to assess the likelihood of any misrepresentations associated with the origination of the loan.

 

DATA COLLECTION

AMC will compare data fields on the bid tape provided by the client to the data found in the actual file as captured by AMC. All material discrepancies will be noted.

 

(8) Other: review and methodology.

 

Data Integrity Review (376 Mortgage Loans): AMC compared data fields on the bid tape provided by the Client to the data found in the actual file as captured during the Compliance Review. The number of fields included and reviewed on a bid tape can vary by counterparty and by time period of transaction.

 

The final review results reflected in the Overall Review Results Summary herein may include additional exceptions identified after AMC’s initial review was completed where loan level issues were identified by external parties as a result of separate, distinct quality control evaluation of the loan files. In such cases, any additional exceptions cited by any such quality control evaluation would either be reflected (i) as an open exception or (ii) remediated if required documentation and/or curative actions were provided to AMC. The exception totals reflected herein, and corresponding Exception Rating, include exceptions that were so subsequently identified, if any. Please note that only a limited number of loans, if any, reflected in the Review Results Summary were subject to such external quality control evaluations.

 

(9) Disclaimer

 

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Except as expressly enumerated above, please be advised that SitusAMC has not performed any review to determine whether the mortgage loans covered in this Report complied with federal, state or local laws, constitutional provisions, regulations, ordinances or any other laws or guidance, including, without limitation, licensing and general usury laws (“Applicable Law”). Further, there can be no assurances that in performing the review and preparing this Report that SitusAMC has uncovered all relevant factors and potential issues relating to the origination of the mortgage loans, their compliance with Applicable Law, or the original appraisals relating to the mortgaged properties, or that SitusAMC has uncovered all relevant factors that could affect the future performance of the mortgage loans. Please note that the results set forth in this Report are dependent upon receipt of complete and accurate data regarding the mortgage loans from mortgage loan originators, sponsors, issuers, underwriters, and other third parties upon which SitusAMC is relying in reaching such results. Except as expressly stated herein, SitusAMC did not verify the data relied upon in performing its review and producing this Report. In addition, the findings and conclusions set forth in this Report are provided on an “as is” basis and are based on available information and Applicable Law as of the date of this Report, and SitusAMC does not undertake any obligation to update or provide any revisions to this Report to reflect events, circumstances, changes in Applicable Law, or changes in expectations after the date this Report was issued. SitusAMC also hereby disclaims any representation or warranty as to accuracy or completeness of the Report, the inclusion or omission of any facts or information, or as to its suitability, sufficiency or appropriateness for the purposes of the transaction parties or investors or the use of the Report in preparation of any other document in connection with the subject transaction.).

 

Please be further advised that SitusAMC does not employ personnel who are licensed to practice law in the various jurisdictions covered in this Report, and the results set forth in this Report do not constitute legal advice or legal opinions whatsoever. The findings are recommendations or conclusions based on information provided to SitusAMC, and are not statements of fact or legal conclusions. Information contained in the Report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the Report based on certain factors, including the facts and circumstances of an individual mortgage loan. The authorities administering the Applicable Law that was part of the review have broad discretionary powers which may permit such authorities, among other things, to withdraw exemptions accorded by statute or regulation, to impose additional requirements or to reach a conclusion that is not consistent with the results set forth in the Report. All decisions as to whether to issue, purchase, hold, sell or otherwise transact in securities backed by the mortgage loans reviewed in this Report, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such securities, shall be made solely by the parties to or investors in the transaction. The results set forth in this Report do not constitute tax or investment advice. The scoring models in this Report are designed to identify potential risk in the securities backed by the mortgage loans reviewed, and each party or investor assumes sole responsibility for determining the suitability of the information for its particular use. SitusAMC does not make any representation or warranty (express or implied) as to the value of any mortgage loan or mortgage loan’s collateral that has been reviewed by SitusAMC.

 

SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW 

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of the NRSROs listed in the Form ABS Due Diligence-15E.

 

COMPLIANCE RESULTS SUMMARY

Please note that 84 Leases were not subjected to a compliance review and did not receive a compliance grade. Of the remaining 301 mortgage loans under the DBRS rating criteria, 74 (19.22%) mortgage loans received an “A” compliance grade, and 227 (58.96%) mortgage loans received a “B” compliance grade. Of the remaining 301 mortgage loans under the Fitch rating criteria, 70 (18.18%) mortgage loans received an “A” compliance grade and 231 (60.00%) mortgage loans received a “B” compliance grade.

 

SitusAMC Consolidated (385 Mortgage Loans)

 

DBRS Compliance
Final Loan Grade # of Loans % of Loans % of Compliance Loans
A 74 19.22% 24.58%
B 227 58.96% 75.42%
C 0 0.00% 0.00%

 

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D 0 0.00% 0.00%
Compliance Not Run 84 21.82% N/A
Total 385 100.00% 100.00%
       
Fitch Compliance
Final Loan Grade # of Loans % of Loans % of Compliance Loans
A 70 18.18% 23.26%
B 231 60.00% 76.74%
C 0 0.00% 0.00%
D 0 0.00% 0.00%
Compliance Not Run 84 21.82% N/A
Total 385 100.00% 100.00%

 

SitusAMC (Clarity) (376 Mortgage Loans)

 

DBRS Compliance
Final Loan Grade # of Loans % of Loans % of Compliance Loans
A 66 17.55% 22.60%
B 226 60.11% 77.40%
C 0 0.00% 0.00%
D 0 0.00% 0.00%
Compliance Not Run 84 22.34% N/A
Total 376 100.00% 100.00%
       
Fitch Compliance
Final Loan Grade # of Loans % of Loans % of Compliance Loans
A 63 16.76% 21.58%
B 229 60.90% 78.42%
C 0 0.00% 0.00%
D 0 0.00% 0.00%
Compliance Not Run 84 22.34% N/A
Total 376 100.00% 100.00%

 

SitusAMC (TIGRE) (9 Mortgage Loans)

 

DBRS Compliance
Final Loan Grade # of Loans % of Loans % of Compliance Loans
A 8 88.89% 88.89%
B 1 11.11% 11.11%
C 0 0.00% 0.00%

 

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D 0 0.00% 0.00%
Compliance Not Run 0 0.00% N/A
Total 9 100.00% 100.00%
       
Fitch Compliance
Final Loan Grade # of Loans % of Loans % of Compliance Loans
A 7 77.78% 77.78%
B 2 22.22% 22.22%
C 0 0.00% 0.00%
D 0 0.00% 0.00%
Compliance Not Run 0 0.00% N/A
Total 9 100.00% 100.00%

 

CREDIT RESULTS SUMMARY

Within the securitization population, 233 (60.52%) of the mortgage loans received an “A” credit grade and 152 (39.48%) of the mortgage loans received a “B” credit grade.

 

SitusAMC Consolidated (385 Mortgage Loans)

 

DBRS & Fitch Credit
Final Loan Grade # of Loans % of Loans
A 233 60.52%
B 152 39.48%
C 0 0.00%
D 0 0.00%
Total 385 100.00%

 

SitusAMC (Clarity) (376 Mortgage Loans)

 

DBRS & Fitch Credit
Final Loan Grade # of Loans % of Loans
A 229 60.90%
B 147 39.10%
C 0 0.00%
D 0 0.00%
Total 376 100.00%

 

SitusAMC (TIGRE) (9 Mortgage Loans)

 

DBRS & Fitch Credit
Final Loan Grade # of Loans % of Loans
A 4 44.44%

 

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B 5 55.56%
C 0 0.00%
D 0 0.00%
Compliance Not Run 0 0.00%
Total 9 100.00%

 

PROPERTY/VALUATION RESULTS SUMMARY

Within the securitization population, 359 (93.25%) of the mortgage loans received an “A” property grade, and 26 (6.75%) of the mortgage loans received an “B” property grade.

 

SitusAMC Consolidated (385 Mortgage Loans)

 

DBRS & Fitch Property/Valuation
Final Loan Grade # of Loans % of Loans
A 359 93.25%
B 26 6.75%
C 0 0.00%
D 0 0.00%
Total 385 100.00%

 

SitusAMC (Clarity) (376 Mortgage Loans)

 

DBRS & Fitch Property/Valuation
Final Loan Grade # of Loans % of Loans
A 350 93.09%
B 26 6.91%
C 0 0.00%
D 0 0.00%
Total 376 100.00%

 

SitusAMC (TIGRE) (9 Mortgage Loans)

 

DBRS & Fitch Property/Valuation
Final Loan Grade # of Loans % of Loans
A 9 100.00%
B 0 0.00%
C 0 0.00%
D 0 0.00%
Total 9 100.00%

 

OVERALL RESULTS SUMMARY

After considering the grading implications of the Compliance, Credit, and Property/Valuation sections above, under the DBRS rating criteria, 100% of the loans by number in the pool possessed a NRSRO grade of “A”, or “B”. After considering the grading implications of the Compliance, Credit, and Property/Valuation sections above, under the Fitch rating criteria, 100% of the loans by number in the pool possessed a NRSRO grade of “A”, or “B”.

 

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SitusAMC Consolidated (385 Mortgage Loans)

 

DBRS Overall
Final Loan Grade # of Loans % of Loans
A 94 24.42%
B 291 75.58%
C 0 0.00%
D 0 0.00%
Total 385 100.00%
     
Fitch Overall
Final Loan Grade # of Loans % of Loans
A 95 24.68%
B 290 75.32%
C 0 0.00%
D 0 0.00%
Total 385 100.00%

 

SitusAMC (Clarity) (376 Mortgage Loans)

 

DBRS Overall
Final Loan Grade # of Loans % of Loans
A 92 24.47%
B 284 75.53%
C 0 0.00%
D 0 0.00%
Total 376 100.00%
     
Fitch Overall
Final Loan Grade # of Loans % of Loans
A 92 24.47%
B 284 75.53%
C 0 0.00%
D 0 0.00%
Total 376 100.00%

 

SitusAMC (TIGRE) (9 Mortgage Loans)

 

DBRS Overall
Final Loan Grade # of Loans % of Loans

 

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A 2 22.22%
B 7 77.78%
C 0 0.00%
D 0 0.00%
Total 9 100.00%
     
Fitch Overall
Final Loan Grade # of Loans % of Loans
A 3 33.33%
B 6 66.67%
C 0 0.00%
D 0 0.00%
Total 9 100.00%

 

EXCEPTION SUMMARY (385 Mortgage Loans)

The table below summarizes the individual exceptions which carried an associated “B”, “C”, or “D” level exception grade. One loan may have carried more than one exception. The overall loan grade is the lowest grade for any one particular review scope (ex. a loan with a Compliance Grade of “B”, a Credit Grade of “A”, and a Property Grade of “A” would receive an overall Loan Grade of “B”).

 

SitusAMC (Clarity) (376 Mortgage Loans)

 

Exception
Type
DBRS Final
Exception
Rating
Exception Category Total
Compliance B TRID 320
TRID Defect 187
Missing Disclosure 52
State HPML 48
ECOA 40
Federal HPML 25
RESPA 22
Compliance 11
ATR/QM 8
ATR/QM Defect 8
Misc. State Level 6
Missing Non-Required Data 4
TILA 3
FACTA 2
Loan Package Documentation 2
Missing, Incorrect, or Incomplete Final or Initial 1003 1
GSE 1
TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form 1

 

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    Flood 1
Total Compliance Grade (B) Exceptions: 742
Total Compliance Exceptions: 742
Credit B Guideline 137
Credit 22
Loan Package Documentation 10
Borrower and Mortgage Eligibility 7
Income / Employment 6
Missing Document 5
Asset 4
Property - Appraisal 4
Fix and Flip 2
Insurance 2
Total Credit Grade (B) Exceptions: 199
Total Credit Exceptions: 199
Property B Property - Appraisal 26
Total Property Grade (B) Exceptions: 26
Total Property Exceptions: 26
Grand Total: 967

 

Exception
Type
Fitch Final
Exception
Rating
Exception Category Total
Compliance B TRID 320
TRID Defect 187
Missing Disclosure 52
State HPML 48
ECOA 40
Federal HPML 25
RESPA 22
ATR/QM Defect 15
Compliance 11
ATR/QM 8
Misc. State Level 6
Missing Non-Required Data 4
TILA 3
FACTA 2
Loan Package Documentation 2
Missing, Incorrect, or Incomplete Final or Initial 1003 1
GSE 1
TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form 1
Flood 1

 

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    Total Compliance Grade (B) Exceptions: 749
Total Compliance Exceptions: 749
Credit B Guideline 137
Credit 22
Loan Package Documentation 10
Borrower and Mortgage Eligibility 7
Income / Employment 6
Missing Document 5
Asset 4
Property - Appraisal 4
Fix and Flip 2
Insurance 2
Total Credit Grade (B) Exceptions: 199
Total Credit Exceptions: 199
Property B Property - Appraisal 26
Total Property Grade (B) Exceptions: 26
Total Property Exceptions: 26
Grand Total: 974

 

SitusAMC (TIGRE) (9 Mortgage Loans)

 

Exception
Type
DBRS Final
Exception
Rating
Exception Category Total
Compliance B RESPA 1
Total Compliance Grade (B) Exceptions: 1
Total Compliance Exceptions: 2
Credit B Miscellaneous 5
Guideline 1
Total Credit Exceptions: 6
Grand Total: 7

 

Exception
Type
Fitch Final
Exception
Rating
Exception Category Total
Compliance B RESPA 2
Total Compliance Grade (B) Exceptions: 2
Total Compliance Exceptions: 2
Credit B Miscellaneous 5
Guideline 1
Total Credit Exceptions: 6
Grand Total: 8

 

DATA INTEGRITY REVIEW RESULTS SUMMARY SitusAMC (Clarity) (376 Mortgage Loans)

 

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AMC compared data fields on the bid tape provided by the Client to the data found in the actual file as captured during the Compliance Review. The number of fields included and reviewed on a bid tape can vary by counterparty and by the time period of the transaction. The information provided below is based upon the relevant data capture and bid tape elements for a specific transaction, as may be unique for that transaction, within the reviews that occurred to the associated mortgage loans that are included in the securitization population.

 

In total, data variances were found on 156 (41.49%) mortgage loans reviewed across 41 unique data field in the sample. Please note that not all data fields would have been available for all loans.

 

Label Delta(s) Accuracy
Doc Type 87 76.80%
Margin 68 81.87%
Property Type 35 90.67%
Representative FICO 17 95.47%
LTV Valuation Value 13 96.53%
Interest Rate Life Cap 7 98.13%
Note Date 6 98.40%
Total Debt Ratio 6 98.40%
Original LTV 5 98.67%
Refi Purpose 5 98.67%
Cash To Borrower 4 98.93%
Appraised Value 4 98.93%
Contract Sales Price 4 98.93%
Appraisal Date 4 98.93%
MERS Min Number 4 98.93%
Origination Company Name 4 98.93%
Original CLTV 3 99.20%
City 3 99.20%
Secondary Appraisal Date 3 99.20%
Investor: Qualifying Total Debt Ratio 2 99.47%
Street 2 99.47%
Interest Rate Initial Floor 2 99.47%
Borrower First Name 2 99.47%
Borrower Last Name 2 99.47%
Original Interest Rate 2 99.47%
Maturity Date 2 99.47%
Coborrower Self-Employed? 2 99.47%
First Interest Rate Change Date 1 99.73%
Borrower FTHB 1 99.73%
Original Loan Amount 1 99.73%
Lookback Period 1 99.73%
Zip 1 99.73%
Original P&I 1 99.73%
# of Units 1 99.73%

 

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First Payment Date 1 99.73%
Total Cash-out 1 99.73%
Amortization Term 1 99.73%
Original Term 1 99.73%
Occupancy 1 99.73%
Cash From Borrower 1 99.73%
Borrower SSN 1 99.73%
Total 312 16.80%

 

ADDITIONAL SUMMARY SitusAMC (Clarity) (376 Mortgage Loans)

Some % of Loans may not add to 100% due to rounding

 

Amortization Type Loan
Count
% of
Loans
Original
Balance
% of
Balance
Fixed 159 42.29% $49,743,190.00 27.09%
Adjustable 217 57.71% $133,849,661.00 72.91%
Total 376 100.00% $183,592,851.00 100.00%
         
Lien Position Loan
Count
% of
Loans
Original
Balance
% of
Balance
1 376 100.00% $183,592,851.00 100.00%
Total 376 100.00% $183,592,851.00 100.00%
         
Loan Purpose Loan
Count
% of
Loans
Original
Balance
% of
Balance
Cash Out: Debt Consolidation 13 3.46% $4,195,950.00 2.29%
Cash Out: Home Improvement/Renovation 3 0.80% $466,100.00 0.25%
Cash Out: Other/Multi-purpose/Unknown Purpose 87 23.14% $40,651,435.00 22.14%
First Time Home Purchase 86 22.87% $36,255,976.00 19.75%
Other-than-first-time Home Purchase 166 44.15% $92,552,755.00 50.41%
Rate/Term Refinance - Borrower Initiated 21 5.59% $9,470,635.00 5.16%
Total 376 100.00% $183,592,851.00 100.00%
         
Original Term Loan
Count
% of
Loans
Original
Balance
% of
Balance
241-360 Months 366 97.34% $169,736,837.00 92.45%
361+ Months 10 2.66% $13,856,014.00 7.55%
Total 376 100.00% $183,592,851.00 100.00%
         
Property Type Loan
Count
% of
Loans
Original
Balance
% of
Balance
Single Family Detached 173 46.01% $87,911,137.00 47.88%
Condo, Low Rise 45 11.97% $11,418,616.00 6.22%
Condo, High Rise 20 5.32% $15,154,880.00 8.25%
PUD 98 26.06% $51,817,243.00 28.22%

 

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Townhouse 1 0.27% $300,000.00 0.16%
1 Family Attached 8 2.13% $5,779,100.00 3.15%
2 Family 19 5.05% $6,021,125.00 3.28%
3 Family 4 1.06% $1,612,500.00 0.88%
4 Family 8 2.13% $3,578,250.00 1.95%
Total 376 100.00% $183,592,851.00 100.00%
         
Occupancy Loan
Count
% of
Loans
Original
Balance
% of
Balance
Primary 236 62.77% $135,572,417.00 73.84%
Investment 111 29.52% $38,038,638.00 20.72%
Second Home 29 7.71% $9,981,796.00 5.44%
Total 376 100.00% $183,592,851.00 100.00%

 

SitusAMC (TIGRE) (9 Mortgage Loans)

Some % of Loans may not add to 100% due to rounding

 

Amortization Type Loan Count % of Loans
Fixed 4 44.44%
Adjustable 5 55.56%
Total 9 100.00%
     
Lien Position Loan Count % of Loans
1 9 100.00%
Total 9 100.00%
     
Loan Purpose Loan Count % of Loans
Purchase 9 100.00%
Total 9 100.00%
     
Original Term Loan Count % of Loans
361+ Months 9 2.66%
Total 9 100.00%
     
Property Type Loan Count % of Loans
Single Family Detached 5 55.56%
Condo, Low Rise 1 11.11%
PUD 3 33.33%
Total 9 100.00%
     
Occupancy Loan Count % of Loans

 

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Primary 6 66.67%
Investment 2 22.22%
Second Home 1 11.11%
Total 9 100.00%

 

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Loan Level Exception - Disposition                                                                                                
Customer loan ID Edgar Loan ID Seller Loan ID Borrower Name Original Loan Amount State Note Date Occupancy Purpose QM Status Overall Grade Credit Grade Credit Exceptions Credit Exception Information Credit Exception Comments Property Grade Property Exceptions Property Exception Information Property Exception Comments Compliance Grade Compliance Exceptions Compliance Exception Information Compliance Exception Comments Compliance Comp Factors Compensating Factors Subject to High Cost - Unable to Test Disposition 2 DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P
XXXX 22NQM2 - 113 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Documentation - Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Per Guidelines page 27/35 -  VOR paid as agreed for most recent 12 months is required. REVIEWER - WAIVED COMMENT (2019-05-05): Waived by client w/ comp factors noted
REVIEWER - GENERAL COMMENT (2019-05-05): Seller provided 3rd party verification of self employment, however the VOR was not provided.  Exception remains.
BUYER - GENERAL COMMENT (2019-05-05): Attached is CPA letter for exception ID 1847142 - Exception:  Ability to Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship employment status using reasonably reliable third-party records. (XXXX/Schedule C)
REVIEWER - GENERAL COMMENT (2019-05-05): Seller provided bank statements to show monthly payments were made, however there is no evidence in bank statements that funds were paid for rent.  Additionally, not all statements include a $4000 wire out.  Cancelled checks would be sufficent to support a non-institutional VOR, but in this case do not verify sufficiently on their own.  A VOR is still required.  Exception remains.
BUYER - GENERAL COMMENT (2019-05-05): Seller:   Attached are 11 months bank statements (XX/XX/XXXX) with XXXX #XXX showing electronic debit to XXXX Wire Out - Dom of XXX for monthly rental.  April 2015 statements shows April & May were paid at the beginning and end of the month.  This should cure this exception.
1       2 [2] Federal Compliance - RESPA (2010) -   GFE Settlement charges Good Thru Date Less than 10 Days: RESPA (2010):  GFE does not provide minimum ten (10) business day availability for estimate of charges and terms for all other settlement charges.
[2] Closing / Title - (Doc Error) TIL Error: Final TIL not signed by all required parties
  BUYER - WAIVED COMMENT (2019-05-05): XXCP considers informational non-material
BUYER - WAIVED COMMENT (2019-05-05): XXCP considers informational non-material
Federal Compliance - RESPA (2010) -   GFE Settlement charges Good Thru Date Less than 10 Days: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Closing / Title - (Doc Error) TIL Error: Final TIL not signed by all required parties: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.
Job stability - 17 years, $XXXXresidual income, 26 months reserves, 690 FICO.   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 105 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Application / Processing - Missing Document: AUS not provided   REVIEWER - WAIVED COMMENT (2019-05-05): Client elects to waive. 1       1         814 representative FICO score > 660 guideline minimum - 154 points above guideline minimum   - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 106 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Miscellaneous - Credit Exception: Most recent 2 months bank statements need to be pulled directly from financial institution by originator or be certified true by bank officer. REVIEWER - WAIVED COMMENT (2019-05-05): Client elects to waive.
REVIEWER - GENERAL COMMENT (2019-05-05): Bank statements provided by borrower do not meet guideline requirement set in the exception.  Must be pulled by originator or certified true by bank officer.
BUYER - GENERAL COMMENT (2019-05-05): please see bank statements provided by client
1       1 [1] State Compliance - Connecticut HB5577 NP Threshold Test Fixed Loans: Connecticut Non-Prime Home Loan: APR on subject loan of 5.83680% or Final Disclosure APR of 5.83800% is in excess of allowable threshold of APOR 3.46% + 1.5%, or 4.96000%.  Compliant Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.83680% or Final Disclosure APR of 5.83800% is in excess of allowable threshold of APOR 3.46% + 1.5%, or 4.96000%.  Compliant Higher Priced Mortgage Loan.
  BUYER - WAIVED COMMENT (2019-05-05): Connecticut Non-Prime Home Loan allowed per XX program.  Non-material.
REVIEWER - WAIVED COMMENT (2019-05-05): EV1: Compliant HPML acceptable to client guidelines.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability. 10 months reserves > 3 months guideline minimum

798 representative FICO score > 620 guideline minimum - 178 points above guideline minimum

Borrower has employment stability for 14 years in Day Care

Borrower has owned the subject property for 20 years

Borrower's overall monthly debt payment decreased by 28.1XX% per month with this refinance
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 108 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Asset Documentation - Assets Error: Accounts are missing
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 12.00.
Verification that funds have been liquidated is required for XXXX.  $XXX included in the asset calculations for now.  Reserves and cash to close amounts subject to change.  Also missing second month's statement for accounts #XXX and XXX.
Allowing for unsourced wire of $XXX, amount is less than the $XXX file originally listed in submission package.  Reserves are short.
REVIEWER - WAIVED COMMENT (2019-05-05): Waived by client w/ comp factors
BUYER - WAIVED COMMENT (2019-05-05): Asset docs
REVIEWER - GENERAL COMMENT (2019-05-05): Missing source of $XXX received on 10/11.  BDP Investments is not listed in submission file.
BUYER - GENERAL COMMENT (2019-05-05): Asset docs
REVIEWER - WAIVED COMMENT (2019-05-05): Waived by client w/ comp factors
BUYER - WAIVED COMMENT (2019-05-05): Investment in XXXX verified with 3rd party records
1       2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 6.19700% or Final Disclosure APR of 6.23100% is in excess of allowable threshold of APOR 3.20% + 1.5%, or 4.70000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.19700% or Final Disclosure APR of 6.23100% is in excess of allowable threshold of APOR 3.20% + 1.5%, or 4.70000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Seller Closing Disclosure: TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure: Seller CD in file is estimated.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Signature/Notary date is XX/XX/XX, Final CD discloses a Closing date of XX/XX/XX.
BUYER - WAIVED COMMENT (2019-05-05): California HPML allowed per XX program
BUYER - WAIVED COMMENT (2019-05-05): Fed HPML allowed by XX Capital
BUYER - WAIVED COMMENT (2019-05-05): seller CD
REVIEWER - GENERAL COMMENT (2019-05-05): No Seller CD found in uploads.
REVIEWER - GENERAL COMMENT (2019-05-05): Seller CD provided is estimated.
BUYER - GENERAL COMMENT (2019-05-05): seller CD
REVIEWER - CURED COMMENT (2019-05-05): Data correct on subsequent CDs (XXXX).
REVIEWER - GENERAL COMMENT (2019-05-05): Unable to locate Final CD in uploads.
REVIEWER - GENERAL COMMENT (2019-05-05): No corrected CD provided that reflects 10/8 closing date.
BUYER - GENERAL COMMENT (2019-05-05): Final CD
State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
XX% DTI, job stability - 11 years, $XX rssidual income   - D D D D D B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 107 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Application / Processing - Missing Document: Other not provided Borrower's ATR Certification not provided. REVIEWER - WAIVED COMMENT (2019-05-05): As for the ATR Cert, please waive with compensating factors:
REVIEWER - GENERAL COMMENT (2019-05-05): ATR Cert must be executed by borrowers.
BUYER - GENERAL COMMENT (2019-05-05): ATR Certification
1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Translation Services.  Fee Amount of $1,704.62 exceeds tolerance of $968.00. (7543)
[1] Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are greater than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for (Translation Services fee) of ($736.62) was not provided.
Federal Compliance - TRID - Fee Tolerance without Cure: Cure for (Translation Services fee) of ($736.62) was not provided.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Fee disclosed as ($968.00) on (LE dated XX/XX/XXXX but disclosed as ($1704.62) on Final Closing Disclosure.
Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $12,201.23, while closing CD seller's fees total $8326.23.
REVIEWER - CURED COMMENT (2019-05-05): Corrected on PC CD, along with refund and LOE, curing exception.
BUYER - GENERAL COMMENT (2019-05-05): LOE and proof of shipping have been uploaded
BUYER - GENERAL COMMENT (2019-05-05): PCCD attached.
REVIEWER - CURED COMMENT (2019-05-05): Corrected on PC CD, along with refund and LOE, curing exception.
REVIEWER - CURED COMMENT (2019-05-05): Corrected on PC CD, along with refund and LOE, curing exception.
REVIEWER - GENERAL COMMENT (2019-05-05): Seller provided PC CD, refund and shipping evidence, however the PC CD was not properly corrected.  Bottom line of page 2 lender credits should reflect a tolerance refund on far left and top of page 3 calculating cash to close section total closing costs should reflect the amount exceeding the legal limit.
BUYER - WAIVED COMMENT (2019-05-05): Non-material, CD disclosed only seller paid fees paid on behalf of borrower
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
28 months of reserves

34% DTI < 43% guideline max

Borrower has a disposable income of $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 109 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.72500% or Final Disclosure APR of 6.72700% is in excess of allowable threshold of APOR 3.27% + 1.5%, or 4.77000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees: TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX)
Federal Compliance - Federal HPML 2014 Compliant: Verified fees were input correctly.
Federal Compliance - TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees: Seller CD reflects $27,016.  Borrower's CD reflects $27,016 + $499 paid before closing.
REVIEWER - WAIVED COMMENT (2019-05-05): EV1: Compliant Federal HPML, allowable by client.
BUYER - WAIVED COMMENT (2019-05-05): Non-material, Borrower's CD reflects only seller paid fees paid on behalf of borrower
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 110 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ARM Disclosure Status: TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.
[2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.14950% or Final Disclosure APR of 6.26300% is in excess of allowable threshold of APOR 3.24% + 2.5%, or 5.74000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are greater than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Report date XX/XX/XXXX Effective date XX/XX/XXXX Provided date XX/XX/XXXXFederal Compliance - TRID Final Closing Disclosure Total Interest Percentage: Disclosure reflects TIP of (125.27XX%) but calculated TIP is (123.09XX%).   Unable to determine index value used by lender.  Used Index Value = (1.6456%) for testing.
Federal Compliance - Federal HPML 2014 Compliant: Verified fees were input correctly.
Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: Seller's CD reflects $65,205.40.  Borrower's CD reflects $10,373
BUYER - WAIVED COMMENT (2019-05-05): XX approves, Borrower received ToolKit and Charm Booklet as well as LE and CD which all outline ARM componeXX/XX/XXXXs during the origination process.
REVIEWER - GENERAL COMMENT (2019-05-05): Seller providedXX/XX/XXXX disclosure, however the ARM disclosure must be within 3 days of XX/XX/XXXX, when loan was redisclosed as ARM product.  Exception remains.
BUYER - GENERAL COMMENT (2019-05-05): ARM disclosure attached
BUYER - WAIVED COMMENT (2019-05-05): Non-material, the original appraisal was singed and completed on Nov 13th and provided to borrower on 11/16.  Appraisal revision did not impact Value.
REVIEWER - GENERAL COMMENT (2019-05-05): Seller response indicates borrower was provided an initial copy of appraisal report, however borrower is entitled to final report.  Please provide evidence appraisal used as final in file dated XX/XX/XXXX was received after report date and at least 3 days prior to closing as no 3 day waiver is present in file to clear the exception.
BUYER - GENERAL COMMENT (2019-05-05): The original appraisal was signed and completed in Nov 13th.
The reason that the date of signature changes is that the appraiser updates his signature date any time a revision is made.  Often times there are revisions requested in underwriting.  So the timing of delivery is actually correct because that is when the original appraisal was completed.
BUYER - WAIVED COMMENT (2019-05-05): Non-material, TIP over disclosed.
REVIEWER - GENERAL COMMENT (2019-05-05): Seller provided compliance report verifying index of 1.646% was used for qualification.  Unable to further determine cause of discrepancy.  XXX calc used 60 payments@XXX, 299@XXX, 1@XXX for total of $XXXX.  After deducting loan amount of $XXXX and adding per diem interest of $XXXX, total interest paid is $XXXX/loan amount $XXX=XXX%.  Exception remains.
BUYER - GENERAL COMMENT (2019-05-05): please see client's compliance report
REVIEWER - WAIVED COMMENT (2019-05-05): Compliant HPML acceptable to client, EV1
BUYER - WAIVED COMMENT (2019-05-05): Consumer CD reflects only seller fees paid on behalf of borrower, Non-material
Federal Compliance - ARM Disclosure Status: TILA - subject to a 1 year SOL for affirmative claims under TILA

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 111 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00. Guidelines require 3 month reserves; borrower has XX . REVIEWER - WAIVED COMMENT (2019-05-05): XX is going to apply a waiver with compensating factors on the below exception.  It's a discontinued entity.
REVIEWER - GENERAL COMMENT (2019-05-05): Upon review of additional account, please provide explanation for $XXXX deposit on XX/XX/XXXX Otherwise, the account is not positive after backing out large unexplained deposit.
BUYER - GENERAL COMMENT (2019-05-05): Please provide asset documentation for the XXXX
1       2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 6.42510% or Final Disclosure APR of 6.44700% is in excess of allowable threshold of APOR 3.43% + 2.5%, or 5.93000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Recording Service Fee.  Fee Amount of $19.00 exceeds tolerance of $0.00. (8325)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.42510% or Final Disclosure APR of 6.44700% is in excess of allowable threshold of APOR 3.43% + 2.5%, or 5.93000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Disclosure reflects 12 months of Homeowner's Insurance collected at $2,921.28 or $243.44 monthly; escrow section reflects monthly homeowner's insurance as $273.44.
Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: Seller paid fees on the buyers Closing Disclosure is $0; seller paid fess on sellers Closing Disclosure is $65,493. Seller paid fees not listed on the borrowers Final CD, Archiving fee of $40, Escrow fee of $850, Wire fees of $60, Transfer Tax of $1,320, Unknown of $5,000, Home Warranty of $860, NHD report of $89, Borrower Realtor Commission of $31,250, Seller Realtor Commission of $25,000 and Owner's Title of $1,014.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for various 0% tolerance violations $19 was not provided.
Federal Compliance - TRID - Fee Tolerance without Cure: No cure was found related to the zero tolerance recording service fee.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Recording Service fee disclosed as $0 on the LE dated XX/XX/XXXXbut disclosed as $19 on the Final Closing Disclosure.
BUYER - WAIVED COMMENT (2019-05-05): California HPML allowed per XX program
REVIEWER - CURED COMMENT (2019-05-05): Corrected CD provided, curing the exception.
BUYER - GENERAL COMMENT (2019-05-05): CD with correct escrow provided
BUYER - WAIVED COMMENT (2019-05-05): Non-material, CD discloses only seller fees paid on behalf of the borrower
REVIEWER - GENERAL COMMENT (2019-05-05): Performed compliance review with Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
REVIEWER - CURED COMMENT (2019-05-05): Cured with PC CD and refund
BUYER - GENERAL COMMENT (2019-05-05): PC CD provided
REVIEWER - GENERAL COMMENT (2019-05-05): PC CD was not provided, LOE, shipping and refund were included but no actual CD was provided.  Unable to cure.
BUYER - GENERAL COMMENT (2019-05-05): please see cure documents, PC CD and refund documentation, should clear multiple exceptions
REVIEWER - GENERAL COMMENT (2019-05-05): Fees in this section other than rcording are 0%, IE transfer tax.  If it were in title- section of fees and paid to same title agent, it would be outside of the 0% requirement.
BUYER - GENERAL COMMENT (2019-05-05): We think this fee should be a 10% tolerance fee, can you review?
REVIEWER - CURED COMMENT (2019-05-05): Cured with PC CD and refund
REVIEWER - CURED COMMENT (2019-05-05): Cured with PC CD and refund
REVIEWER - WAIVED COMMENT (2019-05-05): level 1
State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
34% DTI < 43% guideline max

670 representative FICO score > 600 guideline minimum

Borrower has a disposable income of $19k
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 112 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 5.82510% or Final Disclosure APR of 5.84800% is in excess of allowable threshold of APOR 3.23% + 1.5%, or 4.73000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $850.00 exceeds tolerance of $500.00.  Insufficent or no cure was provided to the borrower. (7506)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.82510% or Final Disclosure APR of 5.84800% is in excess of allowable threshold of APOR 3.23% + 1.5%, or 4.73000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
State Compliance - California HPML Threshold Test: Verified fees were input correctly.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: CD reflects $1012.50, calculates to be $1098.  ($91.50 x 12).
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: CD reflects $200, calculates to be $3539.56.
Federal Compliance - Federal HPML 2014 Compliant: Verified fees were input correctly.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Disclosure reflects Closing Date of XX/XX/XXXX), but transaction consummation (mortgage notary) date was XX/XX/XXXX).
BUYER - WAIVED COMMENT (2019-05-05): California HPML allowed under XX program
REVIEWER - CURED COMMENT (2019-05-05): Cured on PC CD
REVIEWER - CURED COMMENT (2019-05-05): Cured on PC CD and with COC for lender credit.
REVIEWER - CURED COMMENT (2019-05-05): Cured on PC CD and with refund
REVIEWER - WAIVED COMMENT (2019-05-05): Compliant HPML acceptable to client
REVIEWER - CURED COMMENT (2019-05-05): Cured on PC CD
BUYER - GENERAL COMMENT (2019-05-05): please see PC CD
State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 115 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Loan was approved and submitted to SG at XX%, however this loan does not qualify for Credit Access 50% max due to bank statement income. REVIEWER - WAIVED COMMENT (2019-05-05): XXCP approved this DTI at bid.
BUYER - GENERAL COMMENT (2019-05-05): DTI exception was granted during bid (1/25 - prior to diligence).  Comp factors - XXX FICO, XX months reserves, job stability - 5+ years, $XX residual income
1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.42850% or Final Disclosure APR of 7.49400% is in excess of allowable threshold of APOR 3.66% + 2.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.   REVIEWER - WAIVED COMMENT (2019-05-05): Compliant HPML acceptable to client Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability. 13 months reserves

693 fico

Borrower has job stability for 5 years.

disposable income of $XXXX

Guideline variance approved by lender at time of origination.  SG granted an exception during the bid process.
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 114 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX did not disclose number of months for Property Tax under Prepaids. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.35840% or Final Disclosure APR of 8.42400% is in excess of allowable threshold of APOR 4.36% + 1.5%, or 5.86000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Final Closing Disclosure reflects lender will allow assumptions under certain conditions. Assumption language is not included in the promissory note.
Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: Line 6 of Section F, number of months is blank.
Federal Compliance - TRID Final Closing Disclosure Closing Date: CD closing date isXX/XX/XXXXclosing date isXX/XX/XXXX.
REVIEWER - CURED COMMENT (2019-05-05): Corrected on PC CD
BUYER - WAIVED COMMENT (2019-05-05): Non-material, pre-paid taxes were paid by seller.  Approx.  12 months were paid.  Monthly tax fee is $106.83, Prepaid amount $1256.32
REVIEWER - GENERAL COMMENT (2019-05-05): New PC CD is still not correct, line f-06 lists real estate taxes -2016(Jan).  This does not display the number of months prepaid so it does not cure the exception.  Exception remains.
BUYER - GENERAL COMMENT (2019-05-05): please see PC CD
REVIEWER - GENERAL COMMENT (2019-05-05): not corrected on PC CD
BUYER - GENERAL COMMENT (2019-05-05): revised CD.
REVIEWER - WAIVED COMMENT (2019-05-05): EV1 exception, compliant HPML acceptable to client
REVIEWER - GENERAL COMMENT (2019-05-05): This was not corrected on PC CD
REVIEWER - CURED COMMENT (2019-05-05): Corrected CD provided to borrower.
BUYER - GENERAL COMMENT (2019-05-05): revised CD.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 217 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing: FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure.
[2] Federal Compliance - RESPA (2010) -  "Can your interest rate rise?" on Final HUD-1 Inaccurate: RESPA (2010): "Can your interest rate rise?" on Final HUD-1 does not match Amortization type for loan.
[2] Federal Compliance - RESPA (2010) -  Can Your Loan Payment Rise on Final HUD-1 Inaccurate : RESPA (2010): Final HUD-1 indicates that payments cannot rise on loan containing increasing payments.
  REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
Federal Compliance - Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing: Liability for violations cannot be transferred to a subsequent purchaser of a loan.

Federal Compliance - RESPA (2010) -  "Can your interest rate rise?" on Final HUD-1 Inaccurate: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - RESPA (2010) -  Can Your Loan Payment Rise on Final HUD-1 Inaccurate : RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 216 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] Miscellaneous - Credit Exception: Approved exceptions: 1) Mortgage lates in  XXXX and XXXXon previous residence.  Requesting exception to allow 12 months mortgage rating covering XXX to XXX.  12 months ratings on file verifying paid as agree.  2) Borrowers own the property for less than 12 months.  Requesting to allow LTV to be based on the current appraised value.  Purchased XXXX, with 8 months seasoning only. REVIEWER - RE-OPEN COMMENT (2019-07-17): To add compensating factors
REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived
1       2 [2] Federal Compliance - RESPA (2010) -  Maximum payment on Final HUD-1 Inaccurate: RESPA (2010): Maximum payment on Final HUD-1 does not match actual maximum payment.   REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system Federal Compliance - RESPA (2010) -  Maximum payment on Final HUD-1 Inaccurate: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations. XX months reserves > 3 months guideline minimum -

Payment reduction

Residual income of $XXXX, required residual $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 218 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Approved Exception - Allow disputed trade lines to remain on the borrowers credit report. REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived 1       2 [2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/466)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/465)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/464)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/466)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/465)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/464)
[2] Federal Compliance - TRID Final Closing Disclosure Fee Terminology and Order: TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology or did not list the fees in the same sequential order as the Loan Estimate. (FinXX/XX/XXXX015)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX015)
[2] Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/488)
[2] Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/487)
[2] Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/486)
[2] Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/488)
[2] Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/487)
[2] Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/486)
[2] Federal Compliance - TRID Revised Loan Estimate Timing Before Closing: TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on XX/XX/XXXX not received by borrower at least four (4) business days prior to closing. (InterXX/XX/XXXX015)
Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Final Closing Disclosure Fee Terminology and Order: Final CD changed the Homeowners Insurance to Hazard Insurance and Property Taxes to County Property Tax
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: Disclosure reflects $1,506,482.40, yet actual is $1,491,452.22.  Variance = $15030.18.  This has been tested using the index value indicated in the loan file (.88615).
Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.
Federal Compliance - TRID Revised Loan Estimate Timing Before Closing: Disclosure was not signed.  Using the 3 day rule the disclosure was not provided 4 business days prior to closing.
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on post consummation Closing Disclosure datedXX/XX/XXXX reflecting the correct escrows as homeowner's insurance and property taxes.
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - CURED COMMENT (2019-07-17): Corrected CD Provided
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): LE to consummation, not enough days.  LE issued XX/XX/XXXX not opened electronically USPS count consummation should not occur until XX/XX/XXXX consummation occurred on XX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Fee Terminology and Order: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Timing Before Closing: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
38 months reserves > 18 months guideline minimum

Residual income, $7436.58, is in excess of the program requirement of $3979.54
  - C D C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 219 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Home Improvement   2 2 [2] Miscellaneous - Credit Exception:
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of 3.00 is less than Guideline PITIA months reserves of 6.00.
Approved exception:  Allow loan amount under the minimum requirement of $100,000 per guidelines.
Lender approved an exception allowing for 3 months reserves versus the 6 months required per the guidelines.
REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived
REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived
1       1         Additional income (overtime and shift differential that is not being included in the effective income.

DTI of 29.72% is below the max of 43%

The require residual income is $XXXX, the actual residual income is $XXXX
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 220 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] Mortgage / Program Eligibility - Guideline Requirement: Total debt ratio discrepancy.: Calculated total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%.
Lender Approved exceptions: 1 - No 3 years of continuance of spousal support as sole income for borrower.  Per divorce decree borrower will receive alimony until XX/XXXX but the ex was required to pay 6 months upfront. 2 - To use current appraised value as subject was purchased less than 12 months ago on XX/XX/XXXX.
Lender grossed up alimony income.
REVIEWER - WAIVED COMMENT (2019-07-17): Lender approved an exception
REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that guidelines allow DTI up to 55% and that the borrower meets the criteria for the expanded ratios and provided an updated XX/XX/XXXX refinance.  Condition remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that guidelines allow DTI up to 55% and that the borrower meets the criteria for the expanded ratios and provided an updated 1008/1003.
1       1         31.46 months in reserves is above program requirements of 3

74% LTV is list than guideline max of 80%

74% LTV is list than guideline max of 80%

LTV of 74% is below max allowed of 80%

Residual income of $XXXX, the actual residual income is $XXXX
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 221 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Eligibility - Guideline Issue: Derogatory consumer credit outside of credit guidelines Guidelines allow foreclosure if it is seasoned 24 months. Borrower has Foreclosure datedXX/XX/XXXXwhich is <24 months in age. Lender Exception in file approves this. REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived 1       2 [2] Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure AIR Table Index And Margin: TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Closing Disclosure provided on XX/XX/XXXX did not disclose Index or Margin. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Fee Terminology and Order: TILA-RESPA Integrated Disclosure: Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology or did not list the fees in the same sequential order as the Loan Estimate. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Principal and Interest Change After Closing: TILA-RESPA Integrated Disclosure - Loan Terms: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the Principal and Interest Payment can change. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Summaries Of Transactions - Deposit: TILA-RESPA Integrated Disclosure - Summaries of Transactions: Closing Disclosure provided on XX/XX/XXXX did not disclose the Deposit. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Adjustments: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Adjustments and Other Credits. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Deposit: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Down Payment: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Down Payment/Funds from Borrower. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure With Seller Value - Seller Credit: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX did not disclose the Final value of Seller Credit. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Service Provider - Compliant: TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $13.66 exceeds tolerance of $.00. (7520)
Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: On interim CD XX/XX/XXXX Calculating Cash to Close on pg 3 shows $0 cure; CD pg 2 shows $13.66 cure provided.
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TIP disclosed as 127.352%, vs re-calculated TIP of 123.007%.
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: Lender used incorrect Fully indexed rate of 6.250 in place of either 6.125 or 6.000.
Federal Compliance - TRID Interim Closing Disclosure AIR Table Index And Margin: Table missing Index and Margin.
Federal Compliance - TRID Interim Closing Disclosure Fee Terminology and Order: Final LE disclosed the following fees: Section B - Tax Service Fee; Section C - Lender Required Survey Fee, Title - Closing/Settlement/Attorney Fee, Title - Lender Title Insurance, Title - Title Endorsement, Title - Wire Transfer Fee. The same fees are reflected as follows (respectively) on the initial CD: Section B - Tax Svc Fee. Section C - Title - Required Survey Fee, Title - Settlement Fee, Title - Lender's Title Insurance, Title - Lender's Title Endrsmnts, Title - Seller wire fee, Further, the fees in section C of initial CD are not listed alphabetically.
Federal Compliance - TRID Interim Closing Disclosure Principal and Interest Change After Closing: ARM loan, interim CD shows monthly principal and Interest (pg 1) cannot change.
Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Adjustments: CD shows Loan Estimate as $0 vs Final as $516.94 but shows "No" in "Did this Change" column.
Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Down Payment: Both LE and Final column show figure of $XXXX, but shows "Yes" in "Did this Change" column.
Federal Compliance - TRID Interim Closing Disclosure With Seller Value - Seller Credit: Field is blank.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: $13.66 cure was apparent on the Final CD
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the amount that exceeds the legal limit on pg 3 as $13.66.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the amount that exceeds the legal limit on pg 3 as $13.66.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 125.174% which matches the calculated TIP of 125.17$%.  Condition cured.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 125.174% which matches the calculated TIP of 125.174%.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 125.174%.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $458,133.25 which is within tolerance of the calculated TOP of $458,133.26.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $458,133.25.
REVIEWER - CURED COMMENT (2019-07-17): Changed to Cure - was corrected on subsequent CDs
REVIEWER - RE-OPEN COMMENT (2019-07-17): Re-opened to change from Cleared to Cured (XXXX)
REVIEWER - WAIVED COMMENT (2019-07-17): Per compliance waived to 2
REVIEWER - CURED COMMENT (2019-07-17): Lender correctXX/XX/XXXX016 and subsequent post consummation disclosure.
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX and the Loan Estimate dated XX/XX/XXXX.  Both disclosures have fees in the same ordXX/XX/XXXX16 reflects the fees not in the same order and uses different terminology.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX and the Loan Estimate dated XX/XX/XXXX.
REVIEWER - CURED COMMENT (2019-07-17): Lender correctXX/XX/XXXX016 and subsequent post consummation disclosure.
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the interest rate can change along with the adjustment terms.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the interest rate can change along with the adjustment terms.
REVIEWER - CURED COMMENT (2019-07-17): Lender correctXX/XX/XXXX016 and subsequent post consummation disclosure.
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the deposit.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the deposit.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the answer to Adjustments and Other Credits changing as Yes.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the answer to Adjustments and Other Credits changing as Yes.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $XXXX with did it change answered Yes.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $XXXX with did it change answered Yes.
REVIEWER - CURED COMMENT (2019-07-17): Lender correctXX/XX/XXXX016 and subsequent post consummation disclosure.
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $XXXX with did it change answered Yes.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $XXXX with did it change answered Yes.
REVIEWER - CURED COMMENT (2019-07-17): Lender correctXX/XX/XXXX016 and subsequent post consummation disclosure.
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the Seller Credit as $0.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the Seller Credit as $0.
REVIEWER - WAIVED COMMENT (2019-07-17): SSPL provided at application was non-compliant with no providers listed, lender cured on a re-disclosed SSPl dated XX/XX/XXXX with providers listed.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing with lender credit.
Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure AIR Table Index And Margin: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Fee Terminology and Order: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Principal and Interest Change After Closing: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Summaries Of Transactions - Deposit: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Adjustments: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Deposit: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure With Seller Change - Down Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure With Seller Value - Seller Credit: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Service Provider - Compliant: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
110 months reserves > 6 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower on this (Documentation Type) documentation loan has a disposable income of $XXXX.
  - D D D D D B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 222 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Home Loan Toolkit Timing: Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.
[2] Federal Compliance - TRID Loan Estimate Alphabetical Fees: TILA-RESPA Integrated Disclosure:  Loan Estimate provided on XX/XX/XXXX did not list loan costs in alphabetical order. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,392.50 exceeds tolerance of $1,118.00 plus 10% or $1,229.80 (0)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $1,587.04 exceeds tolerance of $1,405.00. (7200)
Federal Compliance - TRID Loan Estimate Alphabetical Fees: Section C fees. title - courier, title - cpl fee and title - post closing fee are added after Title - Title Insurance Binder Fee.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: The lender did not provide a valid COC for the increase in discount point fees from locked Loan Estimate dated XX/XX/XXXX to same locked re-disclosed Loan Estimate dated XX/XX/XXXX.  The COC provided indicates only Change to borrower's interest rate lock which is not a valid COC to justify the increase in fees.
REVIEWER - CURED COMMENT (2019-07-17): The Diff is seller paid 5,500 and payment calc impact
REVIEWER - WAIVED COMMENT (2019-07-17): Per compliance waived to 2
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on final Closing Disclosure with a $345.70 credit of which $163.70 was for the 10% cure.
REVIEWER - CURED COMMENT (2019-07-17): Review of the file reflects that the credit report indicates the mortgage was included in BK and the BK docs in the file are from 20XX/XX/XXXX which would have been in the last 12 months and represents a valid COC for change in eligibility.  Using the XX/XX/XXXX LE as a baseline, discount point shortage was cured on the final Closing Disclosure.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the XX/XX/XXXX re-disclosure and increased discount points was due to a valid COC due to change in eligibility.  Lender provided a copy of the lock history with an explanation that the borrower had an previously unknown housing event <12 months which increased the pricing.
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Home Loan Toolkit Timing: TILA - 1yr affirmative.

Federal Compliance - TRID Loan Estimate Alphabetical Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 223 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing: RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Invalid Section B Combinations: TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided onXX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Lender Credit Tolerance: TILA-RESPA Integrated Disclosure - 0% tolerance violation:  Lender credit was decreased resulting in increased charge to borrower.
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: CD reflects TIP of 126.419% but calculated TIP of 124.243%, outside of .003% tolerance.
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: Not Permissible, appear to have used a FI rate of 6.25 instead of 6.125
Federal Compliance - TRID Invalid Section B Combinations: The collateral Desktop analysis fee was paid to the lender.  In order to be compliant it would have had to have been paid to the actual vendor (ClearCapital).
Federal Compliance - TRID Lender Credit Tolerance: CD issued 1/20 has credit of -$1155.65, final CD issued 1/21 does not reflect credit.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 124.244% which matches the calculated TIP of 124.244%.  Not curable under TRID regulations.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 124.244%.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $723,085.88 which matches the calculated TOP of $723,085.88 when lender/seller paid items are included.  Acceptable calculation method.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $723,085.88.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided post consummation Closing Disclosures datedXX/XX/XXXX &XX/XX/XXXX that reflect the Collateral Desktop Analysis payable to  which matches the invoice in the file.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided post consummation Closing Disclosures datedXX/XX/XXXX &XX/XX/XXXX that reflect the Collateral Desktop Analysis payable to .
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a cure of $1,155.65, a letter to the borrower indicating the cure datedXX/XX/XXXX, a copy of the check to the borrower in the amount of $1,155.65 and a fedex label with a ship date ofXX/XX/XXXX indicating cure was provided to borrower within 60 days of consummation.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a cure of $1,155.65, a letter to the borrower indicating the cure datedXX/XX/XXXX, a copy of the check to the borrower in the amount of $1,155.65 and a fedex label with a ship date ofXX/XX/XXXX.
Federal Compliance - RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Invalid Section B Combinations: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Lender Credit Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 226 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Borrower Paid Other Costs Total Section J: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed Total Closing Costs (Borrower-Paid) (Section J) that does not match sum of fees. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Lender Credits: TILA-RESPA Integrated Disclosure - Costs at Closing: Final Closing Disclosure provided onXX/XX/XXXX disclosed Lender Credits that does not match Lender Credits on page 2. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing: TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Costs Paid at Closing that does not match the Total Closing Costs (Borrower-Paid) from page 2. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Borrower Paid Total Closing Costs Section J: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed Total Closing Costs (Borrower-Paid) that does not match sum of fees. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Lender Credits: TILA-RESPA Integrated Disclosure - Costs at Closing: Closing Disclosure provided onXX/XX/XXXX disclosed Lender Credits that does not match Lender Credits on page 2. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing: TILA-RESPA Integrated Disclosure - Summaries of Transactions: Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Costs Paid at Closing that does not match the Total Closing Costs (Borrower-Paid) from page 2. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Mortgage Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed mortgage insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Mortgage Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed mortgage insurance under Prepaids that does not match amount per month calculation. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Projected Mortgage Insurance Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX did not disclose the mortgage insurance payment. (ProjSeq:2/4763)
[2] Federal Compliance - TRID Loan Estimate Projected Mortgage Insurance Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX did not disclose the mortgage insurance payment. (ProjSeq:2/4761)
[2] Federal Compliance - TRID Loan Estimate Title Fees: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Title Fees: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $56.66 exceeds tolerance of $50.00. (7520)
Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: No amount reflected as an amount that exceeds the legal limits in the calculating cash to close table.
Federal Compliance - TRID Final Closing Disclosure Borrower Paid Other Costs Total Section J: Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.
Federal Compliance - TRID Final Closing Disclosure Lender Credits: Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.
Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing: Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.
Federal Compliance - TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount: No amount reflected as an amount that exceeds the legal limits in the calculating cash to close table.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: No amount reflected as an amount that exceeds the legal limits in the calculating cash to close table.
Federal Compliance - TRID Interim Closing Disclosure Borrower Paid Total Closing Costs Section J: Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.
Federal Compliance - TRID Interim Closing Disclosure Lender Credits: Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.
Federal Compliance - TRID Interim Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing: Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.
Federal Compliance - TRID Loan Estimate Projected Mortgage Insurance Payment: For payment stream 2, years 9-30 the mortgage insurance is blank.
Federal Compliance - TRID Loan Estimate Projected Mortgage Insurance Payment: For payment stream 2, years 9-30 the mortgage insurance is blank.
Federal Compliance - TRID Loan Estimate Title Fees: Survey fee does not have the required Title -
Federal Compliance - TRID Loan Estimate Title Fees: Survey fee does not have the required Title -
Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: Title fees are reflected in section C of the LE's and section B of the CD's; however, the title agent is not reflected on the Service Provider List provided to the borrower and should have remained in section C.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): No amount was reflected on the CD.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): No amount is reflected on the Closing Disclosure
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in ? 1026.37(g)(6)(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to ? 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under ? 1026.19(e)(3), and the amount of such credit under ? 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): The credit is not accurately reflected as a negative number.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in ? 1026.37(g)(6)(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to ? 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under ? 1026.19(e)(3), and the amount of such credit under ? 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): The credit is not accurately reflected as a negative number.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in ? 1026.37(g)(6)(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to ? 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under ? 1026.19(e)(3), and the amount of such credit under ? 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): The credit is not accurately reflected as a negative number.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): No amount is reflected on the CD.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): No amount is reflected on the Closing Disclosure
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): No amount is reflected on the CD
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): No amount is reflected on the Closing Disclosure
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in ? 1026.37(g)(6)(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to ? 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under ? 1026.19(e)(3), and the amount of such credit under ? 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): The credit is not accurately reflected as a negative number.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in ? 1026.37(g)(6)(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to ? 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under ? 1026.19(e)(3), and the amount of such credit under ? 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): The credit is not accurately reflected as a negative number.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in ? 1026.37(g)(6)(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to ? 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under ? 1026.19(e)(3), and the amount of such credit under ? 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): The credit is not accurately reflected as a negative number.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Nothing further was provided.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the XXXX guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.
REVIEWER - GENERAL COMMENT (2019-07-17): Seller provided a copy of an executed Confirmation of Decision to Shop for Services in which the borrower indicates they choose not to shop and to allow lender to select the appropriate Title Agent and executed on 11/XX/2015.  However, the file contains a Our Selection of Service Provider executed by the borrower with no date that indicates they chose the indicated Service provider and the SSPL in the file dated 11/XX/2015 that does not reflect the title agent listed on the Closing Disclosure.  The LE indicates the borrower could shop for services based on the title fees in section C; however, it it is determined that the borrower was not allowed to shop for services then the LE incorrectly reflects the title fees in section C and the title fees would be required to be held to a 0% tolerance and the 0% tolerance would be exceeded, with no further cure provided.
SELLER - GENERAL COMMENT (2019-07-17): Seller provided a copy of an executed Confirmation of Decision to Shop for Services in which the borrower indicates they choose not to shop and to allow lender to select the appropriate Title Agent and executed on 11/XX/2015.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the final CD with a cure of $108.16 which includes the $6.66 for the credit report.
Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Borrower Paid Other Costs Total Section J: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Lender Credits: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Borrower Paid Total Closing Costs Section J: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Lender Credits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Mortgage Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Mortgage Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Projected Mortgage Insurance Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Projected Mortgage Insurance Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Title Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Title Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 228 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Closing Costs Financed: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed Closing Costs Financed that does not match actual amount of closing costs financed. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Without Seller - Closing Costs Financed: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate Closing Costs Financed amount. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Lender Credit Tolerance: TILA-RESPA Integrated Disclosure - 0% tolerance violation:  Lender credit disclosed on the Final Closing Disclosure is less than previously disclosed Lender credit plus disclosed Tolerance Cure Amount, resulting in an increased charge to borrower.
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Servicing Missing: TILA-RESPA Integrated Disclosure - Other Considerations: Loan Estimate provided on XX/XX/XXXX did not disclose the Servicing statement. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Title Fees: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $651.75 exceeds tolerance of $649.00. (8304)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $551.03 exceeds tolerance of $402.90. (7200)
Federal Compliance - TRID Final Closing Disclosure Without Seller - Closing Costs Financed: Page three does not disclose an amount for Closing Costs Financed (should be $11,147.66).
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Evidence of a cure on CD, however not sufficient to cover all tolerance violations.
Federal Compliance - TRID Interim Closing Disclosure Without Seller - Closing Costs Financed: Page two reflects $11,683 however should be $11,553.
Federal Compliance - TRID Lender Credit Tolerance: Evidence of a cure on CD, however not sufficient to cover all tolerance violations.
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: Page two reflects $12,534 but should be $12,535.
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: Page three does not disclose an amount for Closing Costs Financed (should be $11,144.91).
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: Page two reflects $11,683 but should be $11,684.
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: Page two reflects $11,468 however should be $11,469.
Federal Compliance - TRID Loan Estimate Servicing Missing: No boxes were checked.
Federal Compliance - TRID Loan Estimate Title Fees: Endorsement Fee is missing required “Title – “ in description.
Federal Compliance - TRID - Fee Tolerance without Cure: Evidence of a cure on CD, however not sufficient to cover all tolerance violations.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Evidence of a cure on CD, however not sufficient to cover all tolerance violations.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Discount fee not allowed to rise after initial CD has been issued.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct closing costs financed amount.  Not curable under TRID regulation.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.  However, lock confirmation and associated Closing Disclosure is interim and fee increase is not allowed under TRID regulation.  Condition remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the Closing Disclosure datedXX/XX/XXXX which reflects closing costs incorrectly as $0 on page 3, Calculating Cash to Close table.  Condition remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the Closing Disclosure datedXX/XX/XXXX.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post Consummation Closing Disclosure with a cure amount of $6.03 which matches the maximum lender credit on the initial CD's.  LE's reflected no lender credit and $6.03 was the highest lender credit.   However, the required evidence of delivery to borrower within 60 days of consummation, letter to borrower, and refund check were not provided.  Condition remains for those items.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post Consummation Closing Disclosure with a cure amount of $6.03.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with redisclosed Loan Estimate dated XX/XX/XXXX with the Servicing statement completed.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with redisclosed Loan Estimate dated XX/XX/XXXX and subsequent disclosures with the correct Title -.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03.  However, cure amount is insufficient, lender is using a COC for a rate lock extension on an interim Closing Disclosure datedXX/XX/XXXX which not allowed under TRID regulation.  Condition remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a cure of $3.28 on the final Closing Disclosure which is sufficient for the $2.75 cure.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.  Lock was after initial Closing Disclosure was provided and no change is allowed under TRID regulation.  Condition remains.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Closing Costs Financed: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Without Seller - Closing Costs Financed: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Lender Credit Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Servicing Missing: TILA - 1yr affirmative,

Federal Compliance - TRID Loan Estimate Title Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 229 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.85470% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%.
[2] Federal Compliance - TRID Final Closing Disclosure Payment Interest Only Until: TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing payment did not disclose the due date of the last payment of interest only. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure  Payment Interest Only Until: TILA-RESPA Integrated Disclosure - Loan Terms: Closing Disclosure provided on XX/XX/XXXX with an increasing payment did not disclose the due date of the last periodic payment of the interest only period. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate AIR Table Index And Margin: TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Loan Estimate provided onXX/XX/XXXX did not disclose Index or Margin. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate AP Table First Change: TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed First Change minimum and maximum according to disclosed Loan Product. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate AP Table First Change Period: TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed First Change payment period according to disclosed Loan Product. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate AP Table Interest Only Payment: TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed whether the loan contains Interest Only Payments according to disclosed Product feature. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate AP Table Maximum Payment: TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed Maximum Payment amount and period according to disclosed Loan Product. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate AP Table Subsequent Changes: TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed Subsequent Changes minimum, maximum, and payment period according to disclosed Loan Product. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Payment Interest Only Until: TILA-RESPA Integrated Disclosure - Loan Terms: Loan Estimate provided onXX/XX/XXXX with an increasing payment did not disclose the due date of the last periodic payment during which only interest is required to be paid. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Property Taxes Escrow: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided onXX/XX/XXXX disclosed property taxes figures under Initial Escrow Payment at Closing that does not match amount per month calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Undisclosed Optional Fees: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided onXX/XX/XXXX did not contain the "optional" description. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Undisclosed Optional Fees: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "optional" description. (InitiXX/XX/XXXX)
Federal Compliance - TRID Loan Estimate AP Table First Change: Product on pg 1 not indicated as 5/1 ARM I/O.
Federal Compliance - TRID Loan Estimate AP Table First Change Period: Product on pg 1 not indicated as 5/1 ARM I/O.
Federal Compliance - TRID Loan Estimate AP Table Interest Only Payment: Product on pg 1 not indicated as 5/1 ARM I/O.
Federal Compliance - TRID Loan Estimate AP Table Maximum Payment: Product on pg 1 not indicated as 5/1 ARM I/O.
Federal Compliance - TRID Loan Estimate AP Table Subsequent Changes: Product on pg 1 not indicated as 5/1 ARM I/O.
Federal Compliance - TRID Loan Estimate Undisclosed Optional Fees: Home Warranty fee does not contain the required "optional".
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Post consummation provided reflects the correct information but was provided outside the required 60 days of discovery.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to borrower and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Review of the Closing Disclosure in the file reflects the Loan Terms, monthly P&I does not reflect the statement Interest only until nor include the required number of years/months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD only allows for dates in the header section and payment due date or last payment date of theXX/XX/XXXXan, page one also shows the interest rate and P&I adjustments under loan terms, page one also shows the projected payment table which only allows up to four columns, the first 5 years show a fixed rate then year 6 & 7 show adj rates with the remaining lumped together as 8-30 with this column includes anXX/XX/XXXXyments are for 120 months.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender indicated they provided a rebuttal; however, nothing was found.
SELLER - GENERAL COMMENT (2019-07-17): Lender indicated they provided a rebuttal
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Post consummation provided reflects the correct information but was provided outside the required 60 days of discovery.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to borrower and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Review of the Closing Disclosure in the file reflects the Loan Terms, monthly P&I does not reflect the statement Interest only until nor include the required number of years/months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the CD only allows for dates in the header section and payment due date or last payment date of theXX/XX/XXXXan, page one also shows the interest rate and P&I adjustments under loan terms, page one also shows the projected payment table which only allows up to four columns, the first 5 years show a fixed rate then year 6 & 7 show adj rates with the remaining lumped together as 8-30 with this column includes anXX/XX/XXXXyments are for 120 months.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender indicated a rebuttal was provided; however, nothing was located for this exception.
SELLER - GENERAL COMMENT (2019-07-17): Lender indicated a rebuttal was provided.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct index.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
REVIEWER - CURED COMMENT (2019-07-17): Discovery for exception onXX/XX/XXXX upon receipt of LE, lender cured on the post consummation CD datedXX/XX/XXXX which is within 60 days of discovery.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct amounts.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with the initial CD datedXX/XX/XXXX with the correct Optional verbiage.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with the initial Closing Disclosure datedXX/XX/XXXX and subsequent CD's by removal of the fee.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): TILA HPML - subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Payment Interest Only Until: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure  Payment Interest Only Until: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate AIR Table Index And Margin: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate AP Table First Change: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate AP Table First Change Period: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate AP Table Interest Only Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate AP Table Maximum Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate AP Table Subsequent Changes: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Payment Interest Only Until: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Property Taxes Escrow: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Undisclosed Optional Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Undisclosed Optional Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - D D D D D A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 224 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Closing Disclosure Timing without Waiver: TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Amount Financed: TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Amount Financed. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure APR: TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the APR. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Finance Charge. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Partial Payments: TILA-RESPA Integrated Disclosure- Loan Disclosures: Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the loan allows for Partial Payments. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Property Taxes Escrow: TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX did not disclose figures for property taxes under Initial Escrow Payment at Closing. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Total Interest Percentage. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Total of Payments. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Title Fees: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX)
[1] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - TRID Closing Disclosure Timing without Waiver: CD signedXX/XX/XXXX.  Closing dateXX/XX/XXXX
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: Disclosure reflects TOP of ($XXXX) but calculated TOP of ($XXXX).
Federal Compliance - TRID Interim Closing Disclosure Amount Financed: Data Field is Blank.   There are 2 disclosures datedXX/XX/XXXX.  This is the initial.
Federal Compliance - TRID Interim Closing Disclosure APR: Data Field is Blank.  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.
Federal Compliance - TRID Interim Closing Disclosure Finance Charge: Data Field is Blank   There are 2 disclosures datedXX/XX/XXXX.  This is the initial.
Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: Line 1 of Section F, number of months is blank.  Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.
Federal Compliance - TRID Interim Closing Disclosure Partial Payments: Data is blank.    Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.
Federal Compliance - TRID Interim Closing Disclosure Property Taxes Escrow: TRID Good Faith Violation.  Property Taxes in Prepaids was not disclosed to borrower until CD.  Missing evidence of when lender was made aware that taxes would be due.
Federal Compliance - TRID Interim Closing Disclosure Total Interest Percentage: Data Field is Blank.   Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.
Federal Compliance - TRID Interim Closing Disclosure Total Of Payments: Data Field is Blank.  Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.
Federal Compliance - TRID Loan Estimate Title Fees: Email/Copy, Endorsements, Messenger, Sub Escrow, Tie in, Wire Fee
Federal Compliance - TRID Final Closing Disclosure Closing Date: CD reflects closing date ofXX/XX/XXXX , Notary date of XX/XX/XXXX.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Although the CD was provided by the title agent it was signed by the borrower indicating that the borrower received the disclosure and the borrower signature date wasn't untilXX/XX/XXXX which was not at least 3 days prior to closing.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided an attestation that the CD that is signed by the borrower was provided by the title agent and not lender and that the CD with the same date with the correct seller listed was provided by Seller.
REVIEWER - GENERAL COMMENT (2019-07-17): The file contains 2 CD's datedXX/XX/XXXX on pgs 141 and 113 of the original file PDF that contain differing figures, one is signed by the borrower and one is missing data on some of the pages.  Please provide the appropriate attestation identifying the CD's as initial, interim or not provided to the borrower as applicable.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the digital signature status printout that reflects the borrower received and opened the initial CD datedXX/XX/XXXX onXX/XX/XXXX.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a TOP of $XXXX which matches the calculated TOP of $XXXX.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a TOP of $XXXX.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the Amount Financed completed.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the APR completed.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the Finance Charge completed.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the number of months of HOI prepaids completed.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the Partial Payments question correctly completed.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the property tax escrow completed and all subsequent disclosures are correct.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 158.037% which matches the calculated TIP of 158.037%.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 158.037%.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the TOP completed.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a rediclosure dated XX/XX/XXXX LE and all subsequent disclosures correctly reflect the Title - .  Condition cured.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a closing date ofXX/XX/XXXX and funding date ofXX/XX/XXXX.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a closing date ofXX/XX/XXXX and funding date ofXX/XX/XXXX.
Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: There is generally no Assignee Liability.

Federal Compliance - TRID Closing Disclosure Timing without Waiver: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Amount Financed: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure APR: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Finance Charge: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Partial Payments: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Property Taxes Escrow: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Total Of Payments: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Title Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
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XXXX 22NQM2 - 231 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 2 [2] Miscellaneous - Credit Exception: Lender approved exception is in file to allow a Non Warrantable Condo with a DTI of XX% when the max allowed was 43%. REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.48650% is in excess of allowable threshold of APOR 4.02% + 1.5%, or 5.52000%.
[2] State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided Timely): Maryland Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for prior to closing.
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $2,362.50 exceeds tolerance of $.00. (8304)
[1] State Compliance - (State HPML) Maryland Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Maryland Higher-Priced Mortgage Loan: APR on subject loan of 6.48650% is in excess of allowable threshold of APOR 4.02% + 1.5%, or 5.52000%.
State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided Timely): The MD HPML Disclosure is a requirement imposed under the Mortgage Lender license law which applies only to licensees and does not carry assignee liability, severity being adjusted to EV2.
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: Disclosure reflects TIP of 124.94%) but calculated TIP is 124.564%, which is outside of .003% tolerance.
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: Disclosure reflects TOP of $536,338 but calculated TOP of $535,512.80.  Variance = $825.20.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for Transfer Tax Fee of $2362.50 was not provided.
Federal Compliance - TRID - Fee Tolerance without Cure: Cure for Transfer Tax Fee of $2362.50 was not provided.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Transfer Taxes not disclosed on most recent Loan Estimate.  Unable to determine if this was a true seller fee or if it was a buyer fee which was paid by the seller on behalf of the buyer.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Based on review of lender TIP it appears the payment streams used by lender are incorrect.  Audit calculated TIP  - Payment streams 359 x 1473.89 + 1 x 1,477.  The remainder of the TIP calculation matches.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided their TIP calculations.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Based on review of lender TOP it appears the payment streams used by lender are incorrect.  Audit calculated TOP  - Payment streams 359 x 1473.89 + 1 x 1,477.  The remainder of the TOP calculation matches.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender provided a breakdown of their TOP calculation.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Post consummation CD and applicable cure documentation provided still does not reflect the amount that exceeds the legal limit on pg 3 (Total Closing Costs line) but only has the verbiage that it includes lender cure for the increase in costs above the legal limit without the amount.  In addition the cure documentation provided is outside the required 60 days of discovery.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Although there is a lender credit for $2,362.50 on the final CD, the CD does not indicate this was a tolerance cure on pg 2 bottom nor did it indicate that this is the amount that exceeds the legal limits on pg 3 calculating cash to close table.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the lender credit amount on the final CD of $2,362.50 was the cure for the transfer taxes.
REVIEWER - GENERAL COMMENT (2019-07-17): Audit is unable to confirm that Maryland transfer taxes are split 50/50, documentation found indicates it is negotiable and that buyer pays Mortgage tax.  While it is confirmed that the initial LE had the transfer taxes listed it was subsequently removed from the final LE, and final LE is being used as a baseline.  Seller paid borrower required fees are still subject to tolerance, 0% tolerance exceeded for transfer taxes with no evidence of cure.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that in Maryland it is typical for the buyeXX/XX/XXXXnd provided a portion of some form of documentation that indicates this.  Lender also provided a portion of the initial LE that reflects transfer taxes of $2,400 disclosed to borrower.  Lender also indicated that the seller paid all the transfer taxes, therefore no cure is required.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Post consummation CD and applicable cure documentation provided still does not reflect the amount that exceeds the legal limit on pg 3 (Total Closing Costs line) but only has the verbiage that it includes lender cure for the increase in costs above the legal limit without the amount.  In addition the cure documentation provided is outside the required 60 days of discovery.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Although there is a lender credit for $2,362.50 on the final CD, the CD does not indicate this was a tolerance cure on pg 2 bottom nor did it indicate that this is the amount that exceeds the legal limits on pg 3 calculating cash to close table.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the lender credit amount on the final CD of $2,362.50 was the cure for the transfer taxes.
REVIEWER - GENERAL COMMENT (2019-07-17): Audit is unable to confirm that Maryland transfer taxes are split 50/50, documentation found indicates it is negotiable and that buyer pays Mortgage tax.  While it is confirmed that the initial LE had the transfer taxes listed it was subsequently removed from the final LE, and final LE is being used as a baseline.  Seller paid borrower required fees are still subject to tolerance, 0% tolerance exceeded for transfer taxes with no evidence of cure.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that in Maryland it is typical for the buyeXX/XX/XXXXnd provided a portion of some form of documentation that indicates this.  Lender also provided a portion of the initial LE that reflects transfer taxes of $2,400 disclosed to borrower.  Lender also indicated that the seller paid all the transfer taxes, therefore no cure is required.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - GENERAL COMMENT (2019-07-17): Post consummation CD and applicable cure documentation provided still does not reflect the amount that exceeds the legal limit on pg 3 (Total Closing Costs line) but only has the verbiage that it includes lender cure for the increase in costs above the legal limit without the amount.  In addition the cure documentation provided is outside the required 60 days of discovery.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Although there is a lender credit for $2,362.50 on the final CD, the CD does not indicate this was a tolerance cure on pg 2 bottom nor did it indicate that this is the amount that exceeds the legal limits on pg 3 calculating cash to close table.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the lender credit amount on the final CD of $2,362.50 was the cure for the transfer taxes.
REVIEWER - GENERAL COMMENT (2019-07-17): Audit is unable to confirm that Maryland transfer taxes are split 50/50, documentation found indicates it is negotiable and that buyer pays Mortgage tax.  While it is confirmed that the initial LE had the transfer taxes listed it was subsequently removed from the final LE, and final LE is being used as a baseline.  Seller paid borrower required fees are still subject to tolerance, 0% tolerance exceeded for transfer taxes with no evidence of cure.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that in Maryland it is typical for the buyeXX/XX/XXXXnd provided a portion of some form of documentation that indicates this.  Lender also provided a portion of the initial LE that reflects transfer taxes of $2,400 disclosed to borrower.  Lender also indicated that the seller paid all the transfer taxes, therefore no cure is required.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): TILA HPML - subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided Timely): Assignee liability is unclear.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

State Compliance - (State HPML) Maryland Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee liability is unclear.
LTV of 75% is below the max allowed of 90%.

Residual income of $XXXX is above the required amount of $XXXX.
  - C D C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 227 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Servicing Missing: TILA-RESPA Integrated Disclosure - Other Considerations: Loan Estimate provided on XX/XX/XXXX did not disclose the Servicing statement. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Servicing Missing: TILA-RESPA Integrated Disclosure - Other Considerations: Loan Estimate provided on XX/XX/XXXX did not disclose the Servicing statement. (InitiXX/XX/XXXX)
Federal Compliance - TRID Loan Estimate Servicing Missing: An indication regarding whether the lender intended to service the loan or transfer servicing was not apparent.
Federal Compliance - TRID Loan Estimate Servicing Missing: An indication regarding whether the lender intended to service the loan or transfer servicing was not apparent.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: There is generally no Assignee Liability.

Federal Compliance - TRID Loan Estimate Servicing Missing: TILA - 1yr affirmative,

Federal Compliance - TRID Loan Estimate Servicing Missing: TILA - 1yr affirmative,
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 230 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] Miscellaneous - Credit Exception:
Guidelines require a minimum of 5 comparable sales on the appraisal for subject property. Subject appraisal shows 3 sales and 1 active listing. Lender exception is in file approving the insufficient comp sales.
Guidelines show minimum loan amount of $200,000 for Foreign National Program. Subject loan amount is $XXXX. Lender exception is in file approving the lower loan amount.
REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived
REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived
1       2 [2] Miscellaneous Compliance - Other Compliance Exception (Manual Add)
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID - Good Faith Fee Tolerance: TILA-RESPA Integrated Disclosure - Good Faith Violation: Fee Title - Owners Coverage Premium provided on Final Closing Disclosure was not previously disclosed to the borrower. (81735)
[2] Federal Compliance - TRID Home Loan Toolkit Provided: Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant.
[2] Federal Compliance - TRID Loan Estimate Title Fees: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX)
Miscellaneous Compliance - Other Compliance Exception (Manual Add): TRID non-compliant: CD datedXX/XX/XXXXid not reflect any payees on fees shown in sections B and C.
Federal Compliance - TRID Final Closing Disclosure Assumption: Final CD disclosed that assumption was allowed. Note does not evidence that assumability was allowed.
Federal Compliance - TRID - Good Faith Fee Tolerance: Due to missing the required "(optional)" verbiage that was apparent on the LE and early CD. This is considered a new fee that wasn't previously disclosed.  Missing evidence of when lender was made aware of fee.
Federal Compliance - TRID Loan Estimate Title Fees: Survey Fee is missing required “Title – “ in description.  Unable to determine if Title or Lender required.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Post consummation CD cured with the correct assumption statement.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation CD reflecting the correct "optional" verbiage.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
REVIEWER - WAIVED COMMENT (2019-07-17): Per Compliance
REVIEWER - WAIVED COMMENT (2019-07-17): XXX waived Exception: outside of the XXXX RMBS 3.0 TRID Compliance Review Scope
REVIEWER - GENERAL COMMENT (2019-07-17): CD reflects Survey Fee "title" and is still not in the correct TRID compliant format of Title - Survey Fee.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a CD datedXX/XX/XXXX.
REVIEWER - GENERAL COMMENT (2019-07-17): While survey may have been a requirement of the purchase contract the contract goes on to say that the survey is for the purchaser's title company to obtain title insurance and per title commitment is required by the title company in order to provide the FL form 9 endorsement so would require the Title -.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the Survey fee was not required to have the Title - due to it being a requirement of the purchase contract.
REVIEWER - GENERAL COMMENT (2019-07-17): Post consummation CD still does not reflect Title - for survey fee and review of title commitment indicates in order to obtain the FL 9 endorsement review of a survey is required by title.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Good Faith Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Home Loan Toolkit Provided: TILA - 1yr affirmative.

Federal Compliance - TRID Loan Estimate Title Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
18 months reserves > 12 months guideline minimum - borrowers have verified reserves of $XXXX.

XX% DTI on this Full documentation loan < 43% guideline max

Borrower on this Full documentation loan has a disposable income of $XXXX is in excess of $XXXX.
  - D D D D D B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 225 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)   REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system       - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 232 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 2 [2] Miscellaneous - Credit Exception: Reserve requirement exception. Three months PITI required + open XXXX balance. Borrower has insufficient reserves to cover required PITI reserves for program and additionally borrower is short reserves to cover the open XXXX balance. Lender Approved Exception. REVIEWER - WAIVED COMMENT (2019-07-17): Client Waived 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.56900% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%.
[2] Federal Compliance - TRID Alternate Table Usage: TILA-RESPA Integrated Disclosure – Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Invalid Section B Combinations: TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided onXX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Discount Point Percentage: TILA-RESPA Integrated Disclosure - Loan Costs: Loan Estimate provided onXX/XX/XXXX disclosed a Discount Point percentage that does not match calculated percentage of loan amount. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Discount Point Percentage: TILA-RESPA Integrated Disclosure - Loan Costs: Loan Estimate provided onXX/XX/XXXX disclosed a Discount Point percentage that does not match calculated percentage of loan amount. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided onXX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided onXX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided onXX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX015)
[2] Federal Compliance - TRID Loan Estimate Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Total Monthly Payment (maximum) that does not match the sum of disclosed payments. (ProjSeq:3/6899)
[2] Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided onXX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1.00000 that does not match the actual total payment for the loan. (ProjSeq:1/6927)
[2] Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1.00000 that does not match the actual total payment for the loan. (ProjSeq:1/6897)
[2] Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 4.00000 that does not match the actual total payment for the loan. (ProjSeq:4/6900)
[2] Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 3.00000 that does not match the actual total payment for the loan. (ProjSeq:3/6899)
[2] Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 2.00000 that does not match the actual total payment for the loan. (ProjSeq:2/6898)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $5,890.72 exceeds tolerance of $4,402.00. (7200)
Federal Compliance - TRID Alternate Table Usage: 3 LE disclosures were issued on the "With Seller" form, and 4 LE disclosures were issued on the "Without Seller" form.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: Disclosure reflects TOP of $1,770,302.92 but calculated TOP of $1,770,355.94.  Variance = $53.02.  Please note that an unsigned post closing CD was submitted to reviewer.  This post closing CD appears to reflect the accurate TOP amount of $1,770,355.94.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Cure for various 0% tolerance violations $1652.97 was not provided and this amount was not identified on page 3 as the amount by which the legal limit was exceeded.
Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.
Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.
Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.
Federal Compliance - TRID Invalid Section B Combinations: Line 02 of section B:  Collateral Desktop Analysis was paid to Caliber Home Loans.  In order to be compliant this must have been paid FBO of the actual vendor.
Federal Compliance - TRID Loan Estimate Discount Point Percentage: .9XX% should have been .9XX%  ($6056 / $661500 = .91549509%)
Federal Compliance - TRID Loan Estimate Discount Point Percentage: .666% should have been .665%  ($4402 / $661500 = .66545729%)
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $10297, but should have reflected $15415.
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $10297, but should have reflected $18365.
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $10297, but should have reflected $18329.
Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $11501, but should have reflected $16348.
Federal Compliance - TRID Loan Estimate Estimated Total Maximum Payment Adjustable Rate: Disclosure reflects $8005, but should be $8006 base on the math for year 7.
Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment: Disclosure reflects $6395, but should be $6394.  Amount should be rounded to the nearest whole dollar.
Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment: Disclosure reflects $6126, but should be $6127.  Amount should be rounded to the nearest whole dollar.
Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: Disclosure reflects minimum payment of $6126, but should be $6127 based on the math (5321 plus 806 = 6127).
Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: Disclosure reflects minimum payment of $6126, but should be $6127 based on the math (5321 plus 806 = 6127).
Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: Disclosure reflects minimum payment of $6126, but should be $6127 based on the math (5321 plus 806 = 6127).
Federal Compliance - TRID - Fee Tolerance without Cure: Cure for various 0% tolerance violations $1652.97 was not provided.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Increase in this fee was not disclosed on the LE's prior toXX/XX/XXXXValid Change in Circumstance was not documented for the LE's datedXX/XX/XXXXndXX/XX/XXXXwhen increase in fee was originally disclosed).  The rate was already locked upon issuance of the LE dated 1/20/16.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-07-17): system
REVIEWER - CURED COMMENT (2019-07-17): Review of the file reflects that although tables inconsistent, both table usage is correct and final LE is without seller and all CD's are with seller indicating that the consistent use of tables was provided at the end of the transaction.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender requested further guidance on how to cure.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation CD correcting the number of months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
REVIEWER - GENERAL COMMENT (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation Closing Disclosure datedXX/XX/XXXX.
REVIEWER - CURED COMMENT (2019-07-17): Cure amount and docs provided reflect sufficient refund for tolerance cure;however, are dated outside 60 days of consummation.  Client requests cure review under 130(b).  Based on 130(b) cure provided within 60 days of discovery.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower, refund check and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Based on review of the documentation provided it appears the changed program may be due to mortgage lasts in the last 12 months; however, the credit report in the file is dated XX/XX/XXXX versus COC onXX/XX/XXXX
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the rate lock, commentary reflecting program change and copy of the prior u/w comments.
REVIEWER - GENERAL COMMENT (2019-07-17): Although lender provided a copy of the rate locXX/XX/XXXXcing was provided only the history of the changes were provided.  A valid COC would consist of:  A valid change of circumstance must fall into one of the following categories per 12 CFR 1026.19(e)(3)(iv):
(A) Changed Circumstance affecting settlement charges;
(B) Changed Circumstance affecting eligibility;
(C) Revisions requested by the consumer;
(D) Interest Rate Dependent Charges;
(E) Expiration; or
(F) Delayed settlement on a construction loan.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the rate lock / pricing change history.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation CD correcting the number of months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
REVIEWER - GENERAL COMMENT (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation CD correcting the number of months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
REVIEWER - GENERAL COMMENT (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation CD correcting the number of months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
REVIEWER - GENERAL COMMENT (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
REVIEWER - CURED COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct payee of  which matches the invoice in the file.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct payee of .
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Cure amount and docs provided reflect sufficient refund for tolerance cure;however, are dated outside 60 days of consummation.  Client requests cure review under 130(b).  Based on 130(b) cure provided within 60 days of discovery.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower, refund check and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Based on review of the documentation provided it appears the changed program may be due to mortgage lasts in the last 12 months; however, the credit report in the file is dated XX/XX/XXXX versus COC onXX/XX/XXXX
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the rate lock, commentary reflecting program change and copy of the prior u/w comments.
REVIEWER - GENERAL COMMENT (2019-07-17): Although lender provided a copy of the rate locXX/XX/XXXXcing was provided only the history of the changes were provided.  A valid COC would consist of:  A valid change of circumstance must fall into one of the following categories per 12 CFR 1026.19(e)(3)(iv):
(A) Changed Circumstance affecting settlement charges;
(B) Changed Circumstance affecting eligibility;
(C) Revisions requested by the consumer;
(D) Interest Rate Dependent Charges;
(E) Expiration; or
(F) Delayed settlement on a construction loan.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the rate lock / pricing change history.
REVIEWER - CURED COMMENT (2019-07-17): Cure amount and docs provided reflect sufficient refund for tolerance cure;however, are dated outside 60 days of consummation.  Client requests cure review under 130(b).  Based on 130(b) cure provided within 60 days of discovery.  Condition cured.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower, refund check and evidence of delivery.
REVIEWER - GENERAL COMMENT (2019-07-17): Based on review of the documentation provided it appears the changed program may be due to mortgage lasts in the last 12 months; however, the credit report in the file is dated XX/XX/XXXX versus COC onXX/XX/XXXX
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a copy of the rate lock, commentary reflecting program change and copy of the prior u/w comments.
REVIEWER - GENERAL COMMENT (2019-07-17): Although lender provided a copy of the rate locXX/XX/XXXXcing was provided only the history of the changes were provided.  A valid COC would consist of:  A valid change of circumstance must fall into one of the following categories per 12 CFR 1026.19(e)(3)(iv):
(A) Changed Circumstance affecting settlement charges;
(B) Changed Circumstance affecting eligibility;
(C) Revisions requested by the consumer;
(D) Interest Rate Dependent Charges;
(E) Expiration; or
(F) Delayed settlement on a construction loan.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided copies of the rate lock breakdown to follow the timeline of the lock / pricing changes.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): TILA HPML - subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Alternate Table Usage: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Invalid Section B Combinations: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Discount Point Percentage: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Discount Point Percentage: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Closing Costs Financed Without Seller: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Residual income of $XXXX is in excess of program requirement of $XXXX.

The borrower is saving $XXXX in monthly expenses by paying off and closing numerous short liabilities with proceeds from this transaction. The overall mortgage payment is increasing $XXXX for a net increase to monthly expenses of $XXXX and receiving $XXXX cash in hand for home repairs (non-structural) and a car for the family. The overall payment shock is minimal at 27%.
  - C D C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 233 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] Credit Eligibility - Guideline Issue: Derogatory consumer credit outside of credit guidelines
[2] Credit Eligibility - Guideline Issue: Derogatory mortgage payments outside of credit guidelines
[2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of 660.
Less than 24 months from a chapter 13 bankruptcy discharge.  Lender approved exception
1x30  rolling for 12 months when 0x30 required.  Lender approved exception.
FICO score of 660 required for non-warrantable condo, borrower FICO XXX.  Lender approved exception.
REVIEWER - WAIVED COMMENT (2019-07-17): Client waived
REVIEWER - WAIVED COMMENT (2019-07-17): Client waived
REVIEWER - WAIVED COMMENT (2019-07-17): Client waived
1       2 [2] Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $450.00. (7506)
Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: Final CD in file reflects title agent fees in section B, lender SSPL does not reflect title agent and title fees should be reflected in section C. REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation CD having the title fees in the correct section.
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
REVIEWER - CURED COMMENT (2019-07-17): Cured with $150 lender credit at closing
Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
DTI of XX% is below program max of 43%

Residual income of $XXXX is above minimum required amount of $XXXX

The borrower has additional income which is not being used in the effective income (rental income from borrowers 2 unit primary residence and positive sch c income from XXXX)
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 234 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 2 [2] Miscellaneous - Credit Exception: Missing guidelines required tax transcripts, per file borrowers were victims of identity theft and transcripts were not available, lender was able to verify tax payments with e-file docs.  Lender approved exception. REVIEWER - WAIVED COMMENT (2019-07-17): Client waived 1       2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 8.03300% or Final Disclosure APR of 8.03300% is in excess of allowable threshold of APOR 3.64% + 2.5%, or 6.14000%.
[2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.03300% or Final Disclosure APR of 8.03300% is in excess of allowable threshold of APOR 3.64% + 2.5%, or 6.14000%.
State Compliance - California HPML Threshold Test: Guidelines allow for HPML transactions.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Guidelines allow for HPML transactions.
  State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.
39.454% DTI on this Full documentation loan < 50% guideline max - 10.546% below program guideline maximum

Number of Months Verified Reserves: $XXXX- $XXXX CTC= $XXXX/$XXXX= XX months in post-closing reserves.

Residual Income: Required Income: $XXXX; Verified $XXXX; Excess of $XXXX.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 235 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.77140% or Final Disclosure APR of 9.77100% is in excess of allowable threshold of APOR 3.61% + 1.5%, or 5.11000%.
[2] Federal Compliance - TRID non-compliant:  Closing Disclosure Contact Information is incomplete.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): verified fees were input correctly
Federal Compliance - TRID non-compliant:  Closing Disclosure Contact Information is incomplete.: Settlement Agent License ID not present.. Corrected on post closing CD 6.3.16.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CD. Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID non-compliant:  Closing Disclosure Contact Information is incomplete.: TILA - 1yr affirmative
    - D D D D D A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 215 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Safe Harbor QM 2 1       1       2 [2] Federal Compliance - Check Loan Designation Match - QM: Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Safe Harbor QM.
[2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: Disclosure signed at closing references a previous waiver.  Borrower did not sign the Waiver on the previous disclosure.  Unable to determine if borrower waived their rights to receipt of appraisal 3 days prior to closing.  There was also no evidence that the copy of the appraisal was provided to the borrower at closing.  The disclosure states the report should have been provided, it does not state that it was provided to the borrower. REVIEWER - CURED COMMENT (2019-07-17): Lender cured with correction of designation as SafeHarbor QM
SELLER - GENERAL COMMENT (2019-07-17): Lender provided a compliance report indicating that the loan is SafeHarbor QM
Federal Compliance - Check Loan Designation Match - QM: Rating Agency requirements are to have the Creditor provide the ATR/QM Loan Designation to the TPR firm performing the loan level due diligence and to have the TPR firm confirm said designation.

Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: There is generally no Assignee Liability.
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 236 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 5.98840% or Final Disclosure APR of 6.01200% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%.
[2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.98840% or Final Disclosure APR of 6.01200% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%.
[2] Federal Compliance - TRID Loan Estimate Property Taxes Escrow: TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed property taxes figures under Initial Escrow Payment at Closing that does not match amount per month calculation. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $150.00 exceeds tolerance of $115.00 plus 10% or $126.50 (0)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $550.00 exceeds tolerance of $475.00. (7506)
State Compliance - California HPML Threshold Test: verified fees were input correctly.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): verified fees were input correctly.
Federal Compliance - TRID Loan Estimate Property Taxes Escrow: Total Property Taxes stated in Section G states $2188.00 however the calculated total is $2186.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent disclosure.
REVIEWER - CURED COMMENT (2019-07-17): Final CD reflects $98.50 Lender Credit for tolerance cure.  $75 appraisal and $23.50 recording fee.
REVIEWER - CURED COMMENT (2019-07-17): Final CD reflects $98.50 Lender Credit for tolerance cure.  $75 appraisal and $23.50 recording fee.
State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Property Taxes Escrow: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 237 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.64370% or Final Disclosure APR of 8.64400% is in excess of allowable threshold of APOR 3.2XX% + 1.5%, or 4.78000%.
[2] Federal Compliance - TRID Interim Closing Disclosure Interest Rate Change After Closing: TILA-RESPA Integrated Disclosure - Loan Terms: Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the Interest Rate can change. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Interim Closing Disclosure Negative Fees: TRID-RESPA Integrated Disclosure - Closing Disclosure provided onXX/XX/XXXX disclosed a negative fee amount. (InitiXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): Valid exception.
Federal Compliance - TRID Interim Closing Disclosure Negative Fees: Disclosure reflects a negative fee for Owner's Title Insurance in Section H.  This is TRID non-compliant.
REVIEWER - WAIVED COMMENT (2019-07-17): XXX waived Exception: outside of the XXXX RMBS 3.0 TRID Compliance Review Scope
REVIEWER - CURED COMMENT (2019-07-17): Lender cured with re-disclosed CD same day as initial on XX/XX/XXXX and subsequent CD's reflecting no negative fees.
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Interest Rate Change After Closing: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Interim Closing Disclosure Negative Fees: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - C D C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 292 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.81946% or Final Disclosure APR of 6.83100% is in excess of allowable threshold of APOR 3.23% + 1.5%, or 4.73000%.     Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability. Guideline variance approved by lender at time of origination on page 412.  Compensating factors read as follows: "Borrower is a successful business owner for 17 years.  Credit history with mid fico 804 show financial responsibility.  Borrower has sufficient to debt service all obligation.  DR is 28.4/46.71.  Income from personal bank statement with 25% business expense factor is $12,242.70 with a residual of $6,524."   - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 238 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 2 [2] Credit Documentation - Credit Report Error: Missing source document for credit/housing history. Lender approved an exception allowing for reduced 24 months housing history due to borrower's not having cancelled checks prior to XX/XXXX, borrower provided lease and VOR was obtained. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to Waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.04460% or Final Disclosure APR of 6.04500% is in excess of allowable threshold of APOR 3.2XX% + 2.5%, or 5.78000%.
[2] Federal Compliance - TRID non-compliant:  Closing Disclosure Contact Information is incomplete.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): HPML per lender's compliance testing.
Federal Compliance - TRID non-compliant:  Closing Disclosure Contact Information is incomplete.: Final CD is missing title agent's State ID.
REVIEWER - CURED COMMENT (2019-07-17): Data correct on subsequent CDs (XXXX). Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID non-compliant:  Closing Disclosure Contact Information is incomplete.: TILA - 1yr affirmative
Guidelines require 9 months, verified XX months.

Minimum housing payment increase of 29.703%

Residual income of $XXXX exceeds required of $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 239 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 2 [2] Mortgage / Program Eligibility - Guideline Requirement: Loan to value discrepancy.: Calculated loan to value percentage of 85.00000% exceeds Guideline loan to value percentage of 80.00000%. Max LTV is 80% due to 5% reduction required because Alternate Credit was used.  Lender exception in file approves this LTV variance. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to Waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.88420% or Final Disclosure APR of 6.88400% is in excess of allowable threshold of APOR 3.XX% + 1.5%, or 4.65000%.
[2] Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Revised Loan Estimate Timing vs Closing Disclosure: TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (InterXX/XX/XXXX)
Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount:XX/XX/XXXX CD is noted to be "estimated". It reflects a $44.15 credit.  "Calculating Cash to Close" section identifies this as a tolerance cure, however, the figure is not reflected in "Total Closing Costs" Section J, in the Lender Credit Column, as required.
Federal Compliance - TRID Revised Loan Estimate Timing vs Closing Disclosure: LE is datedXX/XX/XXXX, which is the same date as the earliest CD found in file.  ThisXX/XX/XXXX CD is identified as an "Estimated" CD.
  Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Timing vs Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
XX%% DTI on this Full documentation loan < 43% guideline max - XX% below program guideline maximum

Borrower on this Full documentation loan has a disposable income of $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 241 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.307XX% or Final Disclosure APR of 7.33400% is in excess of allowable threshold of APOR 3.61% + 2.5%, or 6.11000%.
[2] Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $125.00 exceeds tolerance of $100.00 plus 10% or $110.00 (0)
Federal Compliance - TRID - Ten Percent Fee Tolerance: ($15.00) violation due to increase in (recording fee(s)). REVIEWER - CURED COMMENT (2019-07-17): Cure provided on Final CD. Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.
22.54 months reserves >3 months guideline minimum - borrowers have verified reserves of $87,839.79

Borrower on this (Documentation Type) documentation loan has a disposable income of $15,618.  Guidelines require $3,700
  - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 240 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: US Depository assets seasoned <30 days and using business assets for reserves which is not allowed per guidelines.  Lender approved exception for both. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to Waive. 1       2 [2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[1] Federal Compliance - NonQM ATR: Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Closing date isXX/XX/XXXXFederal Compliance - NonQM ATR: MIssing YTD 2016 P&L and Balance Sheet and most recent 2 years business returns as well as executed 2015/2014 personal returns.  The file only contains 2014/2015 unexecuted personal returns and P&L and Balance sheet for period ending 7/2015. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive guideline requirements for Foreign National and use T4s for income. Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative Maximum DTI 43%, actual XX%

Maximum LTV 70%, actual 63.89XX%

Required residual $XXXX, actual $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 242 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.931XX% or Final Disclosure APR of 6.93700% is in excess of allowable threshold of APOR 3.XX% + 2.5%, or 5.65000%. Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Annual percentage rate of 6.937% exceeds threshold of 5.65%.   Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 243 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Miscellaneous Compliance - Other Compliance Exception (Manual Add)
[2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.82270% or Final Disclosure APR of 7.82300% is in excess of allowable threshold of APOR 3.49% + 1.5%, or 4.99000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580)
Miscellaneous Compliance - Other Compliance Exception (Manual Add): TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Title - Search fee $200.00, Title - Settlement Agent fee $695.00, Transfer Tax fee $924.00, HOA Estoppel fee $150.00, and Municipal Lien Search fee $335.00 were reflected on the Seller's CD, however were not reflected on the Borrower's Final CD.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Fee disclosed as ($90.00) on (LE dated XX/XX/XXXX but disclosed as ($92.00) on Final Closing Disclosure.
REVIEWER - GENERAL COMMENT (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
REVIEWER - CURED COMMENT (2019-07-17): Cure provided on Final CD.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
80% LTV < 85% guideline max

Borrower on this full documentation loan has a disposable income of $3,091.00 which exceeds product requirement of $1,650.
  - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 245 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)   REVIEWER - CURED COMMENT (2019-07-17): Lender cured with post consummation CD. Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative     - B B B B B A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 244 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] Miscellaneous - Credit Exception: Guideline required mortgage history of 0x30x12 not met, lender verified only 4 months mortgage history.  Lender approved exception. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       2 [2] Miscellaneous Compliance - Other Compliance Exception (Manual Add)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $625.00 exceeds tolerance of $550.00. (7506)
Miscellaneous Compliance - Other Compliance Exception (Manual Add): TRID non-compliant.  Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller Title - Escrow Closing fee of $346.50, Title - Transaction Processing fee of $225, HOA - Resale Discl fee of $277, HOA - Resale Disclosure pkg fee of $23 and HOA - Transfer fee were reflected on Seller CD but were not on Borrower final CD. REVIEWER - GENERAL COMMENT (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the final CD with a tolerance cure of $77.
REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the final CD with a tolerance cure of $77.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this full documentation loan < 43.00% guideline max - XX% below program guideline maximum

Borrower on this full documentation loan has residual income of $8,966.

LTV of 75% is less than 80%.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 246 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 6.51160% or Final Disclosure APR of 6.51200% is in excess of allowable threshold of APOR 3.XX% + 2.5%, or 5.65000%.  Compliant Higher Priced Loan.
[2] Miscellaneous Compliance - Other Compliance Exception (Manual Add)
[2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.51160% or Final Disclosure APR of 6.51200% is in excess of allowable threshold of APOR 3.XX% + 2.5%, or 5.65000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,966.60 exceeds tolerance of $1,352.20 plus 10% or $1,487.42 (0)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
Miscellaneous Compliance - Other Compliance Exception (Manual Add): TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  The following Fees were reflected on the Seller's CD, however were not reflected on the Borrower's Final CD: $70 Property Tax Disclosure.
The following Fees were reflected on the Borrower's Final CD but were not reflected on the Seller's CD: $693.36 Homeowner's Insurance, $285 HOA Dues, $195 HOA Transfer/Maintenance Fee.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Final CD Section F shows total 12 month premium of $2,130.04. Section G shows Homeowner's Insurance monthly premium of $173.34. 12 months using this premium amount is $2,080.08.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure of $456.66 was reflected which is insufficient to cure $479.18.
Federal Compliance - TRID - Ten Percent Fee Tolerance: $479.18 violation due to increase in recording fees. $456.66 tolerance cure credit was provided at closing, which is insufficient for the total violation amount.
Federal Compliance - TRID - Fee Tolerance without Cure: Cure of $456.66 was reflected which is insufficient to cure $479.18.
REVIEWER - GENERAL COMMENT (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
REVIEWER - CURED COMMENT (2019-07-17): Received LOE, corrected CD, proof of delivery, and copy of check.
REVIEWER - GENERAL COMMENT (2019-07-17): Post close CD provided reflects a cure amount of $1445.54.  Missing copy of check, proof of delivery and LOE to borrower.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender fees not part of tolerance testing.  Fees included:  Settlement, Lender's Insurance, Notary and Recording.  Lender states Notary Fee not included on final CD, but that's erroneous.  Total of these fees on CD equals $1352.20.  Total on final CD equal $1966.60.
BUYER - GENERAL COMMENT (2019-07-17): Before we request the additional cure check for $126.00 on this file, can you submit my rebuttal and revised CD attached and confirm XXX is okay with our calculations. This includes Exceptions: 1404142 and 1404143.
REVIEWER - CURED COMMENT (2019-07-17): Received LOE, corrected CD, proof of delivery, and copy of check.
REVIEWER - GENERAL COMMENT (2019-07-17): Lender paid fees are not part of tolerance testing.  Fees included:  Settlement, Lender's Insurance, Notary and Recording.  Total of these fees on CD equals $1352.20.  Total on final CD equals $1966.60.
BUYER - GENERAL COMMENT (2019-07-17): Dropped Revised Post Close CD and LOE Package to XXX for Consideration to apply to Exceptions: 1404142 and 1404143. JF
State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 247 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Miscellaneous - Credit Exception: Loan file does not include 2 years tax returns for multiple businesses for which borrower has >25% ownership. Lender exception is provided approving this deviation to guidelines. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to Waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.501XX% or Final Disclosure APR of 6.50400% is in excess of allowable threshold of APOR 3.49% + 2.5%, or 5.99000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Provided Post Closing:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure provided after closing.
[2] Federal Compliance - TRID - Good Faith Fee Tolerance: TILA-RESPA Integrated Disclosure - Good Faith Violation: Homeowners Insurance Premium provided on Final Closing Disclosure was not previously disclosed to the borrower. (8500)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580)
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Loan fails Federal HPML Threshold Test
Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Provided Post Closing:  Unable to determine Anti-Steering compliance/Safe Harbor: Anti Steering Disclosure in file is datedXX/XX/XXXX, vs note date ofXX/XX/XXXX.
Federal Compliance - TRID - Good Faith Fee Tolerance: Homeowners Insurance Premium not disclosed on Loan Estimate. Missing evidence of when lender was made aware of fee.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Fee disclosed as $90 on LE datedXX/XX/XXXX, but disclosed as $92 on Final CD.
REVIEWER - CURED COMMENT (2019-07-17): Final CD reflects the required $2 tolerance cure. Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Provided Post Closing:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID - Good Faith Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
25% DTI on this Full documentation loan < 50% guideline max - 25% below program guideline maximum

Borrower on this Full documentation loan has a disposable income of $XXXX

Credit report shows 0x30x10 housing payment history.

Minimal housing expense increase with new PITIA $50 less than current PITIA.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 248 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Missing guideline required Desk Review. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.972XX% or Final Disclosure APR of 6.97200% is in excess of allowable threshold of APOR 3.17% + 2.5%, or 5.67000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Esign Consent Agreement Status: ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.
[2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: TRID Final Closing DisclosureXX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Loan fails Federal HPML Threshold Test
Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: No Seller paid fees disclosed
REVIEWER - GENERAL COMMENT (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B. Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability. Housing payment history 0x30x60 which exceeds the requirement of 0x30x12.

Spouse has positive schedule C income that is not being used to qualify.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 250 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender approved exception to allow the higher DTI on a Non-Warrantable Condo Level 3 that restricts DTI to 43%. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to Waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.05160% or Final Disclosure APR of 7.09400% is in excess of allowable threshold of APOR 3.46% + 1.5%, or 4.96000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Esign Consent Agreement Status: ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Loan Type: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Loan Type that does not match the actual loan type for the loan. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Document reflects Assumptions allowed and Note does not reflect the assumption verbage.   Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Loan Type: TILA - 1yr affirmative
80% LTV < 85% maximum allowed

Income not reflected in effective income.  Borrower is currently working on PHD and once graduates in 5/2018 he will become a full time employee of the University with substantially higher income.

Residual income of $XXXX is > required of $800
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 251 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Missing guideline required Desk Review. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       2 [2] Miscellaneous Compliance - Other Compliance Exception (Manual Add)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $261.28 exceeds tolerance of $230.00 plus 10% or $253.00 (0)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
Miscellaneous Compliance - Other Compliance Exception (Manual Add): TRID non-compliant.  Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller's Record Termination fee of $23, Estoppel fee of $150, Settlement/Closing fee of $195 and Wire fee of $50 were reflected on Seller CD but not on Borrower final CD.
Federal Compliance - TRID - Ten Percent Fee Tolerance: COC form in file indicates after initial GFE third party fees were required and lists Govt Recording fee of $258; however, a valid COC for the increase was not provided.
REVIEWER - GENERAL COMMENT (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
REVIEWER - CURED COMMENT (2019-07-17): Received copy of refund check, LOE, proof of delivery, and corrected CD.
REVIEWER - CURED COMMENT (2019-07-17): Received copy of refund check, LOE, proof of delivery, and corrected CD.
REVIEWER - GENERAL COMMENT (2019-07-17): Baseline amount for recording fees is the initial LE and the amount is $230.  Required cure is $8.28 so $5 at closing does not cover the required cure amount.
REVIEWER - CURED COMMENT (2019-07-17): Received copy of refund check, LOE, proof of delivery, and corrected CD.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Ten Percent Fee Tolerance: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
707 representative FICO score > 620 guideline minimum - 87 points above guideline minimum   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 249 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Missing guideline required Desk Review. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.75000% or Final Disclosure APR of 7.75000% is in excess of allowable threshold of APOR 3.49% + 1.5%, or 4.99000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Home Loan Toolkit Timing: Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.
[2] Federal Compliance - TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees: TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580)
  REVIEWER - CURED COMMENT (2019-07-17): Lender cured on the final CD with a $2 tolerance cure. Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Home Loan Toolkit Timing: TILA - 1yr affirmative.

Federal Compliance - TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Reserves of 15 months > required 9 months.   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 252 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Secondary financing not allowed. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.41160% or Final Disclosure APR of 6.41200% is in excess of allowable threshold of APOR 3.53% + 2.5%, or 6.03000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Home Loan Toolkit Timing: Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Line 1 of Section F, number of months is blank. REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CDs (XXXX).
REVIEWER - GENERAL COMMENT (2019-07-17): Performed compliance review with Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Home Loan Toolkit Timing: TILA - 1yr affirmative.
XX% DTI on this full documentation loan < 50% guideline max - 19% below program guideline maximum

732 representative FICO score > 680 guideline minimum - 52 points above guideline minimum

Borrower on this full documentation loan has a disposable income of $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 253 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Seller Closing Disclosure: TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $700.00 exceeds tolerance of $500.00. (7506)
[1] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for (Appraisal fee) of ($200.00) was not provided. Post consummation CD dated XX/XX/XXXXeflects a sufficient cure amount of $200.00; however, refund check and evidence of delivery were not found in the file.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Fee disclosed as ($50.00) on (LE dated XX/XX/XXXX but disclosed as ($700.00) on Final Closing Disclosure. Post consummation CD dated XX/XX/XXXXeflects a sufficient cure amount of $200.00; however, refund check and evidence of delivery were not found in the file.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Disclosure reflects Closing Date of (XX/XX/XXXX but transaction consummation (mortgage notary) date was (XX/XX/XXXX
REVIEWER - CURED COMMENT (2019-07-17): Received all required cure documentation.
REVIEWER - CURED COMMENT (2019-07-17): Received all required cure documentation.
REVIEWER - GENERAL COMMENT (2019-07-17): Received copy of check issued and label created; however but never sent.  Please provide evidence of borrower receipt.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on post close CD (XXXX).
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 255 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Issue:  Ineligible borrower Ineligible income.  Guidelines require evidence of alimony receipt for 12 months, borrower qualified using 1st alimony payment.  Lender exception in file. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.73970% or Final Disclosure APR of 5.81000% is in excess of allowable threshold of APOR 3.21% + 1.5%, or 4.71000%.  Compliant Higher Priced Loan.
[2] State Compliance - Ohio Consumer Sales Practices Act Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Signed): Ohio Consumer Sales Practices Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not signed by borrower(s).
[2] State Compliance - Ohio Consumer Sales Practices Act (Closing Disclosure Not Provided): Ohio Consumer Sales Practices Act:  Consumer did not receive the required Closing Disclosure.
    Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

State Compliance - Ohio Consumer Sales Practices Act Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Signed): The Consumer Sales Practices Act (CSPA) generally does not provide for assignee liability. The Act provides that no claim or defense may be asserted under the Act by the Attorney General or any consumer against a purchaser or assignee of a mortgage loan for value for any action under the statute unless: (a) the violation was committed by the purchaser or assignee; or (b) the assignee or purchaser is affiliated by common control with the seller of the loan at the time the loan was purchased or assigned.
The CSPA gives authority to the Office to bring class actions, grant injunctions, and levy monetary fines. Additionally, the CSPA provides borrowers with a private right of action. Therefore, it is possible that any action commenced under the CSPA could result in reputational damage. Moreover, note that since the borrower is allowed to seek equitable remedies in a court of law as part of the private right of action, a court could reform the loan terms which could impact purchasers. Therefore, if the seller cannot be compelled to repurchase the loan, the assignee could face exposure.

State Compliance - Ohio Consumer Sales Practices Act (Closing Disclosure Not Provided): The Consumer Sales Practices Act (CSPA) generally does not provide for assignee liability. The Act provides that no claim or defense may be asserted under the Act by the Attorney General or any consumer against a purchaser or assignee of a mortgage loan for value for any action under the statute unless: (a) the violation was committed by the purchaser or assignee; or (b) the assignee or purchaser is affiliated by common control with the seller of the loan at the time the loan was purchased or assigned.
The CSPA gives authority to the Office to bring class actions, grant injunctions, and levy monetary fines. Additionally, the CSPA provides borrowers with a private right of action. Therefore, it is possible that any action commenced under the CSPA could result in reputational damage. Moreover, note that since the borrower is allowed to seek equitable remedies in a court of law as part of the private right of action, a court could reform the loan terms which could impact purchasers. Therefore, if the seller cannot be compelled to repurchase the loan, the assignee could face exposure.
Guideline variance approved by lender at time of origination. Compensating factor: Mortgage payment history - Verified mortgage payment history of 0X30 for 56 months on the credit report, when only 24 months are required.

Guideline variance approved by lender at time of origination. The housing expense decreased from $1412.00 to $1161.87.

Guideline variance approved by lender at time of origination. The loan LTV of 74.048 when the applicant qualifies for a max of 90% with the fico of 811.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 254 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 2 [2] Income Documentation - Income Docs Missing:
[2] Application / Processing - Missing Valuation:: Valuation Type: Desk Review / Valuation Report Date: <empty> Desk Review is missing
[2] Credit Eligibility - Public Record Issue:: Credit Report: Original // Public Record Type: Bankruptcy / Balance: XXX
Missing 2015 transcripts or evidence of extension, lender exception in file.
Missing Clear Capital CDA or CoreLogic AVM per guidelines.
No evidence of disposition of BK Petition fileXX/XX/XXXX located.
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
1       2 [2] Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.42820% or Final Disclosure APR of 7.43900% is in excess of allowable threshold of APOR 3.4XX% + 1.5%, or 4.98000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Esign Consent Agreement Status: ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: erroneous - increase due to seller paid portion which was seller paid per contract.   Federal Compliance - (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold): TILA HPML - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this full documentation loan < 43% guideline max - 5% below program guideline maximum

59% LTV < 80 guideline max

Borrower on this full documentation loan has a disposable income of $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 256 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 9.00.
[2] Application / Processing - Missing Valuation:
Lender approved exception.
Missing secondary valuation as required by guidelines.
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
1       2 [2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application: RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application.
[2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $65.00. (7580)
Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: Disclosure reflects Title fees payable to XXXX in section C (Services Borrower Did Shop For).  XXXX is a service provider listed on the Settlement Service Provider List. As a result, these fees should have been reflected in section B (Services Borrower Did Not Shop For).
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Fee disclosed as ($65.00) on (LE dated XX/XX/XXXX but disclosed as ($92.00) on Final Closing Disclosure.
REVIEWER - CURED COMMENT (2019-07-17): Data correct on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Cure provided on Final CD.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Borrower on this (Full) documentation loan has a disposable income of $XXXX

Guides require 24 months housing history and 36 months provided.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 257 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 6.00.
[2] Application / Processing - Missing Valuation:
Missing secondary valuation REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
1       2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 6.2XXX0% or Final Disclosure APR of 6.26500% is in excess of allowable threshold of APOR 3.56% + 1.5%, or 5.06000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Loan Estimate Esign Consent Agreement Timing: ESIGN Act - Loan Estimate provided onXX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX)
    State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable. 35.61% < required 43%

57% LTV < 75 guideline max

Disposable income of $XXXX > required $1000
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 259 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID - Fee Tolerance without Cure: TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $35.00 exceeds tolerance of $29.00. (7520)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $900.00 exceeds tolerance of $850.00. (7506)
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Valid exception
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Valid exception
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID - Fee Tolerance without Cure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Borrower has reserves of 8 months when program only requires 3.

Borrower on this full documentation loan has a disposable income of $XXXX

LTV is 5% below the max of 80% for this program.

Program only requires 12 months of VOM, there is over 10 years showing on credit with no lates.
  - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 258 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 261 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the required  Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Lender Credit Tolerance Violation: TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $-16,623.20  is less than amount of binding Lender Credit previously disclosed in the amount of $-17,414.92. (9300)
Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: Lender Contact NMLS ID is blank.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Monthly amount reflects $231.25, however prepaid homeowner's insurance reflects $2970.00, should be $2775.00.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for (Lender Credit) of ($791.72) was not provided.
Federal Compliance - TRID Lender Credit Tolerance Violation: Lender Credit disclosed as ($-17,414.92) on (CD dated XX/XX/XXXX but disclosed as ($-16,623.20) on Final Closing Disclosure.
REVIEWER - CURED COMMENT (2019-07-17): Lender contact is a CS Rep and doesn't have a unique identifier.
REVIEWER - CURED COMMENT (2019-07-17): Data correct on subsequent CDs (XXXX).
REVIEWER - GENERAL COMMENT (2019-07-17): Received post close CD reflecting a cure of $791.72, but still missing LOE, copy of check, and proof of delivery.
REVIEWER - CURED COMMENT (2019-07-17): Subsequent CDs reflect the credits reflected in incorrect section in the correct section.  Total credits reflect the same amount as on LE.
REVIEWER - GENERAL COMMENT (2019-07-17): Received post close CD reflecting a cure of $791.72, but still missing LOE, copy of check, and proof of delivery.
Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Lender Credit Tolerance Violation: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 260 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] General Appraisal Requirements - Valuation Error: Desk review value not provided. Missing secondary valuation as required by guidelines. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the required  Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). (FinXX/XX/XXXX)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00. (75106)
[2] Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $0.00. (7580)
Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: Lender Contact NMLS ID is blank.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Fee was not disclosed on Loan Estimate.
Federal Compliance - TRID -  Zero Percent Fee Tolerance: Fee was not disclosed on Loan Estimate.
REVIEWER - CURED COMMENT (2019-07-17): Lender contact is a CS Rep and doesn't have a unique identifier.
REVIEWER - CURED COMMENT (2019-07-17): Cure  provided on Final CD.
REVIEWER - CURED COMMENT (2019-07-17): Cure provided on Final CD.
Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID -  Zero Percent Fee Tolerance: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
40% DTI  < 50% guideline max - 10% below program guideline maximum   - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 262 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the required  Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Lender Credit Tolerance Violation: TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $-14,522.50  is less than amount of binding Lender Credit previously disclosed in the amount of $-14,522.70. (9300)
[2] Federal Compliance - TRID Service Provider - Compliant: TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list.
Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: Lender Contact NMLS ID is blank.
Federal Compliance - TRID Lender Credit Tolerance Violation: Fee disclosed as ($-14,522.70) on (CD dated XX/XX/XXXX but disclosed as ($-14,522.50) on Final Closing Disclosure.
Federal Compliance - TRID Service Provider - Compliant: Settlement Service Provider List in file is not TRID compliant (references GFE).
REVIEWER - CURED COMMENT (2019-07-17): Lender contact is a CS Rep and doesn't have a unique identifier.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
Federal Compliance - TRID Final Closing Disclosure Contact Information - Lender: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Lender Credit Tolerance Violation: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Service Provider - Compliant: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 264 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] General Appraisal Requirements - Valuation Error: Desk review value not provided. Missing secondary valuation as required by guidelines. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1         725 representative FICO score > 620 guideline minimum - 105 points above guideline minimum   - C C C C C A A A A A A A A A A B B B B B B B B B B
XXXX 22NQM2 - 265 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Guideline required residual income is $1,200, actual residual income is $XXXX.  Lender approved exception. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 8.59800% or Final Disclosure APR of 8.59800% is in excess of allowable threshold of APOR 3.61% + 1.5%, or 5.11000%.  Compliant Higher Priced Loan. State Compliance - California HPML Threshold Test: Verified fees were input correctly.   State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable. 26 months reserves > 3 months required

Lower LTV max is 70% LTV subject LTV is 40%
  - C C C C C B B B B B B B B B B B B B B B B B B B B
XXXX 22NQM2 - 266 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender approved exception REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - RESPA -  Initial Escrow Account Statement Missing: RESPA (2010): Initial escrow account statement was not provided to the borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/109892)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/109890)
Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Payment amount not accurately rounded.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: Payment amount not accurately rounded.
REVIEWER - CURED COMMENT (2019-07-17): Data correct on subsequent CDs (XXXX).
REVIEWER - CURED COMMENT (2019-07-17): Data correct on subsequent CDs (XXXX).
Federal Compliance - RESPA -  Initial Escrow Account Statement Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.
Housing history of 0x30x43 exceeds required of 0x30x12

Reserves of XX months exceeds required of 3 months

Residual income of $$XXXX exceeds guideline requirement of $1,300
  - C C C C C B B B B B B B B B B B B B B B B B B B B
XXXX 22NQM2 - 267 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $500.00.  Insufficent or no cure was provided to the borrower. (7506)
  REVIEWER - CURED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower. Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 268 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] Miscellaneous - Credit Exception:
[2] Mortgage / Program Eligibility - Guideline Requirement: Loan to value discrepancy.: Calculated loan to value percentage of 60.00000% exceeds Guideline loan to value percentage of 50.00000%.
Lender used rental income on subject property. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - Notice of Special Flood Hazard Disclosure Not Provided Timely: FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing.
[2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
    Federal Compliance - Notice of Special Flood Hazard Disclosure Not Provided Timely: Liability for violations cannot be transferred to a subsequent purchaser of a loan. 91 months reserves > 12 months guideline minimum

Borrower on this loan has a disposable income of $XXXX
  - C C C C C B B B B B B B B B B B B B B B B B B B B
XXXX 22NQM2 - 269 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)     Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 270 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Non-Warrantable condo's are limited to 43% DTI. Lender exception approval provided. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - Notice of Special Flood Hazard Disclosure Not Provided Timely: FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing.
[2] Federal Compliance - TRID Final Closing Disclosure Fee Terminology and Order: TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology or did not list the fees in the same sequential order as the Loan Estimate. (FinXX/XX/XXXX)
Federal Compliance - Notice of Special Flood Hazard Disclosure Not Provided Timely: Evidence of earlier borrower receipt was not found in file.
Federal Compliance - TRID Final Closing Disclosure Fee Terminology and Order: Title - Lien Search changed to Title - Title Examination.
  Federal Compliance - Notice of Special Flood Hazard Disclosure Not Provided Timely: Liability for violations cannot be transferred to a subsequent purchaser of a loan.

Federal Compliance - TRID Final Closing Disclosure Fee Terminology and Order: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
HOA R/T with 710 FICO allows 90% w/ 5% reduction due to Condo Risk Level 3%: 85%. Current LTV: 79.49%

Residual Income - Required: $XXXX vs Actual : $XXXX

Significant reduction in housing payment as supported by NTB. 21% reduced payment.
  - C C C C C B B B B B B B B B B B B B B B B B B B B
XXXX 22NQM2 - 271 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - Check Loan Designation Match - QM: Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Non QM.
[2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
Federal Compliance - Check Loan Designation Match - QM: Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Non QM.
Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien: Closing disclosure did not indicate any seller fees vs the Sellers Closing disclosure that had $12,114.88 in fees.
REVIEWER - CURED COMMENT (2019-07-17): File switched to Non-QM
REVIEWER - CURED COMMENT (2019-07-17): Data correct on subsequent CDs (XXXX).
Federal Compliance - Check Loan Designation Match - QM: Rating Agency requirements are to have the Creditor provide the ATR/QM Loan Designation to the TPR firm performing the loan level due diligence and to have the TPR firm confirm said designation. 701 representative FICO score > 660 guideline minimum - 41 points above guideline minimum

80% LTV < 90% guideline max

Borrower has a retirement account with a balance of $XXXX, however due to the borrower's age, the guidelines do not allow to use for reserves.
  - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 272 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Fee was charged  but no report was provided. REVIEWER - WAIVED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive. 1 [1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $43.73 exceeds tolerance of $35.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520) Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Cure provided on Closing DIsclosure REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.   16 months reserves > 6 months guideline minimum   - C C C C C A A A A A A A A A A B B B B B B B B B B
XXXX 22NQM2 - 273 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of 660. Credit score of XXX is less than required 660. Lender approved this exception. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       2 [2] Federal Compliance - TRID Final Closing Disclosure Late Payment Test: TILA-RESPA Integrated Disclosure- Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the terms of the Late Payment. (FinXX/XX/XXXX)   REVIEWER - CURED COMMENT (2019-07-17): This is cured on the XX/XX/XXXX post funding CD. Federal Compliance - TRID Final Closing Disclosure Late Payment Test: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability. The reserves of 38 months are above the required reserves of 6 months.

The residual income, $XXXX, is above the required amount of $XXXX.
  - D D D D D B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 274 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Fee was collected but no report provided. REVIEWER - WAIVED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive. 2 [2] Federal Compliance - TRID Seller Closing Disclosure: TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)     Federal Compliance - TRID Seller Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability. 12 months reserves > 3 months guideline minimum   - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 275 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $136.00 exceeds tolerance of $40.00 plus 10% or $44.00.  Insufficient or no cure was provided to the borrower. (0)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $494.00 exceeds tolerance of $434.00.  Insufficent or no cure was provided to the borrower. (7506)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $2,805.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (7325)
[1] Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are greater than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX)
Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: $72 violatioin.  $20 Deed Recording fee was paid by seller which is customary in the state of Texas.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee disclosed as $434 on LE dated 11/29 and as $494 on Final CD.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee not disclosed on LE
Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: Sreller's CD reflects $17,585.71.  Borrower's CD reflects $11,414.96.
REVIEWER - CURED COMMENT (2019-07-17): Final CD reflects $2937 Lender Credit for tolerance cure.
REVIEWER - CURED COMMENT (2019-07-17): Final CD reflects $2937 Lender Credit for tolerance cure.
REVIEWER - CURED COMMENT (2019-07-17): Final CD reflects $2937 Lender Credit for tolerance cure.
REVIEWER - CURED COMMENT (2019-07-17): Data was corrected on subsequent CD which reflects $17,585.71 seller paid fees
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
18 months reserves > 6 months guideline minimum   - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 277 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 2 [2] Miscellaneous - Credit Exception: Lender Approved Exception:  Borrower qualifies for better program based on the foreclosure deed out of the borrowers ownership executed and filed XX/XX/XXXXsignedXX/XX/XXXXnd recorded XX/XX/XXXX. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - TRID Final Closing Disclosure Prepaid Interest: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed prepaid interest under Prepaids that does not match calculated figures. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Seller Closing Disclosure: TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Prepaid Interest: CD reflects $614.55, calculates to be $XXX.65.  ($46.31 x 15)   Note:  data is corrected on subsequent CD reflecting $40.97x15=$614.55, however file is missing Letter of Explanation to borrower.   Federal Compliance - TRID Final Closing Disclosure Prepaid Interest: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
DTI ratio is XX%/XX%%.

Excess funds for reserves $XXXX.

LTV is 90%.

Residual income required is $XXXX, actual is $XXXX. Excess is $XXXX.
  - C C C C C B B B B B B B B B B B B B B B B B B B B
XXXX 22NQM2 - 263 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Safe Harbor QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Safe Harbor QM matches the Due Diligence Loan Designation of Safe Harbor QM.   REVIEWER - CURED COMMENT (2019-07-17): Designation switched to Safe Harbor. Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Rating Agency requirements are to have the Creditor provide the ATR/QM Loan Designation to the TPR firm performing the loan level due diligence and to have the TPR firm confirm said designation. XX% DTI on this (Documentation Type) documentation loan <50.00% guideline max - XX% below program guideline maximum

Borrower has employment stability for 20 years in theTechnology industry. And residual income of $XXXX mo
  - C C C C C A A A A A A B B B A B B B B B B B B B B
XXXX 22NQM2 - 278 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Secondary valuation product was not provided. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1 [1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Pest Inspection Fee.  Fee Amount of $75.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (75155)   REVIEWER - CURED COMMENT (2019-07-17): Cured with Lender credit at closing   135 months reserves > 2 months guideline minimum

57.97% LTV < 70.00 guideline
  - C C C C C A A A A A A A A A A B B B B B B B B B B
XXXX 22NQM2 - 276 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1         XX% DTI on this full documentation loan < 50% guideline max - 11% below program guideline maximum   - C C C C C A A A A A A A A A A B B B B B B B B B B
XXXX 22NQM2 - 279 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Interim Closing Disclosure Esign Consent Agreement Timing: ESIGN Act - Closing Disclosure provided onXX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InterXX/XX/XXXX017)
[1] Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $278.00 exceeds tolerance of $236.00 plus 10% or $259.60.  Sufficient or excess cure was provided to the borrower at Closing. (0)
  REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.   XX% DTI on this loan < 43% guideline max - XX% below program guideline maximum   - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 280 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender approved exception:  Per guidelines, use of retirement accounts for asset depletion requires borrower to be 59 1/2, borrower has not attained that age yet and lender used IRA accounts at 85% value for asset depletion to qualify. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.   REVIEWER - CURED COMMENT (2019-07-17): Designation switched to Non-QM Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Rating Agency requirements are to have the Creditor provide the ATR/QM Loan Designation to the TPR firm performing the loan level due diligence and to have the TPR firm confirm said designation. Borrower on this full doc documentation loan has a residual income of $XXXX.

Guideline variance approved by lender at time of origination, DTI less then maximum allowed.

Guideline variance approved by lender at time of origination. Excess Reserves.
  - C C C C C B B B B B A B B B A B B B B B B B B B B
XXXX 22NQM2 - 283 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Fee collected but no report provided. REVIEWER - WAIVED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive. 2 [2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing DisclosureXX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $342.54 exceeds tolerance of $150.00.  Insufficent or no cure was provided to the borrower. (7520)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (75106)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee.  Fee Amount of $1,350.00 exceeds tolerance of $949.00.  Insufficent or no cure was provided to the borrower. (7355)
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Erroneous Reg ID 2924. The F. Prepaids Homeowner's Insurance Premium includes a one time $25.00 service charge. The amounts disclosed in section G do not include the one time fee.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: No VCC found for increase in fees on 1/10 LE.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: No VCC found for increase in fee on 1/10 LE.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: No VCC found for increase in fee.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: No VCC found for increase in fee.
REVIEWER - CURED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
REVIEWER - CURED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
REVIEWER - CURED COMMENT (2019-07-17): Cure provided at closing.
REVIEWER - GENERAL COMMENT (2019-07-17): Rebuttal from lender states that lender credit covered this violation.  There are a total of $743.54 in tolerance violations and only $443.54 in lender credits.  Once aggregate of violations is remedied, then all tolerance violations will be cured.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
45 months reserves > 3 months guideline minimum   - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 281 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] General Appraisal Requirements - Valuation Error: Desk review value not provided. Fee collected but no report provided. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
REVIEWER - GENERAL COMMENT (2019-07-17): Received copy of CDA but value is Indeterminate.  3rd Party valuation is required to substantiate appraised value.
2 [2] Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (75106)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $550.00.  Insufficent or no cure was provided to the borrower. (7507)
  REVIEWER - CURED COMMENT (2019-07-17): Designation switched to Non-QM
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Rating Agency requirements are to have the Creditor provide the ATR/QM Loan Designation to the TPR firm performing the loan level due diligence and to have the TPR firm confirm said designation.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
14 months reserves > 6 months guideline minimum   - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 282 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 1       2 [2] General Appraisal Requirements - Valuation Exception: Subject is a non-warrantable condo with 407 sq ft GLA. Lender approved exception in the loan file. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1 [1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $1,809.60 exceeds tolerance of $1,761.75.  Sufficient or excess cure was provided to the borrower at Closing. (8304)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $655.00 exceeds tolerance of $450.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)
  REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
REVIEWER - CURED COMMENT (2019-07-17): Cured at closing.
  XX% DTI on this Full documentation loan < 43% guideline max - XX% below program guideline maximum

Borrower on this Full documentation loan has a disposable income of $XXXX.
  - C C C C C A A A A A A A A A A B B B B B B B B B B
XXXX 22NQM2 - 284 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Eligibility - Credit Issue:  Charged off accounts on credit report were not satisfied at closing per loan approval.
[2] Mortgage / Program Eligibility - Guideline Requirement: Loan to value discrepancy.: Calculated loan to value percentage of 89.99990% exceeds Guideline loan to value percentage of 85.00000%.
Lender approved
Lender approved
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive.
2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Fee collected but no report provided. REVIEWER - WAIVED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive. 2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 6.48240% or Final Disclosure APR of 6.48200% is in excess of allowable threshold of APOR 3.51% + 2.5%, or 6.01000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Esign Consent Agreement Timing: ESIGN Act - Loan Estimate provided on XX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Seller Closing Disclosure: TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $2,622.62 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (7200)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (75103)
State Compliance - California HPML Threshold Test: Verified fees were input correctly.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: CD data field is blank, calculates to be $2772.62.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee not disclosed on LE.  Note:  COC in file indicates Courtesy re-disclosure reflecting the increase in discount fees, however no reason for change was given.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee not disclosed on LE dated XX/XX/XXXXnd disclosed as $150 on Final CD.  Note:  Per COC in file Lender was notified of change on XX/XX/XXXXhowever re-disclosed LE was not issued until 12/12/16.
REVIEWER - CURED COMMENT (2019-07-17): Designation switched to Non-QM
REVIEWER - CURED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
REVIEWER - GENERAL COMMENT (2019-07-17): Received CoC stating fee was added at closingXX/XX/XXXXhows rate was locked through 2/22, so no extension was necessary.  Exception remains.
REVIEWER - CURED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Check Restated Loan Designation Match - QM / ATR: Rating Agency requirements are to have the Creditor provide the ATR/QM Loan Designation to the TPR firm performing the loan level due diligence and to have the TPR firm confirm said designation.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Seller Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
22.29 months reserves > 6 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower has employment stability for 18 years as an Attorney.

Borrower has job stability for 12 years with the same employer, as an Attorney.

Guideline variance approved by lender at time of origination.
Credit score required for 90% LTV is 680, actual 674.
Lender LTV exception to allow up to 90% LTV when program maximum is 85% LTV based on the following compensating factors:

Residual income required is $XXXX, actual verified is $XXXX.
Stable employment for B1, 12 years same employer.
Primary housing payment history past 36 months 0x30.
  - C C C C C B B B B B B B B B B B B B B B B B B B B
XXXX 22NQM2 - 285 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender Approved Exception to DTI:  Non-Warrantable Condo- Max DTI 43%. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       1         Required residual income $XXXX versus actual $XXXX

Reserves of 29 months > 12 months required
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 286 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1         XX% DTI on this full documentation loan < 50% guideline max - XX% below program guideline maximum   - C C C C C A A A A A A A A A A B B B B B B B B B B
XXXX 22NQM2 - 288 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Second  valuation product was not provided.  Final CD reflects Field Review fee collected. REVIEWER - WAIVED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive. 2 [2] State Compliance - California HPML Threshold Test: California Higher-Priced Loan: APR on subject loan of 6.82620% or Final Disclosure APR of 6.82700% is in excess of allowable threshold of APOR 3.4XX% + 2.5%, or 5.98000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - RESPA -  Initial Escrow Account statement Inaccurate: RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure.
State Compliance - California HPML Threshold Test: Note rate is 6.25%.   State Compliance - California HPML Threshold Test: Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - RESPA -  Initial Escrow Account statement Inaccurate: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.
9 months reserves > 3 months guideline minimum   - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 287 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Higher Priced QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Fee collected but no report provided. REVIEWER - WAIVED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
Client elects to waive.
1         42 months reserves > 3 months guideline minimum   - C C C C C A A A A A A A A A A B B B B B B B B B B
XXXX 22NQM2 - 289 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender approved exception. REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 1       1         .   - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 290 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Higher Priced QM 2 1       2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive. 2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $500.00.  Insufficent or no cure was provided to the borrower. (7506)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: No cure was found related to the zero% tolerance issues.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee disclosed as $500 on LEs and as $600 on Final CD.
REVIEWER - CURED COMMENT (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower. Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
411 months reserves > 3 months guideline minimum   - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 291 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Higher Priced QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Erroneous reg ID 2933. No tolerance violation for Transfer Tax fee. Tolerance violation comes from split of transfer taxes. Portion in the amount of $1,005.30 was paid by the borrower and $1,505 was paid by the seller.   Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.     - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 99 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $693.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (7200)
  REVIEWER - CURED COMMENT (2019-07-17): Cured with credit at closing Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 98 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)           - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 100 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Earnest Money from foreign account.  Lender approved exception REVIEWER - WAIVED COMMENT (2019-07-17): Lender approved exception 1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX)
    Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability. Guideline variance approved by lender at time of origination   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 101 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing DisclosureXX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX)
    Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 103 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)     Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 91 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)           - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 102 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $1,736.00 exceeds tolerance of $1,682.00.  Insufficent or no cure was provided to the borrower. (8304)
  REVIEWER - CURED COMMENT (2019-07-17): Cured with credit on final CD Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 93 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing DisclosureXX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)           - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 104 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 94 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Google translate used to translate the CPA letter.  Waived sourcing of large deposits, Waived requirement to have the English Translation of the most recent bank statement with XXXX.  56 days documented in XXXX account XXXX did not meet 60 day requirement.  Lender waived the exceptions REVIEWER - WAIVED COMMENT (2019-07-17): Lender approved exception 1       2 [2] Federal Compliance - TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
    Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability. Guideline variance approved by lender at time of origination   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 214 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Cash To Close: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Final value of Cash to Close that does not match the actual sum of Final cash to close figures. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Payoff Amount that is not equal to the sum of all payoffs listed in the Payoffs and Payments section. (FinXX/XX/XXXX)
    Federal Compliance - TRID Final Closing Disclosure Without Seller - Cash To Close: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 92 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Higher Priced QM 2 2 [2] Miscellaneous - Credit Exception: Multiple credit event, the borrower has a prior short sale and foreclosure.  Lender approved the exception. REVIEWER - WAIVED COMMENT (2019-07-17): Lender approved exception 1       2 [2] Federal Compliance - Self-Employed Tax Return Recency: Qualified Mortgage (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX LLC/S-Corp)
[2] Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit: TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Seller Credit that does not match the Seller Credit from the Calculating Cash to Close table. (FinXX/XX/XXXX)
    Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability. Guideline variance approved by lender at time of origination.   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 3 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $550.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7548)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $91.80 exceeds tolerance of $45.00.  Insufficient or no cure was provided to the borrower. (7520)
[1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 6.47620% or Final Disclosure APR of 6.52600% is in excess of allowable threshold of APOR 4.2XX% + 1.5%, or 5.78000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.47620% or Final Disclosure APR of 6.52600% is in excess of allowable threshold of APOR 4.2XX% + 1.5%, or 5.78000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure Finance Charge: Finance charge 570,497.97 > CD Finance Charges 551,092.98 - Finance charges under disclosed by $19,404.99 - PCCD
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Disclosure reflects Homeowner's Insurance of ($1,947.15 or $162.29/mo) under Prepaids; however, Homeowner's Insurance monthly under Initial Escrow Payments is ($137.02); the Lender did not use the correct EOI to calculate the monthly prepaid amount.
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: CD Total Interest % 122.768 < Calculated CD Total Interest % 127.129 - PCCD
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: CD Total of Payments 997,504.78 < calculated CD Total of Payments 1,016,909.77. - PCCD
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Cure for Loan Discount Points of $475.00, Credit Report Fee of $46.80 and Processing Fee of $550.00 was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Loan Estimate.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee disclosed as ($45) on (LE dated XX/XX/XXXX), but disclosed as ($91.80) on Final Closing Disclosure.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided a corrected PCCD, LOX and shipping label.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided a corrected PCCD, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided a corrected PCCD, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): No COC for additional of progressing fee on  [Redacted] CD not disclosed on LE. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): No COC provided for increase in credit report fee on  [Redacted] CD - no valid reason. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 1 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Documentation - Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Please provide Rental History for borrower's current residence supporting 1x30x12. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided  [Redacted]. Missing  [Redacted] for most recent 12 months. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided bank statements for  [Redacted] rental transfer for  [Redacted].. - 1x30x12 required however missing the previous months in last 12 months  [Redacted]. Exception remains open.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $110.00 exceeds tolerance of $100.00.  Insufficient or no cure was provided to the borrower. (7520)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $1,824.00 exceeds tolerance of $1,672.00.  Insufficient or no cure was provided to the borrower. (7200)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.08690% or Final Disclosure APR of 7.16000% is in excess of allowable threshold of APOR 4.43% + 1.5%, or 5.93000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for (Loan Discount Point) of ($152.00) and (Credit Report Fee) of ($10.00) was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee disclosed as ($100) on (LE dated XX/XX/XXXX), but disclosed as ($110.00) on Final Closing Disclosure.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Loan Estimate, no COC provided with valid reason for increase/addition of fee.
Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $6,925.00, while closing CD seller's fees total $12,590.00.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC and rate lock for  [Redacted] however fee increased on the  [Redacted] CD. No valid COC was provided. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): No COC provided for the increase in Credit report fee. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC and rate lock for  [Redacted] however fee increased on the  [Redacted] CD. No valid COC was provided. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC for  [Redacted] increase in discount points - no valid reason provided for the increase in fee. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
23.38 months reserves >3 months guideline minimum

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

691 FICO, 11 points > program minimum of 680

Borrower has job stability for 25 years as owner of XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 10 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] Credit Eligibility - Guideline Issue: Bankruptcy timeline outside of credit guidelines Lender approved exception to allow CH 7 BK discharged only 40 months prior to close  vs 48 months minimum requirement per guidelines. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors. 1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.159XX% or Final Disclosure APR of 7.16300% is in excess of allowable threshold of APOR 4.35% + 2.5%, or 6.85000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7552)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $700.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7507)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $3,714.00 exceeds tolerance of $3,630.00.  Sufficient or excess cure was provided to the borrower at Closing. (8304)
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Fee was not disclosed on Loan Estimate. Cure for ($934.00) was provided.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Fee was not disclosed on Loan Estimate. Cure for ($934.00) was provided.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Fee disclosed as ($3,630) on (LE dated XX/XX/XXXX), but disclosed as ($3,714.00) on Final Closing Disclosure. Cure for ($934.00) was provided.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans. Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability. Borrower has been self-employed 6+ years, owner of XXXX in the same line of work 36+ years

DTI is XX%, 35% < program maximum of 50%

Rate and Term refinance

Reserves are 6.11 months, 2.11 months > program requirement of 6 months
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 13 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of $120.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7712)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.18660% or Final Disclosure APR of 7.20300% is in excess of allowable threshold of APOR 4.50% + 1.5%, or 6.00000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Final disclosure reflects a total expense for Homeowner's Dues of $120.00 in section C, not previously disclosed, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $14,907.93, while closing CD seller's fees total $0.00.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD moving fee from C to H and the LOX and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD moving fee from C to H and the LOX and proof of delivery.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 9 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] Guideline Issue - Ineligible property type.: Condo (High Rise) The subject Condominium complex has owner occupancy of 29.51%, which is less than 50% as required by guidelines. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       1         The Condominium Association maintains good financial health; repairs and maintenance are adequately budgeted leaving the condominium with no net loss.  The project also contributes the required 10 of their assessments for reserves.  Project shows less than 1% delinquency reported greater than 60 days.  Project is adequately insured and is well established, since 2003.  The Lender Exception Revision request indicates there are "no other eligibility concerns" noted in the questionnaire, however, it has been determined that the Owner Occupancy rate of the complex is under the required 50% level with no additional review.  An exception was set for this item.   - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 8 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Documentation - Credit Report Error: Monthly Payment  was not provided Lender approved exception for Borrower lives with family rent free. No housing payment history vs program requirement for 12 months rental history. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:SecondaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Lender Credit Tolerance Violation: TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $-8,880.00  is less than amount of binding Lender Credit previously disclosed in the amount of $-38,480.00. (9300)
[2] Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $5,948.00 exceeds tolerance of $5,221.00 plus 10% or $5,743.10.  Insufficient or no cure was provided to the borrower. (0)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $14,800.00 exceeds tolerance of $10,000.00.  Insufficient or no cure was provided to the borrower. (8304)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: Missing evidence of the borrower's receipt of the appraisal.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for (Lender Credits) of ($29,600.00), (10% tolerance violation) of ($727.00) and (Transfer Tax) of ($4,800.00) was not provided.
Federal Compliance - TRID Lender Credit Tolerance Violation: Fee disclosed as (-$38,480) on (LE dated XX/XX/XXXX), but disclosed as (-$8,880.00) on Final Closing Disclosure.
Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: Cure for 10% tolerance violation ($727.00) was not provided. Due to increase in Endorsement, recording, survey and title search fees.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee disclosed as ($10,000) on (LE dated XX/XX/XXXX), but disclosed as ($14,800.00) on Final Closing Disclosure.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $90,923.50, while closing CD seller's fees total $88,998.00.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the appraisal receipt dated  [Redacted] - appraisal dated  [Redacted] Please provided appraisal receipt for second appraisal dated  [Redacted] Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD, refund, LOX, and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): There is no revised LE in the file to show the effect/change in lender credit as a result of the same day rate re-lock that occurred on  [Redacted] The exception remains valid.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC dated  [Redacted] for erroneous credit  which is not a valid change of circumstance. Please provide support that borrower requested a change to get the same rate, pay  [Redacted] in origination and reduce the credit they are receiving by to  [Redacted] causing them to pay  [Redacted] more for the same rate. Exception remain as documented.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC dated  [Redacted] reason erroneous credit - no valid reason. Binding credit - [Redacted] final credit - [Redacted] Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): The COC dated  [Redacted] states reason as Change in settlement Charges - there is no valid reason associated with this change/increase in fees. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC dated  [Redacted] - reason change in settlement charges - no valid reason as fees effected are endorsement, lenders title, recording, survey and title search. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): COC provided for  [Redacted] final CD of erroneous credit, no increase of fees or valid reason provided. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Lender Credit Tolerance Violation: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
12 months timely commercial payments at office.

Borrower has 22 trade lines dating back to 1998 with no late payments on any trade line ever to date.

DTI is 35%, XX% < program maximum of 50%.

Reserves are 12 months, 6 months > program requirement of 6 months.

Self-employed for six years, owner of XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 12 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender granted exception for DTI of XX% exceeding program maximum of 50%.  No compensating factors reflected. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date: Truth in Lending Act:  Subject loan transaction disbursed on XX/XX/XXXX, prior to three (3) business days from transaction date of XX/XX/XXXX.
[2] Federal Compliance - TRID Final Closing Disclosure APR  Irregular Transaction: TILA-RESPA Integrated Disclosure - Loan Calculations:  APR of 6.06200% on Final Closing Disclosure provided on XX/XX/XXXX is under-disclosed from the calculated APR of 6.48560% outside of 0.250% tolerance. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)
Federal Compliance - TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date: Disclosure reflects a disbursement date of (XX/XX/XXXX) however, the RTC reflects an expiration date of (XX/XX/XXXX).  Please provide a Post Consummation CD curing the closing and disbursement dates, to match the Right to Cancel signed by the borrower and the notary date on the Security Instrument.
Federal Compliance - TRID Final Closing Disclosure APR  Irregular Transaction: PCCD APR 6.4856 > CD APT 6.062
Federal Compliance - TRID Final Closing Disclosure Closing Date: Disclosure reflects Closing Date of (XX/XX/XXXX), but transaction consummation (mortgage notary) date was XX/XX/XXXX.  Please provide a Post Consummation CD correcting the closing date.
Federal Compliance - TRID Final Closing Disclosure Finance Charge: PCCD Finance charge 958,951.57 > CD Finance charges 862,047.68 - understated -$96,903.89
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: The Evidence of Property Insurance with the correct mortgage has been provided in the file and indicates that the borrower's full annual premium of $773 was prepaid as ofXX/XX/XXXX The Final CD reflects prepaid hazard of $XXX (from a Dec Page in file).  The Monthly escrow amount of $64.42 collected in Sec. G is correct.  Please provide a Post Consummation CD correcting the Borrower's POC to $773.
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: PCCD2 Total interest Percentage 128.375 > Calculated CD total interest Percentage 126.18
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: PCCD Total interest Percentage 113.26 < calculated Total interest percentage 126.18
Federal Compliance - TRID Final Closing Disclosure Total Of Payments: PCCD CD Total of payments 1,613,559.68 < calculated CD Total of Payments 1,710,463.57
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the LOX, shipping label and NORTC.
REVIEWER - GENERAL COMMENT (2018-10-29): PCCD RTC expiration date  [Redacted] < expected RTC expiration date  [Redacted] Exception remains
SELLER - GENERAL COMMENT (2018-10-29): [Redacted] Requested
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD,LOX, shipping label and NORTC.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the corrected PCCD  [Redacted] and LOX. Missing proof of delivery and  [Redacted] to re-open rescission as loan is a rescinable transaction and required to cure.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
SELLER - GENERAL COMMENT (2018-10-29): [Redacted] Requested
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD,LOX, shipping label and NORTC.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the corrected PCCD  [Redacted] and LOX. Missing proof of delivery and NORTC to re-open rescission as loan is a rescinable transaction and required to cure.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the Corrected PCCD and LOX
SELLER - GENERAL COMMENT (2018-10-29): [Redacted] Requested
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD  [Redacted] and LOX.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD,LOX, shipping label and NORTC.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the corrected PCCD  [Redacted] and LOX. Missing proof of delivery and NORTC to re-open rescission as loan is a rescinable transaction and required to cure.
Federal Compliance - TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date: TILA ROR - 3yrs for rescindable transactions.

Federal Compliance - TRID Final Closing Disclosure APR  Irregular Transaction: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative

Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Of Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.
36.1445XX%LTV < 80.00% guideline max

5.13 months reserves > 3 months minimum required

Borrower has job stability for 28 years as an Chiropractor

Expense ratio is much less than 50% but CPA is unwilling to submit letter indicating
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 5 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Allow outstanding IRS debt in the amount of $XXXXto remain open. Lender approved exception provided in file. REVIEWER - WAIVED COMMENT (2018-10-29): Lender approved exception provided in file. 1       2 [2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Revised Loan Estimate Timing vs Closing Disclosure: TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Working Capital.  Fee Amount of $1,347.72 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (77121)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Transfer Fee.  Fee Amount of $100.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7712)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $7,433.63 exceeds tolerance of $6,450.00.  Insufficient or no cure was provided to the borrower. (7200)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Finance Charge: Per PCCD calculations
Federal Compliance - TRID Final Closing Disclosure Finance Charge: Disclosure reflects Finance Charge as $451,068.99; calculated is $453,190.57. Difference amount is $2,121.58 which exceeds the max allowable tolerance of $100 for purchases. It appears HOA fees were not included into the prepaid finance charges. Itemization not provided.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for various 0% tolerance violations ($1,447.72) was not provided. On PCCD
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for various 0% tolerance violations $983.63 was not provided.
Federal Compliance - TRID Revised Loan Estimate Timing vs Closing Disclosure: Final LE is datedXX/XX/XXXXfter the Initial CD that is datedXX/XX/XXXXFederal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee not disclosed on LE(on PCCD)
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee not disclosed on LE (on PCCD)
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Loan Discount Points disclosed as $6,450 on the CD datedXX/XX/XXXXbut disclosed as $7,433.63 on the Final Closing Disclosure. This is due to an LE being issued after this CD.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: No Seller paid fees disclosed on PCCD
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $26,969.31.  Seller paid fees not listed on the borrowers Final CD, Abstract fee of $115, Lender's Title of $650, Recording fees of $46.70, Deed Stamps of $3,010, Buyer Realtor Commission of $10,750, Maintenance of $673.86, Water Bill of $100, Estoppel of $255, Seller Realtor Commission of $10,750 and Owner's Title of $618.75.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the refund, PCCD, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Exception downgraded to EV2 based on borrower acknowledgment that the  [Redacted] CD, while received and signed, inaccurately disclosed product as ARM instead of fixed and borrower should therefore not rely on it. While correction should have been done with a subsequent CD, LE was used instead.
REVIEWER - GENERAL COMMENT (2018-10-29): The revised LE dated  [Redacted] is dated after the initial CD dated  [Redacted] provide evidence that either the  [Redacted] LE or  [Redacted] CD was not provided to the borrower. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): The revised LE dated  [Redacted] is dated after the initial LE dated  [Redacted] provide evidence that either the  [Redacted] LE or  [Redacted] CD was not provided to the borrower. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Revised LE is dated > initial CD date please provide the initial CD issued after the revised LE. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): LE dated  [Redacted] > the initial CD issue date  [Redacted] Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD and LOX moving fee from C to H.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD and LOX moving fee from C to H.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): Exception remains as PCCD amount refunded is insufficient as additional 0% tolerance exceptions located. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Timing vs Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
24 months reserves >3 months guideline minimum - borrowers have verified reserves of $XXXX.

XX% DTI on this Full documentation loan < 50% guideline max - XX% below program guideline maximum.

Borrower has been employed for 2.5 years which is more than the 2 year minimum qualifying requirement.

The Borrower's credit score is 720 which is 40 points more than the program requirement of 680.

The transaction LTV is 75% which is less than the program maximum of 80%.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 117 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Miscellaneous Compliance - Other Compliance Exception (Manual Add)
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.
[2] Federal Compliance - RESPA -  Initial Escrow Account Statement Missing: RESPA: Initial escrow account statement was not provided to the borrower.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.05720% or Final Disclosure APR of 7.09000% is in excess of allowable threshold of APOR 3.94% + 1.5%, or 5.44000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Miscellaneous Compliance - Other Compliance Exception (Manual Add): Section H reflects fee as (179.00).
Federal Compliance - RESPA -  Initial Escrow Account Statement Missing: Document not provided
Federal Compliance - Federal HPML 2014 Compliant: Disclosure reflects APR as 7.090%; calculated is 7.0272%; threshold is 5.44%.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller paid fees on the buyers Closing Disclosure is $10,611.70; seller paid fees on the sellers Closing Disclosure is $11,493.20.  Seller paid fees not listed on the borrowers Final CD, Closing fee of $150, CPL of $25, Deed Prep of $60, IDOI Rebate of -$100, Search fee of $295, TIEFF of $5, Additional Broker Commission of $179, HOA dues of $150 and HOA Transfer fee of $127.50.
REVIEWER - CURED COMMENT (2018-06-01): Seller provided a corrected PCCD with fee as Broker Commission fee to third party for 179.00.
REVIEWER - WAIVED COMMENT (2018-06-01): [Redacted] has elected to waive
REVIEWER - WAIVED COMMENT (2018-06-01): [Redacted] has elected to waive
REVIEWER - WAIVED COMMENT (2018-06-01): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-06-01): [Redacted] has elected to waive
Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - RESPA -  Initial Escrow Account Statement Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - D D D D D A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 19 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Documentation - Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Lender approved exception to allow Borrower lives with family and therefore does not have a rental or mortgage history vs program requirement of twelve months housing history. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of $390.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (77121)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Transfer Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7712)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.34190% or Final Disclosure APR of 7.37300% is in excess of allowable threshold of APOR 4.49% + 1.5%, or 5.99000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Seller provided the appraisal receipt datedXX/XX/XXXX - appraisal datedXX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for (HOA Transfer Fee) of ($150.00) and (Homeowner's Dues) of ($390.00) was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Loan Estimate.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Loan Estimate.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $14,530.00, while closing CD seller's fees total $0.00.  All fees were added to the Borrower's CD for testing.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD, LOX and shipping.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD, LOX and shipping.
REVIEWER - GENERAL COMMENT (2018-10-29): No COC provided with valid reason. Please provide corrected a CD, LOX, proof of delivery and refund. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the corrected PCCD, LOX and shipping.
REVIEWER - GENERAL COMMENT (2018-10-29): No COC provided with valid reason. Please provide corrected a CD, LOX, proof of delivery and refund. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Borrower is Wedding/Event Planner for 10 years, self-employed Owner of XXXX for 2 years

Credit score is 763, 63 points >program requirement of 700

DTI is XX%, 3.985% < program maximum of 50%

No public records

Reserves are 23.48 months, 20.48 months > program requirement of 3 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 96 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: same exception updated REVIEWER - GENERAL COMMENT (2018-10-29): Anti-steering disclosure provided.  Needed LO Compensation disclosure.  Exception not cleared.
BUYER - GENERAL COMMENT (2018-10-29): Anti Steering Disclosure attached addressing LO Comp
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 23 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 1       1       2 [2] Federal Compliance - TRID Invalid Section B Combinations: TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.80270% or Final Disclosure APR of 7.81800% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Invalid Section B Combinations: Disclosure reflects Inspection Fee in Section B as paid to the Lender. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Invalid Section B Combinations: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 15 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] Guideline Issue - The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file. Lender approved to allow Self-employment verified sinceXX/XX/XXXX vs program requirement that borrower must have been continually self-employed for the most recent two year. Tax preparer to verify self-employment vs verification from CPA. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating. 1       2 [2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $2,659.03 exceeds tolerance of $2,610.00.  Insufficient or no cure was provided to the borrower. (7325)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.00270% or Final Disclosure APR of 7.01000% is in excess of allowable threshold of APOR 4.XX% + 1.5%, or 5.92000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Cure for Loan Origination Fee of $49.03 was not provided. Cure of $18.50 was reflected, which is insufficient to cure.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee disclosed as $2,610 on LE dated XX/XX/XXXX, but disclosed as $2,659.03 on Final Closing Disclosure, a variance of $49.03.  Please provide a Post Consummation CD correcting the issue and proof of a cure provided to the borrower.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Received PCCD, LOE, copy of refund check, and proof of delivery Refund of $49.03 provided to cure.
SELLER - GENERAL COMMENT (2018-10-29): [Redacted] PCCD, LOX, Check and Label uploaded
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the  [Redacted] LE and  [Redacted] COC for rate lock, missing valid COC for  [Redacted] increase and correct cure amount and variance 49.03 and refund on final CD was 18.50 and insufficient to cure. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Received PCCD, LOE, copy of refund check, and proof of delivery Refund of $49.03 provided to cure.
SELLER - GENERAL COMMENT (2018-10-29): [Redacted] PCCD, LOX, Check and Label uploaded
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the  [Redacted] LE and  [Redacted] COC for rate lock, missing valid COC for  [Redacted] increase and correct cure amount and variance 49.03 and refund on final CD was 18.50 and insufficient to cure. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Credit score is 743, 83 points > program requirement of 660

Good payment history, with no late payments listed on credit report and low credit balance to credit limit ratio

LTV is 76.24452%, 8.7554XX% < maximum allowed of 85%
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 20 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.79680% or Final Disclosure APR of 6.81300% is in excess of allowable threshold of APOR 4.XX% + 1.5%, or 5.92000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 25 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Minimum Loan Amount discrepancy.: Note loan amount of $XXXX is less than Guideline minimum loan amount of $100,000.00. Lender approved exception for loan amount of $XXXX vs program minimum of $100,000 REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - TILA LO Compensation (Impermissible Compensation Method): Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used.
[2] State Compliance - (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Oklahoma Higher-Priced Mortgage Loan: APR on subject loan of 7.160XX% or Final Disclosure APR of 7.15200% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Fee Terminology: TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology as the Loan Estimate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $2,299.33 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Home Loan Toolkit Timing: Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.
[2] Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,065.92 exceeds tolerance of $882.00 plus 10% or $970.20.  Insufficient or no cure was provided to the borrower. (0)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.160XX% or Final Disclosure APR of 7.15200% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Loan is a fixed rate, non assumable mortgage
Federal Compliance - TRID Final Closing Disclosure Fee Terminology: The LE's and CD's disclosed a $125 charge in three different names.  Please confirm whether this charge is for the same item and if so, issue a Post Consummation CD correcting the fee names to cure any associated tolerance violations.
Federal Compliance - TRID Final Closing Disclosure Finance Charge: Finance charges under disclosed by 125.00 - due to the title-processing fee of 125.00.
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: PCCD non escrowed costs Tear 1 2,299.33 < non escrowed Monthly Property Costs 209*12=2,508
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for 10% tolerance violation ($183.92) was not provided.
Federal Compliance - TRID Home Loan Toolkit Timing: Provided onXX/XX/XXXXederal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: The Final CD did not reflect a cure for the 10% tolerance violations noted (Lenders Title, title processing, recording fee.)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Borrower's CD missing seller paid fees of commissions, HOA Dues, Title abstract, settlement fees, tax stamps
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the pccd and lox.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TILA LO Compensation (Impermissible Compensation Method): TILA - 3yrs for affirmative actions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Fee Terminology: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Home Loan Toolkit Timing: TILA - 1yr affirmative.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Credit score is 742, 82 points > program requirement of 660

DTI is 33%, 17% < program maximum of 50%

Guideline variance approved by lender at time of origination

Same line of work 10 years as Landman/Petroleum Landman

Reserves are 9.15 months, 6.15 months > program requirement of 3 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 18 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Asset Documentation - Guideline Issue: Insufficient asset documentation. Use of sale of gold and silver coin collection for closing. Lender exception request in file not approved or signed off. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a copy of a email approval for the exception with no signature or compensating factors. Please provide an exception with signoff and compensating factors. Exception remains
1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Fee Acronyms or Abbreviations: TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Prepaid Flood Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for Flood Insurance Premium under Prepaids. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Evidence of being provided to borrower not in file.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: Copy of disclosure not provided in file.
Federal Compliance - TRID Final Closing Disclosure Fee Acronyms or Abbreviations: Disclosure reflects a CDA fee; should reflect Collateral Desktop Analysis.
Federal Compliance - TRID Final Closing Disclosure Prepaid Flood Insurance Premium Months: Disclosure does not reflect number of months collected for flood insurance; amount does not calculate to the collected amount of $1,165.
Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence: No Seller paid fees were disclosed on the Final CD or the Seller's CD.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Fee Acronyms or Abbreviations: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Prepaid Flood Insurance Premium Months: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
130.39 months reserves > 3 months guideline minimum

736 representative FICO score > 680 guideline minimum - 56 points above guideline minimum

Borrower has job stability for 17 years as an owner of XXXX

Excellent payment history, which includes 3 open mortgages no late payments since inception
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 11 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. A5 Bank Statement review. . Exception in file is for DTI max of XX%.Analysis based on XX/XX/XXXX however file has XX/XX/XXXX statements in file when used income is $XXXX REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Lender approved exception.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $300.00 exceeds tolerance of $0.00 plus 10% or $0.00.  Insufficient or no cure was provided to the borrower. (0)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.92070% or Final Disclosure APR of 6.93600% is in excess of allowable threshold of APOR 4.41% + 1.5%, or 5.91000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure Assumption: Per note, the loan is an assumable ARM, CD indicates not assumable.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Recording fee not disclosed on the LE datedXX/XX/XXXX.
Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: Recording fee not disclosed on the LE datedXX/XX/XXXX.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD and LOX
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a corrected PCCD missing the LOX. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML complaint loans.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Borrower is a Physician, owner of XXXX for 5 years

Credit score is 736, 16 points >program requirement of 720

DTI includes a co-signed debt for brother's primary residence, but they cannot supply a full 12 months payment history to exclude

Guideline variance approved by lender at time of origination

LTV is 68.485%, 11.5XX% < program maximum of 80%

Reserves are 24 months, 21 months > program requirement of 3 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 95 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Admin Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7712)
Federal Compliance - TRID Final Closing Disclosure Closing Date: Dates are not corresponding.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Note date is XX/XX/XXXXhowever notary date is XX/XX/XXXXFederal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Fees are not matching.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Fees match final documents.
REVIEWER - WAIVED COMMENT (2019-01-08): Ok to waive per client.
SELLER - GENERAL COMMENT (2018-12-05): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
REVIEWER - WAIVED COMMENT (2019-01-07): Ok to waive per client.
REVIEWER - WAIVED COMMENT (2019-01-08): Ok to waive per client.
Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 28 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45500% or Final Disclosure APR of 7.46600% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $10,230.00, while closing CD seller's fees total $0.00. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 43 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Esign Consent Agreement Timing: ESIGN Act - Loan Estimate provided on XX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $9,775.00 exceeds tolerance of $8,625.00.  Insufficient or no cure was provided to the borrower. (7325)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.25480% or Final Disclosure APR of 7.27600% is in excess of allowable threshold of APOR 4.62% + 2.5%, or 7.12000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for 0% tolerance violation of $1,150.00 was not provided.
Federal Compliance - TRID Loan Estimate Esign Consent Agreement Timing: Borrowers consented to electronic disclosures on XX/XX/XXXX however, Loan Estimate was electronically provided to the borrowers on XX/XX/XXXX.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Loan Origination Fee was disclosed as $8,625.00 on the LE dated XX/XX/XXXX, but disclosed as $9,775.00 on the Final Closing Disclosure. COC provided on XX/XX/XXXX disclosed a rate lock and  change in the LTV which are not valid reasons for an increase in the of Loan Origination Fee. Evidence of cure for the increase of $1,150.00 was not provided.
Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TRID non-compliant. Seller's Final Closing Disclosure disclosed total seller paid fees of $36,667.50. Buyer's Final Closing Disclosure disclosed seller paid fees of $37,564.50. Difference of $897.00 due to Seller Title - Owner's Title Policy (Optional) Fee of $897.00 was not disclosed on the Seller's CD, but disclosed on the Buyer's CD.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided PCCD, LOX, refund, envelope and tracking.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the refund check and envelope for proof of delivery. Envelope is not sufficient as no tracking # present. Please provide copy of cancelled check for proof of delivery. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the PCCD and LOX, Missing refund and shipping label. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX , envelope and tracking.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the refund check and envelope for proof of delivery. Envelope is not sufficient as no tracking # present. Please provide copy of cancelled check for proof of delivery. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the PCCD and LOX, Missing refund and shipping label. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C D A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 39 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 36 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.52320% or Final Disclosure APR of 6.56500% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $20,480.00, while closing CD seller's fees total $1,320.00. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 97 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TIL Higher Priced Mortgage Loan Safe Harbor: TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.
Federal Compliance - TIL Higher Priced Mortgage Loan Safe Harbor: Non QM   Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 2 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 1       1       2 [2] State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: New York Subprime Loan: APR on subject loan of 7.06820% or Final Disclosure APR of 7.12900% is in excess of allowable threshold of Prime Mortgage Market Rate 4.58000 + 1.75%, or 6.33000%.  Compliant SubPrime Loan.
[2] Federal Compliance - TRID Alternate Table Usage: TILA-RESPA Integrated Disclosure – Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06820% or Final Disclosure APR of 7.12900% is in excess of allowable threshold of APOR 4.47% + 1.5%, or 5.97000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Alternate Table Usage: The Lender used the "without seller" disclosure for the initial LE's, but changed to the Alternate format in the remaining LE's and
CD's
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: CD is missing the number of months required for prepayment. On a refinance, insurance is prepaid on existing policy.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Alternate Table Usage: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 27 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of 660. Lender approved REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.
[2] State Compliance - Maryland HPML Threshold Test Non-Compliant: Maryland Higher-Priced Mortgage Loan: APR on subject loan of 7.45500% or Final Disclosure APR of 7.49500% is in excess of allowable threshold of APOR 4.51% + 2.5%, or 7.01000%.  Non-Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45500% or Final Disclosure APR of 7.49500% is in excess of allowable threshold of APOR 4.51% + 2.5%, or 7.01000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $485.70 exceeds tolerance of $420.00 plus 10% or $462.00.  Sufficient or excess cure was provided to the borrower at Closing. (0)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Release Tracking Fee.  Fee Amount of $45.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (75217)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Recording Service Fee.  Fee Amount of $40.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (75197)
State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Unable to locate the Maryland HPML disclosure.
Federal Compliance - TRID Final Closing Disclosure Finance Charge: The calculated Finance Charge of $1,602,097.15 exceeds the disclosed Finance Charge of $1,602,052.15 by $45 release tracking fee.
Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: The CD issued onXX/XX/XXXXncreased the Recording Fee without a valid change of circumstance.  A sufficient tolerance cure was provided on the final CD.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: The CD issued onXX/XX/XXXXdded a $45.00 for for Title - Title Release Tracking without a valid change of circumstance.  A sufficient tolerance cure was provided on the final CD.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: The CD issued onXX/XX/XXXXdded a $40.00 for for Title - Recording Service Fee without a valid change of circumstance.  A sufficient tolerance cure was provided on the final CD.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
SELLER - GENERAL COMMENT (2018-10-29): Please kindly waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
SELLER - GENERAL COMMENT (2018-10-29): Please kindly waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Received PCCD, LOE, copy of refund check and proof of delivery for $45 refund to borrower. Exception cured.
SELLER - GENERAL COMMENT (2018-10-29): LOX and refund check uploaded.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Assignee liability is unclear.

Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this full documentation loan < 50.00% guideline max - XX% below program guideline maximum

Borrower has employment stability for 17 years of self-employment in the construction industry.

No mortgage lates since 5/17.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 34 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - AUS Findings: All conditions were not met
[2] Income Documentation - Income Docs Missing:: Borrower: XXXX Business Return Transcripts (2016)
[2] Income Documentation - Income Docs Missing:: Borrower: XXXX Paystubs, VVOE - Employment Only
[2] General - Incomplete Document: 1003 Initial - Lender's is incomplete
Please provide current paystub and VVOE for the Co-Borrower. Please provide most recent tax transcripts, most recent signed and dated 1040’s, Audited YTD P&L, most recent Business tax transcripts or most recent signed and dated 1120’s for Borrower.
Please provide current paystub and VVOE for the Co-Borrower as per income documentation in file reflects the Co-Borrower does not have any ownership interest in the company.
Please provide fully executed Initial 1003.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Missing the  [Redacted] Business transcript borrower and third party verification for co-borrower. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Please provide current paystub and VVOE for the Co-Borrower. Please provide most  [Redacted] business tax transcripts. Exception remains
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Missing the  [Redacted] Business transcript borrower and third party verification for co-borrower. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Please provide current paystub and VVOE for the Co-Borrower. Please provide most  [Redacted] business tax transcripts. Exception remains
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
2 [2] Appraisal Reconciliation - Missing secondary valuation product required for securitization. Lender approved exception to allow only one appraisal report vs program requirement for two full appraisal reports for loan amounts over $XXXX. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 2 [2] Federal Compliance - General Ability To Repay Provision Income and Assets - S-Corp: Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. (XXXX/S-Corp)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[1] Federal Compliance - NonQM ATR: Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied.
[1] Federal Compliance - TRID Settlement Service Provider Status: TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers.
Federal Compliance - General Ability To Repay Provision Income and Assets - S-Corp: Please provide most recent tax transcripts, most recent signed and dated 1040’s, Audited YTD P&L, most recent Business tax transcripts or most recent signed and dated 1120’s for Borrower.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: Revised LE issued XX/XX/XXXX, does not reflect a Confirm receipt date, therefore has a presumed receipt date of XX/XX/XXXX. Initial Closing Disclosure was issued XX/XX/XXXX.
Federal Compliance - NonQM ATR: Fail due to Please provide current paystub and VVOE for the Co-Borrower. Please provide most recent tax transcripts, most recent signed and dated 1040’s, Audited YTD P&L, most recent Business tax transcripts or most recent signed and dated 1120’s for Borrower.
Federal Compliance - TRID Settlement Service Provider Status: Missing evidence of the borrower's receipt of the List of Service Providers.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Borrower income documentation for  [Redacted] reflected on his v W-2 as third party documentation.  Exception remains open for omission of third party documentation for YTD.  Lender considerations of the Credit Score, no lates, LTV, and both borrowers managing the business for the last 9 years served as additional compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the  [Redacted] tax extension however missing the  [Redacted] Business tax transcripts as required for S-corp income. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the  [Redacted] 1120. Missing the  [Redacted] business tax transcript. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the  [Redacted] tax extension however missing the  [Redacted] Business tax transcripts as required for S-corp income. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - General Ability To Repay Provision Income and Assets - S-Corp: Assignee Liability:   Violations can result in regular TILA damages (actual damages, statutory damages of up to $4,000, costs, and attorney's fees) and enhanced damages (an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates that the failure to comply is not material).  A private right of action may be brought before the end of the three-year period beginning on the date of the occurrence of the violation. However, when a creditor, assignee, or other holder or anyone acting on their behalf initiates a judicial or non-judicial foreclosure, or any other action to collect the debt, a consumer may assert a violation as a matter of defense by recoupment or set-off without regard to a time limit. The amount of recoupment or set-off shall equal the amount to which the consumer would be entitled as regular and/or enhanced damages for a valid claim brought in an original action, plus the costs to the consumer of the action. If judgment is rendered after the expiration of the three-year period, the amount of recoupment or set-off shall not exceed three years of finance charges and fees.  An action to enforce a violation may also be brought by the appropriate state AGs.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Settlement Service Provider Status: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Both Borrowers have been managing XXXXfor the past 9 years

CDA supports the value

Credit score is 703, 23 points > program requirement of 680

LTV is 45%, 20% < program maximum of 65%

No late payments on credit report and low balance to limit ratios
  - C C C C C B B B B B B B B B B B B B B B B B B B B
XXXX 22NQM2 - 37 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.76060% or Final Disclosure APR of 6.80200% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX)
Federal Compliance - Federal HPML 2014 Compliant: APR on subject loan of 6.76060% or Final Disclosure APR of 6.80200% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%. Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $4,416.00, while closing CD seller's fees total $2,117.50.  All fees have been included in the Final CD for testing.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 41 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.12450% or Final Disclosure APR of 7.18300% is in excess of allowable threshold of APOR 4.45% + 2.5%, or 6.95000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: Seller fees of property tax listed on Borrower's CD. All other seller's fees were included in the Final CD for testing. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 35 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - AUS Findings: All conditions were not met
[2] Credit Documentation - Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided
Please provide current residence VOR supporting maximum 1x30x12. Please provide CPA letter stating that the withdrawal of funds from the Borrower’s Business account will not have a negative impact on the business. Please provide 03/2017 bank statement from Banking Institution used for income to qualify. Please provide HO-6 Hazard policy supporting $78.92 monthly escrowed amount.
Please provide current residence VOR supporting maximum 1x30x12.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the CPA letter and  [Redacted] bank statement. However the VOR provided is missing the history from  [Redacted] to  [Redacted] Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): VOR provided reflects 0x30 from  [Redacted]. Missing history from  [Redacted]. Exception remains.
1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.74280% or Final Disclosure APR of 7.77800% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.   REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans. Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability. XX% DTI on this Alt documentation loan < 26.14XXX% guideline max - XX% below program guideline maximum

14.02 months reserves > 3 months guideline minimum

Borrower has perfect credit history with never late payment and mainly low balance to limit ratios on all but 2 accounts

Borrower has self employed as owner of XXXX for the past 15 years.

Credit score is 711, 11 points > program requirement of 700

LTV is 85%, 5% < program maximum of 90%
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 22 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Eligibility - Public Record Issue:: Credit Report: Original // Public Record Type: Collections / Balance: XXX, Credit Report: Original // Public Record Type: Collections / Balance: XXX Do not meet guides for 5.5.3 item C as cannot be included into ratios as would exceed  maximum of 50%. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception. 1       2 [2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:AdditionXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.74710% or Final Disclosure APR of 7.77400% is in excess of allowable threshold of APOR 4.45% + 2.5%, or 6.95000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: The borrower's Final CD did not disclosed the seller paid fees of $50,508.25; all fees were added to the Final CD for testing. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Missing proof of receipt for the CDA dated  [Redacted] Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 21 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - AUS Findings: All conditions were not met
[2] Miscellaneous - Credit Exception:
[2] Mortgage / Program Eligibility - Guideline Requirement: Loan to value discrepancy.: Calculated loan to value percentage of 70.00000% exceeds Guideline loan to value percentage of 60.00000%.
Please provide current mortgage statement for Borrower's subject property supporting total monthly mortgage payment includes escrow. Subject to re-qualification. Please provide LOE for Foreclosures reflected on credit report and Fraud Report.
Please provide current mortgage statement for Borrower's subject property supporting total monthly mortgage payment includes escrow. Subject to re-qualification.
Lender approved exception to allow LTV is 70% vs program maximum of 60% (2nd appraisal came in at $XXXX, 1st appraisal is $XXXX)
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller does not have mortgage statement please provide evidence of taxes and insurance payment amount and if included in the amount of 2583.00 as reported on the credit report. Subject to recalculation.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided initial monthly payment breakdown for second home subject loan- missing mortgage statement for PITIA on primary. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller does not have mortgage statement please provide evidence of taxes and insurance payment amount and if included in the amount of 2583.00 as reported on the credit report. Subject to recalculation.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided initial monthly payment breakdown for second home subject loan- missing mortgage statement for PITIA on primary. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
1       1 [1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $426,814.48, while closing CD seller's fees total $0.00. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.   DTI is 40%, 10% < program maximum of 50%

Reserves are 14.8 months, 8.8 months > program requirement of 6 months

Self-employed six years, owners of XXXX
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 45 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:SecondaXX/XX/XXXX)
[2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - Self-Employed Tax Return Recency - ATR: Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXX/XXX/Schedule K-1 less than 25 Percent)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7505)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - Self-Employed Tax Return Recency - ATR: Seller provided the 2017 tax return extension no 2017 1040 exception is for tax return recency.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: The final CD did not provide a tolerance cure for the increase to the Appraisal Desk Reieiw fee.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX >= initial CD received dateXX/XX/XXXX
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: The CD issued onXX/XX/XXXXdded the Appraisal Desk Review Fee of $150.00 without a valid change of circumstance.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: The borrower's CD did not disclose the seller paid fees.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the appraisal transfer from  [Redacted] to  [Redacted]. Missing proof of appraisal provided to the borrower at least 3 business days prior to closing. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the appraisal transfer from  [Redacted] to  [Redacted]. Missing proof of appraisal provided to the borrower at least 3 business days prior to closing. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): Fee not disclosed on the initial LE and required per loan program. No valid COC provided. Please provide a refund, PCCD, LOX and proof of delivery. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 32 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception with compensating factor. 1       1 [1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 6.59100% or Final Disclosure APR of 6.61100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.59100% or Final Disclosure APR of 6.61100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Appraisal datedXX/XX/XXXX with no damage dated after declared disaster dateXX/XX/XXXX.   - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 17 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application.
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 6.97290% is in excess of allowable threshold of Prime Mortgage Market Rate 3.87000% + 1.75%, or 5.62000%.  Compliant SubPrime Loan.
[2] Federal Compliance - TRID Invalid Section B Combinations: TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.74650% or Final Disclosure APR of 6.75100% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.
State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): Cleared: Application date XX/XX/XXXXCounseling Disclosure dated XX/XX/XXXX and signed XX/XX/XXXX.
Federal Compliance - TRID Invalid Section B Combinations: The Final CD disclosed the Tax Service fee was paid to the Lender under section B.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Invalid Section B Combinations: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 48 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06390% or Final Disclosure APR of 7.12100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $14,513.95.  Seller paid fees not listed on the borrowers Final CD, Estoppel fee of $170, Endorsement fees of $174.95, Lender's Title of $1,052.50, Buyer Realtor Commission of $6,897, Seller Realtor Commission of $5,747.50, Seller Rep fee of $275 and Owner's Title of $197. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 4 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Rate/Term N/A 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender exception REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - TRID Final Closing Disclosure Property Value: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,218.00 exceeds tolerance of $150.00 plus 10% or $165.00.  Insufficient or no cure was provided to the borrower. (0)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $650.00 exceeds tolerance of $500.00.  Insufficient or no cure was provided to the borrower. (7506)
Federal Compliance - TRID Final Closing Disclosure Property Value: Disclosure reflects an appraised value of $1,500,000; appraisal reflects a value of $1,432,000.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: Final disclosure reflects an increase in the 10% tolerance fees, total expense is $1,218.00, exceeds tolerance limit of $165.00 by $1,053.00, missing proof of valid change disclosed to the borrower, no cure provided at closing
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Final disclosure reflects a total expense for the appraisal Fee of $650.00, previously disclosed as $500.00, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,shipping and refund.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC for the  [Redacted] LE which is not valid due to settlement fee increases however the settlement fee was not disclosed on the LE, Lenders title was not disclosed on LE, recording service fee was not disclosed on LE and the recording fee increased by 22.00. Please refund the 1,053.00. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,shipping and refund.
REVIEWER - GENERAL COMMENT (2018-10-29): Please provide a valid reason for the increase in the appraisal fee from 500.00 to 650.00 as fee should have been known at time of origination and no reason for increase was provided. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC for the  [Redacted] LE with no valid reason for the appraisal fee increase. Please provide refund of 150.00. Exception remains.
Federal Compliance - TRID Final Closing Disclosure Property Value: TILA - 1yr affirmative

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
3.76 months. .76 months > program requirement of 3 months

49.232% LTV < 70.00%guideline max

791 representative FICO score > 640  guideline minimum - 115 points above guideline minimum

Borrower has been a General Manager forXXXXfor the past 5 years

Borrowers both have perfect credit histories with no late payments as well as a perfect mortgage history going back full 30 months
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XXXX 22NQM2 - 33 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Fee Acronyms or Abbreviations: TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Dues.  Fee Amount of $577.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7543)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Estoppel Fee.  Fee Amount of $300.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75142)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.33020% or Final Disclosure APR of 7.33100% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure Assumption: Note on transaction is a Fixed an does not have assumption verbiage; CD reflects "Will allow" assumption.
Federal Compliance - TRID Final Closing Disclosure Fee Acronyms or Abbreviations: Disclosure reflects a CDA fee; should reflect Collateral Desktop Analysis.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for various 0% tolerance violations $877 was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: HOA Dues disclosed as $0 on the LE datedXX/XX/XXXXbut disclosed as $577 on the Final Closing Disclosure.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: HOA Estoppel fee disclosed as $0 on the LE datedXX/XX/XXXXbut disclosed as $300 on the Final Closing Disclosure.
Federal Compliance - Federal HPML 2014 Compliant: Disclosure reflects APR as 7.3XX%; calculated is 7.3302%; threshold is 6.14%.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Fee Acronyms or Abbreviations: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 42 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Issue:  Insufficient tradelines per credit guidelines
[2] Credit Eligibility - Guideline Issue: Bankruptcy timeline outside of credit guidelines
2 trade lines less than 12 month old < 2 minimum requirement per guidelines established 12 months or longer.  Lender Exception has been approved.
CH 7 bankruptcy discharged only 1.5 years prior to close  vs 2 years minimum requirement per guidelines. Lender Exception was approved.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
1       1         156 months reserves > 9 months guideline minimum - borrowers have verified reserves of $XXXX.

XX% DTI on this Bank Statement documentation loan < 50% guideline max - XX% below program guideline maximum

Borrower has employment stability for 20 years as a self-employed contractor.

Rate and term refinance.
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XXXX 22NQM2 - 38 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Guideline Issue - Ineligible property type.: Single Family Detached Lender approved exception: property consists of XX acres vs. program maximum of 15 REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] elected to waive the requirement based on Compensating factors. 1       2 [2] Federal Compliance - TRID Esign Consent Agreement Status: ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.43510% or Final Disclosure APR of 7.57300% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Esign Consent Agreement Status: Missing the e-consent
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX > = initial CD received dateXX/XX/XXXX.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: The borrower's CD did not disclose the seller paid fees.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Guideline variance approved by lender at time of origination.
LTV is 80%, 10% < program maximum of 90%

Guideline variance approved by lender at time of origination; Borrower is self-employed 5 years, owner of XXXX; no public records

Guideline variance approved by lender at time of origination; DTI is XX%, 27.943% < program maximum of 50%
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XXXX 22NQM2 - 7 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Refinance Cash-out - Other Non QM 2 2 [2] Miscellaneous - Credit Exception: Permit escrow holdback for completion of 3rd bathroom and drywall. Escrow holdback in the amount of 15,750*175% total 27,562.50 to be held in escrow until completion of 3rd bathroom and drywall and 442 confirming completion is provided. Correspondent requests 60 days from time of closing for proof of completion of bathroom and to provide 442. Lender approved. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $3,877.50 exceeds tolerance of $3,135.00.  Insufficient or no cure was provided to the borrower. (8304)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of $189.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7588)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $900.00 exceeds tolerance of $550.00.  Insufficient or no cure was provided to the borrower. (7506)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Valuation receivedXX/XX/XXXX < valuation report dateXX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: The final CD did not provide a tolerance cure for the increase to the Transfer Tax and the Loan Discount Points.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Final CD disclosed  tax stamps totaling $3,877.50 which is 742.50 over the initial disclosed transfer tax fee of $3,135.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: The CD disclosed the Attorney Review Fee in Section B.  The LE disclosed the Attorney Review Fee in Section H.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: The CD issued onXX/XX/XXXXncreased the Appraisal Fee without a valid change of circumstance.  A tolerance cure was provided for this increase.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
24.63  months reserves > 3 months guideline minimum

XX%DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

Borrower has been self employed as Owner of XXXX for the past 3 years and has been in the same line od work for the past 25 years.

LTV 54.23077%, 10.769%< program maximum of 65%
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XXXX 22NQM2 - 47 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
[2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of XXX.
Per SP A5 guidelines, a minimum FICO of 640 is required for this transaction. Lender approved exception in file for a XXX FICO. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception with compensating factor.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure AIR Table Minimum Interest Rate: TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Minimum Interest Rate that does not match the actual minimum interest rate for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $5,486.40 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/463668)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/463667)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/463666)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/463665)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/463665)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowners Insurance Included In Escrow: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether Homeowners Insurance is included in escrow. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Interest Rate Max Rate In Year: TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing rate disclosed the first date when the interest rate can reach the maximum that does not match the actual first date for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $1,754.04 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Payment Max Amount: TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing payment disclosed the maximum possible amount of principal and interest that does not match the actual maximum amount for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Payment Max Amount In Year: TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing payment disclosed the earliest date of the maximum possible amount of principal and interest that does not match the actual earliest date for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a periodic principal and interest payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/463668)
[2] Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a periodic principal and interest payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/463667)
[2] Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/463666)
[2] Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a maximum periodic principal and interest payment for payment stream 4 that does not match the actual maximum payment for the loan. (ProjSeq:4/463668)
[2] Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a maximum periodic principal and interest payment for payment stream 3 that does not match the actual maximum payment for the loan. (ProjSeq:3/463667)
[2] Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a maximum periodic principal and interest payment for payment stream 2 that does not match the actual maximum payment for the loan. (ProjSeq:2/463666)
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $750.00 exceeds tolerance of $550.00.  Insufficient or no cure was provided to the borrower. (7506)
[1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 6.85200% or Final Disclosure APR of 6.86700% is in excess of allowable threshold of APOR 4.XX% + 1.5%, or 5.88000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.629XX% or Final Disclosure APR of 6.86700% is in excess of allowable threshold of APOR 4.XX% + 1.5%, or 5.88000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure AIR Table Minimum Interest Rate: Revised note CD AIR min interest rate 4.5 < Calculated CD air min interest rate 5.875.
Federal Compliance - TRID Final Closing Disclosure Assumption: The CD disclosed that the loan is not assumable; however, the loan disclosed that  the loan is assumable.
Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: Final disclosure indicates that the escrow account will contain taxes only in the amount of $457.20, however section G reflects 4 month of homeowners insurance of $146.17 was collected for the initial escrow deposit. This error is causing issues with all 4 projected payment tables and the total cost for escrow and non escrowed items over the 1st year.
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Page 1 of the CD disclosed Homeowner's Insurance not included in escrow.  Page 2, Section G disclosed insurance included in escrow.
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Page 1 of the CD disclosed Homeowner's Insurance not included in escrow.  Page 2, Section G disclosed insurance included in escrow.
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Final disclosure indicates that the escrow account will contain taxes only in the amount of $457.20, however section G reflects 4 month of homeowners insurance of $146.17 was collected for the initial escrow deposit. This error is causing issues with all 4 projected payment tables and the total cost for escrow and non escrowed items over the 1st year.
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Final disclosure indicates that the escrow account will contain taxes only in the amount of $457.20, however section G reflects 4 month of homeowners insurance of $146.17 was collected for the initial escrow deposit. This error is causing issues with all 4 projected payment tables and the total cost for escrow and non escrowed items over the 1st year.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: Page 1 of the CD disclosed Homeowner's Insurance not included in escrow or in the payment.  Page 2, Section G disclosed insurance included in escrow.
Federal Compliance - TRID Final Closing Disclosure Homeowners Insurance Included In Escrow: Page 1 of the Final CD reflect that hazard insurance is not escrowed. Page 2 reflects hazard insurance reserves collected at closing.
Federal Compliance - TRID Final Closing Disclosure Interest Rate Max Rate In Year: Revised note CD loan terms max rate term 8 M calculated max rate term 10.
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: Page 1 of the Final CD reflect that hazard insurance is not escrowed. Page 2 reflects hazard insurance reserves collected at closing.
Federal Compliance - TRID Final Closing Disclosure Payment Max Amount: Revised note CD Loan term max payment amount 4,233 < calculated max payment amount 4,201.
Federal Compliance - TRID Final Closing Disclosure Payment Max Amount In Year: Revised note CD loan term max payment term 8< calculated loan term max payment term 10.
Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: Revised note CD projected P&I min payment amount 2,822.00 < calculated amount 2,494.00.
Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: Revised note CD projected P&I min payment amount 2,822.00 < calculated amount 2,494.00.
Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: Revised note CD projected P&I min payment 2,494.00 < calculated amount 2,833.
Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: Revised note CD projected P&I max amount 4,233.00 > calculated amount 4,201.00
Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: Revised note CD projected P&I max amount 4,233.00 > calculated amount 3,919.00
Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: Revised note CD projected P&I max amount 4,233.00 > calculated amount 3,365.00
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: Lender utilized an Index Value of 2.77% which is out of Clarity's lookback. Clarity reflects a maximum Index Value of 2.76875%.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: The final CD did not provide a tolerance cure for the increase to the Appraisal Balance fee.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Final disclosure reflects a total expense for the appraisal Fee of $750.00, previously disclosed as $550.00, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD and LOX
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX, NORTC and shipping label
REVIEWER - GENERAL COMMENT (2018-10-29): PCCD provided a payment of 3436.83 does not match calculated amount of 3436.84. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): CD projected total min payment amount 3290.67 > calculated amount 3436.84. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LOX, PCCD and proof of delivery.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Final Closing Disclosure AIR Table Minimum Interest Rate: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowners Insurance Included In Escrow: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Interest Rate Max Rate In Year: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Payment Max Amount: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Payment Max Amount In Year: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this Bank Statement documentation loan < 50.00% guideline max - XX% below program guideline maximum

55.376% LTV < 70.00% guideline max

Appraisal report datedXX/XX/XXXX with no damage after declared disasterXX/XX/XXXX.

Borrower has employment stability for 28 years as a self-employed physician.

Subject mortgage history is 0x30x48.
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XXXX 22NQM2 - 59 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Home Loan Toolkit Provided: Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant.
[2] Federal Compliance - TRID Seller Closing Disclosure: TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.31360% or Final Disclosure APR of 7.35500% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Settlement Service Provider Status: TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers.
Federal Compliance - TRID Home Loan Toolkit Provided: Missing evidence of the borrower's receipt of the Home Loan Toolkit.
Federal Compliance - TRID Seller Closing Disclosure: Missing evidence of the Seller Closing Disclosure.
Federal Compliance - TRID Settlement Service Provider Status: Missing evidence of the borrower's receipt of the List of Service Providers.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Home Loan Toolkit Provided: TILA - 1yr affirmative.

Federal Compliance - TRID Seller Closing Disclosure: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Settlement Service Provider Status: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 44 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TIL Higher Priced Mortgage Loan Safe Harbor: TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Delivery Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (75188)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Delivery Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75188)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.42480% or Final Disclosure APR of 6.44600% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: The seller provided verification the appraisal was sent to the borrower onXX/XX/XXXX. The Appraisal has a report date of XX/XX/XXXX
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: The seller provided sufficient or excess cure was provided to the borrower
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Final disclosure reflects a total expense for the Title- E rcording Fee of $9.00, not previously disclosed, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.
Federal Compliance - Federal HPML 2014 Compliant: XXXX purchase HPML compliant loans
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $36,300.00, while closing CD seller's fees total $24,505.00
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): The seller provided  Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a COC for  [Redacted] and  [Redacted] rate lock no valid COC provide for fee addition. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] purchase HPML compliant loans
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 60 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Issue:  Insufficient tradelines per credit guidelines Lender approved exception. Borrower has 6 closed and 2 active trade lines. Two are opened < twelve months ago (each opened X/XXXX) vs. program requirement of at least two trade lines that have been active within the past 12 months. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.50100% or Final Disclosure APR of 6.52200% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller CD seller paid fees > final CD seller paid fees of 0. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML complaint loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Borrower is self-employed as owner of XXXX for the past 16 years.  No public records.

Credit score is 795, 95 points > program requirement of 700

DTI is XX%, 24.06%  < program maximum of XX%

LTV is 54.545%, 35.455% < program maximum of 90%
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XXXX 22NQM2 - 16 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Maximum DTI is 50% per SP A5 guidelines. Lender approved exception in provided for DTI of XX%.  Comp factors:  LTV, reserves, FICO, lowering monthly payment %XXX/mo. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] State Compliance - North Carolina Rate Spread Threshold Test Compliant: North Carolina Rate Spread Home Loan: APR on subject loan of 6.56870% or Final Disclosure APR of 6.61600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Rate Spread Home Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.56870% or Final Disclosure APR of 6.61600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Confirmed borrower receipt and confirmation onXX/XX/XXXXno earlier version of the appraisal was located in the file. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - North Carolina Rate Spread Threshold Test Compliant: There is no Assignee Liability. However, note that a loan that violates the provisions on rate spread home loans will be declared usurious. Thus, the terms of loans held by an assignee could be affected in certain circumstances

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
6.44 months reserves > 3 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower has employment stability for 34 years as the owners of their own business.

The borrower is consolidating 3 mortgages on subject resulting in an overall monthly housing expense savings of %XXX/month.

The borrower's Credit Score of 673 is 33 point > than the program requirement of 640.

The LTV is 54.394% which is 15.606% < the program maximum of 70%.
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XXXX 22NQM2 - 77 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive with compensating factors. 2 [2] General Appraisal Requirements - The appraisal revealed property damage. Appraisal completed 'as is' but identifies $XXXX in deferred maintenance. Borrower LOE stating they will address after closing. Allow to close with deferred items: railings around porch, exterior paint, vinyl flooring for unit XXX, clean and paint interior, repair broken window, repair kitchen cabinet in unit XXX. (Note Borrower has $XXXX after closing that can be utilized). Lender approved exception provided in file. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 2 [2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:AdditionXX/XX/XXXX) Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: Evidence desk review provided to borrower is not in file. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided appraisal receipt dated [Redacted] however exception is for the receipt of the desk review dated  [Redacted] Exception remains.
  Appraisal report datedXX/XX/XXXX with no damage dated after declared disaster dateXX/XX/XXXX.

Credit score is 809, 149 points > program requirement of 660

DTI is 11.02073%, 38.97927% < program maximum of 50%

Guideline variance approved by lender at time of origination.
15 months of reserves ($43,000), 12 months > program requirement of 3 months

Guideline variance approved by lender at time of origination.
LTV is 65%, XX% < program maximum of 80%
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XXXX 22NQM2 - 56 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender exception on pg. 1023 for missing CPA letters for use of business funds, required per SP A5 guidelines. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $75,720.27, while closing CD seller's fees total $0.00 REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
XX% DTI on this ALT documentation loan < 26.02661% guideline max - XX% below program guideline maximum

68.96545% LTV, 21.035% < program maximum of 90%

Borrower has been self employed 18 years, owner of XXXX

Credit score 713, 13 points > program requirement of 700

Mortgage is 0x30x12
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XXXX 22NQM2 - 40 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Anti-Steering Disclosure not provided to borrower REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
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XXXX 22NQM2 - 63 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] Credit Eligibility - Public Record Issue:: Credit Report: Original // Public Record Type: Charge-offs / Balance: XXXX Per guidelines, all undisputed collections or charge off's must be paid regardless of reserves or payments being included in debt to income ratio. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Lender is including payment in debt ratio however guides page 46 item 5.5.3 requires all non medical charge offs to be paid in full prior to or at funding. Exception remains.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $1,400.00 exceeds tolerance of $550.00.  Insufficient or no cure was provided to the borrower. (7506)
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: The final CD did not provide a tolerance cure for the increase to the Appraisal Fee.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX >= initial CD received dateXX/XX/XXXX.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: The LE issued onXX/XX/XXXXncreased the Appraisal Fee without a valid change of circumstance.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the PCCD, LOX and UPS. Missing copy of refund check. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the PCCD, LOX and UPS. Missing copy of refund check. Exception remains.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

63.235% LTV < 75% guideline max

Borrower has been self employed as Owner of XXXX for the past 4.3 years with 21 years in the same line of work

Credit Score 649, 9 points > program requirement of 640
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XXXX 22NQM2 - 67 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of 700. Lender approved REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - High Cost Indicator Flag: Loan does not exceed any high cost thresholds, however, documentation indicating loan was originated as a high cost loan found in file.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.22220% or Final Disclosure APR of 8.25600% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - High Cost Indicator Flag: The Mavent report reflects "Fail" for TILA/RESPA, High Cost and State Rules as well as "Alert" for Higher Priced and HMDA.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: The Seller's CD disclosed an Attorney fee of $750 and a wire fee of $20, paid by Seller, not reflected on the Final CD.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability. Borrower credit does not reflect any public records.

Borrower has been self employed for 2 years, owning a gas station; borrower in same line of work for previous 5 years.

The borrower has reserves totaling 10.15 months which is 7.15  months more than the program requirement of 3 months.

The borrower's DTI is 5% which is 45% less than the program maximum of 50%.
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XXXX 22NQM2 - 55 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] State Compliance - (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold): Connecticut Non-Prime Home Loan: APR on subject loan of 6.94450% or Final Disclosure APR of 6.96200% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.94450% or Final Disclosure APR of 6.96200% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 52 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.38360% or Final Disclosure APR of 6.42600% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.   REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans. Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 53 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Partial Payments: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Partial Payments. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.13610% or Final Disclosure APR of 6.19800% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure Partial Payments: The final CD did not check a box in the Partial Payments section of the Loan Disclosures on page 4. REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX and shipping lable.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Final Closing Disclosure Partial Payments: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 75 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Home Improvement Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow Borrower has been living in the subject property for the past 5 years. Borrower's mother deeded the property solely to our borrower 1 month ago. Exception is for ownership < three months vs program requirement that at least one of the Borrowers must have been an owner of the Subject Property throughout the three-month period preceding the Date of the Loan. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.80370% or Final Disclosure APR of 6.80700% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.   REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans. Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability. Borrower is self-employed as owner of XXXX for the past 27 years

Credit Score is 708, 28 points > program requirement of 680

DTI is XX%, 14.95286 < program maximum of 50%

LTV is 65%, XX% < program maximum of 80%

No late payments on credit and no public records

Reserves are 74.27 months, 71.27 months > program requirement of 3 months

Subject Property is owned free and clear
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XXXX 22NQM2 - 49 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 1       1       2 [2] Federal Compliance - TRID Loan Estimate Timing: TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (InitiXX/XX/XXXX)
[1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 6.67960% or Final Disclosure APR of 6.68300% is in excess of allowable threshold of APOR 4.53% + 1.5%, or 6.03000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.67960% or Final Disclosure APR of 6.68300% is in excess of allowable threshold of APOR 4.53% + 1.5%, or 6.03000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $495.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)
Federal Compliance - TRID Loan Estimate Timing: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (InitiXX/XX/XXXX)
State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): APR on subject loan of 6.67960% or Final Disclosure APR of 6.68300% is in excess of allowable threshold of APOR 4.53% + 1.5%, or 6.03000%. Compliant Higher Priced Loan.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: $175.00 cure provided for this overage, appraisal fee increased without VCC.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a attestation letter stating the application date isXX/XX/XXXX however hard stamped application date on the initial application ofXX/XX/XXXX is reflected per page 36.Exception remains
BUYER - GENERAL COMMENT (2018-10-29): uploaded attestation
BUYER - GENERAL COMMENT (2018-10-29): The application is datedXX/XX/XXXXIf you zoom in you can tell that its a 9
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided theXX/XX/XXXX receipt datedXX/XX/XXXX not within 3 days of application - application plus 3 daysXX/XX/XXXX. Exception remains.
REVIEWER - WAIVED COMMENT (2019-06-26): Client elects to waive.
REVIEWER - WAIVED COMMENT (2018-10-29): XXXX mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): XXXX mortgage purchases HPML compliant loans.
Federal Compliance - TRID Loan Estimate Timing: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 70 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: No assumption per final CD, yet assumption verbiage is present on Note. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 66 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - North Carolina Rate Spread Threshold Test Compliant: North Carolina Rate Spread Home Loan: APR on subject loan of 6.98280% or Final Disclosure APR of 6.99400% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Rate Spread Home Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.98280% or Final Disclosure APR of 6.99400% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
State Compliance - North Carolina Rate Spread Threshold Test Compliant: Confirmed.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: CD missing the number of months collected for Hazard Insurance
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Borrower's CD did not reflect all seller charges. - commissions, transfer tax were added to the Borrower's Final CD for testing.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
State Compliance - North Carolina Rate Spread Threshold Test Compliant: There is no Assignee Liability. However, note that a loan that violates the provisions on rate spread home loans will be declared usurious. Thus, the terms of loans held by an assignee could be affected in certain circumstances

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 46 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Esign Consent Agreement Timing: ESIGN Act - Loan Estimate provided on XX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $650.00 exceeds tolerance of $580.00.  Insufficient or no cure was provided to the borrower. (7506)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of $15.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7394)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7367)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee.  Fee Amount of $1,100.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7355)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $90.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (73133)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.64060% or Final Disclosure APR of 6.64100% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Per email in file, the appraisal was emailed to the Borrower on XX/XX/XXXX, however the appraisal reflects a report date of XX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Cure for (Tax Service Fee (Life of Loan)) of ($90.00), (Administration Fee) of ($1,100.00), (Collateral Desktop Analysis) of ($150.00), (Flood Certification (Life of Loan)) of ($15.00) and (Appraisal Fee) of ($70.00) was not provided.
Federal Compliance - TRID Loan Estimate Esign Consent Agreement Timing: eDisclosure Agreement in file reflects an accepted date of XX/XX/XXXX, however a Loan Estimate was electronically signed on XX/XX/XXXX.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee disclosed as ($580) on (LE dated XX/XX/XXXX), but disclosed as ($650.00) on Final Closing Disclosure.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Initial Loan Estimate.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Initial Loan Estimate.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Initial Loan Estimate.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee was not disclosed on Initial Loan Estimate.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 69 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception with compensating factor.. 1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:SecondaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $2,200.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 6.47800% or Final Disclosure APR of 6.48800% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.47800% or Final Disclosure APR of 6.48800% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Appraisal receivedXX/XX/XXXX < valuation report dateXX/XX/XXXX.
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Appraisal receivedXX/XX/XXXX < valuation report dateXX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: Disclosure reflects Non-Escrowed Property Costs over Year 1 of $2,200.00; HOA Dues per the Appraisal are $280/mo or $3360/year.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $43,416.75, while closing CD seller's fees total $14,249.75.
BUYER - WAIVED COMMENT (2018-10-29): please waive
BUYER - WAIVED COMMENT (2018-10-29): please waive
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the LOX and PCCD
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD TRACKING and ESIGN borrower authorized electronic delivery
BUYER - GENERAL COMMENT (2018-10-29): Response: Please see PCCD, LOX
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML complaint loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Appraisal effective dateXX/XX/XXXX with no damaged dated after the declared disaster dateXX/XX/XXXX.   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 64 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:SecondaXX/XX/XXXX)
[2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.37710% or Final Disclosure APR of 7.39700% is in excess of allowable threshold of APOR 4.5XX% + 2.5%, or 7.08000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Seller provided letter from borrower stating appraisal receipt onXX/XX/XXXX prior to report dateXX/XX/XXXX.
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: N/A, the initial appraisal was completed onXX/XX/XXXXnd provided to the borrower onXX/XX/XXXXthe revised appraisal was also provided to the borrowers.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided letter from borrower stating receipt date  [Redacted] prior to report date  [Redacted]
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 51 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Negative Amortization: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains Negative Amortization. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Optional Fees: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed Optional fees in a section other than Section H. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $850.00 exceeds tolerance of $475.00.  Insufficient or no cure was provided to the borrower. (7506)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Negative Amortization: Closing Disclosure incorrectly reflects that Negative Amortization is allowed, however, the loan is fully amortizing.
Federal Compliance - TRID Final Closing Disclosure Optional Fees: Seller Closing Disclosure reflects (Title - Owner's Title Insurance (Optional)) in Section C.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for the tolerance violation for the Appraisal Fee of $375.00 was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: The Appraisal Fee disclosed as $475 on the LE dated XX/XX/XXXX was increased to $850 in a valid Change of Circumstance identified onXX/XX/XXXXhowever, the disclosure was not made within 3 days of the change date XX/XX/XXXXand the charge requires a cure of $375.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $72,832.30, while closing CD seller's fees total $52,920.00.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD and LOX
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the corrected PCCD dated  [Redacted] however missing the LOX. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a PCCD however no changes to negative amortization question on page 4 were made or addressed on the LOX. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided PCCD, refund 375.00, LOX and shipping label.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided PCCD, refund 375.00, LOX and shipping label.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure Negative Amortization: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Optional Fees: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 72 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing: FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing: There is no evidence of date Flood Disclosure was received by the borrower.
Federal Compliance - TRID Final Closing Disclosure Assumption: Final CD shows no assumption on loan, however assumption verbiage is present on Note.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: All seller paid fees captured from Seller CD, none shown on Borrower CD.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing: Liability for violations cannot be transferred to a subsequent purchaser of a loan.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 50 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this with compensating factor.
REVIEWER - RE-OPEN COMMENT (2018-10-29): Incorrectly waived
BUYER - GENERAL COMMENT (2018-10-29): The Appraisal is dated [Redacted] well after the FEMA event. Please downgrade to an EV2 and Waive this condition.
BUYER - WAIVED COMMENT (2018-10-29): The Appraisal is dated [Redacted] well after the FEMA event. Please downgrade to an EV2 and Waive this condition.
1       1         Appraisal datedXX/XX/XXXX with no damaged dated after the declared disaster dateXX/XX/XXXX.   - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 73 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 6.99000% or Final Disclosure APR of 7.03600% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.99000% or Final Disclosure APR of 7.03600% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 58 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.31590% or Final Disclosure APR of 7.33500% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $25,212.64, while closing CD seller's fees total $14,095.00 REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML complaint loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - B B B B B A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 65 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.75850% or Final Disclosure APR of 6.80100% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan.   REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans. Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 14 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] General - Incomplete Document: 1003 Initial - Lender's is incomplete Initial 1003 executed by borrower not provided in file. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception. 1       1             - B B B B B B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 24 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 6.93840% or Final Disclosure APR of 6.97800% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.93840% or Final Disclosure APR of 6.97800% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure Assumption: Disclosure reflects loan "Will Not" allow assumption; note has assumption verbiage.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Disclosure reflects closing date asXX/XX/XXXXmortgage notary date isXX/XX/XXXXState Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Disclosure reflects APR as 6.97XX%; calculated is 6.9384%; threshold is 6.XX%.
Federal Compliance - Federal HPML 2014 Compliant: Disclosure reflects APR as 6.97XX%; calculated is 6.9384%; threshold is 6.XX%.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative

State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Borrower is self-employed for 2.54 years, President of XXXX and in the same line of work for 10 years.

Credit score is 714, 54 points > program requirement of 660

DTI is XX%, 6.1805XX% < program maximum of 50%

Subject mortgage is 0x30 since inception  (9/2016)
  - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 62 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of 660. Lender exception for XXX FICO vs. program requirement of 660 per SP A5 guidelines on page 957. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement with compensating factors. 1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $704.00 exceeds tolerance of $384.00.  Insufficient or no cure was provided to the borrower. (7200)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.22080% or Final Disclosure APR of 7.26700% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $704.00 exceeds tolerance of $384.00.  Insufficient or no cure was provided to the borrower.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.
BUYER - GENERAL COMMENT (2018-10-29): Please see CHECK UPS LABEL
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided PCCD ad LOX, missing the refund and shipping. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a PCCD, LOX, refund and shipping for incorrect borrower  [Redacted] Please provide documents to cure for correct borrower and loan. Exception remains.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.
BUYER - GENERAL COMMENT (2018-10-29): Response: Please see CHECK UPS LABEL
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided PCCD ad LOX, missing the refund and shipping. Exception remains.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided a PCCD, LOX, refund and shipping for incorrect borrower  [Redacted] Please provide documents to cure for correct borrower and loan. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

Borrower has job stability for 4 years as an business owner with XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 29 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - North Carolina Rate Spread Threshold Test Compliant: North Carolina Rate Spread Home Loan: APR on subject loan of 7.00510% or Final Disclosure APR of 7.04600% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Rate Spread Home Loan.
[2] Federal Compliance - RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure: RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $5,320.00 exceeds tolerance of $5,070.00.  Insufficient or no cure was provided to the borrower. (7200)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.00510% or Final Disclosure APR of 7.04600% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien: TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
Federal Compliance - RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure: Signed disclosure is not located.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $5,320.00 exceeds tolerance of $5,070.00.  Missing proof of valid change and no cure was provided to the borrower.
Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien: No seller paid fees.
BUYER - WAIVED COMMENT (2018-10-29): please waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund 250.00. LOX and shipping label
BUYER - GENERAL COMMENT (2018-10-29): Please see CHECK, UPS LABEL, PCCD, LOX
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund 250.00. LOX and shipping label
BUYER - GENERAL COMMENT (2018-10-29): Please see CHECK, UPS LABEL, PCCD, LOX
REVIEWER - GENERAL COMMENT (2018-10-29): [Redacted] CD unable to re-baseline fees as dated prior to  [Redacted] and a LE is required to re-baseline fees. Exception remains.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD and LOX
BUYER - GENERAL COMMENT (2018-10-29): Please see LOX that was uploaded on  [Redacted] which reflects verbiage specific to the LOX as follows "We have also added the seller fees to final closing disclosure as well."
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the corrected PCCD, missing LOX regarding seller paid fees. Exception remains
REVIEWER - GENERAL COMMENT (2018-10-29): Unable to waive as EV3.
State Compliance - North Carolina Rate Spread Threshold Test Compliant: There is no Assignee Liability. However, note that a loan that violates the provisions on rate spread home loans will be declared usurious. Thus, the terms of loans held by an assignee could be affected in certain circumstances

Federal Compliance - RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 81 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - AUS Findings: Down Payment % from Borrower Own Fund.: Calculated Down Payment % of Borrower Own Funds of XX%is less than Guideline Down Payment % of Borrower Own Funds of .
[2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
100% of down payment, FTC and reserves are from a gift vs. program requirement of 5% must be from borrower's own funds. Lender approved exception provided in file. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive with compensating factor.
1       1         Appraisal reportXX/XX/XXXX with no damage dated after the declared disaster dateXX/XX/XXXX.

Borrower has been employed as a banker with XXXX for the past 6.85 years

Credit score is 686, 6 points > program requirement of 680

DTI is XX%, 42.573XX% < program maximum of 50%

LTV is 19.54%, 55.46% < program maximum of 75%

No credit late payments in the past 69 months (since 9/2012)
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 68 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 7.14360% is in excess of allowable threshold of Prime Mortgage Market Rate 3.80000% + 1.75%, or 5.55000%.  Compliant SubPrime Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14360% or Final Disclosure APR of 7.19900% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14360% or Final Disclosure APR of 7.19900% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%. Compliant Higher Priced Mortgage Loan. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 79 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.30340% or Final Disclosure APR of 7.39500% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Final CD shows no assumption on loan, however assumption verbiage is present on Note.
Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: Title fees are listed in Section B; no providers were selected from the SSPL; the fees should have been in section C.
Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: Total seller paid fees on Borrower CD is $15152.75 vs. $91082.20 on Seller CD.  All Seller Paid fees added to the Final CD for testing.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID non-compliant: Fees were not reflected in the correct section of the disclosure.: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 71 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: The Borrower's Final Closing Disclosure did not disclose any fees paid by the Seller. All Seller paid fees were added to the Final CD for testing. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.       - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 74 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for TX Guaranty Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75228)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $2,568.00 exceeds tolerance of $2,532.00.  Insufficient or no cure was provided to the borrower. (7200)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.90810% or Final Disclosure APR of 6.94600% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Final CD shows no assumption, however assumption verbiage present on Note.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Zero Percent Fee Tolerance exceeded for TX Guaranty Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $2,568.00 exceeds tolerance of $2,532.00.  Insufficient or no cure was provided to the borrower.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $20,571.90, while closing CD seller's fees total $19,560.00
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 84 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Esign Consent Agreement Status: ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.
[2] Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower: TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Amount of Cash to Close that does not match the Final value of Cash to Close in the Calculating Cash to Close table. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $180.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7723)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75104)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.48100% or Final Disclosure APR of 6.50400% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Settlement Service Provider Status: TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers.
Federal Compliance - TRID Esign Consent Agreement Status: Missing the e-consent
Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower: The Summaries of Transactions reflects an incorrect figure for Closing Costs Paid at Closing (J); the POC Appraisal fee was not deducted as shown in the Calculating Cash to Close table.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure for various 0% tolerance violations (XXXX$xxx.xx) was not provided.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX >= initial CD received dateXX/XX/XXXX.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee not disclosed on the initial LE datedXX/XX/XXXX.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Fee not disclosed on the initial LE datedXX/XX/XXXX.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller CD contained fees none shown on Borrower CD.
Federal Compliance - TRID Settlement Service Provider Status: Missing the SSLP
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and Shipping label.
BUYER - GENERAL COMMENT (2018-10-29): PC CD, LOE, Check, and shipping label uploaded
REVIEWER - GENERAL COMMENT (2018-10-29): Survey fee not disclosed on initial CD however added on the  [Redacted] CD in the amount of 180.00 please refund,provide the PCCD, LOX and proof of delivery to cure. Exception remains.
BUYER - GENERAL COMMENT (2018-10-29): The revised LE's prev provided showed the points charged - borrower requested change
Loan amount changed which also increase the amount of the charge for discount points.

No refund is required.
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the PCCD, refund, LOX and Shipping label.
REVIEWER - GENERAL COMMENT (2018-10-29): Fee was not disclosed on the initial LE and is a required fee. Please provide a 150.00 refund, PCCD, LOX and proof of delivery to cure. Exception remains.
BUYER - GENERAL COMMENT (2018-10-29): The revised LE's prev provided showed the points charged - borrower requested change
Loan amount changed which also increase the amount of the charge for discount points.

No refund is required.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Settlement Service Provider Status: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 80 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.80370% or Final Disclosure APR of 6.81500% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX)
Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: Seller Paid fees in the Seller's CD totaled $15,688.50, while they totaled $21,888.50 in the Borrower's Final CD, a difference of $6,200.  The primary cause of the difference was due to Realtor Commissions listed in the CD (+$2900) and the application of Seller paid fees on p. 2 of the Final CD. ($3250)The Seller CD included a $100 Doc Prep fee reflected in the borrower's CD as $150; fee difference of $50 brings the total to $6200. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 26 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Other N/A 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Minimum Loan Amount discrepancy.: Note loan amount of $XXXX is less than Guideline minimum loan amount of $75,000.00. Lender provided a guideline exception for minimum loan amount of $75,000.00 not met. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors. 1       1         376 months reserves 373 months > guideline minimum of 3 months.

Borrower has job stability for 27.54 years asXXXX.

DTI XX%, 4.61961% < 5 program maximum of 50%

Experienced investor, Property owned free and clear

Perfect mortgage history on credit report with no late payments
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 31 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Other N/A 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Minimum Loan Amount discrepancy.: Note loan amount of $XXXX is less than Guideline minimum loan amount of $75,000.00. Minimum loan amount per guidelines is 75,000. Loan amount is $XXXX. Lender Exception has been approved for min loan amount of $XXXX. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] State Compliance - Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed): Maryland Mortgage Lending Regulations:  Net Tangible Benefit Worksheet not signed by borrower.
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Original appraisal completed onXX/XX/XXXXnd delivered onXX/XX/XXXX Appraisal updated onXX/XX/XXXXState Compliance - Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed): There is no evidence of signature on Net Tangible Benefit Worksheet. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
State Compliance - Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed): Assignee liability is unclear. XX% DTI on this full documentation loan < 50.00% guideline max - XX% below program guideline maximum

388.XX months reserves > 3 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower has job stability for 29 years asXXXX.

Perfect mortgage history on credit report with no late payments and low balance to limit ratios.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 86 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.54190% or Final Disclosure APR of 7.61800% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan. Federal Compliance - Federal HPML 2014 Compliant: Disclosure reflects APR as 7.61XX%; calculated is 7.5419%; threshold is 6.XX%. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans. Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 57 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.19340% or Final Disclosure APR of 7.22900% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.   REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans. Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 78 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 6 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application.
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 6.92100% is in excess of allowable threshold of Prime Mortgage Market Rate 3.46000% + 1.75%, or 5.21000%.  Compliant SubPrime Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.92100% or Final Disclosure APR of 6.97200% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: No evidence of timely delivery was provided. Updated report was not provided.
State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): No evidence of timely delivery was provided.
Federal Compliance - Federal HPML 2014 Compliant: Note Rate is 6.500%.
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
REVIEWER - GENERAL COMMENT (2018-10-29): Borrower received appraisal on  [Redacted] however appraisal report date  [Redacted] Exception remains
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 76 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: HURRICANE ISABEL
Disaster Declaration Date: XX/XX/XXXX
Maryland Severe Storm and Flooding (DR-4376) Incident PeriodXX/XX/XXXXXX/XX/XXXX declared disaster onXX/XX/XXXX REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception with compensating factor. 1       2 [2] State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.
[2] State Compliance - Maryland HPML Threshold Test Non-Compliant: Maryland Higher-Priced Mortgage Loan: APR on subject loan of 6.709XX% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Non-Compliant Higher Priced Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $2,858.02 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/510020)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/510019)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/510018)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/510017)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/510017)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.709XX% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan.
State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Maryland Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.
State Compliance - Maryland HPML Threshold Test Non-Compliant: Maryland Higher-Priced Mortgage Loan: APR on subject loan of 4.63770% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%. Non-Compliant Higher Priced Loan
Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: Disclosure reflect estimated monthly escrow payment as $259.82 (calculated $3,117.84/year); costs over year 1 reflects $2,858.02 (calculated $238.17/month).
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).
Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 4.63770% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%. Compliant Higher Priced Mortgage Loan.
BUYER - WAIVED COMMENT (2018-10-29): please waive
BUYER - WAIVED COMMENT (2018-10-29): please waive
REVIEWER - GENERAL COMMENT (2018-10-29): Escalated
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue - loan is compliant please clear
REVIEWER - GENERAL COMMENT (2018-10-29): The Seller provided a PCCD datedXX/XX/XXXX that did not correct the exception. Exception is not eligible to be cured
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL - all other exceptions have been cleared, loan is compliant please clear
REVIEWER - CURED COMMENT (2018-10-29): The seller provided  PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
REVIEWER - CURED COMMENT (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
REVIEWER - GENERAL COMMENT (2018-10-29): The Seller provided a PCCD dated  [Redacted] that did not correct the exception.
REVIEWER - CURED COMMENT (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
REVIEWER - GENERAL COMMENT (2018-10-29): The Seller provided a PCCD dated  [Redacted] that did not correct the exception.
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL
REVIEWER - CURED COMMENT (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
REVIEWER - GENERAL COMMENT (2018-10-29): The Seller provided a PCCD dated  [Redacted] that did not correct the exception.
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL
REVIEWER - CURED COMMENT (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
REVIEWER - CURED COMMENT (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month
BUYER - GENERAL COMMENT (2018-10-29): Can you please be more specific - PCCD section G line 1 reflects HOI as 68.83 per month ; what exactly are you looking for to correct issue
REVIEWER - GENERAL COMMENT (2018-10-29): The Seller provided a PCCD dated  [Redacted] that did not correct the exception.
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL
REVIEWER - CURED COMMENT (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month
BUYER - GENERAL COMMENT (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
REVIEWER - GENERAL COMMENT (2018-10-29): The Seller provided a PCCD dated  [Redacted] that did not correct the exception.
BUYER - GENERAL COMMENT (2018-10-29): Disregard submission - this was for Title Policy Coverage - thank you
BUYER - GENERAL COMMENT (2018-10-29): Please see REVISED COMMITMENT
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Assignee liability is unclear.

Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this Full documentation loan < 34% guideline max - 50% below program guideline maximum.

Borrower has employment stability for 9 years with ownership & employment in XXXX.

CDAIR datedXX/XX/XXXX with no damage provided after the date of the disaster declaredXX/XX/XXXX.

FICO 653, 13 points > program min. of 640.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 82 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Home Improvement Non QM 2 2 [2] Guideline Issue - Loan product type is ineligible per guidelines. Lender approved exception to policy: Borrower has a mortgage that was modified in March 2015. The current balance being paid is based on deferred balance adjustments. Modification agreement shows deferred principal of $XXXX which is eligible for forgiveness vs. program requirement that no portion of the principal due on a mortgage loan encumbering the Subject Property is being forgiven in connection with the refinance. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.56300% or Final Disclosure APR of 7.62900% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $695.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7548)
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation disclosure was not provided.
Federal Compliance - TRID Final Closing Disclosure Closing Date: The final CD disclosed a closing date ofXX/XX/XXXXdocuments were signed onXX/XX/XXXXFederal Compliance - Federal HPML 2014 Compliant: Note Rate is 7.175%
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Lender provided a total of $695.00 cure and is reflected on Final Closing Consumer CD as a Lender Credit for increase in Closing Cost above legal limit.
BUYER - WAIVED COMMENT (2018-10-29): waive
BUYER - WAIVED COMMENT (2018-10-29): Waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Guideline variance approved by lender at time of origination.
Borrower is self-employed asXXXX for the past 7.3 years and in the profession for 10 years.

Guideline variance approved by lender at time of origination.
Credit score is 692, 12 points > program requirement of 680

Guideline variance approved by lender at time of origination.
DTI is XX%, 19.492% < program maximum of 50%

Guideline variance approved by lender at time of origination.
LTV is 64.817%, 15.183% < program maximum of 80% LTV

Guideline variance approved by lender at time of origination.
No public records

Guideline variance approved by lender at time of origination.
Reserves are 34.37 months ($XXXX) 32 months > program requirement of 3 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 61 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Guideline Issue - The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file. Lender provided guideline exception for length of time self-employed. Borrower is Self-employed 20 months vs. program requirement of 24 months. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Appraisal Disclosure - ECOA Status: ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: List of Homeownership Counseling Organization Disclosure was not provided.
Federal Compliance - TRID Appraisal Disclosure - ECOA Status: No evidence of timely delivery was provided. Initial Loan Estimate was not provided.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller paid fees on Seller’s Closing Disclosure are not consistent with those reflected on the Borrower’s Final Closing Disclosure. Seller's CD reflects $55,887.13 in seller fees paid at closing. Borrower's final CD reflects $0.00 seller paid fees at closing.
Provide a Post-Close CD reflecting the corrections and a copy of the letter of explanation to the borrower disclosing the changes made.
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations. Credit score is 777, 77 points > program requirement of 700

DTI is XX%, 2.28965% < program maximum of 50%

Guideline variance approved by lender at time of origination. Borrower in same line of work over 4 years, worked for family owned Wireless Stores

Reserves are 8.78 months, 2.78 months > program requirement of 6 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 88 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Debt Consolidation Non QM 2 1       1       2 [2] State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: New York Subprime Loan: APR on subject loan of 6.78250% or Final Disclosure APR of 6.82700% is in excess of allowable threshold of Prime Mortgage Market Rate 4.53000 + 1.75%, or 6.28000%.  Compliant SubPrime Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.78250% or Final Disclosure APR of 6.82700% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.
  BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 85 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $2,917.97 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/515277)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/515277)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.69760% or Final Disclosure APR of 7.76500% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: Calculated annual taxes per Tax Cert is $3,406.97 ($283.91/month); disclosure reflects payments of $215.85 a month being collected ($2,590.20/year).
Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: Calculated annual taxes per Tax Cert is $3,406.97 ($283.91/month); disclosure reflects payments of $215.85 a month being collected ($2,590.20/year).
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate: Calculated annual taxes per Tax Cert is $3,406.97 ($283.91/month); disclosure reflects payments of $215.85 a month being collected ($2,590.20/year).
Federal Compliance - Federal HPML 2014 Compliant: Disclosure reflects APR as 7.765%; calculated is 7.6976%; threshold is 6.06%.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $2,266.50.  Seller paid fees not listed on the borrowers Final CD, Escrow fee of $475, Guaranty fee of $4.50, Attorney fee of $100, Seller Realtor Commission of $1,400 and Owner's Title of $287.
REVIEWER - CURED COMMENT (2018-10-29): Letter of Explanation & Corrected Closing Disclosure provided.
REVIEWER - GENERAL COMMENT (2018-10-29): Post Closing CD dated XX/XX/XXXX has Escrowed Property Costs over Year 1 of $5,710.08.  However the amount of escrow per month is $333.33.
BUYER - GENERAL COMMENT (2018-10-29): Corrected PCCD,LOX and label
BUYER - GENERAL COMMENT (2018-10-29): Corrected PCCD
REVIEWER - GENERAL COMMENT (2018-10-29): Total tax per tax cert 283.91 a month (county/property taxes 1696.83 annually or 141.40 a month School taxes 1710.14 annually or 142.51) PCCD reflects Property taxes 283.91 and School taxes 142.51. Exception remains
BUYER - GENERAL COMMENT (2018-10-29): PCCD,LOX and Label
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the LOX, PCCD, shipping label - out for delivery  [Redacted]
REVIEWER - GENERAL COMMENT (2018-10-29): USPS website still showing shipping label created and ready for pickup.  need confirmation that the package has actually shipped our in route.
BUYER - GENERAL COMMENT (2018-10-29): Confirmation is on UPS site Please cure
REVIEWER - GENERAL COMMENT (2018-10-29): Letter of Explanation, Shipping Label, and Corrected CD provided.  Shipping Label per USPS website status is Shipping Label Processed Ready for Pickup.  Once confirmation is received that the package has been sent / in route to the borrower will be able to cure the exception.  Alternatively AMC will accept confirmation that the package was sent electronically to the borrower.
REVIEWER - RE-OPEN COMMENT (2018-10-29): RE-OPENED on  [Redacted]  AMC received Post Close CD dated  [Redacted]  The estimated escrow amount was changed to $382.75.  The previous Post Closing CD dated  [Redacted] had the correct amount of $333.33 ($283.91 taxes and $49.42 insurance).  Please provided Corrected CD, Proof of Delivery and Letter of Explanation to cure.
REVIEWER - CURED COMMENT (2018-10-29): Letter of Explanation, Proof of Delivery, Corrected CD provided.
REVIEWER - GENERAL COMMENT (2018-10-29): Total tax per tax cert 283.91 a month (county/property taxes 1696.83 annually or 141.40 a month School taxes 1710.14 annually or 142.51) PCCD reflects Property taxes 283.91 and School taxes 142.51. Exception remains
BUYER - GENERAL COMMENT (2018-10-29): PCCD,LOX and Label
REVIEWER - CURED COMMENT (2018-10-29): Seller provided the LOX, PCCD, shipping label - out for delivery  [Redacted]
BUYER - GENERAL COMMENT (2018-10-29): Tracking
REVIEWER - GENERAL COMMENT (2018-10-29): USPS website still showing shipping label created and ready for pickup.  need confirmation that the package has actually shipped our in route.
REVIEWER - GENERAL COMMENT (2018-10-29): Letter of Explanation, Shipping Label, and Corrected CD provided.  Shipping Label per USPS website status is Shipping Label Processed Ready for Pickup.  Once confirmation is received that the package has been sent / in route to the borrower will be able to cure the exception.  Alternatively AMC will accept confirmation that the package was sent electronically to the borrower.
REVIEWER - RE-OPEN COMMENT (2018-10-29): RE-OPENED on  [Redacted]  AMC received Post Close CD dated  [Redacted]  The estimated escrow amount was changed to $382.75.  The previous Post Closing CD dated  [Redacted] had the correct amount of $333.33 ($283.91 taxes and $49.42 insurance).  Please provided Corrected CD, Proof of Delivery and Letter of Explanation to cure.
REVIEWER - CURED COMMENT (2018-10-29): Letter of Explanation, Proof of Delivery, Corrected CD provided.
REVIEWER - GENERAL COMMENT (2018-10-29): Total tax per tax cert 283.91 a month (county/property taxes 1696.83 annually or 141.40 a month School taxes 1710.14 annually or 142.51) PCCD reflects Property taxes 283.91 and School taxes 142.51. Exception remains
BUYER - GENERAL COMMENT (2018-10-29): PCCD,LOX and Label
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
BUYER - GENERAL COMMENT (2018-10-29): Please waive
Federal Compliance - TRID Final Closing Disclosure Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Escrow Payment: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 89 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 83 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%.
[2] Guideline Issue - Ineligible property type.: Condo (Mid Rise)
Common areas/amenities are owned by the sponsor/developer and leased to the homeowner association vs program requirement the the Subject Project may not include any units in condominium projects in which the sponsor/developer owns and leases back to the homeowner association common areas or amenities. Lender approved
DTI is XX% vs program maximum of 50%. Lender approved exception in file.
The sponsor/developer owns and rents XX out of the 96 units in the project (36.46%); XX of the 96 total units have conveyed (63.545).  Lender approved exception in file.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
1       2 [2] Application / Processing - Missing Document: Missing Lender's Initial 1003
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 6.581XX% is in excess of allowable threshold of Prime Mortgage Market Rate 3.87000% + 1.75%, or 5.62000%.  Compliant SubPrime Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.47410% or Final Disclosure APR of 6.47800% is in excess of allowable threshold of APOR 4.60% + 1.5%, or 6.10000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Application / Processing - Missing Document: Missing Lender's Initial 1003: Initial 1003's signed by borrower and non-occupant co borrower not provided in file.
Federal Compliance - Federal HPML 2014 Compliant: Disclosure reflects APR as 6.47XX%; calculated is 6.4741%; threshold is 6.1%.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: Seller paid fees on the buyers Closing Disclosure is $15,421.25; seller paid fees on the sellers Closing Disclosure is $44,996.25.  Seller paid fees not listed on the borrowers Final CD, Buyer Realtor Commission of $12,675 and Seller Realtor Commission of $16,900.
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
Borrower has 2 closed mortgages reporting paid as agreed.

Borrower is a Psychologist for over 20 years, employed with XXXX in addition to owning his own practice since 2011.

Credit score is 691, 11 points > program requirement of 680.

Long established condo project, project first marketed in 2007. All units are current on association dues, including the sponsor/developer. No pending litigation, and no commercial space in the project.

LTV is 75%, 5% < program maximum of 80%.

Reserves are 5.43 months, 2.43 months > program requirement of 3 months.
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XXXX 22NQM2 - 54 XXXX   $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Other N/A 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)   BUYER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this EV2 exception.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the appraisal on  [Redacted] < appraisal report date [Redacted]. Exception remains.
BUYER - GENERAL COMMENT (2018-10-29): Appraisal receipt
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XXXX 22NQM2 - 87 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Borrower is self-employed for XX months vs program requirement of a minimum of 24 months self-employment. Lender approved. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.30210% or Final Disclosure APR of 7.32500% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.30210% or Final Disclosure APR of 7.32500% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%. Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $28,083.50 , while closing CD seller's fees total $0.00
BUYER - WAIVED COMMENT (2018-10-29): waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
BUYER - WAIVED COMMENT (2018-10-29): waive
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
23.43 months reserves > 3 months guideline minimum

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

Credit Score 681, 21 points > program requirement of 660
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XXXX 22NQM2 - 90 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Demand Feature: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains a Demand Feature. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence: TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: An earlier version of the appraisal was provided that corresponds to the date the valuation was provided to the borrower.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Missing evidence of the borrower's receipt of the LO Compensation Disclosure.
Federal Compliance - TRID Final Closing Disclosure Demand Feature: The Demand Feature is blank.
Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence: Please provide Seller Closing Disclosure. Seller Closing Disclosure in file is blank.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
BUYER - GENERAL COMMENT (2018-10-29): Please waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
BUYER - GENERAL COMMENT (2018-10-29): Please waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
BUYER - GENERAL COMMENT (2018-10-29): Please waive
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception.
BUYER - GENERAL COMMENT (2018-10-29): Please waive
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Demand Feature: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 30 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Other N/A 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Minimum Loan Amount discrepancy.: Note loan amount of $XXXX is less than Guideline minimum loan amount of $75,000.00.
[2] Income Documentation - The verbal verification of employment was obtained more than 10 days prior to the note date.
A Lender Acknowledged Exception was granted due to loan amount is below the program minimum required of $75,000.
Verbal VOE datedXX/XX/XXXXnote dated XX/XX/XXXX.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception bases on compensating factors.
BUYER - GENERAL COMMENT (2018-10-29): Uploaded for your review-Exception approval
1       2 [2] State Compliance - Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed): Maryland Mortgage Lending Regulations:  Net Tangible Benefit Worksheet not signed by borrower. State Compliance - Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed): The signature of the Borrower did not appear on the Net Tangible Benefit Worksheets provided in file. BUYER - WAIVED COMMENT (2018-10-29): Waived, Level 2 State Compliance - Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed): Assignee liability is unclear. 120 months in reserves is greater than the program required 3 months.

A posy close verbal VOE was obtained to further demonstrate ongoing employment

Borrower has been Assistant Director of UXXXX for the past 27.55 years and in same line of work for 32 years.

DTI of XX%,13.29691< program maximum allowable of 50%.

Guideline variance approved by lender at time of origination.  Perfect mortgage history on credit report with no late payments.
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XXXX 22NQM2 - 116 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] Application / Processing - Missing Document: Other not provided
Gross IncomeXX/XX/XXXX to XX/XX/XXXX (23 months) = $XXXX / 23 = $XXXX calculates to be 22.7% variance.  Max allowed is 10%.
Guidelines require no less than 24 month P&L statement on 24 month bank statement program.  P&Ls in file reflect 2016 andXX/XX/XXXX to XX/XX/XXXX for a total of 23 months.
REVIEWER - WAIVED COMMENT (2018-10-30): Client elected to waive the exception with verified compensating factors.
BUYER - GENERAL COMMENT (2018-10-30): [Redacted]Updated worksheet -  [Redacted] gross earnings is  [Redacted] and gross deposits totaling  [Redacted] is 12.36% difference.  [Redacted] elects to waive with compensating factors:
DTI below max by 5% or greater:  XX% vs 43%
Time on Job of 5 years or greater:  13.74
FICO score above minimum by 20 points or greater.  [Redacted] vs  [Redacted]
PITIA reserves above minimum by 6 months or greater:  XX vs 3
REVIEWER - GENERAL COMMENT (2018-10-30): Worksheet was provided, however it supports greater than 10% difference.
REVIEWER - WAIVED COMMENT (2018-10-30): Client elected to waive the exception with verified compensating factors.
BUYER - GENERAL COMMENT (2018-10-30): [Redacted]Per UW - typo on P&L and should reflect end of  [Redacted].  [Redacted] elects to waive with compensating factors:
DTI below max by 5% or greater:  XX% vs 43%
Time on Job of 5 years or greater:  13.74
FICO score above minimum by 20 points or greater.  [Redacted] vs  [Redacted]
PITIA reserves above minimum by 6 months or greater:  XX vs 3
1       2 [2] Federal Compliance - Check Restated Loan Designation Match - General Ability to Repay: Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.98550% or Final Disclosure APR of 8.02800% is in excess of allowable threshold of APOR 3.9XX% + 1.5%, or 5.48000%.  Compliant Higher Priced Mortgage Loan.
[1] Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,110.50 exceeds tolerance of $930.00 plus 10% or $1,023.00.  Sufficient or excess cure was provided to the borrower at Closing. (0)
Federal Compliance - Check Restated Loan Designation Match - General Ability to Repay: Submission as Non-QM was provided.  Based on adjusted lender's QM designation, the loan meets requirements.
Federal Compliance - Federal HPML 2014 Compliant: Verified fees were input correctly.
Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: Final closing disclosure reflects sufficient cure.
REVIEWER - CURED COMMENT (2018-10-30): Submission as Non-QM was provided. Based on adjusted lender's QM designation, the loan meets requirements.
REVIEWER - WAIVED COMMENT (2018-10-30): Compliant Higher Priced Mortgage Loan.
Federal Compliance - Check Restated Loan Designation Match - General Ability to Repay: Rating Agency requirements are to have the Creditor provide the ATR/QM Loan Designation to the TPR firm performing the loan level due diligence and to have the TPR firm confirm said designation.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
DTI below max by 5% or greater:  XX% vs 43%

FICO score above minimum by 20 points or greater. 682 vs 620

PITIA reserves above minimum by 6 months or greater:  XX vs 3

Time on Job of 5 years or greater:  13.74
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XXXX 22NQM2 - 120 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing Disclosure XX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.89120% or Final Disclosure APR of 7.92500% is in excess of allowable threshold of APOR 4.8XX% + 1.5%, or 6.38000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Missing evidence of the borrower's receipt of the LO Compensation disclosure.
Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Missing evidence of the borrower's receipt of the Anti-Steering Disclosure.
Federal Compliance - TRID Final Closing Disclosure Finance Charge: Disclosure reflects Finance Charge of ($XXXX) but calculated Finance Charge is ($XXXX). Under disclosed by $250.00.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: The most recent LE dated XX/XX/XXXX does not indicate receipt therefore the mailbox rule is used with a receipt date of XX/XX/XXXX.
REVIEWER - WAIVED COMMENT (2019-05-31): The buyer has elected to waive this exception.
BUYER - GENERAL COMMENT (2019-05-31): Please waive
REVIEWER - WAIVED COMMENT (2019-05-31): The buyer has elected to waive this exception.
BUYER - GENERAL COMMENT (2019-05-31): Please waive
REVIEWER - CURED COMMENT (2019-05-31): XXXXXX received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and evidence package has been shipped.
BUYER - GENERAL COMMENT (2019-05-31): UPS Tracking
REVIEWER - GENERAL COMMENT (2019-05-31): XXXXXX received PCCD, LOE, Copy of Refund Check and copy of UPS tracking XXXX  Shipping label has been created, but not yet shipped.  Please provide evidence of Proof of Delivery to cure.
BUYER - GENERAL COMMENT (2019-05-31): PCCD,LOX,Label,Check
BUYER - GENERAL COMMENT (2019-05-31): PCCD,LOX,Label,
BUYER - GENERAL COMMENT (2019-05-31): PCCD,LOX,
REVIEWER - GENERAL COMMENT (2019-05-31): XXXXXX received Post Close CD, LOE to borrower, Proof of Delivery and Cure check for XXXX   The finance charge under disclosed by XXXX   Additional cure check for XXXX , Corrected CD, LOE to borrower and proof of delivery required.
BUYER - GENERAL COMMENT (2019-05-31): PCCD,LOX,Check,UPS Label
BUYER - GENERAL COMMENT (2019-05-31): PCCD,LOX,Check,
BUYER - GENERAL COMMENT (2019-05-31): PCCD,LOX
BUYER - GENERAL COMMENT (2019-05-31): PCCD,
REVIEWER - GENERAL COMMENT (2019-05-31): Finance charge exception is caused by a fee or a combination of fees that increased the calculated finance charge.  It appears the Lender may not have included the Final Inspection Fee of XXXX  and second Administration fee of XXXX  in Section B.  Neither of these fees are listed on the compliance report.  Please have the Lender verify the fees they included in the FC calculation.
REVIEWER - GENERAL COMMENT (2019-05-31): Under disclosed amount is not due to fees however is due to the amount of finance charges on the final CD page 4 of XXXX . difference of XXXX . (edited)
REVIEWER - GENERAL COMMENT (2019-05-31): Calculated finance charge matches the compliance report of XXXX .  Final CD indicates finance charge is XXXX
BUYER - GENERAL COMMENT (2019-05-31): Please provide what Fee is under disclosed
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception
BUYER - GENERAL COMMENT (2019-05-31): Please waive
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX mortgage purXXXXXXs HPML compliant loans.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 129 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application.
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 7.50410% is in excess of allowable threshold of Prime Mortgage Market Rate 3.90000% + 1.75%, or 5.65000%.  Compliant SubPrime Loan.
[2] Federal Compliance - RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application: RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application.
[2] Federal Compliance - TRID Final Closing Disclosure Demand Feature: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains a Demand Feature. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.50410% or Final Disclosure APR of 7.55500% is in excess of allowable threshold of APOR 4.84% + 1.5%, or 6.34000%.  Compliant Higher Priced Mortgage Loan.
State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): Disclosure provided on XX/XX/XXXXapplication received XX/XX/XXXXFederal Compliance - RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application: Disclosure provided onXX/XX/XXXXapplication received XX/XX/XXXXFederal Compliance - TRID Final Closing Disclosure Demand Feature: The final CD did not have a box checked in the Demand Feature section of the Loan  Disclosures.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: No tolerance cure provided on the CD.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX mortgage purXXXXXXs HPML compliant loans.
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Demand Feature: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 128 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender approved exception for XX% to allow DTI over program maximum of 43% however reviewer calculation at XX% please provide a revised lender exception for updated DTI. REVIEWER - WAIVED COMMENT (2019-05-31): Allow for DTI up to XXXX vs program max of XXXX
BUYER - GENERAL COMMENT (2019-05-31): See Revised / Approved XXXXXX Exception uploaded
1       2 [2] Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.)
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 7.10320% is in excess of allowable threshold of Prime Mortgage Market Rate 3.90000% + 1.75%, or 5.65000%.  Compliant SubPrime Loan.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Servicing Disclosure Status: File does not evidence the consumer was provided with the Servicing Disclosure.
[2] Federal Compliance - TRID Servicing Disclosure Timing: File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date.
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Abstract / Title Search.  Fee Amount of $75.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (7754)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Services Sales Tax.  Fee Amount of $54.94 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (77239)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Policy Guarantee Fee.  Fee Amount of $50.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (77223)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Survey Fee.  Fee Amount of $110.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (77187)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.10320% or Final Disclosure APR of 7.13500% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Lender approved exception for XX% to allow DTI over program maximum of 43% however reviewer calculation at XX% please provide a revised lender exception for updated DTI.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: AMC received 01/04 LE and CDs. Please provide SSPL to determine if exception can be cleared.
Federal Compliance - TRID Servicing Disclosure Status: Missing documentation.
Federal Compliance - TRID Servicing Disclosure Timing: AMC received XX/XX/XXXX LE. Please provide all prior LEs to determine if exception can be cleared.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: .
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: .
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: .
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: .
REVIEWER - WAIVED COMMENT (2019-05-31): Allow for DTI up to XXXX  vs program max of XXXX
BUYER - GENERAL COMMENT (2019-05-31): Updated XXXXXX Credit Exception provided. Please re-grade / clear.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2019-05-31): XXXXXX received PCCD, Copy of Refund check in the amount of XXXX , letter of explanation and shipping label with Fedex tracking XXXX .  However, package has not yet shipped.  Provide proof of delivery to cure.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception.
REVIEWER - GENERAL COMMENT (2019-05-31): XXXXXX received PCCD, Copy of Refund check in the amount of XXXX  letter of explanation and shipping label with Fedex tracking XXXX   However, package has not yet shipped.  Provide proof of delivery to cure.
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX mortgage purXXXXXXs HPML compliant loans.
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
6.36 months reserves > 3 months guideline minimum

Borrower has been self employed as owner of XXXXfor the past 7.08 years and 30 years in the same profession.

Credit score 737, 27 points > program requirement of 720.

Excellent payment history no late payments on credit report since inception with earliest open date of 7/2008. No public rerecords.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 122 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1 [1] State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): California Higher-Priced Loan: APR on subject loan of 7.01810% or Final Disclosure APR of 7.05500% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Loan.
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.01810% or Final Disclosure APR of 7.05500% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.
  REVIEWER - WAIVED COMMENT (2019-03-01): XXXXXX mortgage purXXXXXXs HPML compliant loans.
REVIEWER - WAIVED COMMENT (2019-03-01): XXXXXX mortgage purXXXXXXs HPML compliant loans.
State Compliance - (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold): Assignee Liability is unclear.  The provisions of the Act may only be enforced by the Attorney General or the licensed person’s licensing agency.  Any person who willfully and knowingly violates any provision of the Act shall be liable for a civil penalty of not more than $10,000 for each violation. A prepayment penalty or yield spread premium provision of a higher-priced mortgage loan that violates the Act shall be unenforceable.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 130 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] Miscellaneous - Credit Exception:
[2] Miscellaneous - Credit Exception:
[2] Miscellaneous - Credit Exception:
[2] Asset Calculation / Analysis - Guideline Requirement: Available for Reserves discrepancy.: Calculated Available for Reserves of $XXXX is less than Guideline Available for Reserves of $XXXX.
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%.
[2] Mortgage / Program Eligibility - Guideline Requirement: Loan to value discrepancy.: Calculated loan to value percentage of XX% exceeds Guideline loan to value percentage of 50.00000%.
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Maximum Loan Amount discrepancy.: Note loan amount of $XXXX is greater than Guideline maximum loan amount of $5,000,000.00.
[2] Insurance Documentation - The Blanket Coverage for a Condo does not meet guidelines.
Lender Exception granted to allow use of the Mortgage Guaranty Insurance Traditional Method, using rows 1-3 and 7-9 only,  to calculate Schedule E income based off of 1 year tax return versus the 1038 method. - Per FNMA 1038 calculator mortgage interest paid, tax and HOA are to be included in calculation for ATR however these amounts were not per the exception.
Loan Program requires that the homeowner's association's budget must include an allowance of capital reserves no less than 5% of the total expenditures included in such budget, however, the subject project budget only has XX% in capital reserves. A Lender Exception was granted to allow the loan to proceed.
The appraisal report indicates that 108 of the 157 units are complete versus the program requirement that all units in the complex must be complete. A Lender Exception was granted to proceed.
Lender approved exception - Reverses are 34.25 months + 110% of the loan amount vs program requirement for 110% of loan amount, plus 12 months reserves, plus 2 months additional PITIA in reserves for each additional mortgaged investment property.
The total debt ratio exceeds the program maximum allowable of 50% as well as it exceeds the debt to income ratio calculated at time of origination. The calculation of base income was significantly lower than the qualifying income figure at time of origination. Also, at time of origination there was a positive rental income cash-flow that the documents in file do not support. Instead, a negative rental figure has been calculated into the ratios. It also does not appear that the monthly mortgage payment of $XXXX, belonging to the Borrower's primary residence, was not calculated into the ratios.
The subject LTV of XX% exceeds the program maximum allowable of 50%, however, a Lender Exception was granted to proceed at the higher LTV.
The subject loan amount exceeds the program maximum allowable of $5,000,000.00, however, a Lender Exception was granted to allow the loan to proceed.
The Condo project blanket insurance policy is a Builder's Risk Policy versus the Fannie Mae requirement for a master policy that covers all units. A Lender Exception was granted to proceed with the Builder's Risk Policy.
REVIEWER - GENERAL COMMENT (2019-05-31): XXXXXX has elected to waive this exception based on compensating factors.
BUYER - GENERAL COMMENT (2019-05-31): Lender exception noted, why is this not downgraded and waived?
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-05-31): Client elects to waive with comp factors.

An exception was also made by Client to use this income method as it is not the required Fannie Mae rental income calculation that was required on FNMA Form 1038. Utilizing the MGIC calculation does not hit the borrower up for the principal payment portion of over 50+ mortgages. Using the required FNMA method, the DTI ratio is XX%. Using the MGIC method as exceptioned by the lender, the DTI ratio reduces to 43.521%.
BUYER - GENERAL COMMENT (2019-05-31): This is based on the Traditional Method of Calculation, as per the exception.
REVIEWER - GENERAL COMMENT (2019-05-31): Sched E worksheet provided does not account for any current mtg payments (if any), taxes, ins and/or HOA fees. Provide updated worksheet with current PITI accounted for in calculation.
BUYER - GENERAL COMMENT (2019-05-31): Exception and Rental Income Worksheet uploaded for review.
REVIEWER - GENERAL COMMENT (2019-05-31): Client elects to waive with comp factors.

An exception was also made by Client to use this income method as it is not the required Fannie Mae rental income calculation that was required on FNMA Form 1038. Utilizing the MGIC calculation does not hit the borrower up for the principal payment portion of over 50+ mortgages. Using the required FNMA method, the DTI ratio is XX%. Using the MGIC method as exceptioned by the lender, the DTI ratio reduces to 43.521%.
BUYER - GENERAL COMMENT (2019-05-31): Approved credit exception uploaded.
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-05-31): XXXXXX has elected to waive this exception based on compensating factors.
BUYER - GENERAL COMMENT (2019-05-31): The lender's exception was noted, why is this not being accepted and waived?
1       1         Borrower has been an Attorney for the past 37 years.

Credit score is 764, 84 points> program requirement of 680.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Perfect credit with no public records.
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 127 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Issue:  Insufficient tradelines per credit guidelines
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of 5.47 is less than Guideline PITIA months reserves of 6.00.
[2] Miscellaneous - Missing Document: Credit Letter of Explanation (LOE) not provided
Credit Report verifies 1 open mortgage and 1 authorized user credit card tradeline. XXXX Underwriting Guidelines require at least 4 major tradelines and authorized user accounts cannot be used to verify the borrower’s credit history. No other open and active accounts were reported, no alternative credit documentation was provided, and file is missing a lender exception to allow the borrower’s insufficient credit history.
Verified reserves after closing of $XXXX are insufficient to cover 6 months of reserves of $XXXX(subject PITI of $XXXX x 6 months) as required by XXXX Bank Statement Guidelines.
Borrower filed Chapter 13 Bankruptcy that was dismissed on XX/XX/XXXX. File is missing the borrower's letter of explanation as required by XXXX Underwriting Guidelines.
REVIEWER - WAIVED COMMENT (2019-06-03): Lender approved exception for insufficient tradelines with 1 verified compensating factor.
REVIEWER - WAIVED COMMENT (2019-06-03): Lender approved exception for the reserve shortage with 1 verified compensating factor.
REVIEWER - WAIVED COMMENT (2019-06-03): Rec'd exception for missing bankruptcy LOE.
BUYER - GENERAL COMMENT (2019-06-03): LOE not required when it is that old.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Federal Compliance - TRID Final Closing Disclosure Assumption: Final Closing Disclosure disclosed the lender will not allow the loan to be Assumed however, the Note contains an Assumption Clause. REVIEWER - WAIVED COMMENT (2019-06-03): Okay to waive per client. Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability. Borrower on this Bank Statement documentation loan has a disposable income of $XXXX   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 131 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[1] Federal Compliance - Federal HPML 2014 Compliant: Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.357XX% or Final Disclosure APR of 8.38200% is in excess of allowable threshold of APOR 4.61% + 2.5%, or 7.11000%.  Compliant Higher Priced Mortgage Loan.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: LE issued on XX/XX/XXXX received by the borrower on XX/XX/XXXX (confirmed from E-signed LE) which is the same day the Initial CD was issued and received by the borrower. BUYER - WAIVED COMMENT (2019-06-07): XXXXXX has elected to waived this exception.
BUYER - WAIVED COMMENT (2019-06-07): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-06-07): XXXXXX has elected to waive this exception
REVIEWER - WAIVED COMMENT (2019-06-07): XXXXXX mortgage purXXXXXXs HPML compliant loans.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - Federal HPML 2014 Compliant: TILA HPML - If Non-Compliant, subject to a 1 year SOL for affirmative claims under TILA, Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 133 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 7.92220% is in excess of allowable threshold of Prime Mortgage Market Rate 3.77000% + 1.75%, or 5.52000%.  Compliant SubPrime Loan.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: AMC received 03/6 and 4/24 LEs. The Loan Origination Fee increased without a valid change of circumstance on the 04/24 LE. Please provide COC if available or corrected CD, LOE, Refund Check, and Proof of Delivery to cure. BUYER - WAIVED COMMENT (2019-06-14): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-06-14): XXXXXX has elected to waive this exception.
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 137 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%.
Lender approved exception to allow the use of business funds of $XXXX for earnest money deposit coming directly from the business account vs program requirement that if funds in a business bank or brokerage account have not been transferred to the borrower's personal account, such funds may not be included in down payment and closing funds.
Lender approved exception to allow DTI of XX% vs program maximum of 43%.
REVIEWER - WAIVED COMMENT (2019-06-25): Client has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-06-25): Client has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.)
[2] State Compliance - Massachusetts HPML Threshold Test Compliant: Massachusetts Higher-Priced Mortgage Loan: APR on subject loan of 7.49690% or Final Disclosure APR of 7.79500% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000% Compliant Higher Priced Loan.
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $525.00 exceeds tolerance of $500.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)
Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Lender approved exception to allow DTI of XX% vs program maximum of 43%.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: The appraisal fee increased by $25, however, a sufficient cure was disclosed on the final CD.
REVIEWER - WAIVED COMMENT (2019-06-25): Client has elected to waive this exception based on compensating factors.
BUYER - WAIVED COMMENT (2019-06-25): XXXXXX has elected to waive
  Borrower has been self employed for 14 years - Owner of XXXX

Borrower has no public records.

Borrower's credit score of 706 > program requirement of 680.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 136 XXXX   $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Maximum Loan Amount discrepancy.: Note loan amount of $XXXX is greater than Guideline maximum loan amount of $4,000,000.00.
[2] Guideline Issue - Loans cannot close in Trust.
Lender acknowledged
Allow subject primary home loan to close in an LLC (XXXX) vs. program requirement that only investment properties can be closed in an LLC.  Approved Lender Exception in file.
REVIEWER - WAIVED COMMENT (2019-06-25): XXXXXX has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-06-25): XXXXXX has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - Flood Insurance Escrow - Flood not Escrowed for Property in Flood Zone: Loan originated post December 2015, the subject property is in a flood zone, flood insurance is not escrowed.
[2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $930.50 exceeds tolerance of $550.00 plus 10% or $605.00.  Sufficient or excess cure was provided to the borrower. (0)
[2] Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $25,833.00 exceeds tolerance of $18,138.00 plus 10% or $19,951.80.  Insufficient or no cure was provided to the borrower. (0)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $6,000.00 exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower. (7506)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $6,000.00 exceeds tolerance of $XXXX.  Insufficient or no cure was provided to the borrower. (7506)
Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: Due to missing e-sign consent. Once received, compliance can be re-ran to determine compliance.
Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided: Exceptions cured.
Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: Due to missing e-sign consent. Once received, compliance can be re-ran to determine compliance.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: Exceptions cured.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Due to missing e-sign consent. Once received, compliance can be re-ran to determine compliance.
BUYER - WAIVED COMMENT (2019-06-25): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-06-25): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-06-25): XXXXXX has elected to waive this exception.
REVIEWER - CURED COMMENT (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.
REVIEWER - CURED COMMENT (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.
BUYER - GENERAL COMMENT (2019-06-25): See PCCD, LOX, copy of Refund Check and Tracking label provided.
REVIEWER - GENERAL COMMENT (2019-06-25): UPDATED: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $930.50 exceeds tolerance of $550.00 plus 10% or $605.00.  Insufficient or no cure was provided to the borrower.
REVIEWER - GENERAL COMMENT (2019-06-25): No changed circumstance documentation located in the loan file. A PCCD, LOE, and copy of any refund check is required in order to address the exception.
BUYER - GENERAL COMMENT (2019-06-25): Econsent provided
REVIEWER - CURED COMMENT (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.
REVIEWER - CURED COMMENT (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.
BUYER - GENERAL COMMENT (2019-06-25): See PCCD, LOX, copy of Refund Check and Tracking label provided.
REVIEWER - GENERAL COMMENT (2019-06-25): No changed circumstance documentation located in the loan file. A PCCD, LOE, and copy of any refund check is required in order to address the exception.
BUYER - GENERAL COMMENT (2019-06-25): Econsent provided
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Borrowers have both been self-employed for over two years operating XXXX which does business as XXXX

DTI is XX%, 10.5402% < program maximum of 50%.

No public records.

Reserves are 42.12 months, 22.12 months > program requirement of 20 months.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 125 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Income Documentation - Document Error: Bank statement financial institution not provided. Per XXXX income worksheet, borrower was qualified with 24 months personal bank statements however, file only contains 16 months and is missing the following bank statements: XXXX. Upon receipt of the missing bank statements, additional conditions may apply. BUYER - WAIVED COMMENT (2019-08-09): please waive
REVIEWER - RE-GRADED COMMENT (2019-10-24): Adding comp factors
1       2 [2] Federal Compliance - (Missing Data) Last Rate Set Date: Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Negative Fees: TRID-RESPA Integrated Disclosure - Final Closing Disclosure provided on XX/XX/XXXX disclosed a negative fee amount. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of 17,179.80 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Total Payoffs and Payments. (FinXX/XX/XXXX)
Federal Compliance - (Missing Data) Last Rate Set Date: File is missing the Rate Lock Agreement.
Federal Compliance - TRID Final Closing Disclosure Assumption: Final Closing Disclosure disclosed the lender will not allow the loan to be Assumed however, the Note contains an Assumption Clause.
Federal Compliance - TRID Final Closing Disclosure Negative Fees: Final Closing Disclosure disclosed a negative amount of -$150.00 for borrower paid Title - Escrow Fee Coupon Credit in Section C. This is TRID non-compliant.
Federal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: Final Closing Disclosure Calculating Cash to Close Table disclosed Yes for Did this Change? for Total Payoffs and Payments (K) from -$1,186,492.00 to -$1,186,491.63.
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - CURED COMMENT (2019-08-09): Letter of Explanation & Corrected Closing Disclosure provided
BUYER - GENERAL COMMENT (2019-08-09): pccd
BUYER - GENERAL COMMENT (2019-08-09): exception and eoi replacement cost estimator
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Negative Fees: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
59% LTV < 80 guideline max

744 representative FICO score > 680 guideline minimum
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 121 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Asset Calculation / Analysis - Available for Closing is insufficient to cover Cash From Borrower.: Documented qualifying Assets for Closing of  $633,302.07 is less than Cash From Borrower $666,911.53. File is missing verification of $XXXX earnest money deposit. REVIEWER - WAIVED COMMENT (2019-08-09): Client identified compensating factors
BUYER - GENERAL COMMENT (2019-08-09): please see exception
REVIEWER - GENERAL COMMENT (2019-08-09): Updated commentary:  The $XXXX earnest money deposit was paid from unverified XXXXXX.  The account does not appear to belong to either borrower.
1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application: RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application.
[2] Federal Compliance - TRID Appraisal Disclosure - ECOA Timing: ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date.
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $3,348.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Loan Estimate Timing: TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (InitiXX/XX/XXXX)
[2] Federal Compliance - TRID Service Provider Timing: TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application.
[2] Federal Compliance - TRID Servicing Disclosure Timing: File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date.
[2] Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $475.00 exceeds tolerance of $375.00 plus 10% or $412.50.  Insufficient or no cure was provided to the borrower. (0)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $2,389.20 exceeds tolerance of $2,383.00.  Insufficient or no cure was provided to the borrower. (8304)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $800.00 exceeds tolerance of $700.00.  Insufficient or no cure was provided to the borrower. (7507)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $800.00 exceeds tolerance of $700.00.  Insufficient or no cure was provided to the borrower. (7506)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $3,800.59 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7200)
[1] Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX)
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Documentation is missing from subject file.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application: The List of Homeownership Counseling Organizations  was provided on XX/XX/XXXX; however, the application date was XX/XX/XXXX.
Federal Compliance - TRID Appraisal Disclosure - ECOA Timing: The appraisal disclosure was provided on XX/XX/XXXX; however, the application date was XX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Final Closing Disclosure dated XX/XX/XXXX disclosed a Closing Date of XX/XX/XXXX Deed of Trust was notarized on XX/XX/XXXX.
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: Final Closing Disclosure dated XX/XX/XXXX disclosed Non Escrowed Property Costs Year 1 of $3,348.00; calculated maximum Estimated Total Monthly Payment is $30,495.00.  Lender did not calculate Property Tax Costs in Year 1.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: On Final CD under Total Closing Costs Exceeds Limits the amount is blank.
Federal Compliance - TRID Loan Estimate Timing: Evidence of earlier borrowers' receipt was not found in file.
Federal Compliance - TRID Service Provider Timing: Evidence of earlier borrowers' receipt was not found in file.
Federal Compliance - TRID Servicing Disclosure Timing: The servicing disclosure was provided on XX/XX/XXXX; however, the application date was XX/XX/XXXX.
Federal Compliance - TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided: Ten Percent Fee Tolerance exceeded.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Cure for various 0% tolerance violations of $4,006.79 was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Cure for various 0% tolerance violations of $4,006.79 was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Cure for various 0% tolerance violations of $4,006.79 was not provided.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Cure for various 0% tolerance violations of $4,006.79 was not provided.
Federal Compliance - TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure: The Seller's final CD reflected a real estate commission in the amount of $XXXX, which did not appear on the consumer's CD.
BUYER - WAIVED COMMENT (2019-08-09): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Waiving at client request, EV2
REVIEWER - GENERAL COMMENT (2019-08-09): AMC confirms application date of XXXXXX. However, the only LE's in the file are dated XXXXXX and XXXXXX which is not within 3 business days of application date.
BUYER - GENERAL COMMENT (2019-08-09): this is in the file the AMC sent the report to the borrower
BUYER - WAIVED COMMENT (2019-08-09): XXXXXX closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - GENERAL COMMENT (2019-08-09): AMC received post close cd.  lender to provide tax calculation worksheet.  Unable to determine taxes calculated by lender
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - GENERAL COMMENT (2019-08-09): AMC confirms application date of XXXXXX. However, the only LE's in the file are dated XXXXXX and XXXXXX which is not within 3 business days of application date.
BUYER - GENERAL COMMENT (2019-08-09): application date is 9/XXXX and the loan was disclosed 9/XXXX
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - GENERAL COMMENT (2019-08-09): Addendum for loan amount increase is dated XXXXXX.  Loan Estimates in file confirm the lender was made aware of the increase at least on XXXXXX since the sales price is reflected as $2,171,763.  Transfer tax increase occurred on the Final CD issued XX29XX.  Borrower not notified of fee increase within 3 business days of lender being made aware of the changes.
BUYER - GENERAL COMMENT (2019-08-09): sales price changed on XX3/18 as shown on uploaded addendum, previous sales price was $2,165,900
REVIEWER - GENERAL COMMENT (2019-08-09): AMC received sales contract addendum which confirms sales price of $2,171,763.  Unable to determine why transfer tax increased.  Sales price did not change.
REVIEWER - GENERAL COMMENT (2019-08-09): Sales price on final cd is the sane as the initial le of $2,171,763 unable to determine where sales price increased
BUYER - GENERAL COMMENT (2019-08-09): escrow didn't provide the updated transfer tax based on the increased in sales price until the day that docs were drawn on XXXX18 .. see attached
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - GENERAL COMMENT (2019-08-09): Cure required to borrower.  Baseline amount of $700 used for appraisal fee.  Borrower charged $800.  Valid change of circumstance required to justify fee increase.  Per lender an estimate appraisal fee was used.  Lender held to baseline of $700 unless valid change of circumstance can be provided.
BUYER - GENERAL COMMENT (2019-08-09): The appraisal XXXXXX is showing that it was charged to the borrower XXXXXX so that is within 3 days of the COC XXXXXX  
Because we are not aware of the appraisal fee at time of disclosing a best estimate is used ..
This is a valid change of circumstance based on section 1026.17(c)(2)(i) provides that if any information necessary for an accurate disclosure is unknown to the creditor, the creditor shall make the disclosure based on the best information reasonably available to the creditor at the time the disclosure is provided to the consumer.
REVIEWER - GENERAL COMMENT (2019-08-09): receipt of appraisal invoice with correct fee charged to the borrower not a valid change of circumstance.  lender should have been aware of the appraisal fee charges. loan estimate of $700 appraisal fee is binding and no new information was made available to justify fee increase
BUYER - GENERAL COMMENT (2019-08-09): the invoices were not provided until the broker ordered the CD on the 19th there for an estimate was used for initial disclosure - actual fee were provided at the time of CD therefore the initial appraisal(s) fee was an estimate as the actual fee was not known at the time of disclosure. This is a valid change of circumstance based on section 1026.17(c)(2)(i) provides that if any information necessary for an accurate disclosure is unknown to the creditor, the creditor shall make the disclosure based on the best information reasonably available to the creditor at the time the disclosure is provided to the consumer.
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - GENERAL COMMENT (2019-08-09): Disbursement date is not in question.  Lender needs to provide attestation on what the correct closing date should have been on the Final CD.  The Final CD has a closing date that is prior to the issue date.
BUYER - GENERAL COMMENT (2019-08-09): this loan didn't fund until XX3/18 as shown on the final cd
REVIEWER - GENERAL COMMENT (2019-08-09): Unable to re-baseline fee since issue date of the final cd is XXXXXX with a closing date of XXXXXX.  Since closing date is prior to issue date attestation required to confirm what the correct closing date should have been on the final cd.  Please provide attestation to what the correct closing date should be on the Final CD.
REVIEWER - GENERAL COMMENT (2019-08-09): Unable to re-baseline fee since issue date of the final cd is XXXXXX with a closing date of XXXXXX.  Since closing date is prior to issue date attestation required to confirm what the correct closing date should have been on the final cd.
BUYER - GENERAL COMMENT (2019-08-09): there was a .25% hit for waiving the taxes see attached
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative

Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Loan Estimate Timing: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Service Provider Timing: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Borrower on this full documentation loan has a disposable income of $XXXX

DTI below max by 5% or greater. DTI: XX%

FICO score above minimum by 20 points or greater. FICO: 720

Housing payment history clean for 12 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 118 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three (3) business days prior to consummation. (Type:AdditionXX/XX/XXXX018)
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75103)
[1] Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation: Desk review waiver was signed XX/XX/XXXXhich is after the consummation date.
Federal Compliance - TRID Final Closing Disclosure Assumption: The final CD discloses the loan is not assumable, the note contains assumption language.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: $150 appraisal reinspection fee.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: The appraisal is dated XX/XX/XXXXnd is subject-to.  The addition of the appraisal reinspection fee on XX/XX/XXXXs not within 3 days of the change of circumstance.
Federal Compliance - TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD: TRID non-compliant.  Seller paid fees on Seller CD are not consistent with those on Borrower Final CD.  Seller CD reflects $42,104.88 in seller paid fees.  Borrower Final CD reflects $13,186.88 in seller paid fees.
REVIEWER - WAIVED COMMENT (2019-08-09): Waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Waive as Note verbiage is correct in stating the loan is assumable and the CD is not accurate per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
REVIEWER - GENERAL COMMENT (2019-08-09): AMC received the invoice. As the appraisal was completed subject to prior to initial disclosure the information the fee was required was available. Please provide corrected CD, LOE, and refund check to cure.
BUYER - GENERAL COMMENT (2019-08-09): the invoice was provided XXXXXX with the fee (the amount was not known until the invoice was received)
REVIEWER - WAIVED COMMENT (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
Federal Compliance - ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation: There is generally no Assignee Liability.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 119 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of 80.486XX% exceeds Guideline total debt ratio of 50.00000%. Guidelines require total assets/120 months for asset depletion and at of origination, underwriter divided total assets/60 months.
At time of origination, borrower was qualified with assets for depletion $XXXX. After closing costs, assets available for asset depletion total $XXXX.
REVIEWER - WAIVED COMMENT (2019-08-09): Client approved an exception with only 1 verified compensating factor to allow asset depletion income to be calculated over 60 months (guidelines require 120 months) and a DTI up to 55%.
BUYER - GENERAL COMMENT (2019-08-09): lender exception to use 5 year asset depletion
BUYER - GENERAL COMMENT (2019-08-09): Please see upload
REVIEWER - GENERAL COMMENT (2019-08-09): Lender used $XXXX in assets depleted over 60 months and qualified the borrower with monthly Asset Depletion income of $XXXX and a DTI of XX%. Verified assets of $XXXX less funds for closing of $XXXX, less 6 months required PITI reserves of $XXXX = $XXXX remaining assets to be depleted which results in a monthly income of $XXXX and a DTI of XX%.
1       2 [2] Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)
[2] Federal Compliance - (Missing Data) Last Rate Set Date: Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $10,063.68 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for Property Tax under Prepaids. (FinXX/XX/XXXX)
Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Exception revised for asset depletion income calculation.
Federal Compliance - (Missing Data) Last Rate Set Date: Rate Lock Agreement not provided
Federal Compliance - TRID Final Closing Disclosure Assumption: The final CD discloses the loan is not assumable, the note contains assumption language.
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: CD Non-Escrowed Property Costs over Year 1 $10,063.68.
Calculated Non-Escrowed Property Costs over Year 1 per 1073; $838.00*12=$10,056.00.
Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: Final CD issued XX/XX/XXXX, Section F. Prepaids, Property Taxes, field for months is blank.
REVIEWER - WAIVED COMMENT (2019-08-09): Client approved an exception with only 1 verified compensating factor to allow asset depletion income to be calculated over 60 months (guidelines require 120 months) and a DTI up to 55%.
REVIEWER - WAIVED COMMENT (2019-08-09): Waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Waive per client.
REVIEWER - OPEN - UNABLE TO CLEAR COMMENT (2019-08-09): Received Letter of Explanation and Corrected CD required to cure. Because the cure timeline has not been met, the exception cannot be cleared.
BUYER - GENERAL COMMENT (2019-08-09): PCCD reflecting $10,056
REVIEWER - WAIVED COMMENT (2019-08-09): Waive per client.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
785 representative FICO score > 680 guideline minimum - 105 points above guideline minimum   - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 123 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - (Missing Data) Last Rate Set Date: Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Missing the NOTE, so UTD
Federal Compliance - TRID Final Closing Disclosure Closing Date: Dates confirmed
REVIEWER - WAIVED COMMENT (2019-07-19): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-07-19): Okay to waive per client.
BUYER - WAIVED COMMENT (2019-07-19): please waive
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
    - D D D D D A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 126 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Credit Documentation - Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided No VOM or cancelled checks on current mortgage REVIEWER - WAIVED COMMENT (2019-07-19): Lender approved exception to allow an e-mail in lieu of a VOM for the existing private mortgage.
REVIEWER - GENERAL COMMENT (2019-07-19): As of XXXXXX, still have not received a standard VOM from the private lien holder for the subject property. Per XXXXXX Underwriting guidelines, a mortgage not reported on the credit report must be verified with: A standard mortgage verification; loan payment history from the servicer; the borrower's canceled checks for the last twelve months; or the borrower's year-end mortgage account statement, provided
the statement includes a payment receipt history, and, if applicable, canceled checks for the months elapsed since the year-end mortgage account statement was issued. File contains an e-mail from the private lien holder that the lender used for the VOM and the payoff of this loan however, the original Note was not provided to verify the loan terms as stated in the e-mail. A client exception with compensating factors to allow the e-mail in place of a standard VOM or 12 months cancelled checks is required to clear this exception.
REVIEWER - GENERAL COMMENT (2019-07-19): Rec'd credit supplement for REO property.  Still missing VOM for subject.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Assumption language is on the note.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Hazard is $584.04 a year and under prepaids it states $292.04 for 12 months.
REVIEWER - WAIVED COMMENT (2019-07-19): Waive per client request.
BUYER - WAIVED COMMENT (2019-07-19): please waive
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
Borrower has been self-employed for 4.87 years

Housing payment history clean for 85 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 124 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Guideline Issue - Borrower does not have the minimum open tradelines per guidelines.
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%.
[2] Income Documentation - Income Docs Missing:
[2] Miscellaneous - Miscellaneous Credit (Non-Material):
[2] Miscellaneous - Miscellaneous Credit (Non-Material):
Foreign national loan requires 3 credit references with a 24 month history .  We have a copy of the borrowers list of references, but no actual reference letters.
DTI exceeds 50% and no exception provided
For a foreign national borrower, we require the following:  YTD earnings and earnings for the last 2 years from employer on both jobs.
Missing currency conversions in file for assets and lease on primary.XXXX has $XXXX.
Borrower lives and works in XXXX for 2 different companies.  No LOX on why she is currently renting out her primary residence or where she is currently living. No documentation that primary has no liens, taxes, insurance or HOA dues.
REVIEWER - WAIVED COMMENT (2019-08-09): Client approved exception to allow only 1 credit reference for the foreign national borrower.
BUYER - GENERAL COMMENT (2019-08-09): please see upload
REVIEWER - WAIVED COMMENT (2019-08-09): Client approved exception to allow a DTI up to 55% (subject loan DTI is 52.56%).
BUYER - GENERAL COMMENT (2019-08-09): please see upload
REVIEWER - WAIVED COMMENT (2019-08-09): Client approved exception to allow employer letters to verify the borrower's foreign employment and income.
BUYER - GENERAL COMMENT (2019-08-09): exception
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
1       2 [2] Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX)
Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Missing information to accurate calculate DIT.
Federal Compliance - TRID Final Closing Disclosure Assumption: Assumption language on the note.
Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: Deposit went from $0 to $49800 and box is marked No.
REVIEWER - WAIVED COMMENT (2019-08-09): Client approved exception to allow a DTI up to 55% (subject loan DTI is 52.56%).
BUYER - GENERAL COMMENT (2019-08-09): please see upload
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
REVIEWER - WAIVED COMMENT (2019-08-09): Okay to waive per client.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller Change - Deposit: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
25.98 months reserves > 6 months guideline minimum

Per foreign employer letter, borrower has been employed at the company since 2008
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 143 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 8.21670% is in excess of allowable threshold of Prime Mortgage Market Rate 3.63000% + 1.75%, or 5.38000%.  Compliant SubPrime Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower: TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Amount of Cash to Close that does not match the Final value of Cash to Close in the Calculating Cash to Close table. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower: The Calculating Cash to Close table indicates cash to close of $38,951.19.  The Summaries of Transactions table indicates cash to close of $39,337.19. BUYER - WAIVED COMMENT (2019-07-03): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-03): XXXXXX has elected to waive this exception.
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 132 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Fannie Mae 2014 - 3% Points and Fees: Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of 3.39884% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $XXXX on a Federal Total Loan Amount of $XXXX vs. an investor allowable total of $XXXX (an overage of $7,748.90 or .39884%).
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
Federal Compliance - Fannie Mae 2014 - 3% Points and Fees: Points and Fees for subject loan of 3.39884% exceed the 3.00% allowable maximum of the Federal total loan amount of $XXXX, and points and fees totaling $XXXX exceed the allowable maximum of $XXXX, which is an overage of $7,748.90 or .39884%.
Federal Compliance - TRID Final Closing Disclosure Assumption: Final CD disclosed loan does not allow Assumption, however, Note contains assumption language.
BUYER - WAIVED COMMENT (2019-08-09): please waive
REVIEWER - WAIVED COMMENT (2019-08-09): Waiver per client request.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 134 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: The Note contains assumption verbiage and a Non Assumability Addendum is missing.  The final Closing Disclosure reflects assumption is not allowed.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Final Closing Disclosure disclosed a Closing Date of XX/XX/XXXX. Deed of Trust was notarized on XX/XX/XXXX.
REVIEWER - WAIVED COMMENT (2019-08-09): Waive per client request.
REVIEWER - GENERAL COMMENT (2019-08-09): Exception was previously waived.  No additional comments or documents are needed.
BUYER - GENERAL COMMENT (2019-08-09): please update dillilgence status to complete so this file can move forward
REVIEWER - GENERAL COMMENT (2019-08-09): Exception addressed previously.
BUYER - GENERAL COMMENT (2019-08-09): please update file status to complete.  no open conditions but still shows as "in exception clearing
REVIEWER - WAIVED COMMENT (2019-08-09): Waive per client request.
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 135 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): 3 day appraisal waiver provided however proof that appraisal was delivered to borrower by closing date was not provided.
Federal Compliance - TRID Final Closing Disclosure Assumption: CD reflects loan is not assumable however loan is a ARM and non-assumability rider was not provided.
REVIEWER - WAIVED COMMENT (2019-08-26): Waive per client request.
REVIEWER - WAIVED COMMENT (2019-08-26): Waive per client request.
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 141 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Federal Compliance - TRID Final Closing Disclosure Assumption: Note includes assumption verbiage which allows assumptions.  Final Closing Disclosures indicates loan is not assumable. REVIEWER - WAIVED COMMENT (2019-08-22): Waive per client request. Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.     - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 151 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00. XX months of reserves insufficient to cover 3 months required per guidelines. BUYER - GENERAL COMMENT (2019-07-05): Please see Final CD - total cash to close minus available assets = sufficient reserves to meet guideline requirement.
REVIEWER - GENERAL COMMENT (2019-07-08): Available funds for closing are $XXXX - $XXXX (funds to close) = $XXXX. PITI of $XXXX x 3 = $XXXX. Short reserves of $XX.
BUYER - GENERAL COMMENT (2019-07-10): Approved XXXXXX Credit Exception uploaded
REVIEWER - WAIVED COMMENT (2019-07-10): Client elects to waive the exception with verified compensation factors
1       2 [2] State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application.
[2] State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: New York Subprime Loan: APR on subject loan of 7.72600% or Final Disclosure APR of 7.84900% is in excess of allowable threshold of Prime Mortgage Market Rate 4.07000 + 1.75%, or 5.82000%.  Compliant SubPrime Loan.
[2] Federal Compliance - TRID Home Loan Toolkit Provided: Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant.
State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): Counseling Disclosure for NY Subprime was not issued within three days of application.
Federal Compliance - TRID Home Loan Toolkit Provided: Home Loan Toolkit Disclosure is not located in file.
BUYER - WAIVED COMMENT (2019-07-05): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-05): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-05): XXXXXX has elected to waive this exception.
State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Home Loan Toolkit Provided: TILA - 1yr affirmative.
Borrower has been self employed for 5 years and  in the profession for 7 years.

FICO is 665, 25 points > program requirement of 640

LTV is 80%, 5% < maximum program 85%
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 144 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX)
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation disclosure not in file. Unable to determine if compensation was based on a term of the transaction
Federal Compliance - TRID Final Closing Disclosure Finance Charge: Final Closing Disclosure Finance Charge is under disclosed by $200.  Itemization of amount financed not in file to confirm please provide compliance report as required per guides.
BUYER - WAIVED COMMENT (2019-07-02): XXXXXX has elected to waive this exception.
BUYER - GENERAL COMMENT (2019-07-03): Please see Compliance Report
REVIEWER - GENERAL COMMENT (2019-07-03): AMC received Mavent Compliance Report, it appears the HOA/Condo Questionaire fee of $250 was not included in the APR calculation.  As it was disclosed in Section C as a required fee by title, it is an APR fee.  If it is not a fee required by the lender or the title company, then it should be disclosed in Section H to be omitted from the APR calculation.
BUYER - GENERAL COMMENT (2019-07-08): Please see INITIAL LE reflecting the $250 condo fee was disclosed in section B
REVIEWER - GENERAL COMMENT (2019-07-09): AMC received LE. The exception is regarding the discrepancy of the finance charge amount. As it appears the HOA/Condo Questionnaire was required by lender as it was disclosed in section B on the LE thus included in APR. Please provide corrected CD, LOE, refund check, and proof of delivery to cure.
BUYER - GENERAL COMMENT (2019-07-10): Please see PCCD, LOX, CHECK LABEL
REVIEWER - CURED COMMENT (2019-07-11): AMC received PCCD, LOE, refund check, and proof of delivery. Exception Cured.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Finance Charge: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 154 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application.
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 8.72470% is in excess of allowable threshold of Prime Mortgage Market Rate 3.66000% + 1.75%, or 5.41000%.  Compliant SubPrime Loan.
State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): Counseling Disclosure issuedXX/XX/XXXXut not signed by Borrower until 6/13/19 BUYER - WAIVED COMMENT (2019-07-18): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-07-18): XXXXXX has elected to waive
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.     - D D D D D A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 148 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender approved exception. Borrower was previously a self-employed contractor (1099) for XXXX prior to starting XXXX 15 months ago onXX/XX/XXXX vs program requirement of 24 months continuous self-employment. REVIEWER - WAIVED COMMENT (2019-07-05): Client has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   BUYER - WAIVED COMMENT (2019-07-08): XXXXXX has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
XX%% DTI  < 43% guideline max

Borrower has been self employed for the past 4 years and was previously a 1099 employee with XXXX prior to becoming self employed 15 months ago as President of XXXX

Credit score is 739 > program requirement of 680

LTV is 70%, 20% < program maximum of 90%.

Reserves are 25.69 months > program requirement of 3 months
  - B B B B B B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 146 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Minimum Loan Amount discrepancy.: Note loan amount of $XXXX is less than Guideline minimum loan amount of $150,000.00.
[2] Public Records - Public Records/Collections/Charge Off does not meet guidelines.: Credit Report: Original // Public Record Type: Foreclosure / Balance: XX
Loan amount does not meet guideline minimum.
Subject property has a Lis Pendens filedXX/XX/XXXX due to Mechanic's Lien that will be paid off with this transaction, borrower also has a foreclosure completedXX/XX/XXXX (32 months) vs program requirement of no foreclosure, bankruptcy, deed in lieu or short sale over the past 48 months at standard LTVs and reserves.
BUYER - GENERAL COMMENT (2019-07-08): The borrower's credit score is 713 and per A6 matrix, page 34 for primary, there is no minimum loan amount.
Primary Residence - 1 - 4 Unit and Condo
FOR CREDIT SCORES OF LESS THAN 650, the minimum loan is $150,000.
REVIEWER - GENERAL COMMENT (2019-07-08): Page 39 reflects Owner Occ and second homes, minimum loan amount is $150,000.00.
BUYER - GENERAL COMMENT (2019-07-09): Please see the uploaded exception which has a counter offer of $145,000 max loan amount.
REVIEWER - WAIVED COMMENT (2019-07-10): Client elects to waive the exception with verified compensation factors
REVIEWER - WAIVED COMMENT (2019-07-05): Client has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX019)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX019)
  BUYER - WAIVED COMMENT (2019-07-08): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-08): XXXXXX has elected to waive this exception.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
DTI is XX%; 18.484% < program maximum of 50%.

FICO 713, 33 points > 680 program requirement.

Reserves are 118 months, 109 months > program requirement of 110% of the loan + 9 months PITI.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 147 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   BUYER - WAIVED COMMENT (2019-07-08): XXXXXX has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 152 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00.   REVIEWER - WAIVED COMMENT (2019-07-17): Client elects to waive the exception with verified compensation factors 1       2 [2] State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: New York Subprime Loan: APR on subject loan of 8.12140% or Final Disclosure APR of 8.14000% is in excess of allowable threshold of Prime Mortgage Market Rate 4.10000 + 1.75%, or 5.85000%.  Compliant SubPrime Loan.   BUYER - WAIVED COMMENT (2019-07-11): XXXXXX has elected to waive State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee. XX%DTI on this bank statement documentation loan < 50% guideline max - 11.251% below program guideline maximum

FICO is 656, 13 points > program requirement of 640

Paying off subject private balloon mtg of $XXXX
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 160 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $155.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7505)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: The file contained documentation verifying the borrower was provided with a copy of the appraisal onXX/XX/XXXX, which is prior to the appraisal report date ofXX/XX/XXXX. Evidence borrower received a copy of the revised appraisal was not provided. REVIEWER - GENERAL COMMENT (2019-07-22): Appraisal received by Lender onXX/XX/XXXXer D0054 however this date was prior to the report date of the appraisal of 6/XXXX.
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive
REVIEWER - GENERAL COMMENT (2019-07-22): No LO compensating disclosure provided.
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 172 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application.
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 6.41660% is in excess of allowable threshold of Prime Mortgage Market Rate 3.84000% + 1.75%, or 5.59000%.  Compliant SubPrime Loan.
State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): Evidence the borrower was provided the counseling disclosure is missing from the loan file. BUYER - GENERAL COMMENT (2019-07-12): Turned into Subprime on 6-5
REVIEWER - GENERAL COMMENT (2019-07-15): Additional documentation will be required to support the fact the loan became XXXXXX  Subprime on 6/5 and not sooner.   Whereas AMC would typically look to the LE in file to determine the APR at the time the LE was issued, in this case the LE is missing from file.  The 1003 reflects the application was made as an ARM loan with an initial interest rate of 5.96%.  This is further supported by the rate lock in file dated 5/XX19 which also reflects an interest rate of 5.96%.  With a XXXXXX subprime threshold of 3.84% (PMMS) + 1.75% or 5.59%,  the loan appears to have been Subprime from the time of initial application.  Note that the grading on the timing exception is an EV2-B given that while the disclosure was not provided "at application", as specified in the Regulation, it was provided within three days of application, which AMC's outside counsel has agreed to an EV2-B citing.
REVIEWER - GENERAL COMMENT (2019-07-18): Pending TRID review.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive
REVIEWER - GENERAL COMMENT (2019-07-15): Additional documentation will be required to support the fact the loan became XXXXXX  Subprime on 6/5 and not sooner.   Whereas AMC would typically look to the LE in file to determine the APR at the time the LE was issued, in this case the LE is missing from file.  The 1003 reflects the application was made as an ARM loan with an initial interest rate of 5.96%.  This is further supported by the rate lock in file dated 5/XX19 which also reflects an interest rate of 5.96%.  With a XXXXXX subprime threshold of 3.84% (PMMS) + 1.75% or 5.59%,  the loan appears to have been Subprime from the time of initial application.  Note that the grading on the timing exception is an EV2-B given that while the disclosure was not provided "at application", as specified in the Regulation, it was provided within three days of application, which AMC's outside counsel has agreed to an EV2-B citing.
REVIEWER - GENERAL COMMENT (2019-07-18): Pending TRID review.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 155 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application.
[2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 7.09110% is in excess of allowable threshold of Prime Mortgage Market Rate 3.51000% + 1.75%, or 5.26000%.  Compliant SubPrime Loan.
State Compliance - (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days): Disclosure provided onXX/XX/XXXXpplication date 5/1/19. BUYER - WAIVED COMMENT (2019-07-25): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-07-25): XXXXXX has elected to waive
State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 157 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Federal Compliance - TRID Final Closing Disclosure Assumption: Page 4 of the final CD indicates loan assumption is not allowed yet the Note reflects loan assumption verbiage. BUYER - WAIVED COMMENT (2019-07-24): XXXXXX has elected to waive Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 158 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Maximum Loan Amount discrepancy.: Note loan amount of $XXXX is greater than Guideline maximum loan amount of $2,500,000.00.
[2] Credit Eligibility - Public Record Issue:: Credit Report: Original // Public Record Type: Tax Liens / Balance: $XXXX
Loan amount of $XXXX exceeds max allowed of $2,500,000.  Approved Lender Exception in file.
Allow loan to close with IRS Tax lien in a repayment plan vs. program requirement that borrowers must not be subject to a lien that may attach to the subject property.  Approved Lender Exception in file.
REVIEWER - WAIVED COMMENT (2019-07-17): Client has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-07-17): Client has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - CHARM Booklet Provided Through Home Loan Toolkit: TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet provided to the borrower through Home Loan Toolkit.
[2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:SecondaXX/XX/XXXX)
[1] Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $196.00 exceeds tolerance of $168.00 plus 10% or $184.80.  Sufficient or excess cure was provided to the borrower at Closing. (0)
Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: Valuation provided to borrower onXX/XX/XXXXet date of appraisal isXX/XX/XXXXFederal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: $11.20 cure provided at closing. BUYER - WAIVED COMMENT (2019-07-22): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-07-19): XXXXXX has elected to waive
  Borrower has 1 closed and 2 open mortgages reporting 0x30 since earliest inception date 8/2007 (1 isolated 30 day in 1/2015).  All other credit accounts reporting paid as agreed.

Borrower has been self-employed as a Physician for the past 15 years.  In addition, he has 19 years self-employment as a Publisher.

Credit score is 756, 76 points > program requirement of 680.

DTI is XX%, 20.896% < program maximum of 50%.

Reserves are 29 months, 13 months > program requirement of 16 months (12 months plus 4 months for 2 mortgaged investment properties).
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XXXX 22NQM2 - 170 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Home Loan Toolkit Provided: Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Federal Compliance - TRID Home Loan Toolkit Provided: Home Loan Toolkit disclosure was not provided to the borrower REVIEWER - GENERAL COMMENT (2019-07-29): Documents provided in trailing docs are for wrong borrower and address.
BUYER - WAIVED COMMENT (2019-07-29): XXXXXX has elected to waive
Federal Compliance - TRID Home Loan Toolkit Provided: TILA - 1yr affirmative.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 150 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Approved lender exception doc 374 for DTI of XX% vs. program max 50%. REVIEWER - WAIVED COMMENT (2019-07-22): Client has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)
[2] Federal Compliance - Self-Employed Tax Return Recency - ATR: Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/S-Corp)
[2] State Compliance - (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained): Texas Constitution Section 50(a)(6): Acceptable FNMA title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the Texas T-42 endorsement or the T-42.1 endorsement. (The loan is a Texas Section 50 (a)(6) home equity loan.)
Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Approved lender exception doc 374 for DTI of XX% vs. program max 50%.
Federal Compliance - Self-Employed Tax Return Recency - ATR: Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.
BUYER - WAIVED COMMENT (2019-07-23): waive
REVIEWER - WAIVED COMMENT (2019-07-22): Client has elected to waive this exception based on compensating factors.
BUYER - WAIVED COMMENT (2019-07-23): waive
BUYER - WAIVED COMMENT (2019-07-24): waive
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

State Compliance - (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained): This is a Secondary Market requirement by the GSEs and some investors.  (This Endorsement provides coverage against certain Texas 50(a)(6) exceptions at closing.)
1 open mtg. paid as agreed since 9/2012, no late payments in past 63 months, no public records.

25 months reserves vs. program required 3 months.

57.69% LTV vs. program max 85%.

741 credit score vs. program min 700

Borrower self-employed for past 3.42 years, in line of business 5 years.

Borrower's overall monthly debt payment decreased by $3,389 per month with this refinance
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XXXX 22NQM2 - 165 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - Maryland Counseling Agencies Disclosure Not in File: Maryland HB1399 - No evidence of counseling agencies list per Maryland HB 1399.
[2] State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.
[2] State Compliance - Maryland HPML Threshold Test Non-Compliant: Maryland Higher-Priced Mortgage Loan: APR on subject loan of 7.60190% or Final Disclosure APR of 7.64500% is in excess of allowable threshold of APOR 3.87% + 1.5%, or 5.37000%.  Non-Compliant Higher Priced Loan.
[2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Settlement Service Provider Status: TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Total Closing Cost exceeded the legal limit.
Federal Compliance - TRID Settlement Service Provider Status: Missing documentation
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-23): XXXXXX has elected to waive this exception.
State Compliance - Maryland Counseling Agencies Disclosure Not in File: HB 1399 does not contain express provisions for assignee liability.

State Compliance - (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided): Assignee liability is unclear.

Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Settlement Service Provider Status: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 162 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Guideline Issue - Borrower does not have the minimum active tradelines per guidelines. Borrower has 1 trade line only that is active and rated 29 months vs program requirement of at least 3 trade lines rated at minimum 12 months with 2 active within 12 months of the credit date. REVIEWER - WAIVED COMMENT (2019-07-24): Client has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   BUYER - WAIVED COMMENT (2019-07-24): XXXXXX has elected to waive Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
750 representative FICO score > 640 guideline minimum - 110 points above guideline minimum

Borrower has been employed for the past 2.5 years as a Regional Director with XXXX.

LTV is 69.93%, 15.07% < program maximum of 85% with 50% DTI

Minimal credit user with 1 active account paid as agreed. No public records.
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XXXX 22NQM2 - 153 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $459.65 exceeds tolerance of $50.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $460.00 exceeds tolerance of $450.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation  disclosure not provided. Unable to determine if compensation was based on a term of the transaction
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Initial LE reflected a credit report fee of $50 yet the final CD shows $459.65. Lender provided sufficient cure to borrower.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Appraisal Fee amount of $460.00 exceeds tolerance of $450.00. Sufficient cure was provided to the borrower
BUYER - WAIVED COMMENT (2019-07-26): XXXXXX has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
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XXXX 22NQM2 - 194 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.
[2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $186.45 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: Appraisal reflects an annual expense for HOA of $2,035.00 or $169.58 per month, final disclosure reflects a monthly expense of $16.95.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive this exception.
BUYER - GENERAL COMMENT (2019-08-23): PCCD & LOE provided
REVIEWER - CURED COMMENT (2019-08-26): AMC received PCCD correcting non escrowed property costs and LOE. Exception Cured.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 169 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - FACTA Disclosure Missing: FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.
[2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX)
Federal Compliance - FACTA Disclosure Missing: Borrower did not receive the FACTA credit score disclosure
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: List of Homeownership Counseling Organizations not provided to the borrower
Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: Disclosure reflects TIP of 170.452% but calculated TIP is 162.377% which is outside of .003% tolerance. Used Index Value = 2.297XX% per Compliance document in file.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-07-30): XXXXXX has elected to waive this exception.
Federal Compliance - FACTA Disclosure Missing: There is no Assignee Liability.

Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Total Interest Percentage: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 179 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Refinance Rate/Term Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender acknowledged exception to allow attorney letter confirming both parties are in the process of filing for a Petition of Dissolution vs. program requirement of providing a legal Separation Agreement or Divorce Decree REVIEWER - WAIVED COMMENT (2019-07-27): Client has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $336.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Assumption: Loan is an ARM with verbiage allowing assumption. CD indicated not assumable
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: CD reflects $28.00 Lamont ad per the appraisal HOA is 470.00 annually or 39.17 a month.
BUYER - WAIVED COMMENT (2019-08-02): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-02): XXXXXX has elected to waive this exception.
BUYER - GENERAL COMMENT (2019-08-02): PCCD and LOE provided
REVIEWER - CURED COMMENT (2019-08-05): AMC received PCCD correcting non escrowed property costs and LOE. Exception Cured.
Federal Compliance - RESPA Disclosure - List of Homeownership Counseling Organizations Missing: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.
XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

Credit score is 789, 109 points > program requirement of 680

Per Attorney letter, both parties have agreed to waive maintenance, no child support, XXXX to be awarded to spouse, borrower to retain $XXXX in assets and signed by both parties.

Perfect mortgage history with 3 active mortgage paid as agreed since inception 9/2009. Perfect credit history since inception of earliest account opened 6/2001. No public records

Reserves are 110% of the loan amount plus  PITI reserves, $XXXX > program requirement of 110% plus 5 months (3 month plus 2  investments)
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XXXX 22NQM2 - 174 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of 680. Lender approved exception to allow FICO of XXX vs program requirement of 680 REVIEWER - WAIVED COMMENT (2019-07-29): Client has elected to waive this exception based on compensating factors. 1       2 [2] State Compliance - New York Subprime Home Loan Threshold Fixed Non-Compliant: New York Subprime Loan: APR on subject loan of 8.37080% or Final Disclosure APR of 8.40300% is in excess of allowable threshold of Prime Mortgage Market Rate 3.82000 + 1.75%, or 5.57000%.  Non-Compliant SubPrime Loan.
[2] Federal Compliance - TRID Final Closing Disclosure Partial Payments: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Partial Payments. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
State Compliance - New York Subprime Home Loan Threshold Fixed Non-Compliant: Compliant NY Subprime Loan.
Federal Compliance - TRID Final Closing Disclosure Partial Payments: Page 4 of final CD did not disclose whether the loan allows for Partial Payments.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Cure of $5.00 was reflected, which is insufficient to cure Title - Services Sales Tax of $61.67.
REVIEWER - GENERAL COMMENT (2019-08-05): Timing exception cleared and XXXXXX Subprime exception downgraded to EV2 with comment that loan is compliant.
BUYER - WAIVED COMMENT (2019-08-05): waive
REVIEWER - GENERAL COMMENT (2019-08-07): Corrected Closing Disclosure received by AMC.  Letter of explanation to borrower still required to cure.
REVIEWER - CURED COMMENT (2019-08-07): AMC received the corrected PCCD and LOE.
BUYER - WAIVED COMMENT (2019-08-05): waive
State Compliance - New York Subprime Home Loan Threshold Fixed Non-Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Final Closing Disclosure Partial Payments: TILA - 1yr affirmative, Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
Borrower has been self-employed for the past 2 years as President of XXXX and has 15 years in the industry.

Minimal credit user with all accounts paid as agreed. No collection or public records.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 159 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
  BUYER - WAIVED COMMENT (2019-07-30): waive
BUYER - WAIVED COMMENT (2019-07-30): waive
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 156 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1             - A A A A A A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 161 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender acknowledged exception to allow Borrower's company, XXXX, in existence sinceXX/XX/XXXX16 months) vs. program requirement that the borrower must have been continually self-employed for two years REVIEWER - WAIVED COMMENT (2019-07-31): Client has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   BUYER - WAIVED COMMENT (2019-07-31): XXXXXX has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
Borrower has 1 open mortgage reporting 0x30x12 since inception. Credit history reflects paid as agreed since inception of earliest account opened 1/2008, except for one isolated 30 day late 11/2018. No public records

Borrower has been in the same line of business for past 20 years (Delicatessen)

Credit score is 746, 66 points > program requirement of 680

LTV is 59.701%, 30.299% < program maximum of 90%

Reserves are 46.76 months, 43.76 months > program requirement of 3 months
  - B B B B B B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 167 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 6.40320% is in excess of allowable threshold of Prime Mortgage Market Rate 3.39000% + 1.75%, or 5.14000%.  Compliant SubPrime Loan.   BUYER - WAIVED COMMENT (2019-07-31): XXXXXX has elected to waive this exception. State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.     - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 173 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1             - A A A A A A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 166 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $650.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7723)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: The final CD does not reflect an amount by which the fees exceeded the legal limit.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: The initial LE does not reflect a Survey fee yet the final CD shows a charge in the amount of $650.
BUYER - WAIVED COMMENT (2019-08-05): XXXXXX Elects to waive this exception.
BUYER - WAIVED COMMENT (2019-08-05): XXXXXX Elects to waive this exception.
BUYER - GENERAL COMMENT (2019-08-02): Survey fee of $750 is on the initial LE sec H as reuired by the purXXXXXX contract section 11.  Buyers responsibility to obtain a survey.
REVIEWER - GENERAL COMMENT (2019-08-05): AMC reviewed the exception. The Survey Fee was disclosed on section H on the LE indicating it is an optional service. Please provide COC if available if it was then required by lender. Please provide an attestation if it was then required by chosen provider. If it was an optional service the fee should be placed in section H with an LOE to cure.
BUYER - GENERAL COMMENT (2019-08-06): Please see attached - PCCD, LOE and Shipping Label
REVIEWER - CURED COMMENT (2019-08-07): Letter of Explanation, Proof of Delivery, and Corrected CD provided.  Survey Fee moved to Section H.  Cure check not required
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 163 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $53.18 exceeds tolerance of $50.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final CD page 3 in the section by which the total closing costs exceeded the legal limit indicates a cure of $3.18. Actual cure is $47.00.  No evidence in file that cure was provided to Borrower.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: $3.18 cure provided to the borrower at closing.
BUYER - WAIVED COMMENT (2019-08-05): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-05): XXXXXX has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 182 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:SecondaXX/XX/XXXX)
[2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - Self-Employed Tax Return Recency - ATR: Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX/Partnership)
[2] Federal Compliance - Self-Employed Tax Return Recency - ATR: Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX, Inc/S-Corp)
[2] Federal Compliance - Self-Employed Tax Return Recency - ATR: Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX/S-Corp)
[2] Federal Compliance - Self-Employed Tax Return Recency - ATR: Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX/Partnership)
[2] Federal Compliance - TRID Final Closing Disclosure Borrower Paid Loan Costs Total Section B: TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed Total Services Borrower Did Not Shop For (Section B) that does not match sum of fees. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Costs Subtotals Borrower Paid - Before Closing: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed Total Closing Costs (Paid by Borrower Before Closing) that does not match sum of fees. (FinXX/XX/XXXX)
Federal Compliance - Self-Employed Tax Return Recency - ATR: Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.
Federal Compliance - Self-Employed Tax Return Recency - ATR: Loan closedXX/XX/XXXX-  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.
Federal Compliance - Self-Employed Tax Return Recency - ATR: Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.
Federal Compliance - Self-Employed Tax Return Recency - ATR: Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.
Federal Compliance - TRID Final Closing Disclosure Borrower Paid Loan Costs Total Section B: Final CD moved fees from Borrower to Seller paid.  Did not change the total box for section B. Showing $4,916.60 when actual Borrower cost is $466.60
Federal Compliance - TRID Final Closing Disclosure Closing Costs Subtotals Borrower Paid - Before Closing: Final CD moved fees from Borrower to Seller paid.  Did not change the total box for section B. Showing $4,916.60 when actual Borrower cost is $466.60
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-13): XXXXXX has elected to waive this exception.
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - TRID Final Closing Disclosure Borrower Paid Loan Costs Total Section B: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Costs Subtotals Borrower Paid - Before Closing: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 171 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   BUYER - WAIVED COMMENT (2019-08-06): XXXXXX has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 175 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: New York Subprime Loan: APR on subject loan of 6.16460% is in excess of allowable threshold of Prime Mortgage Market Rate 3.63000% + 1.75%, or 5.38000%.  Compliant SubPrime Loan.   BUYER - WAIVED COMMENT (2019-08-08): waive State Compliance - New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.     - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 168 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow primary residence loan to close in name of LLC REVIEWER - WAIVED COMMENT (2019-08-07): Client has elected to waive this exception based on compensating factors. 1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for Property Tax under Prepaids. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: Line 4 of Section F, number of months is blank. BUYER - WAIVED COMMENT (2019-08-07): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-07): XXXXXX has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Prepaid Property Tax Months: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Credit score is 784, 64 points > program requirement of 720

Excellent payment history, no derogatory accounts

LTV is 58.824% < program maximum of 75%

Reserves are 34.77 months > program requirement of 6 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 176 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Allow use of LOE and Secretary of State document as proof of 100% business ownership by borrower vs program requirement of acceptable documentation to verify part of the business owned by the borrower REVIEWER - WAIVED COMMENT (2019-08-07): Client has elected to waive this exception based on compensating factors. 1       1 [1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $52.00 exceeds tolerance of $35.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520) Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Initial LE reflected a credit report fee of $35 yet the final CD shows a fee of $52.  Lender provided a $17 cure to the borrower at time of closing.     Credit score is 719, 39 points > program requirement of 680.

DTI is XX%, 24.311% < program maximum of 43%.

Re-established credits and no late payment since BK7 discharged in 9/2012.

Self-employed for the past 4 years as owner ofXXXX, with 27 years in profession.
  - B B B B B B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 191 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Demand Feature: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains a Demand Feature. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $330.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure Demand Feature: Page 4 of final CD did not select whether the loan contains a demand feature.
Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: Non Escrowed Property cost of Year 1 of $330.00 on final CD is incorrect. HOA dues per appraisal are $300 yearly.
BUYER - WAIVED COMMENT (2019-08-08): XXXXXX has elected to waive this exception.
BUYER - GENERAL COMMENT (2019-08-15): PCCD provided
REVIEWER - CURED COMMENT (2019-08-16): AMC received PCCD correcting non escrowed property costs and LOE. Exception Cured.
Federal Compliance - TRID Final Closing Disclosure Demand Feature: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Non Escrowed Property Costs Year 1: TILA - 1yr affirmative. Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 192 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 180 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 1 1       1       1             - B B B B B A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 178 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Origination Compensation disclosure not provided. Unable to determine if compensation was based on a term of the transaction BUYER - WAIVED COMMENT (2019-08-14): XXXXXX has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
12 months reserves >3 months guideline minimum

XX% DTI on this bank statement documentation loan < XX% guideline max - 43% below program guideline maximum
  - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 195 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - High Cost Indicator Test: Loan does not exceed any high cost thresholds, however, documentation indicating loan was originated as a high cost loan found in file. Federal Compliance - High Cost Indicator Test: Mavent report datedXX/XX/XXXXeflects as a high cost fail. BUYER - WAIVED COMMENT (2019-08-22): XXXXXX has elected to waive       - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 202 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Maximum Loan Amount discrepancy.: Note loan amount of $XXXX is greater than Guideline maximum loan amount of $3,000,000.00.
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of 5.30 is less than Guideline PITIA months reserves of 12.00.
Loan amount of $XXXX exceeds max of $3,000,000.  Approved Lender Exception in file.
XX months of reserves is insufficient to cover minimum of 12 months required per guidelines.
REVIEWER - WAIVED COMMENT (2019-08-16): Client has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-08-29): Client elects to waive the exception with verified compensation factors.
1       2 [2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX) Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: Missing evidence the initial appraisal datedXX/XX/XXXXas provided to the borrower. BUYER - WAIVED COMMENT (2019-08-28): XXXXXX has elected to waive   All tradelines show paid as agreed since earliest account inception date of 8/1998.

Borrower has been self-employed for the past  13 years as Vice President of  XXXX one of he largest US distributors of wireless devices, accessories and related products.

Credit score is 731, 31 points > program requirement of 700.

Purchase price is $XXXX  Waterfront Contemporary style home in the XXXX with views of XXXX and quite rural like atmosphere among many high end homes..
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 193 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 181 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Provided Prior to Date Performed: ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Miscellaneous Compliance - Paid To party cannot be determined on the Closing Disclosure. For compliance testing purposes, Paid To of Lender will be considered in lieu of UTD.: Date Issued: XX/XX/XXXX Title - Lender's Title Insurance
[2] Federal Compliance - TRID Invalid Section B Combinations: TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX)
Miscellaneous Compliance - Paid To party cannot be determined on the Closing Disclosure. For compliance testing purposes, Paid To of Lender will be considered in lieu of UTD.: Title - Lender's Title Insurance paid to party was left blank.
Federal Compliance - TRID Invalid Section B Combinations: Title - Lender's Title Insurance paid to party was left blank.
BUYER - WAIVED COMMENT (2019-08-23): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-22): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-21): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-21): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-08-21): XXXXXX has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Invalid Section B Combinations: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - D D D D D A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 186 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       2 [2] Appraisal Reconciliation - Appraisal is required to be in name of Lender: Valuation Type: Appraisal / Valuation Report Date: XX/XX/XXXX Allow the use of appraisal report with appraisal transfer letter that does not meet all XXXX Mortgage transfer requirement verbiage Lender will not provide anything further than what is currently documented.  Letter is missing borrower name, complete subject property address, Recovco address vs. program requirement that the appraisal transfer letter must meet XXXX guidelines.  Approved Lender Exception in file. REVIEWER - WAIVED COMMENT (2019-08-21): Client has elected to waive this exception based on compensating factors. 2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. $0.00 BUYER - WAIVED COMMENT (2019-08-22): XXXXXX elects to waive this exception. SM Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability. Borrower has been self employed for the past 27 years as the owner ofXXXX

Credit score is 812, 152 points > program requirement of 660.

One open mortgage reflects 0x30 since inception 2/2017.  Four closed mortgages reflect paid as agreed.  Perfect credit history since inception of earliest account opened 9/1991.  No public records.
  - C C C C C A A A A A B B B B B B B B B B B B B B B
XXXX 22NQM2 - 185 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow Co-Borrower XXXX to qualify with only one credit score vs program requirement of the lower score for Occupying Borrowers with 2 two valid credit scores. REVIEWER - WAIVED COMMENT (2019-08-22): Client has elected to waive this exception based on compensating factors. 1       1         17.73 months reserves > 3 months guideline minimum

XX% DTI < 50% guideline max

47.36XX% LTV < 85% guideline max

FICO is 705 > program requirement of 620

Perfect credit history since inception of earliest account opened 7/2017. No public records.
  - B B B B B B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 183 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%.
Allow funds for down payment coming from borrower's business account vs program requirement that if funds in a business or brokerage account have not been transferred to the Borrowers personal accounts, such funds may not ne included in down payment and closing costs.
Lender approved exception for DTI exceeding 50%
REVIEWER - WAIVED COMMENT (2019-08-21): Client has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-08-21): Client has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $600.00.  Insufficient or no cure was provided to the borrower. (7506)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $600.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $600.00, a cure of $70.00 was provided for this overage.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Cured at closing
BUYER - WAIVED COMMENT (2019-08-22): XXXXXX has elected to waive this exception
REVIEWER - WAIVED COMMENT (2019-08-21): Client has elected to waive this exception based on compensating factors.
BUYER - GENERAL COMMENT (2019-08-22): Please see Final CD section J reflects $70 lender credit to cure
REVIEWER - CURED COMMENT (2019-08-22): SitusAMC received required documents, exception is cured at closing.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Borrower has been self-employed for the past 6 years as the owner of XXXX

Credit score is 643, 3 points > program requirement of 640.

No public records. VOR reflects 0x30 since inception 3/15/18
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 184 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. Federal Compliance - ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing: Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. BUYER - WAIVED COMMENT (2019-08-22): XXXXXX has elected to waived this exception. Federal Compliance - ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing: There is generally no Assignee Liability.     - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 189 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   BUYER - WAIVED COMMENT (2019-08-27): XXXXXX has elected to waive this exception Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 188 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00. Lender approved exception to allow reserves to be waived with mortgage payment history of 12 months (0x30x12) vs program requirement of 24 month history (0x30x24) REVIEWER - WAIVED COMMENT (2019-08-27): Client has elected to waive this exception based on compensating factors. 1       1         XX%DTI < 43% guideline max,XX%below guideline maximum

62.53% LTV < 90% guideline max

718 representative FICO score > 680 guideline minimum

Borrower has been self-employed for the past 19 years as the Owner of XXXX, in the same line of business for the past 23 years.

One open mortgage reflects paid as agreed since 7/2018. No public records.
  - B B B B B B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 196 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] Miscellaneous - Credit Exception:
Allow funds for closing  to come from business account (due to transaction closing in LLC name) vs program requirement that funds for closing be transferred to borrowers personal bank account.
Allow subject to close in borrowers LLC (100% owner of XXXX) vs program requirement to close as a natural person.
REVIEWER - WAIVED COMMENT (2019-09-05): Client has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-09-05): Client has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/948967)
[2] Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $850.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7507)
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: rojected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 of $18,957.10 that does not match the actual total payment for the loan of $18,693.52.
Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids of $22,729.26 that does not match amount per month calculation of$25,892.28
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Cured at closing
BUYER - GENERAL COMMENT (2019-09-04): PCCD/LOX/Label uploaded.
REVIEWER - CURED COMMENT (2019-09-05): Letter of Explanation, Proof of Delivery, Corrected CD provided
BUYER - WAIVED COMMENT (2019-09-04): XXXXXX has elected to waive this exception.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Homeowner's Insurance Premium Months: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
113.32 months reserves > XX months guideline minimum

XX% DTI on this full documentation loan < 50% guideline max - XX% below program guideline maximum

Borrower has been self employed fr the past 3 years as Owner of XXXX

Credit score is 687, 7 points > program requirement of 680

LTV is 70%, 5% < program maximum of 75%.

Mortgage history with 1 active mortgage paid as a freed since an isolated 30 day late 5/2016 with no  other late payments since inception 3/2006. No public records
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 187 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[1] Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien: TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)
Federal Compliance - TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien: Additional CD provided is not final as issue date ofXX/XX/XXXX is prior to the signed date XX/XX/XXXX. BUYER - WAIVED COMMENT (2019-08-29): waive
BUYER - GENERAL COMMENT (2019-08-29): Uploaded PCCD that reflects seller paid fees
REVIEWER - GENERAL COMMENT (2019-08-30): Corrected Closing Disclosure,  LOE to borrower still required to cure
REVIEWER - CURED COMMENT (2019-08-30): Letter of Explanation & Corrected Closing Disclosure provided.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 138 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/949836)
Federal Compliance - TRID Final Closing Disclosure Assumption: The Note allows for assumption, but the final Closing Disclosure reflects assumption is not allowed.
Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: Final Closing Disclosure disclosed an Estimated Total Monthly Payment for Payment Stream 1 of $1,454.88; calculated Estimated Total Monthly Payment is $1,459.79. Difference is due to Hazard Insurance Policy reflects an annual premium of $1,305.98 or $108.83 per month however, Final Closing Disclosure disclosed the monthly premium as $103.92. Letter of Explanation to the borrowers, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable are required to cure this exception.
REVIEWER - WAIVED COMMENT (2019-08-30): Waive per client request.
BUYER - GENERAL COMMENT (2019-09-06): Please see pccd and delivery attached
REVIEWER - CURED COMMENT (2019-09-09): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission  not required to be re-opened as IEAD matched the Final CD
Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate: TILA - 1yr affirmative, 3yrs for rescindable transactions.  Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 199 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Other N/A 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure disclosure to applicant within three (3) business days of application or determination of first lien status.
  BUYER - WAIVED COMMENT (2019-09-10): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-09-10): XXXXXX has elected to waive this exception.
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely: There is generally no Assignee Liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 211 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%.
[2] Guideline Issue - Unacceptable assets were used for closing or reserves.
DTI of XX% exceeds max of 43% allowed per guides.  Lender did not include all taxes in DTI.
Lender acknowledged exception to allow Down payment and closing costs paid with borrower's business funds vs. program requirement that business funds used for down payment and or closing costs must be transferred to borrower's personal account.  Approved Lender Exception in file.
REVIEWER - GENERAL COMMENT (2019-09-06): No new information was provided ion trailing docs.
REVIEWER - WAIVED COMMENT (2019-09-19): Client elects to waive the exception with verified compensation factors
REVIEWER - WAIVED COMMENT (2019-09-05): Client has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.)
[2] Federal Compliance - TRID Home Loan Toolkit Timing: Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.
[1] Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $252.00 exceeds tolerance of $228.00 plus 10% or $250.80.  Sufficient or excess cure was provided to the borrower at Closing. (0)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of $12.00 exceeds tolerance of $10.00.  Sufficient or excess cure was provided to the borrower at Closing. (7579)
Federal Compliance - General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines: Loan failed ATR due to DTI of 43.289% exceeding max allowed of 43%.  Lender did not include all property taxes into DTI calculation.
Federal Compliance - TRID Home Loan Toolkit Timing: Provide initial disclosure.
Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: Total increase of fees in the amount of $252 exceeded the max 10% increase of $250.80.
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: Initial LE reflected Flood Cert fee of $10.00  increased to $12.00 without a valid change circumstance. Tolerance exceeded. No evidence cure was provided to borrower.
BUYER - GENERAL COMMENT (2019-09-05): 1907020243
REVIEWER - GENERAL COMMENT (2019-09-06): No new information was provided ion trailing docs.
BUYER - GENERAL COMMENT (2019-09-18): Please see uploaded exception
REVIEWER - WAIVED COMMENT (2019-09-19): Client elects to waive the exception with verified compensation factors
BUYER - WAIVED COMMENT (2019-09-18): XXXXXX has elected to waive
Federal Compliance - TRID Home Loan Toolkit Timing: TILA - 1yr affirmative. Borrower has 1 open mortgage paid as agreed since inception 7/2009.  No public records.

Borrower has been self-employed for the past 25 years as Owner of XXXX

Credit score is 733, 53 points > program requirement of 680.

Reserves are 9.33 months, 5.33 months > program requirement of 4 months.
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XXXX 22NQM2 - 209 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 1 1       1       1             - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 142 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%.
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Total cash-out discrepancy.: HUD-1 total cash-out of $XXXX is greater than Guideline total cash-out of $500,000.00.
Borrower was qualified with monthly asset depletion income of $XXXX that included the full balances of 2 IRA accounts however, the borrower is not 59 1/2 years-old and XXXX Full Doc guidelines allow only 60% of the current balance to be used for depletion. In addition, the depletion income was calculated over 36 months; the guidelines require assets to be depleted over 120 months. The verified asset depletion income is $XXXX, which results in a DTI of 72.XX%.
Borrowers received $XXXX total cash out at closing, which exceeds the Full Doc guideline maximum of $500,000.00. File is missing the lender's approved exception with verified compensating factors to allow the excessive cash out.
BUYER - GENERAL COMMENT (2019-09-13): Please see Underwriter Income Calculation attached.   Funds used from retirement accounts have been reduced to 60% prior to being used in Asset Depletion Calculation.
REVIEWER - WAIVED COMMENT (2019-09-27): Lender approved exception to allow the borrower's assets (including cash out proceeds) to be depleted over 36 months vs the guideline required 120 months for asset depletion income.
REVIEWER - WAIVED COMMENT (2019-09-27): Lender approved exception to allow $XXXX total cash out at closing, vs the guideline max of $500,000.00.
1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Total Payoffs and Payments. (FinXX/XX/XXXX)
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): Proof that revised appraisal was delivered to borrower was not provided.
Federal Compliance - TRID Final Closing Disclosure Closing Date: CD closing dateXX/XX/XXXXignedXX/XX/XXXXFederal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: Final CD reflects, yes, there was a change in payoffs. LE reflects $238,551 and Final CD reflects $238,551.27, difference only due to LE rounding.
REVIEWER - WAIVED COMMENT (2019-09-09): Waive per client request.
REVIEWER - WAIVED COMMENT (2019-09-09): Waive per client request.
REVIEWER - WAIVED COMMENT (2019-09-09): Waive per client request.
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative

Federal Compliance - TRID Final Closing Disclosure Without Seller Change - Total Payoffs: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
215.56 months reserves > 6 months guideline minimum - (reserves include cash out proceeds)

XX% DTI on this Full Doc documentation loan < 50.00% guideline max - XX% below program guideline maximum (DTI was calculated using 36 months for asset depletion vs the guideline required 120 months)
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 200 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Debt Consolidation N/A 1 1       1       1             - A A A A A A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 206 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.
  BUYER - GENERAL COMMENT (2019-09-12): Duplicate exception: Please remove
REVIEWER - GENERAL COMMENT (2019-09-12): Unable to clear or remove EV-2 compliance exceptions.
BUYER - WAIVED COMMENT (2019-09-16): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-09-12): XXXXXX has elected to waive this exception
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
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XXXX 22NQM2 - 201 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 1 1       1       1 [1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $519.00 exceeds tolerance of $495.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)           - C C C C C A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 177 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)
[2] Federal Compliance - TRID Revised Loan Estimate Timing Before Closing: TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on XX/XX/XXXX not received by borrower at least four (4) business days prior to closing. (InterXX/XX/XXXX)
Federal Compliance - TRID Revised Loan Estimate Timing Before Closing: Evidence revised LE received at least 4 business days prior to closing is not provided. BUYER - WAIVED COMMENT (2019-08-19): waive
BUYER - WAIVED COMMENT (2019-08-19): waive
BUYER - WAIVED COMMENT (2019-08-19): waive
REVIEWER - GENERAL COMMENT (2019-08-20): AMC received Disclosure Summary.  Document provided appears to be for the Revised Final LE issued on XXXXXX.  Please provide confirmation of receipt for the XXXXXX LE. Thanks
REVIEWER - GENERAL COMMENT (2019-08-20): Regraded to EV2-B based on the final LE being received at least 4 days prior to consummation, prior LE received less than 4 days from consummation.
BUYER - WAIVED COMMENT (2019-08-21): waive
Federal Compliance - ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File): There is generally no Assignee Liability.

Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Timing Before Closing: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
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XXXX 22NQM2 - 190 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   BUYER - WAIVED COMMENT (2019-09-06): XXXXXX has elected to waive this exception. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 139 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Investor qualifying total debt ratio discrepancy.: Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%.
[2] Mortgage / Program Eligibility - Guideline Requirement: Loan to value discrepancy.: Calculated loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 85.00000%.
Per XXXX Income Calculation Analysis, the borrowers were qualified with personal bank statement income of $XXXX split between both borrowers that was noted to be derived from XXXX checking account #XXXX. However, the file only contains 4 months of statements for this account. The file does contain 12 months of personal statements for XXXX  accounts XXXX , which results in a qualifying income of $XXXX and a DTI of XX%.
Subject purchase loan closed with an LTV of 90.00%, which exceeds the Bank Statement guideline maximum LTV of 85.00% for  borrowers with a qualifying FICO score of XXX. File is missing a lender approved exception with verified compensating factors to allow the higher LTV.
BUYER - GENERAL COMMENT (2019-09-06): XXXXXX Statement have not been used in qualifying income.   See box on right side of UW Income Calculation Analysis.
REVIEWER - GENERAL COMMENT (2019-09-19): Received duplicate April, March and February XX statements and 4 additional statements for XXXXXXl XXXXXX for a total of 7 months personal statements. Guidelines require 12 months. Still missing XXXXXX XXXXXX statements for September XX, August XX, July XX, June XX, May XX and May XX.

Upon receipt of the missing bank statements, additional conditions may apply.
REVIEWER - WAIVED COMMENT (2019-09-27): Lender approved exception to allow only 7 months of personal statements for the borrower's bank statement income when the guidelines require 12 months.
REVIEWER - WAIVED COMMENT (2019-09-19): Lender approved exception to allow an LTV of 90% which exceeds the guideline max LTV of 85%.
1       2 [2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Federal Compliance - TRID Final Closing Disclosure Assumption: The ARM Rider indicates Assumable, and the CD reflects not Assumable. REVIEWER - WAIVED COMMENT (2019-09-03): Waive per client request. Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability. XX% DTI on this Bank Statement documentation loan < 50.00% guideline max - XX% below program guideline maximum

Borrowers have residual income of $XXXX

Housing payment history clean for 22 months vs guideline requirement of 12 months
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 197 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Rate/Term Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator disclosure not provided. Unable to determine if compensation was based on a term of the transaction BUYER - WAIVED COMMENT (2019-09-10): waive Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 198 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] Credit Calculation / Analysis - Guideline Requirement: Representative FICO score discrepancy.: Representative FICO score of XXX is less than Guideline representative FICO score of 680.
Lender acknowledged exception: Allow funds for down payment and closing costs coming from borrowers business accounts vs program requirement that if funds in a business bank or brokerage account have not been transferred to the borrowers person accounts, such funds may not be included in down payment and closing funds. REVIEWER - WAIVED COMMENT (2019-09-05): Client has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-09-05): Client has elected to waive this exception based on compensating factors.
1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX019)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX019)
[1] Federal Compliance - TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $854.00 exceeds tolerance of $736.00 plus 10% or $809.60.  Sufficient or excess cure was provided to the borrower at Closing. (0)
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received.
Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received
BUYER - WAIVED COMMENT (2019-09-06): waive
BUYER - WAIVED COMMENT (2019-09-06): waive
BUYER - WAIVED COMMENT (2019-09-06): waive
BUYER - WAIVED COMMENT (2019-09-06): waive
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
DTI is XX% 29.XXX2XX% < program maximum of 50%

No public records, one closed mortgage reflects paid as agreed

Reserves are 110% of the loan amount + 207 months ($XXXXtotal reserves), 200 months > program requirement of reserves of 110% of the loan amount + 7 months (6 months + 1 additional month for additional investment property owned)
  - D D D D D B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 213 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Miscellaneous - Credit Exception:
[2] Miscellaneous - Credit Exception:
Lender approved exception for use ot USCIS issued employment Authorization instead of VISA
Allow use of EMD $XXXX directly from borrowers business account vs program requirement that if funds in a business bank account  such funds may not be included in down payment or closing funds
REVIEWER - WAIVED COMMENT (2019-09-18): Client has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2019-09-18): Client has elected to waive this exception based on compensating factors.
1       2 [2] State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: New York Subprime Loan: APR on subject loan of 7.25780% or Final Disclosure APR of 7.28300% is in excess of allowable threshold of Prime Mortgage Market Rate 3.60000 + 1.75%, or 5.35000%.  Compliant SubPrime Loan.
[2] Federal Compliance - TRID Home Loan Toolkit Provided: Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant.
Federal Compliance - TRID Home Loan Toolkit Provided: Borrower did not receive a copy of Your Home Loan Toolkit Disclosure BUYER - WAIVED COMMENT (2019-09-19): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-09-19): XXXXXX has elected to waive this exception.
State Compliance - New York Subprime Home Loan Threshold Fixed Compliant: A violation of the subprime home loan provisions may be asserted by a borrower as a defense in any action by a lender or assignee to enforce a loan against a borrower in default more than sixty days or in foreclosure. Any person found to have violated the provisions shall be liable to the borrower of a subprime home loan for actual damages. The subprime home loan provisions do not otherwise appear to impose any civil liability on an assignee.

Federal Compliance - TRID Home Loan Toolkit Provided: TILA - 1yr affirmative.
XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

686 representative FICO score > 640 guideline minimum - 46 points above guideline minimum

Borrower has been self-employed for the past 4 years as the Owner of XXXX), in the same line of business for the past 10 years

VOR reflects paid as agreed since inception 7/2017. No public records
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 149 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Purchase N/A 1 1       1       1             - A A A A A A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 145 XXXX XXXX $XXXX XX XX/XX/XXXX Investment Refinance Cash-out - Other N/A 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 6.00. Verified reserves of XX  are insufficient to cover the guideline required reserves of 6 months. XXXX Income Calculation Analysis noted an exception was required for reserves. However file is missing the lender approved exception with verified compensating factors to allow less than the required 6 months of reserves. BUYER - GENERAL COMMENT (2019-09-17): Please clarify exception.   Worksheet reflects income of $XXXX with expenses at $XXXX for primary residence and $XX for liabilities resulting in XX/XX% ratios.  XXXXXX has positive cash flow of $XXX using current lease agreement for gross rents and applying to Schedule E for expenses and depreciation. (See Page 2 of attachment).    $XXX positive cash flow from REO is not used in qualifying income.
REVIEWER - WAIVED COMMENT (2019-10-04): Lender approved exception to allow XX months reserves when the guidelines require 6 months.
1       1         Borrower has residual income of $XXXX

Housing payment history clean for 52 months
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 140 XXXX XXXX $XXXX XX XX/XX/XXXX Second Home Purchase Non QM 2 2 [2] Credit Calculation / Analysis - Missing Document: Alternative Credit Documentation not provided File contains an e-mail from the Broker that states an internet fee, electricity and test message fee are included as part of the phone bill however, 24 month verification of the phone bill was not provided. In addition, file contains a 12-month bank statement printout that was translated from Chinese to US dollars however, the printout does not verify account ownership and any payments reflected on this printout cannot be verified as belonging to the borrower. BUYER - GENERAL COMMENT (2019-09-18): please see exception
REVIEWER - GENERAL COMMENT (2019-09-27): Received a lender exception to waive the foreign national credit report requirement. However, the guidelines require 3 credit reference letters translated to English to verify a 24-month history for each account, if a foreign national credit report is not obtained.

If XXXXXX is also waiving the 3 credit reference letters, then the exception must state that. Exception remains.
BUYER - GENERAL COMMENT (2019-09-27): please see exception
REVIEWER - WAIVED COMMENT (2019-09-27): No credit references were provided for the foreign national borrower. Lender approved exception to waive the foreign national alternative credit documentation as required by XXXXXX foreign national guidelines.
1       2 [2] Federal Compliance - FACTA Disclosure Missing: FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - FACTA Disclosure Missing: Not applicable.
Federal Compliance - TRID Final Closing Disclosure Assumption: Non-Assumability Rider to the Note was not provided at the time of audit review.
Federal Compliance - TRID Final Closing Disclosure Closing Date: Consumer(s) Final CD disclosed Closing Date XX/XX/XXXX, however consummation took place on XX/XX/XXXX as indicated by wet signature(s).
REVIEWER - WAIVED COMMENT (2019-09-05): Waive per client request.
REVIEWER - WAIVED COMMENT (2019-09-04): Waive per client request.
REVIEWER - WAIVED COMMENT (2019-09-04): Waive per client request.
Federal Compliance - FACTA Disclosure Missing: There is no Assignee Liability.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
XX%DTI on this Full documentation loan < 50.00% guideline max - XX%below program guideline maximum

Borrower has residual income of $XXXX
  - D D D D D B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 164 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - RESPA -  Initial Escrow Account statement Inaccurate: RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)
Federal Compliance - RESPA -  Initial Escrow Account statement Inaccurate: The Inital Escrow statement shows and initial deposit of $5821.64, and monthly payments of $957.80. The Final CD has the initial deposit as $5,744.54, and monthly payments of $973.22.
Federal Compliance - TRID Final Closing Disclosure Assumption: The note contains assumption language, and the Final CD indicates the loan is not assumable.
Federal Compliance - TRID Final Closing Disclosure Closing Date: The closing date listed on the final CD isXX/XX/XXXXand the loan closed on XX/XX/XXXX.
REVIEWER - WAIVED COMMENT (2019-10-10): Waived at client request
REVIEWER - WAIVED COMMENT (2019-10-10): Waived at client request
REVIEWER - WAIVED COMMENT (2019-10-10): Waived at client request
Federal Compliance - RESPA -  Initial Escrow Account statement Inaccurate: RESPA (Sections 4 and 5) contains no explicit assignee liability provisions within the statute or implementing regulation, Regulation X, for these type of violations.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Final Closing Disclosure Closing Date: TILA - 1yr affirmative
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 210 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: Initial closing disclosure was electronically received prior to the assume date of the final revised loan estimate BUYER - WAIVED COMMENT (2019-09-23): XXXXXX has elected to waive this exception. Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.     - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 204 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 1 1       1       1 [1] Federal Compliance - TRID Final Closing Disclosure Property Value: TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (FinXX/XX/XXXX)
[1] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $519.00 exceeds tolerance of $505.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)
Federal Compliance - TRID Final Closing Disclosure Property Value: Final CD indicates value at $500,000. Appraisal and Desk Review indicate value at  $635,000 REVIEWER - CURED COMMENT (2019-09-23): Letter of Explanation & Corrected Closing Disclosure provided. Federal Compliance - TRID Final Closing Disclosure Property Value: TILA - 1yr affirmative     - B B B B B A A A A A A A A A A A A A A A A A A A A
XXXX 22NQM2 - 208 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 1       1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - TIL Higher Priced Mortgage Loan Safe Harbor: TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.
[2] Federal Compliance - TRID Final Closing Disclosure Assumption: TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX)
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Missing evidence borrower was provided the LO Compensation Disclosure at time of application.
Federal Compliance - TRID Final Closing Disclosure Assumption: Page 4 of the final CD reflects Assumption is allowed yet the Note does not include assumption verbiage.
BUYER - WAIVED COMMENT (2019-09-23): XXXXXX Elects to waive this exception.
BUYER - WAIVED COMMENT (2019-09-23): XXXXXX Elects to waive this exception.
BUYER - WAIVED COMMENT (2019-09-23): XXXXXX Elects to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Final Closing Disclosure Assumption: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.
    - B B B B B A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 207 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:SecondaXX/XX/XXXX)
[2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
  BUYER - WAIVED COMMENT (2019-09-20): XXXXXX has elected to waive this exception.
BUYER - WAIVED COMMENT (2019-09-20): XXXXXX has elected to waive this exception.
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.
    - C C C C C A A A A A B B B B B A A A A A B B B B B
XXXX 22NQM2 - 212 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Refinance Cash-out - Other Non QM 2 2 [2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: Loan amount discrepancy.: Note loan amount of $XXXX exceeds Guideline loan amount of .
[2] Guideline Issue - LTV/CLTV <= 5%
Lender acknowledged exception to allow loan amount of $XXXX vs program maximum of $3,000,000
Lender acknowledged exception to allow LTV of 74.545% vs. program maximum of 70%
REVIEWER - WAIVED COMMENT (2019-09-12): Client elects to waive with compensating factors
REVIEWER - RE-GRADED COMMENT (2019-09-12): Client elects to waive with compensating factors
REVIEWER - WAIVED COMMENT (2019-09-17): Client elects to waive with compensating factors
1       2 [2] Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.
[2] Federal Compliance - Self-Employed Tax Return Recency - ATR: Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (Harris,Neil Neil Patrick Harris, Inc/S-Corp)
[2] Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX019)
Federal Compliance - Self-Employed Tax Return Recency - ATR: Personal tax returns provided are not the most recent. Application Date XX/XX/XXXX, Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. BUYER - WAIVED COMMENT (2019-09-17): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-09-17): XXXXXX has elected to waive
BUYER - WAIVED COMMENT (2019-09-17): XXXXXX has elected to waive
Federal Compliance - Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.: Assignee Liability:  Civil actions that may be brought against a creditor may be maintained against any assignee only if the violation is apparent on the face of the disclosure or other documents assigned, except where the assignment was voluntary.  This civil liability may include $4,000, in the case of an individual transaction, or the lesser of $500,000 or 1% of the creditor's net worth in the case of a class action (effectiveXX/XX/XXXXthis amount increases to the lesser of $XXXX,000 or 1%), as well as actual damages, court costs, and attorneys' fees.  For an anti-steering violation, the creditor may also be liable in an amount equal to the sum of all finance charges and fees paid by the consumer, unless the creditor demonstrates the failure to comply is not material.  Notwithstanding any other provision of law, when a creditor, assignee, or other holder or anyone acting on behalf of the creditor, assignee, or holder, initiates a judicial or nonjudicial foreclosure of the residential mortgage loan, or any other action to collect the debt in connection with such loan, a consumer may assert a violation as a matter of defense by recoupment or set off without regard for the time limit on a private action for damages.
EffectiveXX/XX/XXXX in addition to the aforementioned, the individual Loan Originator could be liable for statutory damages. The maximum liability is the greater of actual damages or 3 times the loan originator's compensation or gain, plus the cost to the consumer of the action. The Dodd-Frank Act extended the statute of limitations on TILA violations to 3 years from the date of the violation.

Federal Compliance - TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
Guideline variance approved by lender at time of origination.  Reserves are 278 months and program requirement of 12 months

Guideline variance approved by lender at time of origination. Borrower has been a self-employed successful mainstream actor for the past 25 years including the role of "XXXX" on the television series of the same name and "XXXX" on the television series "XXXX"

Guideline variance approved by lender at time of origination. Credit score is 786, 66 points > program requirement of 720

Guideline variance approved by lender at time of origination. Two open mortgages reflect 0x30 since inception of earliest opened 12/2015. 7 closed mortgages reflect paid as agreed. Perfect credit history since inception of earliest account opened 5/1999. No public records.
  - C C C C C B B B B B B B B B B A A A A A B B B B B
XXXX 22NQM2 - 205 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 2 [2] Insurance Analysis - The Hazard Insurance Policy effective date is after the Transaction Date.: Hazard Insurance Policy Effective Date XX/XX/XXXX, Transaction Date:  XX/XX/XXXX Hazard Insurance Policy Effective Date XX/XX/XXXX, Transaction Date:  XX/XX/XXXX REVIEWER - GENERAL COMMENT (2019-09-13): Provide a certified copy of the Final Settlement Statement to confirm actual disbursement date.
BUYER - GENERAL COMMENT (2019-09-27): This file does not include a HUD-1 to be certified.

Transaction was as owner occupied.

CD was included in original upload.
REVIEWER - GENERAL COMMENT (2019-09-30): No additional information provided in trailing docs.
REVIEWER - GENERAL COMMENT (2019-09-30): Effective dateXX/XX/XXXXs after consummation date 8/XX19. Please provide a corrected HOI policy.
BUYER - GENERAL COMMENT (2019-10-01): Uploaded For Review: Exception for Effective Date of HOI after closing.
No Claims Attestation.
Disaster Report confirming no damage to subject.
REVIEWER - WAIVED COMMENT (2019-10-02): Client elects to waive the exception with verified compensation factors
1       1         102.38 months reserves > 3 months guideline minimum by 99.38 mon

XX%DTI on this J8 documentation loan < 50% guideline max - XX%below program guideline maximum

CDAIR in file with inspection date of XX/XX/XXXX showing no damage.

LTV is 80%, 5% < program maximum of 85%
  - C C C C C B B B B B A A A A A A A A A A B B B B B
XXXX 22NQM2 - 203 XXXX XXXX $XXXX XX XX/XX/XXXX Primary Purchase Non QM 2 1       1       2 [2] Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $795.00 exceeds tolerance of $600.00.  Sufficient or excess cure was provided to the borrower. (7506)
[2] Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $795.00 exceeds tolerance of $600.00.  Insufficient or no cure was provided to the borrower. (7506)
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing
Federal Compliance - TRID Zero Percent Tolerance Violation With Sufficient Cure Provided: Letter of Explanation and Corrected CD received.  Cure check for $195 and Proof of delivery still required to cure.
Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $795.00 exceeds tolerance of $600.00.  Missing proof of valid change, insufficient or no cure was provided to the borrower.
BUYER - GENERAL COMMENT (2019-09-17): Uploaded For Review-PCCD-LOX-Label
BUYER - GENERAL COMMENT (2019-09-17): Uploaded For Review-LOX-Label-Check-PCCD
REVIEWER - GENERAL COMMENT (2019-09-19): Letter of Explanation and Corrected CD received.  Cure check for $195 and Proof of delivery still required to cure.
REVIEWER - CURED COMMENT (2019-09-19): Letter of Explanation & Corrected Closing Disclosure provided
REVIEWER - CURED COMMENT (2019-09-20): AMC received refund check. Exception Cured.
BUYER - GENERAL COMMENT (2019-09-17): Uploaded For Review-PCCD-LOX-Label
REVIEWER - GENERAL COMMENT (2019-09-19): Letter of Explanation and Corrected CD received.  Cure check for $195 and Proof of delivery still required to cure.
BUYER - GENERAL COMMENT (2019-09-19): Uploaded For Review: Label & Check.
Please note that the check is not a separate upload, it is attached to Label
REVIEWER - CURED COMMENT (2019-09-20): AMC received refund check. Exception Cured.
Federal Compliance - TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits: TILA - 1yr affirmative,  Unlimited as a defense to foreclosure. Assignee liability.

Federal Compliance - TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided: TILA - 1yr affirmative.  Unlimited as a defense to foreclosure. Assignee liability.
    - C C C C C A A A A A B B B B B A A A A A B B B B B

 

 
 

                                                                       
Exception Grades                                                                    
Customer loan ID Edgar Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade Exception Level Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade
Overall
Final Loan Grade
Credit
Initial Loan Grade
Credit
Final Loan Grade
Compliance
Initial Loan Grade
Compliance
Final Loan Grade
Property
Initial Loan Grade
Property
Final Loan Grade
Originator QM ATR Status TPR QM ATR Status Is Curable
XXX 22NQM2 - 113 XXXX   11707675 XXXX XX/XX/XXXX  12:49:05 AM Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Per Guidelines page 27/35 -  VOR paid as agreed for most recent 12 months is required. Job stability - 17 years, $XXXXresidual income, 26 months reserves, 690 FICO.     Reviewer Comment (2019-05-05): Waived by client w/ comp factors noted


Reviewer Comment (2019-05-05): Seller provided 3rd party verification of self employment, however the VOR was not provided.  Exception remains.


Buyer Comment (2019-05-05): Attached is CPA letter for exception ID 1847142 - Exception:  Ability to Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship employment status using reasonably reliable third-party records. (XXXX/Schedule C)


Reviewer Comment (2019-05-05): Seller provided bank statements to show monthly payments were made, however there is no evidence in bank statements that funds were paid for rent.  Additionally, not all statements include a $4000 wire out.  Cancelled checks would be sufficent to support a non-institutional VOR, but in this case do not verify sufficiently on their own.  A VOR is still required.  Exception remains.


Buyer Comment (2019-05-05): Seller:   Attached are 11 months bank statements (08/2014 thru 07/2015) with XXXX #XXX showing electronic debit to XXXX Wire Out - Dom of XXX for monthly rental.  April 2015 statements shows April & May were paid at the beginning and end of the month.  This should cure this exception.
    XX/XX/XXXX  8:08:49 AM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 113 XXXX   11707676 XXXX XX/XX/XXXX  12:49:05 AM Compliance Loan Package Documentation Closing / Title Loan Package Documentation (Doc Error) TIL Error: Final TIL not signed by all required parties           Buyer Comment (2019-05-05): SGCP considers informational non-material
    XX/XX/XXXX  1:26:59 PM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 113 XXXX   11707685 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance RESPA RESPA (2010) -   GFE Settlement charges Good Thru Date Less than 10 Days RESPA (2010):  GFE does not provide minimum ten (10) business day availability for estimate of charges and terms for all other settlement charges.         Buyer Comment (2019-05-05): SGCP considers informational non-material
    XX/XX/XXXX  1:27:17 PM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 105 XXXX   11707728 XXXX XX/XX/XXXX  12:49:05 AM Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: AUS not provided     814 representative FICO score > 660 guideline minimum - 154 points above guideline minimum     Reviewer Comment (2019-05-05): Client elects to waive.
    XX/XX/XXXX  9:47:31 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
XXX 22NQM2 - 106 XXXX   11707789 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.83680% or Final Disclosure APR of 5.83800% is in excess of allowable threshold of APOR 3.46% + 1.5%, or 4.96000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-05): EV1: Compliant HPML acceptable to client guidelines.
    XX/XX/XXXX  3:54:55 PM 1 A XX/XX/XXXX CT Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 106 XXXX   11707794 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance State Compliance State HPML Connecticut HB5577 NP Threshold Test Fixed Loans Connecticut Non-Prime Home Loan: APR on subject loan of 5.83680% or Final Disclosure APR of 5.83800% is in excess of allowable threshold of APOR 3.46% + 1.5%, or 4.96000%.  Compliant Loan.         Buyer Comment (2019-05-05): Connecticut Non-Prime Home Loan allowed per SG program.  Non-material.
    XX/XX/XXXX  10:13:36 AM 1 A XX/XX/XXXX CT Primary Refinance - Cash-out - Other Within 90 days of closing, and prior to the commencement of any action against a lender, the borrower is notified of the violation and the lender makes appropriate restitution by either:
(a) making the nonprime home loan comply with the applicable provisions of the law; or
(b) changing the terms of the mortgage in a manner beneficial to the borrower so that the mortgage will no longer be considered a nonprime home loan;

Provide: Letter of Explanation and either:  For option (a), proof of cure for each of the prohibited practice violations noted; or For option (b), a copy of refund check and proof of mailing.

OR

(Narrow Defense - CHD Approval Required)  The lender is able to show by a preponderance of evidence (no timeframe noted) that the compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid such errors.  Provide:  (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made and (ii) the lender has not received any notice from borrower of the failure; (2) refund of amount over the Non-Prime Home Loan  threshold maximum; and (3) proof of delivery.

OR

The lender and borrower otherwise reach a mutual agreement on an appropriate remedy or curative action.
C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 106 XXXX   11707805 XXXX XX/XX/XXXX  12:49:05 AM Credit Credit Miscellaneous Guideline Credit Exception:   Most recent 2 months bank statements need to be pulled directly from financial institution by originator or be certified true by bank officer. 10 months reserves > 3 months guideline minimum

Borrower has owned the subject property for 20 years

Borrower's overall monthly debt payment decreased by 28.1XX% per month with this refinance

Borrower has employment stability for 14 years in Day Care

798 representative FICO score > 620 guideline minimum - 178 points above guideline minimum
    Reviewer Comment (2019-05-05): Client elects to waive.


Reviewer Comment (2019-05-05): Bank statements provided by borrower do not meet guideline requirement set in the exception.  Must be pulled by originator or certified true by bank officer.


Buyer Comment (2019-05-05): please see bank statements provided by client
    XX/XX/XXXX  11:16:26 AM 2 B XX/XX/XXXX CT Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 108 XXXX   11707764 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.19700% or Final Disclosure APR of 6.23100% is in excess of allowable threshold of APOR 3.20% + 1.5%, or 4.70000%.  Compliant Higher Priced Loan.         Buyer Comment (2019-05-05): Fed HPML allowed by SG Capital
    XX/XX/XXXX  1:35:11 PM 2 B XX/XX/XXXX CA Primary Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 108 XXXX   11707765 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 6.19700% or Final Disclosure APR of 6.23100% is in excess of allowable threshold of APOR 3.20% + 1.5%, or 4.70000%.  Compliant Higher Priced Loan.         Buyer Comment (2019-05-05): California HPML allowed per SG program
    XX/XX/XXXX  1:35:48 PM 2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 108 XXXX   11707768 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Signature/Notary date is XX/XX/XX, Final CD discloses a Closing date of XX/XX/XX.       Reviewer Comment (2019-05-05): Data correct on subsequent CDs (SFIG).


Reviewer Comment (2019-05-05): Unable to locate Final CD in uploads.


Reviewer Comment (2019-05-05): No corrected CD provided that reflects 10/8 closing date.


Buyer Comment (2019-05-05): Final CD
  XX/XX/XXXX  5:14:19 PM   1 A XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
XXX 22NQM2 - 108 XXXX   11707782 XXXX XX/XX/XXXX  12:49:05 AM Credit Asset Asset Documentation Asset Assets Error: Accounts are missing   Verification that funds have been liquidated is required for XXXX.  $XXX included in the asset calculations for now.  Reserves and cash to close amounts subject to change.  Also missing second month's statement for accounts #XXX and XXX. XX% DTI, job stability - 11 years, $XX rssidual income     Reviewer Comment (2019-05-05): Waived by client w/ comp factors


Reviewer Comment (2019-05-05): Missing source of $XXX received on 10/11.  XXXX is not listed in submission file.


Buyer Comment (2019-05-05): Asset docs
    XX/XX/XXXX  2:24:12 PM 2 B XX/XX/XXXX CA Primary Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 108 XXXX   11707797 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX) Seller CD in file is estimated.       Reviewer Comment (2019-05-05): No Seller CD found in uploads.


Reviewer Comment (2019-05-05): Seller CD provided is estimated.


Buyer Comment (2019-05-05): seller CD
    XX/XX/XXXX  1:35:37 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
XXX 22NQM2 - 108 XXXX   11707802 XXXX XX/XX/XXXX  12:49:05 AM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 12.00. Allowing for unsourced wire of $XXX, amount is less than the $XXX file originally listed in submission package.  Reserves are short. XX% DTI, job stability - 11 years, $XX rssidual income     Reviewer Comment (2019-05-05): Waived by client w/ comp factors


Buyer Comment (2019-05-05): Investment in XXXX verified with 3rd party records
    XX/XX/XXXX  2:24:21 PM 2 B XX/XX/XXXX CA Primary Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 107 XXXX   11707898 XXXX XX/XX/XXXX  12:49:05 AM Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Borrower's ATR Certification not provided. Borrower has a disposable income of $XXXX

28 months of reserves

34% DTI < 43% guideline max
    Reviewer Comment (2019-05-05): As for the ATR Cert, please waive with compensating factors:


Reviewer Comment (2019-05-05): ATR Cert must be executed by borrowers.


Buyer Comment (2019-05-05): ATR Certification
    XX/XX/XXXX  2:41:26 PM 2 B XX/XX/XXXX OR Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 107 XXXX   11707902 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for (Translation Services fee) of ($736.62) was not provided.       Reviewer Comment (2019-05-05): Corrected on PC CD, along with refund and LOE, curing exception.


Buyer Comment (2019-05-05): LOE and proof of shipping have been uploaded


Buyer Comment (2019-05-05): PCCD attached.
  XX/XX/XXXX  3:01:22 PM   2 B XX/XX/XXXX OR Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 107 XXXX   11707904 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are greater than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $12,201.23, while closing CD seller's fees total $8326.23.       Buyer Comment (2019-05-05): Non-material, CD disclosed only seller paid fees paid on behalf of borrower
    XX/XX/XXXX  9:32:21 AM 1 A XX/XX/XXXX OR Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 107 XXXX   11707908 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided. Cure for (Translation Services fee) of ($736.62) was not provided.       Reviewer Comment (2019-05-05): Corrected on PC CD, along with refund and LOE, curing exception.
  XX/XX/XXXX  3:01:41 PM   2 B XX/XX/XXXX OR Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 107 XXXX   11707909 XXXX XX/XX/XXXX  12:49:05 AM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Translation Services.  Fee Amount of $1,704.62 exceeds tolerance of $968.00. (7543) Fee disclosed as ($968.00) on (LE dated XX/XX/XXXX but disclosed as ($1704.62) on Final Closing Disclosure.       Reviewer Comment (2019-05-05): Corrected on PC CD, along with refund and LOE, curing exception.


Reviewer Comment (2019-05-05): Seller provided PC CD, refund and shipping evidence, however the PC CD was not properly corrected.  Bottom line of page 2 lender credits should reflect a tolerance refund on far left and top of page 3 calculating cash to close section total closing costs should reflect the amount exceeding the legal limit.
  XX/XX/XXXX  3:01:56 PM   2 B XX/XX/XXXX OR Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 109 XXXX   11707951 XXXX XX/XX/XXXX  12:49:16 AM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX) Seller CD reflects $27,016.  Borrower's CD reflects $27,016 + $499 paid before closing.       Buyer Comment (2019-05-05): Non-material, Borrower's CD reflects only seller paid fees paid on behalf of borrower
    XX/XX/XXXX  9:41:29 AM 1 A XX/XX/XXXX AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A B A A A Non QM Non QM Yes
XXX 22NQM2 - 109 XXXX   11707952 XXXX XX/XX/XXXX  12:49:16 AM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.72500% or Final Disclosure APR of 6.72700% is in excess of allowable threshold of APOR 3.27% + 1.5%, or 4.77000%.  Compliant Higher Priced Mortgage Loan. Verified fees were input correctly.       Reviewer Comment (2019-05-05): EV1: Compliant Federal HPML, allowable by client.
    XX/XX/XXXX  4:42:07 PM 1 A XX/XX/XXXX AZ Primary Purchase   C A C A B A A A Non QM Non QM No
XXX 22NQM2 - 110 XXXX   11707984 XXXX XX/XX/XXXX  12:49:18 AM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) Report date XX/XX/XXXX Effective date XX/XX/XXXX Provided date 11/16/16.       Buyer Comment (2019-05-05): Non-material, the original appraisal was singed and completed on Nov 13th and provided to borrower on 11/16.  Appraisal revision did not impact Value.


Reviewer Comment (2019-05-05): Seller response indicates borrower was provided an initial copy of appraisal report, however borrower is entitled to final report.  Please provide evidence appraisal used as final in file dated XX/XX/XXXX was received after report date and at least 3 days prior to closing as no 3 day waiver is present in file to clear the exception.


Buyer Comment (2019-05-05): The original appraisal was signed and completed in Nov 13th.
The reason that the date of signature changes is that the appraiser updates his signature date any time a revision is made.  Often times there are revisions requested in underwriting.  So the timing of delivery is actually correct because that is when the original appraisal was completed.
    XX/XX/XXXX  9:58:37 AM 2 B XX/XX/XXXX TX Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 110 XXXX   11707985 XXXX XX/XX/XXXX  12:49:18 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) Disclosure reflects TIP of (125.27XX%) but calculated TIP is (123.09XX%).   Unable to determine index value used by lender.  Used Index Value = (1.6456%) for testing.       Buyer Comment (2019-05-05): Non-material, TIP over disclosed.


Reviewer Comment (2019-05-05): Seller provided compliance report verifying index of 1.646% was used for qualification.  Unable to further determine cause of discrepancy.  AMC calc used 60 payments@XXX, 299@XXX, 1@XXX for total of $XXXX.  After deducting loan amount of $XXXX and adding per diem interest of $XXXX, total interest paid is $XXXX/loan amount $XXX=XXX%.  Exception remains.


Buyer Comment (2019-05-05): please see client's compliance report
    XX/XX/XXXX  9:59:30 AM 2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 110 XXXX   11707986 XXXX XX/XX/XXXX  12:49:18 AM Compliance Compliance Federal Compliance TILA ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.         Buyer Comment (2019-05-05): SG approves, Borrower received ToolKit and Charm Booklet as well as LE and CD which all outline ARM componets/features/terms during the origination process.


Reviewer Comment (2019-05-05): Seller providedXX/XX/XXXX disclosure, however the ARM disclosure must be within 3 days of XX/XX/XXXX, when loan was redisclosed as ARM product.  Exception remains.


Buyer Comment (2019-05-05): ARM disclosure attached
    XX/XX/XXXX  10:03:18 AM 2 B XX/XX/XXXX TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 110 XXXX   11707987 XXXX XX/XX/XXXX  12:49:18 AM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.14950% or Final Disclosure APR of 6.26300% is in excess of allowable threshold of APOR 3.24% + 2.5%, or 5.74000%.  Compliant Higher Priced Mortgage Loan. Verified fees were input correctly.       Reviewer Comment (2019-05-05): Compliant HPML acceptable to client, EV1
    XX/XX/XXXX  4:30:03 PM 1 A XX/XX/XXXX TX Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 110 XXXX   11707988 XXXX XX/XX/XXXX  12:49:18 AM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are greater than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX) Seller's CD reflects $65,205.40.  Borrower's CD reflects $10,373       Buyer Comment (2019-05-05): Consumer CD reflects only seller fees paid on behalf of borrower, Non-material
    XX/XX/XXXX  10:43:24 AM 1 A XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 111 XXXX   11708034 XXXX XX/XX/XXXX  12:49:21 AM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 6.42510% or Final Disclosure APR of 6.44700% is in excess of allowable threshold of APOR 3.43% + 2.5%, or 5.93000%.  Compliant Higher Priced Loan.         Buyer Comment (2019-05-05): California HPML allowed per SG program
    XX/XX/XXXX  1:39:20 PM 2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 111 XXXX   11708036 XXXX XX/XX/XXXX  12:49:21 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Disclosure reflects 12 months of Homeowner's Insurance collected at $2,921.28 or $XXX.44 monthly; escrow section reflects monthly homeowner's insurance as $273.44.       Reviewer Comment (2019-05-05): Corrected CD provided, curing the exception.


Buyer Comment (2019-05-05): CD with correct escrow provided
  XX/XX/XXXX  11:08:51 AM   2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 111 XXXX   11708037 XXXX XX/XX/XXXX  12:49:21 AM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fess on sellers Closing Disclosure is $65,493. Seller paid fees not listed on the borrowers Final CD, Archiving fee of $40, Escrow fee of $850, Wire fees of $60, Transfer Tax of $1,320, Unknown of $5,000, Home Warranty of $860, NHD report of $89, Borrower Realtor Commission of $31,250, Seller Realtor Commission of $25,000 and Owner's Title of $1,014.       Buyer Comment (2019-05-05): Non-material, CD discloses only seller fees paid on behalf of the borrower


Reviewer Comment (2019-05-05): Performed compliance review with Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
    XX/XX/XXXX  8:43:34 AM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 111 XXXX   11708038 XXXX XX/XX/XXXX  12:49:21 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for various 0% tolerance violations $19 was not provided.       Reviewer Comment (2019-05-05): Cured with PC CD and refund


Buyer Comment (2019-05-05): PC CD provided


Reviewer Comment (2019-05-05): PC CD was not provided, LOE, shipping and refund were included but no actual CD was provided.  Unable to cure.


Buyer Comment (2019-05-05): please see cure documents, PC CD and refund documentation, should clear multiple exceptions


Reviewer Comment (2019-05-05): Fees in this section other than rcording are 0%, IE transfer tax.  If it were in title- section of fees and paid to same title agent, it would be outside of the 0% requirement.


Buyer Comment (2019-05-05): We think this fee should be a 10% tolerance fee, can you review?
  XX/XX/XXXX  7:22:51 AM   2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 111 XXXX   11708040 XXXX XX/XX/XXXX  12:49:21 AM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Recording Service Fee.  Fee Amount of $19.00 exceeds tolerance of $0.00. (8325) Recording Service fee disclosed as $0 on the LE dated XX/XX/XXXXbut disclosed as $19 on the Final Closing Disclosure.       Reviewer Comment (2019-05-05): Cured with PC CD and refund
  XX/XX/XXXX  7:23:04 AM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 111 XXXX   11708041 XXXX XX/XX/XXXX  12:49:21 AM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.42510% or Final Disclosure APR of 6.44700% is in excess of allowable threshold of APOR 3.43% + 2.5%, or 5.93000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-05): level 1
    XX/XX/XXXX  7:23:40 AM 1 A XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 111 XXXX   11708042 XXXX XX/XX/XXXX  12:49:21 AM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided. No cure was found related to the zero tolerance recording service fee.       Reviewer Comment (2019-05-05): Cured with PC CD and refund
  XX/XX/XXXX  7:23:18 AM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 111 XXXX   11708043 XXXX XX/XX/XXXX  12:49:21 AM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00. Guidelines require 3 month reserves; borrower has XX . Borrower has a disposable income of $19k

34% DTI < 43% guideline max

670 representative FICO score > 600 guideline minimum
    Reviewer Comment (2019-05-05): SG is going to apply a waiver with compensating factors on the below exception.  It’s a discontinued entity.


Reviewer Comment (2019-05-05): Upon review of additional account, please provide explanation for $XXXX deposit on XX/XX/XXXX Otherwise, the account is not positive after backing out large unexplained deposit.


Buyer Comment (2019-05-05): Please provide asset documentation for the XXXX
    XX/XX/XXXX  6:55:36 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 112 XXXX   11708075 XXXX XX/XX/XXXX  12:49:23 AM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 5.82510% or Final Disclosure APR of 5.84800% is in excess of allowable threshold of APOR 3.23% + 1.5%, or 4.73000%.  Compliant Higher Priced Loan. Verified fees were input correctly.       Buyer Comment (2019-05-05): California HPML allowed under SG program
    XX/XX/XXXX  10:56:43 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 112 XXXX   11708076 XXXX XX/XX/XXXX  12:49:23 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Disclosure reflects Closing Date of XX/XX/XXXX), but transaction consummation (mortgage notary) date was XX/XX/XXXX).       Reviewer Comment (2019-05-05): Cured on PC CD


Buyer Comment (2019-05-05): please see PC CD
  XX/XX/XXXX  1:01:54 PM   1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 112 XXXX   11708077 XXXX XX/XX/XXXX  12:49:23 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) CD reflects $1012.50, calculates to be $1098.  ($91.50 x 12).       Reviewer Comment (2019-05-05): Cured on PC CD
  XX/XX/XXXX  1:02:48 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 112 XXXX   11708078 XXXX XX/XX/XXXX  12:49:23 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) CD reflects $200, calculates to be $3539.56.       Reviewer Comment (2019-05-05): Cured on PC CD and with COC for lender credit.
  XX/XX/XXXX  1:03:46 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 112 XXXX   11708080 XXXX XX/XX/XXXX  12:49:23 AM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $850.00 exceeds tolerance of $500.00.  Insufficent or no cure was provided to the borrower. (7506)         Reviewer Comment (2019-05-05): Cured on PC CD and with refund
  XX/XX/XXXX  1:04:08 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 112 XXXX   11708081 XXXX XX/XX/XXXX  12:49:23 AM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.82510% or Final Disclosure APR of 5.84800% is in excess of allowable threshold of APOR 3.23% + 1.5%, or 4.73000%.  Compliant Higher Priced Mortgage Loan. Verified fees were input correctly.       Reviewer Comment (2019-05-05): Compliant HPML acceptable to client
    XX/XX/XXXX  4:30:18 PM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 115 XXXX   11708158 XXXX XX/XX/XXXX  12:49:25 AM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Loan was approved and submitted to SG at XX%, however this loan does not qualify for Credit Access 50% max due to bank statement income. Guideline variance approved by lender at time of origination.  SG granted an exception during the bid process.

disposable income of $XXXX

Borrower has job stability for 5 years.

13 months reserves

693 fico
    Reviewer Comment (2019-05-05): SGCP approved this DTI at bid.


Buyer Comment (2019-05-05): DTI exception was granted during bid (1/25 - prior to diligence).  Comp factors - XXX FICO, XX months reserves, job stability - 5+ years, $XX residual income
    XX/XX/XXXX  1:07:51 PM 2 B XX/XX/XXXX OR Primary Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 115 XXXX   11708163 XXXX XX/XX/XXXX  12:49:25 AM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.42850% or Final Disclosure APR of 7.49400% is in excess of allowable threshold of APOR 3.66% + 2.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-05): Compliant HPML acceptable to client
    XX/XX/XXXX  4:30:18 PM 1 A XX/XX/XXXX OR Primary Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 114 XXXX   11708165 XXXX XX/XX/XXXX  12:49:25 AM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.35840% or Final Disclosure APR of 8.42400% is in excess of allowable threshold of APOR 4.36% + 1.5%, or 5.86000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-05): EV1 exception, compliant HPML acceptable to client
    XX/XX/XXXX  6:56:03 PM 1 A XX/XX/XXXX FL Primary Purchase   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 114 XXXX   11708168 XXXX XX/XX/XXXX  12:49:25 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final Closing Disclosure reflects lender will allow assumptions under certain conditions. Assumption language is not included in the promissory note.       Reviewer Comment (2019-05-05): Corrected on PC CD
  XX/XX/XXXX  11:34:14 AM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 114 XXXX   11708169 XXXX XX/XX/XXXX  12:49:25 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) CD closing date isXX/XX/XXXXclosing date isXX/XX/XXXX.       Reviewer Comment (2019-05-05): This was not corrected on PC CD


Reviewer Comment (2019-05-05): Corrected CD provided to borrower.


Buyer Comment (2019-05-05): revised CD.
  XX/XX/XXXX  11:35:29 AM   1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 114 XXXX   11708170 XXXX XX/XX/XXXX  12:49:25 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX did not disclose number of months for Property Tax under Prepaids. (FinXX/XX/XXXX) Line 6 of Section F, number of months is blank.       Buyer Comment (2019-05-05): Non-material, pre-paid taxes were paid by seller.  Approx.  12 months were paid.  Monthly tax fee is $106.83, Prepaid amount $1256.32


Reviewer Comment (2019-05-05): New PC CD is still not correct, line f-06 lists real estate taxes -2016(Jan).  This does not display the number of months prepaid so it does not cure the exception.  Exception remains.


Buyer Comment (2019-05-05): please see PC CD


Reviewer Comment (2019-05-05): not corrected on PC CD


Buyer Comment (2019-05-05): revised CD.
    XX/XX/XXXX  9:14:16 AM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 217 XXXX   12702697 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance Missing Disclosure Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX FL Primary Purchase   B B A A B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 217 XXXX   12702698 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance RESPA RESPA (2010) -  "Can your interest rate rise?" on Final HUD-1 Inaccurate RESPA (2010): "Can your interest rate rise?" on Final HUD-1 does not match Amortization type for loan.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX FL Primary Purchase   B B A A B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 217 XXXX   12702701 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance RESPA RESPA (2010) -  Can Your Loan Payment Rise on Final HUD-1 Inaccurate  RESPA (2010): Final HUD-1 indicates that payments cannot rise on loan containing increasing payments.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX FL Primary Purchase   B B A A B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 216 XXXX   12702705 XXXX XX/XX/XXXX  5:38:38 PM Credit Credit Miscellaneous Guideline Credit Exception:   Approved exceptions: 1) Mortgage lates in  XXXX and XXXXon previous residence.  Requesting exception to allow 12 months mortgage rating covering XXX to XXX.  12 months ratings on file verifying paid as agree.  2) Borrowers own the property for less than 12 months.  Requesting to allow LTV to be based on the current appraised value.  Purchased XXXX, with 8 months seasoning only. Payment reduction

XX months reserves > 3 months guideline minimum -

Residual income of $XXXX, required residual $XXXX
    Reviewer Comment (2019-07-17): To add compensating factors


Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  4:40:25 PM 2 B XX/XX/XXXX CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 216 XXXX   12702710 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance RESPA RESPA (2010) -  Maximum payment on Final HUD-1 Inaccurate RESPA (2010): Maximum payment on Final HUD-1 does not match actual maximum payment.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 218 XXXX   12702765 XXXX XX/XX/XXXX  5:38:38 PM Credit Credit Miscellaneous Guideline Credit Exception:   Approved Exception - Allow disputed trade lines to remain on the borrowers credit report. 38 months reserves > 18 months guideline minimum     Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  4:47:40 PM 2 B XX/XX/XXXX TX Primary Purchase   D B C B D B A A Non QM Non QM No
XXX 22NQM2 - 218 XXXX   12702771 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/464) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:38:43 PM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702773 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/465) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:38:49 PM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702774 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/466) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:38:54 PM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702775 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/464) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:00 PM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702776 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/465) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:06 PM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702777 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/466) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:11 PM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702778 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Terminology and Order TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology or did not list the fees in the same sequential order as the Loan Estimate. (FinXX/XX/XXXX015) Final CD changed the Homeowners Insurance to Hazard Insurance and Property Taxes to County Property Tax       Reviewer Comment (2019-07-17): Lender cured on post consummation Closing Disclosure datedXX/XX/XXXX reflecting the correct escrows as homeowner's insurance and property taxes.
  XX/XX/XXXX  3:49:42 PM   2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702782 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX015) Disclosure reflects $1,506,482.40, yet actual is $1,491,452.22.  Variance = $15030.18.  This has been tested using the index value indicated in the loan file (.88615).       Reviewer Comment (2019-07-17): Corrected CD provided
  XX/XX/XXXX  6:59:31 PM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702783 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/486) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:24 PM   2 B XX/XX/XXXX TX Primary Purchase Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702784 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/487) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:29 PM   2 B XX/XX/XXXX TX Primary Purchase Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702785 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/488) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:35 PM   2 B XX/XX/XXXX TX Primary Purchase Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702786 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/486) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:41 PM   2 B XX/XX/XXXX TX Primary Purchase Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702787 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/487) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:46 PM   2 B XX/XX/XXXX TX Primary Purchase Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702788 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/488) Disclosure reflected amounts rounded to two decimal places, yet should have been rounded to the nearest dollar.       Reviewer Comment (2019-07-17): Corrected CD Provided
  XX/XX/XXXX  11:39:54 PM   2 B XX/XX/XXXX TX Primary Purchase Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 218 XXXX   12702791 XXXX XX/XX/XXXX  5:38:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on XX/XX/XXXX not received by borrower at least four (4) business days prior to closing. (InterXX/XX/XXXX) Disclosure was not signed.  Using the 3 day rule the disclosure was not provided 4 business days prior to closing.       Reviewer Comment (2019-07-17): LE to consummation, not enough days.  LE issued XX/XX/XXXX not opened electronically USPS count consummation should not occur until XX/XX/XXXX consummation occurred on XX/XX/XXXX.
      2 B XX/XX/XXXX TX Primary Purchase No Defined Cure D B C B D B A A Non QM Non QM No
XXX 22NQM2 - 219 XXXX   12702952 XXXX XX/XX/XXXX  5:39:08 PM Credit Credit Miscellaneous Guideline Credit Exception:   Approved exception:  Allow loan amount under the minimum requirement of $100,000 per guidelines. The require residual income is $XXXX, the actual residual income is $XXXX     Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  6:30:40 PM 2 B XX/XX/XXXX CA Investment Refinance - Cash-out - Home Improvement   C B C B A A A A N/A   No
XXX 22NQM2 - 219 XXXX   12702953 XXXX XX/XX/XXXX  5:39:08 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of 3.00 is less than Guideline PITIA months reserves of 6.00. Lender approved an exception allowing for 3 months reserves versus the 6 months required per the guidelines. The require residual income is $XXXX, the actual residual income is $XXXX     Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  6:31:03 PM 2 B XX/XX/XXXX CA Investment Refinance - Cash-out - Home Improvement   C B C B A A A A N/A   No
XXX 22NQM2 - 220 XXXX   12702960 XXXX XX/XX/XXXX  5:39:09 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved exceptions: 1 - No 3 years of continuance of spousal support as sole income for borrower.  Per divorce decree borrower will receive alimony until XX/XXXX but the ex was required to pay 6 months upfront. 2 - To use current appraised value as subject was purchased less than 12 months ago on XX/XX/XXXX. Residual income of $XXXX, the actual residual income is $XXXX     Reviewer Comment (2019-07-17): Lender approved an exception
    XX/XX/XXXX  9:38:38 AM 2 B XX/XX/XXXX ID Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 220 XXXX   12702961 XXXX XX/XX/XXXX  5:39:09 PM Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Total debt ratio discrepancy. Calculated total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender grossed up alimony income. 74% LTV is list than guideline max of 80%

Residual income of $XXXX, the actual residual income is $XXXX
    Reviewer Comment (2019-07-17): Client Waived


Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that guidelines allow DTI up to 55% and that the borrower meets the criteria for the expanded ratios and provided an updated 1008/1003; however, per the guidelines the expanded ratios are only allowed on purchase transactions.  The subject transaction is a rate/term refinance.  Condition remains.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that guidelines allow DTI up to 55% and that the borrower meets the criteria for the expanded ratios and provided an updated 1008/1003.
    XX/XX/XXXX  12:14:22 AM 2 B XX/XX/XXXX ID Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 221 XXXX   12703088 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) TIP disclosed as 127.352%, vs re-calculated TIP of 123.007%.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 125.174% which matches the calculated TIP of 125.17$%.  Condition cured.


Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 125.174% which matches the calculated TIP of 125.174%.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 125.174%.
  XX/XX/XXXX  5:53:32 PM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703089 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX) Lender used incorrect Fully indexed rate of 6.250 in place of either 6.125 or 6.000.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $458,133.25 which is within tolerance of the calculated TOP of $458,133.26.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $458,133.25.
  XX/XX/XXXX  2:54:59 PM   2 B XX/XX/XXXX FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703092 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure AIR Table Index And Margin TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Closing Disclosure provided on XX/XX/XXXX did not disclose Index or Margin. (InitiXX/XX/XXXX) Table missing Index and Margin.       Reviewer Comment (2019-07-17): Changed to Cure - was corrected on subsequent CDs


Reviewer Comment (2019-07-17): Re-opened to change from Cleared to Cured (SFIG)


Reviewer Comment (2019-07-17): Per compliance waived to 2
  XX/XX/XXXX  5:44:50 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703105 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $13.66 exceeds tolerance of $.00. (7520) $13.66 cure was apparent on the Final CD       Reviewer Comment (2019-07-17): Cured at closing with lender credit.
  XX/XX/XXXX  10:47:04 AM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703108 XXXX XX/XX/XXXX  5:39:12 PM Credit Credit Credit Eligibility Credit Guideline Issue: Derogatory consumer credit outside of credit guidelines   Guidelines allow foreclosure if it is seasoned 24 months. Borrower has Foreclosure datedXX/XX/XXXXwhich is <24 months in age. Lender Exception in file approves this. 110 months reserves > 6 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower on this (Documentation Type) documentation loan has a disposable income of $XXXX.
    Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  9:03:51 PM 2 B XX/XX/XXXX FL Primary Purchase   D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 221 XXXX   12703111 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InterXX/XX/XXXX) On interim CD XX/XX/XXXX Calculating Cash to Close on pg 3 shows $0 cure; CD pg 2 shows $13.66 cure provided.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).


Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the amount that exceeds the legal limit on pg 3 as $13.66.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the amount that exceeds the legal limit on pg 3 as $13.66.
  XX/XX/XXXX  12:41:23 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703123 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Fee Terminology and Order TILA-RESPA Integrated Disclosure: Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology or did not list the fees in the same sequential order as the Loan Estimate. (InterXX/XX/XXXX) Final LE disclosed the following fees: Section B - Tax Service Fee; Section C - Lender Required Survey Fee, Title - Closing/Settlement/Attorney Fee, Title - Lender Title Insurance, Title - Title Endorsement, Title - Wire Transfer Fee. The same fees are reflected as follows (respectively) on the initial CD: Section B - Tax Svc Fee. Section C - Title - Required Survey Fee, Title - Settlement Fee, Title - Lender's Title Insurance, Title - Lender's Title Endrsmnts, Title - Seller wire fee, Further, the fees in section C of initial CD are not listed alphabetically.       Reviewer Comment (2019-07-17): Lender corrected/cured with final Closing Disclosure datedXX/XX/XXXX and subsequent post consummation disclosure.


Reviewer Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX and the Loan Estimate dated XX/XX/XXXX.  Both disclosures have fees in the same order/terminology; however, the Closing Disclosure datedXX/XX/XXXX reflects the fees not in the same order and uses different terminology.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX and the Loan Estimate dated XX/XX/XXXX.
  XX/XX/XXXX  5:58:57 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703125 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Principal and Interest Change After Closing TILA-RESPA Integrated Disclosure - Loan Terms: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the Principal and Interest Payment can change. (InterXX/XX/XXXX) ARM loan, interim CD shows monthly principal and Interest (pg 1) cannot change.       Reviewer Comment (2019-07-17): Lender corrected/cured with final Closing Disclosure datedXX/XX/XXXX and subsequent post consummation disclosure.


Reviewer Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the interest rate can change along with the adjustment terms.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the interest rate can change along with the adjustment terms.
  XX/XX/XXXX  5:59:47 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703127 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Summaries Of Transactions - Deposit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Closing Disclosure provided on XX/XX/XXXX did not disclose the Deposit. (InitiXX/XX/XXXX)         Reviewer Comment (2019-07-17): Lender corrected/cured with final Closing Disclosure datedXX/XX/XXXX and subsequent post consummation disclosure.


Reviewer Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the deposit.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the deposit.
  XX/XX/XXXX  6:00:30 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703129 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure With Seller Change - Adjustments TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Adjustments and Other Credits. (InterXX/XX/XXXX) CD shows Loan Estimate as $0 vs Final as $516.94 but shows "No" in "Did this Change" column.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).


Reviewer Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the answer to Adjustments and Other Credits changing as Yes.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the answer to Adjustments and Other Credits changing as Yes.
  XX/XX/XXXX  12:42:09 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703131 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure With Seller Change - Deposit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).


Reviewer Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $72,000 with did it change answered Yes.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $72,000 with did it change answered Yes.
  XX/XX/XXXX  12:42:20 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703133 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure With Seller Change - Down Payment TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Down Payment/Funds from Borrower. (InterXX/XX/XXXX) Both LE and Final column show figure of $72,000, but shows "Yes" in "Did this Change" column.       Reviewer Comment (2019-07-17): Lender corrected/cured with final Closing Disclosure datedXX/XX/XXXX and subsequent post consummation disclosure.


Reviewer Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $72,000 with did it change answered Yes.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the GFE deposit amount as $72,002 and the CD deposit amount as $72,000 with did it change answered Yes.
  XX/XX/XXXX  6:01:55 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703134 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure With Seller Value - Seller Credit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on XX/XX/XXXX did not disclose the Final value of Seller Credit. (InterXX/XX/XXXX) Field is blank.       Reviewer Comment (2019-07-17): Lender corrected/cured with final Closing Disclosure datedXX/XX/XXXX and subsequent post consummation disclosure.


Reviewer Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the Seller Credit as $0.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Seller provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the Seller Credit as $0.
  XX/XX/XXXX  6:02:11 PM   2 B XX/XX/XXXX FL Primary Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 221 XXXX   12703141 XXXX XX/XX/XXXX  5:39:12 PM Compliance Compliance Federal Compliance TRID TRID Service Provider - Compliant TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list.         Reviewer Comment (2019-07-17): SSPL provided at application was non-compliant with no providers listed, lender cured on a re-disclosed SSPl dated XX/XX/XXXX with providers listed.
    XX/XX/XXXX  10:28:06 AM 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 222 XXXX   12703143 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.         Reviewer Comment (2019-07-17): Per compliance waived to 2
    XX/XX/XXXX  10:15:29 PM 2 B XX/XX/XXXX GA Primary Purchase No Defined Cure D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 222 XXXX   12703144 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Alphabetical Fees TILA-RESPA Integrated Disclosure:  Loan Estimate provided on XX/XX/XXXX did not list loan costs in alphabetical order. (InitiXX/XX/XXXX) Section C fees. title - courier, title - cpl fee and title - post closing fee are added after Title - Title Insurance Binder Fee.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  11:59:40 AM   2 B XX/XX/XXXX GA Primary Purchase Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 222 XXXX   12703147 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): The Diff is seller paid 5,500 and payment calc impact
  XX/XX/XXXX  10:05:13 PM   2 B XX/XX/XXXX GA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 222 XXXX   12703155 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID Defect TRID - Ten Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,392.50 exceeds tolerance of $1,118.00 plus 10% or $1,229.80 (0)         Reviewer Comment (2019-07-17): Lender cured on final Closing Disclosure with a $345.70 credit of which $163.70 was for the 10% cure.
  XX/XX/XXXX  11:42:10 AM   2 B XX/XX/XXXX GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 222 XXXX   12703165 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $1,587.04 exceeds tolerance of $1,405.00. (7200) The lender did not provide a valid COC for the increase in discount point fees from locked Loan Estimate dated XX/XX/XXXX to same locked re-disclosed Loan Estimate dated XX/XX/XXXX.  The COC provided indicates only Change to borrower's interest rate lock which is not a valid COC to justify the increase in fees.       Reviewer Comment (2019-07-17): Review of the file reflects that the credit report indicates the mortgage was included in BK and the BK docs in the file are from 2011/2012.  However, a letter provided to the borrower and additional third party documentation provided after initial rate lock reflects that although the property was included in BK, the foreclosure itself did not take place until 5/2105 which would have been in the last 12 months and represents a valid COC for change in eligibility.  Using the XX/XX/XXXX LE as a baseline, discount point shortage was cured on the final Closing Disclosure.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the XX/XX/XXXX re-disclosure and increased discount points was due to a valid COC due to change in eligibility.  Lender provided a copy of the lock history with an explanation that the borrower had an previously unknown housing event <12 months which increased the pricing.
  XX/XX/XXXX  10:10:39 AM   2 B XX/XX/XXXX GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 223 XXXX   12703168 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) CD reflects TIP of 126.419% but calculated TIP of 124.243%, outside of .003% tolerance.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).


Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 124.244% which matches the calculated TIP of 124.244%.  Not curable under TRID regulations.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 124.244%.
  XX/XX/XXXX  11:59:31 AM   2 B XX/XX/XXXX TN Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 223 XXXX   12703169 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX) Not Permissible, appear to have used a FI rate of 6.25 instead of 6.125       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $723,085.88 which matches the calculated TOP of $723,085.88 when lender/seller paid items are included.  Acceptable calculation method.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TOP of $723,085.88.
  XX/XX/XXXX  10:09:15 AM   2 B XX/XX/XXXX TN Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 223 XXXX   12703174 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided onXX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX) The collateral Desktop analysis fee was paid to the lender.  In order to be compliant it would have had to have been paid to the actual vendor (ClearCapital).       Reviewer Comment (2019-07-17): Lender provided post consummation Closing Disclosures datedXX/XX/XXXX &XX/XX/XXXX that reflect the Collateral Desktop Analysis payable to Clear Capital which matches the invoice in the file.  Condition cured.


Seller Comment (2019-07-17): Lender provided post consummation Closing Disclosures datedXX/XX/XXXX &XX/XX/XXXX that reflect the Collateral Desktop Analysis payable to Clear Capital.
  XX/XX/XXXX  10:11:43 AM   2 B XX/XX/XXXX TN Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 223 XXXX   12703175 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance TILA-RESPA Integrated Disclosure - 0% tolerance violation:  Lender credit was decreased resulting in increased charge to borrower. CD issued 1/20 has credit of -$1155.65, final CD issued 1/21 does not reflect credit.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a cure of $1,155.65, a letter to the borrower indicating the cure datedXX/XX/XXXX, a copy of the check to the borrower in the amount of $1,155.65 and a fedex label with a ship date ofXX/XX/XXXX indicating cure was provided to borrower within 60 days of consummation.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a cure of $1,155.65, a letter to the borrower indicating the cure datedXX/XX/XXXX, a copy of the check to the borrower in the amount of $1,155.65 and a fedex label with a ship date ofXX/XX/XXXX.
  XX/XX/XXXX  10:14:07 AM   2 B XX/XX/XXXX TN Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 223 XXXX   12703176 XXXX XX/XX/XXXX  5:39:13 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to borrower.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX TN Primary Purchase   D B A A D B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 226 XXXX   12703387 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InitiXX/XX/XXXX) No amount reflected as an amount that exceeds the legal limits in the calculating cash to close table.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): No amount was reflected on the CD.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): No amount is reflected on the Closing Disclosure


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703388 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Borrower Paid Other Costs Total Section J TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed Total Closing Costs (Borrower-Paid) (Section J) that does not match sum of fees. (FinXX/XX/XXXX) Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in § 1026.37(g)(6)(ii) as a negative number, labeled “Lender Credits” and designated borrower-paid at closing, and if a refund is provided pursuant to § 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § 1026.19(e)(3), and the amount of such credit under § 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): The credit is not accurately reflected as a negative number.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703389 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Lender Credits TILA-RESPA Integrated Disclosure - Costs at Closing: Final Closing Disclosure provided onXX/XX/XXXX disclosed Lender Credits that does not match Lender Credits on page 2. (FinXX/XX/XXXX) Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in § 1026.37(g)(6)(ii) as a negative number, labeled “Lender Credits” and designated borrower-paid at closing, and if a refund is provided pursuant to § 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § 1026.19(e)(3), and the amount of such credit under § 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): The credit is not accurately reflected as a negative number.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703390 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Costs Paid at Closing that does not match the Total Closing Costs (Borrower-Paid) from page 2. (FinXX/XX/XXXX) Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in § 1026.37(g)(6)(ii) as a negative number, labeled “Lender Credits” and designated borrower-paid at closing, and if a refund is provided pursuant to § 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § 1026.19(e)(3), and the amount of such credit under § 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): The credit is not accurately reflected as a negative number.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703391 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (FinXX/XX/XXXX) No amount reflected as an amount that exceeds the legal limits in the calculating cash to close table.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): No amount is reflected on the CD.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): No amount is reflected on the Closing Disclosure


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703392 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) No amount reflected as an amount that exceeds the legal limits in the calculating cash to close table.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): No amount is reflected on the CD


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): No amount is reflected on the Closing Disclosure


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703393 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Borrower Paid Total Closing Costs Section J TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed Total Closing Costs (Borrower-Paid) that does not match sum of fees. (InitiXX/XX/XXXX) Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in § 1026.37(g)(6)(ii) as a negative number, labeled “Lender Credits” and designated borrower-paid at closing, and if a refund is provided pursuant to § 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § 1026.19(e)(3), and the amount of such credit under § 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): The credit is not accurately reflected as a negative number.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703394 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Lender Credits TILA-RESPA Integrated Disclosure - Costs at Closing: Closing Disclosure provided onXX/XX/XXXX disclosed Lender Credits that does not match Lender Credits on page 2. (InitiXX/XX/XXXX) Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in § 1026.37(g)(6)(ii) as a negative number, labeled “Lender Credits” and designated borrower-paid at closing, and if a refund is provided pursuant to § 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § 1026.19(e)(3), and the amount of such credit under § 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): The credit is not accurately reflected as a negative number.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703395 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing TILA-RESPA Integrated Disclosure - Summaries of Transactions: Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Costs Paid at Closing that does not match the Total Closing Costs (Borrower-Paid) from page 2. (InitiXX/XX/XXXX) Page 2 other costs table incorrectly reflects $108.16 lender credit as a positive numbers versus a negative number.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): 1026.38(h)(3) provides:
(3) The amount described in § 1026.37(g)(6)(ii) as a negative number, labeled “Lender Credits” and designated borrower-paid at closing, and if a refund is provided pursuant to § 1026.19(f)(2)(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § 1026.19(e)(3), and the amount of such credit under § 1026.19(f)(2)(v).
Accordingly, disclosure of credit as a positive number violates the disclosure requirement as set forth in the citation above. Exception remains.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): The credit is not accurately reflected as a negative number.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that they are unable to find a guideline requirement that lender credit must reflect as a negative number on the CD, the figure has been factored into the calculation correctly as a negative number and all calculations are accurate.  The credit is correctly identified as a lender credit and calculated correctly throughout the CD.
      2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703397 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InitiXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:40:44 PM   2 B XX/XX/XXXX MA Primary Purchase Good faith redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703398 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:40:54 PM   2 B XX/XX/XXXX MA Primary Purchase Good faith redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703399 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:41:06 PM   2 B XX/XX/XXXX MA Primary Purchase Good faith redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703400 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Mortgage Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed mortgage insurance under Prepaids that does not match amount per month calculation. (InitiXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:41:12 PM   2 B XX/XX/XXXX MA Primary Purchase Good faith redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703401 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Mortgage Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed mortgage insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:41:17 PM   2 B XX/XX/XXXX MA Primary Purchase Good faith redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703402 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Projected Mortgage Insurance Payment TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX did not disclose the mortgage insurance payment. (ProjSeq:2/4761) For payment stream 2, years 9-30 the mortgage insurance is blank.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:41:24 PM   2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703403 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Projected Mortgage Insurance Payment TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX did not disclose the mortgage insurance payment. (ProjSeq:2/4763) For payment stream 2, years 9-30 the mortgage insurance is blank.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:41:28 PM   2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703404 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Title Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX) Survey fee does not have the required Title -       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:41:33 PM   2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703405 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Title Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InterXX/XX/XXXX) Survey fee does not have the required Title -       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:41:37 PM   2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703407 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $56.66 exceeds tolerance of $50.00. (7520)         Reviewer Comment (2019-07-17): Lender cured on the final CD with a cure of $108.16 which includes the $6.66 for the credit report.
  XX/XX/XXXX  1:06:29 PM   2 B XX/XX/XXXX MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 226 XXXX   12703411 XXXX XX/XX/XXXX  5:39:19 PM Compliance Compliance Federal Compliance TRID TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   Title fees are reflected in section C of the LE's and section B of the CD's; however, the title agent is not reflected on the Service Provider List provided to the borrower and should have remained in section C.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Nothing further was provided.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD's are hard coded to have the RESPA credit read as a positive number, however have the description read as "credit" and is calculated as a credit, lender reviewed the CFPB guide and indicates they could not locate any guidance which states that the lender credit must be reflected as a negative number.


Reviewer Comment (2019-07-17): Seller provided a copy of an executed Confirmation of Decision to Shop for Services in which the borrower indicates they choose not to shop and to allow lender to select the appropriate Title Agent and executed on XX/XX/XXXX.  However, the file contains a Our Selection of Service Provider executed by the borrower with no date that indicates they chose the indicated Service provider and the SSPL in the file dated XX/XX/XXXX that does not reflect the title agent listed on the Closing Disclosure.  The LE indicates the borrower could shop for services based on the title fees in section C; however, it it is determined that the borrower was not allowed to shop for services then the LE incorrectly reflects the title fees in section C and the title fees would be required to be held to a 0% tolerance and the 0% tolerance would be exceeded, with no further cure provided.


Seller Comment (2019-07-17): Seller provided a copy of an executed Confirmation of Decision to Shop for Services in which the borrower indicates they choose not to shop and to allow lender to select the appropriate Title Agent and executed on XX/XX/XXXX.
      2 B XX/XX/XXXX MA Primary Purchase Good Faith Redisclosure D B A A D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 228 XXXX   12703461 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Servicing Missing TILA-RESPA Integrated Disclosure - Other Considerations: Loan Estimate provided on XX/XX/XXXX did not disclose the Servicing statement. (InitiXX/XX/XXXX) No boxes were checked.       Reviewer Comment (2019-07-17): Lender cured with redisclosed Loan Estimate dated XX/XX/XXXX with the Servicing statement completed.
  XX/XX/XXXX  3:32:17 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703462 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Title Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX) Endorsement Fee is missing required “Title – “ in description.       Reviewer Comment (2019-07-17): Lender cured with redisclosed Loan Estimate dated XX/XX/XXXX and subsequent disclosures with the correct Title -.
  XX/XX/XXXX  3:33:11 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703468 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided. Evidence of a cure on CD, however not sufficient to cover all tolerance violations.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.


Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03.  However, cure amount is insufficient, lender is using a COC for a rate lock extension on an interim Closing Disclosure datedXX/XX/XXXX which not allowed under TRID regulation.  Condition remains.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03.
      2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703469 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $551.03 exceeds tolerance of $402.90. (7200) Discount fee not allowed to rise after initial CD has been issued.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.


Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.  Lock was after initial Closing Disclosure was provided and no change is allowed under TRID regulation.  Condition remains.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.
      2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703470 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $XXX.75 exceeds tolerance of $649.00. (8304) Evidence of a cure on CD, however not sufficient to cover all tolerance violations.       Reviewer Comment (2019-07-17): Lender provided a cure of $3.28 on the final Closing Disclosure which is sufficient for the $2.75 cure.
  XX/XX/XXXX  4:21:49 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703471 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Evidence of a cure on CD, however not sufficient to cover all tolerance violations.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.


Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.  However, lock confirmation and associated Closing Disclosure is interim and fee increase is not allowed under TRID regulation.  Condition remains.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a cure amount of $6.03 and a Lock Confirmation datedXX/XX/XXXX and a copy of the Closing Disclosure datedXX/XX/XXXX.
      2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703473 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance TILA-RESPA Integrated Disclosure - 0% tolerance violation:  Lender credit disclosed on the Final Closing Disclosure is less than previously disclosed Lender credit plus disclosed Tolerance Cure Amount, resulting in an increased charge to borrower. Evidence of a cure on CD, however not sufficient to cover all tolerance violations.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): The cure documentation provided for the additional cure based on theXX/XX/XXXX CD is sufficient; however, the prior cure amount of $2.80 additional cure on the post consummation CD datedXX/XX/XXXX is still missing the letter to the borrower, a copy of the refund check and delivery within 60 days of consummation of that portion of the cure.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a tolerance cure of $154.16, a copy of the explanation letter to the borrower, a copy of a check for $148.13 and evidence of delivery to borrower within 60 days of consummation.


Reviewer Comment (2019-07-17): Lender provided a post Consummation Closing Disclosure with a cure amount of $6.03 which matches the maximum lender credit on the initial CD's.  LE's reflected no lender credit and $6.03 was the highest lender credit.   However, the required evidence of delivery to borrower within 60 days of consummation, letter to borrower, and refund check were not provided.  Condition remains for those items.


Seller Comment (2019-07-17): Lender provided a post Consummation Closing Disclosure with a cure amount of $6.03.
      2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703474 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed Closing Costs Financed that does not match actual amount of closing costs financed. (FinXX/XX/XXXX) Page three does not disclose an amount for Closing Costs Financed (should be $11,147.66).       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.


Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct closing costs financed amount.  Not curable under TRID regulation.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX.
  XX/XX/XXXX  3:36:35 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703476 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate Closing Costs Financed amount. (InterXX/XX/XXXX) Page two reflects $11,683 however should be $11,553.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.


Reviewer Comment (2019-07-17): Lender provided a copy of the Closing Disclosure datedXX/XX/XXXX which reflects closing costs incorrectly as $0 on page 3, Calculating Cash to Close table.  Condition remains.


Seller Comment (2019-07-17): Lender provided a copy of the Closing Disclosure datedXX/XX/XXXX.
  XX/XX/XXXX  3:37:33 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703477 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) Page two reflects $11,468 however should be $11,469.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
  XX/XX/XXXX  3:37:43 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703478 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) Page two reflects $11,683 but should be $11,684.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
  XX/XX/XXXX  3:37:52 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703479 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) Page three does not disclose an amount for Closing Costs Financed (should be $11,144.91).       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
  XX/XX/XXXX  3:38:02 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 228 XXXX   12703480 XXXX XX/XX/XXXX  5:39:21 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) Page two reflects $12,534 but should be $12,535.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct Closing Cost Financed amount.  Condition cured.
  XX/XX/XXXX  3:38:12 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703606 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.85470% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX NV Primary Purchase   D B D A D B A A Non QM Non QM No
XXX 22NQM2 - 229 XXXX   12703609 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Payment Interest Only Until TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing payment did not disclose the due date of the last payment of interest only. (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Post consummation provided reflects the correct information but was provided outside the required 60 days of discovery.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to borrower and evidence of delivery.


Reviewer Comment (2019-07-17): Review of the Closing Disclosure in the file reflects the Loan Terms, monthly P&I does not reflect the statement Interest only until nor include the required number of years/months.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD only allows for dates in the header section and payment due date or last payment date of the I/O period isn't one of them, page of of the CD shows that it is a 10 year I/O loan, page one also shows the interest rate and P&I adjustments under loan terms, page one also shows the projected payment table which only allows up to four columns, the first 5 years show a fixed rate then year 6 & 7 show adj rates with the remaining lumped together as 8-30 with this column includes an I/O period and Adj rate as well as P&I payment period.  The AP table shows that the I/O payments are for 120 months.


Reviewer Comment (2019-07-17): Lender indicated they provided a rebuttal; however, nothing was found.


Seller Comment (2019-07-17): Lender indicated they provided a rebuttal
      2 B XX/XX/XXXX NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703611 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Undisclosed Optional Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "optional" description. (InitiXX/XX/XXXX) Home Warranty fee does not contain the required "optional".       Reviewer Comment (2019-07-17): Lender cured with the initial Closing Disclosure datedXX/XX/XXXX and subsequent CD's by removal of the fee.
  XX/XX/XXXX  12:04:55 PM   2 B XX/XX/XXXX NV Primary Purchase Good Faith Redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703615 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure  Payment Interest Only Until TILA-RESPA Integrated Disclosure - Loan Terms: Closing Disclosure provided on XX/XX/XXXX with an increasing payment did not disclose the due date of the last periodic payment of the interest only period. (InitiXX/XX/XXXX)         Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Post consummation provided reflects the correct information but was provided outside the required 60 days of discovery.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to borrower and evidence of delivery.


Reviewer Comment (2019-07-17): Review of the Closing Disclosure in the file reflects the Loan Terms, monthly P&I does not reflect the statement Interest only until nor include the required number of years/months.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the CD only allows for dates in the header section and payment due date or last payment date of the I/O period isn't one of them, page of of the CD shows that it is a 10 year I/O loan, page one also shows the interest rate and P&I adjustments under loan terms, page one also shows the projected payment table which only allows up to four columns, the first 5 years show a fixed rate then year 6 & 7 show adj rates with the remaining lumped together as 8-30 with this column includes an I/O period and Adj rate as well as P&I payment period.  The AP table shows that the I/O payments are for 120 months.


Reviewer Comment (2019-07-17): Lender indicated a rebuttal was provided; however, nothing was located for this exception.


Seller Comment (2019-07-17): Lender indicated a rebuttal was provided.
      2 B XX/XX/XXXX NV Primary Purchase Good Faith Redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703623 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate AIR Table Index And Margin TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Loan Estimate provided onXX/XX/XXXX did not disclose Index or Margin. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct index.
  XX/XX/XXXX  2:07:41 PM   2 B XX/XX/XXXX NV Primary Purchase Good Faith Redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703625 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate AP Table First Change TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed First Change minimum and maximum according to disclosed Loan Product. (InterXX/XX/XXXX) Product on pg 1 not indicated as 5/1 ARM I/O.       Reviewer Comment (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
  XX/XX/XXXX  2:09:44 PM   2 B XX/XX/XXXX NV Primary Purchase Good faith redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703626 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate AP Table First Change Period TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed First Change payment period according to disclosed Loan Product. (InterXX/XX/XXXX) Product on pg 1 not indicated as 5/1 ARM I/O.       Reviewer Comment (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
  XX/XX/XXXX  2:09:51 PM   2 B XX/XX/XXXX NV Primary Purchase Good faith redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703627 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Undisclosed Optional Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided onXX/XX/XXXX did not contain the "optional" description. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Lender cured with the initial CD datedXX/XX/XXXX with the correct Optional verbiage.
  XX/XX/XXXX  2:11:50 PM   2 B XX/XX/XXXX NV Primary Purchase Good Faith Redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703628 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Property Taxes Escrow TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided onXX/XX/XXXX disclosed property taxes figures under Initial Escrow Payment at Closing that does not match amount per month calculation. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct amounts.
  XX/XX/XXXX  2:10:53 PM   2 B XX/XX/XXXX NV Primary Purchase Good Faith Redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703629 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Payment Interest Only Until TILA-RESPA Integrated Disclosure - Loan Terms: Loan Estimate provided onXX/XX/XXXX with an increasing payment did not disclose the due date of the last periodic payment during which only interest is required to be paid. (InterXX/XX/XXXX)         Reviewer Comment (2019-07-17): Discovery for exception onXX/XX/XXXX upon receipt of LE, lender cured on the post consummation CD datedXX/XX/XXXX which is within 60 days of discovery.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
  XX/XX/XXXX  2:14:46 PM   2 B XX/XX/XXXX NV Primary Purchase Good Faith Redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703630 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate AP Table Interest Only Payment TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed whether the loan contains Interest Only Payments according to disclosed Product feature. (InterXX/XX/XXXX) Product on pg 1 not indicated as 5/1 ARM I/O.       Reviewer Comment (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
  XX/XX/XXXX  2:10:03 PM   2 B XX/XX/XXXX NV Primary Purchase Good faith redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703631 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate AP Table Maximum Payment TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed Maximum Payment amount and period according to disclosed Loan Product. (InterXX/XX/XXXX) Product on pg 1 not indicated as 5/1 ARM I/O.       Reviewer Comment (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
  XX/XX/XXXX  2:10:08 PM   2 B XX/XX/XXXX NV Primary Purchase Good faith redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 229 XXXX   12703632 XXXX XX/XX/XXXX  5:39:24 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate AP Table Subsequent Changes TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Loan Estimate provided onXX/XX/XXXX incorrectly disclosed Subsequent Changes minimum, maximum, and payment period according to disclosed Loan Product. (InterXX/XX/XXXX) Product on pg 1 not indicated as 5/1 ARM I/O.       Reviewer Comment (2019-07-17): Lender cured on the initial CD datedXX/XX/XXXX with the correct product feature.
  XX/XX/XXXX  2:10:15 PM   2 B XX/XX/XXXX NV Primary Purchase Good faith redisclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 224 XXXX   12703664 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX)         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX CA Investment Purchase   D B A A D B A A N/A N/A No
XXX 22NQM2 - 224 XXXX   12703665 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance Compliance TRID Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (InitiXX/XX/XXXX) CD signedXX/XX/XXXX.  Closing dateXX/XX/XXXX       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Although the CD was provided by the title agent it was signed by the borrower indicating that the borrower received the disclosure and the borrower signature date wasn't untilXX/XX/XXXX which was not at least 3 days prior to closing.


Seller Comment (2019-07-17): Lender provided an attestation that the CD that is signed by the borrower was provided by the title agent and not lender and that the CD with the same date with the correct seller listed was provided by Caliber.


Reviewer Comment (2019-07-17): The file contains 2 CD's datedXX/XX/XXXX on pgs 141 and 113 of the original file PDF that contain differing figures, one is signed by the borrower and one is missing data on some of the pages.  Please provide the appropriate attestation identifying the CD's as initial, interim or not provided to the borrower as applicable.


Seller Comment (2019-07-17): Lender provided a copy of the digital signature status printout that reflects the borrower received and opened the initial CD datedXX/XX/XXXX onXX/XX/XXXX.
      2 B XX/XX/XXXX CA Investment Purchase No Defined Cure D B A A D B A A N/A N/A No
XXX 22NQM2 - 224 XXXX   12703666 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) CD reflects closing date ofXX/XX/XXXX , Notary date of XX/XX/XXXX.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a closing date ofXX/XX/XXXX and funding date ofXX/XX/XXXX.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a closing date ofXX/XX/XXXX and funding date ofXX/XX/XXXX.
  XX/XX/XXXX  11:01:54 AM   1 A XX/XX/XXXX CA Investment Purchase Letter of Explanation & Corrected Closing Disclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703667 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX) Disclosure reflects TOP of ($XXXX) but calculated TOP of ($XXXX).       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a TOP of $XXXX which matches the calculated TOP of $XXXX.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX with a TOP of $XXXX.
  XX/XX/XXXX  11:02:50 AM   2 B XX/XX/XXXX CA Investment Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703XXX XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Amount Financed. (InitiXX/XX/XXXX) Data Field is Blank.   There are 2 disclosures datedXX/XX/XXXX.  This is the initial.       Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the Amount Financed completed.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
  XX/XX/XXXX  11:30:15 AM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703672 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure APR TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the APR. (InitiXX/XX/XXXX) Data Field is Blank.  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.       Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the APR completed.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
  XX/XX/XXXX  11:30:58 AM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703673 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Finance Charge. (InitiXX/XX/XXXX) Data Field is Blank   There are 2 disclosures datedXX/XX/XXXX.  This is the initial.       Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the Finance Charge completed.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
  XX/XX/XXXX  11:31:28 AM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703674 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (InitiXX/XX/XXXX) Line 1 of Section F, number of months is blank.  Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.       Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the number of months of HOI prepaids completed.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
  XX/XX/XXXX  11:33:00 AM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703675 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure- Loan Disclosures: Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the loan allows for Partial Payments. (InitiXX/XX/XXXX) Data is blank.    Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.       Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the Partial Payments question correctly completed.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
  XX/XX/XXXX  11:36:02 AM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703676 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Property Taxes Escrow TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX did not disclose figures for property taxes under Initial Escrow Payment at Closing. (InitiXX/XX/XXXX) TRID Good Faith Violation.  Property Taxes in Prepaids was not disclosed to borrower until CD.  Missing evidence of when lender was made aware that taxes would be due.       Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the property tax escrow completed and all subsequent disclosures are correct.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
  XX/XX/XXXX  12:00:29 PM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703678 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Total Interest Percentage. (InitiXX/XX/XXXX) Data Field is Blank.   Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 158.037% which matches the calculated TIP of 158.037%.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects a TIP of 158.037%.
  XX/XX/XXXX  11:38:50 AM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703679 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Closing Disclosure provided onXX/XX/XXXX did not disclose the Total of Payments. (InitiXX/XX/XXXX) Data Field is Blank.  Note:  There are 2 disclosures datedXX/XX/XXXX.  This is the initial.       Reviewer Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete; however, the CD datedXX/XX/XXXX that has the incomplete data is signed by the borrower and therefore was provided to the borrower.  Lender re-disclosed a corrected Closing Disclosure datedXX/XX/XXXX that has the TOP completed.  Condition cured.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that only 1 Closing Disclosure datedXX/XX/XXXX was provided to the borrower and it is the one that has all data complete.
  XX/XX/XXXX  11:39:42 AM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 224 XXXX   12703680 XXXX XX/XX/XXXX  5:39:27 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Title Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX) Email/Copy, Endorsements, Messenger, Sub Escrow, Tie in, Wire Fee       Reviewer Comment (2019-07-17): Lender provided a rediclosure dated XX/XX/XXXX LE and all subsequent disclosures correctly reflect the Title - .  Condition cured.
  XX/XX/XXXX  12:02:23 PM   2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 231 XXXX   12703649 XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.48650% is in excess of allowable threshold of APOR 4.02% + 1.5%, or 5.52000%.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX MD Primary Purchase   D B C B D B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 231 XXXX   12703XXX XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance State Compliance State HPML (State HPML) Maryland Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) Maryland Higher-Priced Mortgage Loan: APR on subject loan of 6.48650% is in excess of allowable threshold of APOR 4.02% + 1.5%, or 5.52000%.         Reviewer Comment (2019-07-17): system
      1 A XX/XX/XXXX MD Primary Purchase   D B C B D B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 231 XXXX   12703653 XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) Disclosure reflects TIP of 124.94%) but calculated TIP is 124.564%, which is outside of .003% tolerance.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Based on review of lender TIP it appears the payment streams used by lender are incorrect.  Audit calculated TIP  - Payment streams 359 x 1473.89 + 1 x 1,477.  The remainder of the TIP calculation matches.


Seller Comment (2019-07-17): Lender provided their TIP calculations.
      2 B XX/XX/XXXX MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 231 XXXX   12703654 XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX) Disclosure reflects TOP of $536,338 but calculated TOP of $535,512.80.  Variance = $825.20.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Based on review of lender TOP it appears the payment streams used by lender are incorrect.  Audit calculated TOP  - Payment streams 359 x 1473.89 + 1 x 1,477.  The remainder of the TOP calculation matches.


Reviewer Comment (2019-07-17): Lender provided a breakdown of their TOP calculation.
      2 B XX/XX/XXXX MD Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 231 XXXX   12703655 XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for Transfer Tax Fee of $2362.50 was not provided.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Post consummation CD and applicable cure documentation provided still does not reflect the amount that exceeds the legal limit on pg 3 (Total Closing Costs line) but only has the verbiage that it includes lender cure for the increase in costs above the legal limit without the amount.  In addition the cure documentation provided is outside the required 60 days of discovery.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.


Reviewer Comment (2019-07-17): Although there is a lender credit for $2,362.50 on the final CD, the CD does not indicate this was a tolerance cure on pg 2 bottom nor did it indicate that this is the amount that exceeds the legal limits on pg 3 calculating cash to close table.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the lender credit amount on the final CD of $2,362.50 was the cure for the transfer taxes.


Reviewer Comment (2019-07-17): Audit is unable to confirm that Maryland transfer taxes are split 50/50, documentation found indicates it is negotiable and that buyer pays Mortgage tax.  While it is confirmed that the initial LE had the transfer taxes listed it was subsequently removed from the final LE, and final LE is being used as a baseline.  Seller paid borrower required fees are still subject to tolerance, 0% tolerance exceeded for transfer taxes with no evidence of cure.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that in Maryland it is typical for the buyer / seller to split transfer taxes 50/50 and provided a portion of some form of documentation that indicates this.  Lender also provided a portion of the initial LE that reflects transfer taxes of $2,400 disclosed to borrower.  Lender also indicated that the seller paid all the transfer taxes, therefore no cure is required.
      2 B XX/XX/XXXX MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 231 XXXX   12703657 XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided. Cure for Transfer Tax Fee of $2362.50 was not provided.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Post consummation CD and applicable cure documentation provided still does not reflect the amount that exceeds the legal limit on pg 3 (Total Closing Costs line) but only has the verbiage that it includes lender cure for the increase in costs above the legal limit without the amount.  In addition the cure documentation provided is outside the required 60 days of discovery.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.


Reviewer Comment (2019-07-17): Although there is a lender credit for $2,362.50 on the final CD, the CD does not indicate this was a tolerance cure on pg 2 bottom nor did it indicate that this is the amount that exceeds the legal limits on pg 3 calculating cash to close table.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the lender credit amount on the final CD of $2,362.50 was the cure for the transfer taxes.


Reviewer Comment (2019-07-17): Audit is unable to confirm that Maryland transfer taxes are split 50/50, documentation found indicates it is negotiable and that buyer pays Mortgage tax.  While it is confirmed that the initial LE had the transfer taxes listed it was subsequently removed from the final LE, and final LE is being used as a baseline.  Seller paid borrower required fees are still subject to tolerance, 0% tolerance exceeded for transfer taxes with no evidence of cure.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that in Maryland it is typical for the buyer / seller to split transfer taxes 50/50 and provided a portion of some form of documentation that indicates this.  Lender also provided a portion of the initial LE that reflects transfer taxes of $2,400 disclosed to borrower.  Lender also indicated that the seller paid all the transfer taxes, therefore no cure is required.
      2 B XX/XX/XXXX MD Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C B D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 231 XXXX   12703659 XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $2,362.50 exceeds tolerance of $.00. (8304) Transfer Taxes not disclosed on most recent Loan Estimate.  Unable to determine if this was a true seller fee or if it was a buyer fee which was paid by the seller on behalf of the buyer.       Reviewer Comment (2019-07-17): system


Reviewer Comment (2019-07-17): Post consummation CD and applicable cure documentation provided still does not reflect the amount that exceeds the legal limit on pg 3 (Total Closing Costs line) but only has the verbiage that it includes lender cure for the increase in costs above the legal limit without the amount.  In addition the cure documentation provided is outside the required 60 days of discovery.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.


Reviewer Comment (2019-07-17): Although there is a lender credit for $2,362.50 on the final CD, the CD does not indicate this was a tolerance cure on pg 2 bottom nor did it indicate that this is the amount that exceeds the legal limits on pg 3 calculating cash to close table.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the lender credit amount on the final CD of $2,362.50 was the cure for the transfer taxes.


Reviewer Comment (2019-07-17): Audit is unable to confirm that Maryland transfer taxes are split 50/50, documentation found indicates it is negotiable and that buyer pays Mortgage tax.  While it is confirmed that the initial LE had the transfer taxes listed it was subsequently removed from the final LE, and final LE is being used as a baseline.  Seller paid borrower required fees are still subject to tolerance, 0% tolerance exceeded for transfer taxes with no evidence of cure.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that in Maryland it is typical for the buyer / seller to split transfer taxes 50/50 and provided a portion of some form of documentation that indicates this.  Lender also provided a portion of the initial LE that reflects transfer taxes of $2,400 disclosed to borrower.  Lender also indicated that the seller paid all the transfer taxes, therefore no cure is required.
      2 B XX/XX/XXXX MD Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C B D B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 231 XXXX   12703661 XXXX XX/XX/XXXX  5:39:28 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception is in file to allow a Non Warrantable Condo with a DTI of XX% when the max allowed was 43%. LTV of 75% is below the max allowed of 90%.

Residual income of $XXXX is above the required amount of $XXXX.
    Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  11:58:41 PM 2 B XX/XX/XXXX MD Primary Purchase   D B C B D B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 231 XXXX   12703662 XXXX XX/XX/XXXX  5:39:28 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided Timely) Maryland Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for prior to closing. The MD HPML Disclosure is a requirement imposed under the Mortgage Lender license law which applies only to licensees and does not carry assignee liability, severity being adjusted to EV2.       Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX MD Primary Purchase   D B C B D B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 227 XXXX   12703690 XXXX XX/XX/XXXX  5:39:29 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Servicing Missing TILA-RESPA Integrated Disclosure - Other Considerations: Loan Estimate provided on XX/XX/XXXX did not disclose the Servicing statement. (InitiXX/XX/XXXX) An indication regarding whether the lender intended to service the loan or transfer servicing was not apparent.       Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 227 XXXX   12703691 XXXX XX/XX/XXXX  5:39:29 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Servicing Missing TILA-RESPA Integrated Disclosure - Other Considerations: Loan Estimate provided on XX/XX/XXXX did not disclose the Servicing statement. (InterXX/XX/XXXX) An indication regarding whether the lender intended to service the loan or transfer servicing was not apparent.       Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX CA Investment Purchase Good Faith Redisclosure D B A A D B A A N/A N/A Yes
XXX 22NQM2 - 227 XXXX   12703692 XXXX XX/XX/XXXX  5:39:29 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX)         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX CA Investment Purchase   D B A A D B A A N/A N/A No
XXX 22NQM2 - 230 XXXX   12703733 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final CD disclosed that assumption was allowed. Note does not evidence that assumability was allowed.       Reviewer Comment (2019-07-17): Post consummation CD cured with the correct assumption statement.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.
  XX/XX/XXXX  1:45:08 PM   2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703733 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final CD disclosed that assumption was allowed. Note does not evidence that assumability was allowed.       Reviewer Comment (2019-07-17): Post consummation CD cured with the correct assumption statement.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower and evidence of delivery.
  XX/XX/XXXX  1:45:08 PM   2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703736 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID Defect TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure - Good Faith Violation: Fee Title - Owners Coverage Premium provided on Final Closing Disclosure was not previously disclosed to the borrower. (81735) Due to missing the required "(optional)" verbiage that was apparent on the LE and early CD. This is considered a new fee that wasn't previously disclosed.  Missing evidence of when lender was made aware of fee.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD reflecting the correct "optional" verbiage.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
  XX/XX/XXXX  1:46:45 PM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703736 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID Defect TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure - Good Faith Violation: Fee Title - Owners Coverage Premium provided on Final Closing Disclosure was not previously disclosed to the borrower. (81735) Due to missing the required "(optional)" verbiage that was apparent on the LE and early CD. This is considered a new fee that wasn't previously disclosed.  Missing evidence of when lender was made aware of fee.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD reflecting the correct "optional" verbiage.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
  XX/XX/XXXX  1:46:45 PM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703739 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant.         Reviewer Comment (2019-07-17): Per Compliance
    XX/XX/XXXX  2:09:00 PM 2 B XX/XX/XXXX FL Second Home Purchase No Defined Cure D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 230 XXXX   12703739 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant.         Reviewer Comment (2019-07-17): Per Compliance
    XX/XX/XXXX  2:09:00 PM 2 B XX/XX/XXXX FL Second Home Purchase No Defined Cure D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 230 XXXX   12703740 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Title Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX) Survey Fee is missing required “Title – “ in description.  Unable to determine if Title or Lender required.       Reviewer Comment (2019-07-17): AMC waived Exception: outside of the SFIG RMBS 3.0 TRID Compliance Review Scope


Reviewer Comment (2019-07-17): CD reflects Survey Fee "title" and is still not in the correct TRID compliant format of Title - Survey Fee.


Seller Comment (2019-07-17): Lender provided a CD datedXX/XX/XXXX.


Reviewer Comment (2019-07-17): While survey may have been a requirement of the purchase contract the contract goes on to say that the survey is for the purchaser's title company to obtain title insurance and per title commitment is required by the title company in order to provide the FL form 9 endorsement so would require the Title -.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the Survey fee was not required to have the Title - due to it being a requirement of the purchase contract.


Reviewer Comment (2019-07-17): Post consummation CD still does not reflect Title - for survey fee and review of title commitment indicates in order to obtain the FL 9 endorsement review of a survey is required by title.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
    XX/XX/XXXX  8:26:14 PM 2 B XX/XX/XXXX FL Second Home Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703740 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Title Fees TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX did not contain the "Title-" description. (InitiXX/XX/XXXX) Survey Fee is missing required “Title – “ in description.  Unable to determine if Title or Lender required.       Reviewer Comment (2019-07-17): AMC waived Exception: outside of the SFIG RMBS 3.0 TRID Compliance Review Scope


Reviewer Comment (2019-07-17): CD reflects Survey Fee "title" and is still not in the correct TRID compliant format of Title - Survey Fee.


Seller Comment (2019-07-17): Lender provided a CD datedXX/XX/XXXX.


Reviewer Comment (2019-07-17): While survey may have been a requirement of the purchase contract the contract goes on to say that the survey is for the purchaser's title company to obtain title insurance and per title commitment is required by the title company in order to provide the FL form 9 endorsement so would require the Title -.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the Survey fee was not required to have the Title - due to it being a requirement of the purchase contract.


Reviewer Comment (2019-07-17): Post consummation CD still does not reflect Title - for survey fee and review of title commitment indicates in order to obtain the FL 9 endorsement review of a survey is required by title.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
    XX/XX/XXXX  8:26:14 PM 2 B XX/XX/XXXX FL Second Home Purchase Good Faith Redisclosure D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703741 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   TRID non-compliant: CD datedXX/XX/XXXXid not reflect any payees on fees shown in sections B and C.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:52:15 PM   2 B XX/XX/XXXX FL Second Home Purchase   D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703741 XXXX XX/XX/XXXX  5:39:33 PM Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   TRID non-compliant: CD datedXX/XX/XXXXid not reflect any payees on fees shown in sections B and C.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  2:52:15 PM   2 B XX/XX/XXXX FL Second Home Purchase   D B D B D B A A Non QM Non QM Yes
XXX 22NQM2 - 230 XXXX   12703742 XXXX XX/XX/XXXX  5:39:33 PM Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines show minimum loan amount of $200,000 for Foreign National Program. Subject loan amount is $XXXX. Lender exception is in file approving the lower loan amount. 18 months reserves > 12 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower on this Full documentation loan has a disposable income of $XXXX is in excess of $XXXX.

XX% DTI on this Full documentation loan < 43% guideline max
    Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  12:37:06 AM 2 B XX/XX/XXXX FL Second Home Purchase   D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 230 XXXX   12703742 XXXX XX/XX/XXXX  5:39:33 PM Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines show minimum loan amount of $200,000 for Foreign National Program. Subject loan amount is $XXXX. Lender exception is in file approving the lower loan amount. 18 months reserves > 12 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower on this Full documentation loan has a disposable income of $XXXX is in excess of $XXXX.

XX% DTI on this Full documentation loan < 43% guideline max
    Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  12:37:06 AM 2 B XX/XX/XXXX FL Second Home Purchase   D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 230 XXXX   12703746 XXXX XX/XX/XXXX  5:39:33 PM Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines require a minimum of 5 comparable sales on the appraisal for subject property. Subject appraisal shows 3 sales and 1 active listing. Lender exception is in file approving the insufficient comp sales. 18 months reserves > 12 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower on this Full documentation loan has a disposable income of $XXXX is in excess of $XXXX.

XX% DTI on this Full documentation loan < 43% guideline max
    Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  12:38:49 AM 2 B XX/XX/XXXX FL Second Home Purchase   D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 230 XXXX   12703746 XXXX XX/XX/XXXX  5:39:33 PM Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines require a minimum of 5 comparable sales on the appraisal for subject property. Subject appraisal shows 3 sales and 1 active listing. Lender exception is in file approving the insufficient comp sales. 18 months reserves > 12 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower on this Full documentation loan has a disposable income of $XXXX is in excess of $XXXX.

XX% DTI on this Full documentation loan < 43% guideline max
    Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  12:38:49 AM 2 B XX/XX/XXXX FL Second Home Purchase   D B D B D B A A Non QM Non QM No
XXX 22NQM2 - 225 XXXX   12703747 XXXX XX/XX/XXXX  5:39:36 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX CA Investment Refinance - Cash-out - Other   B B A A B B A A N/A   No
XXX 22NQM2 - 232 XXXX   12703762 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.56900% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%.         Reviewer Comment (2019-07-17): system
      2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation   D B C B D B A A Non QM Non QM No
XXX 22NQM2 - 232 XXXX   12703765 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Alternate Table Usage TILA-RESPA Integrated Disclosure – Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. 3 LE disclosures were issued on the "With Seller" form, and 4 LE disclosures were issued on the "Without Seller" form.       Reviewer Comment (2019-07-17): Review of the file reflects that although tables inconsistent, both table usage is correct and final LE is without seller and all CD's are with seller indicating that the consistent use of tables was provided at the end of the transaction.  Condition cured.


Seller Comment (2019-07-17): Lender requested further guidance on how to cure.
  XX/XX/XXXX  12:20:40 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703767 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD correcting the number of months.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.


Reviewer Comment (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
  XX/XX/XXXX  9:10:41 AM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703769 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX) Disclosure reflects TOP of $1,770,302.92 but calculated TOP of $1,770,355.94.  Variance = $53.02.  Please note that an unsigned post closing CD was submitted to reviewer.  This post closing CD appears to reflect the accurate TOP amount of $1,770,355.94.       Reviewer Comment (2019-07-17): Lender cured with post consummation Closing Disclosure datedXX/XX/XXXX.
  XX/XX/XXXX  3:28:29 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703770 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for various 0% tolerance violations $1652.97 was not provided and this amount was not identified on page 3 as the amount by which the legal limit was exceeded.       Reviewer Comment (2019-07-17): Cure amount and docs provided reflect sufficient refund for tolerance cure;however, are dated outside 60 days of consummation.  Client requests cure review under 130(b).  Based on 130(b) cure provided within 60 days of discovery.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower, refund check and evidence of delivery.


Reviewer Comment (2019-07-17): Based on review of the documentation provided it appears the changed program may be due to mortgage lasts in the last 12 months; however, the credit report in the file is dated XX/XX/XXXX versus COC onXX/XX/XXXX


Seller Comment (2019-07-17): Lender provided a copy of the rate lock, commentary reflecting program change and copy of the prior u/w comments.


Reviewer Comment (2019-07-17): Although lender provided a copy of the rate lock / pricing changes, no documentation on a valid COC for the increased rate / pricing was provided only the history of the changes were provided.  A valid COC would consist of:  A valid change of circumstance must fall into one of the following categories per 12 CFR 1026.19(e)(3)(iv):
(A) Changed Circumstance affecting settlement charges;
(B) Changed Circumstance affecting eligibility;
(C) Revisions requested by the consumer;
(D) Interest Rate Dependent Charges;
(E) Expiration; or
(F) Delayed settlement on a construction loan.


Seller Comment (2019-07-17): Lender provided a copy of the rate lock / pricing change history.
  XX/XX/XXXX  9:28:55 AM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703772 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InitiXX/XX/XXXX) Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD correcting the number of months.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.


Reviewer Comment (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
  XX/XX/XXXX  9:10:50 AM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703773 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX) Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD correcting the number of months.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.


Reviewer Comment (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
  XX/XX/XXXX  9:10:57 AM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703774 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (InterXX/XX/XXXX) Section F reflects 12 months equal to $1581.99.  Section G reflects 12 months equal to $6989.04.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD correcting the number of months.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.


Reviewer Comment (2019-07-17): It appears based on the prepaid amount and the invoiced amount that the prepaid months reflected on the CD is not correct at 12 months.


Seller Comment (2019-07-17): Lender provided a rebuttal indicating that the amount collected on the CD was the amount per the invoice.
  XX/XX/XXXX  9:11:03 AM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703775 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided onXX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX) Line 02 of section B:  Collateral Desktop Analysis was paid to Caliber Home Loans.  In order to be compliant this must have been paid FBO of the actual vendor.       Reviewer Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct payee of Clear Capital which matches the invoice in the file.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation Closing Disclosure datedXX/XX/XXXX that reflects the correct payee of Clear Capital.
  XX/XX/XXXX  3:30:31 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703776 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Discount Point Percentage TILA-RESPA Integrated Disclosure - Loan Costs: Loan Estimate provided onXX/XX/XXXX disclosed a Discount Point percentage that does not match calculated percentage of loan amount. (InterXX/XX/XXXX) .666% should have been .665%  ($4402 / $661500 = .66545729%)       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:01 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703777 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Discount Point Percentage TILA-RESPA Integrated Disclosure - Loan Costs: Loan Estimate provided onXX/XX/XXXX disclosed a Discount Point percentage that does not match calculated percentage of loan amount. (InterXX/XX/XXXX) .9XX% should have been .9XX%  ($6056 / $661500 = .91549509%)       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:09 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703778 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $11501, but should have reflected $16348.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:26 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703779 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided onXX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $10297, but should have reflected $18329.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:31 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703780 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided onXX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $10297, but should have reflected $18365.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:36 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703781 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Closing Costs Financed Without Seller TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Loan Estimate provided onXX/XX/XXXX disclosed Estimated Closing Costs Financed that does not match the actual closing costs financed calculation. (InterXX/XX/XXXX) The calculation would be Loan Amount less Payoffs.  If this is <=0, then there are no financed closing costs.  If this is >0, then the closing costs financed is the lesser of this amount or the Total Closing Costs (J) – POC amount.  CD reflects $10297, but should have reflected $15415.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:39 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703782 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed Estimated Total Monthly Payment (maximum) that does not match the sum of disclosed payments. (ProjSeq:3/6899) Disclosure reflects $8005, but should be $8006 base on the math for year 7.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:50 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703783 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1.00000 that does not match the actual total payment for the loan. (ProjSeq:1/6897) Disclosure reflects $6126, but should be $6127.  Amount should be rounded to the nearest whole dollar.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:54 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703784 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Initial Payment TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided onXX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1.00000 that does not match the actual total payment for the loan. (ProjSeq:1/6927) Disclosure reflects $6395, but should be $6394.  Amount should be rounded to the nearest whole dollar.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:25:58 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703785 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 2.00000 that does not match the actual total payment for the loan. (ProjSeq:2/6898) Disclosure reflects minimum payment of $6126, but should be $6127 based on the math (5321 plus 806 = 6127).       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:26:02 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703786 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 3.00000 that does not match the actual total payment for the loan. (ProjSeq:3/6899) Disclosure reflects minimum payment of $6126, but should be $6127 based on the math (5321 plus 806 = 6127).       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:26:06 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703787 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Estimated Total Minimum Payment Adjustable Rate Subsequent Payment TILA-RESPA Integrated Disclosure - Projected Payments: Loan Estimate provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 4.00000 that does not match the actual total payment for the loan. (ProjSeq:4/6900) Disclosure reflects minimum payment of $6126, but should be $6127 based on the math (5321 plus 806 = 6127).       Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  3:26:10 PM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703788 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided. Cure for various 0% tolerance violations $1652.97 was not provided.       Reviewer Comment (2019-07-17): Cure amount and docs provided reflect sufficient refund for tolerance cure;however, are dated outside 60 days of consummation.  Client requests cure review under 130(b).  Based on 130(b) cure provided within 60 days of discovery.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower, refund check and evidence of delivery.


Reviewer Comment (2019-07-17): Based on review of the documentation provided it appears the changed program may be due to mortgage lasts in the last 12 months; however, the credit report in the file is dated XX/XX/XXXX versus COC onXX/XX/XXXX


Seller Comment (2019-07-17): Lender provided a copy of the rate lock, commentary reflecting program change and copy of the prior u/w comments.


Reviewer Comment (2019-07-17): Although lender provided a copy of the rate lock / pricing changes, no documentation on a valid COC for the increased rate / pricing was provided only the history of the changes were provided.  A valid COC would consist of:  A valid change of circumstance must fall into one of the following categories per 12 CFR 1026.19(e)(3)(iv):
(A) Changed Circumstance affecting settlement charges;
(B) Changed Circumstance affecting eligibility;
(C) Revisions requested by the consumer;
(D) Interest Rate Dependent Charges;
(E) Expiration; or
(F) Delayed settlement on a construction loan.


Seller Comment (2019-07-17): Lender provided a copy of the rate lock / pricing change history.
  XX/XX/XXXX  9:29:02 AM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 232 XXXX   12703790 XXXX XX/XX/XXXX  5:39:38 PM Credit Credit Miscellaneous Guideline Credit Exception:   Reserve requirement exception. Three months PITI required + open XXXX balance. Borrower has insufficient reserves to cover required PITI reserves for program and additionally borrower is short reserves to cover the open XXXX balance. Lender Approved Exception. The borrower is saving $XXXX in monthly expenses by paying off and closing numerous short liabilities with proceeds from this transaction. The overall mortgage payment is increasing $XXXX for a net increase to monthly expenses of $XXXX and receiving $XXXX cash in hand for home repairs (non-structural) and a car for the family. The overall payment shock is minimal at 27%.

Residual income of $XXXX is in excess of program requirement of $XXXX.
    Reviewer Comment (2019-07-17): Client Waived
    XX/XX/XXXX  12:23:19 AM 2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation   D B C B D B A A Non QM Non QM No
XXX 22NQM2 - 232 XXXX   12703791 XXXX XX/XX/XXXX  5:39:38 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $5,890.72 exceeds tolerance of $4,402.00. (7200) Increase in this fee was not disclosed on the LE's prior toXX/XX/XXXXValid Change in Circumstance was not documented for the LE's datedXX/XX/XXXXndXX/XX/XXXXwhen increase in fee was originally disclosed).  The rate was already locked upon issuance of the LE dated 1/20/16.       Reviewer Comment (2019-07-17): Cure amount and docs provided reflect sufficient refund for tolerance cure;however, are dated outside 60 days of consummation.  Client requests cure review under 130(b).  Based on 130(b) cure provided within 60 days of discovery.  Condition cured.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX, letter to the borrower, refund check and evidence of delivery.


Reviewer Comment (2019-07-17): Based on review of the documentation provided it appears the changed program may be due to mortgage lasts in the last 12 months; however, the credit report in the file is dated XX/XX/XXXX versus COC onXX/XX/XXXX


Seller Comment (2019-07-17): Lender provided a copy of the rate lock, commentary reflecting program change and copy of the prior u/w comments.


Reviewer Comment (2019-07-17): Although lender provided a copy of the rate lock / pricing changes, no documentation on a valid COC for the increased rate / pricing was provided only the history of the changes were provided.  A valid COC would consist of:  A valid change of circumstance must fall into one of the following categories per 12 CFR 1026.19(e)(3)(iv):
(A) Changed Circumstance affecting settlement charges;
(B) Changed Circumstance affecting eligibility;
(C) Revisions requested by the consumer;
(D) Interest Rate Dependent Charges;
(E) Expiration; or
(F) Delayed settlement on a construction loan.


Seller Comment (2019-07-17): Lender provided copies of the rate lock breakdown to follow the timeline of the lock / pricing changes.
  XX/XX/XXXX  9:29:08 AM   2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 233 XXXX   12704286 XXXX XX/XX/XXXX  5:40:05 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $450.00. (7506)         Reviewer Comment (2019-07-17): Cured with $150 lender credit at closing
  XX/XX/XXXX  9:00:44 AM   2 B XX/XX/XXXX WI Investment Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 233 XXXX   12704286 XXXX XX/XX/XXXX  5:40:05 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $450.00. (7506)         Reviewer Comment (2019-07-17): Cured with $150 lender credit at closing
  XX/XX/XXXX  9:00:44 AM   2 B XX/XX/XXXX WI Investment Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 233 XXXX   12704287 XXXX XX/XX/XXXX  5:40:05 PM Credit Credit Credit Eligibility Credit Guideline Issue: Derogatory consumer credit outside of credit guidelines   Less than 24 months from a chapter 13 bankruptcy discharge.  Lender approved exception The borrower has additional income which is not being used in the effective income (rental income from borrowers 2 unit primary residence and positive sch c income from XXXX)

DTI of XX% is below program max of 43%

Residual income of $XXXX is above minimum required amount of $XXXX
    Reviewer Comment (2019-07-17): Client waived
    XX/XX/XXXX  7:23:40 PM 2 B XX/XX/XXXX WI Investment Purchase   C B C B C B A A N/A N/A No
XXX 22NQM2 - 233 XXXX   12704287 XXXX XX/XX/XXXX  5:40:05 PM Credit Credit Credit Eligibility Credit Guideline Issue: Derogatory consumer credit outside of credit guidelines   Less than 24 months from a chapter 13 bankruptcy discharge.  Lender approved exception The borrower has additional income which is not being used in the effective income (rental income from borrowers 2 unit primary residence and positive sch c income from XXXX)

DTI of XX% is below program max of 43%

Residual income of $XXXX is above minimum required amount of $XXXX
    Reviewer Comment (2019-07-17): Client waived
    XX/XX/XXXX  7:23:40 PM 2 B XX/XX/XXXX WI Investment Purchase   C B C B C B A A N/A N/A No
XXX 22NQM2 - 233 XXXX   12704288 XXXX XX/XX/XXXX  5:40:05 PM Credit Credit Credit Eligibility Guideline Guideline Issue: Derogatory mortgage payments outside of credit guidelines   1x30  rolling for 12 months when 0x30 required.  Lender approved exception. The borrower has additional income which is not being used in the effective income (rental income from borrowers 2 unit primary residence and positive sch c income from XXXX)

DTI of XX% is below program max of 43%

Residual income of $XXXX is above minimum required amount of $XXXX
    Reviewer Comment (2019-07-17): Client waived
    XX/XX/XXXX  7:23:51 PM 2 B XX/XX/XXXX WI Investment Purchase   C B C B C B A A N/A N/A No
XXX 22NQM2 - 233 XXXX   12704288 XXXX XX/XX/XXXX  5:40:05 PM Credit Credit Credit Eligibility Guideline Guideline Issue: Derogatory mortgage payments outside of credit guidelines   1x30  rolling for 12 months when 0x30 required.  Lender approved exception. The borrower has additional income which is not being used in the effective income (rental income from borrowers 2 unit primary residence and positive sch c income from XXXX)

DTI of XX% is below program max of 43%

Residual income of $XXXX is above minimum required amount of $XXXX
    Reviewer Comment (2019-07-17): Client waived
    XX/XX/XXXX  7:23:51 PM 2 B XX/XX/XXXX WI Investment Purchase   C B C B C B A A N/A N/A No
XXX 22NQM2 - 233 XXXX   12704289 XXXX XX/XX/XXXX  5:40:05 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 660. FICO score of 660 required for non-warrantable condo, borrower FICO XXX.  Lender approved exception. The borrower has additional income which is not being used in the effective income (rental income from borrowers 2 unit primary residence and positive sch c income from XXXX)

DTI of XX% is below program max of 43%

Residual income of $XXXX is above minimum required amount of $XXXX
    Reviewer Comment (2019-07-17): Client waived
    XX/XX/XXXX  7:24:02 PM 2 B XX/XX/XXXX WI Investment Purchase   C B C B C B A A N/A N/A No
XXX 22NQM2 - 233 XXXX   12704289 XXXX XX/XX/XXXX  5:40:05 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 660. FICO score of 660 required for non-warrantable condo, borrower FICO XXX.  Lender approved exception. The borrower has additional income which is not being used in the effective income (rental income from borrowers 2 unit primary residence and positive sch c income from XXXX)

DTI of XX% is below program max of 43%

Residual income of $XXXX is above minimum required amount of $XXXX
    Reviewer Comment (2019-07-17): Client waived
    XX/XX/XXXX  7:24:02 PM 2 B XX/XX/XXXX WI Investment Purchase   C B C B C B A A N/A N/A No
XXX 22NQM2 - 233 XXXX   12704291 XXXX XX/XX/XXXX  5:40:05 PM Compliance Compliance Federal Compliance TRID TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   Final CD in file reflects title agent fees in section B, lender SSPL does not reflect title agent and title fees should be reflected in section C.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD having the title fees in the correct section.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
  XX/XX/XXXX  6:23:11 PM   2 B XX/XX/XXXX WI Investment Purchase Good Faith Redisclosure C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 233 XXXX   12704291 XXXX XX/XX/XXXX  5:40:05 PM Compliance Compliance Federal Compliance TRID TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   Final CD in file reflects title agent fees in section B, lender SSPL does not reflect title agent and title fees should be reflected in section C.       Reviewer Comment (2019-07-17): Lender cured with post consummation CD having the title fees in the correct section.


Seller Comment (2019-07-17): Lender provided a post consummation CD datedXX/XX/XXXX.
  XX/XX/XXXX  6:23:11 PM   2 B XX/XX/XXXX WI Investment Purchase Good Faith Redisclosure C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 234 XXXX   12704410 XXXX XX/XX/XXXX  5:40:17 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.03300% or Final Disclosure APR of 8.03300% is in excess of allowable threshold of APOR 3.64% + 2.5%, or 6.14000%. Guidelines allow for HPML transactions.               2 B XX/XX/XXXX CA Primary Purchase   C B C B B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 234 XXXX   12704411 XXXX XX/XX/XXXX  5:40:17 PM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 8.03300% or Final Disclosure APR of 8.03300% is in excess of allowable threshold of APOR 3.64% + 2.5%, or 6.14000%. Guidelines allow for HPML transactions.               2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B C B B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 234 XXXX   12704413 XXXX XX/XX/XXXX  5:40:17 PM Credit Credit Miscellaneous Guideline Credit Exception:   Missing guidelines required tax transcripts, per file borrowers were victims of identity theft and transcripts were not available, lender was able to verify tax payments with e-file docs.  Lender approved exception. 39.454% DTI on this Full documentation loan < 50% guideline max - 10.546% below program guideline maximum

Number of Months Verified Reserves: $XXXX- $XXXX CTC= $XXXX/$XXXX= XX months in post-closing reserves.

Residual Income: Required Income: $XXXX; Verified $XXXX; Excess of $XXXX.
    Reviewer Comment (2019-07-17): Client waived
    XX/XX/XXXX  4:26:14 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 235 XXXX   12704441 XXXX XX/XX/XXXX  5:40:20 PM Compliance Compliance Federal Compliance Compliance TRID non-compliant:  Closing Disclosure Contact Information is incomplete.   Settlement Agent License ID not present.. Corrected on post closing CD 6.3.16.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CD.
  XX/XX/XXXX  5:03:21 PM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 235 XXXX   12704441 XXXX XX/XX/XXXX  5:40:20 PM Compliance Compliance Federal Compliance Compliance TRID non-compliant:  Closing Disclosure Contact Information is incomplete.   Settlement Agent License ID not present.. Corrected on post closing CD 6.3.16.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CD.
  XX/XX/XXXX  5:03:21 PM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
XXX 22NQM2 - 235 XXXX   12704442 XXXX XX/XX/XXXX  5:40:20 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.77140% or Final Disclosure APR of 9.77100% is in excess of allowable threshold of APOR 3.61% + 1.5%, or 5.11000%. verified fees were input correctly               2 B XX/XX/XXXX FL Primary Purchase   D B D A D B A A Non QM Non QM No
XXX 22NQM2 - 235 XXXX   12704442 XXXX XX/XX/XXXX  5:40:20 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.77140% or Final Disclosure APR of 9.77100% is in excess of allowable threshold of APOR 3.61% + 1.5%, or 5.11000%. verified fees were input correctly               2 B XX/XX/XXXX FL Primary Purchase   D B D A D B A A Non QM Non QM No
XXX 22NQM2 - 215 XXXX   12704462 XXXX XX/XX/XXXX  5:40:23 PM Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Safe Harbor QM.         Reviewer Comment (2019-07-17): Lender cured with correction of designation as SafeHarbor QM


Seller Comment (2019-07-17): Lender provided a compliance report indicating that the loan is SafeHarbor QM
  XX/XX/XXXX  1:29:28 PM   2 B XX/XX/XXXX IN Primary Purchase Lender to provide updated ATR/QM status D B A A D B A A Safe Harbor QM Safe Harbor QM Yes
XXX 22NQM2 - 215 XXXX   12704463 XXXX XX/XX/XXXX  5:40:23 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX) Disclosure signed at closing references a previous waiver.  Borrower did not sign the Waiver on the previous disclosure.  Unable to determine if borrower waived their rights to receipt of appraisal 3 days prior to closing.  There was also no evidence that the copy of the appraisal was provided to the borrower at closing.  The disclosure states the report should have been provided, it does not state that it was provided to the borrower.               2 B XX/XX/XXXX IN Primary Purchase   D B A A D B A A Safe Harbor QM Safe Harbor QM No
XXX 22NQM2 - 236 XXXX   12704493 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Property Taxes Escrow TILA-RESPA Integrated Disclosure - Other Costs: Loan Estimate provided on XX/XX/XXXX disclosed property taxes figures under Initial Escrow Payment at Closing that does not match amount per month calculation. (InitiXX/XX/XXXX) Total Property Taxes stated in Section G states $2188.00 however the calculated total is $2186.       Reviewer Comment (2019-07-17): Data was corrected on subsequent disclosure.
  XX/XX/XXXX  3:27:26 PM   2 B XX/XX/XXXX CA Primary Purchase Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 236 XXXX   12704494 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $550.00 exceeds tolerance of $475.00. (7506)         Reviewer Comment (2019-07-17): Final CD reflects $98.50 Lender Credit for tolerance cure.  $75 appraisal and $23.50 recording fee.
  XX/XX/XXXX  3:35:26 PM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 236 XXXX   12704496 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.98840% or Final Disclosure APR of 6.01200% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%. verified fees were input correctly.               2 B XX/XX/XXXX CA Primary Purchase   D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 236 XXXX   12704497 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 5.98840% or Final Disclosure APR of 6.01200% is in excess of allowable threshold of APOR 3.14% + 2.5%, or 5.64000%. verified fees were input correctly.               2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 236 XXXX   12704498 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance TRID Defect TRID - Ten Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $150.00 exceeds tolerance of $115.00 plus 10% or $126.50 (0)         Reviewer Comment (2019-07-17): Final CD reflects $98.50 Lender Credit for tolerance cure.  $75 appraisal and $23.50 recording fee.
  XX/XX/XXXX  3:35:40 PM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 237 XXXX   12704499 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX) Valid exception.               2 B XX/XX/XXXX TN Primary Purchase   D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 237 XXXX   12704499 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX) Valid exception.               2 B XX/XX/XXXX TN Primary Purchase   D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 237 XXXX   12704500 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.64370% or Final Disclosure APR of 8.XXX00% is in excess of allowable threshold of APOR 3.2XX% + 1.5%, or 4.78000%.                 2 B XX/XX/XXXX TN Primary Purchase   D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 237 XXXX   12704500 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.64370% or Final Disclosure APR of 8.XXX00% is in excess of allowable threshold of APOR 3.2XX% + 1.5%, or 4.78000%.                 2 B XX/XX/XXXX TN Primary Purchase   D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 237 XXXX   12704501 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Negative Fees TRID-RESPA Integrated Disclosure - Closing Disclosure provided onXX/XX/XXXX disclosed a negative fee amount. (InitiXX/XX/XXXX) Disclosure reflects a negative fee for Owner's Title Insurance in Section H.  This is TRID non-compliant.       Reviewer Comment (2019-07-17): Lender cured with re-disclosed CD same day as initial on XX/XX/XXXX and subsequent CD's reflecting no negative fees.
  XX/XX/XXXX  10:40:54 AM   2 B XX/XX/XXXX TN Primary Purchase Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 237 XXXX   12704501 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Negative Fees TRID-RESPA Integrated Disclosure - Closing Disclosure provided onXX/XX/XXXX disclosed a negative fee amount. (InitiXX/XX/XXXX) Disclosure reflects a negative fee for Owner's Title Insurance in Section H.  This is TRID non-compliant.       Reviewer Comment (2019-07-17): Lender cured with re-disclosed CD same day as initial on XX/XX/XXXX and subsequent CD's reflecting no negative fees.
  XX/XX/XXXX  10:40:54 AM   2 B XX/XX/XXXX TN Primary Purchase Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 237 XXXX   12704513 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Interest Rate Change After Closing TILA-RESPA Integrated Disclosure - Loan Terms: Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the Interest Rate can change. (InitiXX/XX/XXXX)         Reviewer Comment (2019-07-17): AMC waived Exception: outside of the SFIG RMBS 3.0 TRID Compliance Review Scope
    XX/XX/XXXX  8:26:14 PM 2 B XX/XX/XXXX TN Primary Purchase Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 237 XXXX   12704513 XXXX XX/XX/XXXX  5:40:26 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Interest Rate Change After Closing TILA-RESPA Integrated Disclosure - Loan Terms: Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether the Interest Rate can change. (InitiXX/XX/XXXX)         Reviewer Comment (2019-07-17): AMC waived Exception: outside of the SFIG RMBS 3.0 TRID Compliance Review Scope
    XX/XX/XXXX  8:26:14 PM 2 B XX/XX/XXXX TN Primary Purchase Good Faith Redisclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 292 XXXX   12704528 XXXX XX/XX/XXXX  5:40:30 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.81946% or Final Disclosure APR of 6.83100% is in excess of allowable threshold of APOR 3.23% + 1.5%, or 4.73000%.                 2 B XX/XX/XXXX TX Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 238 XXXX   12704682 XXXX XX/XX/XXXX  5:40:47 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.04460% or Final Disclosure APR of 6.04500% is in excess of allowable threshold of APOR 3.2XX% + 2.5%, or 5.78000%. HPML per lender's compliance testing.               2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 238 XXXX   12704684 XXXX XX/XX/XXXX  5:40:47 PM Credit Credit Credit Documentation Credit Credit Report Error: Missing source document for credit/housing history.   Lender approved an exception allowing for reduced 24 months housing history due to borrower's not having cancelled checks prior to XX/XXXX, borrower provided lease and VOR was obtained. Minimum housing payment increase of 29.703%

Guidelines require 9 months, verified XX months.

Residual income of $XXXX exceeds required of $XXXX
    Reviewer Comment (2019-07-17): Client elects to Waive.
    XX/XX/XXXX  5:04:56 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 238 XXXX   12704685 XXXX XX/XX/XXXX  5:40:47 PM Compliance Compliance Federal Compliance Compliance TRID non-compliant:  Closing Disclosure Contact Information is incomplete.   Final CD is missing title agent's State ID.       Reviewer Comment (2019-07-17): Data correct on subsequent CDs (SFIG).
  XX/XX/XXXX  11:33:31 AM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 239 XXXX   12704691 XXXX XX/XX/XXXX  5:40:51 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.88420% or Final Disclosure APR of 6.88400% is in excess of allowable threshold of APOR 3.XX% + 1.5%, or 4.65000%.                 2 B XX/XX/XXXX OR Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 239 XXXX   12704692 XXXX XX/XX/XXXX  5:40:51 PM Compliance Compliance Federal Compliance TRID TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InitiXX/XX/XXXX) XX/XX/XXXX CD is noted to be "estimated". It reflects a $44.15 credit.  "Calculating Cash to Close" section identifies this as a tolerance cure, however, the figure is not reflected in "Total Closing Costs" Section J, in the Lender Credit Column, as required.               2 B XX/XX/XXXX OR Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 239 XXXX   12704693 XXXX XX/XX/XXXX  5:40:51 PM Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing vs Closing Disclosure TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (InterXX/XX/XXXX) LE is datedXX/XX/XXXX, which is the same date as the earliest CD found in file.  ThisXX/XX/XXXX CD is identified as an "Estimated" CD.               2 B XX/XX/XXXX OR Primary Purchase No Defined Cure C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 239 XXXX   12704696 XXXX XX/XX/XXXX  5:40:51 PM Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of 85.00000% exceeds Guideline loan to value percentage of 80.00000%. Max LTV is 80% due to 5% reduction required because Alternate Credit was used.  Lender exception in file approves this LTV variance. Borrower on this Full documentation loan has a disposable income of $XXXX

XX%% DTI on this Full documentation loan < 43% guideline max - XX% below program guideline maximum
    Reviewer Comment (2019-07-17): Client elects to Waive.
    XX/XX/XXXX  5:28:27 PM 2 B XX/XX/XXXX OR Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 241 XXXX   12704721 XXXX XX/XX/XXXX  5:40:54 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.307XX% or Final Disclosure APR of 7.33400% is in excess of allowable threshold of APOR 3.61% + 2.5%, or 6.11000%.                 2 B XX/XX/XXXX NV Primary Purchase   C B A A C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 241 XXXX   12704723 XXXX XX/XX/XXXX  5:40:54 PM Compliance Compliance Federal Compliance TRID Defect TRID - Ten Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $125.00 exceeds tolerance of $100.00 plus 10% or $110.00 (0) ($15.00) violation due to increase in (recording fee(s)).       Reviewer Comment (2019-07-17): Cure provided on Final CD.
  XX/XX/XXXX  1:10:10 PM   2 B XX/XX/XXXX NV Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 240 XXXX   12704725 XXXX XX/XX/XXXX  5:40:55 PM Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. MIssing YTD 2016 P&L and Balance Sheet and most recent 2 years business returns as well as executed 2015/2014 personal returns.  The file only contains 2014/2015 unexecuted personal returns and P&L and Balance sheet for period ending 7/2015.       Reviewer Comment (2019-07-17): Client elects to waive guideline requirements for Foreign National and use T4s for income.
    XX/XX/XXXX  12:09:57 PM 1 A XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 240 XXXX   12704728 XXXX XX/XX/XXXX  5:40:55 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Closing date is XXXX               2 B XX/XX/XXXX CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 240 XXXX   12704729 XXXX XX/XX/XXXX  5:40:55 PM Credit Credit Miscellaneous Guideline Credit Exception:   US Depository assets seasoned <30 days and using business assets for reserves which is not allowed per guidelines.  Lender approved exception for both. Maximum LTV 70%, actual 63.89XX%

Maximum DTI 43%, actual XX%

Required residual $XXXX, actual $XXXX
    Reviewer Comment (2019-07-17): Client elects to Waive.
    XX/XX/XXXX  5:36:06 PM 2 B XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 242 XXXX   12704770 XXXX XX/XX/XXXX  5:40:57 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.931XX% or Final Disclosure APR of 6.93700% is in excess of allowable threshold of APOR 3.XX% + 2.5%, or 5.65000%. Annual percentage rate of 6.937% exceeds threshold of 5.65%.               2 B XX/XX/XXXX TX Primary Purchase   C B A A C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 243 XXXX   12704836 XXXX XX/XX/XXXX  5:41:05 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.82270% or Final Disclosure APR of 7.82300% is in excess of allowable threshold of APOR 3.49% + 1.5%, or 4.99000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 243 XXXX   12704837 XXXX XX/XX/XXXX  5:41:05 PM Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Title - Search fee $200.00, Title - Settlement Agent fee $695.00, Transfer Tax fee $924.00, HOA Estoppel fee $150.00, and Municipal Lien Search fee $335.00 were reflected on the Seller's CD, however were not reflected on the Borrower's Final CD.       Reviewer Comment (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
      2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 243 XXXX   12704838 XXXX XX/XX/XXXX  5:41:05 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580) Fee disclosed as ($90.00) on (LE dated XX/XX/XXXX but disclosed as ($92.00) on Final Closing Disclosure.       Reviewer Comment (2019-07-17): Cure provided on Final CD.
  XX/XX/XXXX  10:24:54 AM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 245 XXXX   12704869 XXXX XX/XX/XXXX  5:41:07 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided onXX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): Lender cured with post consummation CD datedXX/XX/XXXX.
  XX/XX/XXXX  9:30:45 AM   1 A XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B A A A B A A A Non QM Non QM Yes
XXX 22NQM2 - 244 XXXX   12704870 XXXX XX/XX/XXXX  5:41:07 PM Credit Credit Miscellaneous Guideline Credit Exception:   Guideline required mortgage history of 0x30x12 not met, lender verified only 4 months mortgage history.  Lender approved exception. Borrower on this full documentation loan has residual income of $8,966.

LTV of 75% is less than 80%.

XX% DTI on this full documentation loan < 43.00% guideline max - XX% below program guideline maximum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  5:26:23 PM 2 B XX/XX/XXXX AZ Investment Purchase   C B C B C B A A N/A N/A No
XXX 22NQM2 - 244 XXXX   12704871 XXXX XX/XX/XXXX  5:41:07 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $625.00 exceeds tolerance of $550.00. (7506)         Reviewer Comment (2019-07-17): Lender cured on the final CD with a tolerance cure of $77.
  XX/XX/XXXX  12:19:14 PM   2 B XX/XX/XXXX AZ Investment Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 244 XXXX   12704872 XXXX XX/XX/XXXX  5:41:07 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580)         Reviewer Comment (2019-07-17): Lender cured on the final CD with a tolerance cure of $77.
  XX/XX/XXXX  12:19:28 PM   2 B XX/XX/XXXX AZ Investment Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 244 XXXX   12704874 XXXX XX/XX/XXXX  5:41:07 PM Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   TRID non-compliant.  Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller Title - Escrow Closing fee of $346.50, Title - Transaction Processing fee of $225, HOA - Resale Discl fee of $277, HOA - Resale Disclosure pkg fee of $23 and HOA - Transfer fee were reflected on Seller CD but were not on Borrower final CD.       Reviewer Comment (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
      2 B XX/XX/XXXX AZ Investment Purchase   C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 246 XXXX   12704903 XXXX XX/XX/XXXX  5:41:11 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.51160% or Final Disclosure APR of 6.51200% is in excess of allowable threshold of APOR 3.XX% + 2.5%, or 5.65000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX CA Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 246 XXXX   12704905 XXXX XX/XX/XXXX  5:41:11 PM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 6.51160% or Final Disclosure APR of 6.51200% is in excess of allowable threshold of APOR 3.XX% + 2.5%, or 5.65000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 246 XXXX   12704906 XXXX XX/XX/XXXX  5:41:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Final CD Section F shows total 12 month premium of $2,130.04. Section G shows Homeowner's Insurance monthly premium of $173.34. 12 months using this premium amount is $2,080.08.               2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 246 XXXX   12704907 XXXX XX/XX/XXXX  5:41:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure of $456.66 was reflected which is insufficient to cure $479.18.               2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 246 XXXX   12704908 XXXX XX/XX/XXXX  5:41:11 PM Compliance Compliance Federal Compliance TRID Defect TRID - Ten Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,966.60 exceeds tolerance of $1,352.20 plus 10% or $1,487.42 (0) $479.18 violation due to increase in recording fees. $456.66 tolerance cure credit was provided at closing, which is insufficient for the total violation amount.       Reviewer Comment (2019-07-17): Received LOE, corrected CD, proof of delivery, and copy of check.


Reviewer Comment (2019-07-17): Post close CD provided issued 10/7 reflects a cure amount of $1445.54.  Missing copy of check, proof of delivery and LOE to borrower.


Reviewer Comment (2019-07-17): Lender fees not part of tolerance testing.  Fees included:  Settlement, Lender's Insurance, Notary and Recording.  Lender states Notary Fee not included on final CD, but that's erroneous.  Total of these fees on 8/29 CD equals $1352.20.  Total on final CD equal $1966.60.


Buyer Comment (2019-07-17): Before we request the additional cure check for $126.00 on this file, can you submit my rebuttal and revised CD attached and confirm AMC is okay with our calculations. This includes Exceptions: 1404142 and 1404143.
  XX/XX/XXXX  9:07:09 AM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 246 XXXX   12704909 XXXX XX/XX/XXXX  5:41:11 PM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided. Cure of $456.66 was reflected which is insufficient to cure $479.18.       Reviewer Comment (2019-07-17): Received LOE, corrected CD, proof of delivery, and copy of check.


Reviewer Comment (2019-07-17): Lender paid fees are not part of tolerance testing.  Fees included:  Settlement, Lender’s Insurance, Notary and Recording.  Total of these fees on 8/29 CD equals $1352.20.  Total on final CD equals $1966.60.


Buyer Comment (2019-07-17): XX/XX/XXXXDropped Revised Post Close CD and LOE Package to AMC for Consideration to apply to Exceptions: 1404142 and 1404143. JF
  XX/XX/XXXX  9:07:18 AM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 246 XXXX   12704913 XXXX XX/XX/XXXX  5:41:11 PM Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  The following Fees were reflected on the Seller's CD, however were not reflected on the Borrower's Final CD: $70 Property Tax Disclosure.
The following Fees were reflected on the Borrower's Final CD but were not reflected on the Seller's CD: $693.36 Homeowner's Insurance, $285 HOA Dues, $195 HOA Transfer/Maintenance Fee.
      Reviewer Comment (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
      2 B XX/XX/XXXX CA Primary Purchase   C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 247 XXXX   12704946 XXXX XX/XX/XXXX  5:41:15 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Provided Post Closing:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure provided after closing. Anti Steering Disclosure in file is datedXX/XX/XXXX, vs note date ofXX/XX/XXXX.               2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 247 XXXX   12704947 XXXX XX/XX/XXXX  5:41:15 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.501XX% or Final Disclosure APR of 6.50400% is in excess of allowable threshold of APOR 3.49% + 2.5%, or 5.99000%.  Compliant Higher Priced Loan. Loan fails Federal HPML Threshold Test               2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 247 XXXX   12704949 XXXX XX/XX/XXXX  5:41:15 PM Compliance Compliance Federal Compliance TRID TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure - Good Faith Violation: Homeowners Insurance Premium provided on Final Closing Disclosure was not previously disclosed to the borrower. (8500) Homeowners Insurance Premium not disclosed on Loan Estimate. Missing evidence of when lender was made aware of fee.               2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 247 XXXX   12704950 XXXX XX/XX/XXXX  5:41:15 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580) Fee disclosed as $90 on LE datedXX/XX/XXXX, but disclosed as $92 on Final CD.       Reviewer Comment (2019-07-17): Final CD reflects the required $2 tolerance cure.
  XX/XX/XXXX  4:49:42 PM   2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 247 XXXX   12704951 XXXX XX/XX/XXXX  5:41:15 PM Credit Credit Miscellaneous Guideline Credit Exception:   Loan file does not include 2 years tax returns for multiple businesses for which borrower has >25% ownership. Lender exception is provided approving this deviation to guidelines. Minimal housing expense increase with new PITIA $50 less than current PITIA.

Credit report shows 0x30x10 housing payment history.

25% DTI on this Full documentation loan < 50% guideline max - 25% below program guideline maximum

Borrower on this Full documentation loan has a disposable income of $XXXX
    Reviewer Comment (2019-07-17): Client elects to Waive.
    XX/XX/XXXX  11:36:15 AM 2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 248 XXXX   12704995 XXXX XX/XX/XXXX  5:41:18 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.972XX% or Final Disclosure APR of 6.97200% is in excess of allowable threshold of APOR 3.17% + 2.5%, or 5.67000%.  Compliant Higher Priced Loan. Loan fails Federal HPML Threshold Test               2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 248 XXXX   12704996 XXXX XX/XX/XXXX  5:41:18 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien TRID Final Closing DisclosureXX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX) No Seller paid fees disclosed       Reviewer Comment (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
      2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 248 XXXX   12704997 XXXX XX/XX/XXXX  5:41:18 PM Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.                 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 248 XXXX   12704998 XXXX XX/XX/XXXX  5:41:18 PM Credit Credit Miscellaneous Guideline Credit Exception:   Missing guideline required Desk Review. Housing payment history 0x30x60 which exceeds the requirement of 0x30x12.

Spouse has positive schedule C income that is not being used to qualify.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  2:53:05 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 250 XXXX   12705008 XXXX XX/XX/XXXX  5:41:20 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.05160% or Final Disclosure APR of 7.09400% is in excess of allowable threshold of APOR 3.46% + 1.5%, or 4.96000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 250 XXXX   12705009 XXXX XX/XX/XXXX  5:41:20 PM Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.                 2 B XX/XX/XXXX TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 250 XXXX   12705010 XXXX XX/XX/XXXX  5:41:20 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Document reflects Assumptions allowed and Note does not reflect the assumption verbage.               2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 250 XXXX   12705011 XXXX XX/XX/XXXX  5:41:20 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Loan Type TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Loan Type that does not match the actual loan type for the loan. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 250 XXXX   12705013 XXXX XX/XX/XXXX  5:41:20 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender approved exception to allow the higher DTI on a Non-Warrantable Condo Level 3 that restricts DTI to 43%. Income not reflected in effective income.  Borrower is currently working on PHD and once graduates in 5/2018 he will become a full time employee of the University with substantially higher income.

80% LTV < 85% maximum allowed

Residual income of $XXXX is > required of $800
    Reviewer Comment (2019-07-17): Client elects to Waive.
    XX/XX/XXXX  10:10:23 AM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 251 XXXX   12705032 XXXX XX/XX/XXXX  5:41:21 PM Credit Credit Miscellaneous Guideline Credit Exception:   Missing guideline required Desk Review. 707 representative FICO score > 620 guideline minimum - 87 points above guideline minimum     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  1:54:47 PM 2 B XX/XX/XXXX FL Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 251 XXXX   12705033 XXXX XX/XX/XXXX  5:41:21 PM Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   TRID non-compliant.  Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller's Record Termination fee of $23, Estoppel fee of $150, Settlement/Closing fee of $195 and Wire fee of $50 were reflected on Seller CD but not on Borrower final CD.       Reviewer Comment (2019-07-17): Captured Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
      2 B XX/XX/XXXX FL Second Home Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 251 XXXX   12705034 XXXX XX/XX/XXXX  5:41:21 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): Received copy of refund check, LOE, proof of delivery, and corrected CD.
  XX/XX/XXXX  9:18:09 AM   2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 251 XXXX   12705035 XXXX XX/XX/XXXX  5:41:21 PM Compliance Compliance Federal Compliance TRID Defect TRID - Ten Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $261.28 exceeds tolerance of $230.00 plus 10% or $253.00 (0) COC form in file indicates after initial GFE third party fees were required and lists Govt Recording fee of $258; however, a valid COC for the increase was not provided.       Reviewer Comment (2019-07-17): Received copy of refund check, LOE, proof of delivery, and corrected CD.


Reviewer Comment (2019-07-17): Baseline amount for recording fees is the initial LE and the amount is $230.  Required cure is $8.28 so $5 at closing does not cover the required cure amount.
  XX/XX/XXXX  9:17:56 AM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 251 XXXX   12705036 XXXX XX/XX/XXXX  5:41:21 PM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.         Reviewer Comment (2019-07-17): Received copy of refund check, LOE, proof of delivery, and corrected CD.
  XX/XX/XXXX  9:18:20 AM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 249 XXXX   12705045 XXXX XX/XX/XXXX  5:41:23 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.75000% or Final Disclosure APR of 7.75000% is in excess of allowable threshold of APOR 3.49% + 1.5%, or 4.99000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX CT Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 249 XXXX   12705050 XXXX XX/XX/XXXX  5:41:23 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.                 2 B XX/XX/XXXX CT Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 249 XXXX   12705052 XXXX XX/XX/XXXX  5:41:23 PM Compliance Compliance Federal Compliance Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX CT Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 249 XXXX   12705055 XXXX XX/XX/XXXX  5:41:23 PM Credit Credit Miscellaneous Guideline Credit Exception:   Missing guideline required Desk Review. Reserves of 15 months > required 9 months.     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  7:53:49 AM 2 B XX/XX/XXXX CT Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 249 XXXX   12705058 XXXX XX/XX/XXXX  5:41:23 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580)         Reviewer Comment (2019-07-17): Lender cured on the final CD with a $2 tolerance cure.
  XX/XX/XXXX  10:38:15 AM   2 B XX/XX/XXXX CT Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 252 XXXX   12705101 XXXX XX/XX/XXXX  5:41:27 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.41160% or Final Disclosure APR of 6.41200% is in excess of allowable threshold of APOR 3.53% + 2.5%, or 6.03000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX FL Primary Purchase   C B A B C B A A Non QM Non QM No
XXX 22NQM2 - 252 XXXX   12705103 XXXX XX/XX/XXXX  5:41:27 PM Compliance Compliance Federal Compliance TRID TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided onXX/XX/XXXX disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (InitiXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data was corrected on subsequent CDs (SFIG).
  XX/XX/XXXX  4:02:27 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A B C B A A Non QM Non QM Yes
XXX 22NQM2 - 252 XXXX   12705105 XXXX XX/XX/XXXX  5:41:27 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (FinXX/XX/XXXX) Line 1 of Section F, number of months is blank.               2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A B C B A A Non QM Non QM Yes
XXX 22NQM2 - 252 XXXX   12705106 XXXX XX/XX/XXXX  5:41:27 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): Performed compliance review with Seller paid Fees from an alternative source document. Downgraded exception to EV2-B.
      2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A B C B A A Non QM Non QM Yes
XXX 22NQM2 - 252 XXXX   12705107 XXXX XX/XX/XXXX  5:41:27 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application.                 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure C B A B C B A A Non QM Non QM No
XXX 22NQM2 - 252 XXXX   12705110 XXXX XX/XX/XXXX  5:41:27 PM Credit Credit Miscellaneous Guideline Credit Exception:   Secondary financing not allowed. Borrower on this full documentation loan has a disposable income of $XXXX

XX% DTI on this full documentation loan < 50% guideline max - 19% below program guideline maximum

732 representative FICO score > 680 guideline minimum - 52 points above guideline minimum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  12:54:41 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A B C B A A Non QM Non QM No
XXX 22NQM2 - 253 XXXX   12705120 XXXX XX/XX/XXXX  5:41:28 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $700.00 exceeds tolerance of $500.00. (7506) Fee disclosed as ($50.00) on (LE dated XX/XX/XXXX but disclosed as ($700.00) on Final Closing Disclosure. Post consummation CD dated XX/XX/XXXXeflects a sufficient cure amount of $200.00; however, refund check and evidence of delivery were not found in the file.       Reviewer Comment (2019-07-17): Received all required cure documentation.


Reviewer Comment (2019-07-17): Received copy of check issued 11/2 and label created; however late was created on 10/18 but never sent.  Please provide evidence of borrower receipt.
  XX/XX/XXXX  2:20:50 PM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 253 XXXX   12705121 XXXX XX/XX/XXXX  5:41:28 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Disclosure reflects Closing Date of (XX/XX/XXXX but transaction consummation (mortgage notary) date was (XX/XX/XXXX       Reviewer Comment (2019-07-17): Data was corrected on post close CD (SFIG).
  XX/XX/XXXX  3:48:27 PM   1 A XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 253 XXXX   12705122 XXXX XX/XX/XXXX  5:41:28 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for (Appraisal fee) of ($200.00) was not provided. Post consummation CD dated XX/XX/XXXXeflects a sufficient cure amount of $200.00; however, refund check and evidence of delivery were not found in the file.       Reviewer Comment (2019-07-17): Received all required cure documentation.
  XX/XX/XXXX  2:21:01 PM   2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 253 XXXX   12705123 XXXX XX/XX/XXXX  5:41:28 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 255 XXXX   12705142 XXXX XX/XX/XXXX  5:41:30 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Issue:  Ineligible borrower   Ineligible income.  Guidelines require evidence of alimony receipt for 12 months, borrower qualified using 1st alimony payment.  Lender exception in file. Guideline variance approved by lender at time of origination. Compensating factor: Mortgage payment history - Verified mortgage payment history of 0X30 for 56 months on the credit report, when only 24 months are required.

Guideline variance approved by lender at time of origination. The housing expense decreased from $1412.00 to $1161.87.

Guideline variance approved by lender at time of origination. The loan LTV of 74.048 when the applicant qualifies for a max of 90% with the fico of 811.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  3:14:21 PM 2 B XX/XX/XXXX OH Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 255 XXXX   12705143 XXXX XX/XX/XXXX  5:41:30 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.73970% or Final Disclosure APR of 5.81000% is in excess of allowable threshold of APOR 3.21% + 1.5%, or 4.71000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX OH Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 255 XXXX   12705145 XXXX XX/XX/XXXX  5:41:30 PM Compliance Compliance State Compliance Misc. State Level Ohio Consumer Sales Practices Act Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Signed) Ohio Consumer Sales Practices Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not signed by borrower(s).                 2 B XX/XX/XXXX OH Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 255 XXXX   12705146 XXXX XX/XX/XXXX  5:41:30 PM Compliance Compliance State Compliance Misc. State Level Ohio Consumer Sales Practices Act (Closing Disclosure Not Provided) Ohio Consumer Sales Practices Act:  Consumer did not receive the required Closing Disclosure.                 2 B XX/XX/XXXX OH Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 254 XXXX   12705149 XXXX XX/XX/XXXX  5:41:30 PM Compliance Compliance Federal Compliance Federal HPML (Fed HPML) Federal Higher-Priced Mortgage Loan (Stated APR Exceeds HPML Threshold) Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.42820% or Final Disclosure APR of 7.43900% is in excess of allowable threshold of APOR 3.4XX% + 1.5%, or 4.98000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 254 XXXX   12705150 XXXX XX/XX/XXXX  5:41:30 PM Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures.                 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 254 XXXX   12705151 XXXX XX/XX/XXXX  5:41:30 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) erroneous - increase due to seller paid portion which was seller paid per contract.               2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 254 XXXX   12705155 XXXX XX/XX/XXXX  5:41:30 PM Credit Loan Package Documentation Application / Processing Property - Appraisal Missing Valuation: Valuation Type: Desk Review / Valuation Report Date: <empty> Desk Review is missing Missing Clear Capital CDA or CoreLogic AVM per guidelines. 59% LTV < 80 guideline max

XX% DTI on this full documentation loan < 43% guideline max - 5% below program guideline maximum

Borrower on this full documentation loan has a disposable income of $XXXX
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  3:33:59 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 254 XXXX   12705156 XXXX XX/XX/XXXX  5:41:30 PM Credit Income / Employment Income Documentation Income / Employment Income Docs Missing:   Missing 2015 transcripts or evidence of extension, lender exception in file. 59% LTV < 80 guideline max

XX% DTI on this full documentation loan < 43% guideline max - 5% below program guideline maximum

Borrower on this full documentation loan has a disposable income of $XXXX
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  3:34:09 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 254 XXXX   12705157 XXXX XX/XX/XXXX  5:41:30 PM Credit Credit Credit Eligibility Guideline Public Record Issue: Credit Report: Original // Public Record Type: Bankruptcy / Balance: XXX No evidence of disposition of BK Petition fileXX/XX/XXXX located.               2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 256 XXXX   12705203 XXXX XX/XX/XXXX  5:41:34 PM Credit Loan Package Documentation Application / Processing Property - Appraisal Missing Valuation:   Missing secondary valuation as required by guidelines. Borrower on this (Full) documentation loan has a disposable income of $XXXX

Guides require 24 months housing history and 36 months provided.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  10:57:33 AM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 256 XXXX   12705204 XXXX XX/XX/XXXX  5:41:34 PM Compliance Compliance Federal Compliance TRID TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   Disclosure reflects Title fees payable to XXXX in section C (Services Borrower Did Shop For).  XXXX is a service provider listed on the Settlement Service Provider List. As a result, these fees should have been reflected in section B (Services Borrower Did Not Shop For).               2 B XX/XX/XXXX TX Primary Purchase Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 256 XXXX   12705207 XXXX XX/XX/XXXX  5:41:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): Data correct on subsequent CDs (SFIG).
  XX/XX/XXXX  12:44:17 PM   2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 256 XXXX   12705211 XXXX XX/XX/XXXX  5:41:34 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application.                 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 256 XXXX   12705212 XXXX XX/XX/XXXX  5:41:34 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 9.00. Lender approved exception. Borrower on this (Full) documentation loan has a disposable income of $XXXX

Guides require 24 months housing history and 36 months provided.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  10:57:07 AM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 256 XXXX   12705213 XXXX XX/XX/XXXX  5:41:34 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $65.00. (7580) Fee disclosed as ($65.00) on (LE dated XX/XX/XXXX but disclosed as ($92.00) on Final Closing Disclosure.       Reviewer Comment (2019-07-17): Cure provided on Final CD.
  XX/XX/XXXX  9:55:34 AM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 257 XXXX   12705228 XXXX XX/XX/XXXX  5:41:37 PM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 6.2XXX0% or Final Disclosure APR of 6.26500% is in excess of allowable threshold of APOR 3.56% + 1.5%, or 5.06000%.  Compliant Higher Priced Loan.                 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 257 XXXX   12705230 XXXX XX/XX/XXXX  5:41:37 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided onXX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX)                 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 257 XXXX   12705232 XXXX XX/XX/XXXX  5:41:37 PM Credit Loan Package Documentation Application / Processing Property - Appraisal Missing Valuation:   Missing secondary valuation 57% LTV < 75 guideline max

35.61% < required 43%

Disposable income of $XXXX > required $1000
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  8:54:38 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 257 XXXX   12705233 XXXX XX/XX/XXXX  5:41:37 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 6.00.   57% LTV < 75 guideline max

35.61% < required 43%

Disposable income of $XXXX > required $1000
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  8:54:30 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 259 XXXX   12705318 XXXX XX/XX/XXXX  5:41:44 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  11:27:52 AM   2 B XX/XX/XXXX WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 259 XXXX   12705320 XXXX XX/XX/XXXX  5:41:44 PM Compliance Compliance Federal Compliance TRID Defect TRID - Fee Tolerance without Cure TILA-RESPA Integrated Disclosure: Tolerance violation without evidence of sufficient cure provided.         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  11:28:26 AM   2 B XX/XX/XXXX WA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 259 XXXX   12705321 XXXX XX/XX/XXXX  5:41:44 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $900.00 exceeds tolerance of $850.00. (7506)         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  11:28:39 AM   2 B XX/XX/XXXX WA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 259 XXXX   12705322 XXXX XX/XX/XXXX  5:41:44 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $35.00 exceeds tolerance of $29.00. (7520) Valid exception       Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  11:28:50 AM   2 B XX/XX/XXXX WA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 259 XXXX   12705323 XXXX XX/XX/XXXX  5:41:44 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $90.00. (7580) Valid exception       Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  11:29:02 AM   2 B XX/XX/XXXX WA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 261 XXXX   12705351 XXXX XX/XX/XXXX  5:41:48 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Contact Information - Lender TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the required  Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). (FinXX/XX/XXXX) Lender Contact NMLS ID is blank.       Reviewer Comment (2019-07-17): Lender contact is a CS Rep and doesn't have a unique identifier.
  XX/XX/XXXX  9:36:47 AM   2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 261 XXXX   12705352 XXXX XX/XX/XXXX  5:41:48 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Monthly amount reflects $231.25, however prepaid homeowner's insurance reflects $2970.00, should be $2775.00.               2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 261 XXXX   12705353 XXXX XX/XX/XXXX  5:41:48 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for (Lender Credit) of ($791.72) was not provided.       Reviewer Comment (2019-07-17): Data correct on subsequent CDs (SFIG).


Reviewer Comment (2019-07-17): Received post close CD reflecting a cure of $791.72, but still missing LOE, copy of check, and proof of delivery.
  XX/XX/XXXX  4:06:29 PM   2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 261 XXXX   12705354 XXXX XX/XX/XXXX  5:41:48 PM Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $-16,623.20  is less than amount of binding Lender Credit previously disclosed in the amount of $-17,414.92. (9300) Lender Credit disclosed as ($-17,414.92) on (CD dated XX/XX/XXXX but disclosed as ($-16,623.20) on Final Closing Disclosure.       Reviewer Comment (2019-07-17): Subsequent CDs reflect the credits reflected in incorrect section in the correct section.  Total credits reflect the same amount as on LE.


Reviewer Comment (2019-07-17): Received post close CD reflecting a cure of $791.72, but still missing LOE, copy of check, and proof of delivery.
  XX/XX/XXXX  4:04:40 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 260 XXXX   12705367 XXXX XX/XX/XXXX  5:41:49 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Contact Information - Lender TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the required  Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). (FinXX/XX/XXXX) Lender Contact NMLS ID is blank.       Reviewer Comment (2019-07-17): Lender contact is a CS Rep and doesn't have a unique identifier.
  XX/XX/XXXX  9:32:47 AM   2 B XX/XX/XXXX TN Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 260 XXXX   12705370 XXXX XX/XX/XXXX  5:41:49 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $92.00 exceeds tolerance of $0.00. (7580) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2019-07-17): Cure provided on Final CD.
  XX/XX/XXXX  12:03:04 PM   2 B XX/XX/XXXX TN Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 260 XXXX   12705373 XXXX XX/XX/XXXX  5:41:49 PM Compliance Compliance Federal Compliance TRID Defect TRID -  Zero Percent Fee Tolerance TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00. (75106) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2019-07-17): Cure  provided on Final CD.
  XX/XX/XXXX  12:02:25 PM   2 B XX/XX/XXXX TN Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 260 XXXX   12705374 XXXX XX/XX/XXXX  5:41:49 PM Property Property - Appraisal General Appraisal Requirements Property - Appraisal Valuation Error: Desk review value not provided.   Missing secondary valuation as required by guidelines. 40% DTI  < 50% guideline max - 10% below program guideline maximum     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  4:58:08 PM 2 B XX/XX/XXXX TN Primary Purchase   C B A A C B C B Non QM Non QM No
XXX 22NQM2 - 262 XXXX   12705380 XXXX XX/XX/XXXX  5:41:50 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Contact Information - Lender TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the required  Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). (FinXX/XX/XXXX) Lender Contact NMLS ID is blank.       Reviewer Comment (2019-07-17): Lender contact is a CS Rep and doesn't have a unique identifier.
  XX/XX/XXXX  5:33:28 PM   2 B XX/XX/XXXX GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 262 XXXX   12705382 XXXX XX/XX/XXXX  5:41:50 PM Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $-14,522.50  is less than amount of binding Lender Credit previously disclosed in the amount of $-14,522.70. (9300) Fee disclosed as ($-14,522.70) on (CD dated XX/XX/XXXX but disclosed as ($-14,522.50) on Final Closing Disclosure.       Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  11:14:05 AM   2 B XX/XX/XXXX GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 262 XXXX   12705383 XXXX XX/XX/XXXX  5:41:50 PM Compliance Compliance Federal Compliance TRID TRID Service Provider - Compliant TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list. Settlement Service Provider List in file is not TRID compliant (references GFE).               2 B XX/XX/XXXX GA Primary Purchase No Defined Cure C B A A C B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 264 XXXX   12705439 XXXX XX/XX/XXXX  5:41:56 PM Property Property - Appraisal General Appraisal Requirements Property - Appraisal Valuation Error: Desk review value not provided.   Missing secondary valuation as required by guidelines. 725 representative FICO score > 620 guideline minimum - 105 points above guideline minimum     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  5:12:26 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A B A C B Non QM Non QM No
XXX 22NQM2 - 265 XXXX   12705571 XXXX XX/XX/XXXX  5:42:06 PM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 8.59800% or Final Disclosure APR of 8.59800% is in excess of allowable threshold of APOR 3.61% + 1.5%, or 5.11000%.  Compliant Higher Priced Loan. Verified fees were input correctly.               2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B C B B B C B Non QM Non QM No
XXX 22NQM2 - 265 XXXX   12705573 XXXX XX/XX/XXXX  5:42:06 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     26 months reserves > 3 months required

Lower LTV max is 70% LTV subject LTV is 40%
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  1:35:18 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B B B C B Non QM Non QM No
XXX 22NQM2 - 265 XXXX   12705574 XXXX XX/XX/XXXX  5:42:06 PM Credit Credit Miscellaneous Guideline Credit Exception:   Guideline required residual income is $1,200, actual residual income is $XXXX.  Lender approved exception. 26 months reserves > 3 months required

Lower LTV max is 70% LTV subject LTV is 40%
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  1:35:28 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B B B C B Non QM Non QM No
XXX 22NQM2 - 266 XXXX   12705609 XXXX XX/XX/XXXX  5:42:11 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     Housing history of 0x30x43 exceeds required of 0x30x12

Reserves of XX months exceeds required of 3 months

Residual income of $$XXXX exceeds guideline requirement of $1,300
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  8:40:42 AM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 266 XXXX   12705610 XXXX XX/XX/XXXX  5:42:11 PM Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA (2010): Initial escrow account statement was not provided to the borrower.                 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 266 XXXX   12705611 XXXX XX/XX/XXXX  5:42:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/109890) Payment amount not accurately rounded.       Reviewer Comment (2019-07-17): Data correct on subsequent CDs (SFIG).
  XX/XX/XXXX  8:27:52 AM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B C B Non QM Non QM Yes
XXX 22NQM2 - 266 XXXX   12705612 XXXX XX/XX/XXXX  5:42:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/109892) Payment amount not accurately rounded.       Reviewer Comment (2019-07-17): Data correct on subsequent CDs (SFIG).
  XX/XX/XXXX  8:28:01 AM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B C B Non QM Non QM Yes
XXX 22NQM2 - 266 XXXX   12705615 XXXX XX/XX/XXXX  5:42:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender approved exception Housing history of 0x30x43 exceeds required of 0x30x12

Reserves of XX months exceeds required of 3 months

Residual income of $$XXXX exceeds guideline requirement of $1,300
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  8:40:23 AM 2 B XX/XX/XXXX TX Primary Purchase   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 267 XXXX   12705654 XXXX XX/XX/XXXX  5:42:14 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 267 XXXX   12705655 XXXX XX/XX/XXXX  5:42:14 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $500.00.  Insufficent or no cure was provided to the borrower. (7506)         Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
  XX/XX/XXXX  8:59:48 AM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 268 XXXX   12705680 XXXX XX/XX/XXXX  5:42:17 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     Borrower on this loan has a disposable income of $XXXX

91 months reserves > 12 months guideline minimum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  10:36:26 AM 2 B XX/XX/XXXX NJ Investment Purchase   C B C B C B C B Non QM N/A No
XXX 22NQM2 - 268 XXXX   12705681 XXXX XX/XX/XXXX  5:42:17 PM Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing.                 2 B XX/XX/XXXX NJ Investment Purchase   C B C B C B C B Non QM N/A No
XXX 22NQM2 - 268 XXXX   12705683 XXXX XX/XX/XXXX  5:42:17 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX NJ Investment Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C B Non QM N/A Yes
XXX 22NQM2 - 268 XXXX   12705684 XXXX XX/XX/XXXX  5:42:17 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender used rental income on subject property. Borrower on this loan has a disposable income of $XXXX

91 months reserves > 12 months guideline minimum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  10:35:54 AM 2 B XX/XX/XXXX NJ Investment Purchase   C B C B C B C B Non QM N/A No
XXX 22NQM2 - 268 XXXX   12705685 XXXX XX/XX/XXXX  5:42:17 PM Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of 60.00000% exceeds Guideline loan to value percentage of 50.00000%.   Borrower on this loan has a disposable income of $XXXX

91 months reserves > 12 months guideline minimum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  10:36:12 AM 2 B XX/XX/XXXX NJ Investment Purchase   C B C B C B C B Non QM N/A No
XXX 22NQM2 - 269 XXXX   12705706 XXXX XX/XX/XXXX  5:42:19 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX UT Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 270 XXXX   12705745 XXXX XX/XX/XXXX  5:42:22 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     Significant reduction in housing payment as supported by NTB. 21% reduced payment.

HOA R/T with 710 FICO allows 90% w/ 5% reduction due to Condo Risk Level 3%: 85%. Current LTV: 79.49%

Residual Income - Required: $XXXX vs Actual : $XXXX
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  11:42:39 AM 2 B XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 270 XXXX   12705748 XXXX XX/XX/XXXX  5:42:22 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Non-Warrantable condo's are limited to 43% DTI. Lender exception approval provided. Significant reduction in housing payment as supported by NTB. 21% reduced payment.

HOA R/T with 710 FICO allows 90% w/ 5% reduction due to Condo Risk Level 3%: 85%. Current LTV: 79.49%

Residual Income - Required: $XXXX vs Actual : $XXXX
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  11:43:03 AM 2 B XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 270 XXXX   12705749 XXXX XX/XX/XXXX  5:42:22 PM Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Evidence of earlier borrower receipt was not found in file.               2 B XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 270 XXXX   12705752 XXXX XX/XX/XXXX  5:42:22 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Terminology and Order TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology or did not list the fees in the same sequential order as the Loan Estimate. (FinXX/XX/XXXX) Title - Lien Search changed to Title - Title Examination.               2 B XX/XX/XXXX FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B C B Non QM Non QM Yes
XXX 22NQM2 - 271 XXXX   12705806 XXXX XX/XX/XXXX  5:42:30 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     80% LTV < 90% guideline max

701 representative FICO score > 660 guideline minimum - 41 points above guideline minimum

Borrower has a retirement account with a balance of $XXXX, however due to the borrower's age, the guidelines do not allow to use for reserves.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  2:16:41 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B C B Non QM Non QM No
XXX 22NQM2 - 271 XXXX   12705808 XXXX XX/XX/XXXX  5:42:30 PM Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Non QM. Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Non QM.       Reviewer Comment (2019-07-17): File switched to Non-QM
  XX/XX/XXXX  5:01:51 PM   2 B XX/XX/XXXX FL Primary Purchase Lender to provide updated ATR/QM status C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 271 XXXX   12705809 XXXX XX/XX/XXXX  5:42:30 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Missing Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX) Closing disclosure did not indicate any seller fees vs the Sellers Closing disclosure that had $12,114.88 in fees.       Reviewer Comment (2019-07-17): Data correct on subsequent CDs (SFIG).
  XX/XX/XXXX  9:29:40 AM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 272 XXXX   12705829 XXXX XX/XX/XXXX  5:42:34 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Fee was charged  but no report was provided. 16 months reserves > 6 months guideline minimum     Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive.
    XX/XX/XXXX  8:31:54 AM 2 B XX/XX/XXXX MI Primary Purchase   C B A A C A C B Non QM Non QM No
XXX 22NQM2 - 272 XXXX   12705833 XXXX XX/XX/XXXX  5:42:34 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $43.73 exceeds tolerance of $35.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520) Cure provided on Closing DIsclosure       Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  8:32:13 AM   1 A XX/XX/XXXX MI Primary Purchase Final CD evidences Cure C B A A C A C B Non QM Non QM Yes
XXX 22NQM2 - 273 XXXX   12705837 XXXX XX/XX/XXXX  5:42:35 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Late Payment Test TILA-RESPA Integrated Disclosure- Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the terms of the Late Payment. (FinXX/XX/XXXX)         Reviewer Comment (2019-07-17): This is cured on the XX/XX/XXXX post funding CD.
  XX/XX/XXXX  9:17:12 AM   2 B XX/XX/XXXX GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
XXX 22NQM2 - 273 XXXX   12705838 XXXX XX/XX/XXXX  5:42:35 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 660. Credit score of XXX is less than required 660. Lender approved this exception. The reserves of 38 months are above the required reserves of 6 months.

The residual income, $XXXX, is above the required amount of $XXXX.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  4:42:08 PM 2 B XX/XX/XXXX GA Primary Purchase   D B C B D B A A Non QM Non QM No
XXX 22NQM2 - 274 XXXX   12705871 XXXX XX/XX/XXXX  5:42:39 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Fee was collected but no report provided. 12 months reserves > 3 months guideline minimum     Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive.
    XX/XX/XXXX  10:33:19 AM 2 B XX/XX/XXXX FL Primary Purchase   C B A A B B C B Non QM Non QM No
XXX 22NQM2 - 274 XXXX   12705873 XXXX XX/XX/XXXX  5:42:39 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A B B C B Non QM Non QM Yes
XXX 22NQM2 - 275 XXXX   12705906 XXXX XX/XX/XXXX  5:42:42 PM Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $136.00 exceeds tolerance of $40.00 plus 10% or $44.00.  Insufficient or no cure was provided to the borrower. (0) $72 violatioin.  $20 Deed Recording fee was paid by seller which is customary in the state of Texas.       Reviewer Comment (2019-07-17): Final CD reflects $2937 Lender Credit for tolerance cure.
  XX/XX/XXXX  4:49:36 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 275 XXXX   12705907 XXXX XX/XX/XXXX  5:42:42 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $2,805.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (7325) Fee not disclosed on LE       Reviewer Comment (2019-07-17): Final CD reflects $2937 Lender Credit for tolerance cure.
  XX/XX/XXXX  4:51:10 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 275 XXXX   12705908 XXXX XX/XX/XXXX  5:42:42 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $494.00 exceeds tolerance of $434.00.  Insufficent or no cure was provided to the borrower. (7506) Fee disclosed as $434 on LE dated 11/29 and as $494 on Final CD.       Reviewer Comment (2019-07-17): Final CD reflects $2937 Lender Credit for tolerance cure.
  XX/XX/XXXX  4:51:44 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 275 XXXX   12705909 XXXX XX/XX/XXXX  5:42:42 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     18 months reserves > 6 months guideline minimum     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  8:40:44 AM 2 B XX/XX/XXXX TX Primary Purchase   C B A A C B C B Non QM Non QM No
XXX 22NQM2 - 275 XXXX   12705910 XXXX XX/XX/XXXX  5:42:42 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees Greater than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are greater than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (FinXX/XX/XXXX) Sreller's CD reflects $17,585.71.  Borrower's CD reflects $11,414.96.       Reviewer Comment (2019-07-17): Data was corrected on subsequent CD which reflects $17,585.71 seller paid fees
  XX/XX/XXXX  4:52:45 PM   1 A XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 277 XXXX   12705937 XXXX XX/XX/XXXX  5:42:44 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C B Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 277 XXXX   12705938 XXXX XX/XX/XXXX  5:42:44 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Interest TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed prepaid interest under Prepaids that does not match calculated figures. (FinXX/XX/XXXX) CD reflects $614.55, calculates to be $XXX.65.  ($46.31 x 15)   Note:  data is corrected on subsequent CD reflecting $40.97x15=$614.55, however file is missing Letter of Explanation to borrower.               2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C B Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 277 XXXX   12705939 XXXX XX/XX/XXXX  5:42:44 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     LTV is 90%.

DTI ratio is XX%/XX%%.

Excess funds for reserves $XXXX.

Residual income required is $XXXX, actual is $XXXX. Excess is $XXXX.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  3:54:33 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B B B C B Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 277 XXXX   12705940 XXXX XX/XX/XXXX  5:42:44 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved Exception:  Borrower qualifies for better program based on the foreclosure deed out of the borrowers ownership executed and filed XX/XX/XXXXsignedXX/XX/XXXXnd recorded XX/XX/XXXX. LTV is 90%.

DTI ratio is XX%/XX%%.

Excess funds for reserves $XXXX.

Residual income required is $XXXX, actual is $XXXX. Excess is $XXXX.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  3:54:41 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B B B C B Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 263 XXXX   12705958 XXXX XX/XX/XXXX  5:42:46 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     Borrower has employment stability for 20 years in theTechnology industry. And residual income of $XXXX mo

XX% DTI on this (Documentation Type) documentation loan <50.00% guideline max - XX% below program guideline maximum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  3:39:35 PM 2 B XX/XX/XXXX CA Primary Purchase   C B A A C B C B Higher Priced QM Safe Harbor QM No
XXX 22NQM2 - 263 XXXX   12705961 XXXX XX/XX/XXXX  5:42:46 PM Compliance Compliance Federal Compliance ATR/QM Defect Check Restated Loan Designation Match - QM / ATR Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Safe Harbor QM matches the Due Diligence Loan Designation of Safe Harbor QM.         Reviewer Comment (2019-07-17): Designation switched to Safe Harbor.
  XX/XX/XXXX  11:21:25 AM   2 B XX/XX/XXXX CA Primary Purchase Lender to provide updated ATR/QM status C B A A C B C B Higher Priced QM Safe Harbor QM No
XXX 22NQM2 - 278 XXXX   12705962 XXXX XX/XX/XXXX  5:42:47 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Secondary valuation product was not provided. 57.97% LTV < 70.00 guideline

135 months reserves > 2 months guideline minimum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  11:52:50 AM 2 B XX/XX/XXXX KS Primary Purchase   C B A A A A C B Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 278 XXXX   12705964 XXXX XX/XX/XXXX  5:42:47 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Pest Inspection Fee.  Fee Amount of $75.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (75155)         Reviewer Comment (2019-07-17): Cured with Lender credit at closing
  XX/XX/XXXX  3:44:24 PM   1 A XX/XX/XXXX KS Primary Purchase Final CD evidences Cure C B A A A A C B Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 276 XXXX   12706011 XXXX XX/XX/XXXX  5:42:55 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     XX% DTI on this full documentation loan < 50% guideline max - 11% below program guideline maximum     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  6:29:51 AM 2 B XX/XX/XXXX UT Primary Purchase   C B A A B A C B Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 279 XXXX   12706052 XXXX XX/XX/XXXX  5:42:58 PM Compliance Compliance Federal Compliance TRID TRID Interim Closing Disclosure Esign Consent Agreement Timing ESIGN Act - Closing Disclosure provided onXX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InterXX/XX/XXXX017)                 2 B XX/XX/XXXX FL Second Home Purchase No Defined Cure C B C A B B C A Non QM Non QM No
XXX 22NQM2 - 279 XXXX   12706054 XXXX XX/XX/XXXX  5:42:58 PM Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $278.00 exceeds tolerance of $236.00 plus 10% or $259.60.  Sufficient or excess cure was provided to the borrower at Closing. (0)         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  7:21:24 AM   1 A XX/XX/XXXX FL Second Home Purchase Final CD evidences Cure C B C A B B C A Non QM Non QM Yes
XXX 22NQM2 - 280 XXXX   12706099 XXXX XX/XX/XXXX  5:43:02 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     Borrower on this full doc documentation loan has a residual income of $XXXX.

Guideline variance approved by lender at time of origination, DTI less then maximum allowed.

Guideline variance approved by lender at time of origination. Excess Reserves.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  2:04:11 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 280 XXXX   12706100 XXXX XX/XX/XXXX  5:43:02 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception:  Per guidelines, use of retirement accounts for asset depletion requires borrower to be 59 1/2, borrower has not attained that age yet and lender used IRA accounts at 85% value for asset depletion to qualify. Borrower on this full doc documentation loan has a residual income of $XXXX.

Guideline variance approved by lender at time of origination, DTI less then maximum allowed.

Guideline variance approved by lender at time of origination. Excess Reserves.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  2:04:28 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 280 XXXX   12706102 XXXX XX/XX/XXXX  5:43:02 PM Compliance Compliance Federal Compliance ATR/QM Defect Check Restated Loan Designation Match - QM / ATR Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.         Reviewer Comment (2019-07-17): Designation switched to Non-QM
  XX/XX/XXXX  5:39:55 PM   2 B XX/XX/XXXX FL Primary Purchase Lender to provide updated ATR/QM status C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 283 XXXX   12706105 XXXX XX/XX/XXXX  5:43:03 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided onXX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Erroneous Reg ID 2924. The F. Prepaids Homeowner's Insurance Premium includes a one time $25.00 service charge. The amounts disclosed in section G do not include the one time fee.               2 B XX/XX/XXXX OR Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 283 XXXX   12706106 XXXX XX/XX/XXXX  5:43:03 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing DisclosureXX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX OR Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 283 XXXX   12706107 XXXX XX/XX/XXXX  5:43:03 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) No VCC found for increase in fees on 1/10 LE.               2 B XX/XX/XXXX OR Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 283 XXXX   12706108 XXXX XX/XX/XXXX  5:43:03 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee.  Fee Amount of $1,350.00 exceeds tolerance of $949.00.  Insufficent or no cure was provided to the borrower. (7355) No VCC found for increase in fee.       Reviewer Comment (2019-07-17): Cure provided at closing.


Reviewer Comment (2019-07-17): Rebuttal from lender states that lender credit covered this violation.  There are a total of $743.54 in tolerance violations and only $443.54 in lender credits.  Once aggregate of violations is remedied, then all tolerance violations will be cured.
  XX/XX/XXXX  2:21:53 PM   2 B XX/XX/XXXX OR Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 283 XXXX   12706109 XXXX XX/XX/XXXX  5:43:03 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (75106) No VCC found for increase in fee.       Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
  XX/XX/XXXX  4:45:40 PM   2 B XX/XX/XXXX OR Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 283 XXXX   12706110 XXXX XX/XX/XXXX  5:43:03 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $342.54 exceeds tolerance of $150.00.  Insufficent or no cure was provided to the borrower. (7520) No VCC found for increase in fee on 1/10 LE.       Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
  XX/XX/XXXX  4:45:49 PM   2 B XX/XX/XXXX OR Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Non QM Non QM Yes
XXX 22NQM2 - 283 XXXX   12706111 XXXX XX/XX/XXXX  5:43:03 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Fee collected but no report provided. 45 months reserves > 3 months guideline minimum     Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive.
    XX/XX/XXXX  9:41:57 AM 2 B XX/XX/XXXX OR Second Home Purchase   C B A A C B C B Non QM Non QM No
XXX 22NQM2 - 281 XXXX   12706127 XXXX XX/XX/XXXX  5:43:05 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $550.00.  Insufficent or no cure was provided to the borrower. (7507)         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  3:41:44 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Higher Priced QM Non QM Yes
XXX 22NQM2 - 281 XXXX   12706128 XXXX XX/XX/XXXX  5:43:05 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (75106)         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  3:41:25 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Higher Priced QM Non QM Yes
XXX 22NQM2 - 281 XXXX   12706132 XXXX XX/XX/XXXX  5:43:05 PM Property Property - Appraisal General Appraisal Requirements Property - Appraisal Valuation Error: Desk review value not provided.   Fee collected but no report provided. XX months reserves > 6 months guideline minimum     Reviewer Comment (2019-07-17): Client elects to waive.


Reviewer Comment (2019-07-17): Received copy of CDA but value is Indeterminate.  3rd Party valuation is required to substantiate appraised value.
    XX/XX/XXXX  4:29:01 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 281 XXXX   12706133 XXXX XX/XX/XXXX  5:43:05 PM Compliance Compliance Federal Compliance ATR/QM Defect Check Restated Loan Designation Match - QM / ATR Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.         Reviewer Comment (2019-07-17): Designation switched to Non-QM
  XX/XX/XXXX  12:38:52 PM   2 B XX/XX/XXXX FL Primary Purchase Lender to provide updated ATR/QM status C B A A C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 282 XXXX   12706136 XXXX XX/XX/XXXX  5:43:06 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $655.00 exceeds tolerance of $450.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  4:20:16 PM   1 A XX/XX/XXXX FL Investment Purchase Final CD evidences Cure C B A A B A C B Non QM N/A Yes
XXX 22NQM2 - 282 XXXX   12706137 XXXX XX/XX/XXXX  5:43:06 PM Property Property - Appraisal General Appraisal Requirements Property - Appraisal Valuation Exception:   Subject is a non-warrantable condo with 407 sq ft GLA. Lender approved exception in the loan file. Borrower on this Full documentation loan has a disposable income of $XXXX.

XX% DTI on this Full documentation loan < 43% guideline max - XX% below program guideline maximum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  4:23:48 PM 2 B XX/XX/XXXX FL Investment Purchase   C B A A B A C B Non QM N/A No
XXX 22NQM2 - 282 XXXX   12706138 XXXX XX/XX/XXXX  5:43:06 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $1,809.60 exceeds tolerance of $1,761.75.  Sufficient or excess cure was provided to the borrower at Closing. (8304)         Reviewer Comment (2019-07-17): Cured at closing.
  XX/XX/XXXX  4:20:55 PM   1 A XX/XX/XXXX FL Investment Purchase Final CD evidences Cure C B A A B A C B Non QM N/A Yes
XXX 22NQM2 - 284 XXXX   12706955 XXXX XX/XX/XXXX  5:44:02 PM Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of 89.99990% exceeds Guideline loan to value percentage of 85.00000%. Lender approved 22.29 months reserves > 6 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower has job stability for 12 years with the same employer, as an Attorney.

Borrower has employment stability for 18 years as an Attorney.

Guideline variance approved by lender at time of origination.
Credit score required for 90% LTV is 680, actual 674.
Lender LTV exception to allow up to 90% LTV when program maximum is 85% LTV based on the following compensating factors:

Residual income required is $XXXX, actual verified is $XXXX.
Stable employment for B1, 12 years same employer.
Primary housing payment history past 36 months 0x30.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  2:26:33 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 284 XXXX   12706956 XXXX XX/XX/XXXX  5:44:02 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Fee collected but no report provided. 22.29 months reserves > 6 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower has job stability for 12 years with the same employer, as an Attorney.

Borrower has employment stability for 18 years as an Attorney.

Guideline variance approved by lender at time of origination.
Credit score required for 90% LTV is 680, actual 674.
Lender LTV exception to allow up to 90% LTV when program maximum is 85% LTV based on the following compensating factors:

Residual income required is $XXXX, actual verified is $XXXX.
Stable employment for B1, 12 years same employer.
Primary housing payment history past 36 months 0x30.
    Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive.
    XX/XX/XXXX  9:08:00 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 284 XXXX   12706960 XXXX XX/XX/XXXX  5:44:02 PM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 6.48240% or Final Disclosure APR of 6.48200% is in excess of allowable threshold of APOR 3.51% + 2.5%, or 6.01000%.  Compliant Higher Priced Loan. Verified fees were input correctly.               2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 284 XXXX   12706961 XXXX XX/XX/XXXX  5:44:02 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) CD data field is blank, calculates to be $2772.62.               2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C B Higher Priced QM Non QM Yes
XXX 22NQM2 - 284 XXXX   12706962 XXXX XX/XX/XXXX  5:44:02 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C B Higher Priced QM Non QM Yes
XXX 22NQM2 - 284 XXXX   12706963 XXXX XX/XX/XXXX  5:44:02 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (75103) Fee not disclosed on LE dated XX/XX/XXXXnd disclosed as $150 on Final CD.  Note:  Per COC in file Lender was notified of change on XX/XX/XXXXhowever re-disclosed LE was not issued until 12/12/16.       Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
  XX/XX/XXXX  9:10:21 AM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C B Higher Priced QM Non QM Yes
XXX 22NQM2 - 284 XXXX   12706964 XXXX XX/XX/XXXX  5:44:02 PM Credit Credit Credit Eligibility Credit Credit Issue:  Charged off accounts on credit report were not satisfied at closing per loan approval.   Lender approved 22.29 months reserves > 6 months guideline minimum - borrowers have verified reserves of $XXXX.

Borrower has job stability for 12 years with the same employer, as an Attorney.

Borrower has employment stability for 18 years as an Attorney.

Guideline variance approved by lender at time of origination.
Credit score required for 90% LTV is 680, actual 674.
Lender LTV exception to allow up to 90% LTV when program maximum is 85% LTV based on the following compensating factors:

Residual income required is $XXXX, actual verified is $XXXX.
Stable employment for B1, 12 years same employer.
Primary housing payment history past 36 months 0x30.
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  2:29:11 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 284 XXXX   12706965 XXXX XX/XX/XXXX  5:44:02 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on XX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX)                 2 B XX/XX/XXXX CA Primary Purchase No Defined Cure C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 284 XXXX   12706966 XXXX XX/XX/XXXX  5:44:02 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $2,622.62 exceeds tolerance of $0.00.  Insufficent or no cure was provided to the borrower. (7200) Fee not disclosed on LE.  Note:  COC in file indicates Courtesy re-disclosure reflecting the increase in discount fees, however no reason for change was given.       Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.


Reviewer Comment (2019-07-17): Received CoC stating fee was added at closing 2/13 CD due to extending a rate lock.  However, rate lock extension on 1/23 shows rate was locked through 2/22, so no extension was necessary.  Exception remains.
  XX/XX/XXXX  10:50:25 AM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C B Higher Priced QM Non QM Yes
XXX 22NQM2 - 284 XXXX   12706967 XXXX XX/XX/XXXX  5:44:02 PM Compliance Compliance Federal Compliance ATR/QM Defect Check Restated Loan Designation Match - QM / ATR Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.         Reviewer Comment (2019-07-17): Designation switched to Non-QM
  XX/XX/XXXX  9:07:21 AM   2 B XX/XX/XXXX CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B C B Higher Priced QM Non QM No
XXX 22NQM2 - 285 XXXX   12707062 XXXX XX/XX/XXXX  5:44:13 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender Approved Exception to DTI:  Non-Warrantable Condo- Max DTI 43%. Reserves of 29 months > 12 months required

Required residual income $XXXX versus actual $XXXX
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  1:06:09 PM 2 B XX/XX/XXXX NJ Primary Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 286 XXXX   12707089 XXXX XX/XX/XXXX  5:44:16 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     XX% DTI on this full documentation loan < 50% guideline max - XX% below program guideline maximum     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  2:43:11 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A A A C B Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 288 XXXX   12707092 XXXX XX/XX/XXXX  5:44:17 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Second  valuation product was not provided.  Final CD reflects Field Review fee collected. 9 months reserves > 3 months guideline minimum     Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.  Client elects to waive.
    XX/XX/XXXX  12:33:34 PM 2 B XX/XX/XXXX CA Primary Purchase   C B A A B B C B Non QM Non QM No
XXX 22NQM2 - 288 XXXX   12707094 XXXX XX/XX/XXXX  5:44:17 PM Compliance Compliance State Compliance State HPML California HPML Threshold Test California Higher-Priced Loan: APR on subject loan of 6.82620% or Final Disclosure APR of 6.82700% is in excess of allowable threshold of APOR 3.4XX% + 2.5%, or 5.98000%.  Compliant Higher Priced Loan. Note rate is 6.25%.               2 B XX/XX/XXXX CA Primary Purchase The cure available on a CA HPML loan is dependent upon which prohibited practice is violated.  For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured.  For any loan without an HPML prepayment penalty violation, the loan can be cured as follows:

Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (4) appropriate action based on borrower's choice.
C B A A B B C B Non QM Non QM No
XXX 22NQM2 - 288 XXXX   12707096 XXXX XX/XX/XXXX  5:44:17 PM Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure.                 2 B XX/XX/XXXX CA Primary Purchase   C B A A B B C B Non QM Non QM Yes
XXX 22NQM2 - 287 XXXX   12707196 XXXX XX/XX/XXXX  5:44:25 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Fee collected but no report provided. 42 months reserves > 3 months guideline minimum     Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
Client elects to waive.
    XX/XX/XXXX  4:16:53 PM 2 B XX/XX/XXXX FL Second Home Purchase   C B A A B A C B Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 289 XXXX   12707214 XXXX XX/XX/XXXX  5:44:27 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender approved exception. 15.89 months reserves > 6 months guideline minimum - borrowers have verified reserves of $XXXX.

708 representative FICO score > 660 guideline minimum - 48 points above guideline minimum
    Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  11:07:49 AM 2 B XX/XX/XXXX NC Second Home Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 290 XXXX   12707217 XXXX XX/XX/XXXX  5:44:28 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.     411 months reserves > 3 months guideline minimum     Reviewer Comment (2019-07-17): Client elects to waive.
    XX/XX/XXXX  5:03:33 PM 2 B XX/XX/XXXX FL Second Home Purchase   C B A A C B C B Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 290 XXXX   12707218 XXXX XX/XX/XXXX  5:44:28 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $600.00 exceeds tolerance of $500.00.  Insufficent or no cure was provided to the borrower. (7506) Fee disclosed as $500 on LEs and as $600 on Final CD.       Reviewer Comment (2019-07-17): Received copy of check, corrected CD, proof of delivery and LOE to borrower.
  XX/XX/XXXX  11:12:36 AM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C B Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 290 XXXX   12707220 XXXX XX/XX/XXXX  5:44:28 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) No cure was found related to the zero% tolerance issues.               2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 291 XXXX   12707400 XXXX XX/XX/XXXX  5:44:49 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Erroneous reg ID 2933. No tolerance violation for Transfer Tax fee. Tolerance violation comes from split of transfer taxes. Portion in the amount of $1,005.30 was paid by the borrower and $1,505 was paid by the seller.               2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 99 XXXX   12707417 XXXX XX/XX/XXXX  5:44:50 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 99 XXXX   12707420 XXXX XX/XX/XXXX  5:44:50 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller Change - Deposit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 99 XXXX   12707421 XXXX XX/XX/XXXX  5:44:50 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $693.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (7200)         Reviewer Comment (2019-07-17): Cured with credit at closing
  XX/XX/XXXX  11:36:39 AM   2 B XX/XX/XXXX FL Second Home Purchase   C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 98 XXXX   12707455 XXXX XX/XX/XXXX  5:44:54 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 100 XXXX   12707457 XXXX XX/XX/XXXX  5:44:54 PM Credit Credit Miscellaneous Guideline Credit Exception:   Earnest Money from foreign account.  Lender approved exception Guideline variance approved by lender at time of origination     Reviewer Comment (2019-07-17): Lender approved exception
    XX/XX/XXXX  5:25:01 PM 2 B XX/XX/XXXX FL Second Home Purchase   C B C B B B C A Non QM Non QM No
XXX 22NQM2 - 100 XXXX   12707460 XXXX XX/XX/XXXX  5:44:54 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM Yes
XXX 22NQM2 - 100 XXXX   12707461 XXXX XX/XX/XXXX  5:44:54 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller Change - Deposit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM Yes
XXX 22NQM2 - 101 XXXX   12707474 XXXX XX/XX/XXXX  5:44:54 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing DisclosureXX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A B B C A Non QM Non QM Yes
XXX 22NQM2 - 101 XXXX   12707475 XXXX XX/XX/XXXX  5:44:54 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller Change - Deposit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided onXX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A B B C A Non QM Non QM Yes
XXX 22NQM2 - 103 XXXX   12707468 XXXX XX/XX/XXXX  5:44:55 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Investment Purchase Letter of Explanation & Corrected Closing Disclosure C B A A B B C A Non QM N/A Yes
XXX 22NQM2 - 91 XXXX   12707480 XXXX XX/XX/XXXX  5:44:55 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A B B C A Non QM Non QM Yes
XXX 22NQM2 - 102 XXXX   12707487 XXXX XX/XX/XXXX  5:44:56 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C A Non QM Non QM Yes
XXX 22NQM2 - 102 XXXX   12707488 XXXX XX/XX/XXXX  5:44:56 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C A Non QM Non QM Yes
XXX 22NQM2 - 102 XXXX   12707489 XXXX XX/XX/XXXX  5:44:56 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $1,736.00 exceeds tolerance of $1,682.00.  Insufficent or no cure was provided to the borrower. (8304)         Reviewer Comment (2019-07-17): Cured with credit on final CD
  XX/XX/XXXX  3:22:15 PM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C A Non QM Non QM Yes
XXX 22NQM2 - 93 XXXX   12707515 XXXX XX/XX/XXXX  5:44:57 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing DisclosureXX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 94 XXXX   12707516 XXXX XX/XX/XXXX  5:44:58 PM Credit Credit Miscellaneous Guideline Credit Exception:   Google translate used to translate the CPA letter.  Waived sourcing of large deposits, Waived requirement to have the English Translation of the most recent bank statement with XXXX.  56 days documented in XXXX account XXXX did not meet 60 day requirement.  Lender waived the exceptions Guideline variance approved by lender at time of origination     Reviewer Comment (2019-07-17): Lender approved exception
    XX/XX/XXXX  4:52:08 PM 2 B XX/XX/XXXX FL Second Home Purchase   C B C B B B C A Non QM Non QM No
XXX 22NQM2 - 94 XXXX   12707520 XXXX XX/XX/XXXX  5:44:58 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Missing Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM Yes
XXX 22NQM2 - 94 XXXX   12707521 XXXX XX/XX/XXXX  5:44:58 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM Yes
XXX 22NQM2 - 214 XXXX   12707543 XXXX XX/XX/XXXX  5:44:59 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Cash To Close TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Final value of Cash to Close that does not match the actual sum of Final cash to close figures. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX CO Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 214 XXXX   12707544 XXXX XX/XX/XXXX  5:44:59 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX CO Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 214 XXXX   12707545 XXXX XX/XX/XXXX  5:44:59 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller Change - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Payoff Amount that is not equal to the sum of all payoffs listed in the Payoffs and Payments section. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX CO Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 92 XXXX   12707533 XXXX XX/XX/XXXX  5:44:59 PM Credit Credit Miscellaneous Guideline Credit Exception:   Multiple credit event, the borrower has a prior short sale and foreclosure.  Lender approved the exception. Guideline variance approved by lender at time of origination.     Reviewer Comment (2019-07-17): Lender approved exception
    XX/XX/XXXX  6:59:21 AM 2 B XX/XX/XXXX FL Primary Purchase   C B C B B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 92 XXXX   12707535 XXXX XX/XX/XXXX  5:44:59 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Seller Credit that does not match the Seller Credit from the Calculating Cash to Close table. (FinXX/XX/XXXX)                 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Higher Priced QM Higher Priced QM Yes
XXX 22NQM2 - 92 XXXX   12707537 XXXX XX/XX/XXXX  5:44:59 PM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency Qualified Mortgage (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/S-Corp)                 2 B XX/XX/XXXX FL Primary Purchase   C B C B B B A A Higher Priced QM Higher Priced QM No
XXX 22NQM2 - 3 XXXX   25424487 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.47620% or Final Disclosure APR of 6.52600% is in excess of allowable threshold of APOR 4.2XX% + 1.5%, or 5.78000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:52:58 AM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 3 XXXX   25424488 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.47620% or Final Disclosure APR of 6.52600% is in excess of allowable threshold of APOR 4.2XX% + 1.5%, or 5.78000%.  Compliant Higher Priced Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:53:02 AM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 3 XXXX   25424489 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Disclosure reflects Homeowner's Insurance of ($1,947.15 or $162.29/mo) under Prepaids; however, Homeowner's Insurance monthly under Initial Escrow Payments is ($137.02); the Lender did not use the correct EOI to calculate the monthly prepaid amount.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:23:32 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 3 XXXX   25424490 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for Loan Discount Points of $475.00, Credit Report Fee of $46.80 and Processing Fee of $550.00 was not provided.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  11:14:33 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 3 XXXX   25424493 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $91.80 exceeds tolerance of $45.00.  Insufficient or no cure was provided to the borrower. (7520) Fee disclosed as ($45) on (LE dated XX/XX/XXXX), but disclosed as ($91.80) on Final Closing Disclosure.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): No COC provided for increase in credit report fee onXX/XX/XXXX CD - no valid reason. Exception remains.
  XX/XX/XXXX  11:14:09 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 3 XXXX   25424494 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $550.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7548) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): No COC for additional of progressing fee onXX/XX/XXXX CD not disclosed on LE. Exception remains.
  XX/XX/XXXX  11:14:22 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 3 XXXX   25424495 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) Finance charge 570,497.97 > CD Finance Charges 551,092.98 - Finance charges under disclosed by $19,404.99 - PCCD       Reviewer Comment (2018-10-29): Seller provided a corrected PCCD, LOX and shipping label.
  XX/XX/XXXX  10:17:34 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 3 XXXX   25424496 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) CD Total Interest % 122.768 < Calculated CD Total Interest % 127.129 - PCCD       Reviewer Comment (2018-10-29): Seller provided a corrected PCCD, LOX and shipping label.
  XX/XX/XXXX  10:17:45 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 3 XXXX   25424497 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX) CD Total of Payments 997,504.78 < calculated CD Total of Payments 1,016,909.77. - PCCD       Reviewer Comment (2018-10-29): Seller provided a corrected PCCD, LOX and shipping label.
  XX/XX/XXXX  10:17:55 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 1 XXXX   25424469 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Please provide Rental History for borrower's current residence supporting 1x30x12. Borrower has job stability for 25 years as owner of XXXX

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

23.38 months reserves >3 months guideline minimum

691 FICO, 11 points > program minimum of 680
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller provided 1/2018 and X/XXXX. Missing 7/2017 for most recent 12 months. Exception remains.


Reviewer Comment (2018-10-29): Seller provided bank statements for XXXX rental transfer for 975.. - 1x30x12 required however missing the previous months in last 12 months 1/2018, 8,2017,7/2017,3/2017,2/2017. Exception remains open.
    XX/XX/XXXX  3:13:55 PM 2 B XX/XX/XXXX GA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 1 XXXX   25424470 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.08690% or Final Disclosure APR of 7.16000% is in excess of allowable threshold of APOR 4.43% + 1.5%, or 5.93000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  2:59:31 PM 1 A XX/XX/XXXX GA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 1 XXXX   25424472 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for (Loan Discount Point) of ($152.00) and (Credit Report Fee) of ($10.00) was not provided.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:18:28 PM 2 B XX/XX/XXXX GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 1 XXXX   25424473 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $6,925.00, while closing CD seller's fees total $12,590.00.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:18:50 PM 1 A XX/XX/XXXX GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 1 XXXX   25424474 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $1,824.00 exceeds tolerance of $1,672.00.  Insufficient or no cure was provided to the borrower. (7200) Fee was not disclosed on Loan Estimate, no COC provided with valid reason for increase/addition of fee.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): Seller provided a COC and rate lock forXX/XX/XXXX however fee increased on theXX/XX/XXXX CD. No valid COC was provided. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a COC forXX/XX/XXXX increase in discount points - no valid reason provided for the increase in fee. Exception remains.
  XX/XX/XXXX  3:24:47 PM   2 B XX/XX/XXXX GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 1 XXXX   25424475 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $110.00 exceeds tolerance of $100.00.  Insufficient or no cure was provided to the borrower. (7520) Fee disclosed as ($100) on (LE dated XX/XX/XXXX), but disclosed as ($110.00) on Final Closing Disclosure.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): Seller provided a COC and rate lock forXX/XX/XXXX however fee increased on theXX/XX/XXXX CD. No valid COC was provided. Exception remains.


Reviewer Comment (2018-10-29): No COC provided for the increase in Credit report fee. Exception remains.
  XX/XX/XXXX  3:24:56 PM   2 B XX/XX/XXXX GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 10 XXXX   25424498 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $3,714.00 exceeds tolerance of $3,630.00.  Sufficient or excess cure was provided to the borrower at Closing. (8304) Fee disclosed as ($3,630) on (LE dated XX/XX/XXXX), but disclosed as ($3,714.00) on Final Closing Disclosure. Cure for ($934.00) was provided.           XX/XX/XXXX  2:59:10 PM   1 A XX/XX/XXXX GA Primary Refinance - Rate/Term Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
XXX 22NQM2 - 10 XXXX   25424499 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.159XX% or Final Disclosure APR of 7.16300% is in excess of allowable threshold of APOR 4.35% + 2.5%, or 6.85000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  11:48:09 AM 1 A XX/XX/XXXX GA Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
XXX 22NQM2 - 10 XXXX   25424500 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Eligibility Credit Guideline Issue: Bankruptcy timeline outside of credit guidelines   Lender approved exception to allow CH 7 BK discharged only 40 months prior to close  vs 48 months minimum requirement per guidelines. Borrower has been self-employed 6+ years, owner of XXXX in the same line of work 36+ years

Reserves are 6.11 months, 2.11 months > program requirement of 6 months

Rate and Term refinance

DTI is XX%, 35% < program maximum of 50%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:53:59 AM 2 B XX/XX/XXXX GA Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
XXX 22NQM2 - 10 XXXX   25424501 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $700.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7507) Fee was not disclosed on Loan Estimate. Cure for ($934.00) was provided.           XX/XX/XXXX  8:52:31 AM   1 A XX/XX/XXXX GA Primary Refinance - Rate/Term Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
XXX 22NQM2 - 10 XXXX   25424502 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7552) Fee was not disclosed on Loan Estimate. Cure for ($934.00) was provided.           XX/XX/XXXX  8:52:31 AM   1 A XX/XX/XXXX GA Primary Refinance - Rate/Term Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
XXX 22NQM2 - 13 XXXX   25424477 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.18660% or Final Disclosure APR of 7.20300% is in excess of allowable threshold of APOR 4.50% + 1.5%, or 6.00000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:12:28 AM 1 A XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 13 XXXX   25424478 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD moving fee from C to H and the LOX and proof of delivery.
  XX/XX/XXXX  2:56:39 PM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 13 XXXX   25424480 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $14,907.93, while closing CD seller's fees total $0.00.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:08:19 PM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 13 XXXX   25424481 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of $120.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7712) Final disclosure reflects a total expense for Homeowner's Dues of $120.00 in section C, not previously disclosed, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD moving fee from C to H and the LOX and proof of delivery.
  XX/XX/XXXX  2:56:29 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 9 XXXX   25424466 XXXX XX/XX/XXXX  12:14:11 PM Credit Guideline Guideline Issue Guideline Ineligible property type. Condo (High Rise) The subject Condominium complex has owner occupancy of 29.51%, which is less than 50% as required by guidelines. The Condominium Association maintains good financial health; repairs and maintenance are adequately budgeted leaving the condominium with no net loss.  The project also contributes the required 10 of their assessments for reserves.  Project shows less than 1% delinquency reported greater than 60 days.  Project is adequately insured and is well established, since 2003.  The Lender Exception Revision request indicates there are "no other eligibility concerns" noted in the questionnaire, however, it has been determined that the Owner Occupancy rate of the complex is under the required 50% level with no additional review.  An exception was set for this item.     Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:49:49 AM 2 B XX/XX/XXXX FL Investment Purchase   C B C B C A A A Non QM N/A No
XXX 22NQM2 - 8 XXXX   25424513 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:SecondaXX/XX/XXXX) Missing evidence of the borrower's receipt of the appraisal.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller provided the appraisal receipt datedXX/XX/XXXX - appraisal datedXX/XX/XXXX. Please provided appraisal receipt for second appraisal datedXX/XX/XXXX. Exception remains.
    XX/XX/XXXX  1:21:01 PM 2 B XX/XX/XXXX NJ Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 8 XXXX   25424514 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for (Lender Credits) of ($29,600.00), (10% tolerance violation) of ($727.00) and (Transfer Tax) of ($4,800.00) was not provided.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:12:09 PM 2 B XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 8 XXXX   25424516 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $-8,880.00  is less than amount of binding Lender Credit previously disclosed in the amount of $-38,480.00. (9300) Fee disclosed as (-$38,480) on (LE dated XX/XX/XXXX), but disclosed as (-$8,880.00) on Final Closing Disclosure.       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, refund, LOX, and shipping label.


Reviewer Comment (2018-10-29): There is no revised LE in the file to show the effect/change in lender credit as a result of the same day rate re-lock that occurred on 3/5. The exception remains valid.


Reviewer Comment (2018-10-29): Seller provided a COC datedXX/XX/XXXX for erroneous credit  which is not a valid change of circumstance. Please provide support that borrower requested a change to get the same rate, pay 23,680 in origination and reduce the credit they are receiving by to 8,800 causing them to pay 29,600 more for the same rate. Exception remain as documented.


Reviewer Comment (2018-10-29): Seller provided a COC datedXX/XX/XXXX reason erroneous credit - no valid reason. Binding credit -38,480.00 final credit -8,880.00. Exception remains.
  XX/XX/XXXX  4:10:14 PM   2 B XX/XX/XXXX NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 8 XXXX   25424517 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $90,923.50, while closing CD seller's fees total $88,998.00.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:12:34 PM 1 A XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 8 XXXX   25424518 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $5,948.00 exceeds tolerance of $5,221.00 plus 10% or $5,743.10.  Insufficient or no cure was provided to the borrower. (0) Cure for 10% tolerance violation ($727.00) was not provided. Due to increase in Endorsement, recording, survey and title search fees.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): The COC datedXX/XX/XXXX states reason as Change in settlement Charges - there is no valid reason associated with this change/increase in fees. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a COC dated 3/13 - reason change in settlement charges - no valid reason as fees effected are endorsement, lenders title, recording, survey and title search. Exception remains.
  XX/XX/XXXX  5:20:01 PM   2 B XX/XX/XXXX NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 8 XXXX   25424519 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $14,800.00 exceeds tolerance of $10,000.00.  Insufficient or no cure was provided to the borrower. (8304) Fee disclosed as ($10,000) on (LE dated XX/XX/XXXX), but disclosed as ($14,800.00) on Final Closing Disclosure.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): COC provided forXX/XX/XXXX final CD of erroneous credit, no increase of fees or valid reason provided. Exception remains.
  XX/XX/XXXX  5:20:18 PM   2 B XX/XX/XXXX NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 8 XXXX   25424520 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Documentation Credit Credit Report Error: Monthly Payment  was not provided   Lender approved exception for Borrower lives with family rent free. No housing payment history vs program requirement for 12 months rental history. 12 months timely commercial payments at office.

Self-employed for six years, owner of XXXX

DTI is 35%, XX% < program maximum of 50%.

Reserves are 12 months, 6 months > program requirement of 6 months.

Borrower has 22 trade lines dating back to 1998 with no late payments on any trade line ever to date.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  3:01:02 PM 2 B XX/XX/XXXX NJ Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 12 XXXX   25424521 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender granted exception for DTI of XX% exceeding program maximum of 50%.  No compensating factors reflected. Expense ratio is much less than 50% but CPA is unwilling to submit letter indicating

5.13 months reserves > 3 months minimum required

Borrower has job stability for 28 years as an Chiropractor

36.1445XX%LTV < 80.00% guideline max
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  3:34:59 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 12 XXXX   25424524 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Disclosure reflects Closing Date of (XX/XX/XXXX), but transaction consummation (mortgage notary) date was XX/XX/XXXX.  Please provide a Post Consummation CD correcting the closing date.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Seller Comment (2018-10-29): 4/17 Requested
    XX/XX/XXXX  11:55:45 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 12 XXXX   25424525 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) The Evidence of Property Insurance with the correct mortgage has been provided in the file and indicates that the borrower's full annual premium of $773 was prepaid as ofXX/XX/XXXX The Final CD reflects prepaid hazard of $XXX (from a Dec Page in file).  The Monthly escrow amount of $64.42 collected in Sec. G is correct.  Please provide a Post Consummation CD correcting the Borrower's POC to $773.       Reviewer Comment (2018-10-29): Seller provided the Corrected PCCD and LOX


Seller Comment (2018-10-29): 4/17 Requested
  XX/XX/XXXX  12:08:37 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 12 XXXX   25424528 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on XX/XX/XXXX, prior to three (3) business days from transaction date of XX/XX/XXXX. Disclosure reflects a disbursement date of (XX/XX/XXXX) however, the RTC reflects an expiration date of (XX/XX/XXXX).  Please provide a Post Consummation CD curing the closing and disbursement dates, to match the Right to Cancel signed by the borrower and the notary date on the Security Instrument.       Reviewer Comment (2018-10-29): Seller provided the LOX, shipping label and NORTC.


Reviewer Comment (2018-10-29): PCCD RTC expiration dateXX/XX/XXXX < expected RTC expiration dateXX/XX/XXXXException remains


Seller Comment (2018-10-29): 4/17 Requested
  XX/XX/XXXX  10:29:04 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 12 XXXX   25424530 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure APR  Irregular Transaction TILA-RESPA Integrated Disclosure - Loan Calculations:  APR of 6.06200% on Final Closing Disclosure provided on XX/XX/XXXX is under-disclosed from the calculated APR of 6.48560% outside of 0.250% tolerance. (FinXX/XX/XXXX) PCCD APR 6.4856 > CD APT 6.062       Reviewer Comment (2018-10-29): Seller provided the PCCD,LOX, shipping label and NORTC.


Reviewer Comment (2018-10-29): Seller provided the corrected PCCDXX/XX/XXXX and LOX. Missing proof of delivery and NORTC to re-open rescission as loan is a rescinable transaction and required to cure.
  XX/XX/XXXX  10:29:38 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 12 XXXX   25424531 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) PCCD Finance charge 958,951.57 > CD Finance charges 862,047.68 - understated -$96,903.89       Reviewer Comment (2018-10-29): Seller provided the PCCD,LOX, shipping label and NORTC.


Reviewer Comment (2018-10-29): Seller provided the corrected PCCDXX/XX/XXXX and LOX. Missing proof of delivery and NORTC to re-open rescission as loan is a rescinable transaction and required to cure.
  XX/XX/XXXX  10:29:52 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 12 XXXX   25424532 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) PCCD Total interest Percentage 113.26 < calculated Total interest percentage 126.18       Reviewer Comment (2018-10-29): Seller provided the corrected PCCDXX/XX/XXXX and LOX.
  XX/XX/XXXX  12:54:47 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 12 XXXX   25424533 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total of Payments that does not match the actual total of payments for the loan. (FinXX/XX/XXXX) PCCD CD Total of payments 1,613,559.68 < calculated CD Total of Payments 1,710,463.57       Reviewer Comment (2018-10-29): Seller provided the PCCD,LOX, shipping label and NORTC.


Reviewer Comment (2018-10-29): Seller provided the corrected PCCDXX/XX/XXXX and LOX. Missing proof of delivery and NORTC to re-open rescission as loan is a rescinable transaction and required to cure.
  XX/XX/XXXX  10:30:05 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 12 XXXX   25424535 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) PCCD2 Total interest Percentage 128.375 > Calculated CD total interest Percentage 126.18       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:23:12 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424542 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for various 0% tolerance violations $983.63 was not provided.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:26:42 AM 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424543 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $7,433.63 exceeds tolerance of $6,450.00.  Insufficient or no cure was provided to the borrower. (7200) Loan Discount Points disclosed as $6,450 on the CD datedXX/XX/XXXXbut disclosed as $7,433.63 on the Final Closing Disclosure. This is due to an LE being issued after this CD.       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label.


Reviewer Comment (2018-10-29): Exception remains as PCCD amount refunded is insufficient as additional 0% tolerance exceptions located. Exception remains.
  XX/XX/XXXX  10:46:58 AM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424544 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) Disclosure reflects Finance Charge as $451,068.99; calculated is $453,190.57. Difference amount is $2,121.58 which exceeds the max allowable tolerance of $100 for purchases. It appears HOA fees were not included into the prepaid finance charges. Itemization not provided.       Reviewer Comment (2018-10-29): Seller provided the refund, PCCD, LOX and shipping label.
  XX/XX/XXXX  10:53:04 AM   2 B XX/XX/XXXX FL Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424545 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing vs Closing Disclosure TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (InterXX/XX/XXXX) Final LE is datedXX/XX/XXXXfter the Initial CD that is dated 1/8/18.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Exception downgraded to EV2 based on borrower acknowledgment that theXX/XX/XXXXD, while received and signed, inaccurately disclosed product as ARM instead of fixed and borrower should therefore not rely on it. While correction should have been done with a subsequent CD, LE was used instead.


Reviewer Comment (2018-10-29): The revised LE datedXX/XX/XXXX is dated after the initial CD datedXX/XX/XXXX.Please provide evidence that either theXX/XX/XXXX LE orXX/XX/XXXX CD was not provided to the borrower. Exception remains.


Reviewer Comment (2018-10-29): The revised LE datedXX/XX/XXXX is dated after the initial LE datedXX/XX/XXXX.Please provide evidence that either theXX/XX/XXXX LE orXX/XX/XXXX CD was not provided to the borrower. Exception remains.


Reviewer Comment (2018-10-29): Revised LE is dated > initial CD date please provide the initial CD issued after the revised LE. Exception remains.


Reviewer Comment (2018-10-29): LE datedXX/XX/XXXX the initial CD issue dateXX/XX/XXXXException remains.
    XX/XX/XXXX  2:28:15 PM 2 B XX/XX/XXXX FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 5 XXXX   25424546 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $26,969.31.  Seller paid fees not listed on the borrowers Final CD, Abstract fee of $115, Lender's Title of $650, Recording fees of $46.70, Deed Stamps of $3,010, Buyer Realtor Commission of $10,750, Maintenance of $673.86, Water Bill of $100, Estoppel of $255, Seller Realtor Commission of $10,750 and Owner's Title of $618.75.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:27:00 AM 1 A XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424548 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Miscellaneous Guideline Credit Exception:   Allow outstanding IRS debt in the amount of $XXXXto remain open. Lender approved exception provided in file. Borrower has been employed for 2.5 years which is more than the 2 year minimum qualifying requirement.

XX% DTI on this Full documentation loan < 50% guideline max - XX% below program guideline maximum.

24 months reserves >3 months guideline minimum - borrowers have verified reserves of $XXXX.

The Borrower's credit score is 720 which is 40 points more than the program requirement of 680.

The transaction LTV is 75% which is less than the program maximum of 80%.
    Reviewer Comment (2018-10-29): Lender approved exception provided in file.
    XX/XX/XXXX  12:10:11 PM 2 B XX/XX/XXXX FL Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 5 XXXX   25424549 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) Per PCCD calculations       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label.
  XX/XX/XXXX  10:46:37 AM   2 B XX/XX/XXXX FL Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424550 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for various 0% tolerance violations ($1,447.72) was not provided. On PCCD       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label.
  XX/XX/XXXX  10:46:28 AM   2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424551 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) No Seller paid fees disclosed on PCCD       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:28:06 AM 1 A XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424552 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Transfer Fee.  Fee Amount of $100.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7712) Fee not disclosed on LE (on PCCD)       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD and LOX moving fee from C to H.
  XX/XX/XXXX  10:45:24 AM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 5 XXXX   25424553 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Working Capital.  Fee Amount of $1,347.72 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (77121) Fee not disclosed on LE(on PCCD)       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD and LOX moving fee from C to H.
  XX/XX/XXXX  10:45:14 AM   2 B XX/XX/XXXX FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 117 XXXX   25424556 XXXX XX/XX/XXXX  6:34:39 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.05720% or Final Disclosure APR of 7.09000% is in excess of allowable threshold of APOR 3.94% + 1.5%, or 5.44000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as 7.090%; calculated is 7.0272%; threshold is 5.44%.       Reviewer Comment (2018-06-01): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:01:55 AM 1 A XX/XX/XXXX IN Primary Purchase   D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 117 XXXX   25424557 XXXX XX/XX/XXXX  6:34:39 PM Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Document not provided       Reviewer Comment (2018-06-01): XXXX has elected to waive
    XX/XX/XXXX  9:29:28 AM 2 B XX/XX/XXXX IN Primary Purchase   D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 117 XXXX   25424560 XXXX XX/XX/XXXX  6:34:39 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller paid fees on the buyers Closing Disclosure is $10,611.70; seller paid fees on the sellers Closing Disclosure is $11,493.20.  Seller paid fees not listed on the borrowers Final CD, Closing fee of $150, CPL of $25, Deed Prep of $60, IDOI Rebate of -$100, Search fee of $295, TIEFF of $5, Additional Broker Commission of $179, HOA dues of $150 and HOA Transfer fee of $127.50.       Reviewer Comment (2018-06-01): XXXX has elected to waive
    XX/XX/XXXX  9:30:01 AM 1 A XX/XX/XXXX IN Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 117 XXXX   25424561 XXXX XX/XX/XXXX  6:34:39 PM Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   Section H reflects fee as (179.00).       Reviewer Comment (2018-06-01): Seller provided a corrected PCCD with fee as Broker Commission fee to third party for 179.00.
  XX/XX/XXXX  8:50:28 AM   2 B XX/XX/XXXX IN Primary Purchase   D B A A D B A A Non QM Non QM Yes
XXX 22NQM2 - 117 XXXX   25424562 XXXX XX/XX/XXXX  6:34:39 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.         Reviewer Comment (2018-06-01): XXXX has elected to waive
    XX/XX/XXXX  9:30:24 AM 2 B XX/XX/XXXX IN Primary Purchase   D B A A D B A A Non QM Non QM No
XXX 22NQM2 - 19 XXXX   25424568 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for (HOA Transfer Fee) of ($150.00) and (Homeowner's Dues) of ($390.00) was not provided.       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX and shipping.
  XX/XX/XXXX  1:42:10 PM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 19 XXXX   25424571 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $14,530.00, while closing CD seller's fees total $0.00.  All fees were added to the Borrower's CD for testing.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:23:45 PM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 19 XXXX   25424572 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Transfer Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7712) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX and shipping.


Reviewer Comment (2018-10-29): No COC provided with valid reason. Please provide corrected a CD, LOX, proof of delivery and refund. Exception remains.
  XX/XX/XXXX  1:42:20 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 19 XXXX   25424573 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of $390.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (77121) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX and shipping.


Reviewer Comment (2018-10-29): No COC provided with valid reason. Please provide corrected a CD, LOX, proof of delivery and refund. Exception remains.
  XX/XX/XXXX  1:42:30 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 19 XXXX   25424574 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Lender approved exception to allow Borrower lives with family and therefore does not have a rental or mortgage history vs program requirement of twelve months housing history. No public records

Borrower is Wedding/Event Planner for 10 years, self-employed Owner of XXXX for 2 years

Reserves are 23.48 months, 20.48 months > program requirement of 3 months

DTI is XX%, 3.985% < program maximum of 50%

Credit score is 763, 63 points >program requirement of 700
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:27:00 AM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 19 XXXX   25424579 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) Seller provided the appraisal receipt datedXX/XX/XXXX - appraisal datedXX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:23:55 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 19 XXXX   25424580 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.34190% or Final Disclosure APR of 7.37300% is in excess of allowable threshold of APOR 4.49% + 1.5%, or 5.99000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:41:40 AM 1 A XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 96 XXXX   25424586 XXXX XX/XX/XXXX  12:18:21 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Reviewer Comment (2018-10-29): Anti-steering disclosure provided.  Needed LO Compensation disclosure.  Exception not cleared.


Buyer Comment (2018-10-29): Anti Steering Disclosure attached addressing LO Comp
      2 B XX/XX/XXXX CA Primary Purchase   C B C A C B C A Non QM Non QM No
XXX 22NQM2 - 96 XXXX   25424592 XXXX XX/XX/XXXX  6:41:46 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) same exception updated               2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 23 XXXX   25424593 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.80270% or Final Disclosure APR of 7.81800% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  11:53:52 AM 1 A XX/XX/XXXX IN Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 23 XXXX   25424595 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX) Disclosure reflects Inspection Fee in Section B as paid to the Lender.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:43:53 AM 2 B XX/XX/XXXX IN Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 15 XXXX   25424609 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.00270% or Final Disclosure APR of 7.01000% is in excess of allowable threshold of APOR 4.XX% + 1.5%, or 5.92000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:37:42 AM 1 A XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 15 XXXX   25424610 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:24:56 AM 2 B XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 15 XXXX   25424611 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for Loan Origination Fee of $49.03 was not provided. Cure of $18.50 was reflected, which is insufficient to cure.       Reviewer Comment (2018-10-29): Received PCCD, LOE, copy of refund check, and proof of delivery Refund of $49.03 provided to cure.


Seller Comment (2018-10-29): 5/23 PCCD, LOX, Check and Label uploaded


Reviewer Comment (2018-10-29): Seller provided the 4/3 LE and 4/6 COC for rate lock, missing valid COC for 4/23 increase and correct cure amount and variance 49.03 and refund on final CD was 18.50 and insufficient to cure. Exception remains.
  XX/XX/XXXX  3:09:33 PM   2 B XX/XX/XXXX FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 15 XXXX   25424612 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $2,659.03 exceeds tolerance of $2,610.00.  Insufficient or no cure was provided to the borrower. (7325) Fee disclosed as $2,610 on LE dated XX/XX/XXXX, but disclosed as $2,659.03 on Final Closing Disclosure, a variance of $49.03.  Please provide a Post Consummation CD correcting the issue and proof of a cure provided to the borrower.       Reviewer Comment (2018-10-29): Received PCCD, LOE, copy of refund check, and proof of delivery Refund of $49.03 provided to cure.


Seller Comment (2018-10-29): 5/23 PCCD, LOX, Check and Label uploaded


Reviewer Comment (2018-10-29): Seller provided the 4/3 LE and 4/6 COC for rate lock, missing valid COC for 4/23 increase and correct cure amount and variance 49.03 and refund on final CD was 18.50 and insufficient to cure. Exception remains.
  XX/XX/XXXX  3:09:13 PM   2 B XX/XX/XXXX FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 15 XXXX   25424614 XXXX XX/XX/XXXX  12:14:11 PM Credit Guideline Guideline Issue Guideline The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Lender approved to allow Self-employment verified sinceXX/XX/XXXX vs program requirement that borrower must have been continually self-employed for the most recent two year. Tax preparer to verify self-employment vs verification from CPA. Good payment history, with no late payments listed on credit report and low credit balance to credit limit ratio

Credit score is 743, 83 points > program requirement of 660

LTV is 76.24452%, 8.7554XX% < maximum allowed of 85%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating.
    XX/XX/XXXX  9:46:46 AM 2 B XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 20 XXXX   25424616 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.79680% or Final Disclosure APR of 6.81300% is in excess of allowable threshold of APOR 4.XX% + 1.5%, or 5.92000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  2:14:10 PM 1 A XX/XX/XXXX FL Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 20 XXXX   25424617 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:50:27 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 25 XXXX   25424628 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of $XXXX is less than Guideline minimum loan amount of $100,000.00. Lender approved exception for loan amount of $XXXX vs program minimum of $100,000 Reserves are 9.15 months, 6.15 months > program requirement of 3 months

DTI is 33%, 17% < program maximum of 50%

Credit score is 742, 82 points > program requirement of 660

Guideline variance approved by lender at time of origination

Same line of work 10 years as Landman/Petroleum Landman
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:35:15 AM 2 B XX/XX/XXXX OK Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 25 XXXX   25424630 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.160XX% or Final Disclosure APR of 7.15200% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:35:35 AM 1 A XX/XX/XXXX OK Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 25 XXXX   25424631 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TILA TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:32:39 AM 2 B XX/XX/XXXX OK Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 25 XXXX   25424634 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Loan is a fixed rate, non assumable mortgage       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:32:47 AM 2 B XX/XX/XXXX OK Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 25 XXXX   25424635 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) Finance charges under disclosed by 125.00 - due to the title-processing fee of 125.00.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
  XX/XX/XXXX  10:42:01 AM   2 B XX/XX/XXXX OK Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 25 XXXX   25424636 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for 10% tolerance violation ($183.92) was not provided.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:32:58 AM 2 B XX/XX/XXXX OK Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 25 XXXX   25424637 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Provided on 3/29/18       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:33:05 AM 2 B XX/XX/XXXX OK Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 25 XXXX   25424XXX XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Borrower's CD missing seller paid fees of commissions, HOA Dues, Title abstract, settlement fees, tax stamps       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:33:10 AM 1 A XX/XX/XXXX OK Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 25 XXXX   25424639 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,065.92 exceeds tolerance of $882.00 plus 10% or $970.20.  Insufficient or no cure was provided to the borrower. (0) The Final CD did not reflect a cure for the 10% tolerance violations noted (Lenders Title, title processing, recording fee.)       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
  XX/XX/XXXX  10:42:10 AM   2 B XX/XX/XXXX OK Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 25 XXXX   25424641 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX did not use the same fee terminology as the Loan Estimate. (FinXX/XX/XXXX) The LE's and CD's disclosed a $125 charge in three different names.  Please confirm whether this charge is for the same item and if so, issue a Post Consummation CD correcting the fee names to cure any associated tolerance violations.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:33:19 AM 2 B XX/XX/XXXX OK Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 25 XXXX   25424642 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) Oklahoma Higher-Priced Mortgage Loan: APR on subject loan of 7.160XX% or Final Disclosure APR of 7.15200% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:39:13 AM 2 B XX/XX/XXXX OK Primary Purchase No obvious cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 25 XXXX   25424643 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $2,299.33 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) PCCD non escrowed costs Tear 1 2,299.33 < non escrowed Monthly Property Costs 209*12=2,508       Reviewer Comment (2018-10-29): Seller provided the pccd and lox.
  XX/XX/XXXX  12:34:10 PM   2 B XX/XX/XXXX OK Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 18 XXXX   25424620 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Evidence of being provided to borrower not in file.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:08:05 PM 2 B XX/XX/XXXX TX Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 18 XXXX   25424621 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Copy of disclosure not provided in file.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:08:11 PM 2 B XX/XX/XXXX TX Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 18 XXXX   25424623 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX) No Seller paid fees were disclosed on the Final CD or the Seller's CD.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:08:24 PM 1 A XX/XX/XXXX TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 18 XXXX   25424624 XXXX XX/XX/XXXX  12:14:11 PM Credit Asset Asset Documentation Asset Guideline Issue: Insufficient asset documentation.   Use of sale of gold and silver coin collection for closing. Lender exception request in file not approved or signed off. 130.39 months reserves > 3 months guideline minimum

Excellent payment history, which includes 3 open mortgages no late payments since inception

Borrower has job stability for 17 years as an owner of XXXX

736 representative FICO score > 680 guideline minimum - 56 points above guideline minimum
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller provided a copy of a email approval for the exception with no signature or compensating factors. Please provide an exception with signoff and compensating factors. Exception remains
    XX/XX/XXXX  11:05:03 AM 2 B XX/XX/XXXX TX Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 18 XXXX   25424626 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Acronyms or Abbreviations TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (FinXX/XX/XXXX) Disclosure reflects a CDA fee; should reflect Collateral Desktop Analysis.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:08:35 PM 2 B XX/XX/XXXX TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 18 XXXX   25424627 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Flood Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for Flood Insurance Premium under Prepaids. (FinXX/XX/XXXX) Disclosure does not reflect number of months collected for flood insurance; amount does not calculate to the collected amount of $1,165.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:08:41 PM 2 B XX/XX/XXXX TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 11 XXXX   25424XXX XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. A5 Bank Statement review. . Exception in file is for DTI max of XX%.Analysis based on XX/XX/XXXX however file has XX/XX/XXXX statements in file when used income is $XXXX DTI includes a co-signed debt for brother's primary residence, but they cannot supply a full 12 months payment history to exclude

Borrower is a Physician, owner of XXXX for 5 years

Reserves are 24 months, 21 months > program requirement of 3 months

Credit score is 736, 16 points >program requirement of 720

Guideline variance approved by lender at time of origination

LTV is 68.485%, 11.5XX% < program maximum of 80%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Lender approved exception.
    XX/XX/XXXX  12:55:42 PM 2 B XX/XX/XXXX NJ Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 11 XXXX   25424XXX XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Per note, the loan is an assumable ARM, CD indicates not assumable.       Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Reviewer Comment (2018-10-29): Seller provided a corrected PCCD missing the LOX. Exception remains.
  XX/XX/XXXX  10:39:46 AM   2 B XX/XX/XXXX NJ Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 11 XXXX   25424661 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Recording fee not disclosed on the LE datedXX/XX/XXXX.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  10:13:19 AM   2 B XX/XX/XXXX NJ Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 11 XXXX   25424662 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $300.00 exceeds tolerance of $0.00 plus 10% or $0.00.  Insufficient or no cure was provided to the borrower. (0) Recording fee not disclosed on the LE datedXX/XX/XXXX.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  10:13:09 AM   2 B XX/XX/XXXX NJ Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 11 XXXX   25424663 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.92070% or Final Disclosure APR of 6.93600% is in excess of allowable threshold of APOR 4.41% + 1.5%, or 5.91000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML complaint loans.
    XX/XX/XXXX  3:07:25 PM 1 A XX/XX/XXXX NJ Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 95 XXXX   25424669 XXXX XX/XX/XXXX  12:18:21 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Note date is XX/XX/XXXXhowever notary date is XXXX.       Reviewer Comment (2019-01-07): Ok to waive per client.


Seller Comment (2018-12-05): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
    XX/XX/XXXX  12:11:09 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 95 XXXX   25424672 XXXX XX/XX/XXXX  12:18:21 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Admin Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7712) Fees match final documents.           XX/XX/XXXX  8:52:06 PM   1 A XX/XX/XXXX CA Primary Purchase Final CD evidences Cure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 95 XXXX   25424675 XXXX XX/XX/XXXX  12:00:06 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Dates are not corresponding.       Reviewer Comment (2019-01-08): Ok to waive per client.
    XX/XX/XXXX  12:00:38 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 95 XXXX   25424676 XXXX XX/XX/XXXX  12:00:06 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Fees are not matching.       Reviewer Comment (2019-01-08): Ok to waive per client.
    XX/XX/XXXX  12:00:24 PM 1 A XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
XXX 22NQM2 - 28 XXXX   25424679 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45500% or Final Disclosure APR of 7.46600% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  4:14:08 PM 1 A XX/XX/XXXX FL Primary Purchase   C A C A B A A A Non QM Non QM No
XXX 22NQM2 - 28 XXXX   25424680 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $10,230.00, while closing CD seller's fees total $0.00.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:02:50 PM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A B A A A Non QM Non QM Yes
XXX 22NQM2 - 43 XXXX   25424687 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on XX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX) Borrowers consented to electronic disclosures on XX/XX/XXXX however, Loan Estimate was electronically provided to the borrowers on XX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:20:05 PM 2 B XX/XX/XXXX TX Primary Purchase No Defined Cure D B C A C B A A Non QM Non QM No
XXX 22NQM2 - 43 XXXX   25424688 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX) TRID non-compliant. Seller's Final Closing Disclosure disclosed total seller paid fees of $36,667.50. Buyer's Final Closing Disclosure disclosed seller paid fees of $37,564.50. Difference of $897.00 due to Seller Title - Owner's Title Policy (Optional) Fee of $897.00 was not disclosed on the Seller's CD, but disclosed on the Buyer's CD.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:50:20 AM 1 A XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 43 XXXX   25424689 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $9,775.00 exceeds tolerance of $8,625.00.  Insufficient or no cure was provided to the borrower. (7325) Loan Origination Fee was disclosed as $8,625.00 on the LE dated XX/XX/XXXX, but disclosed as $9,775.00 on the Final Closing Disclosure. COC provided on XX/XX/XXXX disclosed a rate lock and  change in the LTV which are not valid reasons for an increase in the of Loan Origination Fee. Evidence of cure for the increase of $1,150.00 was not provided.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX , envelope and tracking.


Reviewer Comment (2018-10-29): Seller provided the refund check and envelope for proof of delivery. Envelope is not sufficient as no tracking # present. Please provide copy of cancelled check for proof of delivery. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX, Missing refund and shipping label. Exception remains.
  XX/XX/XXXX  1:43:32 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 43 XXXX   25424690 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for 0% tolerance violation of $1,150.00 was not provided.       Reviewer Comment (2018-10-29): Seller provided PCCD, LOX, refund, envelope and tracking.


Reviewer Comment (2018-10-29): Seller provided the refund check and envelope for proof of delivery. Envelope is not sufficient as no tracking # present. Please provide copy of cancelled check for proof of delivery. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX, Missing refund and shipping label. Exception remains.
  XX/XX/XXXX  1:43:02 PM   2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 43 XXXX   25424691 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.25480% or Final Disclosure APR of 7.27600% is in excess of allowable threshold of APOR 4.62% + 2.5%, or 7.12000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:54:34 AM 1 A XX/XX/XXXX TX Primary Purchase   D B C A C B A A Non QM Non QM No
XXX 22NQM2 - 36 XXXX   25424XXX XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $20,480.00, while closing CD seller's fees total $1,320.00.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:05:56 PM 1 A XX/XX/XXXX TN Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A A A C A A A Non QM Non QM Yes
XXX 22NQM2 - 36 XXXX   25424695 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.52320% or Final Disclosure APR of 6.56500% is in excess of allowable threshold of APOR 4.45% + 1.5%, or 5.95000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:31:18 AM 1 A XX/XX/XXXX TN Primary Purchase   C A A A C A A A Non QM Non QM No
XXX 22NQM2 - 97 XXXX   25424700 XXXX XX/XX/XXXX  12:18:21 PM Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Non QM               2 B XX/XX/XXXX CA Primary Purchase   C B A A B B C A Non QM Non QM No
XXX 22NQM2 - 97 XXXX   25424703 XXXX XX/XX/XXXX  12:18:21 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.                 2 B XX/XX/XXXX CA Primary Purchase   C B A A B B C A Non QM Non QM No
XXX 22NQM2 - 2 XXXX   25424709 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06820% or Final Disclosure APR of 7.12900% is in excess of allowable threshold of APOR 4.47% + 1.5%, or 5.97000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:38:03 AM 1 A XX/XX/XXXX NY Primary Refinance - Cash-out - Debt Consolidation   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 2 XXXX   25424710 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Alternate Table Usage TILA-RESPA Integrated Disclosure – Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. The Lender used the "without seller" disclosure for the initial LE's, but changed to the Alternate format in the remaining LE's and
CD's
      Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:33:46 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 2 XXXX   25424711 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (FinXX/XX/XXXX) CD is missing the number of months required for prepayment. On a refinance, insurance is prepaid on existing policy.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:33:51 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 2 XXXX   25424712 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of 7.06820% or Final Disclosure APR of 7.12900% is in excess of allowable threshold of Prime Mortgage Market Rate 4.58000 + 1.75%, or 6.33000%.  Compliant SubPrime Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:38:16 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Debt Consolidation While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 27 XXXX   25424713 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45500% or Final Disclosure APR of 7.49500% is in excess of allowable threshold of APOR 4.51% + 2.5%, or 7.01000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:40:00 AM 1 A XX/XX/XXXX MD Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 27 XXXX   25424714 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. Unable to locate the Maryland HPML disclosure.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Seller Comment (2018-10-29): Please kindly waive this exception.
    XX/XX/XXXX  3:38:55 PM 2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other Lender attestation indicating that (1) the borrower did not qualify for any non-higher-priced loans or (2) the lender does not offer non-higher-priced loans. C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 27 XXXX   25424715 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML Maryland HPML Threshold Test Non-Compliant Maryland Higher-Priced Mortgage Loan: APR on subject loan of 7.45500% or Final Disclosure APR of 7.49500% is in excess of allowable threshold of APOR 4.51% + 2.5%, or 7.01000%.  Non-Compliant Higher Priced Loan.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Seller Comment (2018-10-29): Please kindly waive this exception.
    XX/XX/XXXX  3:40:48 PM 2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 27 XXXX   25424716 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) The calculated Finance Charge of $1,602,097.15 exceeds the disclosed Finance Charge of $1,602,052.15 by $45 release tracking fee.       Reviewer Comment (2018-10-29): Received PCCD, LOE, copy of refund check and proof of delivery for $45 refund to borrower. Exception cured.


Seller Comment (2018-10-29): LOX and refund check uploaded.
  XX/XX/XXXX  3:48:52 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 27 XXXX   25424717 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $485.70 exceeds tolerance of $420.00 plus 10% or $462.00.  Sufficient or excess cure was provided to the borrower at Closing. (0) The CD issued onXX/XX/XXXXncreased the Recording Fee without a valid change of circumstance.  A sufficient tolerance cure was provided on the final CD.           XX/XX/XXXX  11:43:37 AM   1 A XX/XX/XXXX MD Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 27 XXXX   25424718 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Recording Service Fee.  Fee Amount of $40.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (75197) The CD issued onXX/XX/XXXXdded a $40.00 for for Title - Recording Service Fee without a valid change of circumstance.  A sufficient tolerance cure was provided on the final CD.           XX/XX/XXXX  11:43:37 AM   1 A XX/XX/XXXX MD Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 27 XXXX   25424719 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Release Tracking Fee.  Fee Amount of $45.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (75217) The CD issued onXX/XX/XXXXdded a $45.00 for for Title - Title Release Tracking without a valid change of circumstance.  A sufficient tolerance cure was provided on the final CD.           XX/XX/XXXX  11:43:37 AM   1 A XX/XX/XXXX MD Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 27 XXXX   25424721 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 660. Lender approved No mortgage lates since 5/17.

XX% DTI on this full documentation loan < 50.00% guideline max - XX% below program guideline maximum

Borrower has employment stability for 17 years of self-employment in the construction industry.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:51:42 AM 2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424744 XXXX XX/XX/XXXX  12:14:11 PM Credit Missing Document General Missing Document Incomplete Document: 1003 Initial - Lender's is incomplete   Please provide fully executed Initial 1003.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:30:48 AM 2 B XX/XX/XXXX NV Primary Refinance - Cash-out - Other   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424745 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline AUS Findings: All conditions were not met   Please provide current paystub and VVOE for the Co-Borrower. Please provide most recent tax transcripts, most recent signed and dated 1040’s, Audited YTD P&L, most recent Business tax transcripts or most recent signed and dated 1120’s for Borrower. CDA supports the value

Both Borrowers have been managing XXXXfor the past 9 years

No late payments on credit report and low balance to limit ratios

Credit score is 703, 23 points > program requirement of 680

LTV is 45%, 20% < program maximum of 65%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Missing the 2016 Business transcript borrower and third party verification for co-borrower. Exception remains.


Reviewer Comment (2018-10-29): Please provide current paystub and VVOE for the Co-Borrower. Please provide most 2016 business tax transcripts. Exception remains
    XX/XX/XXXX  10:08:07 AM 2 B XX/XX/XXXX NV Primary Refinance - Cash-out - Other   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424746 XXXX XX/XX/XXXX  12:14:11 PM Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: XXXX Paystubs, VVOE - Employment Only Please provide current paystub and VVOE for the Co-Borrower as per income documentation in file reflects the Co-Borrower does not have any ownership interest in the company. CDA supports the value

Both Borrowers have been managing XXXXfor the past 9 years

No late payments on credit report and low balance to limit ratios

Credit score is 703, 23 points > program requirement of 680

LTV is 45%, 20% < program maximum of 65%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Missing the 2016 Business transcript borrower and third party verification for co-borrower. Exception remains.


Reviewer Comment (2018-10-29): Please provide current paystub and VVOE for the Co-Borrower. Please provide most 2016 business tax transcripts. Exception remains
    XX/XX/XXXX  10:07:58 AM 2 B XX/XX/XXXX NV Primary Refinance - Cash-out - Other   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424747 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) Revised LE issued XX/XX/XXXX, does not reflect a Confirm receipt date, therefore has a presumed receipt date of XX/XX/XXXX. Initial Closing Disclosure was issued XX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:30:58 AM 2 B XX/XX/XXXX NV Primary Refinance - Cash-out - Other No Defined Cure C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424749 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. (XXXX/S-Corp) Please provide most recent tax transcripts, most recent signed and dated 1040’s, Audited YTD P&L, most recent Business tax transcripts or most recent signed and dated 1120’s for Borrower.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Borrower income documentation for 2017 reflected on his 2017 W-2 as third party documentation.  Exception remains open for omission of third party documentation for YTD.  Lender considerations of the Credit Score, no lates, LTV, and both borrowers managing the business for the last 9 years served as additional compensating factors.


Reviewer Comment (2018-10-29): Seller provided the 2017 tax extension however missing the 2016 Business tax transcripts as required for S-corp income. Exception remains.
    XX/XX/XXXX  12:27:28 PM 2 B XX/XX/XXXX NV Primary Refinance - Cash-out - Other   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424750 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Fail due to Please provide current paystub and VVOE for the Co-Borrower. Please provide most recent tax transcripts, most recent signed and dated 1040’s, Audited YTD P&L, most recent Business tax transcripts or most recent signed and dated 1120’s for Borrower.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller provided the 2016 1120. Missing the 2016 business tax transcript. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the 2017 tax extension however missing the 2016 Business tax transcripts as required for S-corp income. Exception remains.
    XX/XX/XXXX  12:28:33 PM 1 A XX/XX/XXXX NV Primary Refinance - Cash-out - Other   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424751 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence of the borrower's receipt of the List of Service Providers.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:31:09 AM 1 A XX/XX/XXXX NV Primary Refinance - Cash-out - Other No Defined Cure C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424752 XXXX XX/XX/XXXX  12:14:11 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Lender approved exception to allow only one appraisal report vs program requirement for two full appraisal reports for loan amounts over $XXXX. CDA supports the value

Both Borrowers have been managing XXXXfor the past 9 years

No late payments on credit report and low balance to limit ratios

Credit score is 703, 23 points > program requirement of 680

LTV is 45%, 20% < program maximum of 65%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  5:36:34 PM 2 B XX/XX/XXXX NV Primary Refinance - Cash-out - Other   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 34 XXXX   25424757 XXXX XX/XX/XXXX  12:14:11 PM Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: XXXX Business Return Transcripts (2016)   CDA supports the value

Both Borrowers have been managing XXXXfor the past 9 years

No late payments on credit report and low balance to limit ratios

Credit score is 703, 23 points > program requirement of 680

LTV is 45%, 20% < program maximum of 65%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  1:52:55 PM 2 B XX/XX/XXXX NV Primary Refinance - Cash-out - Other   C B C B C B C B Non QM Non QM No
XXX 22NQM2 - 37 XXXX   25424759 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.76060% or Final Disclosure APR of 6.80200% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan. APR on subject loan of 6.76060% or Final Disclosure APR of 6.80200% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%. Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:31:35 PM 1 A XX/XX/XXXX FL Primary Purchase   C A A A C A A A Non QM Non QM No
XXX 22NQM2 - 37 XXXX   25424761 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $4,416.00, while closing CD seller's fees total $2,117.50.  All fees have been included in the Final CD for testing.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:48:30 AM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A A A C A A A Non QM Non QM Yes
XXX 22NQM2 - 41 XXXX   25424764 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.12450% or Final Disclosure APR of 7.18300% is in excess of allowable threshold of APOR 4.45% + 2.5%, or 6.95000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  4:00:36 PM 1 A XX/XX/XXXX FL Primary Purchase   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 41 XXXX   25424768 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX) Seller fees of property tax listed on Borrower's CD. All other seller's fees were included in the Final CD for testing.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:22:27 PM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
XXX 22NQM2 - 35 XXXX   25424770 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline AUS Findings: All conditions were not met   Please provide current residence VOR supporting maximum 1x30x12. Please provide CPA letter stating that the withdrawal of funds from the Borrower’s Business account will not have a negative impact on the business. Please provide 03/2017 bank statement from Banking Institution used for income to qualify. Please provide HO-6 Hazard policy supporting $78.92 monthly escrowed amount. Borrower has self employed as owner of XXXX for the past 15 years.

Borrower has perfect credit history with never late payment and mainly low balance to limit ratios on all but 2 accounts

Credit score is 711, 11 points > program requirement of 700

14.02 months reserves > 3 months guideline minimum

XX% DTI on this Alt documentation loan < 26.14XXX% guideline max - XX% below program guideline maximum

LTV is 85%, 5% < program maximum of 90%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller provided the CPA letter and 3/2018 bank statement. However the VOR provided is missing the history from XX/XX/XXXX toXX/XX/XXXX. Exception remains.
    XX/XX/XXXX  1:20:04 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 35 XXXX   25424771 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.74280% or Final Disclosure APR of 7.77800% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  5:20:27 PM 1 A XX/XX/XXXX FL Primary Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 35 XXXX   25424774 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Please provide current residence VOR supporting maximum 1x30x12. Borrower has self employed as owner of XXXX for the past 15 years.

Borrower has perfect credit history with never late payment and mainly low balance to limit ratios on all but 2 accounts

Credit score is 711, 11 points > program requirement of 700

14.02 months reserves > 3 months guideline minimum

XX% DTI on this Alt documentation loan < 26.14XXX% guideline max - XX% below program guideline maximum

LTV is 85%, 5% < program maximum of 90%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): VOR provided reflects 0x30 fromXX/XX/XXXX-XX/XX/XXXX. Missing history from XX/XX/XXXX toXX/XX/XXXX. Exception remains.
    XX/XX/XXXX  1:19:55 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 22 XXXX   25424777 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.74710% or Final Disclosure APR of 7.77400% is in excess of allowable threshold of APOR 4.45% + 2.5%, or 6.95000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  12:28:14 PM 1 A XX/XX/XXXX NV Primary Purchase   C B B B C B A A Non QM Non QM No
XXX 22NQM2 - 22 XXXX   25424780 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) The borrower's Final CD did not disclosed the seller paid fees of $50,508.25; all fees were added to the Final CD for testing.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:36:06 PM 1 A XX/XX/XXXX NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
XXX 22NQM2 - 22 XXXX   25424781 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:AdditionXX/XX/XXXX)         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Missing proof of receipt for the CDA datedXX/XX/XXXX. Exception remains.
    XX/XX/XXXX  9:57:59 AM 2 B XX/XX/XXXX NV Primary Purchase   C B B B C B A A Non QM Non QM No
XXX 22NQM2 - 22 XXXX   25424782 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Eligibility Guideline Public Record Issue: Credit Report: Original // Public Record Type: Collections / Balance: XXX, Credit Report: Original // Public Record Type: Collections / Balance: XXX Do not meet guides for 5.5.3 item C as cannot be included into ratios as would exceed  maximum of 50%.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:58:19 AM 2 B XX/XX/XXXX NV Primary Purchase   C B B B C B A A Non QM Non QM No
XXX 22NQM2 - 21 XXXX   25424798 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $426,814.48, while closing CD seller's fees total $0.00.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:02:12 PM 1 A XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A A A Non QM Non QM Yes
XXX 22NQM2 - 21 XXXX   25424799 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline AUS Findings: All conditions were not met   Please provide current mortgage statement for Borrower's subject property supporting total monthly mortgage payment includes escrow. Subject to re-qualification. Please provide LOE for Foreclosures reflected on credit report and Fraud Report. Self-employed six years, owners of XXXX

DTI is 40%, 10% < program maximum of 50%

Reserves are 14.8 months, 8.8 months > program requirement of 6 months
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller does not have mortgage statement please provide evidence of taxes and insurance payment amount and if included in the amount of 2583.00 as reported on the credit report. Subject to recalculation.


Reviewer Comment (2018-10-29): Seller provided initial monthly payment breakdown for second home subject loan- missing mortgage statement for PITIA on primary. Exception remains.
    XX/XX/XXXX  9:29:28 AM 2 B XX/XX/XXXX FL Second Home Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 21 XXXX   25424801 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Miscellaneous Guideline Credit Exception:   Please provide current mortgage statement for Borrower's subject property supporting total monthly mortgage payment includes escrow. Subject to re-qualification. Self-employed six years, owners of XXXX

DTI is 40%, 10% < program maximum of 50%

Reserves are 14.8 months, 8.8 months > program requirement of 6 months
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller does not have mortgage statement please provide evidence of taxes and insurance payment amount and if included in the amount of 2583.00 as reported on the credit report. Subject to recalculation.


Reviewer Comment (2018-10-29): Seller provided initial monthly payment breakdown for second home subject loan- missing mortgage statement for PITIA on primary. Exception remains.
    XX/XX/XXXX  9:29:37 AM 2 B XX/XX/XXXX FL Second Home Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 21 XXXX   25424802 XXXX XX/XX/XXXX  12:14:11 PM Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of 70.00000% exceeds Guideline loan to value percentage of 60.00000%. Lender approved exception to allow LTV is 70% vs program maximum of 60% (2nd appraisal came in at $XXXX, 1st appraisal is $XXXX) Self-employed six years, owners of XXXX

DTI is 40%, 10% < program maximum of 50%

Reserves are 14.8 months, 8.8 months > program requirement of 6 months
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  11:51:14 AM 2 B XX/XX/XXXX FL Second Home Purchase   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 45 XXXX   25424785 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) The final CD did not provide a tolerance cure for the increase to the Appraisal Desk Reieiw fee.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  10:44:05 AM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 45 XXXX   25424786 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7505) The CD issued onXX/XX/XXXXdded the Appraisal Desk Review Fee of $150.00 without a valid change of circumstance.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): Fee not disclosed on the initial LE and required per loan program. No valid COC provided. Please provide a refund, PCCD, LOX and proof of delivery. Exception remains.
  XX/XX/XXXX  10:43:55 AM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 45 XXXX   25424789 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller provided the appraisal transfer from XXXX to XXXX. Missing proof of appraisal provided to the borrower at least 3 business days prior to closing. Exception remains.
    XX/XX/XXXX  10:29:28 AM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 45 XXXX   25424790 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:SecondaXX/XX/XXXX)         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller provided the appraisal transfer from XXXX to XXXX. Missing proof of appraisal provided to the borrower at least 3 business days prior to closing. Exception remains.
    XX/XX/XXXX  10:29:36 AM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 45 XXXX   25424791 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) The borrower's CD did not disclose the seller paid fees.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:40:12 PM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 45 XXXX   25424793 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX >= initial CD received dateXX/XX/XXXX       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:29:44 AM 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 45 XXXX   25424794 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXX/XXX/Schedule K-1 less than 25 Percent) Seller provided the 2017 tax return extension no 2017 1040 exception is for tax return recency.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:25:06 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 32 XXXX   25424808 XXXX XX/XX/XXXX  12:14:11 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  Appraisal datedXX/XX/XXXX with no damage dated after declared disaster dateXX/XX/XXXX.     Reviewer Comment (2018-10-29): XXXX has elected to waive this exception with compensating factor.
    XX/XX/XXXX  1:12:13 PM 2 B XX/XX/XXXX CA Primary Refinance - Rate/Term   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 32 XXXX   25424812 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.59100% or Final Disclosure APR of 6.61100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:06:50 AM 1 A XX/XX/XXXX CA Primary Refinance - Rate/Term   C B C B C A A A Non QM Non QM No
XXX 22NQM2 - 32 XXXX   25424813 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.59100% or Final Disclosure APR of 6.61100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:07:02 AM 1 A XX/XX/XXXX CA Primary Refinance - Rate/Term Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C B C B C A A A Non QM Non QM Yes
XXX 22NQM2 - 17 XXXX   25424804 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX) The Final CD disclosed the Tax Service fee was paid to the Lender under section B.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:57:15 PM 2 B XX/XX/XXXX NY Primary Purchase Good Faith Redisclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 17 XXXX   25424805 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.74650% or Final Disclosure APR of 6.75100% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:40:35 AM 1 A XX/XX/XXXX NY Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 17 XXXX   25424806 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 6.97290% is in excess of allowable threshold of Prime Mortgage Market Rate 3.87000% + 1.75%, or 5.62000%.  Compliant SubPrime Loan.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:57:20 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 17 XXXX   25424807 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application. Cleared: Application date XX/XX/XXXXCounseling Disclosure dated XX/XX/XXXX and signed XX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:57:25 PM 2 B XX/XX/XXXX NY Primary Purchase No obvious cure B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 48 XXXX   25424819 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $14,513.95.  Seller paid fees not listed on the borrowers Final CD, Estoppel fee of $170, Endorsement fees of $174.95, Lender's Title of $1,052.50, Buyer Realtor Commission of $6,897, Seller Realtor Commission of $5,747.50, Seller Rep fee of $275 and Owner's Title of $197.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:47:50 PM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
XXX 22NQM2 - 48 XXXX   25424824 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06390% or Final Disclosure APR of 7.12100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  4:06:47 PM 1 A XX/XX/XXXX FL Primary Purchase   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 4 XXXX   25424850 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (FinXX/XX/XXXX) Disclosure reflects an appraised value of $XXXX; appraisal reflects a value of $XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:56:14 AM 2 B XX/XX/XXXX CA Investment Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 4 XXXX   25424851 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:56:18 AM 2 B XX/XX/XXXX CA Investment Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 4 XXXX   25424853 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,218.00 exceeds tolerance of $150.00 plus 10% or $165.00.  Insufficient or no cure was provided to the borrower. (0) Final disclosure reflects an increase in the 10% tolerance fees, total expense is $1,218.00, exceeds tolerance limit of $165.00 by $1,053.00, missing proof of valid change disclosed to the borrower, no cure provided at closing       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,shipping and refund.


Reviewer Comment (2018-10-29): Seller provided a COC for the 4/10 LE which is not valid due to settlement fee increases however the settlement fee was not disclosed on the LE, Lenders title was not disclosed on LE, recording service fee was not disclosed on LE and the recording fee increased by 22.00. Please refund the 1,053.00. Exception remains.
  XX/XX/XXXX  1:12:02 PM   2 B XX/XX/XXXX CA Investment Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 4 XXXX   25424854 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $650.00 exceeds tolerance of $500.00.  Insufficient or no cure was provided to the borrower. (7506) Final disclosure reflects a total expense for the appraisal Fee of $650.00, previously disclosed as $500.00, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,shipping and refund.


Reviewer Comment (2018-10-29): Please provide a valid reason for the increase in the appraisal fee from 500.00 to 650.00 as fee should have been known at time of origination and no reason for increase was provided. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a COC for the 4/10 LE with no valid reason for the appraisal fee increase. Please provide refund of 150.00. Exception remains.
  XX/XX/XXXX  1:12:12 PM   2 B XX/XX/XXXX CA Investment Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A N/A N/A Yes
XXX 22NQM2 - 4 XXXX   25424858 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender exception Borrower has been a General Manager forXXXXfor the past 5 years

Borrowers both have perfect credit histories with no late payments as well as a perfect mortgage history going back full 30 months

791 representative FICO score > 640  guideline minimum - 115 points above guideline minimum

3.76 months. .76 months > program requirement of 3 months

49.232% LTV < 70.00%guideline max
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  3:24:48 PM 2 B XX/XX/XXXX CA Investment Refinance - Rate/Term   C B C B C B A A N/A N/A No
XXX 22NQM2 - 33 XXXX   25424859 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.33020% or Final Disclosure APR of 7.33100% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as 7.331%; calculated is 7.3302%; threshold is 6.14%.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:04:47 AM 1 A XX/XX/XXXX FL Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 33 XXXX   25424861 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for various 0% tolerance violations $877 was not provided.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:23:16 PM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 33 XXXX   25424862 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Estoppel Fee.  Fee Amount of $300.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75142) HOA Estoppel fee disclosed as $0 on the LE datedXX/XX/XXXXbut disclosed as $300 on the Final Closing Disclosure.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.
  XX/XX/XXXX  1:20:41 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 33 XXXX   25424863 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Dues.  Fee Amount of $577.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7543) HOA Dues disclosed as $0 on the LE datedXX/XX/XXXXbut disclosed as $577 on the Final Closing Disclosure.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.
  XX/XX/XXXX  1:20:51 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 33 XXXX   25424865 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Note on transaction is a Fixed an does not have assumption verbiage; CD reflects "Will allow" assumption.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:06:00 PM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 33 XXXX   25424869 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Acronyms or Abbreviations TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on XX/XX/XXXX used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (FinXX/XX/XXXX) Disclosure reflects a CDA fee; should reflect Collateral Desktop Analysis.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:23:01 PM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 42 XXXX   25424870 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Eligibility Credit Guideline Issue: Bankruptcy timeline outside of credit guidelines   CH 7 bankruptcy discharged only 1.5 years prior to close  vs 2 years minimum requirement per guidelines. Lender Exception was approved. Rate and term refinance.

Borrower has employment stability for 20 years as a self-employed contractor.

XX% DTI on this Bank Statement documentation loan < 50% guideline max - XX% below program guideline maximum

156 months reserves > 9 months guideline minimum - borrowers have verified reserves of $XXXX.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:24:38 AM 2 B XX/XX/XXXX GA Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
XXX 22NQM2 - 42 XXXX   25424871 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Calculation / Analysis Credit Guideline Issue:  Insufficient tradelines per credit guidelines   2 trade lines less than 12 month old < 2 minimum requirement per guidelines established 12 months or longer.  Lender Exception has been approved. Rate and term refinance.

Borrower has employment stability for 20 years as a self-employed contractor.

XX% DTI on this Bank Statement documentation loan < 50% guideline max - XX% below program guideline maximum

156 months reserves > 9 months guideline minimum - borrowers have verified reserves of $XXXX.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:24:46 AM 2 B XX/XX/XXXX GA Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
XXX 22NQM2 - 38 XXXX   25424873 XXXX XX/XX/XXXX  12:14:11 PM Credit Guideline Guideline Issue Guideline Ineligible property type. Single Family Detached Lender approved exception: property consists of XX acres vs. program maximum of 15 Guideline variance approved by lender at time of origination; Borrower is self-employed 5 years, owner of XXXX; no public records

Guideline variance approved by lender at time of origination; DTI is XX%, 27.943% < program maximum of 50%

Guideline variance approved by lender at time of origination.
LTV is 80%, 10% < program maximum of 90%
    Reviewer Comment (2018-10-29): XXXX elected to waive the requirement based on Compensating factors.
    XX/XX/XXXX  5:14:52 PM 2 B XX/XX/XXXX NJ Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 38 XXXX   25424884 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) The borrower's CD did not disclose the seller paid fees.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:03:25 PM 1 A XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 38 XXXX   25424888 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.43510% or Final Disclosure APR of 7.57300% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:16:26 PM 1 A XX/XX/XXXX NJ Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 38 XXXX   25424889 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures. Missing the e-consent       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:03:31 PM 2 B XX/XX/XXXX NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 38 XXXX   25424890 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX > = initial CD received dateXX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:03:39 PM 2 B XX/XX/XXXX NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 7 XXXX   25424896 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) The final CD did not provide a tolerance cure for the increase to the Transfer Tax and the Loan Discount Points.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  2:42:17 PM   2 B XX/XX/XXXX FL Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 7 XXXX   25424899 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $900.00 exceeds tolerance of $550.00.  Insufficient or no cure was provided to the borrower. (7506) The CD issued onXX/XX/XXXXncreased the Appraisal Fee without a valid change of circumstance.  A tolerance cure was provided for this increase.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  2:42:04 PM   2 B XX/XX/XXXX FL Second Home Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 7 XXXX   25424900 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of $189.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7588) The CD disclosed the Attorney Review Fee in Section B.  The LE disclosed the Attorney Review Fee in Section H.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  2:41:52 PM   2 B XX/XX/XXXX FL Second Home Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 7 XXXX   25424901 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $3,877.50 exceeds tolerance of $3,135.00.  Insufficient or no cure was provided to the borrower. (8304) Final CD disclosed  tax stamps totaling $3,877.50 which is 742.50 over the initial disclosed transfer tax fee of $3,135.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
  XX/XX/XXXX  2:41:41 PM   2 B XX/XX/XXXX FL Second Home Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 7 XXXX   25424904 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Miscellaneous Guideline Credit Exception:   Permit escrow holdback for completion of 3rd bathroom and drywall. Escrow holdback in the amount of 15,750*175% total 27,562.50 to be held in escrow until completion of 3rd bathroom and drywall and 442 confirming completion is provided. Correspondent requests 60 days from time of closing for proof of completion of bathroom and to provide 442. Lender approved. Borrower has been self employed as Owner of XXXX for the past 3 years and has been in the same line od work for the past 25 years.

24.63  months reserves > 3 months guideline minimum

LTV 54.23077%, 10.769%< program maximum of 65%

XX%DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  1:47:37 PM 2 B XX/XX/XXXX FL Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 7 XXXX   25424905 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) Valuation receivedXX/XX/XXXX < valuation report dateXX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:24:40 PM 2 B XX/XX/XXXX FL Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 47 XXXX   25424909 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.85200% or Final Disclosure APR of 6.86700% is in excess of allowable threshold of APOR 4.3XX% + 1.5%, or 5.88000%.  Compliant Higher Priced Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  8:46:59 AM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424910 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $5,486.40 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Final disclosure indicates that the escrow account will contain taxes only in the amount of $457.20, however section G reflects 4 month of homeowners insurance of $146.17 was collected for the initial escrow deposit. This error is causing issues with all 4 projected payment tables and the total cost for escrow and non escrowed items over the 1st year.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX.
  XX/XX/XXXX  5:37:57 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424911 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/463665) Final disclosure indicates that the escrow account will contain taxes only in the amount of $457.20, however section G reflects 4 month of homeowners insurance of $146.17 was collected for the initial escrow deposit. This error is causing issues with all 4 projected payment tables and the total cost for escrow and non escrowed items over the 1st year.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.


Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
  XX/XX/XXXX  12:50:45 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424912 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/463666) Final disclosure indicates that the escrow account will contain taxes only in the amount of $457.20, however section G reflects 4 month of homeowners insurance of $146.17 was collected for the initial escrow deposit. This error is causing issues with all 4 projected payment tables and the total cost for escrow and non escrowed items over the 1st year.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.


Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
  XX/XX/XXXX  12:51:14 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424913 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/463667) Page 1 of the CD disclosed Homeowner's Insurance not included in escrow.  Page 2, Section G disclosed insurance included in escrow.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.


Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
  XX/XX/XXXX  12:51:28 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424914 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/463668) Page 1 of the CD disclosed Homeowner's Insurance not included in escrow.  Page 2, Section G disclosed insurance included in escrow.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.


Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
  XX/XX/XXXX  12:51:40 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424915 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/463665) Page 1 of the CD disclosed Homeowner's Insurance not included in escrow or in the payment.  Page 2, Section G disclosed insurance included in escrow.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX, NORTC and shipping label


Reviewer Comment (2018-10-29): PCCD provided a payment of 3436.83 does not match calculated amount of 3436.84. Exception remains.


Reviewer Comment (2018-10-29): CD projected total min payment amount 3290.67 > calculated amount 3436.84. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
  XX/XX/XXXX  11:56:41 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424916 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Homeowners Insurance Included In Escrow TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether Homeowners Insurance is included in escrow. (FinXX/XX/XXXX) Page 1 of the Final CD reflect that hazard insurance is not escrowed. Page 2 reflects hazard insurance reserves collected at closing.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.


Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery. Missing the NORTC. Exception remains.
  XX/XX/XXXX  12:52:37 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424917 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $1,754.04 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Page 1 of the Final CD reflect that hazard insurance is not escrowed. Page 2 reflects hazard insurance reserves collected at closing.       Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery.
  XX/XX/XXXX  5:40:39 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424918 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) The final CD did not provide a tolerance cure for the increase to the Appraisal Balance fee.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:10:18 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424920 XXXX XX/XX/XXXX  12:14:11 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  Appraisal report datedXX/XX/XXXX with no damage after declared disasterXX/XX/XXXX.     Reviewer Comment (2018-10-29): XXXX has elected to waive this exception with compensating factor.
    XX/XX/XXXX  10:09:50 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 47 XXXX   25424921 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of XXX. Per SP A5 guidelines, a minimum FICO of 640 is required for this transaction. Lender approved exception in file for a XXX FICO. Borrower has employment stability for 28 years as a self-employed physician.

Subject mortgage history is 0x30x48.

55.376% LTV < 70.00% guideline max

XX% DTI on this Bank Statement documentation loan < 50.00% guideline max - XX% below program guideline maximum
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  8:52:33 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 47 XXXX   25424922 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) Lender utilized an Index Value of 2.77% which is out of Clarity's lookback. Clarity reflects a maximum Index Value of 2.76875%.       Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery.
  XX/XX/XXXX  5:41:05 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424923 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) The CD disclosed that the loan is not assumable; however, the loan disclosed that  the loan is assumable.       Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX
  XX/XX/XXXX  11:34:19 AM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424926 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $750.00 exceeds tolerance of $550.00.  Insufficient or no cure was provided to the borrower. (7506) Final disclosure reflects a total expense for the appraisal Fee of $750.00, previously disclosed as $550.00, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.       Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD and proof of delivery.
  XX/XX/XXXX  5:41:26 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424948 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Minimum Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Minimum Interest Rate that does not match the actual minimum interest rate for the loan. (FinXX/XX/XXXX) Revised note CD AIR min interest rate 4.5 < Calculated CD air min interest rate 5.875.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:53:15 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424949 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Interest Rate Max Rate In Year TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing rate disclosed the first date when the interest rate can reach the maximum that does not match the actual first date for the loan. (FinXX/XX/XXXX) Revised note CD loan terms max rate term 8 M calculated max rate term 10.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:53:34 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424950 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Payment Max Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing payment disclosed the maximum possible amount of principal and interest that does not match the actual maximum amount for the loan. (FinXX/XX/XXXX) Revised note CD Loan term max payment amount 4,233 < calculated max payment amount 4,201.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:53:48 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424951 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Payment Max Amount In Year TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XXXX with an increasing payment disclosed the earliest date of the maximum possible amount of principal and interest that does not match the actual earliest date for the loan. (FinXX/XX/XXXX) Revised note CD loan term max payment term 8< calculated loan term max payment term 10.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:54:00 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424952 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/463666) Revised note CD projected P&I min payment 2,494.00 < calculated amount 2,833.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:54:24 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424953 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a periodic principal and interest payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/463667) Revised note CD projected P&I min payment amount 2,822.00 < calculated amount 2,494.00.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:54:34 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424954 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a periodic principal and interest payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/463668) Revised note CD projected P&I min payment amount 2,822.00 < calculated amount 2,494.00.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:54:43 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424955 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a maximum periodic principal and interest payment for payment stream 2 that does not match the actual maximum payment for the loan. (ProjSeq:2/463666) Revised note CD projected P&I max amount 4,233.00 > calculated amount 3,365.00       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:55:00 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424956 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a maximum periodic principal and interest payment for payment stream 3 that does not match the actual maximum payment for the loan. (ProjSeq:3/463667) Revised note CD projected P&I max amount 4,233.00 > calculated amount 3,919.00       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:55:11 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424957 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed a maximum periodic principal and interest payment for payment stream 4 that does not match the actual maximum payment for the loan. (ProjSeq:4/463668) Revised note CD projected P&I max amount 4,233.00 > calculated amount 4,201.00       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX,NORTC and proof of delivery.
  XX/XX/XXXX  12:55:21 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 47 XXXX   25424966 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.629XX% or Final Disclosure APR of 6.86700% is in excess of allowable threshold of APOR 4.3XX% + 1.5%, or 5.88000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  1:01:24 PM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 59 XXXX   25424973 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.31360% or Final Disclosure APR of 7.35500% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:04:04 AM 1 A XX/XX/XXXX FL Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 59 XXXX   25424974 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of the borrower's receipt of the Home Loan Toolkit.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:49:19 PM 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 59 XXXX   25424975 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (FinXX/XX/XXXX) Missing evidence of the Seller Closing Disclosure.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:49:25 PM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 59 XXXX   25424976 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence of the borrower's receipt of the List of Service Providers.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:49:32 PM 1 A XX/XX/XXXX FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 44 XXXX   25424984 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:44:33 AM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 44 XXXX   25424987 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:44:42 AM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 44 XXXX   25424988 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $36,300.00, while closing CD seller's fees total $24,505.00       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:44:50 AM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 44 XXXX   25424990 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Delivery Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75188) Final disclosure reflects a total expense for the Title- E rcording Fee of $9.00, not previously disclosed, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.       Reviewer Comment (2018-10-29): The seller provided  Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD


Reviewer Comment (2018-10-29): Seller provided a COC for 5/24 and 6/5 rate lock no valid COC provide for fee addition. Exception remains.
  XX/XX/XXXX  8:38:27 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 44 XXXX   25424994 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) The seller provided verification the appraisal was sent to the borrower onXX/XX/XXXX. The Appraisal has a report date of XX/XX/XXXX       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:04:57 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 44 XXXX   25424995 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.42480% or Final Disclosure APR of 6.44600% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan. XXXX purchase HPML compliant loans       Reviewer Comment (2018-10-29): XXXX purchase HPML compliant loans
    XX/XX/XXXX  10:01:55 AM 1 A XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 44 XXXX   25424997 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Delivery Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (75188) The seller provided sufficient or excess cure was provided to the borrower       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:13:10 AM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 60 XXXX   25424998 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Calculation / Analysis Credit Guideline Issue:  Insufficient tradelines per credit guidelines   Lender approved exception. Borrower has 6 closed and 2 active trade lines. Two are opened < twelve months ago (each opened X/XXXX) vs. program requirement of at least two trade lines that have been active within the past 12 months. Borrower is self-employed as owner of XXXX for the past 16 years.  No public records.

Credit score is 795, 95 points > program requirement of 700

DTI is XX%, 24.06%  < program maximum of XX%

LTV is 54.545%, 35.455% < program maximum of 90%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:25:17 AM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 60 XXXX   25424999 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.50100% or Final Disclosure APR of 6.52200% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML complaint loans.
    XX/XX/XXXX  9:21:51 AM 1 A XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 60 XXXX   25425000 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:20:03 AM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 60 XXXX   25425003 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller CD seller paid fees > final CD seller paid fees of 0.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:49:00 AM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 16 XXXX   25425019 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Maximum DTI is 50% per SP A5 guidelines. Lender approved exception in provided for DTI of XX%.  Comp factors:  LTV, reserves, FICO, lowering monthly payment %XXX/mo. Borrower has employment stability for 34 years as the owners of their own business.

The borrower is consolidating 3 mortgages on subject resulting in an overall monthly housing expense savings of %XXX/month.

The borrower's Credit Score of 673 is 33 point > than the program requirement of 640.

6.44 months reserves > 3 months guideline minimum - borrowers have verified reserves of $XXXX.

The LTV is 54.394% which is 15.606% < the program maximum of 70%.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:46:53 AM 2 B XX/XX/XXXX NC Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 16 XXXX   25425021 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.56870% or Final Disclosure APR of 6.61600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:43:03 AM 1 A XX/XX/XXXX NC Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 16 XXXX   25425024 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of 6.56870% or Final Disclosure APR of 6.61600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Rate Spread Home Loan.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:33:01 AM 2 B XX/XX/XXXX NC Primary Refinance - Cash-out - Debt Consolidation Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.  

(Narrow Defense - Requires CHD Approval)
Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error,  creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.
C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 16 XXXX   25425025 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) Confirmed borrower receipt and confirmation onXX/XX/XXXXno earlier version of the appraisal was located in the file.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:33:06 AM 2 B XX/XX/XXXX NC Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 77 XXXX   25425035 XXXX XX/XX/XXXX  12:14:11 PM Property Property - Appraisal General Appraisal Requirements Property - Appraisal The appraisal revealed property damage.   Appraisal completed 'as is' but identifies $XXXX in deferred maintenance. Borrower LOE stating they will address after closing. Allow to close with deferred items: railings around porch, exterior paint, vinyl flooring for unit XXX, clean and paint interior, repair broken window, repair kitchen cabinet in unit XXX. (Note Borrower has $XXXX after closing that can be utilized). Lender approved exception provided in file. Credit score is 809, 149 points > program requirement of 660

Guideline variance approved by lender at time of origination.
15 months of reserves ($43,000), 12 months > program requirement of 3 months

DTI is 11.02073%, 38.97927% < program maximum of 50%

Guideline variance approved by lender at time of origination.
LTV is 65%, XX% < program maximum of 80%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:21:10 AM 2 B XX/XX/XXXX CA Investment Purchase   B B B B B B B B N/A N/A No
XXX 22NQM2 - 77 XXXX   25425036 XXXX XX/XX/XXXX  12:14:11 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  Appraisal report datedXX/XX/XXXX with no damage dated after declared disaster dateXX/XX/XXXX.     Reviewer Comment (2018-10-29): XXXX has elected to waive with compensating factors.
    XX/XX/XXXX  4:56:47 PM 2 B XX/XX/XXXX CA Investment Purchase   B B B B B B B B N/A N/A No
XXX 22NQM2 - 77 XXXX   25425038 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:AdditionXX/XX/XXXX) Evidence desk review provided to borrower is not in file.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller provided appraisal receipt datedXX/XX/XXXX however exception is for the receipt of the desk review datedXX/XX/XXXX. Exception remains.
    XX/XX/XXXX  9:44:21 AM 2 B XX/XX/XXXX CA Investment Purchase   B B B B B B B B N/A N/A No
XXX 22NQM2 - 56 XXXX   25425030 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:28:57 AM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 56 XXXX   25425032 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $75,720.27, while closing CD seller's fees total $0.00       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:29:06 AM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 56 XXXX   25425034 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception on pg. 1023 for missing CPA letters for use of business funds, required per SP A5 guidelines. Mortgage is 0x30x12

Borrower has been self employed 18 years, owner of XXXX

68.96545% LTV, 21.035% < program maximum of 90%

XX% DTI on this ALT documentation loan < 26.02661% guideline max - XX% below program guideline maximum

Credit score 713, 13 points > program requirement of 700
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  2:52:15 PM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 40 XXXX   25425027 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Anti-Steering Disclosure not provided to borrower       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:59:21 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 63 XXXX   25425040 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Eligibility Guideline Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance: XXXX Per guidelines, all undisputed collections or charge off's must be paid regardless of reserves or payments being included in debt to income ratio. Borrower has been self employed as Owner of XXXX for the past 4.3 years with 21 years in the same line of work

Credit Score 649, 9 points > program requirement of 640

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

63.235% LTV < 75% guideline max
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Lender is including payment in debt ratio however guides page 46 item 5.5.3 requires all non medical charge offs to be paid in full prior to or at funding. Exception remains.
    XX/XX/XXXX  1:16:29 PM 2 B XX/XX/XXXX CO Primary Refinance - Rate/Term   D B C B C B A A Non QM Non QM No
XXX 22NQM2 - 63 XXXX   25425041 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) The final CD did not provide a tolerance cure for the increase to the Appraisal Fee.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label


Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and UPS. Missing copy of refund check. Exception remains.
  XX/XX/XXXX  11:39:20 AM   2 B XX/XX/XXXX CO Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 63 XXXX   25425043 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $1,400.00 exceeds tolerance of $550.00.  Insufficient or no cure was provided to the borrower. (7506) The LE issued onXX/XX/XXXXncreased the Appraisal Fee without a valid change of circumstance.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label


Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and UPS. Missing copy of refund check. Exception remains.
  XX/XX/XXXX  11:39:10 AM   2 B XX/XX/XXXX CO Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 63 XXXX   25425047 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX >= initial CD received dateXX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:18:31 AM 2 B XX/XX/XXXX CO Primary Refinance - Rate/Term No Defined Cure D B C B C B A A Non QM Non QM No
XXX 22NQM2 - 67 XXXX   25425049 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.22220% or Final Disclosure APR of 8.25600% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  8:58:01 AM 1 A XX/XX/XXXX NJ Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 67 XXXX   25425050 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Loan Package Documentation High Cost Indicator Flag Loan does not exceed any high cost thresholds, however, documentation indicating loan was originated as a high cost loan found in file. The Mavent report reflects "Fail" for TILA/RESPA, High Cost and State Rules as well as "Alert" for Higher Priced and HMDA.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:42:44 AM 2 B XX/XX/XXXX NJ Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 67 XXXX   25425051 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) The Seller's CD disclosed an Attorney fee of $750 and a wire fee of $20, paid by Seller, not reflected on the Final CD.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:42:49 AM 1 A XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
XXX 22NQM2 - 67 XXXX   25425052 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 700. Lender approved Borrower credit does not reflect any public records.

The borrower has reserves totaling 10.15 months which is 7.15  months more than the program requirement of 3 months.

The borrower's DTI is 5% which is 45% less than the program maximum of 50%.

Borrower has been self employed for 2 years, owning a gas station; borrower in same line of work for previous 5 years.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:03:24 AM 2 B XX/XX/XXXX NJ Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 55 XXXX   25425054 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.94450% or Final Disclosure APR of 6.96200% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:03:47 AM 1 A XX/XX/XXXX CT Primary Purchase   C A C A A A A A Non QM Non QM No
XXX 22NQM2 - 55 XXXX   25425055 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) Connecticut Non-Prime Home Loan: APR on subject loan of 6.94450% or Final Disclosure APR of 6.96200% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:03:51 AM 1 A XX/XX/XXXX CT Primary Purchase Within 90 days of closing, and prior to the commencement of any action against a lender, the borrower is notified of the violation and the lender makes appropriate restitution by either:
(a) making the nonprime home loan comply with the applicable provisions of the law; or
(b) changing the terms of the mortgage in a manner beneficial to the borrower so that the mortgage will no longer be considered a nonprime home loan;

Provide: Letter of Explanation and either:  For option (a), proof of cure for each of the prohibited practice violations noted; or For option (b), a copy of refund check and proof of mailing.

OR

(Narrow Defense - CHD Approval Required)  The lender is able to show by a preponderance of evidence (no timeframe noted) that the compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid such errors.  Provide:  (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made and (ii) the lender has not received any notice from borrower of the failure; (2) refund of amount over the Non-Prime Home Loan  threshold maximum; and (3) proof of delivery.

OR

The lender and borrower otherwise reach a mutual agreement on an appropriate remedy or curative action.
C A C A A A A A Non QM Non QM Yes
XXX 22NQM2 - 52 XXXX   25425058 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.38360% or Final Disclosure APR of 6.42600% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  12:51:49 PM 1 A XX/XX/XXXX NJ Primary Purchase   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 53 XXXX   25425067 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of XX610% or Final Disclosure APR of 6.19800% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  4:00:59 PM 1 A XX/XX/XXXX NY Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 53 XXXX   25425070 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Partial Payments. (FinXX/XX/XXXX) The final CD did not check a box in the Partial Payments section of the Loan Disclosures on page 4.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping lable.
  XX/XX/XXXX  9:38:54 AM   2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 75 XXXX   25425073 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.80370% or Final Disclosure APR of 6.80700% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  4:02:41 PM 1 A XX/XX/XXXX WA Primary Refinance - Cash-out - Home Improvement   C B C B A A A A Non QM Non QM No
XXX 22NQM2 - 75 XXXX   25425074 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow Borrower has been living in the subject property for the past 5 years. Borrower's mother deeded the property solely to our borrower 1 month ago. Exception is for ownership < three months vs program requirement that at least one of the Borrowers must have been an owner of the Subject Property throughout the three-month period preceding the Date of the Loan. No late payments on credit and no public records

Borrower is self-employed as owner of XXXX for the past 27 years

Reserves are 74.27 months, 71.27 months > program requirement of 3 months

DTI is XX%, 14.95286 < program maximum of 50%

Credit Score is 708, 28 points > program requirement of 680

LTV is 65%, XX% < program maximum of 80%

Subject Property is owned free and clear
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  4:08:10 PM 2 B XX/XX/XXXX WA Primary Refinance - Cash-out - Home Improvement   C B C B A A A A Non QM Non QM No
XXX 22NQM2 - 49 XXXX   25425076 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.67960% or Final Disclosure APR of 6.68300% is in excess of allowable threshold of APOR 4.53% + 1.5%, or 6.03000%.  Compliant Higher Priced Loan. APR on subject loan of 6.67960% or Final Disclosure APR of 6.68300% is in excess of allowable threshold of APOR 4.53% + 1.5%, or 6.03000%. Compliant Higher Priced Loan.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:01:05 AM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 49 XXXX   25425078 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (InitiXX/XX/XXXX) Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (InitiXX/XX/XXXX)       Reviewer Comment (2019-06-26): Client elects to waive.


Reviewer Comment (2018-10-29): Seller provided a attestation letter stating the application date isXX/XX/XXXX however hard stamped application date on the initial application ofXX/XX/XXXX is reflected per page 36.Exception remains


Buyer Comment (2018-10-29): uploaded attestation


Buyer Comment (2018-10-29): The application is datedXX/XX/XXXXIf you zoom in you can tell that its a 9


Reviewer Comment (2018-10-29): Seller provided theXX/XX/XXXX receipt datedXX/XX/XXXX not within 3 days of application - application plus 3 daysXX/XX/XXXX. Exception remains.
    XX/XX/XXXX  11:04:02 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 49 XXXX   25425080 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.67960% or Final Disclosure APR of 6.68300% is in excess of allowable threshold of APOR 4.53% + 1.5%, or 6.03000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:01:36 AM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 49 XXXX   25425081 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $495.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506) $175.00 cure provided for this overage, appraisal fee increased without VCC.           XX/XX/XXXX  7:17:37 PM   1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 70 XXXX   25425087 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:24:47 PM 2 B XX/XX/XXXX TX Second Home Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 70 XXXX   25425089 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) No assumption per final CD, yet assumption verbiage is present on Note.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:24:52 PM 2 B XX/XX/XXXX TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 66 XXXX   25425092 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.98280% or Final Disclosure APR of 6.99400% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:48:49 AM 1 A XX/XX/XXXX NC Primary Purchase   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 66 XXXX   25425093 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for homeowner's insurance under Prepaids. (FinXX/XX/XXXX) CD missing the number of months collected for Hazard Insurance       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:28:56 PM 2 B XX/XX/XXXX NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 66 XXXX   25425094 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Borrower's CD did not reflect all seller charges. - commissions, transfer tax were added to the Borrower's Final CD for testing.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:29:05 PM 1 A XX/XX/XXXX NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 66 XXXX   25425095 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of 6.98280% or Final Disclosure APR of 6.99400% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Rate Spread Home Loan. Confirmed.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:50:30 PM 2 B XX/XX/XXXX NC Primary Purchase Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.  

(Narrow Defense - Requires CHD Approval)
Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error,  creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.
C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 46 XXXX   25425098 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) Per email in file, the appraisal was emailed to the Borrower on XX/XX/XXXX, however the appraisal reflects a report date of XX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:54:02 AM 2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 46 XXXX   25425099 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.64060% or Final Disclosure APR of 6.64100% is in excess of allowable threshold of APOR 4.5XX% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:05:33 AM 1 A XX/XX/XXXX OR Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 46 XXXX   25425100 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for (Tax Service Fee (Life of Loan)) of ($90.00), (Administration Fee) of ($1,100.00), (Collateral Desktop Analysis) of ($150.00), (Flood Certification (Life of Loan)) of ($15.00) and (Appraisal Fee) of ($70.00) was not provided.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:54:09 AM 2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 46 XXXX   25425101 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on XX/XX/XXXX was electronically provided prior to borrower's consent to receive electronic disclosures. (InitiXX/XX/XXXX) eDisclosure Agreement in file reflects an accepted date of XX/XX/XXXX, however a Loan Estimate was electronically signed on XX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:54:14 AM 2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 46 XXXX   25425102 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $90.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (73133) Fee was not disclosed on Initial Loan Estimate.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
  XX/XX/XXXX  4:50:50 PM   2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 46 XXXX   25425103 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee.  Fee Amount of $1,100.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7355) Fee was not disclosed on Initial Loan Estimate.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
  XX/XX/XXXX  4:50:58 PM   2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 46 XXXX   25425104 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7367) Fee was not disclosed on Initial Loan Estimate.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
  XX/XX/XXXX  4:51:06 PM   2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 46 XXXX   25425105 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of $15.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7394) Fee was not disclosed on Initial Loan Estimate.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
  XX/XX/XXXX  4:51:14 PM   2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 46 XXXX   25425106 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $650.00 exceeds tolerance of $580.00.  Insufficient or no cure was provided to the borrower. (7506) Fee disclosed as ($580) on (LE dated XX/XX/XXXX), but disclosed as ($650.00) on Final Closing Disclosure.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX, and shipping label.
  XX/XX/XXXX  4:51:23 PM   2 B XX/XX/XXXX OR Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 69 XXXX   25425108 XXXX XX/XX/XXXX  12:14:11 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  Appraisal effective dateXX/XX/XXXX with no damaged dated after the declared disaster dateXX/XX/XXXX.     Reviewer Comment (2018-10-29): XXXX has elected to waive this exception with compensating factor..
    XX/XX/XXXX  5:05:27 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 69 XXXX   25425116 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.47800% or Final Disclosure APR of 6.48800% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML complaint loans.
    XX/XX/XXXX  10:33:57 AM 1 A XX/XX/XXXX CA Primary Purchase Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 69 XXXX   25425117 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $2,200.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Disclosure reflects Non-Escrowed Property Costs over Year 1 of $2,200.00; HOA Dues per the Appraisal are $280/mo or $3360/year.       Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD


Buyer Comment (2018-10-29): Please see PCCD TRACKING and ESIGN borrower authorized electronic delivery


Buyer Comment (2018-10-29): Response: Please see PCCD, LOX
  XX/XX/XXXX  12:00:01 PM   2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 69 XXXX   25425119 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $43,416.75, while closing CD seller's fees total $14,249.75.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:27:12 AM 1 A XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 69 XXXX   25425123 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.47800% or Final Disclosure APR of 6.48800% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:47:59 PM 1 A XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 69 XXXX   25425124 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:SecondaXX/XX/XXXX) Appraisal receivedXX/XX/XXXX < valuation report dateXX/XX/XXXX.       Buyer Comment (2018-10-29): please waive
    XX/XX/XXXX  1:52:59 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 69 XXXX   25425125 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) Appraisal receivedXX/XX/XXXX < valuation report dateXX/XX/XXXX.       Buyer Comment (2018-10-29): please waive
    XX/XX/XXXX  1:52:39 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 64 XXXX   25425132 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.37710% or Final Disclosure APR of 7.39700% is in excess of allowable threshold of APOR 4.5XX% + 2.5%, or 7.08000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  5:18:58 PM 1 A XX/XX/XXXX NY Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 64 XXXX   25425138 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) N/A, the initial appraisal was completed onXX/XX/XXXXnd provided to the borrower onXX/XX/XXXXthe revised appraisal was also provided to the borrowers.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller provided letter from borrower stating receipt dateXX/XX/XXXX prior to report dateXX/XX/XXXX.
    XX/XX/XXXX  4:56:51 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 64 XXXX   25425139 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:SecondaXX/XX/XXXX) Seller provided letter from borrower stating appraisal receipt onXX/XX/XXXX prior to report dateXX/XX/XXXX.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:56:55 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 51 XXXX   25425141 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Negative Amortization TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains Negative Amortization. (FinXX/XX/XXXX) Closing Disclosure incorrectly reflects that Negative Amortization is allowed, however, the loan is fully amortizing.       Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Reviewer Comment (2018-10-29): Seller provided the corrected PCCD datedXX/XX/XXXX however missing the LOX. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a PCCD however no changes to negative amortization question on page 4 were made or addressed on the LOX. Exception remains.
  XX/XX/XXXX  12:49:21 PM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 51 XXXX   25425142 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for the tolerance violation for the Appraisal Fee of $375.00 was not provided.       Reviewer Comment (2018-10-29): Seller provided PCCD, refund 375.00, LOX and shipping label.
  XX/XX/XXXX  10:15:47 AM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 51 XXXX   25425143 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $850.00 exceeds tolerance of $475.00.  Insufficient or no cure was provided to the borrower. (7506) The Appraisal Fee disclosed as $475 on the LE dated XX/XX/XXXX was increased to $850 in a valid Change of Circumstance identified onXX/XX/XXXXhowever, the disclosure was not made within 3 days of the change date XX/XX/XXXXand the charge requires a cure of $375.       Reviewer Comment (2018-10-29): Seller provided PCCD, refund 375.00, LOX and shipping label.
  XX/XX/XXXX  10:15:38 AM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 51 XXXX   25425144 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Optional Fees TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed Optional fees in a section other than Section H. (FinXX/XX/XXXX) Seller Closing Disclosure reflects (Title - Owner's Title Insurance (Optional)) in Section C.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:06:37 AM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 51 XXXX   25425145 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $72,832.30, while closing CD seller's fees total $52,920.00.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:06:42 AM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 72 XXXX   25425147 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Missing Disclosure Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. There is no evidence of date Flood Disclosure was received by the borrower.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:15:03 PM 2 B XX/XX/XXXX NJ Second Home Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 72 XXXX   25425148 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) All seller paid fees captured from Seller CD, none shown on Borrower CD.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:15:08 PM 1 A XX/XX/XXXX NJ Second Home Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 72 XXXX   25425149 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final CD shows no assumption on loan, however assumption verbiage is present on Note.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:15:11 PM 2 B XX/XX/XXXX NJ Second Home Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 50 XXXX   25425159 XXXX XX/XX/XXXX  12:14:11 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  Appraisal datedXX/XX/XXXX with no damaged dated after the declared disaster dateXX/XX/XXXX.     Reviewer Comment (2018-10-29): XXXX has elected to waive this with compensating factor.


Reviewer Comment (2018-10-29): Incorrectly waived


Buyer Comment (2018-10-29): The Appraisal is datedXX/XX/XXXX well after the FEMA event. Please downgrade to an EV2 and Waive this condition.
    XX/XX/XXXX  2:27:30 PM 2 B XX/XX/XXXX CA Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 73 XXXX   25425167 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.99000% or Final Disclosure APR of 7.03600% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:52:53 AM 1 A XX/XX/XXXX CA Primary Purchase   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 73 XXXX   25425172 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.99000% or Final Disclosure APR of 7.03600% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:53:06 AM 1 A XX/XX/XXXX CA Primary Purchase Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C A C A C A A A Non QM Non QM Yes
XXX 22NQM2 - 58 XXXX   25425178 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.31590% or Final Disclosure APR of 7.33500% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML complaint loans.
    XX/XX/XXXX  12:28:39 PM 1 A XX/XX/XXXX FL Primary Purchase   B A A A B A A A Non QM Non QM No
XXX 22NQM2 - 58 XXXX   25425179 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $25,212.64, while closing CD seller's fees total $14,095.00       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:59:12 PM 1 A XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B A A A B A A A Non QM Non QM Yes
XXX 22NQM2 - 65 XXXX   25425182 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.75850% or Final Disclosure APR of 6.80100% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:33:52 AM 1 A XX/XX/XXXX AZ Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 14 XXXX   25425187 XXXX XX/XX/XXXX  12:14:11 PM Credit Missing Document General Missing Document Incomplete Document: 1003 Initial - Lender's is incomplete   Initial 1003 executed by borrower not provided in file.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:07:05 PM 2 B XX/XX/XXXX NJ Investment Purchase   B B B B A A A A N/A N/A No
XXX 22NQM2 - 24 XXXX   25425191 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.93840% or Final Disclosure APR of 6.97800% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as 6.97XX%; calculated is 6.9384%; threshold is 6.XX%.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:49:26 AM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 24 XXXX   25425192 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.93840% or Final Disclosure APR of 6.97800% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Loan. Disclosure reflects APR as 6.97XX%; calculated is 6.9384%; threshold is 6.XX%.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:49:30 AM 1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 24 XXXX   25425195 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Disclosure reflects loan "Will Not" allow assumption; note has assumption verbiage.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:10:25 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 24 XXXX   25425196 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Disclosure reflects closing date asXX/XX/XXXXmortgage notary date is 7/3/18.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:10:32 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 62 XXXX   25425201 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 660. Lender exception for XXX FICO vs. program requirement of 660 per SP A5 guidelines on page 957. Borrower has job stability for 4 years as an business owner with XXXX

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement with compensating factors.
    XX/XX/XXXX  9:21:03 AM 2 B XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 62 XXXX   25425204 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.22080% or Final Disclosure APR of 7.26700% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:18:27 AM 1 A XX/XX/XXXX FL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 62 XXXX   25425205 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.


Buyer Comment (2018-10-29): Please see CHECK UPS LABEL


Reviewer Comment (2018-10-29): Seller provided PCCD ad LOX, missing the refund and shipping. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a PCCD, LOX, refund and shipping for incorrect borrower Lynch. Please provide documents to cure for correct borrower and loan. Exception remains.
  XX/XX/XXXX  3:47:05 PM   2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 62 XXXX   25425206 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $704.00 exceeds tolerance of $384.00.  Insufficient or no cure was provided to the borrower. (7200) Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $704.00 exceeds tolerance of $384.00.  Insufficient or no cure was provided to the borrower.       Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label.


Buyer Comment (2018-10-29): Response: Please see CHECK UPS LABEL


Reviewer Comment (2018-10-29): Seller provided PCCD ad LOX, missing the refund and shipping. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a PCCD, LOX, refund and shipping for incorrect borrower Lynch. Please provide documents to cure for correct borrower and loan. Exception remains.
  XX/XX/XXXX  3:46:52 PM   2 B XX/XX/XXXX FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 29 XXXX   25425211 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. Signed disclosure is not located.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:07:13 PM 2 B XX/XX/XXXX NC Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 29 XXXX   25425212 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of 7.00510% or Final Disclosure APR of 7.04600% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Rate Spread Home Loan.         Buyer Comment (2018-10-29): please waive
    XX/XX/XXXX  3:45:01 PM 2 B XX/XX/XXXX NC Primary Purchase Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.  

(Narrow Defense - Requires CHD Approval)
Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error,  creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.
C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 29 XXXX   25425213 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX) No seller paid fees.       Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Buyer Comment (2018-10-29): Please see LOX that was uploaded on 8/10 which reflects verbiage specific to the LOX as follows "We have also added the seller fees to final closing disclosure as well."


Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, missing LOX regarding seller paid fees. Exception remains


Reviewer Comment (2018-10-29): Unable to waive as EV3.
  XX/XX/XXXX  4:47:33 PM   1 A XX/XX/XXXX NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 29 XXXX   25425214 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund 250.00. LOX and shipping label


Buyer Comment (2018-10-29): Please see CHECK, UPS LABEL, PCCD, LOX
  XX/XX/XXXX  10:25:07 AM   2 B XX/XX/XXXX NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 29 XXXX   25425215 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $5,320.00 exceeds tolerance of $5,070.00.  Insufficient or no cure was provided to the borrower. (7200) Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $5,320.00 exceeds tolerance of $5,070.00.  Missing proof of valid change and no cure was provided to the borrower.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund 250.00. LOX and shipping label


Buyer Comment (2018-10-29): Please see CHECK, UPS LABEL, PCCD, LOX


Reviewer Comment (2018-10-29):XX/XX/XXXX CD unable to re-baseline fees as dated prior toXX/XX/XXXX and a LE is required to re-baseline fees. Exception remains.
  XX/XX/XXXX  10:24:55 AM   2 B XX/XX/XXXX NC Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 29 XXXX   25425216 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.00510% or Final Disclosure APR of 7.04600% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  4:06:07 PM 1 A XX/XX/XXXX NC Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 81 XXXX   25425217 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit AUS Findings: Down Payment % from Borrower Own Fund. Calculated Down Payment % of Borrower Own Funds of XX%is less than Guideline Down Payment % of Borrower Own Funds of . 100% of down payment, FTC and reserves are from a gift vs. program requirement of 5% must be from borrower's own funds. Lender approved exception provided in file. Borrower has been employed as a banker with XXXX for the past 6.85 years

No credit late payments in the past 69 months (since 9/2012)

Credit score is 686, 6 points > program requirement of 680

DTI is XX%, 42.573XX% < program maximum of 50%

LTV is 19.54%, 55.46% < program maximum of 75%
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:43:02 AM 2 B XX/XX/XXXX CA Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 81 XXXX   25425218 XXXX XX/XX/XXXX  12:14:11 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XX/XX/XXXX
  Appraisal reportXX/XX/XXXX with no damage dated after the declared disaster dateXX/XX/XXXX.     Reviewer Comment (2018-10-29): XXXX has elected to waive with compensating factor.
    XX/XX/XXXX  1:15:56 PM 2 B XX/XX/XXXX CA Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 68 XXXX   25425222 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14360% or Final Disclosure APR of 7.19900% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan. Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14360% or Final Disclosure APR of 7.19900% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%. Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:35:59 AM 1 A XX/XX/XXXX NY Primary Purchase   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 68 XXXX   25425224 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 7.14360% is in excess of allowable threshold of Prime Mortgage Market Rate 3.80000% + 1.75%, or 5.55000%.  Compliant SubPrime Loan.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:57:21 AM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 79 XXXX   25425226 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.30340% or Final Disclosure APR of 7.39500% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:46:52 AM 1 A XX/XX/XXXX NJ Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 79 XXXX   25425227 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final CD shows no assumption on loan, however assumption verbiage is present on Note.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:37:21 AM 2 B XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 79 XXXX   25425228 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX) Total seller paid fees on Borrower CD is $15152.75 vs. $91082.20 on Seller CD.  All Seller Paid fees added to the Final CD for testing.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:37:26 AM 1 A XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 79 XXXX   25425229 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   Title fees are listed in Section B; no providers were selected from the SSPL; the fees should have been in section C.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:37:31 AM 2 B XX/XX/XXXX NJ Primary Purchase Good Faith Redisclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 71 XXXX   25425233 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) The Borrower's Final Closing Disclosure did not disclose any fees paid by the Seller. All Seller paid fees were added to the Final CD for testing.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:44:49 AM 1 A XX/XX/XXXX IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A A A C A A A Non QM Non QM Yes
XXX 22NQM2 - 74 XXXX   25425256 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:03:34 AM 2 B XX/XX/XXXX TX Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 74 XXXX   25425257 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:03:43 AM 2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 74 XXXX   25425258 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $20,571.90, while closing CD seller's fees total $19,560.00       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:03:49 AM 1 A XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 74 XXXX   25425259 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $2,568.00 exceeds tolerance of $2,532.00.  Insufficient or no cure was provided to the borrower. (7200) Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $2,568.00 exceeds tolerance of $2,532.00.  Insufficient or no cure was provided to the borrower.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
  XX/XX/XXXX  5:07:41 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 74 XXXX   25425263 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final CD shows no assumption, however assumption verbiage present on Note.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:04:03 AM 2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 74 XXXX   25425264 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for TX Guaranty Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75228) Zero Percent Fee Tolerance exceeded for TX Guaranty Fee.  Fee Amount of $9.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label
  XX/XX/XXXX  5:07:51 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 74 XXXX   25425265 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.90810% or Final Disclosure APR of 6.94600% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  11:07:04 AM 1 A XX/XX/XXXX TX Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 84 XXXX   25425289 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller CD contained fees none shown on Borrower CD.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  5:28:11 PM 1 A XX/XX/XXXX OH Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 84 XXXX   25425291 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Amount of Cash to Close that does not match the Final value of Cash to Close in the Calculating Cash to Close table. (FinXX/XX/XXXX) The Summaries of Transactions reflects an incorrect figure for Closing Costs Paid at Closing (J); the POC Appraisal fee was not deducted as shown in the Calculating Cash to Close table.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  5:28:30 PM 2 B XX/XX/XXXX OH Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 84 XXXX   25425294 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.48100% or Final Disclosure APR of 6.50400% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:07:39 PM 1 A XX/XX/XXXX OH Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 84 XXXX   25425295 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing the SSLP       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  5:29:36 PM 1 A XX/XX/XXXX OH Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 84 XXXX   25425296 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act – Loan file does not contain evidence of borrower’s consent to receive electronic disclosures. Missing the e-consent       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  5:30:05 PM 2 B XX/XX/XXXX OH Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 84 XXXX   25425297 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure for various 0% tolerance violations (XXXX%xxx.xx) was not provided.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  5:30:19 PM 2 B XX/XX/XXXX OH Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 84 XXXX   25425299 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75104) Fee not disclosed on the initial LE datedXX/XX/XXXX.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and Shipping label.


Reviewer Comment (2018-10-29): Fee was not disclosed on the initial LE and is a required fee. Please provide a 150.00 refund, PCCD, LOX and proof of delivery to cure. Exception remains.


Buyer Comment (2018-10-29): The revised LE’s prev provided showed the points charged – borrower requested change
Loan amount changed which also increase the amount of the charge for discount points.

No refund is required.
  XX/XX/XXXX  1:29:22 PM   2 B XX/XX/XXXX OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 84 XXXX   25425301 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $180.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7723) Fee not disclosed on the initial LE datedXX/XX/XXXX.       Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and Shipping label.


Buyer Comment (2018-10-29): PC CD, LOE, Check, and shipping label uploaded


Reviewer Comment (2018-10-29): Survey fee not disclosed on initial CD however added on theXX/XX/XXXXD in the amount of 180.00 please refund,provide the PCCD, LOX and proof of delivery to cure. Exception remains.


Buyer Comment (2018-10-29): The revised LE’s prev provided showed the points charged – borrower requested change
Loan amount changed which also increase the amount of the charge for discount points.

No refund is required.
  XX/XX/XXXX  1:29:10 PM   2 B XX/XX/XXXX OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 84 XXXX   25425303 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) LE issue dateXX/XX/XXXX < initial CD issue dateXX/XX/XXXX and LE received dateXX/XX/XXXX >= initial CD received dateXX/XX/XXXX.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  5:11:19 PM 2 B XX/XX/XXXX OH Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 80 XXXX   25425271 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.80370% or Final Disclosure APR of 6.81500% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  8:53:10 AM 1 A XX/XX/XXXX TX Primary Purchase   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 80 XXXX   25425274 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX) Seller Paid fees in the Seller's CD totaled $15,688.50, while they totaled $21,888.50 in the Borrower's Final CD, a difference of $6,200.  The primary cause of the difference was due to Realtor Commissions listed in the CD (+$2900) and the application of Seller paid fees on p. 2 of the Final CD. ($3250)The Seller CD included a $100 Doc Prep fee reflected in the borrower's CD as $150; fee difference of $50 brings the total to $6200.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:57:53 PM 1 A XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
XXX 22NQM2 - 26 XXXX   25425305 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of $XXXX is less than Guideline minimum loan amount of $75,000.00. Lender provided a guideline exception for minimum loan amount of $75,000.00 not met. Experienced investor, Property owned free and clear

Perfect mortgage history on credit report with no late payments

DTI XX%, 4.61961% < 5 program maximum of 50%

Borrower has job stability for 27.54 years asXXXX.

376 months reserves 373 months > guideline minimum of 3 months.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  5:37:26 PM 2 B XX/XX/XXXX MD Investment Refinance - Cash-out - Other   C B C B C A A A N/A N/A No
XXX 22NQM2 - 31 XXXX   25425310 XXXX XX/XX/XXXX  12:14:11 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of $XXXX is less than Guideline minimum loan amount of $75,000.00. Minimum loan amount per guidelines is 75,000. Loan amount is $XXXX. Lender Exception has been approved for min loan amount of $XXXX. Borrower has job stability for 29 years asXXXX.

Perfect mortgage history on credit report with no late payments and low balance to limit ratios.

388.XX months reserves > 3 months guideline minimum - borrowers have verified reserves of $XXXX.

XX% DTI on this full documentation loan < 50.00% guideline max - XX% below program guideline maximum
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:53:31 PM 2 B XX/XX/XXXX MD Investment Refinance - Cash-out - Other   C B C B C B A A N/A N/A No
XXX 22NQM2 - 31 XXXX   25425312 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance State Compliance Misc. State Level Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed) Maryland Mortgage Lending Regulations:  Net Tangible Benefit Worksheet not signed by borrower. There is no evidence of signature on Net Tangible Benefit Worksheet.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:29:52 AM 2 B XX/XX/XXXX MD Investment Refinance - Cash-out - Other   C B C B C B A A N/A N/A No
XXX 22NQM2 - 31 XXXX   25425314 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) Original appraisal completed onXX/XX/XXXXnd delivered onXX/XX/XXXX Appraisal updated on 4/27/18.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:29:55 AM 2 B XX/XX/XXXX MD Investment Refinance - Cash-out - Other   C B C B C B A A N/A N/A No
XXX 22NQM2 - 86 XXXX   25425318 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.54190% or Final Disclosure APR of 7.61800% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as 7.61XX%; calculated is 7.5419%; threshold is 6.XX%.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:31:54 PM 1 A XX/XX/XXXX TX Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 57 XXXX   25425331 XXXX XX/XX/XXXX  12:14:11 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.19340% or Final Disclosure APR of 7.22900% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:19:58 AM 1 A XX/XX/XXXX TX Primary Purchase   C A C A C A A A Non QM Non QM No
XXX 22NQM2 - 6 XXXX   25425352 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.92100% or Final Disclosure APR of 6.97200% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Mortgage Loan. Note Rate is 6.500%.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  4:10:33 PM 1 A XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 6 XXXX   25425353 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) No evidence of timely delivery was provided. Updated report was not provided.       Buyer Comment (2018-10-29): XXXX has elected to waive


Reviewer Comment (2018-10-29): Borrower received appraisal onXX/XX/XXXX however appraisal report dateXX/XX/XXXX. Exception remains
    XX/XX/XXXX  11:34:33 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 6 XXXX   25425354 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. No evidence of timely delivery was provided.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  12:13:30 PM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other No obvious cure C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 6 XXXX   25425355 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 6.92100% is in excess of allowable threshold of Prime Mortgage Market Rate 3.46000% + 1.75%, or 5.21000%.  Compliant SubPrime Loan.         Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  12:13:43 PM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425356 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.709XX% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan. Federal Higher-Priced Mortgage Loan: APR on subject loan of 4.63770% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%. Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:03:39 PM 1 A XX/XX/XXXX MD Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 76 XXXX   25425357 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. Maryland Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.       Buyer Comment (2018-10-29): please waive
    XX/XX/XXXX  11:53:09 AM 2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other Lender attestation indicating that (1) the borrower did not qualify for any non-higher-priced loans or (2) the lender does not offer non-higher-priced loans. C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 76 XXXX   25425358 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance State Compliance State HPML Maryland HPML Threshold Test Non-Compliant Maryland Higher-Priced Mortgage Loan: APR on subject loan of 6.709XX% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Non-Compliant Higher Priced Loan. Maryland Higher-Priced Mortgage Loan: APR on subject loan of 4.63770% or Final Disclosure APR of 6.75200% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%. Non-Compliant Higher Priced Loan       Buyer Comment (2018-10-29): please waive


Reviewer Comment (2018-10-29): Escalated


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue - loan is compliant please clear


Reviewer Comment (2018-10-29): The Seller provided a PCCD datedXX/XX/XXXX that did not correct the exception. Exception is not eligible to be cured


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL - all other exceptions have been cleared, loan is compliant please clear
    XX/XX/XXXX  11:34:48 AM 2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 76 XXXX   25425364 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $2,858.02 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Disclosure reflect estimated monthly escrow payment as $259.82 (calculated $3,117.84/year); costs over year 1 reflects $2,858.02 (calculated $238.17/month).       Reviewer Comment (2018-10-29): The seller provided  PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
  XX/XX/XXXX  6:42:40 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425365 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/510017) Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).       Reviewer Comment (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue
  XX/XX/XXXX  6:43:06 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425366 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/510018) Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).       Reviewer Comment (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue


Reviewer Comment (2018-10-29): The Seller provided a PCCD datedXX/XX/XXXX that did not correct the exception.


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL
  XX/XX/XXXX  6:43:18 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425367 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/510019) Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).       Reviewer Comment (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue


Reviewer Comment (2018-10-29): The Seller provided a PCCD datedXX/XX/XXXX that did not correct the exception.


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL
  XX/XX/XXXX  6:43:29 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425368 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/510020) Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).       Reviewer Comment (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue


Reviewer Comment (2018-10-29): The Seller provided a PCCD datedXX/XX/XXXX that did not correct the exception.
  XX/XX/XXXX  6:43:43 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425369 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/510017) Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).       Reviewer Comment (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month


Buyer Comment (2018-10-29): Can you please be more specific - PCCD section G line 1 reflects HOI as 68.83 per month ; what exactly are you looking for to correct issue


Reviewer Comment (2018-10-29): The Seller provided a PCCD datedXX/XX/XXXX that did not correct the exception.


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL
  XX/XX/XXXX  6:43:55 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425370 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Disclosure reflects annual insurance premium as $826 (calculated $68.83/month); escrow section reflects $68.33/month (calculated $819.96/year).       Reviewer Comment (2018-10-29): The seller provided PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month


Buyer Comment (2018-10-29): Please see PCCD, LOX, UPS LABEL, PCCD section G line 1 reflects HOI as 68.83 per month ;  if this does not clear the exception, can you please be more specific of what exactly are you looking for to correct issue


Reviewer Comment (2018-10-29): The Seller provided a PCCD datedXX/XX/XXXX that did not correct the exception.


Buyer Comment (2018-10-29): Disregard submission - this was for Title Policy Coverage - thank you


Buyer Comment (2018-10-29): Please see REVISED COMMITMENT
  XX/XX/XXXX  6:44:05 PM   2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 76 XXXX   25425371 XXXX XX/XX/XXXX  2:25:34 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: HURRICANE ISABEL
Disaster Declaration Date: XX/XX/XXXX
Maryland Severe Storm and Flooding (DR-4376) Incident PeriodXX/XX/XXXXXX/XX/XXXX declared disaster onXX/XX/XXXX CDAIR datedXX/XX/XXXX with no damage provided after the date of the disaster declaredXX/XX/XXXX.     Reviewer Comment (2018-10-29): XXXX has elected to waive this exception with compensating factor.
    XX/XX/XXXX  1:27:26 PM 2 B XX/XX/XXXX MD Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 82 XXXX   25425372 XXXX XX/XX/XXXX  2:25:34 PM Credit Guideline Guideline Issue Guideline Loan product type is ineligible per guidelines.   Lender approved exception to policy: Borrower has a mortgage that was modified in March 2015. The current balance being paid is based on deferred balance adjustments. Modification agreement shows deferred principal of $XXXX which is eligible for forgiveness vs. program requirement that no portion of the principal due on a mortgage loan encumbering the Subject Property is being forgiven in connection with the refinance. Guideline variance approved by lender at time of origination.
No public records

Guideline variance approved by lender at time of origination.
Borrower is self-employed asXXXX for the past 7.3 years and in the profession for 10 years.

Guideline variance approved by lender at time of origination.
DTI is XX%, 19.492% < program maximum of 50%

Guideline variance approved by lender at time of origination.
Reserves are 34.37 months ($XXXX) 32 months > program requirement of 3 months

Guideline variance approved by lender at time of origination.
Credit score is 692, 12 points > program requirement of 680

Guideline variance approved by lender at time of origination.
LTV is 64.817%, 15.183% < program maximum of 80% LTV
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:12:50 AM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Home Improvement   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 82 XXXX   25425374 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.56300% or Final Disclosure APR of 7.62900% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan. Note Rate is 7.175%       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:09:26 AM 1 A XX/XX/XXXX FL Primary Refinance - Cash-out - Home Improvement   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 82 XXXX   25425375 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure was not provided.       Buyer Comment (2018-10-29): waive
    XX/XX/XXXX  4:20:06 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Home Improvement   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 82 XXXX   25425376 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) The final CD disclosed a closing date ofXX/XX/XXXXdocuments were signed on 8/3/18.       Buyer Comment (2018-10-29): Waive
    XX/XX/XXXX  4:15:44 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
XXX 22NQM2 - 82 XXXX   25425377 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $695.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7548) Lender provided a total of $695.00 cure and is reflected on Final Closing Consumer CD as a Lender Credit for increase in Closing Cost above legal limit.           XX/XX/XXXX  4:02:17 PM   1 A XX/XX/XXXX FL Primary Refinance - Cash-out - Home Improvement Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
XXX 22NQM2 - 61 XXXX   25425378 XXXX XX/XX/XXXX  2:25:34 PM Credit Guideline Guideline Issue Guideline The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Lender provided guideline exception for length of time self-employed. Borrower is Self-employed 20 months vs. program requirement of 24 months. DTI is XX%, 2.28965% < program maximum of 50%

Reserves are 8.78 months, 2.78 months > program requirement of 6 months

Credit score is 777, 77 points > program requirement of 700

Guideline variance approved by lender at time of origination. Borrower in same line of work over 4 years, worked for family owned Wireless Stores
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  5:04:10 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 61 XXXX   25425382 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. List of Homeownership Counseling Organization Disclosure was not provided.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  9:31:55 AM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 61 XXXX   25425385 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. No evidence of timely delivery was provided. Initial Loan Estimate was not provided.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  9:38:27 AM 2 B XX/XX/XXXX NY Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 61 XXXX   25425390 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller paid fees on Seller’s Closing Disclosure are not consistent with those reflected on the Borrower’s Final Closing Disclosure. Seller's CD reflects $55,887.13 in seller fees paid at closing. Borrower's final CD reflects $0.00 seller paid fees at closing.
Provide a Post-Close CD reflecting the corrections and a copy of the letter of explanation to the borrower disclosing the changes made.
      Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  9:37:37 AM 1 A XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 88 XXXX   25425399 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.78250% or Final Disclosure APR of 6.82700% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  10:56:28 AM 1 A XX/XX/XXXX NY Primary Refinance - Cash-out - Debt Consolidation   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 88 XXXX   25425400 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of 6.78250% or Final Disclosure APR of 6.82700% is in excess of allowable threshold of Prime Mortgage Market Rate 4.53000 + 1.75%, or 6.28000%.  Compliant SubPrime Loan.         Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  9:52:39 PM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Debt Consolidation While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 85 XXXX   25425403 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.69760% or Final Disclosure APR of 7.76500% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as 7.765%; calculated is 7.6976%; threshold is 6.06%.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  11:07:15 AM 1 A XX/XX/XXXX TX Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 85 XXXX   25425405 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $2,917.97 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Calculated annual taxes per Tax Cert is $3,406.97 ($283.91/month); disclosure reflects payments of $215.85 a month being collected ($2,590.20/year).       Reviewer Comment (2018-10-29): Letter of Explanation & Corrected Closing Disclosure provided.


Reviewer Comment (2018-10-29): Post Closing CD dated XX/XX/XXXX has Escrowed Property Costs over Year 1 of $5,710.08.  However the amount of escrow per month is $333.33.


Buyer Comment (2018-10-29): Corrected PCCD,LOX and label


Buyer Comment (2018-10-29): Corrected PCCD


Reviewer Comment (2018-10-29): Total tax per tax cert 283.91 a month (county/property taxes 1696.83 annually or 141.40 a month School taxes 1710.14 annually or 142.51) PCCD reflects Property taxes 283.91 and School taxes 142.51. Exception remains


Buyer Comment (2018-10-29): PCCD,LOX and Label
  XX/XX/XXXX  2:44:30 PM   2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 85 XXXX   25425406 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $2,266.50.  Seller paid fees not listed on the borrowers Final CD, Escrow fee of $475, Guaranty fee of $4.50, Attorney fee of $100, Seller Realtor Commission of $1,400 and Owner's Title of $287.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
    XX/XX/XXXX  3:51:19 PM 1 A XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 85 XXXX   25425407 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/515277) Calculated annual taxes per Tax Cert is $3,406.97 ($283.91/month); disclosure reflects payments of $215.85 a month being collected ($2,590.20/year).       Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD, shipping label - out for delivery XX/XX/XXXX.


Reviewer Comment (2018-10-29): USPS website still showing shipping label created and ready for pickup.  need confirmation that the package has actually shipped our in route.


Buyer Comment (2018-10-29): Confirmation is on UPS site Please cure


Reviewer Comment (2018-10-29): Letter of Explanation, Shipping Label, and Corrected CD provided.  Shipping Label per USPS website status is Shipping Label Processed Ready for Pickup.  Once confirmation is received that the package has been sent / in route to the borrower will be able to cure the exception.  Alternatively AMC will accept confirmation that the package was sent electronically to the borrower.


Reviewer Comment (2018-10-29): RE-OPENED on XX/XX/XXXX:  AMC received Post Close CD dated XX/XX/XXXX.  The estimated escrow amount was changed to $382.75.  The previous Post Closing CD dated XX/XX/XXXX had the correct amount of $333.33 ($283.91 taxes and $49.42 insurance).  Please provided Corrected CD, Proof of Delivery and Letter of Explanation to cure.


Reviewer Comment (2018-10-29): Letter of Explanation, Proof of Delivery, Corrected CD provided.


Reviewer Comment (2018-10-29): Total tax per tax cert 283.91 a month (county/property taxes 1696.83 annually or 141.40 a month School taxes 1710.14 annually or 142.51) PCCD reflects Property taxes 283.91 and School taxes 142.51. Exception remains


Buyer Comment (2018-10-29): PCCD,LOX and Label
  XX/XX/XXXX  10:05:09 AM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 85 XXXX   25425408 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/515277) Calculated annual taxes per Tax Cert is $3,406.97 ($283.91/month); disclosure reflects payments of $215.85 a month being collected ($2,590.20/year).       Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD, shipping label - out for delivery XX/XX/XXXX.


Buyer Comment (2018-10-29): Tracking


Reviewer Comment (2018-10-29): USPS website still showing shipping label created and ready for pickup.  need confirmation that the package has actually shipped our in route.


Reviewer Comment (2018-10-29): Letter of Explanation, Shipping Label, and Corrected CD provided.  Shipping Label per USPS website status is Shipping Label Processed Ready for Pickup.  Once confirmation is received that the package has been sent / in route to the borrower will be able to cure the exception.  Alternatively AMC will accept confirmation that the package was sent electronically to the borrower.


Reviewer Comment (2018-10-29): RE-OPENED on XX/XX/XXXX:  AMC received Post Close CD dated XX/XX/XXXX.  The estimated escrow amount was changed to $382.75.  The previous Post Closing CD dated XX/XX/XXXX had the correct amount of $333.33 ($283.91 taxes and $49.42 insurance).  Please provided Corrected CD, Proof of Delivery and Letter of Explanation to cure.


Reviewer Comment (2018-10-29): Letter of Explanation, Proof of Delivery, Corrected CD provided.


Reviewer Comment (2018-10-29): Total tax per tax cert 283.91 a month (county/property taxes 1696.83 annually or 141.40 a month School taxes 1710.14 annually or 142.51) PCCD reflects Property taxes 283.91 and School taxes 142.51. Exception remains


Buyer Comment (2018-10-29): PCCD,LOX and Label
  XX/XX/XXXX  10:04:55 AM   2 B XX/XX/XXXX TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 83 XXXX   25425413 XXXX XX/XX/XXXX  2:25:34 PM Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003   Initial 1003's signed by borrower and non-occupant co borrower not provided in file.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  10:24:15 AM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 83 XXXX   25425415 XXXX XX/XX/XXXX  2:25:34 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. DTI is XX% vs program maximum of 50%. Lender approved exception in file. Borrower has 2 closed mortgages reporting paid as agreed.

Long established condo project, project first marketed in 2007. All units are current on association dues, including the sponsor/developer. No pending litigation, and no commercial space in the project.

Borrower is a Psychologist for over 20 years, employed with XXXX in addition to owning his own practice since 2011.

Reserves are 5.43 months, 2.43 months > program requirement of 3 months.

Credit score is 691, 11 points > program requirement of 680.

LTV is 75%, 5% < program maximum of 80%.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:14:53 AM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 83 XXXX   25425416 XXXX XX/XX/XXXX  2:25:34 PM Credit Guideline Guideline Issue Guideline Ineligible property type. Condo (Mid Rise) The sponsor/developer owns and rents XX out of the 96 units in the project (36.46%); XX of the 96 total units have conveyed (63.545).  Lender approved exception in file. Borrower has 2 closed mortgages reporting paid as agreed.

Long established condo project, project first marketed in 2007. All units are current on association dues, including the sponsor/developer. No pending litigation, and no commercial space in the project.

Borrower is a Psychologist for over 20 years, employed with XXXX in addition to owning his own practice since 2011.

Reserves are 5.43 months, 2.43 months > program requirement of 3 months.

Credit score is 691, 11 points > program requirement of 680.

LTV is 75%, 5% < program maximum of 80%.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:15:02 AM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 83 XXXX   25425417 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.47410% or Final Disclosure APR of 6.47800% is in excess of allowable threshold of APOR 4.60% + 1.5%, or 6.10000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as 6.47XX%; calculated is 6.4741%; threshold is 6.1%.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:09:13 AM 1 A XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 83 XXXX   25425420 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 6.581XX% is in excess of allowable threshold of Prime Mortgage Market Rate 3.87000% + 1.75%, or 5.62000%.  Compliant SubPrime Loan.         Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  10:24:02 AM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 83 XXXX   25425421 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) Seller paid fees on the buyers Closing Disclosure is $15,421.25; seller paid fees on the sellers Closing Disclosure is $44,996.25.  Seller paid fees not listed on the borrowers Final CD, Buyer Realtor Commission of $12,675 and Seller Realtor Commission of $16,900.       Buyer Comment (2018-10-29): XXXX has elected to waive
    XX/XX/XXXX  10:24:30 AM 1 A XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 83 XXXX   25425424 XXXX XX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Common areas/amenities are owned by the sponsor/developer and leased to the homeowner association vs program requirement the the Subject Project may not include any units in condominium projects in which the sponsor/developer owns and leases back to the homeowner association common areas or amenities. Lender approved Borrower has 2 closed mortgages reporting paid as agreed.

Long established condo project, project first marketed in 2007. All units are current on association dues, including the sponsor/developer. No pending litigation, and no commercial space in the project.

Borrower is a Psychologist for over 20 years, employed with XXXX in addition to owning his own practice since 2011.

Reserves are 5.43 months, 2.43 months > program requirement of 3 months.

Credit score is 691, 11 points > program requirement of 680.

LTV is 75%, 5% < program maximum of 80%.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:15:12 AM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 54 XXXX   25425426 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)         Buyer Comment (2018-10-29): XXXX has elected to waive this EV2 exception.


Reviewer Comment (2018-10-29): Seller provided the appraisal onXX/XX/XXXX < appraisal report dateXX/XX/XXXX. Exception remains.


Buyer Comment (2018-10-29): Appraisal receipt
    XX/XX/XXXX  8:40:12 AM 2 B XX/XX/XXXX FL Investment Refinance - Cash-out - Other   B B A A B B A A N/A N/A No
XXX 22NQM2 - 87 XXXX   25425428 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.30210% or Final Disclosure APR of 7.32500% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan. Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.30210% or Final Disclosure APR of 7.32500% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%. Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2018-10-29): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  9:39:27 AM 1 A XX/XX/XXXX WI Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 87 XXXX   25425429 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2018-10-29): waive
    XX/XX/XXXX  2:22:29 PM 2 B XX/XX/XXXX WI Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 87 XXXX   25425430 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $28,083.50 , while closing CD seller's fees total $0.00       Buyer Comment (2018-10-29): waive
    XX/XX/XXXX  2:23:00 PM 1 A XX/XX/XXXX WI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 87 XXXX   25425432 XXXX XX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Borrower is self-employed for XX months vs program requirement of a minimum of 24 months self-employment. Lender approved. Credit Score 681, 21 points > program requirement of 660

23.43 months reserves > 3 months guideline minimum

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum
    Reviewer Comment (2018-10-29): XXXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  10:00:01 AM 2 B XX/XX/XXXX WI Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 90 XXXX   25425436 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence of the borrower's receipt of the LO Compensation Disclosure.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
    XX/XX/XXXX  10:17:27 AM 2 B XX/XX/XXXX FL Second Home Purchase   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 90 XXXX   25425437 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains a Demand Feature. (FinXX/XX/XXXX) The Demand Feature is blank.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
    XX/XX/XXXX  10:17:47 AM 2 B XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 90 XXXX   25425438 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure XX/XX/XXXX on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX) Please provide Seller Closing Disclosure. Seller Closing Disclosure in file is blank.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
    XX/XX/XXXX  10:17:54 AM 1 A XX/XX/XXXX FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 90 XXXX   25425439 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) An earlier version of the appraisal was provided that corresponds to the date the valuation was provided to the borrower.       Reviewer Comment (2018-10-29): XXXX has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
    XX/XX/XXXX  10:18:01 AM 2 B XX/XX/XXXX FL Second Home Purchase   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 30 XXXX   25425442 XXXX XX/XX/XXXX  2:25:34 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of $XXXX is less than Guideline minimum loan amount of $75,000.00. A Lender Acknowledged Exception was granted due to loan amount is below the program minimum required of $75,000. Guideline variance approved by lender at time of origination.  Perfect mortgage history on credit report with no late payments.

Borrower has been Assistant Director of UXXXX for the past 27.55 years and in same line of work for 32 years.

120 months in reserves is greater than the program required 3 months.

DTI of XX%,13.29691< program maximum allowable of 50%.
    Reviewer Comment (2018-10-29): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:02:06 AM 2 B XX/XX/XXXX MD Investment Refinance - Cash-out - Other   C B C B C B A A N/A N/A No
XXX 22NQM2 - 30 XXXX   25425444 XXXX XX/XX/XXXX  2:25:34 PM Compliance Compliance State Compliance Misc. State Level Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed) Maryland Mortgage Lending Regulations:  Net Tangible Benefit Worksheet not signed by borrower. The signature of the Borrower did not appear on the Net Tangible Benefit Worksheets provided in file.       Buyer Comment (2018-10-29): Waived, Level 2
    XX/XX/XXXX  11:34:07 AM 2 B XX/XX/XXXX MD Investment Refinance - Cash-out - Other   C B C B C B A A N/A N/A No
XXX 22NQM2 - 30 XXXX   25425448 XXXX XX/XX/XXXX  2:25:34 PM Credit Income / Employment Income Documentation Income / Employment The verbal verification of employment was obtained more than 10 days prior to the note date.   Verbal VOE datedXX/XX/XXXXnote dated XX/XX/XXXX. A posy close verbal VOE was obtained to further demonstrate ongoing employment

Guideline variance approved by lender at time of origination.  Perfect mortgage history on credit report with no late payments.

Borrower has been Assistant Director of UXXXX for the past 27.55 years and in same line of work for 32 years.

120 months in reserves is greater than the program required 3 months.

DTI of XX%,13.29691< program maximum allowable of 50%.
  Originator Reviewer Comment (2018-10-29): XXXX has elected to waive this exception bases on compensating factors.


Buyer Comment (2018-10-29): Uploaded for your review-Exception approval
    XX/XX/XXXX  7:46:35 PM 2 B XX/XX/XXXX MD Investment Refinance - Cash-out - Other   C B C B C B A A N/A N/A No
XXX 22NQM2 - 116 XXXX   25425459 XXXX XX/XX/XXXX  12:03:45 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.98550% or Final Disclosure APR of 8.02800% is in excess of allowable threshold of APOR 3.9XX% + 1.5%, or 5.48000%.  Compliant Higher Priced Mortgage Loan. Verified fees were input correctly.       Reviewer Comment (2018-10-30): Compliant Higher Priced Mortgage Loan.
    XX/XX/XXXX  10:40:10 AM 1 A XX/XX/XXXX MO Primary Refinance - Rate/Term   D B C B C B A A Higher Priced QM Non QM No
XXX 22NQM2 - 116 XXXX   25425461 XXXX XX/XX/XXXX  12:03:45 PM Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,110.50 exceeds tolerance of $930.00 plus 10% or $1,023.00.  Sufficient or excess cure was provided to the borrower at Closing. (0) Final closing disclosure reflects sufficient cure.           XX/XX/XXXX  12:02:45 PM   1 A XX/XX/XXXX MO Primary Refinance - Rate/Term Final CD evidences Cure D B C B C B A A Higher Priced QM Non QM Yes
XXX 22NQM2 - 116 XXXX   25425462 XXXX XX/XX/XXXX  12:03:45 PM Credit Credit Miscellaneous Guideline Credit Exception:   Gross IncomeXX/XX/XXXX to XX/XX/XXXX (23 months) = $XXXX / 23 = $XXXX calculates to be 22.7% variance.  Max allowed is 10%. PITIA reserves above minimum by 6 months or greater:  XX vs 3

FICO score above minimum by 20 points or greater. 682 vs 620

Time on Job of 5 years or greater:  13.74

DTI below max by 5% or greater:  XX% vs 43%
    Reviewer Comment (2018-10-30): Client elected to waive the exception with verified compensating factors.


Buyer Comment (2018-10-30): (XXXX)Updated worksheet - AES gross earnings is $152,105 and gross deposits totaling $154,718.37 is 12.36% difference.  SG elects to waive with compensating factors:
DTI below max by 5% or greater:  XX% vs 43%
Time on Job of 5 years or greater:  13.74
FICO score above minimum by 20 points or greater. 682 vs 620
PITIA reserves above minimum by 6 months or greater:  XX vs 3


Reviewer Comment (2018-10-30): Worksheet was provided, however it supports greater than 10% difference.
    XX/XX/XXXX  9:28:31 AM 2 B XX/XX/XXXX MO Primary Refinance - Rate/Term   D B C B C B A A Higher Priced QM Non QM No
XXX 22NQM2 - 116 XXXX   25425463 XXXX XX/XX/XXXX  12:03:45 PM Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Guidelines require no less than 24 month P&L statement on 24 month bank statement program.  P&Ls in file reflect 2016 andXX/XX/XXXX to XX/XX/XXXX for a total of 23 months. PITIA reserves above minimum by 6 months or greater:  XX vs 3

FICO score above minimum by 20 points or greater. 682 vs 620

Time on Job of 5 years or greater:  13.74

DTI below max by 5% or greater:  XX% vs 43%
    Reviewer Comment (2018-10-30): Client elected to waive the exception with verified compensating factors.


Buyer Comment (2018-10-30): (XXXX)Per UW - typo on P&L and should reflect end of Dec.  SG elects to waive with compensating factors:
DTI below max by 5% or greater:  XX% vs 43%
Time on Job of 5 years or greater:  13.74
FICO score above minimum by 20 points or greater. 682 vs 620
PITIA reserves above minimum by 6 months or greater:  XX vs 3
    XX/XX/XXXX  9:28:45 AM 2 B XX/XX/XXXX MO Primary Refinance - Rate/Term   D B C B C B A A Higher Priced QM Non QM No
XXX 22NQM2 - 116 XXXX   25425464 XXXX XX/XX/XXXX  12:03:45 PM Compliance Compliance Federal Compliance ATR/QM Defect Check Restated Loan Designation Match - General Ability to Repay Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. Submission as Non-QM was provided.  Based on adjusted lender's QM designation, the loan meets requirements.       Reviewer Comment (2018-10-30): Submission as Non-QM was provided. Based on adjusted lender's QM designation, the loan meets requirements.
  XX/XX/XXXX  9:29:12 AM   2 B XX/XX/XXXX MO Primary Refinance - Rate/Term   D B C B C B A A Higher Priced QM Non QM No
XXX 22NQM2 - 120 XXXX   25425482 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing evidence of the borrower's receipt of the Anti-Steering Disclosure.       Reviewer Comment (2019-05-31): The buyer has elected to waive this exception.


Buyer Comment (2019-05-31): Please waive
    XX/XX/XXXX  12:41:40 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 120 XXXX   25425483 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.89120% or Final Disclosure APR of 7.92500% is in excess of allowable threshold of APOR 4.8XX% + 1.5%, or 6.38000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  12:11:45 PM 1 A XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 120 XXXX   25425484 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence of the borrower's receipt of the LO Compensation disclosure.       Reviewer Comment (2019-05-31): The buyer has elected to waive this exception.


Buyer Comment (2019-05-31): Please waive
    XX/XX/XXXX  12:41:48 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 120 XXXX   25425485 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) Disclosure reflects Finance Charge of ($XXXX) but calculated Finance Charge is ($XXXX). Under disclosed by $250.00.       Reviewer Comment (2019-05-31): AMC received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and evidence package has been shipped.


Buyer Comment (2019-05-31): UPS Tracking


Reviewer Comment (2019-05-31): AMC received PCCD, LOE, Copy of Refund Check and copy of UPS tracking # 1Z 613 R17 02 9383 6365.  Shipping label has been created, but not yet shipped.  Please provide evidence of Proof of Delivery to cure.


Buyer Comment (2019-05-31): PCCD,LOX,Label,Check


Buyer Comment (2019-05-31): PCCD,LOX,Label,


Buyer Comment (2019-05-31): PCCD,LOX,


Reviewer Comment (2019-05-31): AMC received Post Close CD, LOE to borrower, Proof of Delivery and Cure check for $245.  The finance charge under disclosed by $250.  Additional cure check for $5, Corrected CD, LOE to borrower and proof of delivery required.


Buyer Comment (2019-05-31): PCCD,LOX,Check,UPS Label


Buyer Comment (2019-05-31): PCCD,LOX,Check,


Buyer Comment (2019-05-31): PCCD,LOX


Buyer Comment (2019-05-31): PCCD,


Reviewer Comment (2019-05-31): Finance charge exception is caused by a fee or a combination of fees that increased the calculated finance charge.  It appears the Lender may not have included the Final Inspection Fee of $125 and second Administration fee of $120 in Section B.  Neither of these fees are listed on the compliance report.  Please have the Lender verify the fees they included in the FC calculation.


Reviewer Comment (2019-05-31): Under disclosed amount is not due to fees however is due to the amount of finance charges on the final CD page 4 of 294,544.07. difference of 250.00. (edited)


Reviewer Comment (2019-05-31): Calculated finance charge matches the compliance report of $XXXX.  Final CD indicates finance charge is $XXXX.


Buyer Comment (2019-05-31): Please provide what Fee is under disclosed
  XX/XX/XXXX  8:12:20 PM   2 B XX/XX/XXXX FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 120 XXXX   25425490 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing Disclosure XX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) The most recent LE dated XX/XX/XXXX does not indicate receipt therefore the mailbox rule is used with a receipt date of XX/XX/XXXX.       Buyer Comment (2019-05-31): XXXX has elected to waive this exception


Buyer Comment (2019-05-31): Please waive
    XX/XX/XXXX  2:52:44 PM 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 129 XXXX   25425472 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.50410% or Final Disclosure APR of 7.55500% is in excess of allowable threshold of APOR 4.84% + 1.5%, or 6.34000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  11:19:55 AM 1 A XX/XX/XXXX NY Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 129 XXXX   25425473 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application. Disclosure provided onXX/XX/XXXXapplication received 11/21/18.       Buyer Comment (2019-05-31): XXXX has elected to waive
    XX/XX/XXXX  1:44:46 PM 2 B XX/XX/XXXX NY Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 129 XXXX   25425474 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure provided on XX/XX/XXXXapplication received 11/21/18.       Buyer Comment (2019-05-31): XXXX has elected to waive
    XX/XX/XXXX  1:45:57 PM 2 B XX/XX/XXXX NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 129 XXXX   25425475 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 7.50410% is in excess of allowable threshold of Prime Mortgage Market Rate 3.90000% + 1.75%, or 5.65000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): XXXX has elected to waive
    XX/XX/XXXX  1:46:08 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 129 XXXX   25425476 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains a Demand Feature. (FinXX/XX/XXXX) The final CD did not have a box checked in the Demand Feature section of the Loan  Disclosures.       Buyer Comment (2019-05-31): XXXX has elected to waive
    XX/XX/XXXX  1:46:19 PM 2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 129 XXXX   25425477 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) No tolerance cure provided on the CD.       Buyer Comment (2019-05-31): XXXX has elected to waive
    XX/XX/XXXX  1:46:29 PM 2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425494 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing documentation.       Buyer Comment (2019-05-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:31:51 PM 2 B XX/XX/XXXX NY Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425496 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.10320% or Final Disclosure APR of 7.13500% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:27:47 PM 1 A XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 128 XXXX   25425498 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender approved exception for XX% to allow DTI over program maximum of 43% however reviewer calculation at XX% please provide a revised lender exception for updated DTI. Excellent payment history no late payments on credit report since inception with earliest open date of 7/2008. No public rerecords.

Borrower has been self employed as owner of XXXXfor the past 7.08 years and 30 years in the same profession.

6.36 months reserves > 3 months guideline minimum

Credit score 737, 27 points > program requirement of 720.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): Allow for DTI up to 45.5% vs program max of 43%


Buyer Comment (2019-05-31): Updated XXXX Credit Exception provided. Please re-grade / clear.
    XX/XX/XXXX  3:33:22 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 128 XXXX   25425499 XXXX XX/XX/XXXX  3:32:17 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender approved exception for XX% to allow DTI over program maximum of 43% however reviewer calculation at XX% please provide a revised lender exception for updated DTI. Excellent payment history no late payments on credit report since inception with earliest open date of 7/2008. No public rerecords.

Borrower has been self employed as owner of XXXXfor the past 7.08 years and 30 years in the same profession.

6.36 months reserves > 3 months guideline minimum

Credit score 737, 27 points > program requirement of 720.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): Allow for DTI up to 45.5% vs program max of 43%


Buyer Comment (2019-05-31): See Revised / Approved XXXX Exception uploaded
    XX/XX/XXXX  6:43:30 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 128 XXXX   25425500 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 7.10320% is in excess of allowable threshold of Prime Mortgage Market Rate 3.90000% + 1.75%, or 5.65000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:06:20 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425502 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. AMC received XX/XX/XXXX LE. Please provide all prior LEs to determine if exception can be cleared.       Buyer Comment (2019-05-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:59:29 AM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425505 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) AMC received 01/04 LE and CDs. Please provide SSPL to determine if exception can be cleared.       Buyer Comment (2019-05-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:59:13 AM 2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425510 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Survey Fee.  Fee Amount of $110.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (77187) .       Buyer Comment (2019-05-31): XXXX has elected to waive this exception.


Reviewer Comment (2019-05-31): AMC received PCCD, Copy of Refund check in the amount of $393.00, letter of explanation and shipping label with Fedex tracking #774436613797.  However, package has not yet shipped.  Provide proof of delivery to cure.
    XX/XX/XXXX  5:06:29 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425511 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Policy Guarantee Fee.  Fee Amount of $50.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (77223) .       Buyer Comment (2019-05-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:06:37 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425512 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Services Sales Tax.  Fee Amount of $54.94 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (77239) .       Buyer Comment (2019-05-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:06:45 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 128 XXXX   25425513 XXXX XX/XX/XXXX  3:32:17 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Abstract / Title Search.  Fee Amount of $75.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (7754) .       Buyer Comment (2019-05-31): XXXX has elected to waive this exception.


Reviewer Comment (2019-05-31): AMC received PCCD, Copy of Refund check in the amount of $393.00, letter of explanation and shipping label with Fedex tracking XXXX.  However, package has not yet shipped.  Provide proof of delivery to cure.
    XX/XX/XXXX  5:06:59 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 122 XXXX   25425468 XXXX XX/XX/XXXX  3:35:03 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.01810% or Final Disclosure APR of 7.05500% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-03-01): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  11:18:58 AM 1 A XX/XX/XXXX CA Primary Purchase   C A C A A A A A Non QM Non QM No
XXX 22NQM2 - 122 XXXX   25425469 XXXX XX/XX/XXXX  3:35:03 PM Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.01810% or Final Disclosure APR of 7.05500% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Loan.         Reviewer Comment (2019-03-01): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  11:19:03 AM 1 A XX/XX/XXXX CA Primary Purchase Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.
C A C A A A A A Non QM Non QM Yes
XXX 22NQM2 - 130 XXXX   25425514 XXXX XX/XX/XXXX  3:32:55 PM Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of XX% exceeds Guideline loan to value percentage of 50.00000%. The subject LTV of XX% exceeds the program maximum allowable of 50%, however, a Lender Exception was granted to proceed at the higher LTV. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): Client elects to waive with comp factors.

An exception was also made by Client to use this income method as it is not the required Fannie Mae rental income calculation that was required on FNMA Form 1038. Utilizing the MGIC calculation does not hit the borrower up for the principal payment portion of over 50+ mortgages. Using the required FNMA method, the DTI ratio is XX%. Using the MGIC method as exceptioned by the lender, the DTI ratio reduces to 43.521%.


Buyer Comment (2019-05-31): Approved credit exception uploaded.
    XX/XX/XXXX  5:46:10 PM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 130 XXXX   25425515 XXXX XX/XX/XXXX  3:32:55 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of $XXXX is greater than Guideline maximum loan amount of $5,000,000.00. The subject loan amount exceeds the program maximum allowable of $5,000,000.00, however, a Lender Exception was granted to allow the loan to proceed. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:10:31 AM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 130 XXXX   25425517 XXXX XX/XX/XXXX  3:32:55 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. The total debt ratio exceeds the program maximum allowable of 50% as well as it exceeds the debt to income ratio calculated at time of origination. The calculation of base income was significantly lower than the qualifying income figure at time of origination. Also, at time of origination there was a positive rental income cash-flow that the documents in file do not support. Instead, a negative rental figure has been calculated into the ratios. It also does not appear that the monthly mortgage payment of $XXXX, belonging to the Borrower's primary residence, was not calculated into the ratios. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): Client elects to waive with comp factors.

An exception was also made by Client to use this income method as it is not the required Fannie Mae rental income calculation that was required on FNMA Form 1038. Utilizing the MGIC calculation does not hit the borrower up for the principal payment portion of over 50+ mortgages. Using the required FNMA method, the DTI ratio is XX%. Using the MGIC method as exceptioned by the lender, the DTI ratio reduces to 43.521%.


Buyer Comment (2019-05-31): This is based on the Traditional Method of Calculation, as per the exception.


Reviewer Comment (2019-05-31): Sched E worksheet provided does not account for any current mtg payments (if any), taxes, ins and/or HOA fees. Provide updated worksheet with current PITI accounted for in calculation.


Buyer Comment (2019-05-31): Exception and Rental Income Worksheet uploaded for review.
    XX/XX/XXXX  5:47:26 PM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 130 XXXX   25425519 XXXX XX/XX/XXXX  3:32:55 PM Credit Insurance Insurance Documentation Insurance The Blanket Coverage for a Condo does not meet guidelines.   The Condo project blanket insurance policy is a Builder's Risk Policy versus the Fannie Mae requirement for a master policy that covers all units. A Lender Exception was granted to proceed with the Builder's Risk Policy. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): XXXX has elected to waive this exception based on compensating factors.


Buyer Comment (2019-05-31): The lender's exception was noted, why is this not being accepted and waived?
    XX/XX/XXXX  8:58:18 AM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 130 XXXX   25425521 XXXX XX/XX/XXXX  3:32:55 PM Credit Credit Miscellaneous Guideline Credit Exception:   The appraisal report indicates that 108 of the 157 units are complete versus the program requirement that all units in the complex must be complete. A Lender Exception was granted to proceed. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:10:07 AM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 130 XXXX   25425522 XXXX XX/XX/XXXX  3:32:55 PM Credit Credit Miscellaneous Guideline Credit Exception:   Loan Program requires that the homeowner's association's budget must include an allowance of capital reserves no less than 5% of the total expenditures included in such budget, however, the subject project budget only has XX% in capital reserves. A Lender Exception was granted to allow the loan to proceed. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:09:57 AM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 130 XXXX   25425523 XXXX XX/XX/XXXX  3:32:55 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception granted to allow use of the Mortgage Guaranty Insurance Traditional Method, using rows 1-3 and 7-9 only,  to calculate Schedule E income based off of 1 year tax return versus the 1038 method. - Per FNMA 1038 calculator mortgage interest paid, tax and HOA are to be included in calculation for ATR however these amounts were not per the exception. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): XXXX has elected to waive this exception based on compensating factors.


Buyer Comment (2019-05-31): Lender exception noted, why is this not downgraded and waived?
    XX/XX/XXXX  2:45:57 PM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 130 XXXX   25425524 XXXX XX/XX/XXXX  3:32:55 PM Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of $XXXX is less than Guideline Available for Reserves of $XXXX. Lender approved exception - Reverses are 34.25 months + 110% of the loan amount vs program requirement for 110% of loan amount, plus 12 months reserves, plus 2 months additional PITIA in reserves for each additional mortgaged investment property. Perfect credit with no public records.

Borrower has been an Attorney for the past 37 years.

Multiple open and closed mortgages all paid as agreed since earliest inception 5/1998.

Credit score is 764, 84 points> program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-05-31): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:09:42 AM 2 B XX/XX/XXXX NY Investment Purchase   C B C B A A A A N/A N/A No
XXX 22NQM2 - 127 XXXX   25425527 XXXX XX/XX/XXXX  3:19:50 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of 5.47 is less than Guideline PITIA months reserves of 6.00. Verified reserves after closing of $XXXX are insufficient to cover 6 months of reserves of $XXXX(subject PITI of $XXXX x 6 months) as required by XXXX Bank Statement Guidelines. Borrower on this Bank Statement documentation loan has a disposable income of $XXXX   Originator Reviewer Comment (2019-06-03): Lender approved exception for the reserve shortage with 1 verified compensating factor.
    XX/XX/XXXX  11:24:31 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 127 XXXX   25425528 XXXX XX/XX/XXXX  3:19:50 PM Credit Credit Miscellaneous Credit Missing Document: Credit Letter of Explanation (LOE) not provided   Borrower filed Chapter 13 Bankruptcy that was dismissed on XX/XX/XXXX. File is missing the borrower's letter of explanation as required by XXXX Underwriting Guidelines. Borrower on this Bank Statement documentation loan has a disposable income of $XXXX   Originator Reviewer Comment (2019-06-03): Rec'd exception for missing bankruptcy LOE.


Buyer Comment (2019-06-03): LOE not required when it is that old.
    XX/XX/XXXX  2:52:29 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 127 XXXX   25425529 XXXX XX/XX/XXXX  3:19:50 PM Credit Credit Credit Calculation / Analysis Credit Guideline Issue:  Insufficient tradelines per credit guidelines   Credit Report verifies 1 open mortgage and 1 authorized user credit card tradeline. XXXX Underwriting Guidelines require at least 4 major tradelines and authorized user accounts cannot be used to verify the borrower’s credit history. No other open and active accounts were reported, no alternative credit documentation was provided, and file is missing a lender exception to allow the borrower’s insufficient credit history. Borrower on this Bank Statement documentation loan has a disposable income of $XXXX   Originator Reviewer Comment (2019-06-03): Lender approved exception for insufficient tradelines with 1 verified compensating factor.
    XX/XX/XXXX  11:25:17 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 127 XXXX   25425530 XXXX XX/XX/XXXX  3:19:50 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final Closing Disclosure disclosed the lender will not allow the loan to be Assumed however, the Note contains an Assumption Clause.       Reviewer Comment (2019-06-03): Okay to waive per client.
    XX/XX/XXXX  4:05:44 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
XXX 22NQM2 - 131 XXXX   25425535 XXXX XX/XX/XXXX  12:41:21 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.         Buyer Comment (2019-06-07): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:18:15 PM 2 B XX/XX/XXXX NV Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 131 XXXX   25425536 XXXX XX/XX/XXXX  12:41:21 PM Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.357XX% or Final Disclosure APR of 8.38200% is in excess of allowable threshold of APOR 4.61% + 2.5%, or 7.11000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-07): XXXX mortgage purchases HPML compliant loans.
    XX/XX/XXXX  3:09:09 PM 1 A XX/XX/XXXX NV Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 131 XXXX   25425537 XXXX XX/XX/XXXX  12:41:21 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-07): XXXX has elected to waived this exception.
    XX/XX/XXXX  6:18:28 PM 2 B XX/XX/XXXX NV Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 131 XXXX   25425540 XXXX XX/XX/XXXX  12:41:21 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) LE issued on XX/XX/XXXX received by the borrower on XX/XX/XXXX (confirmed from E-signed LE) which is the same day the Initial CD was issued and received by the borrower.       Buyer Comment (2019-06-07): XXXX has elected to waive this exception
    XX/XX/XXXX  1:04:07 PM 2 B XX/XX/XXXX NV Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 133 XXXX   25425566 XXXX XX/XX/XXXX  4:50:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) AMC received 03/6 and 4/24 LEs. The Loan Origination Fee increased without a valid change of circumstance on the 04/24 LE. Please provide COC if available or corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       Buyer Comment (2019-06-14): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:51:24 PM 2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 133 XXXX   25425569 XXXX XX/XX/XXXX  4:50:39 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 7.92220% is in excess of allowable threshold of Prime Mortgage Market Rate 3.77000% + 1.75%, or 5.52000%.  Compliant SubPrime Loan.         Buyer Comment (2019-06-14): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:08:54 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 137 XXXX   25425571 XXXX XX/XX/XXXX  2:21:20 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. Lender approved exception to allow DTI of XX% vs program maximum of 43%. Borrower has no public records.

Borrower has been self employed for 14 years - Owner of XXXX

Borrower's credit score of 706 > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-06-25): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  12:07:33 PM 2 B XX/XX/XXXX MA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 137 XXXX   25425573 XXXX XX/XX/XXXX  2:21:20 PM Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender approved exception to allow DTI of XX% vs program maximum of 43%. Borrower has no public records.

Borrower has been self employed for 14 years - Owner of XXXX

Borrower's credit score of 706 > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-06-25): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  12:08:06 PM 2 B XX/XX/XXXX MA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 137 XXXX   25425574 XXXX XX/XX/XXXX  2:21:20 PM Compliance Compliance State Compliance State HPML Massachusetts HPML Threshold Test Compliant Massachusetts Higher-Priced Mortgage Loan: APR on subject loan of 7.49690% or Final Disclosure APR of 7.79500% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000% Compliant Higher Priced Loan.         Buyer Comment (2019-06-25): XXXX has elected to waive
    XX/XX/XXXX  4:48:32 PM 2 B XX/XX/XXXX MA Primary Purchase No obvious cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 137 XXXX   25425575 XXXX XX/XX/XXXX  2:21:20 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $525.00 exceeds tolerance of $500.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506) The appraisal fee increased by $25, however, a sufficient cure was disclosed on the final CD.           XX/XX/XXXX  6:56:32 AM   1 A XX/XX/XXXX MA Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 137 XXXX   25425576 XXXX XX/XX/XXXX  2:21:20 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow the use of business funds of $XXXX for earnest money deposit coming directly from the business account vs program requirement that if funds in a business bank or brokerage account have not been transferred to the borrower's personal account, such funds may not be included in down payment and closing funds. Borrower has no public records.

Borrower has been self employed for 14 years - Owner of XXXX

Borrower's credit score of 706 > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-06-25): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  12:09:53 PM 2 B XX/XX/XXXX MA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 136 XXXX   25425577 XXXX XX/XX/XXXX  2:21:15 PM Credit Guideline Guideline Issue Guideline Loans cannot close in Trust.   Allow subject primary home loan to close in an LLC (XXXX) vs. program requirement that only investment properties can be closed in an LLC.  Approved Lender Exception in file. No public records.

Borrowers have both been self-employed for over two years operating XXXX which does business as XXXX

Reserves are 42.12 months, 22.12 months > program requirement of 20 months.

DTI is XX%, 10.5402% < program maximum of 50%.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-06-25): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  4:00:35 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 136 XXXX   25425585 XXXX XX/XX/XXXX  2:21:15 PM Compliance Compliance Federal Compliance Flood Flood Insurance Escrow - Flood not Escrowed for Property in Flood Zone Loan originated post December 2015, the subject property is in a flood zone, flood insurance is not escrowed.         Buyer Comment (2019-06-25): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:35:15 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 136 XXXX   25425586 XXXX XX/XX/XXXX  2:21:15 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Buyer Comment (2019-06-25): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:35:21 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 136 XXXX   25425595 XXXX XX/XX/XXXX  2:21:15 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of $XXXX is greater than Guideline maximum loan amount of $4,000,000.00. Lender acknowledged No public records.

Borrowers have both been self-employed for over two years operating XXXX which does business as XXXX

Reserves are 42.12 months, 22.12 months > program requirement of 20 months.

DTI is XX%, 10.5402% < program maximum of 50%.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-06-25): XXXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  4:00:47 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 136 XXXX   25425597 XXXX XX/XX/XXXX  2:21:15 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Due to missing e-sign consent. Once received, compliance can be re-ran to determine compliance.       Buyer Comment (2019-06-25): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:35:29 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 136 XXXX   25425599 XXXX XX/XX/XXXX  2:21:15 PM Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $25,833.00 exceeds tolerance of $18,138.00 plus 10% or $19,951.80.  Insufficient or no cure was provided to the borrower. (0) Due to missing e-sign consent. Once received, compliance can be re-ran to determine compliance.       Reviewer Comment (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-06-25): See PCCD, LOX, copy of Refund Check and Tracking label provided.


Reviewer Comment (2019-06-25): UPDATED: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $930.50 exceeds tolerance of $550.00 plus 10% or $605.00.  Insufficient or no cure was provided to the borrower.


Reviewer Comment (2019-06-25): No changed circumstance documentation located in the loan file. A PCCD, LOE, and copy of any refund check is required in order to address the exception.


Buyer Comment (2019-06-25): Econsent provided
  XX/XX/XXXX  1:11:40 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 136 XXXX   25425601 XXXX XX/XX/XXXX  2:21:15 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $6,000.00 exceeds tolerance of $XXXX.  Insufficient or no cure was provided to the borrower. (7506) Due to missing e-sign consent. Once received, compliance can be re-ran to determine compliance.       Reviewer Comment (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-06-25): See PCCD, LOX, copy of Refund Check and Tracking label provided.


Reviewer Comment (2019-06-25): No changed circumstance documentation located in the loan file. A PCCD, LOE, and copy of any refund check is required in order to address the exception.


Buyer Comment (2019-06-25): Econsent provided
  XX/XX/XXXX  1:12:00 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 136 XXXX   25425604 XXXX XX/XX/XXXX  2:21:15 PM Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $930.50 exceeds tolerance of $550.00 plus 10% or $605.00.  Sufficient or excess cure was provided to the borrower. (0) Exceptions cured.       Reviewer Comment (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.
  XX/XX/XXXX  1:16:30 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 136 XXXX   25425605 XXXX XX/XX/XXXX  2:21:15 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $6,000.00 exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower. (7506) Exceptions cured.       Reviewer Comment (2019-06-25): AMC received  Letter of Explanation, Copy of Refund Check, and Corrected CD.
  XX/XX/XXXX  1:16:51 PM   2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 125 XXXX   25425610 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. File is missing the Rate Lock Agreement.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  4:02:34 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 125 XXXX   25425613 XXXX XX/XX/XXXX  3:04:39 PM Credit Income / Employment Income Documentation Income / Employment Document Error: Bank statement financial institution not provided.   Per XXXX income worksheet, borrower was qualified with 24 months personal bank statements however, file only contains 16 months and is missing the following bank statements: XXXX. Upon receipt of the missing bank statements, additional conditions may apply. 744 representative FICO score > 680 guideline minimum

59% LTV < 80 guideline max
  Originator

Originator
Reviewer Comment (2019-10-24): Adding comp factors


Buyer Comment (2019-08-09): please waive
    XX/XX/XXXX  6:44:34 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 125 XXXX   25425614 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of 17,179.80 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX)         Reviewer Comment (2019-08-09): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-08-09): pccd


Buyer Comment (2019-08-09): exception and eoi replacement cost estimator
  XX/XX/XXXX  3:17:26 PM   2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 125 XXXX   25425615 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller Change - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Total Payoffs and Payments. (FinXX/XX/XXXX) Final Closing Disclosure Calculating Cash to Close Table disclosed Yes for Did this Change? for Total Payoffs and Payments (K) from -$1,186,492.00 to -$1,186,491.63.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  4:20:06 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 125 XXXX   25425616 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Negative Fees TRID-RESPA Integrated Disclosure - Final Closing Disclosure provided on XX/XX/XXXX disclosed a negative fee amount. (FinXX/XX/XXXX) Final Closing Disclosure disclosed a negative amount of -$150.00 for borrower paid Title - Escrow Fee Coupon Credit in Section C. This is TRID non-compliant.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  4:08:07 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 125 XXXX   25425617 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final Closing Disclosure disclosed the lender will not allow the loan to be Assumed however, the Note contains an Assumption Clause.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  4:05:44 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425620 XXXX XX/XX/XXXX  3:04:39 PM Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  $633,302.07 is less than Cash From Borrower $666,911.53. File is missing verification of $XXXX earnest money deposit. Housing payment history clean for 12 months

Borrower on this full documentation loan has a disposable income of $XXXX

FICO score above minimum by 20 points or greater. FICO: 720

DTI below max by 5% or greater. DTI: XX%
  Aggregator

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Reviewer Comment (2019-08-09): Client identified compensating factors


Buyer Comment (2019-08-09): please see exception


Reviewer Comment (2019-08-09): Updated commentary:  The $XXXX earnest money deposit was paid from unverified XXXX.  The account does not appear to belong to either borrower.
    XX/XX/XXXX  6:57:00 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 121 XXXX   25425622 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Documentation is missing from subject file.       Buyer Comment (2019-08-09): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
    XX/XX/XXXX  4:43:25 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 121 XXXX   25425624 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Final Closing Disclosure dated XX/XX/XXXX disclosed a Closing Date of XX/XX/XXXX Deed of Trust was notarized on XX/XX/XXXX.       Buyer Comment (2019-08-09): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
    XX/XX/XXXX  4:57:13 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425625 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $3,348.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Final Closing Disclosure dated XX/XX/XXXX disclosed Non Escrowed Property Costs Year 1 of $3,348.00; calculated maximum Estimated Total Monthly Payment is $30,495.00.  Lender did not calculate Property Tax Costs in Year 1.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3


Reviewer Comment (2019-08-09): AMC received post close cd.  lender to provide tax calculation worksheet.  Unable to determine taxes calculated by lender
    XX/XX/XXXX  1:19:16 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425626 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) On Final CD under Total Closing Costs Exceeds Limits the amount is blank.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:43:47 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425629 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (InitiXX/XX/XXXX) Evidence of earlier borrowers' receipt was not found in file.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3


Reviewer Comment (2019-08-09): AMC confirms application date of XX/XX/XXXX. However, the only LE's in the file are dated XX/XX/XXXX and XX/XX/XXXX which is not within 3 business days of application date.


Buyer Comment (2019-08-09): application date isXX/XX/XXXX and the loan was disclosedXX/XX/XXXX
    XX/XX/XXXX  1:20:23 PM 2 B XX/XX/XXXX CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 121 XXXX   25425630 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Evidence of earlier borrowers' receipt was not found in file.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:15:14 PM 2 B XX/XX/XXXX CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 121 XXXX   25425631 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $3,800.59 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7200) Cure for various 0% tolerance violations of $4,006.79 was not provided.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3


Reviewer Comment (2019-08-09): Disbursement date is not in question.  Lender needs to provide attestation on what the correct closing date should have been on the Final CD.  The Final CD has a closing date that is prior to the issue date.


Buyer Comment (2019-08-09): this loan didn't fund until XX/XX/XXXXs shown on the final cd


Reviewer Comment (2019-08-09): Unable to re-baseline fee since issue date of the final cd is XX/XX/XXXX with a closing date of XX/XX/XXXX.  Since closing date is prior to issue date attestation required to confirm what the correct closing date should have been on the final cd.  Please provide attestation to what the correct closing date should be on the Final CD.


Reviewer Comment (2019-08-09): Unable to re-baseline fee since issue date of the final cd is XX/XX/XXXX with a closing date of XX/XX/XXXX.  Since closing date is prior to issue date attestation required to confirm what the correct closing date should have been on the final cd.


Buyer Comment (2019-08-09): there was a .25% hit for waiving the taxes see attached
    XX/XX/XXXX  1:21:14 PM 2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425632 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $800.00 exceeds tolerance of $700.00.  Insufficient or no cure was provided to the borrower. (7506) Cure for various 0% tolerance violations of $4,006.79 was not provided.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3


Reviewer Comment (2019-08-09): Cure required to borrower.  Baseline amount of $700 used for appraisal fee.  Borrower charged $800.  Valid change of circumstance required to justify fee increase.  Per lender an estimate appraisal fee was used.  Lender held to baseline of $700 unless valid change of circumstance can be provided.


Buyer Comment (2019-08-09): The appraisal PRC #156366 is showing that it was charged to the borrower XX/XX/XXXX so that is within 3 days of the COC XX/XX/XXXX  
Because we are not aware of the appraisal fee at time of disclosing a best estimate is used ..
This is a valid change of circumstance based on section 1026.17(c)(2)(i) provides that if any information necessary for an accurate disclosure is unknown to the creditor, the creditor shall make the disclosure based on the best information reasonably available to the creditor at the time the disclosure is provided to the consumer.


Reviewer Comment (2019-08-09): receipt of appraisal invoice with correct fee charged to the borrower not a valid change of circumstance.  lender should have been aware of the appraisal fee charges. loan estimate of $700 appraisal fee is binding and no new information was made available to justify fee increase


Buyer Comment (2019-08-09): the invoices were not provided until the broker ordered the CD on the 19th there for an estimate was used for initial disclosure - actual fee were provided at the time of CD therefore the initial appraisal(s) fee was an estimate as the actual fee was not known at the time of disclosure. This is a valid change of circumstance based on section 1026.17(c)(2)(i) provides that if any information necessary for an accurate disclosure is unknown to the creditor, the creditor shall make the disclosure based on the best information reasonably available to the creditor at the time the disclosure is provided to the consumer.
    XX/XX/XXXX  1:21:14 PM 2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425633 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $800.00 exceeds tolerance of $700.00.  Insufficient or no cure was provided to the borrower. (7507) Cure for various 0% tolerance violations of $4,006.79 was not provided.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
    XX/XX/XXXX  1:21:14 PM 2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425634 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $2,389.20 exceeds tolerance of $2,383.00.  Insufficient or no cure was provided to the borrower. (8304) Cure for various 0% tolerance violations of $4,006.79 was not provided.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3


Reviewer Comment (2019-08-09): Addendum for loan amount increase is dated XX/XX/XXXX.  Loan Estimates in file confirm the lender was made aware of the increase at least on XX/XX/XXXX since the sales price is reflected as $2,171,763.  Transfer tax increase occurred on the Final CD issued 11/292018.  Borrower not notified of fee increase within 3 business days of lender being made aware of the changes.


Buyer Comment (2019-08-09): sales price changed on XX/XX/XXXXs shown on uploaded addendum, previous sales price was $2,165,900


Reviewer Comment (2019-08-09): AMC received sales contract addendum which confirms sales price of $2,171,763.  Unable to determine why transfer tax increased.  Sales price did not change.


Reviewer Comment (2019-08-09): Sales price on final cd is the sane as the initial le of $2,171,763 unable to determine where sales price increased


Buyer Comment (2019-08-09): escrow didn't provide the updated transfer tax based on the increased in sales price until the day that docs were drawn on XX/XX/XXXX. see attached
    XX/XX/XXXX  1:21:14 PM 2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425XXX XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. The appraisal disclosure was provided on XX/XX/XXXX; however, the application date was XX/XX/XXXX.       Reviewer Comment (2019-08-09): Waiving at client request, EV2


Reviewer Comment (2019-08-09): AMC confirms application date of XX/XX/XXXX. However, the only LE's in the file are dated XX/XX/XXXX and XX/XX/XXXX which is not within 3 business days of application date.


Buyer Comment (2019-08-09): this is in the file the AMC sent the report to the borrower
    XX/XX/XXXX  1:46:45 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425639 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. The servicing disclosure was provided on XX/XX/XXXX; however, the application date was XX/XX/XXXX.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:15:24 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425640 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. The List of Homeownership Counseling Organizations  was provided on XX/XX/XXXX; however, the application date was XX/XX/XXXX.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:13:29 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 121 XXXX   25425641 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $475.00 exceeds tolerance of $375.00 plus 10% or $412.50.  Insufficient or no cure was provided to the borrower. (0) Ten Percent Fee Tolerance exceeded.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
    XX/XX/XXXX  1:20:55 PM 2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 121 XXXX   25425642 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (FinXX/XX/XXXX) The Seller's final CD reflected a real estate commission in the amount of $XXXX, which did not appear on the consumer's CD.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
    XX/XX/XXXX  1:20:35 PM 1 A XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 118 XXXX   25425696 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (FinXX/XX/XXXX) TRID non-compliant.  Seller paid fees on Seller CD are not consistent with those on Borrower Final CD.  Seller CD reflects $42,104.88 in seller paid fees.  Borrower Final CD reflects $13,186.88 in seller paid fees.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3
    XX/XX/XXXX  1:20:48 PM 1 A XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 118 XXXX   25425700 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three (3) business days prior to consummation. (Type:AdditionXX/XX/XXXX) Desk review waiver was signed XX/XX/XXXXhich is after the consummation date.       Reviewer Comment (2019-08-09): Waive per client.
    XX/XX/XXXX  4:43:08 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 118 XXXX   25425701 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) The final CD discloses the loan is not assumable, the note contains assumption language.       Reviewer Comment (2019-08-09): Waive as Note verbiage is correct in stating the loan is assumable and the CD is not accurate per client.
    XX/XX/XXXX  4:43:44 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 118 XXXX   25425702 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) $150 appraisal reinspection fee.       Reviewer Comment (2019-08-09): Waive per client.
    XX/XX/XXXX  4:46:41 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 118 XXXX   25425703 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75103) The appraisal is dated XX/XX/XXXXnd is subject-to.  The addition of the appraisal reinspection fee on XX/XX/XXXXs not within 3 days of the change of circumstance.       Reviewer Comment (2019-08-09): 60 day window to cure has expired, per client moving to Waive as EV3


Reviewer Comment (2019-08-09): AMC received the invoice. As the appraisal was completed subject to prior to initial disclosure the information the fee was required was available. Please provide corrected CD, LOE, and refund check to cure.


Buyer Comment (2019-08-09): the invoice was provided XX/XX/XXXX with the fee (the amount was not known until the invoice was received)
    XX/XX/XXXX  1:21:14 PM 2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 119 XXXX   25425XXX XXXX XX/XX/XXXX  3:04:39 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of 80.486XX% exceeds Guideline total debt ratio of 50.00000%. Guidelines require total assets/120 months for asset depletion and at of origination, underwriter divided total assets/60 months.
At time of origination, borrower was qualified with assets for depletion $XXXX. After closing costs, assets available for asset depletion total $XXXX.
785 representative FICO score > 680 guideline minimum - 105 points above guideline minimum   Originator Reviewer Comment (2019-08-09): Client approved an exception with only 1 verified compensating factor to allow asset depletion income to be calculated over 60 months (guidelines require 120 months) and a DTI up to 55%.


Buyer Comment (2019-08-09): lender exception to use 5 year asset depletion


Buyer Comment (2019-08-09): Please see upload


Reviewer Comment (2019-08-09): Lender used $XXXX in assets depleted over 60 months and qualified the borrower with monthly Asset Depletion income of $XXXX and a DTI of XX%. Verified assets of $XXXX less funds for closing of $XXXX, less 6 months required PITI reserves of $XXXX = $XXXX remaining assets to be depleted which results in a monthly income of $XXXX and a DTI of XX%.
    XX/XX/XXXX  4:41:04 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 119 XXXX   25425653 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $10,063.68 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) CD Non-Escrowed Property Costs over Year 1 $10,063.68.
Calculated Non-Escrowed Property Costs over Year 1 per 1073; $838.00*12=$10,056.00.
      Reviewer Comment (2019-08-09): Received Letter of Explanation and Corrected CD required to cure. Because the cure timeline has not been met, the exception cannot be cleared.


Buyer Comment (2019-08-09): PCCD reflecting $10,056
      2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 119 XXXX   25425655 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for Property Tax under Prepaids. (FinXX/XX/XXXX) Final CD issued XX/XX/XXXX, Section F. Prepaids, Property Taxes, field for months is blank.       Reviewer Comment (2019-08-09): Waive per client.
    XX/XX/XXXX  1:58:25 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 119 XXXX   25425657 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Rate Lock Agreement not provided       Reviewer Comment (2019-08-09): Waive per client.
    XX/XX/XXXX  1:58:38 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 119 XXXX   25425658 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) The final CD discloses the loan is not assumable, the note contains assumption language.       Reviewer Comment (2019-08-09): Waive per client.
    XX/XX/XXXX  1:58:50 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 119 XXXX   25425659 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Exception revised for asset depletion income calculation. 785 representative FICO score > 680 guideline minimum - 105 points above guideline minimum   Originator Reviewer Comment (2019-08-09): Client approved an exception with only 1 verified compensating factor to allow asset depletion income to be calculated over 60 months (guidelines require 120 months) and a DTI up to 55%.
    XX/XX/XXXX  4:41:21 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 123 XXXX   25425663 XXXX XX/XX/XXXX  5:14:38 PM Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.         Reviewer Comment (2019-07-19): Okay to waive per client.
    XX/XX/XXXX  3:10:27 PM 2 B XX/XX/XXXX FL Primary Purchase   D B C A D B A A Non QM Non QM No
XXX 22NQM2 - 123 XXXX   25425664 XXXX XX/XX/XXXX  5:14:38 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Missing the NOTE, so UTD       Reviewer Comment (2019-07-19): Okay to waive per client.
    XX/XX/XXXX  3:13:45 PM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C A D B A A Non QM Non QM Yes
XXX 22NQM2 - 123 XXXX   25425665 XXXX XX/XX/XXXX  5:14:38 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Dates confirmed       Buyer Comment (2019-07-19): please waive
    XX/XX/XXXX  12:19:34 PM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C A D B A A Non QM Non QM Yes
XXX 22NQM2 - 126 XXXX   25425684 XXXX XX/XX/XXXX  5:14:38 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Assumption language is on the note.       Reviewer Comment (2019-07-19): Waive per client request.
    XX/XX/XXXX  2:49:06 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 126 XXXX   25425685 XXXX XX/XX/XXXX  5:14:38 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Hazard is $584.04 a year and under prepaids it states $292.04 for 12 months.       Buyer Comment (2019-07-19): please waive
    XX/XX/XXXX  2:59:04 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 126 XXXX   25425688 XXXX XX/XX/XXXX  5:14:38 PM Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   No VOM or cancelled checks on current mortgage Housing payment history clean for 85 months

Borrower has been self-employed for 4.87 years
  Originator

Originator
Reviewer Comment (2019-07-19): Lender approved exception to allow an e-mail in lieu of a VOM for the existing private mortgage.


Reviewer Comment (2019-07-19): As of XX/XX/XXXX, still have not received a standard VOM from the private lien holder for the subject property. Per XXXX Underwriting guidelines, a mortgage not reported on the credit report must be verified with: A standard mortgage verification; loan payment history from the servicer; the borrower’s canceled checks for the last twelve months; or the borrower’s year-end mortgage account statement, provided
the statement includes a payment receipt history, and, if applicable, canceled checks for the months elapsed since the year-end mortgage account statement was issued. File contains an e-mail from the private lien holder that the lender used for the VOM and the payoff of this loan however, the original Note was not provided to verify the loan terms as stated in the e-mail. A client exception with compensating factors to allow the e-mail in place of a standard VOM or 12 months cancelled checks is required to clear this exception.


Reviewer Comment (2019-07-19): Rec'd credit supplement for REO property.  Still missing VOM for subject.
    XX/XX/XXXX  8:17:59 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 124 XXXX   25425715 XXXX XX/XX/XXXX  3:04:39 PM Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   Borrower lives and works in XXXX for 2 different companies.  No LOX on why she is currently renting out her primary residence or where she is currently living. No documentation that primary has no liens, taxes, insurance or HOA dues.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:53:18 PM 2 B XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 124 XXXX   25425716 XXXX XX/XX/XXXX  3:04:39 PM Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   Missing currency conversions in file for assets and lease on primary.XXXX has $XXXX.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:53:18 PM 2 B XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 124 XXXX   25425717 XXXX XX/XX/XXXX  3:04:39 PM Credit Income / Employment Income Documentation Income / Employment Income Docs Missing:   For a foreign national borrower, we require the following:  YTD earnings and earnings for the last 2 years from employer on both jobs. Per foreign employer letter, borrower has been employed at the company since 2008

25.98 months reserves > 6 months guideline minimum
  Originator

Originator
Reviewer Comment (2019-08-09): Client approved exception to allow employer letters to verify the borrower's foreign employment and income.


Buyer Comment (2019-08-09): exception
    XX/XX/XXXX  2:17:44 PM 2 B XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 124 XXXX   25425718 XXXX XX/XX/XXXX  3:04:39 PM Credit Guideline Guideline Issue Guideline Borrower does not have the minimum open tradelines per guidelines.   Foreign national loan requires 3 credit references with a 24 month history .  We have a copy of the borrowers list of references, but no actual reference letters. Per foreign employer letter, borrower has been employed at the company since 2008

25.98 months reserves > 6 months guideline minimum
  Originator

Originator
Reviewer Comment (2019-08-09): Client approved exception to allow only 1 credit reference for the foreign national borrower.


Buyer Comment (2019-08-09): please see upload
    XX/XX/XXXX  2:09:02 PM 2 B XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 124 XXXX   25425727 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Assumption language on the note.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:13:45 PM 2 B XX/XX/XXXX CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 124 XXXX   25425728 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller Change - Deposit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Deposit. (FinXX/XX/XXXX) Deposit went from $0 to $49800 and box is marked No.       Reviewer Comment (2019-08-09): Okay to waive per client.
    XX/XX/XXXX  3:35:13 PM 2 B XX/XX/XXXX CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 124 XXXX   25425731 XXXX XX/XX/XXXX  3:04:39 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. DTI exceeds 50% and no exception provided Per foreign employer letter, borrower has been employed at the company since 2008

25.98 months reserves > 6 months guideline minimum
  Originator

Originator
Reviewer Comment (2019-08-09): Client approved exception to allow a DTI up to 55% (subject loan DTI is 52.56%).


Buyer Comment (2019-08-09): please see upload
    XX/XX/XXXX  2:09:53 PM 2 B XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 124 XXXX   25425734 XXXX XX/XX/XXXX  3:04:39 PM Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Missing information to accurate calculate DIT. Per foreign employer letter, borrower has been employed at the company since 2008

25.98 months reserves > 6 months guideline minimum
  Originator

Originator
Reviewer Comment (2019-08-09): Client approved exception to allow a DTI up to 55% (subject loan DTI is 52.56%).


Buyer Comment (2019-08-09): please see upload
    XX/XX/XXXX  2:12:26 PM 2 B XX/XX/XXXX CA Second Home Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 143 XXXX   25425743 XXXX XX/XX/XXXX  1:37:26 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Summaries Of Transactions - Cash From To Borrower TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Amount of Cash to Close that does not match the Final value of Cash to Close in the Calculating Cash to Close table. (FinXX/XX/XXXX) The Calculating Cash to Close table indicates cash to close of $38,951.19.  The Summaries of Transactions table indicates cash to close of $39,337.19.       Buyer Comment (2019-07-03): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:19:22 PM 2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 143 XXXX   25425744 XXXX XX/XX/XXXX  1:37:26 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 8.21670% is in excess of allowable threshold of Prime Mortgage Market Rate 3.63000% + 1.75%, or 5.38000%.  Compliant SubPrime Loan.         Buyer Comment (2019-07-03): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:19:28 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 132 XXXX   25425745 XXXX XX/XX/XXXX  3:05:01 PM Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of 3.39884% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $XXXX on a Federal Total Loan Amount of $XXXX vs. an investor allowable total of $XXXX (an overage of $7,748.90 or .39884%). Points and Fees for subject loan of 3.39884% exceed the 3.00% allowable maximum of the Federal total loan amount of $XXXX, and points and fees totaling $XXXX exceed the allowable maximum of $XXXX, which is an overage of $7,748.90 or .39884%.       Buyer Comment (2019-08-09): please waive
    XX/XX/XXXX  12:29:09 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 132 XXXX   25425746 XXXX XX/XX/XXXX  3:05:01 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Final CD disclosed loan does not allow Assumption, however, Note contains assumption language.       Reviewer Comment (2019-08-09): Waiver per client request.
    XX/XX/XXXX  8:49:39 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 134 XXXX   25425751 XXXX XX/XX/XXXX  3:05:05 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) The Note contains assumption verbiage and a Non Assumability Addendum is missing.  The final Closing Disclosure reflects assumption is not allowed.       Reviewer Comment (2019-08-09): Waive per client request.
    XX/XX/XXXX  12:09:55 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 134 XXXX   25425752 XXXX XX/XX/XXXX  3:05:05 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Final Closing Disclosure disclosed a Closing Date of XX/XX/XXXX. Deed of Trust was notarized on XX/XX/XXXX.       Reviewer Comment (2019-08-09): Exception was previously waived.  No additional comments or documents are needed.


Buyer Comment (2019-08-09): please update dillilgence status to complete so this file can move forward


Reviewer Comment (2019-08-09): Exception addressed previously.


Buyer Comment (2019-08-09): please update file status to complete.  no open conditions but still shows as "in exception clearing


Reviewer Comment (2019-08-09): Waive per client request.
    XX/XX/XXXX  12:14:28 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 135 XXXX   25425759 XXXX XX/XX/XXXX  11:20:42 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX) 3 day appraisal waiver provided however proof that appraisal was delivered to borrower by closing date was not provided.       Reviewer Comment (2019-08-26): Waive per client request.
    XX/XX/XXXX  7:49:49 PM 2 B XX/XX/XXXX AZ Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 135 XXXX   25425760 XXXX XX/XX/XXXX  11:20:42 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) CD reflects loan is not assumable however loan is a ARM and non-assumability rider was not provided.       Reviewer Comment (2019-08-26): Waive per client request.
    XX/XX/XXXX  6:06:27 PM 2 B XX/XX/XXXX AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 141 XXXX   25425765 XXXX XX/XX/XXXX  7:34:12 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Note includes assumption verbiage which allows assumptions.  Final Closing Disclosures indicates loan is not assumable.       Reviewer Comment (2019-08-22): Waive per client request.
    XX/XX/XXXX  2:49:53 PM 2 B XX/XX/XXXX AZ Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 151 XXXX   25425785 XXXX XX/XX/XXXX  4:21:23 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00. XX months of reserves insufficient to cover 3 months required per guidelines. Borrower has been self employed for 5 years and  in the profession for 7 years.

FICO is 665, 25 points > program requirement of 640

LTV is 80%, 5% < maximum program 85%
  Originator

Originator

Originator
Reviewer Comment (2019-07-10): Client elects to waive the exception with verified compensation factors


Buyer Comment (2019-07-10): Approved XXXX Credit Exception uploaded


Reviewer Comment (2019-07-08): Available funds for closing are $XXXX - $XXXX (funds to close) = $XXXX. PITI of $XXXX x 3 = $XXXX. Short reserves of $XX.


Buyer Comment (2019-07-05): Please see Final CD - total cash to close minus available assets = sufficient reserves to meet guideline requirement.
    XX/XX/XXXX  1:57:50 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 151 XXXX   25425787 XXXX XX/XX/XXXX  4:21:23 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of 7.72600% or Final Disclosure APR of 7.84900% is in excess of allowable threshold of Prime Mortgage Market Rate 4.07000 + 1.75%, or 5.82000%.  Compliant SubPrime Loan.         Buyer Comment (2019-07-05): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:19:05 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B B B A A Non QM Non QM Yes
XXX 22NQM2 - 151 XXXX   25425788 XXXX XX/XX/XXXX  4:21:23 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Counseling Disclosure for NY Subprime was not issued within three days of application.       Buyer Comment (2019-07-05): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:18:58 PM 2 B XX/XX/XXXX NY Primary Purchase No obvious cure C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 151 XXXX   25425789 XXXX XX/XX/XXXX  4:21:23 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Home Loan Toolkit Disclosure is not located in file.       Buyer Comment (2019-07-05): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:18:50 PM 2 B XX/XX/XXXX NY Primary Purchase No Defined Cure C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 144 XXXX   25425792 XXXX XX/XX/XXXX  3:54:29 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure not in file. Unable to determine if compensation was based on a term of the transaction       Buyer Comment (2019-07-02): XXXX has elected to waive this exception.
    XX/XX/XXXX  7:12:18 PM 2 B XX/XX/XXXX GA Second Home Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 144 XXXX   25425793 XXXX XX/XX/XXXX  3:54:29 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Finance Charge that does not match the actual finance charge for the loan. (FinXX/XX/XXXX) Final Closing Disclosure Finance Charge is under disclosed by $200.  Itemization of amount financed not in file to confirm please provide compliance report as required per guides.       Reviewer Comment (2019-07-11): AMC received PCCD, LOE, refund check, and proof of delivery. Exception Cured.


Buyer Comment (2019-07-10): Please see PCCD, LOX, CHECK LABEL


Reviewer Comment (2019-07-09): AMC received LE. The exception is regarding the discrepancy of the finance charge amount. As it appears the HOA/Condo Questionnaire was required by lender as it was disclosed in section B on the LE thus included in APR. Please provide corrected CD, LOE, refund check, and proof of delivery to cure.


Buyer Comment (2019-07-08): Please see INITIAL LE reflecting the $250 condo fee was disclosed in section B


Reviewer Comment (2019-07-03): AMC received Mavent Compliance Report, it appears the HOA/Condo Questionaire fee of $250 was not included in the APR calculation.  As it was disclosed in Section C as a required fee by title, it is an APR fee.  If it is not a fee required by the lender or the title company, then it should be disclosed in Section H to be omitted from the APR calculation.


Buyer Comment (2019-07-03): Please see Compliance Report
  XX/XX/XXXX  10:12:27 AM   2 B XX/XX/XXXX GA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 154 XXXX   25425805 XXXX XX/XX/XXXX  3:54:29 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Counseling Disclosure issuedXX/XX/XXXXut not signed by Borrower until 6/13/19       Buyer Comment (2019-07-18): XXXX has elected to waive
    XX/XX/XXXX  6:06:16 PM 2 B XX/XX/XXXX NY Primary Purchase No obvious cure D B D A C B C A Non QM Non QM No
XXX 22NQM2 - 154 XXXX   25425806 XXXX XX/XX/XXXX  3:54:29 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 8.72470% is in excess of allowable threshold of Prime Mortgage Market Rate 3.66000% + 1.75%, or 5.41000%.  Compliant SubPrime Loan.         Buyer Comment (2019-07-18): XXXX has elected to waive
    XX/XX/XXXX  6:06:28 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. D B D A C B C A Non QM Non QM Yes
XXX 22NQM2 - 148 XXXX   25425816 XXXX XX/XX/XXXX  4:21:23 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-08): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:20:34 AM 2 B XX/XX/XXXX FL Primary Purchase   B B B B B B A A Non QM Non QM No
XXX 22NQM2 - 148 XXXX   25425817 XXXX XX/XX/XXXX  4:21:23 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception. Borrower was previously a self-employed contractor (1099) for XXXX prior to starting XXXX 15 months ago onXX/XX/XXXX vs program requirement of 24 months continuous self-employment. XX%% DTI  < 43% guideline max

Reserves are 25.69 months > program requirement of 3 months

Credit score is 739 > program requirement of 680

LTV is 70%, 20% < program maximum of 90%.

Borrower has been self employed for the past 4 years and was previously a 1099 employee with XXXX prior to becoming self employed 15 months ago as President of XXXX
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-05): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  12:28:30 PM 2 B XX/XX/XXXX FL Primary Purchase   B B B B B B A A Non QM Non QM No
XXX 22NQM2 - 146 XXXX   25425820 XXXX XX/XX/XXXX  4:21:23 PM Credit Credit Public Records Credit Public Records/Collections/Charge Off does not meet guidelines. Credit Report: Original // Public Record Type: Foreclosure / Balance: XX Subject property has a Lis Pendens filedXX/XX/XXXX due to Mechanic's Lien that will be paid off with this transaction, borrower also has a foreclosure completedXX/XX/XXXX (32 months) vs program requirement of no foreclosure, bankruptcy, deed in lieu or short sale over the past 48 months at standard LTVs and reserves. Reserves are 118 months, 109 months > program requirement of 110% of the loan + 9 months PITI.

DTI is XX%; 18.484% < program maximum of 50%.

FICO 713, 33 points > 680 program requirement.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-05): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  2:15:48 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 146 XXXX   25425822 XXXX XX/XX/XXXX  4:21:23 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)         Buyer Comment (2019-07-08): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:28:45 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other No Defined Cure C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 146 XXXX   25425823 XXXX XX/XX/XXXX  4:21:23 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)         Buyer Comment (2019-07-08): XXXX has elected to waive this exception.
    XX/XX/XXXX  12:29:05 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other No Defined Cure C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 146 XXXX   25425824 XXXX XX/XX/XXXX  4:21:23 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of $XXXX is less than Guideline minimum loan amount of $150,000.00. Loan amount does not meet guideline minimum. Reserves are 118 months, 109 months > program requirement of 110% of the loan + 9 months PITI.

DTI is XX%; 18.484% < program maximum of 50%.

FICO 713, 33 points > 680 program requirement.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-10): Client elects to waive the exception with verified compensation factors


Buyer Comment (2019-07-09): Please see the uploaded exception which has a counter offer of $145,000 max loan amount.


Reviewer Comment (2019-07-08): Page 39 reflects Owner Occ and second homes, minimum loan amount is $150,000.00.


Buyer Comment (2019-07-08): The borrower's credit score is 713 and per A6 matrix, page 34 for primary, there is no minimum loan amount.
Primary Residence – 1 - 4 Unit and Condo
FOR CREDIT SCORES OF LESS THAN 650, the minimum loan is $150,000.
    XX/XX/XXXX  12:47:36 PM 2 B XX/XX/XXXX FL Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 147 XXXX   25425811 XXXX XX/XX/XXXX  4:41:38 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-08): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:12:35 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 152 XXXX   25425826 XXXX XX/XX/XXXX  4:41:38 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00.   XX%DTI on this bank statement documentation loan < 50% guideline max - 11.251% below program guideline maximum

FICO is 656, 13 points > program requirement of 640

Paying off subject private balloon mtg of $XXXX
  Originator

Originator

Originator
Reviewer Comment (2019-07-17): Client elects to waive the exception with verified compensation factors
    XX/XX/XXXX  10:46:45 AM 2 B XX/XX/XXXX NY Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 152 XXXX   25425834 XXXX XX/XX/XXXX  4:41:38 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of 8.12140% or Final Disclosure APR of 8.14000% is in excess of allowable threshold of Prime Mortgage Market Rate 4.10000 + 1.75%, or 5.85000%.  Compliant SubPrime Loan.         Buyer Comment (2019-07-11): XXXX has elected to waive
    XX/XX/XXXX  3:49:16 PM 2 B XX/XX/XXXX NY Primary Refinance - Rate/Term While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 160 XXXX   25425845 XXXX XX/XX/XXXX  4:13:21 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-23): XXXX has elected to waive


Reviewer Comment (2019-07-22): No LO compensating disclosure provided.
    XX/XX/XXXX  10:25:48 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 160 XXXX   25425846 XXXX XX/XX/XXXX  4:13:21 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $155.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7505)             XX/XX/XXXX  7:08:17 AM   1 A XX/XX/XXXX NY Primary Refinance - Cash-out - Other Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 160 XXXX   25425849 XXXX XX/XX/XXXX  4:13:21 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX) The file contained documentation verifying the borrower was provided with a copy of the appraisal onXX/XX/XXXX, which is prior to the appraisal report date ofXX/XX/XXXX. Evidence borrower received a copy of the revised appraisal was not provided.       Buyer Comment (2019-07-23): XXXX has elected to waive


Reviewer Comment (2019-07-22): Appraisal received by Lender onXX/XX/XXXXer D0054 however this date was prior to the report date of the appraisal ofXX/XX/XXXX.
    XX/XX/XXXX  10:25:59 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 172 XXXX   25425857 XXXX XX/XX/XXXX  4:34:04 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 6.41660% is in excess of allowable threshold of Prime Mortgage Market Rate XX000% + 1.75%, or 5.59000%.  Compliant SubPrime Loan.         Buyer Comment (2019-07-30): XXXX has elected to waive


Reviewer Comment (2019-07-18): Pending TRID review.


Reviewer Comment (2019-07-15): Additional documentation will be required to support the fact the loan became NY  Subprime on 6/5 and not sooner.   Whereas AMC would typically look to the LE in file to determine the APR at the time the LE was issued, in this case the LE is missing from file.  The 1003 reflects the application was made as an ARM loan with an initial interest rate of 5.96%.  This is further supported by the rate lock in file datedXX/XX/XXXXhich also reflects an interest rate of 5.96%.  With a NY subprime threshold of XX% (PMMS) + 1.75% or 5.59%,  the loan appears to have been Subprime from the time of initial application.  Note that the grading on the timing exception is an EV2-B given that while the disclosure was not provided “at application”, as specified in the Regulation, it was provided within three days of application, which AMC’s outside counsel has agreed to an EV2-B citing.
    XX/XX/XXXX  10:23:06 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 172 XXXX   25425861 XXXX XX/XX/XXXX  4:34:04 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Evidence the borrower was provided the counseling disclosure is missing from the loan file.       Buyer Comment (2019-07-30): XXXX has elected to waive


Reviewer Comment (2019-07-18): Pending TRID review.


Reviewer Comment (2019-07-15): Additional documentation will be required to support the fact the loan became NY  Subprime on 6/5 and not sooner.   Whereas AMC would typically look to the LE in file to determine the APR at the time the LE was issued, in this case the LE is missing from file.  The 1003 reflects the application was made as an ARM loan with an initial interest rate of 5.96%.  This is further supported by the rate lock in file datedXX/XX/XXXXhich also reflects an interest rate of 5.96%.  With a NY subprime threshold of XX% (PMMS) + 1.75% or 5.59%,  the loan appears to have been Subprime from the time of initial application.  Note that the grading on the timing exception is an EV2-B given that while the disclosure was not provided “at application”, as specified in the Regulation, it was provided within three days of application, which AMC’s outside counsel has agreed to an EV2-B citing.


Buyer Comment (2019-07-12): Turned into Subprime on 6-5
    XX/XX/XXXX  10:23:21 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other No obvious cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 155 XXXX   25425895 XXXX XX/XX/XXXX  10:29:12 AM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 7.09110% is in excess of allowable threshold of Prime Mortgage Market Rate 3.51000% + 1.75%, or 5.26000%.  Compliant SubPrime Loan.         Buyer Comment (2019-07-25): XXXX has elected to waive
    XX/XX/XXXX  10:42:17 AM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 155 XXXX   25425896 XXXX XX/XX/XXXX  10:30:19 AM Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure provided onXX/XX/XXXXpplication date 5/1/19.       Buyer Comment (2019-07-25): XXXX has elected to waive
    XX/XX/XXXX  10:42:29 AM 2 B XX/XX/XXXX NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 157 XXXX   25425911 XXXX XX/XX/XXXX  4:10:13 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Page 4 of the final CD indicates loan assumption is not allowed yet the Note reflects loan assumption verbiage.       Buyer Comment (2019-07-24): XXXX has elected to waive
    XX/XX/XXXX  6:34:25 PM 2 B XX/XX/XXXX FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
XXX 22NQM2 - 158 XXXX   25425946 XXXX XX/XX/XXXX  4:05:40 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of $XXXX is greater than Guideline maximum loan amount of $2,500,000.00. Loan amount of $XXXX exceeds max allowed of $2,500,000.  Approved Lender Exception in file. Reserves are 29 months, 13 months > program requirement of 16 months (12 months plus 4 months for 2 mortgaged investment properties).

Borrower has 1 closed and 2 open mortgages reporting 0x30 since earliest inception date 8/2007 (1 isolated 30 day in 1/2015).  All other credit accounts reporting paid as agreed.

Borrower has been self-employed as a Physician for the past 15 years.  In addition, he has 19 years self-employment as a Publisher.

DTI is XX%, 20.896% < program maximum of 50%.

Credit score is 756, 76 points > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-17): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  3:20:52 PM 2 B XX/XX/XXXX IL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 158 XXXX   25425947 XXXX XX/XX/XXXX  4:05:40 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:SecondaXX/XX/XXXX) Valuation provided to borrower onXX/XX/XXXXet date of appraisal is 6/17/19.       Buyer Comment (2019-07-19): XXXX has elected to waive
    XX/XX/XXXX  12:20:12 PM 2 B XX/XX/XXXX IL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 158 XXXX   25425965 XXXX XX/XX/XXXX  4:05:40 PM Credit Credit Credit Eligibility Guideline Public Record Issue: Credit Report: Original // Public Record Type: Tax Liens / Balance: $XXXX Allow loan to close with IRS Tax lien in a repayment plan vs. program requirement that borrowers must not be subject to a lien that may attach to the subject property.  Approved Lender Exception in file. Reserves are 29 months, 13 months > program requirement of 16 months (12 months plus 4 months for 2 mortgaged investment properties).

Borrower has 1 closed and 2 open mortgages reporting 0x30 since earliest inception date 8/2007 (1 isolated 30 day in 1/2015).  All other credit accounts reporting paid as agreed.

Borrower has been self-employed as a Physician for the past 15 years.  In addition, he has 19 years self-employment as a Publisher.

DTI is XX%, 20.896% < program maximum of 50%.

Credit score is 756, 76 points > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-17): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  3:21:05 PM 2 B XX/XX/XXXX IL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 158 XXXX   25425966 XXXX XX/XX/XXXX  3:27:16 PM Compliance Compliance Federal Compliance TILA CHARM Booklet Provided Through Home Loan Toolkit TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet provided to the borrower through Home Loan Toolkit.         Buyer Comment (2019-07-22): XXXX has elected to waive
    XX/XX/XXXX  9:18:40 AM 2 B XX/XX/XXXX IL Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 158 XXXX   25425967 XXXX XX/XX/XXXX  1:21:28 PM Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $196.00 exceeds tolerance of $168.00 plus 10% or $184.80.  Sufficient or excess cure was provided to the borrower at Closing. (0) $11.20 cure provided at closing.           XX/XX/XXXX  1:21:28 PM   1 A XX/XX/XXXX IL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 170 XXXX   25425929 XXXX XX/XX/XXXX  4:04:03 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Home Loan Toolkit disclosure was not provided to the borrower       Buyer Comment (2019-07-29): XXXX has elected to waive


Reviewer Comment (2019-07-29): Documents provided in trailing docs are for wrong borrower and address.
    XX/XX/XXXX  12:15:57 PM 2 B XX/XX/XXXX TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 150 XXXX   25425914 XXXX XX/XX/XXXX  4:09:03 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Approved lender exception doc 374 for DTI of XX% vs. program max 50%. Borrower's overall monthly debt payment decreased by $3,389 per month with this refinance

1 open mtg. paid as agreed since 9/2012, no late payments in past 63 months, no public records.

Borrower self-employed for past 3.42 years, in line of business 5 years.

25 months reserves vs. program required 3 months.

741 credit score vs. program min 700

57.69% LTV vs. program max 85%.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-22): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:37:11 AM 2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other   D B B B D B B A Non QM Non QM No
XXX 22NQM2 - 150 XXXX   25425916 XXXX XX/XX/XXXX  4:09:03 PM Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) Texas Constitution Section 50(a)(6): Acceptable FNMA title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the Texas T-42 endorsement or the T-42.1 endorsement. (The loan is a Texas Section 50 (a)(6) home equity loan.)         Buyer Comment (2019-07-24): waive
    XX/XX/XXXX  2:47:56 PM 2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation D B B B D B B A Non QM Non QM No
XXX 22NQM2 - 150 XXXX   25425919 XXXX XX/XX/XXXX  4:09:03 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-23): waive
    XX/XX/XXXX  10:37:41 AM 2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other   D B B B D B B A Non QM Non QM No
XXX 22NQM2 - 150 XXXX   25425920 XXXX XX/XX/XXXX  4:09:03 PM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/S-Corp) Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.       Buyer Comment (2019-07-23): waive
    XX/XX/XXXX  10:37:22 AM 2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other   D B B B D B B A Non QM Non QM No
XXX 22NQM2 - 150 XXXX   25425923 XXXX XX/XX/XXXX  4:09:03 PM Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Approved lender exception doc 374 for DTI of XX% vs. program max 50%. Borrower's overall monthly debt payment decreased by $3,389 per month with this refinance

1 open mtg. paid as agreed since 9/2012, no late payments in past 63 months, no public records.

Borrower self-employed for past 3.42 years, in line of business 5 years.

25 months reserves vs. program required 3 months.

741 credit score vs. program min 700

57.69% LTV vs. program max 85%.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-22): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:37:39 AM 2 B XX/XX/XXXX TX Primary Refinance - Cash-out - Other   D B B B D B B A Non QM Non QM No
XXX 22NQM2 - 165 XXXX   25425899 XXXX XX/XX/XXXX  4:43:40 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Buyer Comment (2019-07-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  7:15:17 PM 2 B XX/XX/XXXX MD Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 165 XXXX   25425900 XXXX XX/XX/XXXX  4:43:40 PM Compliance Compliance State Compliance Misc. State Level Maryland Counseling Agencies Disclosure Not in File Maryland HB1399 - No evidence of counseling agencies list per Maryland HB 1399.         Buyer Comment (2019-07-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  7:15:09 PM 2 B XX/XX/XXXX MD Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 165 XXXX   25425901 XXXX XX/XX/XXXX  4:43:40 PM Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.         Buyer Comment (2019-07-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  7:15:04 PM 2 B XX/XX/XXXX MD Primary Purchase Lender attestation indicating that (1) the borrower did not qualify for any non-higher-priced loans or (2) the lender does not offer non-higher-priced loans. C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 165 XXXX   25425902 XXXX XX/XX/XXXX  4:43:40 PM Compliance Compliance State Compliance State HPML Maryland HPML Threshold Test Non-Compliant Maryland Higher-Priced Mortgage Loan: APR on subject loan of 7.60190% or Final Disclosure APR of 7.64500% is in excess of allowable threshold of APOR 3.87% + 1.5%, or 5.37000%.  Non-Compliant Higher Priced Loan.         Buyer Comment (2019-07-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  7:14:57 PM 2 B XX/XX/XXXX MD Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 165 XXXX   25425904 XXXX XX/XX/XXXX  4:43:40 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Total Closing Cost exceeded the legal limit.       Buyer Comment (2019-07-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  7:14:44 PM 2 B XX/XX/XXXX MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 165 XXXX   25425905 XXXX XX/XX/XXXX  4:43:40 PM Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing documentation       Buyer Comment (2019-07-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  7:14:36 PM 1 A XX/XX/XXXX MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 162 XXXX   25425968 XXXX XX/XX/XXXX  4:21:43 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-24): XXXX has elected to waive
    XX/XX/XXXX  5:06:58 PM 2 B XX/XX/XXXX CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXX 22NQM2 - 162 XXXX   25425969 XXXX XX/XX/XXXX  4:21:43 PM Credit Guideline Guideline Issue Guideline Borrower does not have the minimum active tradelines per guidelines.   Borrower has 1 trade line only that is active and rated 29 months vs program requirement of at least 3 trade lines rated at minimum 12 months with 2 active within 12 months of the credit date. Borrower has been employed for the past 2.5 years as a Regional Director with XXXX.

Minimal credit user with 1 active account paid as agreed. No public records.

750 representative FICO score > 640 guideline minimum - 110 points above guideline minimum

LTV is 69.93%, 15.07% < program maximum of 85% with 50% DTI
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-24): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:06:30 PM 2 B XX/XX/XXXX CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXX 22NQM2 - 153 XXXX   25425972 XXXX XX/XX/XXXX  4:51:49 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation  disclosure not provided. Unable to determine if compensation was based on a term of the transaction       Buyer Comment (2019-07-26): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:35:34 PM 2 B XX/XX/XXXX FL Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 153 XXXX   25425973 XXXX XX/XX/XXXX  4:51:49 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $460.00 exceeds tolerance of $450.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506) Appraisal Fee amount of $460.00 exceeds tolerance of $450.00. Sufficient cure was provided to the borrower           XX/XX/XXXX  11:37:33 AM   1 A XX/XX/XXXX FL Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 153 XXXX   25425974 XXXX XX/XX/XXXX  4:51:49 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $459.65 exceeds tolerance of $50.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520) Initial LE reflected a credit report fee of $50 yet the final CD shows $459.65. Lender provided sufficient cure to borrower.           XX/XX/XXXX  11:37:33 AM   1 A XX/XX/XXXX FL Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 194 XXXX   25425976 XXXX XX/XX/XXXX  9:27:03 AM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.         Buyer Comment (2019-07-30): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:42:55 AM 2 B XX/XX/XXXX SC Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 194 XXXX   25425978 XXXX XX/XX/XXXX  9:27:03 AM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-30): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:42:49 AM 2 B XX/XX/XXXX SC Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 194 XXXX   25425979 XXXX XX/XX/XXXX  9:27:03 AM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Buyer Comment (2019-07-30): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:42:43 AM 2 B XX/XX/XXXX SC Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 194 XXXX   25425980 XXXX XX/XX/XXXX  9:27:03 AM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $186.45 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Appraisal reflects an annual expense for HOA of $2,035.00 or $169.58 per month, final disclosure reflects a monthly expense of $16.95.       Reviewer Comment (2019-08-26): AMC received PCCD correcting non escrowed property costs and LOE. Exception Cured.


Buyer Comment (2019-08-23): PCCD & LOE provided
  XX/XX/XXXX  12:27:37 PM   2 B XX/XX/XXXX SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 194 XXXX   25425981 XXXX XX/XX/XXXX  9:27:03 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Buyer Comment (2019-07-30): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:42:37 AM 2 B XX/XX/XXXX SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 169 XXXX   25425988 XXXX XX/XX/XXXX  11:07:12 AM Compliance Compliance Federal Compliance FACTA FACTA Disclosure Missing FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. Borrower did not receive the FACTA credit score disclosure       Buyer Comment (2019-07-30): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:40:26 AM 2 B XX/XX/XXXX MA Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 169 XXXX   25425989 XXXX XX/XX/XXXX  11:07:12 AM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. List of Homeownership Counseling Organizations not provided to the borrower       Buyer Comment (2019-07-30): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:40:19 AM 2 B XX/XX/XXXX MA Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 169 XXXX   25425990 XXXX XX/XX/XXXX  11:07:12 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (FinXX/XX/XXXX) Disclosure reflects TIP of 170.452% but calculated TIP is 162.377% which is outside of .003% tolerance. Used Index Value = 2.297XX% per Compliance document in file.       Buyer Comment (2019-07-30): XXXX has elected to waive this exception.
    XX/XX/XXXX  10:40:13 AM 2 B XX/XX/XXXX MA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 179 XXXX   25425996 XXXX XX/XX/XXXX  2:14:53 PM Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Buyer Comment (2019-08-02): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:34:10 PM 2 B XX/XX/XXXX IL Second Home Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 179 XXXX   25425997 XXXX XX/XX/XXXX  2:14:53 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $336.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) CD reflects $28.00 Lamont ad per the appraisal HOA is 470.00 annually or 39.17 a month.       Reviewer Comment (2019-08-05): AMC received PCCD correcting non escrowed property costs and LOE. Exception Cured.


Buyer Comment (2019-08-02): PCCD and LOE provided
  XX/XX/XXXX  12:53:50 PM   2 B XX/XX/XXXX IL Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 179 XXXX   25425999 XXXX XX/XX/XXXX  2:14:53 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender acknowledged exception to allow attorney letter confirming both parties are in the process of filing for a Petition of Dissolution vs. program requirement of providing a legal Separation Agreement or Divorce Decree XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

Perfect mortgage history with 3 active mortgage paid as agreed since inception 9/2009. Perfect credit history since inception of earliest account opened 6/2001. No public records

Reserves are 110% of the loan amount plus  PITI reserves, $XXXX > program requirement of 110% plus 5 months (3 month plus 2  investments)

Credit score is 789, 109 points > program requirement of 680

Per Attorney letter, both parties have agreed to waive maintenance, no child support, XXXX to be awarded to spouse, borrower to retain $XXXX in assets and signed by both parties.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-27): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  2:11:54 PM 2 B XX/XX/XXXX IL Second Home Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 179 XXXX   25426000 XXXX XX/XX/XXXX  2:14:53 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Loan is an ARM with verbiage allowing assumption. CD indicated not assumable       Buyer Comment (2019-08-02): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:34:03 PM 2 B XX/XX/XXXX IL Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 174 XXXX   25426005 XXXX XX/XX/XXXX  9:52:28 AM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of 8.37080% or Final Disclosure APR of 8.40300% is in excess of allowable threshold of Prime Mortgage Market Rate 3.82000 + 1.75%, or XX 000%.  Non-Compliant SubPrime Loan. Compliant NY Subprime Loan.       Buyer Comment (2019-08-05): waive


Reviewer Comment (2019-08-05): Timing exception cleared and NY Subprime exception downgraded to EV2 with comment that loan is compliant.
    XX/XX/XXXX  5:56:06 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 174 XXXX   25426007 XXXX XX/XX/XXXX  9:52:28 AM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Partial Payments. (FinXX/XX/XXXX) Page 4 of final CD did not disclose whether the loan allows for Partial Payments.       Reviewer Comment (2019-08-07): AMC received the corrected PCCD and LOE.


Reviewer Comment (2019-08-07): Corrected Closing Disclosure received by AMC.  Letter of explanation to borrower still required to cure.
  XX/XX/XXXX  11:27:36 AM   2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 174 XXXX   25426008 XXXX XX/XX/XXXX  9:52:28 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Cure of $5.00 was reflected, which is insufficient to cure Title - Services Sales Tax of $61.67.       Buyer Comment (2019-08-05): waive
    XX/XX/XXXX  5:59:56 PM 2 B XX/XX/XXXX NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 174 XXXX   25426014 XXXX XX/XX/XXXX  9:52:28 AM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 680. Lender approved exception to allow FICO of XXX vs program requirement of 680 Borrower has been self-employed for the past 2 years as President of XXXX and has 15 years in the industry.

Minimal credit user with all accounts paid as agreed. No collection or public records.
  Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-29): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:44:22 AM 2 B XX/XX/XXXX NY Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 159 XXXX   25426017 XXXX XX/XX/XXXX  4:44:00 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)         Buyer Comment (2019-07-30): waive
    XX/XX/XXXX  8:54:56 AM 2 B XX/XX/XXXX MI Primary Refinance - Rate/Term   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 159 XXXX   25426018 XXXX XX/XX/XXXX  4:44:00 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-30): waive
    XX/XX/XXXX  8:55:04 AM 2 B XX/XX/XXXX MI Primary Refinance - Rate/Term   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 161 XXXX   25426045 XXXX XX/XX/XXXX  4:32:50 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender acknowledged exception to allow Borrower's company, XXXX, in existence sinceXX/XX/XXXX16 months) vs. program requirement that the borrower must have been continually self-employed for two years Borrower has 1 open mortgage reporting 0x30x12 since inception. Credit history reflects paid as agreed since inception of earliest account opened 1/2008, except for one isolated 30 day late 11/2018. No public records

Borrower has been in the same line of business for past 20 years (Delicatessen)

Reserves are 46.76 months, 43.76 months > program requirement of 3 months

Credit score is 746, 66 points > program requirement of 680

LTV is 59.701%, 30.299% < program maximum of 90%
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-07-31): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  10:59:23 AM 2 B XX/XX/XXXX NJ Primary Purchase   B B B B B B A A Non QM Non QM No
XXX 22NQM2 - 161 XXXX   25426047 XXXX XX/XX/XXXX  4:32:50 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:07:37 PM 2 B XX/XX/XXXX NJ Primary Purchase   B B B B B B A A Non QM Non QM No
XXX 22NQM2 - 167 XXXX   25426056 XXXX XX/XX/XXXX  1:10:09 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 6.40320% is in excess of allowable threshold of Prime Mortgage Market Rate 3.39000% + 1.75%, or 5.14000%.  Compliant SubPrime Loan.         Buyer Comment (2019-07-31): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:12:03 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 166 XXXX   25426051 XXXX XX/XX/XXXX  4:56:04 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-05): XXXX Elects to waive this exception.
    XX/XX/XXXX  1:46:04 PM 2 B XX/XX/XXXX NJ Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 166 XXXX   25426052 XXXX XX/XX/XXXX  4:56:04 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) The final CD does not reflect an amount by which the fees exceeded the legal limit.       Buyer Comment (2019-08-05): XXXX Elects to waive this exception.
    XX/XX/XXXX  1:46:14 PM 2 B XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 166 XXXX   25426053 XXXX XX/XX/XXXX  4:56:04 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $650.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7723) The initial LE does not reflect a Survey fee yet the final CD shows a charge in the amount of $650.       Reviewer Comment (2019-08-07): Letter of Explanation, Proof of Delivery, and Corrected CD provided.  Survey Fee moved to Section H.  Cure check not required


Buyer Comment (2019-08-06): Please see attached - PCCD, LOE and Shipping Label


Reviewer Comment (2019-08-05): AMC reviewed the exception. The Survey Fee was disclosed on section H on the LE indicating it is an optional service. Please provide COC if available if it was then required by lender. Please provide an attestation if it was then required by chosen provider. If it was an optional service the fee should be placed in section H with an LOE to cure.


Buyer Comment (2019-08-02): Survey fee of $750 is on the initial LE sec H as reuired by the purchase contract section 11.  Buyers responsibility to obtain a survey.
  XX/XX/XXXX  1:14:54 PM   2 B XX/XX/XXXX NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 163 XXXX   25426078 XXXX XX/XX/XXXX  4:39:17 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-05): XXXX has elected to waive this exception.
    XX/XX/XXXX  11:14:18 AM 2 B XX/XX/XXXX TX Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 163 XXXX   25426079 XXXX XX/XX/XXXX  4:39:17 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final CD page 3 in the section by which the total closing costs exceeded the legal limit indicates a cure of $3.18. Actual cure is $47.00.  No evidence in file that cure was provided to Borrower.       Buyer Comment (2019-08-05): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:18:18 PM 2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 163 XXXX   25426083 XXXX XX/XX/XXXX  10:54:24 AM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $53.18 exceeds tolerance of $50.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520) $3.18 cure provided to the borrower at closing.           XX/XX/XXXX  10:54:24 AM   1 A XX/XX/XXXX TX Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 182 XXXX   25426066 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX/Partnership) Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.       Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:59 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A B B B A Non QM Non QM No
XXX 22NQM2 - 182 XXXX   25426067 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX/S-Corp) Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.       Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:49 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A B B B A Non QM Non QM No
XXX 22NQM2 - 182 XXXX   25426068 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX, Inc/S-Corp) Loan closedXX/XX/XXXX-  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.       Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:43 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A B B B A Non QM Non QM No
XXX 22NQM2 - 182 XXXX   25426069 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/XXXX/Partnership) Loan closedXX/XX/XXXX -  Missing 2018 Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.       Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:33 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A B B B A Non QM Non QM No
XXX 22NQM2 - 182 XXXX   25426072 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)         Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:25 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A B B B A Non QM Non QM No
XXX 22NQM2 - 182 XXXX   25426073 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:SecondaXX/XX/XXXX)         Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:17 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A B B B A Non QM Non QM No
XXX 22NQM2 - 182 XXXX   25426074 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Borrower Paid Loan Costs Total Section B TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed Total Services Borrower Did Not Shop For (Section B) that does not match sum of fees. (FinXX/XX/XXXX) Final CD moved fees from Borrower to Seller paid.  Did not change the total box for section B. Showing $4,916.60 when actual Borrower cost is $466.60       Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:10 AM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B B A Non QM Non QM Yes
XXX 22NQM2 - 182 XXXX   25426075 XXXX XX/XX/XXXX  10:15:26 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Costs Subtotals Borrower Paid - Before Closing TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed Total Closing Costs (Paid by Borrower Before Closing) that does not match sum of fees. (FinXX/XX/XXXX) Final CD moved fees from Borrower to Seller paid.  Did not change the total box for section B. Showing $4,916.60 when actual Borrower cost is $466.60       Buyer Comment (2019-08-13): XXXX has elected to waive this exception.
    XX/XX/XXXX  9:46:02 AM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B B A Non QM Non QM Yes
XXX 22NQM2 - 171 XXXX   25426099 XXXX XX/XX/XXXX  4:28:16 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-06): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:45:46 PM 2 B XX/XX/XXXX FL Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 175 XXXX   25426107 XXXX XX/XX/XXXX  4:28:57 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of 6.16460% is in excess of allowable threshold of Prime Mortgage Market Rate 3.63000% + 1.75%, or 5.38000%.  Compliant SubPrime Loan.         Buyer Comment (2019-08-08): waive
    XX/XX/XXXX  9:49:49 AM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 168 XXXX   25426108 XXXX XX/XX/XXXX  4:28:57 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow primary residence loan to close in name of LLC Excellent payment history, no derogatory accounts

Reserves are 34.77 months > program requirement of 6 months

Credit score is 784, 64 points > program requirement of 720

LTV is 58.824% < program maximum of 75%
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-07): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:37:57 PM 2 B XX/XX/XXXX PA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 168 XXXX   25426110 XXXX XX/XX/XXXX  4:28:57 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-07): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:11:39 PM 2 B XX/XX/XXXX PA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 168 XXXX   25426111 XXXX XX/XX/XXXX  4:28:57 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX did not disclose number of months for Property Tax under Prepaids. (FinXX/XX/XXXX) Line 4 of Section F, number of months is blank.       Buyer Comment (2019-08-07): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:11:50 PM 2 B XX/XX/XXXX PA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
XXX 22NQM2 - 176 XXXX   25426133 XXXX XX/XX/XXXX  4:28:57 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $52.00 exceeds tolerance of $35.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520) Initial LE reflected a credit report fee of $35 yet the final CD shows a fee of $52.  Lender provided a $17 cure to the borrower at time of closing.           XX/XX/XXXX  11:01:11 AM   1 A XX/XX/XXXX MS Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
XXX 22NQM2 - 176 XXXX   25426134 XXXX XX/XX/XXXX  4:28:57 PM Credit Credit Miscellaneous Guideline Credit Exception:   Allow use of LOE and Secretary of State document as proof of 100% business ownership by borrower vs program requirement of acceptable documentation to verify part of the business owned by the borrower Self-employed for the past 4 years as owner ofXXXX, with 27 years in profession.

DTI is XX%, 24.311% < program maximum of 43%.

Credit score is 719, 39 points > program requirement of 680.

Re-established credits and no late payment since BK7 discharged in 9/2012.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-07): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:58:52 AM 2 B XX/XX/XXXX MS Primary Purchase   B B B B A A A A Non QM Non QM No
XXX 22NQM2 - 191 XXXX   25426137 XXXX XX/XX/XXXX  4:42:02 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $330.00 on Final Closing Disclosure provided on XX/XX/XXXX not accurate. (FinXX/XX/XXXX) Non Escrowed Property cost of Year 1 of $330.00 on final CD is incorrect. HOA dues per appraisal are $300 yearly.       Reviewer Comment (2019-08-16): AMC received PCCD correcting non escrowed property costs and LOE. Exception Cured.


Buyer Comment (2019-08-15): PCCD provided
  XX/XX/XXXX  9:06:06 AM   2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 191 XXXX   25426140 XXXX XX/XX/XXXX  4:42:02 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan contains a Demand Feature. (FinXX/XX/XXXX) Page 4 of final CD did not select whether the loan contains a demand feature.       Buyer Comment (2019-08-08): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:54:56 PM 2 B XX/XX/XXXX TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 178 XXXX   25426160 XXXX XX/XX/XXXX  4:40:28 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Origination Compensation disclosure not provided. Unable to determine if compensation was based on a term of the transaction       Buyer Comment (2019-08-14): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:08:46 PM 2 B XX/XX/XXXX FL Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 195 XXXX   25426174 XXXX XX/XX/XXXX  4:43:10 PM Compliance Compliance Federal Compliance Compliance High Cost Indicator Test Loan does not exceed any high cost thresholds, however, documentation indicating loan was originated as a high cost loan found in file. Mavent report datedXX/XX/XXXXeflects as a high cost fail.       Buyer Comment (2019-08-22): XXXX has elected to waive
    XX/XX/XXXX  9:57:46 AM 2 B XX/XX/XXXX NJ Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 202 XXXX   25426175 XXXX XX/XX/XXXX  4:44:04 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of $XXXX is greater than Guideline maximum loan amount of $3,000,000.00. Loan amount of $XXXX exceeds max of $3,000,000.  Approved Lender Exception in file. Purchase price is $XXXX  Waterfront Contemporary style home in the XXXX with views of XXXX and quite rural like atmosphere among many high end homes..

All tradelines show paid as agreed since earliest account inception date of 8/1998.

Borrower has been self-employed for the past  13 years as Vice President of  XXXX one of he largest US distributors of wireless devices, accessories and related products.

Credit score is 731, 31 points > program requirement of 700.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-16): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  11:52:54 AM 2 B XX/XX/XXXX NY Investment Purchase   C B C B B B A A N/A N/A No
XXX 22NQM2 - 202 XXXX   25426176 XXXX XX/XX/XXXX  4:44:04 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of 5.30 is less than Guideline PITIA months reserves of 12.00. XX months of reserves is insufficient to cover minimum of 12 months required per guidelines. Purchase price is $XXXX  Waterfront Contemporary style home in the XXXX with views of XXXX and quite rural like atmosphere among many high end homes..

All tradelines show paid as agreed since earliest account inception date of 8/1998.

Borrower has been self-employed for the past  13 years as Vice President of  XXXX one of he largest US distributors of wireless devices, accessories and related products.

Credit score is 731, 31 points > program requirement of 700.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-29): Client elects to waive the exception with verified compensation factors.
    XX/XX/XXXX  9:52:39 AM 2 B XX/XX/XXXX NY Investment Purchase   C B C B B B A A N/A N/A No
XXX 22NQM2 - 202 XXXX   25426177 XXXX XX/XX/XXXX  4:44:04 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX) Missing evidence the initial appraisal datedXX/XX/XXXXas provided to the borrower.       Buyer Comment (2019-08-28): XXXX has elected to waive
    XX/XX/XXXX  6:16:55 PM 2 B XX/XX/XXXX NY Investment Purchase   C B C B B B A A N/A N/A No
XXX 22NQM2 - 181 XXXX   25426201 XXXX XX/XX/XXXX  4:15:26 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-21): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:07:05 PM 2 B XX/XX/XXXX NJ Primary Purchase   D B D A C B C A Non QM Non QM No
XXX 22NQM2 - 181 XXXX   25426203 XXXX XX/XX/XXXX  4:15:26 PM Compliance Compliance Federal Compliance TRID TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on XX/XX/XXXX reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (FinXX/XX/XXXX) Title - Lender's Title Insurance paid to party was left blank.       Buyer Comment (2019-08-21): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:07:37 PM 2 B XX/XX/XXXX NJ Primary Purchase Good Faith Redisclosure D B D A C B C A Non QM Non QM Yes
XXX 22NQM2 - 181 XXXX   25426204 XXXX XX/XX/XXXX  4:15:26 PM Compliance Compliance Miscellaneous Compliance Missing Non-Required Data Paid To party cannot be determined on the Closing Disclosure. For compliance testing purposes, Paid To of Lender will be considered in lieu of UTD. Date Issued: XX/XX/XXXX Title - Lender's Title Insurance Title - Lender's Title Insurance paid to party was left blank.       Buyer Comment (2019-08-21): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:07:49 PM 2 B XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B C A Non QM Non QM Yes
XXX 22NQM2 - 181 XXXX   25426205 XXXX XX/XX/XXXX  1:03:45 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:PrimaXX/XX/XXXX)         Buyer Comment (2019-08-22): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:23:10 PM 2 B XX/XX/XXXX NJ Primary Purchase   D B D A C B C A Non QM Non QM No
XXX 22NQM2 - 181 XXXX   25426207 XXXX XX/XX/XXXX  4:47:09 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:PrimaXX/XX/XXXX)         Buyer Comment (2019-08-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  2:41:43 PM 2 B XX/XX/XXXX NJ Primary Purchase   D B D A C B C A Non QM Non QM No
XXX 22NQM2 - 186 XXXX   25426210 XXXX XX/XX/XXXX  4:15:26 PM Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender Valuation Type: Appraisal / Valuation Report Date: XX/XX/XXXX Allow the use of appraisal report with appraisal transfer letter that does not meet all XXXX Mortgage transfer requirement verbiage Lender will not provide anything further than what is currently documented.  Letter is missing borrower name, complete subject property address, Recovco address vs. program requirement that the appraisal transfer letter must meet XXXX guidelines.  Approved Lender Exception in file. One open mortgage reflects 0x30 since inception 2/2017.  Four closed mortgages reflect paid as agreed.  Perfect credit history since inception of earliest account opened 9/1991.  No public records.

Borrower has been self employed for the past 27 years as the owner ofXXXX

Credit score is 812, 152 points > program requirement of 660.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-21): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  4:03:31 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C A C B B B Non QM Non QM No
XXX 22NQM2 - 186 XXXX   25426211 XXXX XX/XX/XXXX  4:15:26 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. $0.00       Buyer Comment (2019-08-22): XXXX elects to waive this exception. SM
    XX/XX/XXXX  3:47:40 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B B B Non QM Non QM Yes
XXX 22NQM2 - 185 XXXX   25426218 XXXX XX/XX/XXXX  4:20:58 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow Co-Borrower XXXX to qualify with only one credit score vs program requirement of the lower score for Occupying Borrowers with 2 two valid credit scores. Perfect credit history since inception of earliest account opened 7/2017. No public records.

XX% DTI < 50% guideline max

17.73 months reserves > 3 months guideline minimum

FICO is 705 > program requirement of 620

47.36XX% LTV < 85% guideline max
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-22): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  8:58:01 AM 2 B XX/XX/XXXX CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXX 22NQM2 - 183 XXXX   25426221 XXXX XX/XX/XXXX  4:15:26 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-22): XXXX has elected to waive this exception
    XX/XX/XXXX  9:02:27 AM 2 B XX/XX/XXXX TX Primary Purchase   C B B B C B A A Non QM Non QM No
XXX 22NQM2 - 183 XXXX   25426224 XXXX XX/XX/XXXX  4:15:26 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $600.00.  Insufficient or no cure was provided to the borrower. (7506) Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $600.00, a cure of $70.00 was provided for this overage.       Reviewer Comment (2019-08-22): SitusAMC received required documents, exception is cured at closing.


Buyer Comment (2019-08-22): Please see Final CD section J reflects $70 lender credit to cure
  XX/XX/XXXX  5:20:48 PM   2 B XX/XX/XXXX TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
XXX 22NQM2 - 183 XXXX   25426225 XXXX XX/XX/XXXX  4:15:26 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Lender approved exception for DTI exceeding 50% No public records. VOR reflects 0x30 since inceptionXX/XX/XXXXBorrower has been self-employed for the past 6 years as the owner of XXXX

Credit score is 643, 3 points > program requirement of 640.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-21): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:25:15 PM 2 B XX/XX/XXXX TX Primary Purchase   C B B B C B A A Non QM Non QM No
XXX 22NQM2 - 183 XXXX   25426226 XXXX XX/XX/XXXX  4:15:26 PM Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)   No public records. VOR reflects 0x30 since inceptionXX/XX/XXXXBorrower has been self-employed for the past 6 years as the owner of XXXX

Credit score is 643, 3 points > program requirement of 640.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-21): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:25:30 PM 2 B XX/XX/XXXX TX Primary Purchase   C B B B C B A A Non QM Non QM No
XXX 22NQM2 - 183 XXXX   25426227 XXXX XX/XX/XXXX  4:15:26 PM Credit Credit Miscellaneous Guideline Credit Exception:   Allow funds for down payment coming from borrower's business account vs program requirement that if funds in a business or brokerage account have not been transferred to the Borrowers personal accounts, such funds may not ne included in down payment and closing costs. No public records. VOR reflects 0x30 since inceptionXX/XX/XXXXBorrower has been self-employed for the past 6 years as the owner of XXXX

Credit score is 643, 3 points > program requirement of 640.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-21): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:25:39 PM 2 B XX/XX/XXXX TX Primary Purchase   C B B B C B A A Non QM Non QM No
XXX 22NQM2 - 183 XXXX   25426229 XXXX XX/XX/XXXX  10:30:44 AM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $670.00 exceeds tolerance of $600.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506) Cured at closing           XX/XX/XXXX  10:30:44 AM   1 A XX/XX/XXXX TX Primary Purchase Final CD evidences Cure C B B B C B A A Non QM Non QM Yes
XXX 22NQM2 - 184 XXXX   25426232 XXXX XX/XX/XXXX  4:20:58 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer.       Buyer Comment (2019-08-22): XXXX has elected to waived this exception.
    XX/XX/XXXX  5:33:50 PM 2 B XX/XX/XXXX CA Investment Purchase   B B A A B B A A N/A N/A No
XXX 22NQM2 - 189 XXXX   25426236 XXXX XX/XX/XXXX  4:22:58 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-27): XXXX has elected to waive this exception
    XX/XX/XXXX  4:41:21 PM 2 B XX/XX/XXXX FL Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 188 XXXX   25426239 XXXX XX/XX/XXXX  4:22:58 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 3.00. Lender approved exception to allow reserves to be waived with mortgage payment history of 12 months (0x30x12) vs program requirement of 24 month history (0x30x24) One open mortgage reflects paid as agreed since 7/2018. No public records.

Borrower has been self-employed for the past 19 years as the Owner of XXXX, in the same line of business for the past 23 years.

XX%DTI < 43% guideline max,XX%below guideline maximum

718 representative FICO score > 680 guideline minimum

62.53% LTV < 90% guideline max
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-08-27): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:52:38 PM 2 B XX/XX/XXXX CA Primary Refinance - Rate/Term   B B B B A A A A Non QM Non QM No
XXX 22NQM2 - 196 XXXX   25426250 XXXX XX/XX/XXXX  5:17:53 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/948967) rojected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 of $18,957.10 that does not match the actual total payment for the loan of $18,693.52.       Reviewer Comment (2019-09-05): Letter of Explanation, Proof of Delivery, Corrected CD provided


Buyer Comment (2019-09-04): PCCD/LOX/Label uploaded.
  XX/XX/XXXX  12:28:42 PM   2 B XX/XX/XXXX CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 196 XXXX   25426251 XXXX XX/XX/XXXX  5:17:53 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (FinXX/XX/XXXX) Other Costs: Final Closing Disclosure provided on XX/XX/XXXX disclosed homeowner's insurance under Prepaids of $22,729.26 that does not match amount per month calculation of$25,892.28       Buyer Comment (2019-09-04): XXXX has elected to waive this exception.
    XX/XX/XXXX  3:29:09 PM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 196 XXXX   25426253 XXXX XX/XX/XXXX  1:38:07 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $850.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7507) Cured at closing           XX/XX/XXXX  1:38:07 PM   1 A XX/XX/XXXX CA Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 196 XXXX   25426254 XXXX XX/XX/XXXX  2:31:21 PM Credit Credit Miscellaneous Guideline Credit Exception:   Allow subject to close in borrowers LLC (100% owner of XXXX) vs program requirement to close as a natural person. Borrower has been self employed fr the past 3 years as Owner of XXXX

Mortgage history with 1 active mortgage paid as a freed since an isolated 30 day late 5/2016 with no  other late payments since inception 3/2006. No public records

XX% DTI on this full documentation loan < 50% guideline max - XX% below program guideline maximum

113.32 months reserves > XX months guideline minimum

Credit score is 687, 7 points > program requirement of 680

LTV is 70%, 5% < program maximum of 75%.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-05): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  2:39:51 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 196 XXXX   25426255 XXXX XX/XX/XXXX  2:33:35 PM Credit Credit Miscellaneous Guideline Credit Exception:   Allow funds for closing  to come from business account (due to transaction closing in LLC name) vs program requirement that funds for closing be transferred to borrowers personal bank account. Borrower has been self employed fr the past 3 years as Owner of XXXX

Mortgage history with 1 active mortgage paid as a freed since an isolated 30 day late 5/2016 with no  other late payments since inception 3/2006. No public records

XX% DTI on this full documentation loan < 50% guideline max - XX% below program guideline maximum

113.32 months reserves > XX months guideline minimum

Credit score is 687, 7 points > program requirement of 680

LTV is 70%, 5% < program maximum of 75%.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-05): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  2:40:03 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 187 XXXX   25426258 XXXX XX/XX/XXXX  4:21:54 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-08-29): waive
    XX/XX/XXXX  10:44:56 AM 2 B XX/XX/XXXX NJ Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 187 XXXX   25426260 XXXX XX/XX/XXXX  4:21:54 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure XX/XX/XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (FinXX/XX/XXXX) Additional CD provided is not final as issue date ofXX/XX/XXXX is prior to the signed date XX/XX/XXXX.       Reviewer Comment (2019-08-30): Letter of Explanation & Corrected Closing Disclosure provided.


Reviewer Comment (2019-08-30): Corrected Closing Disclosure,  LOE to borrower still required to cure


Buyer Comment (2019-08-29): Uploaded PCCD that reflects seller paid fees
  XX/XX/XXXX  5:37:43 PM   1 A XX/XX/XXXX NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXX 22NQM2 - 138 XXXX   25426272 XXXX XX/XX/XXXX  4:56:18 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) The Note allows for assumption, but the final Closing Disclosure reflects assumption is not allowed.       Reviewer Comment (2019-08-30): Waive per client request.
    XX/XX/XXXX  3:49:42 PM 2 B XX/XX/XXXX AZ Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 138 XXXX   25426273 XXXX XX/XX/XXXX  4:56:18 PM Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/949836) Final Closing Disclosure disclosed an Estimated Total Monthly Payment for Payment Stream 1 of $1,454.88; calculated Estimated Total Monthly Payment is $1,459.79. Difference is due to Hazard Insurance Policy reflects an annual premium of $1,305.98 or $108.83 per month however, Final Closing Disclosure disclosed the monthly premium as $103.92. Letter of Explanation to the borrowers, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable are required to cure this exception.       Reviewer Comment (2019-09-09): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission  not required to be re-opened as IEAD matched the Final CD


Buyer Comment (2019-09-06): Please see pccd and delivery attached
  XX/XX/XXXX  5:59:35 PM   2 B XX/XX/XXXX AZ Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 199 XXXX   25426276 XXXX XX/XX/XXXX  4:39:28 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure disclosure to applicant within three (3) business days of application or determination of first lien status.         Buyer Comment (2019-09-10): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:49:56 PM 2 B XX/XX/XXXX CT Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
XXX 22NQM2 - 199 XXXX   25426280 XXXX XX/XX/XXXX  4:39:28 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)         Buyer Comment (2019-09-10): XXXX has elected to waive this exception.
    XX/XX/XXXX  1:50:48 PM 2 B XX/XX/XXXX CT Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
XXX 22NQM2 - 211 XXXX   25426290 XXXX XX/XX/XXXX  4:15:05 PM Credit Guideline Guideline Issue Guideline Unacceptable assets were used for closing or reserves.   Lender acknowledged exception to allow Down payment and closing costs paid with borrower's business funds vs. program requirement that business funds used for down payment and or closing costs must be transferred to borrower's personal account.  Approved Lender Exception in file. Borrower has been self-employed for the past 25 years as Owner of XXXX

Borrower has 1 open mortgage paid as agreed since inception 7/2009.  No public records.

Reserves are 9.33 months, 5.33 months > program requirement of 4 months.

Credit score is 733, 53 points > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-05): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:20:24 AM 2 B XX/XX/XXXX PA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 211 XXXX   25426292 XXXX XX/XX/XXXX  4:15:05 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 43.00000%. DTI of XX% exceeds max of 43% allowed per guides.  Lender did not include all taxes in DTI. Borrower has been self-employed for the past 25 years as Owner of XXXX

Borrower has 1 open mortgage paid as agreed since inception 7/2009.  No public records.

Reserves are 9.33 months, 5.33 months > program requirement of 4 months.

Credit score is 733, 53 points > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-19): Client elects to waive the exception with verified compensation factors


Reviewer Comment (2019-09-06): No new information was provided ion trailing docs.
    XX/XX/XXXX  9:37:22 AM 2 B XX/XX/XXXX PA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 211 XXXX   25426298 XXXX XX/XX/XXXX  4:15:05 PM Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XX% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.) Loan failed ATR due to DTI of 43.289% exceeding max allowed of 43%.  Lender did not include all property taxes into DTI calculation. Borrower has been self-employed for the past 25 years as Owner of XXXX

Borrower has 1 open mortgage paid as agreed since inception 7/2009.  No public records.

Reserves are 9.33 months, 5.33 months > program requirement of 4 months.

Credit score is 733, 53 points > program requirement of 680.
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-19): Client elects to waive the exception with verified compensation factors


Buyer Comment (2019-09-18): Please see uploaded exception


Reviewer Comment (2019-09-06): No new information was provided ion trailing docs.


Buyer Comment (2019-09-05): 1907020243
    XX/XX/XXXX  9:41:48 AM 2 B XX/XX/XXXX PA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 211 XXXX   25426302 XXXX XX/XX/XXXX  4:15:05 PM Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $252.00 exceeds tolerance of $228.00 plus 10% or $250.80.  Sufficient or excess cure was provided to the borrower at Closing. (0) Total increase of fees in the amount of $252 exceeded the max 10% increase of $250.80.           XX/XX/XXXX  3:41:45 PM   1 A XX/XX/XXXX PA Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 211 XXXX   25426303 XXXX XX/XX/XXXX  4:15:05 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of $12.00 exceeds tolerance of $10.00.  Sufficient or excess cure was provided to the borrower at Closing. (7579) Initial LE reflected Flood Cert fee of $10.00  increased to $12.00 without a valid change circumstance. Tolerance exceeded. No evidence cure was provided to borrower.           XX/XX/XXXX  3:41:45 PM   1 A XX/XX/XXXX PA Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 211 XXXX   25426308 XXXX XX/XX/XXXX  1:57:23 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Provide initial disclosure.       Buyer Comment (2019-09-18): XXXX has elected to waive
    XX/XX/XXXX  5:55:24 PM 2 B XX/XX/XXXX PA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 142 XXXX   25426346 XXXX XX/XX/XXXX  9:40:05 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) CD closing dateXX/XX/XXXXigned 6/15/19.       Reviewer Comment (2019-09-09): Waive per client request.
    XX/XX/XXXX  9:06:34 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 142 XXXX   25426347 XXXX XX/XX/XXXX  9:40:05 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller Change - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether there was a change in the Total Payoffs and Payments. (FinXX/XX/XXXX) Final CD reflects, yes, there was a change in payoffs. LE reflects $238,551 and Final CD reflects $238,551.27, difference only due to LE rounding.       Reviewer Comment (2019-09-09): Waive per client request.
    XX/XX/XXXX  9:21:31 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 142 XXXX   25426350 XXXX XX/XX/XXXX  9:40:05 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX) Proof that revised appraisal was delivered to borrower was not provided.       Reviewer Comment (2019-09-09): Waive per client request.
    XX/XX/XXXX  9:21:47 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 142 XXXX   25426351 XXXX XX/XX/XXXX  9:40:05 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Total cash-out discrepancy. HUD-1 total cash-out of $XXXX is greater than Guideline total cash-out of $500,000.00. Borrowers received $XXXX total cash out at closing, which exceeds the Full Doc guideline maximum of $500,000.00. File is missing the lender's approved exception with verified compensating factors to allow the excessive cash out. XX% DTI on this Full Doc documentation loan < 50.00% guideline max - XX% below program guideline maximum (DTI was calculated using 36 months for asset depletion vs the guideline required 120 months)

215.56 months reserves > 6 months guideline minimum - (reserves include cash out proceeds)
  Originator

Originator
Reviewer Comment (2019-09-27): Lender approved exception to allow $XXXX total cash out at closing, vs the guideline max of $500,000.00.
    XX/XX/XXXX  11:00:38 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 142 XXXX   25426352 XXXX XX/XX/XXXX  9:40:05 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Borrower was qualified with monthly asset depletion income of $XXXX that included the full balances of 2 IRA accounts however, the borrower is not 59 1/2 years-old and XXXX Full Doc guidelines allow only 60% of the current balance to be used for depletion. In addition, the depletion income was calculated over 36 months; the guidelines require assets to be depleted over 120 months. The verified asset depletion income is $XXXX, which results in a DTI of 72.XX%. XX% DTI on this Full Doc documentation loan < 50.00% guideline max - XX% below program guideline maximum (DTI was calculated using 36 months for asset depletion vs the guideline required 120 months)

215.56 months reserves > 6 months guideline minimum - (reserves include cash out proceeds)
  Originator

Originator
Reviewer Comment (2019-09-27): Lender approved exception to allow the borrower's assets (including cash out proceeds) to be depleted over 36 months vs the guideline required 120 months for asset depletion income.


Buyer Comment (2019-09-13): Please see Underwriter Income Calculation attached.   Funds used from retirement accounts have been reduced to 60% prior to being used in Asset Depletion Calculation.
    XX/XX/XXXX  10:59:35 AM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 206 XXXX   25426327 XXXX XX/XX/XXXX  4:49:15 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.         Buyer Comment (2019-09-12): XXXX has elected to waive this exception
    XX/XX/XXXX  8:54:53 AM 2 B XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 206 XXXX   25426329 XXXX XX/XX/XXXX  4:49:15 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-09-16): XXXX has elected to waive this exception.


Reviewer Comment (2019-09-12): Unable to clear or remove EV-2 compliance exceptions.


Buyer Comment (2019-09-12): Duplicate exception: Please remove
    XX/XX/XXXX  1:32:03 PM 2 B XX/XX/XXXX FL Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
XXX 22NQM2 - 201 XXXX   25426322 XXXX XX/XX/XXXX  4:00:11 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $519.00 exceeds tolerance of $495.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)             XX/XX/XXXX  3:50:38 PM   1 A XX/XX/XXXX CA Primary Refinance - Rate/Term Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
XXX 22NQM2 - 177 XXXX   25426283 XXXX XX/XX/XXXX  4:44:04 PM Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on XX/XX/XXXX not received by borrower at least four (4) business days prior to closing. (InterXX/XX/XXXX) Evidence revised LE received at least 4 business days prior to closing is not provided.       Buyer Comment (2019-08-21): waive


Reviewer Comment (2019-08-20): Regraded to EV2-B based on the final LE being received at least 4 days prior to consummation, prior LE received less than 4 days from consummation.


Reviewer Comment (2019-08-20): AMC received Disclosure Summary.  Document provided appears to be for the Revised Final LE issued on XX/XX/XXXX.  Please provide confirmation of receipt for the XX/XX/XXXX LE. Thanks
    XX/XX/XXXX  8:33:08 AM 2 B XX/XX/XXXX CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 177 XXXX   25426286 XXXX XX/XX/XXXX  4:44:04 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.         Buyer Comment (2019-08-19): waive
    XX/XX/XXXX  10:44:31 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 177 XXXX   25426287 XXXX XX/XX/XXXX  4:44:04 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:PrimaXX/XX/XXXX)         Buyer Comment (2019-08-19): waive
    XX/XX/XXXX  10:44:48 AM 2 B XX/XX/XXXX CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 177 XXXX   25426288 XXXX XX/XX/XXXX  4:44:04 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)         Buyer Comment (2019-08-19): waive
    XX/XX/XXXX  10:45:04 AM 2 B XX/XX/XXXX CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXX 22NQM2 - 190 XXXX   25426343 XXXX XX/XX/XXXX  4:22:31 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-09-06): XXXX has elected to waive this exception.
    XX/XX/XXXX  4:54:13 PM 2 B XX/XX/XXXX IL Primary Purchase   B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 139 XXXX   25426333 XXXX XX/XX/XXXX  7:27:40 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) The ARM Rider indicates Assumable, and the CD reflects not Assumable.       Reviewer Comment (2019-09-03): Waive per client request.
    XX/XX/XXXX  10:55:47 AM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
XXX 22NQM2 - 139 XXXX   25426336 XXXX XX/XX/XXXX  7:27:40 PM Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 85.00000%. Subject purchase loan closed with an LTV of 90.00%, which exceeds the Bank Statement guideline maximum LTV of 85.00% for  borrowers with a qualifying FICO score of XXX. File is missing a lender approved exception with verified compensating factors to allow the higher LTV. Borrowers have residual income of $XXXX

Housing payment history clean for 22 months vs guideline requirement of 12 months
  Originator

Originator
Reviewer Comment (2019-09-19): Lender approved exception to allow an LTV of 90% which exceeds the guideline max LTV of 85%.
    XX/XX/XXXX  5:33:34 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 139 XXXX   25426337 XXXX XX/XX/XXXX  7:27:40 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of XX% exceeds Guideline total debt ratio of 50.00000%. Per XXXX Income Calculation Analysis, the borrowers were qualified with personal bank statement income of $XXXX split between both borrowers that was noted to be derived from XXXX checking account #XXXX. However, the file only contains 4 months of statements for this account. The file does contain 12 months of personal statements for XXXX  accounts XXXX , which results in a qualifying income of $XXXX and a DTI of XX%. XX% DTI on this Bank Statement documentation loan < 50.00% guideline max - XX% below program guideline maximum

Borrowers have residual income of $XXXX

Housing payment history clean for 22 months vs guideline requirement of 12 months
  Originator

Originator

Originator
Reviewer Comment (2019-09-27): Lender approved exception to allow only 7 months of personal statements for the borrower's bank statement income when the guidelines require 12 months.


Reviewer Comment (2019-09-19): Received duplicate April, March and February 2019 statements and 4 additional statements for XXXX for a total of 7 months personal statements. Guidelines require 12 months. Still missing XXXX statements for September 2018, August 2018, July XX, June 2018, May 2018 and May 2018.

Upon receipt of the missing bank statements, additional conditions may apply.


Buyer Comment (2019-09-06): XXXX  Statement have not been used in qualifying income.   See box on right side of UW Income Calculation Analysis.
    XX/XX/XXXX  1:17:37 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXX 22NQM2 - 197 XXXX   2542XXX2 XXXX XX/XX/XXXX  4:39:28 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator disclosure not provided. Unable to determine if compensation was based on a term of the transaction       Buyer Comment (2019-09-10): waive
    XX/XX/XXXX  10:19:55 AM 2 B XX/XX/XXXX TX Primary Refinance - Rate/Term   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 198 XXXX   25426402 XXXX XX/XX/XXXX  4:15:05 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.         Buyer Comment (2019-09-06): waive
    XX/XX/XXXX  10:07:48 AM 2 B XX/XX/XXXX FL Primary Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 198 XXXX   25426405 XXXX XX/XX/XXXX  4:15:05 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-09-06): waive
    XX/XX/XXXX  10:08:24 AM 2 B XX/XX/XXXX FL Primary Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 198 XXXX   25426411 XXXX XX/XX/XXXX  4:15:05 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received       Buyer Comment (2019-09-06): waive
    XX/XX/XXXX  10:09:29 AM 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 198 XXXX   25426412 XXXX XX/XX/XXXX  4:15:05 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received.       Buyer Comment (2019-09-06): waive
    XX/XX/XXXX  10:09:39 AM 2 B XX/XX/XXXX FL Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 198 XXXX   25426414 XXXX XX/XX/XXXX  4:15:05 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender acknowledged exception: Allow funds for down payment and closing costs coming from borrowers business accounts vs program requirement that if funds in a business bank or brokerage account have not been transferred to the borrowers person accounts, such funds may not be included in down payment and closing funds. No public records, one closed mortgage reflects paid as agreed

DTI is XX% 29.XXX2XX% < program maximum of 50%

Reserves are 110% of the loan amount + 207 months ($XXXXtotal reserves), 200 months > program requirement of reserves of 110% of the loan amount + 7 months (6 months + 1 additional month for additional investment property owned)
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-05): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  3:43:23 PM 2 B XX/XX/XXXX FL Primary Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 198 XXXX   25426415 XXXX XX/XX/XXXX  4:15:05 PM Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of XXX is less than Guideline representative FICO score of 680.   No public records, one closed mortgage reflects paid as agreed

DTI is XX% 29.XXX2XX% < program maximum of 50%

Reserves are 110% of the loan amount + 207 months ($XXXXtotal reserves), 200 months > program requirement of reserves of 110% of the loan amount + 7 months (6 months + 1 additional month for additional investment property owned)
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-05): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  3:43:32 PM 2 B XX/XX/XXXX FL Primary Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 198 XXXX   25426416 XXXX XX/XX/XXXX  10:41:11 AM Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $854.00 exceeds tolerance of $736.00 plus 10% or $809.60.  Sufficient or excess cure was provided to the borrower at Closing. (0)             XX/XX/XXXX  10:41:11 AM   1 A XX/XX/XXXX FL Primary Purchase Final CD evidences Cure D B D B C B A A Non QM Non QM Yes
XXX 22NQM2 - 213 XXXX   2542XXX8 XXXX XX/XX/XXXX  4:39:47 PM Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Borrower did not receive a copy of Your Home Loan Toolkit Disclosure       Buyer Comment (2019-09-19): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:03:40 PM 2 B XX/XX/XXXX NY Primary Purchase No Defined Cure C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 213 XXXX   2542XXX9 XXXX XX/XX/XXXX  4:39:47 PM Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of 7.25780% or Final Disclosure APR of 7.28300% is in excess of allowable threshold of Prime Mortgage Market Rate 3.60000 + 1.75%, or 5.35000%.  Compliant SubPrime Loan.         Buyer Comment (2019-09-19): XXXX has elected to waive this exception.
    XX/XX/XXXX  6:03:48 PM 2 B XX/XX/XXXX NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B B B A A Non QM Non QM Yes
XXX 22NQM2 - 213 XXXX   25426390 XXXX XX/XX/XXXX  4:39:47 PM Credit Credit Miscellaneous Guideline Credit Exception:   Allow use of EMD $XXXX directly from borrowers business account vs program requirement that if funds in a business bank account  such funds may not be included in down payment or closing funds VOR reflects paid as agreed since inception 7/2017. No public records

Borrower has been self-employed for the past 4 years as the Owner of XXXX), in the same line of business for the past 10 years

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

686 representative FICO score > 640 guideline minimum - 46 points above guideline minimum
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-18): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:06:29 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 213 XXXX   25426391 XXXX XX/XX/XXXX  4:39:47 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for use ot USCIS issued employment Authorization instead of VISA VOR reflects paid as agreed since inception 7/2017. No public records

Borrower has been self-employed for the past 4 years as the Owner of XXXX), in the same line of business for the past 10 years

XX% DTI on this Alt documentation loan < 50% guideline max - XX% below program guideline maximum

686 representative FICO score > 640 guideline minimum - 46 points above guideline minimum
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-18): Client has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  1:06:38 PM 2 B XX/XX/XXXX NY Primary Purchase   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 145 XXXX   25426418 XXXX XX/XX/XXXX  5:28:28 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of XX is less than Guideline PITIA months reserves of 6.00. Verified reserves of XX  are insufficient to cover the guideline required reserves of 6 months. XXXX Income Calculation Analysis noted an exception was required for reserves. However file is missing the lender approved exception with verified compensating factors to allow less than the required 6 months of reserves. Borrower has residual income of $XXXX

Housing payment history clean for 52 months
  Originator

Originator
Reviewer Comment (2019-10-04): Lender approved exception to allow XX months reserves when the guidelines require 6 months.


Buyer Comment (2019-09-17): Please clarify exception.   Worksheet reflects income of $XXXX with expenses at $XXXX for primary residence and $XX for liabilities resulting in XX/XX% ratios.  837 Venice Blvd has positive cash flow of $XXX using current lease agreement for gross rents and applying to Schedule E for expenses and depreciation. (See Page 2 of attachment).    $XXX positive cash flow from REO is not used in qualifying income.
    XX/XX/XXXX  4:10:10 PM 2 B XX/XX/XXXX CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
XXX 22NQM2 - 140 XXXX   25426436 XXXX XX/XX/XXXX  5:06:15 PM Credit Credit Credit Calculation / Analysis Credit Missing Document: Alternative Credit Documentation not provided   File contains an e-mail from the Broker that states an internet fee, electricity and test message fee are included as part of the phone bill however, 24 month verification of the phone bill was not provided. In addition, file contains a 12-month bank statement printout that was translated from Chinese to US dollars however, the printout does not verify account ownership and any payments reflected on this printout cannot be verified as belonging to the borrower. XX%DTI on this Full documentation loan < 50.00% guideline max - XX%below program guideline maximum

Borrower has residual income of $XXXX
  Originator

Originator
Reviewer Comment (2019-09-27): No credit references were provided for the foreign national borrower. Lender approved exception to waive the foreign national alternative credit documentation as required by XXXX foreign national guidelines.


Buyer Comment (2019-09-27): please see exception


Reviewer Comment (2019-09-27): Received a lender exception to waive the foreign national credit report requirement. However, the guidelines require 3 credit reference letters translated to English to verify a 24-month history for each account, if a foreign national credit report is not obtained.

If XXXX is also waiving the 3 credit reference letters, then the exception must state that. Exception remains.


Buyer Comment (2019-09-18): please see exception
    XX/XX/XXXX  2:16:12 PM 2 B XX/XX/XXXX CA Second Home Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 140 XXXX   25426438 XXXX XX/XX/XXXX  5:06:15 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) Consumer(s) Final CD disclosed Closing Date XX/XX/XXXX, however consummation took place on XX/XX/XXXX as indicated by wet signature(s).       Reviewer Comment (2019-09-04): Waive per client request.
    XX/XX/XXXX  10:21:51 PM 2 B XX/XX/XXXX CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
XXX 22NQM2 - 140 XXXX   25426439 XXXX XX/XX/XXXX  5:06:15 PM Compliance Compliance Federal Compliance FACTA FACTA Disclosure Missing FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. Not applicable.       Reviewer Comment (2019-09-05): Waive per client request.
    XX/XX/XXXX  12:32:42 PM 2 B XX/XX/XXXX CA Second Home Purchase   D B D B C B A A Non QM Non QM No
XXX 22NQM2 - 140 XXXX   2542XXX1 XXXX XX/XX/XXXX  5:06:15 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Non-Assumability Rider to the Note was not provided at the time of audit review.       Reviewer Comment (2019-09-04): Waive per client request.
    XX/XX/XXXX  10:21:34 PM 2 B XX/XX/XXXX CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
XXX 22NQM2 - 164 XXXX   2542XXX8 XXXX XX/XX/XXXX  11:46:55 AM Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. The Inital Escrow statement shows and initial deposit of $5821.64, and monthly payments of $957.80. The Final CD has the initial deposit as $5,744.54, and monthly payments of $973.22.       Reviewer Comment (2019-10-10): Waived at client request
    XX/XX/XXXX  11:46:37 AM 2 B XX/XX/XXXX CA Primary Purchase   B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 164 XXXX   2542XXX9 XXXX XX/XX/XXXX  11:46:55 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) The note contains assumption language, and the Final CD indicates the loan is not assumable.       Reviewer Comment (2019-10-10): Waived at client request
    XX/XX/XXXX  11:46:41 AM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 164 XXXX   25426450 XXXX XX/XX/XXXX  11:46:55 AM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed a Closing Date that did not match the actual date of consummation. (FinXX/XX/XXXX) The closing date listed on the final CD isXX/XX/XXXXand the loan closed on XX/XX/XXXX.       Reviewer Comment (2019-10-10): Waived at client request
    XX/XX/XXXX  11:46:45 AM 2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXX 22NQM2 - 210 XXXX   25426465 XXXX XX/XX/XXXX  4:50:41 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX) Initial closing disclosure was electronically received prior to the assume date of the final revised loan estimate       Buyer Comment (2019-09-23): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:13:23 PM 2 B XX/XX/XXXX CA Primary Refinance - Cash-out - Other No Defined Cure B B A A B B A A Non QM Non QM No
XXX 22NQM2 - 204 XXXX   2542XXX2 XXXX XX/XX/XXXX  1:47:17 PM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $519.00 exceeds tolerance of $505.00.  Sufficient or excess cure was provided to the borrower at Closing. (7506)             XX/XX/XXXX  6:39:23 PM   1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other Final CD evidences Cure B A A A B A A A Non QM Non QM Yes
XXX 22NQM2 - 204 XXXX   2542XXX3 XXXX XX/XX/XXXX  1:47:17 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XXXX disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (FinXX/XX/XXXX) Final CD indicates value at $500,000. Appraisal and Desk Review indicate value at  $635,000       Reviewer Comment (2019-09-23): Letter of Explanation & Corrected Closing Disclosure provided.
  XX/XX/XXXX  6:39:40 PM   1 A XX/XX/XXXX CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure B A A A B A A A Non QM Non QM Yes
XXX 22NQM2 - 208 XXXX   25426487 XXXX XX/XX/XXXX  4:50:16 PM Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.         Buyer Comment (2019-09-23): XXXX Elects to waive this exception.
    XX/XX/XXXX  11:11:36 AM 2 B XX/XX/XXXX GA Primary Refinance - Cash-out - Other   B B A A B B B A Non QM Non QM No
XXX 22NQM2 - 208 XXXX   25426488 XXXX XX/XX/XXXX  4:50:16 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided the LO Compensation Disclosure at time of application.       Buyer Comment (2019-09-23): XXXX Elects to waive this exception.
    XX/XX/XXXX  11:11:49 AM 2 B XX/XX/XXXX GA Primary Refinance - Cash-out - Other   B B A A B B B A Non QM Non QM No
XXX 22NQM2 - 208 XXXX   25426489 XXXX XX/XX/XXXX  4:50:16 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XXXX incorrectly disclosed whether the loan allows for Assumption. (FinXX/XX/XXXX) Page 4 of the final CD reflects Assumption is allowed yet the Note does not include assumption verbiage.       Buyer Comment (2019-09-23): XXXX Elects to waive this exception.
    XX/XX/XXXX  11:11:58 AM 2 B XX/XX/XXXX GA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure B B A A B B B A Non QM Non QM Yes
XXX 22NQM2 - 207 XXXX   25426496 XXXX XX/XX/XXXX  4:39:48 PM Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:SecondaXX/XX/XXXX)         Buyer Comment (2019-09-20): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:26:01 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 207 XXXX   25426497 XXXX XX/XX/XXXX  4:39:48 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-09-20): XXXX has elected to waive this exception.
    XX/XX/XXXX  5:26:36 PM 2 B XX/XX/XXXX FL Primary Purchase   C B A A C B A A Non QM Non QM No
XXX 22NQM2 - 212 XXXX   2542XXX5 XXXX XX/XX/XXXX  6:08:06 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Loan amount discrepancy. Note loan amount of $XXXX exceeds Guideline loan amount of . Lender acknowledged exception to allow loan amount of $XXXX vs program maximum of $3,000,000 Guideline variance approved by lender at time of origination. Two open mortgages reflect 0x30 since inception of earliest opened 12/2015. 7 closed mortgages reflect paid as agreed. Perfect credit history since inception of earliest account opened 5/1999. No public records.

Guideline variance approved by lender at time of origination. Borrower has been a self-employed successful mainstream actor for the past 25 years including the role of "XXXXr" on the television series of the same name and "XXXX" on the television series "XXXX"

Guideline variance approved by lender at time of origination.  Reserves are 278 months and program requirement of 12 months

Guideline variance approved by lender at time of origination. Credit score is 786, 66 points > program requirement of 720
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-12): Client elects to waive with compensating factors
    XX/XX/XXXX  11:14:14 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 212 XXXX   2542XXX6 XXXX XX/XX/XXXX  6:08:06 PM Credit Guideline Guideline Issue Guideline LTV/CLTV <= 5%   Lender acknowledged exception to allow LTV of 74.545% vs. program maximum of 70% Guideline variance approved by lender at time of origination. Two open mortgages reflect 0x30 since inception of earliest opened 12/2015. 7 closed mortgages reflect paid as agreed. Perfect credit history since inception of earliest account opened 5/1999. No public records.

Guideline variance approved by lender at time of origination. Borrower has been a self-employed successful mainstream actor for the past 25 years including the role of "XXXX" on the television series of the same name and XXXX on the television series XXXX

Guideline variance approved by lender at time of origination.  Reserves are 278 months and program requirement of 12 months

Guideline variance approved by lender at time of origination. Credit score is 786, 66 points > program requirement of 720
  Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close
Reviewer Comment (2019-09-17): Client elects to waive with compensating factors


Reviewer Comment (2019-09-12): Client elects to waive with compensating factors
    XX/XX/XXXX  9:44:50 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 212 XXXX   2542XXX8 XXXX XX/XX/XXXX  6:08:06 PM Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-09-17): XXXX has elected to waive
    XX/XX/XXXX  9:38:09 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 212 XXXX   2542XXX9 XXXX XX/XX/XXXX  6:08:06 PM Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate XX/XX/XXXX received on or after the date the Closing DisclosureXX/XX/XXXX 12:00:00 AM was received. (InterXX/XX/XXXX)         Buyer Comment (2019-09-17): XXXX has elected to waive
    XX/XX/XXXX  9:38:20 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other No Defined Cure C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 212 XXXX   25426480 XXXX XX/XX/XXXX  6:08:06 PM Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XXXX,  Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX. (XXXX/S-Corp) Personal tax returns provided are not the most recent. Application Date XX/XX/XXXX, Most Recent Tax Return End Date XX/XX/XXXX, Tax Return Due Date XX/XX/XXXX.       Buyer Comment (2019-09-17): XXXX has elected to waive
    XX/XX/XXXX  9:38:31 AM 2 B XX/XX/XXXX NY Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXX 22NQM2 - 205 XXXX   25426491 XXXX XX/XX/XXXX  4:25:58 PM Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date XX/XX/XXXX, Transaction Date:  XX/XX/XXXX Hazard Insurance Policy Effective Date XX/XX/XXXX, Transaction Date:  XX/XX/XXXX CDAIR in file with inspection date of XX/XX/XXXX showing no damage.

102.38 months reserves > 3 months guideline minimum by 99.38 mon

XX%DTI on this J8 documentation loan < 50% guideline max - XX%below program guideline maximum

LTV is 80%, 5% < program maximum of 85%
  Originator

Originator

Originator

Originator
Reviewer Comment (2019-10-02): Client elects to waive the exception with verified compensation factors


Buyer Comment (2019-10-01): Uploaded For Review: Exception for Effective Date of HOI after closing.
No Claims Attestation.
Disaster Report confirming no damage to subject.


Reviewer Comment (2019-09-30): Effective dateXX/XX/XXXXs after consummation dateXX/XX/XXXXPlease provide a corrected HOI policy.


Reviewer Comment (2019-09-30): No additional information provided in trailing docs.


Buyer Comment (2019-09-27): This file does not include a HUD-1 to be certified.

Transaction was as owner occupied.

CD was included in original upload.


Reviewer Comment (2019-09-13): Provide a certified copy of the Final Settlement Statement to confirm actual disbursement date.
    XX/XX/XXXX  2:24:02 PM 2 B XX/XX/XXXX CA Primary Purchase   C B C B B A A A Non QM Non QM No
XXX 22NQM2 - 203 XXXX   25426505 XXXX XX/XX/XXXX  6:08:06 PM Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on XX/XX/XXXX disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (FinXX/XX/XXXX) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing       Reviewer Comment (2019-09-19): Letter of Explanation & Corrected Closing Disclosure provided


Reviewer Comment (2019-09-19): Letter of Explanation and Corrected CD received.  Cure check for $195 and Proof of delivery still required to cure.


Buyer Comment (2019-09-17): Uploaded For Review-LOX-Label-Check-PCCD


Buyer Comment (2019-09-17): Uploaded For Review-PCCD-LOX-Label
  XX/XX/XXXX  7:51:44 AM   2 B XX/XX/XXXX CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 203 XXXX   25426507 XXXX XX/XX/XXXX  6:08:06 PM Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $795.00 exceeds tolerance of $600.00.  Insufficient or no cure was provided to the borrower. (7506) Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $795.00 exceeds tolerance of $600.00.  Missing proof of valid change, insufficient or no cure was provided to the borrower.       Reviewer Comment (2019-09-20): AMC received refund check. Exception Cured.


Buyer Comment (2019-09-19): Uploaded For Review: Label & Check.
Please note that the check is not a separate upload, it is attached to Label


Reviewer Comment (2019-09-19): Letter of Explanation and Corrected CD received.  Cure check for $195 and Proof of delivery still required to cure.


Buyer Comment (2019-09-17): Uploaded For Review-PCCD-LOX-Label
  XX/XX/XXXX  1:22:24 PM   2 B XX/XX/XXXX CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXX 22NQM2 - 203 XXXX   25426509 XXXX XX/XX/XXXX  7:50:43 AM Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $795.00 exceeds tolerance of $600.00.  Sufficient or excess cure was provided to the borrower. (7506) Letter of Explanation and Corrected CD received.  Cure check for $195 and Proof of delivery still required to cure.       Reviewer Comment (2019-09-20): AMC received refund check. Exception Cured.
  XX/XX/XXXX  1:22:09 PM   2 B XX/XX/XXXX CA Primary Purchase   C B A A C B A A Non QM Non QM Yes

 

 
 

                                                                                                                                         
Valuation Report                                                                                                                                    
LOAN INFORMATION ORIGINATION VALUES AVM VALUES DESK REVIEW VALUES DESK TOP REVIEW VALUES BPO VALUES FIELD REVIEW VALUES 2055 VALUES AVE/CMA VALUES HYBRID VALUES UPDATED VALUES UPDATED MULTIPROPERTY VALUES    
Customer loan ID Edgar Loan ID Seller Loan ID Investor Loan Number Note Date Original Loan Amount Sales Price Value for LTV LTV Value Variance Amount LTV Value Variance Percent Appraised Value Appraisal Date Appraisal Valuation Type Second Appraisal Value Second Appraisal Variance Amount Second Appraisal Variance Percent Second Appraisal Date Second Appraisal Type Second Appraisal Company Second Appraisal Confidence Score Appraised Value Variance Amount Variance Percent Company Confidence
Score
Appraisal Date Appraised Value Variance Amount Variance Percent Company Risk Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Aggregate Appraised Value Aggregate Variance Amount Aggregate Variance Percent Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor? Collateral Underwriter Risk Score
XXXX 22NQM2 - 113 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($28,000.00) -3.944% XX/XX/XXXX BPO                 XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 105 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($80,000.00) -4.624%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 106 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 108 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($14,000.00) -2.574%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 107 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 109 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 110 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 111 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($100,000.00) -8.333%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 112 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 115 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 114 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 217 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 216 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 218 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 219 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 220 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                          
XXXX 22NQM2 - 221 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 222 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 223 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 226 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 228 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($25,000.00) -11.111% XXX Moderate XX/XX/XXXX                     XXXX $5,000.00 2.222% XXX XX/XX/XXXX                                                  
XXXX 22NQM2 - 229 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $50,000.00 2.0408XX% XX/XX/XXXX Appraisal                 XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 224 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 231 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 227 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 230 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 225 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 232 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 233 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 234 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 235 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 215 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 236 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 237 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 292 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($18,000.00) -3.727%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 238 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 239 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 241 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 240 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 242 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 243 XXXX   XX/XX/XXXX $XXX $XXX XXXX $40,000.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Appraisal                 XXXX $40,000.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 245 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Appraisal                 XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 244 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 246 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 247 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 248 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($558,000.00) -100.000%     XX/XX/XXXX           XXXX ($40,100.00) -7.186%   XX/XX/XXXX                                                            
XXXX 22NQM2 - 250 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX       High XX/XX/XXXX                     XXXX $0.00 0.000%   XX/XX/XXXX                                                  
XXXX 22NQM2 - 251 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 249 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $5,000.00 1.124%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 252 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 253 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 255 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 254 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($35,000.00) -4.930%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 256 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 257 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 259 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 258 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 261 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 260 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 262 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 264 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 265 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($25,000.00) -7.463%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 266 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 267 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 268 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 269 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 270 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($195,000.00) -100.000%   Indeterminate XX/XX/XXXX                     XXXX $0.00 0.000%   XX/XX/XXXX                                                  
XXXX 22NQM2 - 271 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 272 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 273 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 274 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 275 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 277 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 263 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 278 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                                
XXXX 22NQM2 - 276 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 279 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 280 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 283 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 281 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $70,000.00 9.333% XX/XX/XXXX Appraisal                 XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 282 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 284 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 285 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 286 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 288 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 287 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 289 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 290 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($900.00) -0.209%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 291 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 99 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $4,000.00 2.395% XX/XX/XXXX AVM                 XXXX                                                                                          
XXXX 22NQM2 - 98 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($16,000.00) -5.333% XX/XX/XXXX AVM                 XXXX                                                                                          
XXXX 22NQM2 - 100 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX                                                                                          
XXXX 22NQM2 - 101 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX                                                                                          
XXXX 22NQM2 - 103 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX                                                                                          
XXXX 22NQM2 - 91 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX                                                                                          
XXXX 22NQM2 - 102 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX                                                                                          
XXXX 22NQM2 - 93 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($7,000.00) -2.518% XX/XX/XXXX AVM                 XXXX                                                                                          
XXXX 22NQM2 - 104 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 94 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX                                                                                          
XXXX 22NQM2 - 214 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($338,000.00) -38.409% XX/XX/XXXX AVM                 XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 92 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($7,000.00) -2.188% XX/XX/XXXX AVM                 XXXX                                                                                          
XXXX 22NQM2 - 3 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 1 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 10 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $630,000.00 38.889% XX/XX/XXXX Appraisal                 XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 13 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($15,000.00) -7.692%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 9 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 8 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Appraisal                 XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 12 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 5 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 117 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000% XXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 19 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 96 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($32,000.00) -5.XX% XX/XX/XXXX AVM                 XXXX $0.00 0.000%     XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 23 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 15 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 20 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $113,000.00 22.28XX%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 25 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 18 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 11 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 95 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review                 XXXX                                                                                       N/A  
XXXX 22NQM2 - 28 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 43 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 39 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 36 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 97 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%     XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 2 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 27 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 34 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 37 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 41 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 35 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 22 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($9,000.00) -1.252%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 21 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $185,000.00 9.661% XX/XX/XXXX Appraisal                 XXXX $185,000.00 9.661%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 45 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $10,000.00 0.426% XX/XX/XXXX Appraisal                 XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 32 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 17 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 48 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 4 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 33 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 42 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 38 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 7 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 47 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 59 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 44 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 60 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 16 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 77 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX ($30,000.00) -5.172%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 56 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 40 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 63 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 67 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 55 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 52 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 53 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 75 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 49 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 70 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 66 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A 3.00
XXXX 22NQM2 - 46 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             No  
XXXX 22NQM2 - 69 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $30,000.00 5.26315XX% XX/XX/XXXX Appraisal                 XXXX $30,000.00 5.263%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 64 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $5,000.00 0.322% XX/XX/XXXX Appraisal                 XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 51 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 72 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 50 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 73 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 58 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 65 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A 1.80
XXXX 22NQM2 - 14 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 24 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A 1.00
XXXX 22NQM2 - 62 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 29 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A 2.20
XXXX 22NQM2 - 81 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             No  
XXXX 22NQM2 - 68 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 79 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 71 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             No  
XXXX 22NQM2 - 74 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A 2.10
XXXX 22NQM2 - 84 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 80 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 26 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 31 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 86 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 57 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 78 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 6 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             No  
XXXX 22NQM2 - 76 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A 3.00
XXXX 22NQM2 - 82 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 61 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $30,000.00 2.0408XX% XX/XX/XXXX Appraisal                 XXXX $30,000.00 2.040XX%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 88 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 85 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 89 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             No  
XXXX 22NQM2 - 83 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             No 2.10
XXXX 22NQM2 - 54 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 87 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 90 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Moderate XX/XX/XXXX                                                                             N/A 1.20
XXXX 22NQM2 - 30 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%   Low XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 116 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX $0.00 0.000%                                                                                      
XXXX 22NQM2 - 120 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 129 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 128 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 122 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 130 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 127 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 131 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 133 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 137 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 136 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $500,000.00 4.167% XX/XX/XXXX Appraisal XXXX               XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 125 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 121 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $10,000.00 0.457% XX/XX/XXXX Appraisal XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 118 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 119 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 123 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Field Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 126 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($20,000.00) -4.878% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 124 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 143 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 132 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Appraisal XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 134 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 135 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 141 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 151 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 4.50
XXXX 22NQM2 - 144 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 154 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 148 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 4.40
XXXX 22NQM2 - 146 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.80
XXXX 22NQM2 - 147 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 152 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.20
XXXX 22NQM2 - 160 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 172 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 155 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $15,000.00 2.222% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.00
XXXX 22NQM2 - 157 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 158 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Appraisal XXXX               XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 170 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       No  
XXXX 22NQM2 - 150 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 165 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 162 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 153 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 194 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 169 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 179 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 174 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $100,000.00 34.483% XX/XX/XXXX Appraisal XXXX               XXXX $0.00 0.000% XXX   XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 159 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.30
XXXX 22NQM2 - 156 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.20
XXXX 22NQM2 - 161 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 167 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 3.10
XXXX 22NQM2 - 173 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 3.10
XXXX 22NQM2 - 166 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 163 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 3.00
XXXX 22NQM2 - 182 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Appraisal XXXX               XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                             N/A 1.20
XXXX 22NQM2 - 171 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 175 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 168 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 176 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 1.50
XXXX 22NQM2 - 191 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 192 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 3.90
XXXX 22NQM2 - 180 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 178 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 195 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 202 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $100,000.00 1.852% XX/XX/XXXX Appraisal XXXX               XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 193 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 181 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 186 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.20
XXXX 22NQM2 - 185 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.30
XXXX 22NQM2 - 183 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 184 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 189 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $125,000.00 8.333% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 188 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 196 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($141,000.00) -3.719% XX/XX/XXXX Appraisal XXXX               XXXX ($141,000.00) -3.719% XXX Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 187 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.00
XXXX 22NQM2 - 138 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 199 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 211 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 209 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.10
XXXX 22NQM2 - 142 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 200 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 206 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 201 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 177 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 190 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 2.20
XXXX 22NQM2 - 139 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 197 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 198 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 213 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 149 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 145 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 140 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 164 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 210 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 204 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 208 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 1.00
XXXX 22NQM2 - 207 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($15,000.00) -2.655% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
XXXX 22NQM2 - 212 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $1,250,000.00 22.727% XX/XX/XXXX Appraisal XXXX               XXXX $0.00 0.000% XXX Moderate XX/XX/XXXX                                                                             N/A  
XXXX 22NQM2 - 205 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX ($10,000.00) -0.943% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A 1.90
XXXX 22NQM2 - 203 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal XXXX $0.00 0.000% XX/XX/XXXX Desk Review XXXX               XXXX                                                                                       N/A  
  XXXX   XXXX  

 

 
 

                                                                                                                                                                                                                                                                                                                           
ASF Addendum - Business Purpose                                                                                                                                                                                                                                                                                                                            
Customer loan ID Edgar Loan ID Seller Loan ID Investor Loan Number Seller Name Originator Name Guideline Author Loan Program Loan Program Date Documentation Type Executed NOO Docs in File Lease In Place Flag Actual In Place Rent Third Party Market Rent Estimate Third Party Rent Source Rental Income Used for Property DSCR Calculation Rental Source for Property DTI Calculation Calculated Monthly Debt Property DTI Investor DTI  Net Operating Income Total Debt Service DSCR Total DSCR PITIA Lease End Date Original Lease Term Lease End Date Unit 2 Original Lease Term Unit 2 Lease End Date Unit 3 Original Lease Term Unit 3 Lease End Date Unit 4 Original Lease Term Unit 4 Lease End Date Unit 5 Original Lease Term Unit 5 Rent Loss Insurance Rent Loss Insurance Amount HOA Flag HOA Monthly Premium Amount Monthly Property Tax Monthly Insurance Cost Asset Verification Blanket Mortgage Flag Number of Mortgaged Properties With Lender Number of Properties Foreign National Alternative Credit Documentation Foreign National Borrower 1 Foreign National Borrower 2 Investor Type Months Reserves Number of Years Property Owned Borrower Residency Status Co Borrower Residency Status Qualifying Credit Score Months Bankruptcy 7 11  Months Bankruptcy 13  Months Deed in Lieu Months Short Sale or Pre FC  Prior Mtg Rent Late 30d in 12m  Prior Mtg Rent Late 60d in 12m  Prior Mtg Rent Late 90d in 12m  Prior Mtg Rent Late 30d in 24m  Prior Mtg Rent Late 60d in 24m  Prior Mtg Rent Late 90d in 24m  Section 8 Street Address Borrower 1 Type Borrower 1 Designation Borrower 1 First Name Borrower 1 Last Name Borrower 1 Number of Mortgaged Properties Borrower 1 Citizenship Borrower 1 Country Name Borrower 1 Asset Verification Level Borrower 1 Credit Order Date Borrower 1 Experian FICO Borrower 1 Equifax FICO Borrower 1 Trans Union FICO Borrower 2 Type Borrower 2 Designation Borrower 2 First Name Borrower 2 Last Name Borrower 2 Number of Mortgaged Properties Borrower 2 Citizenship Borrower 2 Country Name Borrower 2 Asset Verification Level Borrower 2 Credit Order Date Borrower 2 Experian FICO Borrower 2 Equifax FICO Borrower 2 Trans Union FICO Borrower 3 Designation Borrower 3 First Name Borrower 3 Last Name Borrower 3 Number of Mortgaged Properties Borrower 3 Citizenship Borrower 3 Country Name Borrower 3 Asset Verification Level Borrower 3 Credit Order Date Borrower 3 Experian FICO Borrower 3 Equifax FICO Borrower 3 Trans Union FICO Borrower 4 Designation Borrower 4 First Name Borrower 4 Last Name Borrower 4 Number of Mortgaged Properties Borrower 4 Citizenship Borrower 4 Country Name Borrower 4 Asset Verification Level Borrower 4 Credit Order Date Borrower 4 Experian FICO Borrower 4 Equifax FICO Borrower 4 Trans Union FICO Personal Guarantee Guarantor 1 First Name Guarantor 1 Last Name Guarantor 1 Number of Mortgaged Properties Guarantor 1 Citizenship Guarantor 1 Country Name Guarantor 1 Asset Verification Level Guarantor 1 Credit Order Date Guarantor 1 Experian FICO Guarantor 1 Equifax FICO Guarantor 1 Trans Union FICO Guarantor 2 First Name Guarantor 2 Last Name Guarantor 2 Number of Mortgaged Properties Guarantor 2 Citizenship Guarantor 2 Country Name Guarantor 2 Asset Verification Level Guarantor 2 Credit Order Date Guarantor 2 Experian FICO Guarantor 2 Equifax FICO Guarantor 2 Trans Union FICO Borrower 1 Employment Status Borrower 2 Employment Status Loan Application Date Sales Contract Date Qualifying Home Value for LTV Number of Units Year Built Total Sq Ft Number of Bedrooms Number of Bathrooms Property Condition Acquisition Cost Renovation Cost Effective Gross Income Turnover Costs Repairs and Maintenance Marketing and Leasing Costs Utilities Other Costs Cap Ex Reserve Investment Property Original As Is LTV As Is Value After Repair Value After Repair Value LTV Loan to Cost Original Sales Price Assignment Fee Loan to Purchase Price SBC Occupancy Investment Property Type
XXXX 22NQM2 - 219 XXXX   XXXX XXXX       Full No             $742.84             $742.84                         Yes $60.00 8XX $27.08 Level 4-Stated/Verified as defined       No No No   3   US Citizen US Citizen 696 67.92       0 0 0 0 0 0   xxxx     xxxx xxxx 1 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 699 693 736     xxxx xxxx 1 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 697 696 685                                             No                                         Employed Employed XX/XX/XXXX   $100,000.00 1 1962 1008 2 2 C4     $5,859.32               $100,000.00                
XXXX 22NQM2 - 224 XXXX   XXXX XXXX       Full No             $1,345.26             $1,345.26                         Yes $240.00 $175.00 $27.58 Level 4-Stated/Verified as defined       No No     56.02   US Citizen   759         0 0 0 0 0 0   xxxx     xxxx xxxx 6 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 759 773 750                                                                     No                                         Employed   XX/XX/XXXX   $168,000.00 1 1984 1035 3 2 C3 $168,000.00   $13,776.94               $172,000.00           0.75000%    
XXXX 22NQM2 - 227 XXXX   XXXX XXXX       Full No             $1,380.67             $1,380.67                         Yes $250.00 $171.88 $24.50 Level 4-Stated/Verified as defined       No No     5XX    US Citizen   793         0 0 0 0 0 0   xxxx     xxxx xxxx 2 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 783 799 793                                                                     No                                         Employed   XX/XX/XXXX   $165,000.00 1 1993 1281 3 2 C3 $165,000.00   $14,620.58               $165,000.00           0.XX%    
XXXX 22NQM2 - 225 XXXX   XXXX XXXX       Full No             $1,188.79             $1,188.79                         No   $158.96 $62.67 Level 4-Stated/Verified as defined       No No     8.14   US Citizen   709       49.32 0 0 0 0 0 0   xxxx     xxxx xxxx 1 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 734 709 636                                                                     No                                         Employed   XX/XX/XXXX   $180,000.00 1 1946 1030 2 1 C3     5XXX               $180,000.00                
XXXX 22NQM2 - 233 XXXX   XXXX XXXX       Full No             $1,246.43             $1,246.43                         Yes $230.00 $174.10 $30.25 Level 4-Stated/Verified as defined       No No No   39.88   US Citizen US Citizen 643   18.6     0 0 0 0 0 0   xxxx     xxxx xxxx 2 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 685 685 632     xxxx xxxx 2 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 650 641 643                                             No                                         Employed Retired XX/XX/XXXX   $160,000.00 1 1992 1340 2 2   $160,000.00   $8,566.72               $160,000.00           0.70000%    
XXXX 22NQM2 - 244 XXXX   XXXX XXXX       Full No             $1,146.73             $1,146.73                         Yes $375.00 $37.40 $43.25 Level 4-Stated/Verified as defined       No No     189.88   US Citizen   802         0 0 0 0 0 0   xxxx     xxxx xxxx 2 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 782 802 807                                                                     No                                         Employed   XX/XX/XXXX   $138,500.00 1 1958 896 2 1   $138,500.00   $12,503.50               $139,000.00           0.75000%    
XXXX 22NQM2 - 268 XXXX   XXXX XXXX       Full No             $6,169.14             $6,169.14                         Yes $590.00 $1,680.00 $67.00 Level 4-Stated/Verified as defined       Yes Yes     150.34   Foreign National             0 0 0 0 0 0   xxxx     xxxx xxxx 2 Foreign National Australia Level 4-Stated/Verified as defined XX/XX/XXXX                                                                           No                                         Employed   XX/XX/XXXX   $960,000.00 1 2016 1438 2 2   $960,000.00   $25,563.09               $975,000.00           0.60000%    
XXXX 22NQM2 - 282 XXXX   XXXX XXXX       Full No             $1,493.43             $1,493.43                         Yes $278.00 $177.00 $53.18 Level 4-Stated/Verified as defined       No No     42.78   US Citizen   781         0 0 0 0 0 0   xxxx     xxxx xxxx 3 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 775 781 793                                                                     No                                         Employed   XX/XX/XXXX   $174,000.00 1 1957 407 0 1   $174,000.00   $15,004.15               $174,000.00           0.XX%    
XXXX 22NQM2 - 103 XXXX   XXXX XXXX       Full No             $1,177.42             $1,177.42                         Yes $50.00 $285.77 $85.92 Level 4-Stated/Verified as defined       Yes Yes     26.6   Foreign National             0 0 0 0 0 0   xxxx     xxxx xxxx 1 Foreign National Hong Kong Level 4-Stated/Verified as defined XX/XX/XXXX                                                                           No                                         Employed   XX/XX/XXXX   $185,000.00 1 2004 1637 4 3   $185,000.00   $6,639.96               $190,000.00           0.70000%    
XXXX 22NQM2 - 9 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $1,841.08             $1,841.08                         Yes $517.00 $288.39 $55.42 Level 4-Stated/Verified as defined       No No     3.21   Permanent Resident Alien   750         0 0 0 0 0 0   xxxx     xxxx xxxx 2 Permanent Resident Alien   Level 4-Stated/Verified as defined XX/XX/XXXX 750 752 740                                                                     No                                         Employed   XX/XX/XXXX   $223,500.00 1 1987 1019 2 2 C3 $223,500.00   $12,916.68               $233,000.00                
XXXX 22NQM2 - 4 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $5,485.62             $5,485.62                         No   $1,281.61 $134.50 Level 4-Stated/Verified as defined       Yes Yes Yes   3.76   Foreign National Foreign National 791         0 0 0 0 0 0   xxxx     xxxx xxxx 2 Foreign National XXXX Level 4-Stated/Verified as defined XX/XX/XXXX 791 791 776     xxxx xxxx 2 Foreign National XXXX Level 4-Stated/Verified as defined XX/XX/XXXX 791 791 795                                             No                                         Employed Unemployed XX/XX/XXXX   $1,432,000.00 1 1957 2247 5 3 C3     $24,615.80               $1,432,000.00                
XXXX 22NQM2 - 77 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $2,761.96             $2,761.96                         No   $572.92 $80.00 Level 3-Stated/Partially Verified       Yes Yes Yes   8.34   Foreign National Foreign National 809         0 0 0 0 0 0   xxxx     xxxx xxxx 6 Foreign National Mexico Level 3-Stated/Partially Verified XX/XX/XXXX 815 809 811     xxxx xxxx 2 Foreign National Mexico Level 3-Stated/Partially Verified XX/XX/XXXX 815 809 808                                             No                                         Employed Unemployed XX/XX/XXXX   $550,000.00 2 2000 1508 4 2 C4 $550,000.00   $27,130.33               $580,000.00                
XXXX 22NQM2 - 50 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $3,930.10             $3,930.10                         Yes $545.00 $708.33 $62.17 Level 4-Stated/Verified as defined       No No     205.54   US Citizen   711         0 0 0 0 0 0   xxxx     xxxx xxxx 3 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 711 711 730                                                                     No                                         Employed   XX/XX/XXXX   $680,000.00 1 1979 1623 2 2.1 C3 $680,000.00   $71,416.00               $680,000.00                
XXXX 22NQM2 - 14 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $2,779.03             $2,779.03                         No   $954.36 $231.50 Level 4-Stated/Verified as defined       No No     221.56   US Citizen   705         0 0 0 0 0 0   xxxx     xxxx xxxx 4 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 685 705 719                                                                     No                                         Employed   XX/XX/XXXX   $345,000.00 4 1925 4350 8 4 Average $345,000.00   $67,827.33                                
XXXX 22NQM2 - 29 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $2,071.22             $2,071.22                         No   $192.43 $64.58 Level 4-Stated/Verified as defined       No No     34.78   US Citizen   712         0 0 0 0 0 0   xxxx     xxxx xxxx 1 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 705 712 717                                                                     No                                         Employed   XX/XX/XXXX   $350,000.00 1 2013 3243 4 3.1 C3 $385,000.00   $46,539.47               $350,000.00                
XXXX 22NQM2 - 81 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $7,808.23             $7,808.23                         No   $3,510.48 $224.83 Level 4-Stated/Verified as defined       No No     5.11   US Citizen   686         0 0 0 0 0 0   xxxx     xxxx xxxx 1 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 686 683 711                                                                     No                                         Employed   XX/XX/XXXX   $4,350,000.00 1 2004 5795 5 5.1 C3 $4,350,000.00   $9,732.32               $4,350,000.00                
XXXX 22NQM2 - 26 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $577.46             $577.46                         No   $152.08 $56.47 Level 4-Stated/Verified as defined       No No     376.86   US Citizen   713         0 0 0 0 0 0   xxxx     xxxx xxxx 11 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 713 676 719                                                                     No                                         Employed   XX/XX/XXXX   $84,000.00 1 1938 1216 3 1 C3     $12,055.33               $84,000.00                
XXXX 22NQM2 - 31 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $560.69             $560.69                         No   $149.46 $33.25 Level 4-Stated/Verified as defined       No No     388.14   US Citizen   713         0 0 0 0 0 0   xxxx     xxxx xxxx 9 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 713 676 719                                                                     No                                         Employed   XX/XX/XXXX   $88,000.00 1 1925 1408 3 2 C3     $11,738.03               $88,000.00                
XXXX 22NQM2 - 6 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $2,593.59             $2,593.59                         No   $461.72 $235.67 Level 4-Stated/Verified as defined       No No     107.69   US Citizen   705         0 0 0 0 0 0   xxxx     xxxx xxxx 1 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 705 697 717                                                                     No                                         Employed   XX/XX/XXXX   $850,000.00 3 1910 3219 8 3 Average     $16,820.74               $850,000.00                
XXXX 22NQM2 - 89 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $980.65             $980.65                         No   $144.80 $49.60 Level 4-Stated/Verified as defined       No No     221.92   US Citizen   693         0 0 0 0 0 0   xxxx     xxxx xxxx 3 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 686 693 709                                                                     No                                         Employed   XX/XX/XXXX   $145,000.00 1 1954 1024 3 1 C3 $145,000.00   $13,469.22               $145,050.00                
XXXX 22NQM2 - 54 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $890.36             $890.36                         No   $194.05 $146.17 Level 1-Not Stated/Not Verified       No N/A No   67.72     US Citizen 654         0 0 0 0 0 0   xxxx     xxxx xxxx 1 N/A   Level 1-Not Stated/Not Verified XX/XX/XXXX           xxxx xxxx 2 US Citizen   Level 1-Not Stated/Not Verified XX/XX/XXXX 654 650 XXX                                             No                                         Unemployed Employed XX/XX/XXXX   $125,000.00 1 1937 932 2 1 C4     $12,976.39               $125,000.00                
XXXX 22NQM2 - 30 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $593.42             $593.42                         No   $152.61 $36.92 Level 3-Stated/Partially Verified       No No     120.26   US Citizen   713         0 0 0 0 0 0   xxxx     xxxx xxxx 11 US Citizen   Level 3-Stated/Partially Verified XX/XX/XXXX 713 676 719                                                                     No                                         Employed   XX/XX/XXXX   $94,000.00 1 1935 1440 4 2.1 C4     $11,371.66               $94,000.00                
XXXX 22NQM2 - 130 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $36,952.78             $36,952.78                         Yes $4,161.00 $3,435.28 $241.92 Level 4-Stated/Verified as defined       No No     130.97   US Citizen   764         0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 52 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 764 775 746                                                                     No                                         Retired   XX/XX/XXXX   $12,040,000.00 1 2018 3201 4 5.1 C1 $12,040,000.00   $207,923.83               $12,100,000.00                
XXXX 22NQM2 - 136 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $54,621.28             $54,621.28                         No   $13,377.72 $4,202.92 Level 1-Not Stated/Not Verified       No   No   42.12     US Citizen 687         0 0 0 0 0 0   xxxx LLC Business Entity xxxx xxxx 1     Level 1-Not Stated/Not Verified         Individual Individual xxxx xxxx 3 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 748 747 763 Individual Susan Buckley 3 US Citizen   Level 3-Stated/Partially Verified XX/XX/XXXX 707 687 684                       No                                         Unemployed Employed XX/XX/XXXX   $12,000,000.00 1 1933 9215 7 6.1 C2     $183,070.78               $12,000,000.00                
XXXX 22NQM2 - 165 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $1,526.74             $1,526.74                         Yes $727.00 $87.67 $23.62 Level 4-Stated/Verified as defined       No No     5.51   US Citizen   751         0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 1 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 774 724 751                                                                     No                                         Employed   XX/XX/XXXX   $129,900.00 1 1970 1016 2 2 C3 $129,900.00   $3,785.54               $131,000.00           0.7XX%    
XXXX 22NQM2 - 168 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $8,118.82             $8,118.82                         No   $1,979.79 $319.17 Level 3-Stated/Partially Verified       No No     34.77   US Citizen   784         0 0 0 0 0 0   xxxx Individual Partner xxxx xxxx 1 US Citizen   Level 3-Stated/Partially Verified XX/XX/XXXX 784 794 764 LLC Business Entity   xxxx 1     Level 4-Stated/Verified as defined                                                     No                                         Employed Unemployed XX/XX/XXXX   $1,700,000.00 1 1983 6600 5 6.1 C2     $24,721.24               $1,700,000.00                
XXXX 22NQM2 - 202 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $26,207.60             $26,207.60                         No   $1,149.68 $1,165.75 Level 4-Stated/Verified as defined       No No     5.3   US Citizen   731         0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 2 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 743 729 731                                                                     No                                         Employed   XX/XX/XXXX   $5,400,000.00 1 2009 6360 7 7.1 C2 $5,550,000.00   $404,399.85               $5,400,000.00           0.6XX%    
XXXX 22NQM2 - 184 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $1,321.20             $1,321.20                         No   $194.53 $73.54 Level 4-Stated/Verified as defined       No No No   85.96   US Citizen US Citizen 752         0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 3 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 752 741 753 Individual Individual xxxx xxxx 3 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 739 774 763                                             No                                         Employed Unemployed XX/XX/XXXX   $245,000.00 1 1961 1170 4 2 C3 $245,000.00   $8,866.01               $245,000.00           0.75000%    
XXXX 22NQM2 - 199 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $1,138.03             $1,138.03                         No   $193.11 $90.74 Level 4-Stated/Verified as defined       No No     70.95   US Citizen   769         0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 5 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 759 769 770                                                                     No                                         Employed   XX/XX/XXXX   $187,000.00 1 1850 1453 3 2 C2     $28,818.61               $187,000.00                
XXXX 22NQM2 - 200 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $1,212.62             $1,212.62                         No   $252.27 $140.92 Level 4-Stated/Verified as defined       No No     39.62   US Citizen   769         0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 5 US Citizen   Level 4-Stated/Verified as defined XX/XX/XXXX 759 769 770                                                                     No                                         Employed   XX/XX/XXXX   $172,000.00 1 1942 1158 3 2 C2     $28,818.00               $172,000.00                
XXXX 22NQM2 - 149 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Alt No             $8,570.27             $8,570.27                         No   $859.58 $403.42 Level 4-Stated/Verified as defined       No No     494.85   Non-Permanent Resident Alien             0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 1 Non-Permanent Resident Alien United Kingdom of Great Britain and Northern Ireland Level 4-Stated/Verified as defined                                                                             No                                         Retired   XX/XX/XXXX   $1,743,000.00 1 1960 2526 2 2 C2 $1,743,000.00   $33,120.69               $1,745,000.00                
XXXX 22NQM2 - 145 XXXX   XXXX XXXX XXXX XXXX XX/XX/XXXX Full No             $7,045.77             $7,045.77                         No   $930.91 $197.15 Level 1-Not Stated/Not Verified       No No     XX    US Citizen   666         0 0 0 0 0 0   xxxx Individual Individual xxxx xxxx 1 US Citizen   Level 1-Not Stated/Not Verified XX/XX/XXXX 666 636 XXX                                                                     No                                         Employed   XX/XX/XXXX   $1,900,000.00 1 1920 1843 3 2 C4     $14,245.35               $1,900,000.00                

 

 
 

Data Compare Summary (Total)
Field Label Loans With Discrepancy Total Times Compared % Variance # Of Loans
# of Units 0 126 0.00% 292
Amortization Term 1 25 4.00% 292
Amortization Type 0 12 0.00% 292
Appraisal Date 4 8 50.00% 292
Appraised Value 4 18 22.22% 292
Balloon Flag 0 8 0.00% 292
Borrower First Name 0 20 0.00% 292
Borrower FTHB 1 11 9.09% 292
Borrower Last Name 0 30 0.00% 292
Borrower Qualifying FICO 0 1 0.00% 292
Borrower Self-Employed? 0 8 0.00% 292
Borrower SSN 1 9 11.11% 292
Cash From Borrower 1 1 100.00% 292
Cash To Borrower 4 4 100.00% 292
City 2 143 1.40% 292
Coborrower First Name 0 2 0.00% 292
Coborrower Last Name 0 2 0.00% 292
Coborrower Qualifying FICO 0 1 0.00% 292
Coborrower Self-Employed? 2 8 25.00% 292
Coborrower SSN 0 2 0.00% 292
Contract Sales Price 4 95 4.21% 292
Doc Type 18 122 14.75% 292
First Interest Rate Change Date 1 1 100.00% 292
First Payment Date 1 17 5.88235294117XXX% 292
Index Type 0 1 0.00% 292
Interest Only 0 19 0.00% 292
Interest Only Period 0 1 0.00% 292
Interest Rate Change Frequency 0 2 0.00% 292
Interest Rate Initial Cap 0 3 0.00% 292
Interest Rate Initial Floor 2 2 100.00% 292
Interest Rate Life Cap 7 7 100.00% 292
Interest Rate Life Max 0 3 0.00% 292
Interest Rate Life Min 0 3 0.00% 292
Interest Rate Periodic Cap 0 3 0.00% 292
Interest Rate Periodic Floor 0 2 0.00% 292
Investor: Qualifying Total Debt Ratio 2 14 14.29% 292
Lien Position 0 26 0.00% 292
Lookback Period 1 2 50.00% 292
LTV Valuation Value 11 113 9.7345132743362XX% 292
Margin 38 117 32.48% 292
Maturity Date 2 11 18.18% 292
MERS Min Number 4 8 50.00% 292
Mod Deferred Balance 0 5 0.00% 292
Mortgage Type 0 1 0.00% 292
Note Date 6 7 85.71% 292
Occupancy 1 138 0.724637681159XX% 292
Original CLTV 3 28 10.71% 292
Original Interest Rate 1 133 0.751879699248XX% 292
Original Interest Rate Period 0 2 0.00% 292
Original Loan Amount 1 141 0.70921985815602XX% 292
Original LTV 3 133 2.26% 292
Original P&I 0 8 0.00% 292
Original Payment Period 0 2 0.00% 292
Original Term 1 133 0.751879699248XX% 292
Origination Company Name 4 8 50.00% 292
Originator Loan Designation 0 5 0.00% 292
Payment Change Frequency 0 2 0.00% 292
Property Type 10 128 7.81% 292
Purpose 0 137 0.00% 292
Refi Purpose 5 38 13.16% 292
Representative FICO 11 132 8.33% 292
Secondary Appraisal Date 3 7 42.86% 292
Secondary Appraised Value 0 1 0.00% 292
State 0 143 0.00% 292
Street 2 32 6.25% 292
Total Cash-out 1 1 100.00% 292
Total Debt Ratio 6 14 42.86% 292
Zip 1 38 XX1578947368XX% 292
Total 170 2,428 7.001XXX44645799% 292

 

 
 

                                                                                     
Loan Level Exception - Disposition                                                                                      
Custemr Loan ID Edgar Loan ID Seller Loan ID Borrower Name Original Loan Amount State Note Date Occupancy Purpose QM Status Overall Grade Credit Grade Credit Exceptions Credit Exception Information Credit Exception Comments Property Grade Property Exceptions Property Exception Information Property Exception Comments Compliance Grade Compliance Exceptions Compliance Exception Information Compliance Exception Comments Compliance Comp Factors Compensating Factors Subject to High Cost - Unable to Test Disposition 2 DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P
XXXX 22NQM2 - 298 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] General - Insufficient funds for Reserves.: Guidelines require $11,172.86  of reserves, and verified reserves are $0.00. 3 months reserves required + 1% outstanding mortgage balances not secured by the subject property for a total of $XXXX. Borrower does not have sufficient funds to meet reserve requirement. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 117.839% DSC , 17.839% > program requirement of 100%

XXX FICO, XXX points > program requirement of 680

Borrower has 4 open and 1 closed mortgage, all 0x30 since inception (7/2005)

Borrower self employed 8 Years, President of XXXX
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 297 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception: borrower is closing 1 additional purchase transaction with XXX and has sufficient funds verified for closing and reserves requirement. However, when combined with the other transaction, borrower is short reserves to meet program requirement of 1% of the mortgages outstanding on mortgage debt not secured by the subject property. Total to be verified for both transactions is $XXXX. Borrower has $XXXX verified. Need additional funds to $XXXX to complete reserve requirement. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 XXX FICO > program requirement of XXX

Borrower has 4 open and 1 closed mortgage all 0x30 since inception (7/2005)

Borrower is self employed for 8 years, XXXX

DSC of 122% > program requirement of 100%
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 293 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 321 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 307 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception: Investor concentration is 75% (6 out of 8) vs program requirement that no more than 50% of total units in the subject property may be renter occupied. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 Borrower is self-employed for 4.5 years

DSC is 117.805% > program requirement of 100%

Experienced investor

FICO is XXX > program requirement of XXX

No public records

Project has no commercial space and no pending litigation

Property is owned free and clear
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 375 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 376 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 301 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Property Eligibility - Subject and Improvements - Guideline Issue:  Property type not allowed per credit guidelines Rural properties not allowed. REVIEWER - WAIVED COMMENT (2018-10-29): Client elects to waived based on compensating factors 1                 LTV 55%

263 months of reserves

property is rented

DSCR 1.20%,
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 302 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 310 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Debt Consolidation   2 2 [2] Miscellaneous - Credit Exception: Need written lease agreement per guidelines - Per appraisal, all unites Tenant occupied - Provide copies of current rental agreement(s) for properties located at XXXX need all 3 units.Per borrower LOE all leases are Verbal, Month to Month and borrower received cash. Lender exception request in file. Missing signed approved exception. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 183.819% DSC, 83.819% > program requirement of 100%

22.56 months reserves, 19.56 months > program requirement of 3 months

FICO is XXX > program requirement of XXX

Mortgage history is 0x30 since inception 3/2017, no public records

Paying off an interest only mortgage

Self employed as owner of XXX since XXX/XX/XXXX
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 318 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 308 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: There is a single entity that owns 29.76% of the total unit in the project (25 out of 84). All units are rented. Exception is for single entity ownership of 29.7% vs program requirement that no single entity (individual, partnership, LLC or Corporation) may own more than 15% of  total units in the Subject Project (other than the original developer or sponsor). REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 XXX FICO, XXX points > program requirement XXX

8.35 months reserves 5.35 months > 3 months minimum required

Borrower is self employed 5 yrs, asXXXX

Long established condo, project first marketed 2004. Project has no commercial space and no pending litigation

Property is owned free and clear, No public records. Experienced investor
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 316 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 300 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow mortgage history of 1x30 (12/2017) on another property vs program requirement of maximum permitted mortgage delinquency is 0x30x12. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 Borrower self employed for 15 years as an investor

FICO score of XXX > program requirement of 660

LTV of 52.342% < program requirement of 70%

No public records

Paying off a balloon note mortgage
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 309 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 313 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 320 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 319 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 311 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 306 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 303 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 323 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 326 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 337 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 328 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 299 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 327 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] General - FICO score is less than required by guidelines.  Investor requirements for minimum FICO score have not been met. XXX FICO< 680 minimum for 70% LTV. Lender approved. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 96 months. 93 months > program requirement of 3 months

DSC 108.986%, 8.986% > program requirement of 100%

Excellent mortgage payment history, 0x30 since inception.

Self-employed 4 years 7 months, owner of XXX
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 304 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 344 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Debt Consolidation   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 315 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 350 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 314 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 340 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 342 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Rate/Term   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 329 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 352 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 349 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 338 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow for 72% LTV vs program maximum of 70% REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 15 months reserves > program requirement of 3 months

Borrower has been a self-employed contractor for the past 10 years

DSC of 130% > program requirement of 100%

Low balance to limit ratio on revolving non-mortgage debts
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 331 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 335 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XXX/XX/XXXX
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 Appraisal datedXXX/XX/XXXX with no damaged dated after declared incident XX/XX/XXXX.   - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 325 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow loan amount of $XXX vs program minimum of $75,000. Actual loan amount at final approval is $XXX. Please provide corrected exception at a $XXX loan amount. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Lender provided a revised exception approval for Loan amount of  [Redacted]
1                 88 months reserves > program requirement of 3 months

Borrower has been self-employed as Owner of XXXX for the past 5 years

DSC of 235% > program requirement of 100%

FICO of 760 > program requirement of 720

Perfect credit history with no late payments and low balance to limit ratios on most tradelines
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 296 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Debt Consolidation   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 339 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Rate/Term   2 2 [2] Miscellaneous - Credit Exception: Bank statements in file from XXX are in the name of XXX.  No LLC documentation was provided in file to reflect borrower relationship to business. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the LLC documents with borrower listed as principal and agent of LLC however no CPA letter stating use of funds with not negatively impact company. Exception remains.
1                 11.72 months reserves, 8.72  months > program requirement of 3 months

73.12% LTV, 6.88% < program maximum  of 80%

Borrower has been employed asXXX for the past 5 years

Borrower has excellent mortgage payment history going back a full 184 months (since 2/2003) and has not had any credit lates past 59 months (since 7/2013)

Credit Score XXX, XXX points > program requirement of 680

DSC is 110%, 10% > program requirement of 100%
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 351 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow for loan amount of $XXXvs program minimum of $75,000. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement bases on compensating factors. 1                 60 months reserves > program requirement of 3 months

DSC of 110% > program requirement of 100%

No credit late payments in the last 44 months
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 341 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 336 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow loan amount of $XXX vs program minimum of $75,000 REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 Borrower is self-employed; owner of XXXX

FICO of XXX > program requirement of 680

No public records
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 305 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                 DSC of 118% > program requirement of 100%

Excellent mortgage payment history. Borrower has 2 open and 2 closed mortgages, all reporting 0x30

No public records
  - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 322 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 348 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 317 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception. Borrower's spouse is selling a home and the proceeds from the sale will be given to our borrower and used for the purchase of the subject property. Our borrower is not on title to the spouse's home. Borrower has approximately $5,000 own funds. Exception is for use of gift funds for down payment, closing costs and excess reserves and for our borrower not contributing 5% of own funds vs program requirement that gift funds are not permitted on investment property transactions. (XXXX) REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 13 months reserves > program requirement of 3 months

DSC of 144% > program requirement of 100%

FICO of XXX > program requirement of XXX

No public records
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 312 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 332 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 330 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception for investor concentration of 51.51% (17 out of 33 units) vs program requirement that no more than 50% of total units in the subject property may be renter occupied. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 Experienced investor

FICO of XXX > program requirement of XXX

Long established condo. Project first marketed in XXXX

Mortgage history is 0x30 since inception (5/2006)

No commercial space in the project , no pending litigation and no single entity owns more than 15%

Property is owned free and clear

Reserves of 75 months > program requirement of 3 months
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 345 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Rate/Term   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 355 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 359 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 365 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 354 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 347 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 334 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception. Condo project does not have an allowance for reserves vs program requirement that the homeowner association's current annual budget must include an allowance for capital reserves of not less than 5% of the total expenditures included in such budget. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 88 months reserves > program requirement of 3 months

DSC of 136% > program requirement of 100%

Experienced investor

FICO of XXX > program requirement of XXX

Long established condo; project first marketed in 1995

Mortgage history of 0x30 since inception (5/2006)

No commercial space in the project; no pending litigation and no single entity owns more than 15%

Property is owned free and clear
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 363 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 360 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow loan amount of $XXX vs program requirement of a minimum loan amount of $75,000 REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 101 months reserves > program requirement of 3 months

Borrower has a perfect credit history with no late payments and perfect mortgage history going back a full 23 months

DSC of 147% > program requirement of 100%

FICO of XXX > program requirement of XXX
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 353 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 368 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to allow appraiser supported XXXX seasonal rental REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 38 months reserves > program requirement of 3 months

Borrower has 4 open and 8 closed mortgages all reporting 0x30 since inception (6/2014)

Borrower is self-employed as XXXX for the past 6 years

Experienced investor

FICO of 760 > program requirement of 680

No late payments on credit report and no public records
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 294 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 295 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 362 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 366 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Application / Processing - FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.: Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XXX/XX/XXXX
  REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 Appraisal dated XX/XX/XXXX with no damage dated after the declared disaster date of XX/XX/XXXX.   - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 333 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 324 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Letter for self-employment ownership and use of business funds is from a tax prepare vs program guideline requiring it be verified from a CPA. Lender approved exception. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 7.6 months of reserves ($23,972.66), 4.6 months > program requirement of 3 months

FICO of XXX > program requirement of XXX

DSC 153%, 53% > program requirement of 100%

Last credit late payment was 44 months ago (10/2014) and low balance to limit ratios on all revolving accounts.
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 364 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 361 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 356 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 358 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 370 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 343 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 357 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 369 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 367 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 346 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception:
[2] AUS Discrepancy / Guidelines Discrepancy - Guideline Requirement: PITIA reserves months discrepancy.: Calculated PITIA months reserves of 4.60 is less than Guideline PITIA months reserves of 6.00.
Lender Approved Exception. Basement Stove with an estimated cost to cure of $500.00 Allow Stove to remain in basement and not be capped.
Lender approved exception to allow reserves of 3 months vs program requirement of 6 months.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
1                 Borrower in same line of work 6 years as a XXX

FICO of XXX > program requirement of 680

DSC is 118% > program requirement of 110%

No public records, good mortgage payment history, no late payments since inception
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 374 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception to not require a CPA letter stating the withdrawal of funds will not have a negative impact on the business. REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors. 1                 243.23 months reserves > 3 months guideline minimum

Borrower is self employed as owner of XXX for 11 years.

FICO of XXX > program requirement of 680

Good mortgage payment history, 2 open mortgages with no late payments since inception.
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 371 XXXX XXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX 22NQM2 - 372 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Closing / Title - Missing Document: Closing Protection Letter not provided Loan file does not contain a Closing Protection Letter REVIEWER - WAIVED COMMENT (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
REVIEWER - GENERAL COMMENT (2018-10-29): Seller provided the E&O policy with 2,000,000 coverage and 10,000 deductible > 5,000 maximum .Lender acknowledged exception provided.
1                 70% LTV < 80% guideline max

Credit Score XXX, XXX points > program requirement of 680

DSC is 146%. 46% > program requirement of 100%
  - B B B B B           A A A A A B B B B B
XXXX 22NQM2 - 373 XXXX XXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A

 

 
 

                                                               
Exception Grades                                                            
Customer Loan ID Edgar Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade Exception Level Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Final Loan Grade
Credit
Final Loan Grade
Compliance
Final Loan Grade
Property
Final Loan Grade
Originator QM ATR Status TPR QM ATR Status Is Curable
XXXX 22NQM2 - 298 XXXX   25424210 XXXX XXX/XX/XXXX  2:25:34 PM Credit Fix and Flip General Fix and Flip Insufficient funds for Reserves. Guidelines require $11,172.86  of reserves, and verified reserves are $0.00. 3 months reserves required + 1% outstanding mortgage balances not secured by the subject property for a total of $XXXX. Borrower does not have sufficient funds to meet reserve requirement. 117.839% DSC , 17.839% > program requirement of 100%

Borrower self employed 8 Years, President of XXXX

Borrower has 4 open and 1 closed mortgage, all 0x30 since inception (7/2005)

XXX FICO, XXX points > program requirement of 680
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  12:00:09 PM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 297 XXXX   25424208 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception: borrower is closing 1 additional purchase transaction with XXX and has sufficient funds verified for closing and reserves requirement. However, when combined with the other transaction, borrower is short reserves to meet program requirement of 1% of the mortgages outstanding on mortgage debt not secured by the subject property. Total to be verified for both transactions is $XXXX. Borrower has $XXXX verified. Need additional funds to $XXXX to complete reserve requirement. Borrower is self employed for 8 years, XXXX

Borrower has 4 open and 1 closed mortgage all 0x30 since inception (7/2005)

XXX FICO > program requirement of XXX

DSC of 122% > program requirement of 100%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  12:42:14 PM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 307 XXXX   25424213 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception: Investor concentration is 75% (6 out of 8) vs program requirement that no more than 50% of total units in the subject property may be renter occupied. Project has no commercial space and no pending litigation

No public records

Experienced investor

Property is owned free and clear

Borrower is self-employed for 4.5 years

FICO is XXX > program requirement of XXX

DSC is 117.805% > program requirement of 100%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  12:15:06 PM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 301 XXXX   25424228 XXXX XXX/XX/XXXX  12:16:05 PM Credit Property - Appraisal Property Eligibility - Subject and Improvements Property - Appraisal Guideline Issue:  Property type not allowed per credit guidelines   Rural properties not allowed. LTV 55%

263 months of reserves

property is rented

DSCR 1.20%,
    Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
    XX/XX/XXXX  2:22:38 PM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 310 XXXX   25424233 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Need written lease agreement per guidelines - Per appraisal, all unites Tenant occupied - Provide copies of current rental agreement(s) for properties located at XXXX need all 3 units.Per borrower LOE all leases are Verbal, Month to Month and borrower received cash. Lender exception request in file. Missing signed approved exception. 183.819% DSC, 83.819% > program requirement of 100%

Self employed as owner of XXX sinceXXX/XX/XXXX

Mortgage history is 0x30 since inception 3/2017, no public records

Paying off an interest only mortgage

22.56 months reserves, 19.56 months > program requirement of 3 months

FICO is XXX > program requirement of XXX
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  2:08:51 PM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Debt Consolidation   B B   A     No
XXXX 22NQM2 - 308 XXXX   25424235 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   There is a single entity that owns 29.76% of the total unit in the project (25 out of 84). All units are rented. Exception is for single entity ownership of 29.7% vs program requirement that no single entity (individual, partnership, LLC or Corporation) may own more than 15% of  total units in the Subject Project (other than the original developer or sponsor). Long established condo, project first marketed 2004. Project has no commercial space and no pending litigation

Property is owned free and clear, No public records. Experienced investor

8.35 months reserves 5.35 months > 3 months minimum required

Borrower is self employed 5 yrs, asXXXX

XXX FICO, XXX points > program requirement XXX
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  1:07:30 PM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 300 XXXX   25424240 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow mortgage history of 1x30 (12/2017) on another property vs program requirement of maximum permitted mortgage delinquency is 0x30x12. Paying off a balloon note mortgage

No public records

Borrower self employed for 15 years as an investor

FICO score of XXX > program requirement of 660

LTV of 52.342% < program requirement of 70%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  3:20:59 PM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 327 XXXX   25424269 XXXX XXX/XX/XXXX  2:25:34 PM Credit Fix and Flip General Fix and Flip FICO score is less than required by guidelines.  Investor requirements for minimum FICO score have not been met.   XXX FICO< 680 minimum for 70% LTV. Lender approved. Excellent mortgage payment history, 0x30 since inception.

Self-employed 4 years 7 months, owner of XXX

DSC 108.986%, 8.986% > program requirement of 100%

96 months. 93 months > program requirement of 3 months
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:00:54 AM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 338 XXXX   25424300 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow for 72% LTV vs program maximum of 70% Borrower has been a self-employed contractor for the past 10 years

Low balance to limit ratio on revolving non-mortgage debts

15 months reserves > program requirement of 3 months

DSC of 130% > program requirement of 100%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:11:42 AM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 335 XXXX   25424307 XXXX XXX/XX/XXXX  2:25:34 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XXX/XX/XXXX
  Appraisal datedXXX/XX/XXXX with no damaged dated after declared incident XX/XX/XXXX.     Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:47:59 AM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 325 XXXX   25424310 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow loan amount of $XXX vs program minimum of $75,000. Actual loan amount at final approval is $XXX. Please provide corrected exception at a $XXX loan amount. Borrower has been self-employed as Owner ofXXXX for the past 5 years

Perfect credit history with no late payments and low balance to limit ratios on most tradelines

88 months reserves > program requirement of 3 months

DSC of 235% > program requirement of 100%

FICO of 760 > program requirement of 720
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Lender provided a revised exception approval for Loan amount of $XXX0.
    XX/XX/XXXX  10:27:32 AM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 339 XXXX   25424316 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Bank statements in file from XXX are in the name of XXX.  No LLC documentation was provided in file to reflect borrower relationship to business. Borrower has been employed asXXX for the past 5 years

Borrower has excellent mortgage payment history going back a full 184 months (since 2/2003) and has not had any credit lates past 59 months (since 7/2013)

11.72 months reserves, 8.72  months > program requirement of 3 months

DSC is 110%, 10% > program requirement of 100%

Credit Score XXX, XXX points > program requirement of 680

73.12% LTV, 6.88% < program maximum  of 80%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller provided the LLC documents with borrower listed as principal and agent of LLC however no CPA letter stating use of funds with not negatively impact company. Exception remains.
    XX/XX/XXXX  10:53:44 AM 2 B XX/XX/XXXX XX Investment Refinance - Rate/Term   B B   A     No
XXXX 22NQM2 - 351 XXXX   25424317 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow for loan amount of $XXXvs program minimum of $75,000. No credit late payments in the last 44 months

60 months reserves > program requirement of 3 months

DSC of 110% > program requirement of 100%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement bases on compensating factors.
    XX/XX/XXXX  5:08:23 PM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 336 XXXX   25424322 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow loan amount of $XXX vs program minimum of $75,000 No public records

Borrower is self-employed; owner of XXXX

FICO of XXX > program requirement of 680
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  5:02:11 PM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 317 XXXX   25424333 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception. Borrower's spouse is selling a home and the proceeds from the sale will be given to our borrower and used for the purchase of the subject property. Our borrower is not on title to the spouse's home. Borrower has approximately $5,000 own funds. Exception is for use of gift funds for down payment, closing costs and excess reserves and for our borrower not contributing 5% of own funds vs program requirement that gift funds are not permitted on investment property transactions. (XXXX) No public records

13 months reserves > program requirement of 3 months

DSC of 144% > program requirement of 100%

FICO of XXX > program requirement of XXX
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  8:57:36 AM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 330 XXXX   25424338 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for investor concentration of 51.51% (17 out of 33 units) vs program requirement that no more than 50% of total units in the subject property may be renter occupied. No commercial space in the project , no pending litigation and no single entity owns more than 15%

Long established condo. Project first marketed in XXXX

Mortgage history is 0x30 since inception (5/2006)

Property is owned free and clear

Experienced investor

Reserves of 75 months > program requirement of 3 months

FICO of XXX > program requirement of XXX
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:11:07 AM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 334 XXXX   25424347 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception. Condo project does not have an allowance for reserves vs program requirement that the homeowner association's current annual budget must include an allowance for capital reserves of not less than 5% of the total expenditures included in such budget. Mortgage history of 0x30 since inception (5/2006)

Property is owned free and clear

Experienced investor

88 months reserves > program requirement of 3 months

FICO of XXX > program requirement of XXX

DSC of 136% > program requirement of 100%

No commercial space in the project; no pending litigation and no single entity owns more than 15%

Long established condo; project first marketed in 1995
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:36:01 AM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 360 XXXX   25424356 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow loan amount of $XXX vs program requirement of a minimum loan amount of $75,000 Borrower has a perfect credit history with no late payments and perfect mortgage history going back a full 23 months

101 months reserves > program requirement of 3 months

FICO of XXX > program requirement of XXX

DSC of 147% > program requirement of 100%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  3:38:50 PM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 368 XXXX   25424359 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow appraiser supported XXXX seasonal rental No late payments on credit report and no public records

Experienced investor

Borrower is self-employed as XXXX for the past 6 years

Borrower has 4 open and 8 closed mortgages all reporting 0x30 since inception (6/2014)

38 months reserves > program requirement of 3 months

FICO of 760 > program requirement of 680
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  11:38:57 AM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 366 XXXX   25424365 XXXX XXX/XX/XXXX  2:25:34 PM Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: WILDFIRES, FLOODING, MUDFLOWS, AND DEBRIS FLOWS
Disaster Declaration Date: XXX/XX/XXXX
  Appraisal dated XX/XX/XXXX with no damage dated after the declared disaster date of XX/XX/XXXX.     Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  11:05:45 AM 2 B XX/XX/XXXX XX Investment Refinance - Cash-out - Other   B B   A     No
XXXX 22NQM2 - 324 XXXX   25424371 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Letter for self-employment ownership and use of business funds is from a tax prepare vs program guideline requiring it be verified from a CPA. Lender approved exception. Last credit late payment was 44 months ago (10/2014) and low balance to limit ratios on all revolving accounts.

FICO of XXX > program requirement of XXX

7.6 months of reserves ($23,972.66), 4.6 months > program requirement of 3 months

DSC 153%, 53% > program requirement of 100%
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  9:56:04 AM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 346 XXXX   25424427 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved Exception. Basement Stove with an estimated cost to cure of $500.00 Allow Stove to remain in basement and not be capped. No public records, good mortgage payment history, no late payments since inception

Borrower in same line of work 6 years as a XXX

FICO of XXX > program requirement of 680

DSC is 118% > program requirement of 110%
    Reviewer Comment (2018-10-29): XXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:44:16 AM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 346 XXXX   25424430 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of 4.60 is less than Guideline PITIA months reserves of 6.00. Lender approved exception to allow reserves of 3 months vs program requirement of 6 months. No public records, good mortgage payment history, no late payments since inception

Borrower in same line of work 6 years as a XXX

FICO of XXX > program requirement of 680

DSC is 118% > program requirement of 110%
    Reviewer Comment (2018-10-29): XXX has elected to waive this exception based on compensating factors.
    XX/XX/XXXX  9:44:24 AM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 374 XXXX   25424425 XXXX XXX/XX/XXXX  2:25:34 PM Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to not require a CPA letter stating the withdrawal of funds will not have a negative impact on the business. Borrower is self employed as owner of XXX for 11 years.

Good mortgage payment history, 2 open mortgages with no late payments since inception.

243.23 months reserves > 3 months guideline minimum

FICO of XXX > program requirement of 680
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.
    XX/XX/XXXX  11:54:54 AM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No
XXXX 22NQM2 - 372 XXXX   25424438 XXXX XXX/XX/XXXX  2:25:34 PM Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided   Loan file does not contain a Closing Protection Letter DSC is 146%. 46% > program requirement of 100%

Credit Score XXX, XXX points > program requirement of 680

70% LTV < 80% guideline max
    Reviewer Comment (2018-10-29): XXX has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller provided the E&O policy with 2,000,000 coverage and 10,000 deductible > 5,000 maximum .Lender acknowledged exception provided.
    XX/XX/XXXX  1:44:31 PM 2 B XX/XX/XXXX XX Investment Purchase   B B   A     No

 

 
 

                                                                                                                                         
Valuation Report                                                                                                                                    
LOAN INFORMATION ORIGINATION VALUES AVM VALUES DESK REVIEW VALUES DESK TOP REVIEW VALUES BPO VALUES FIELD REVIEW VALUES 2055 VALUES AVE/CMA VALUES HYBRID VALUES UPDATED VALUES UPDATED MULTIPROPERTY VALUES    
Customer Loan ID Edgar Loan ID Seller Loan ID Investor Loan Number Note Date Original Loan Amount Sales Price Value for LTV LTV Value Variance Amount LTV Value Variance Percent Appraised Value Appraisal Date Appraisal Valuation Type Second Appraisal Value Second Appraisal Variance Amount Second Appraisal Variance Percent Second Appraisal Date Second Appraisal Type Second Appraisal Company Second Appraisal Confidence Score Appraised Value Variance Amount Variance Percent Company Confidence
Score
Appraisal Date Appraised Value Variance Amount Variance Percent Company Risk Score Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Appraised Value Variance Amount Variance Percent Company Appraisal Date Aggregate Appraised Value Aggregate Variance Amount Aggregate Variance Percent Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor? Collateral Underwriter Risk Score
XXXX 22NQM2 - 298 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 297 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 293 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XXX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XXX/XX/XXXX                                                                                
XXXX 22NQM2 - 321 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 307 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 375 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XXX/XX/XXXX Appraisal                           XXXX XXXX -5.000% XXXX Moderate XXX/XX/XXXX                                                                                
XXXX 22NQM2 - 376 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XXX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XXX/XX/XXXX                                                                                
XXXX 22NQM2 - 301 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 302 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 310 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 318 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 308 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 316 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 300 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 309 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 313 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 320 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 319 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 311 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 306 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 303 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 323 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 326 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 337 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 328 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 299 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 327 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 304 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 344 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX -0.901% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 315 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 350 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 314 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 340 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 342 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 329 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 352 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 349 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 338 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 331 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 335 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 325 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 296 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 339 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 351 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 341 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 336 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 305 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 34.843% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 322 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 348 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 317 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 312 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 332 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 330 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 345 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX -2.387% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 355 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 359 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 365 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 354 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 347 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 334 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 363 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 360 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 353 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 368 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 294 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 295 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 362 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 366 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 333 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 324 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 364 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 361 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 356 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 358 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 370 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 343 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 357 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 369 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX -4.839% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 367 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 346 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 374 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 371 XXXX   XX/XX/XXXX $XXX   XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                
XXXX 22NQM2 - 372 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 3.448% XXXX Moderate XX/XX/XXXX                                                                                
XXXX 22NQM2 - 373 XXXX   XX/XX/XXXX $XXX $XXX XXXX $0.00 0.000% XXXX XX/XX/XXXX Appraisal                           XXXX XXXX 0.000% XXXX Low XX/XX/XXXX                                                                                

 

 
 

                                                                                                                                                                                                                                                                                                                           
ASF Addendum - Business Purpose                                                                                                                                                                                                                                                                                                                            
Customer Loan ID Edgar Loan ID Seller Loan ID Investor Loan Number Seller Name Originator Name Guideline Author Loan Program Loan Program Date Documentation Type Executed NOO Docs in File Lease In Place Flag Actual In Place Rent Third Party Market Rent Estimate Third Party Rent Source Rental Income Used for Property DSCR Calculation Rental Source for Property DTI Calculation Calculated Monthly Debt Property DTI Investor DTI  Net Operating Income Total Debt Service DSCR Total DSCR PITIA Lease End Date Original Lease Term Lease End Date Unit 2 Original Lease Term Unit 2 Lease End Date Unit 3 Original Lease Term Unit 3 Lease End Date Unit 4 Original Lease Term Unit 4 Lease End Date Unit 5 Original Lease Term Unit 5 Rent Loss Insurance Rent Loss Insurance Amount HOA Flag HOA Monthly Premium Amount Monthly Property Tax Monthly Insurance Cost Asset Verification Blanket Mortgage Flag Number of Mortgaged Properties With Lender Number of Properties Foreign National Alternative Credit Documentation Foreign National Borrower 1 Foreign National Borrower 2 Investor Type Months Reserves Number of Years Property Owned Borrower Residency Status Co Borrower Residency Status Qualifying Credit Score Months Bankruptcy 7 11  Months Bankruptcy 13  Months Deed in Lieu Months Short Sale or Pre FC  Prior Mtg Rent Late 30d in 12m  Prior Mtg Rent Late 60d in 12m  Prior Mtg Rent Late 90d in 12m  Prior Mtg Rent Late 30d in 24m  Prior Mtg Rent Late 60d in 24m  Prior Mtg Rent Late 90d in 24m  Section 8 Street Address Borrower 1 Type Borrower 1 Designation Borrower 1 First Name Borrower 1 Last Name Borrower 1 Number of Mortgaged Properties Borrower 1 Citizenship Borrower 1 Country Name Borrower 1 Asset Verification Level Borrower 1 Credit Order Date Borrower 1 Experian FICO Borrower 1 Equifax FICO Borrower 1 Trans Union FICO Borrower 2 Type Borrower 2 Designation Borrower 2 First Name Borrower 2 Last Name Borrower 2 Number of Mortgaged Properties Borrower 2 Citizenship Borrower 2 Country Name Borrower 2 Asset Verification Level Borrower 2 Credit Order Date Borrower 2 Experian FICO Borrower 2 Equifax FICO Borrower 2 Trans Union FICO Borrower 3 Designation Borrower 3 First Name Borrower 3 Last Name Borrower 3 Number of Mortgaged Properties Borrower 3 Citizenship Borrower 3 Country Name Borrower 3 Asset Verification Level Borrower 3 Credit Order Date Borrower 3 Experian FICO Borrower 3 Equifax FICO Borrower 3 Trans Union FICO Borrower 4 Designation Borrower 4 First Name Borrower 4 Last Name Borrower 4 Number of Mortgaged Properties Borrower 4 Citizenship Borrower 4 Country Name Borrower 4 Asset Verification Level Borrower 4 Credit Order Date Borrower 4 Experian FICO Borrower 4 Equifax FICO Borrower 4 Trans Union FICO Personal Guarantee Guarantor 1 First Name Guarantor 1 Last Name Guarantor 1 Number of Mortgaged Properties Guarantor 1 Citizenship Guarantor 1 Country Name Guarantor 1 Asset Verification Level Guarantor 1 Credit Order Date Guarantor 1 Experian FICO Guarantor 1 Equifax FICO Guarantor 1 Trans Union FICO Guarantor 2 First Name Guarantor 2 Last Name Guarantor 2 Number of Mortgaged Properties Guarantor 2 Citizenship Guarantor 2 Country Name Guarantor 2 Asset Verification Level Guarantor 2 Credit Order Date Guarantor 2 Experian FICO Guarantor 2 Equifax FICO Guarantor 2 Trans Union FICO Borrower 1 Employment Status Borrower 2 Employment Status Loan Application Date Sales Contract Date Qualifying Home Value for LTV Number of Units Year Built Total Sq Ft Number of Bedrooms Number of Bathrooms Property Condition Acquisition Cost Renovation Cost Effective Gross Income Turnover Costs Repairs and Maintenance Marketing and Leasing Costs Utilities Other Costs Cap Ex Reserve Investment Property Original As Is LTV As Is Value After Repair Value After Repair Value LTV Loan to Cost Original Sales Price Assignment Fee Loan to Purchase Price SBC Occupancy Investment Property Type
XXXX 22NQM2 - 298 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.15 1.15 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $215,000.00 2 1910 2472     Good $XXX                   $215,000.00     XX%          
XXXX 22NQM2 - 297 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.22 1.22 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX     XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $140,000.00 1 1935 1148     C3 $XXX                 XXX% $150,000.00     XX%     XX%    
XXXX 22NQM2 - 293 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.21 1.21 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX                                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XXX/XX/XXXX   $150,000.00 1 1959 1698     C4                   XXX% $150,000.00                
XXXX 22NQM2 - 321 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.34 1.34 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $315,000.00 1 2008 3908     C3 $XXX                 XXX% $315,000.00     XX%     XX%    
XXXX 22NQM2 - 307 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1073/465 $XXX Rent on Existing Lease $XXX   XX     1.20 1.2 $XXX XX/XX/XXXX 12                 Yes $XXX Yes $XXX $XXX $XXX     XX XX XX   No Experienced Investor XX     XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $195,000.00 1 2007 1432     C3                   XXX% $195,000.00                
XXXX 22NQM2 - 375 XXXX     XXX XXX XXX XX/XX/XXXX Full Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.29 1.29 $XXX XX/XX/XXXX 24                 Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XXX/XX/XXXX   $200,000.00 1 1929 804     C3                   XXX% $200,000.00                
XXXX 22NQM2 - 376 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     2.09 2.09 $XXX XX/XX/XXXX 11                 Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XXX/XX/XXXX   $350,000.00 2 1986 1518     Average                   XXX% $350,000.00                
XXXX 22NQM2 - 301 XXXX     XXX XXX XXX XX/XX/XXXX   Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.21 1.21 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor   XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $225,000.00 1 1983 972     C4   $0.00               XXX% $225,000.00       $XXX        
XXXX 22NQM2 - 302 XXXX     XXX XXX XXX XX/XX/XXXX   Yes Yes $XXX $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.16 1.16 $XXX XX/XX/XXXX 11                 Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor   XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $332,000.00 1 1973 1740     C3                   XXX% $332,000.00                
XXXX 22NQM2 - 310 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.57 1.57 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $245,000.00 3 1892 3045     C3                   XXX% $245,000.00                
XXXX 22NQM2 - 318 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.34 1.34 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   First-Time Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $241,500.00 1 1992 1938     C4 $XXX                 XXX% $260,000.00     XX%     XX%    
XXXX 22NQM2 - 308 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1073/465 $XXX Rent on Existing Lease $XXX   XX     1.11 1.11 $XXX XX/XX/XXXX 12                 N/A   Yes $XXX $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XXX/XX/XXXX   $232,000.00 1 2007 1518     C3                   XXX% $232,000.00                
XXXX 22NQM2 - 316 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     1.45 1.45 $XXX XXX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $565,000.00 4 1914 2640     Average                   XXX% $565,000.00                
XXXX 22NQM2 - 300 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.06 1.06 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $1,750,000.00 3 1899 1710     Average                   XXX% $1,750,000.00                
XXXX 22NQM2 - 309 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.51 1.51 $XXX XX/XX/XXXX 28                 Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $220,000.00 1 1985 1232     C3                   XXX% $220,000.00                
XXXX 22NQM2 - 313 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.10 1.1 $XXX                     Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $465,000.00 2 1919 1813     Average                   XXX% $465,000.00                
XXXX 22NQM2 - 320 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.29 1.29 $XXX XXX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX   XXX XX                                     Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX     XX/XX/XXXX   $360,000.00 2 1923 1976     Very Good                   XXX% $360,000.00                
XXXX 22NQM2 - 319 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.15 1.15 $XXX XXX/XX/XXXX 14                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX   XXX XX                                     Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX     XX/XX/XXXX   $465,000.00 2 1925 1977     Very Good                   XXX% $465,000.00                
XXXX 22NQM2 - 311 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.07 1.07 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             No                                             XX/XX/XXXX XX/XX/XXXX $395,000.00 2 1989 1079     Average $XXX                 XXX% $395,000.00     XX%     XX%    
XXXX 22NQM2 - 306 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.05 1.05 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX   XXX                                       Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX     XX/XX/XXXX   $392,000.00 1 1938 1416     C4                                      
XXXX 22NQM2 - 303 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.05 1.05 $XXX                     Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $480,000.00 1 1950 1374     C3                   XXX% $480,000.00                
XXXX 22NQM2 - 323 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.05 1.05 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   First-Time Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $235,000.00 1 1925 1500     C4 $XXX                 XXX% $237,000.00     XX%     XX%    
XXXX 22NQM2 - 326 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     2.44 2.44 $XXX XXX/XX/XXXX 1                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX   XXX                 XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX     XX/XX/XXXX   $750,000.00 3 1910 2946     Good                   XXX% $750,000.00                
XXXX 22NQM2 - 337 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.05 1.05 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $210,000.00 1 1880 1616     C3                   XXX% $210,000.00                
XXXX 22NQM2 - 328 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.09 1.09 $XXX XX/XX/XXXX 12                 Yes $XXX Yes $XXX $XXX $XXX     XX XX XX   No Experienced Investor XX     XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $650,000.00 1 1987 3187     C3                   XXX% $650,000.00                
XXXX 22NQM2 - 299 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.10 1.1 $XXX                     Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor XX     XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XXX/XX/XXXX XXX/XX/XXXX $670,000.00 4 1928 3240     Average $XXX                 XXX% $670,000.00     XX%     XX%    
XXXX 22NQM2 - 327 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.12 1.12 $XXX XX/XX/XXXX 12                     No   $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $315,000.00 1 2002 1380     C2                   XXX% $315,000.00                
XXXX 22NQM2 - 304 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.29 1.29 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   First-Time Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $123,000.00 1 1951 1278     C3 $XXX                 XXX% $123,000.00     XX%     XX%    
XXXX 22NQM2 - 344 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.20 1.2 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $555,000.00 1 1956 1586     C4                   XXX% $555,000.00                
XXXX 22NQM2 - 315 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.20 1.2 $XXX                     Yes $XXX Yes $XXX $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX XX/XX/XXXX $220,000.00 1 2018 2593     C1 $XXX                 XXX% $220,000.00     XX%     XX%    
XXXX 22NQM2 - 350 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.25 1.25 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $715,000.00 2 2000 1974     C3                   XXX% $715,000.00                
XXXX 22NQM2 - 314 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.08 1.08 $XXX                     Yes $XXX Yes $XXX $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX XX/XX/XXXX $200,000.00 1 2018 2070     C1 $XXX                 XXX% $200,000.00     XX%     XX%    
XXXX 22NQM2 - 340 XXXX     XXX XXX XXX XX/XX/XXXX Full Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.13 1.13 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 3-Stated/Partially Verified   XX XX XX XX No Experienced Investor XX   XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 3-Stated/Partially Verified XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             No                                             XX/XX/XXXX XX/XX/XXXX $185,000.00 1 2005 1940     C4 $XXX                 XXX% $197,000.00     XX%     XX%    
XXXX 22NQM2 - 342 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     2.08 2.08 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $255,000.00 1 1961 2239     C4                   XXX% $255,000.00                
XXXX 22NQM2 - 329 XXXX     XXX XXX XXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.08 1.08 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX   XXX XX                                     Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX     XX/XX/XXXX   $451,000.00 1 1996 2089     C3                   XXX% $451,000.00                
XXXX 22NQM2 - 352 XXXX     XXX       No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     3.72 3.72 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $825,000.00 2 2012 4464     Average $XXX                 XXX% $826,000.00     XX%     XX%    
XXXX 22NQM2 - 349 XXXX     XXX       No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.07 1.07 $XXX                     No   Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $335,000.00 1 1986 2045     C4 $XXX                   $335,000.00     XX%          
XXXX 22NQM2 - 338 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.30 1.3 $XXX XX/XX/XXXX 1                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $320,000.00 1 1906 1439     C2                   XXX% $320,000.00                
XXXX 22NQM2 - 331 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1073/465 $XXX Third Party Rental Source $XXX   XX     1.39 1.39 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $162,000.00 1 1989 884     C3                   XXX% $162,000.00                
XXXX 22NQM2 - 335 XXXX     XXX       No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.38 1.38 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $455,000.00 1 1950 840     C4                   XXX% $455,000.00                
XXXX 22NQM2 - 325 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     2.35 2.35 $XXX XX/XX/XXXX 13                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $84,000.00 2 1925 1640     C3                   XXX% $84,000.00                
XXXX 22NQM2 - 296 XXXX     XXX       No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     1.59 1.59 $XXX XXX/XX/XXXX 36                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $575,000.00 4 1920 5216     Average                   XXX% $575,000.00                
XXXX 22NQM2 - 339 XXXX     XXX       No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.10 1.1 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $532,000.00 2 1921 2600     C3                   XXX% $532,000.00                
XXXX 22NQM2 - 351 XXXX     XXX       No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.10 1.1 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $103,000.00 1 1988 1082     C3                   XXX% $103,000.00                
XXXX 22NQM2 - 341 XXXX     XXX       No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.74 1.74 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX   XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX   XXX                                       Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX     XX/XX/XXXX XX/XX/XXXX $125,000.00 1 1956 1279     C3 $XXX                 XXX% $125,000.00     XX%     XX%    
XXXX 22NQM2 - 336 XXXX     XXX XXX XXX XXXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.47 1.47 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $92,000.00 1 1983 1188     C4 $XXX                 XXX% $92,000.00     XX%     XX%    
XXXX 22NQM2 - 305 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.18 1.18 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $270,000.00 1 1967 2443     C4 $XXX                 XXX% $287,000.00     XX%     XX%    
XXXX 22NQM2 - 322 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.14 1.14 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                       No                                             XX/XX/XXXX XX/XX/XXXX $375,000.00 1 1977 2184     C3 $XXX                 XXX% $385,000.00     XX%     XX%    
XXXX 22NQM2 - 348 XXXX     XXX XXX XXX Sales Guide revisions of March 15 2018 XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.11 1.11 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $475,000.00 1 1989 3163     C3                   XXX% $475,000.00                
XXXX 22NQM2 - 317 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.44 1.44 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $184,900.00 1 1937 1976     C3 $XXX                 XXX% $186,000.00     XX%     XX%    
XXXX 22NQM2 - 312 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.60 1.6 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX                                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $150,000.00 2 1955 1344     C4                   XXX% $150,000.00                
XXXX 22NQM2 - 332 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1073/465 $XXX Rent on Existing Lease $XXX   XX     1.20 1.2 $XXX XXX/XX/XXXX 12                 Yes $XXX Yes $XXX $XXX $XXX     XX XX XX   No Experienced Investor XX     XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $175,000.00 1 1980 972     C3                   XXX% $175,000.00                
XXXX 22NQM2 - 330 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1073/465 $XXX Rent on Existing Lease $XXX   XX     1.07 1.07 $XXX XX/XX/XXXX 12                 Yes $XXX Yes $XXX $XXX $XXX     XX XX XX   No Experienced Investor XX XX   XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX               XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $145,000.00 1 1991 770     C3                   XXX% $145,000.00                
XXXX 22NQM2 - 345 XXXX     XXX XXX XXX Sales Guide revisions of March 15 2018 XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.18 1.18 $XXX XX/XX/XXXX 24                 Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $377,000.00 1 2016 2618     C3                   XXX% $377,000.00                
XXXX 22NQM2 - 355 XXXX     XXX XXX XXX Sales Guide revisions of March 15 2018 XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     1.14 1.14 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $900,000.00 4 1931 3600     C3                   XXX% $900,000.00                
XXXX 22NQM2 - 359 XXXX     XXX XXX XXX XXXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     1.16 1.16 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $1,515,000.00 4 1918 3192     Good                   XXX% $1,515,000.00                
XXXX 22NQM2 - 365 XXXX     XXX XXX XXX Sales Guide revisions of March 15 2018 XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.11 1.11 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $263,000.00 1 2007 2584     C3 $XXX                 XXX% $263,000.00     XX%     XX%    
XXXX 22NQM2 - 354 XXXX     XXX XXX XXX XXXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.08 1.08 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   First-Time Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $442,000.00 1 2016 2661     C2 $XXX                 XXX% $442,000.00     XX%     XX%    
XXXX 22NQM2 - 347 XXXX     XXX XXX XXX Sales Guide revisions of March 15 2018 XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.05 1.05 $XXX XX/XX/XXXX 25                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $445,000.00 1 1946 1518     C4                   XXX% $445,000.00                
XXXX 22NQM2 - 334 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1073/465 $XXX Rent on Existing Lease $XXX   XX     1.36 1.36 $XXX XX/XX/XXXX 12                 Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX                                                             Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $158,300.00 1 1995 990     C3                   XXX% $158,300.00                
XXXX 22NQM2 - 363 XXXX     XXX XXX XXX XXXX XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.41 1.41 $XXX XX/XX/XXXX 36                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX XX       0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $214,000.00 1 1961 1302     C3   $0.00                         $XXX        
XXXX 22NQM2 - 360 XXXX     XXX XXX XXX Sales Guide revisions of March 15 2018 XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.47 1.47 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $94,000.00 1 1978 1014     C3   $0.00               XXX% $94,000.00     XX% $XXX        
XXXX 22NQM2 - 353 XXXX     XXX XXX XXX XXXX XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.08 1.08 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   First-Time Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $270,000.00 1 2005 2928     C3 $XXX $0.00               XXX% $285,000.00     XX%     XX%    
XXXX 22NQM2 - 368 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     4.55 4.55 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX XX/XX/XXXX $181,700.00 1 2008 888     C3 $XXX $0.00               XXX% $200,000.00     XX%     XX%    
XXXX 22NQM2 - 294 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.05 1.05 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XXX/XX/XXXX XXX/XX/XXXX $261,000.00 1 2018 2143     C1 $XXX $0.00                       XX%          
XXXX 22NQM2 - 295 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.05 1.05 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 1 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XXX/XX/XXXX XXX/XX/XXXX $269,560.00 1 2018 2251     C1 $XXX $0.00                       XX%          
XXXX 22NQM2 - 362 XXXX     XXX XXX XXX XXXX XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     2.54 2.54 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX   XXX                         XX/XX/XXXX XX/XX/XXXX $148,000.00 4 1985 4000     Average $XXX $0.00               XXX% $148,000.00     XX%     XX%    
XXXX 22NQM2 - 366 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.52 1.52 $XXX XX/XX/XXXX 40                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX XX XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                             No                                             XX/XX/XXXX   $900,000.00 1 1907 922     C4   $0.00                       XX% $XXX        
XXXX 22NQM2 - 333 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     1.43 1.43 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX No Experienced Investor XX   XX XX XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX   XXX XX               XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX XX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX     XX/XX/XXXX   $192,000.00 2 1979 1840     Average   $0.00                       XX% $XXX        
XXXX 22NQM2 - 324 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.53 1.53 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XXX/XX/XXXX $410,000.00 2 1920 2590     Average $XXX $0.00               XXX% $550,000.00     XX%     XX%    
XXXX 22NQM2 - 364 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.34 1.34 $XXX XX/XX/XXXX 36                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX XX       0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $225,000.00 1 1963 1518     C3   $0.00               XXX% $225,000.00     XX% $XXX        
XXXX 22NQM2 - 361 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1025/72 $XXX Third Party Rental Source $XXX   XX     1.06 1.06 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX   XX     0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $685,000.00 2 1925 1344     Good $XXX $0.00                       XX%          
XXXX 22NQM2 - 356 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.06 1.06 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $1,100,000.00 1 1963 6293     C3   $0.00               XXX% $1,100,000.00     XX% $XXX        
XXXX 22NQM2 - 358 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX No Ratio Yes No   $XXX 1073/465 $XXX Third Party Rental Source $XXX   XX     1.25 1.25 $XXX                     N/A   Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   First-Time Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $110,000.00 1 1970 875     C3 $XXX $0.00               XXX% $110,000.00     XX%     XX%    
XXXX 22NQM2 - 370 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX   Yes Yes $XXX $XXX 1004/70 $XXX Rent on Existing Lease $XXX   XX     1.39 1.39 $XXX XX/XX/XXXX 12                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX   $126,000.00 1 1946 973 2 1 C3   $0.00               XXX% $126,000.00     XX% $XXX        
XXXX 22NQM2 - 343 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX   Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.07 1.07 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $500,000.00 1 1930 1216 3 1 C4 $XXX $0.00               XXX% $500,000.00     XX%     XX%    
XXXX 22NQM2 - 357 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX   Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.17 1.17 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $130,000.00 1 1987 1288 2 1.1 C3   $0.00               XXX% $130,000.00     XX% $XXX        
XXXX 22NQM2 - 369 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX   Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.09 1.09 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   First-Time Investor XX   XX   XXX XX       0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $282,000.00 1 2016 1628 3 2 C1 $XXX $0.00               XXX% $310,000.00     XX%     XX%    
XXXX 22NQM2 - 367 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX   Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     1.61 1.61 $XXX XX/XX/XXXX 24                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 1 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $1,900,000.00 4 1900 2860 5 4 Average   $0.00               XXX% $1,900,000.00     XX% $XXX        
XXXX 22NQM2 - 346 XXXX     XXX XXX XXX Sales Guide revisions of March 15 2018 XX/XX/XXXX   Yes Yes $XXX $XXX 1025/72 $XXX Rent on Existing Lease $XXX   XX     1.18 1.18 $XXX XX/XX/XXXX 13                 Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $480,000.00 2 1960 2430 3 3.1 Average $XXX $0.00               XXX% $500,000.00     XX%     XX%    
XXXX 22NQM2 - 374 XXXX     XXX XXX XXX Sales Guide - I5-I6 - Revised as of 6-19-2018 XX/XX/XXXX   Yes No   $XXX 1073/465 $XXX Third Party Rental Source $XXX   XX     1.15 1.15 $XXX                     N/A   Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $110,000.00 1 2008 1253 2 2 C3 $XXX $0.00               XXX% $111,000.00     XX%     XX%    
XXXX 22NQM2 - 371 XXXX     XXX XXX XXX Sales Guide - I5-I6 - Revised as of 6-19-2018 XX/XX/XXXX   Yes No   $XXX 1073/465 $XXX Third Party Rental Source $XXX   XX     1.40 1.4 $XXX                     Yes $XXX Yes $XXX $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX XX XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX   $141,000.00 1 1981 864 4 1 C3   $0.00               XXX% $141,000.00     XX% $XXX        
XXXX 22NQM2 - 372 XXXX     XXX XXX SP I5 Investor DSC XX/XX/XXXX   Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.46 0.47 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                                                                     No                                             XX/XX/XXXX XX/XX/XXXX $420,000.00 1 1943 2364 4 2 C3 $XXX $0.00               XXX% $435,000.00     XX%     XX%    
XXXX 22NQM2 - 373 XXXX     XXX XXX XXX Sales Guide - I5-I6 - Revised as of 6-19-2018 XX/XX/XXXX   Yes No   $XXX 1004/70 $XXX Third Party Rental Source $XXX   XX     1.05 1.05 $XXX                     Yes $XXX No   $XXX $XXX Level 4-Stated/Verified as defined   XX XX XX XX   Experienced Investor XX   XX   XXX         0 0 0 0 0 0 No XXX XXX XXX XXX XXX XXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX XXX XXX   XXX XXX                                                           Yes XXXX XXXX XXXX XXX   Level 4-Stated/Verified as defined XX/XX/XXXX XXX XXX XXX                         XX/XX/XXXX XX/XX/XXXX $381,000.00 1 1961 2145 4 2 C4 $XXX $0.00               XXX% $381,000.00     XX%     XX%    

 

 
 

Data Compare Summary (Total)
Run Date -XXX/XX/XXXX 5:54:17 PM
Field Label Loans With Discrepancy Total Times Compared % Variance # Of Loans
# of Units 1 84 1.19% 84
Amortization Term 0 2 0.00% 84
Amortization Type 0 2 0.00% 84
Borrower First Name 2 2 100.00% 84
Borrower Last Name 2 2 100.00% 84
Cash To Borrower 0 2 0.00% 84
City 1 84 1.19% 84
Contract Sales Price 0 34 0.00% 84
Doc Type 69 72 95.83% 84
First Payment Date 0 2 0.00% 84
Interest Only 0 2 0.00% 84
Lien Position 0 2 0.00% 84
LTV Valuation Value 2 84 2.38% 84
Margin 30 82 36.59% 84
Maturity Date 0 2 0.00% 84
Occupancy 0 84 0.00% 84
Original CLTV 0 2 0.00% 84
Original Interest Rate 1 84 1.19% 84
Original Loan Amount 0 84 0.00% 84
Original LTV 2 84 2.38% 84
Original P&I 1 2 50.00% 84
Original Term 0 84 0.00% 84
Prepayment Penalty Period (months) 0 2 0.00% 84
Property Type 25 84 29.76% 84
Purpose 0 84 0.00% 84
Refi Purpose 0 50 0.00% 84
Representative FICO 6 84 7.14% 84
State 0 84 0.00% 84
Street 0 2 0.00% 84
Zip 0 2 0.00% 84
Total 142 1,274 11.15% 84

 

 
 

         
Event Status Extract (Loan Grades) - DE-3278          
Edgar Loan ID Loan Number Borrrower Full Name Original Loan Amount Loan Overall Grade Loan Credit Grade Loan Compliance Grade Loan Property Grade
22NQM2 - 558 XXXX XXXX $XXX 2 2 1 1
22NQM2 - 559 XXXX XXXX $XXX 2 1 2 1
22NQM2 - 560 XXXX XXXX $XXX 1 1 1 1
22NQM2 - 561 XXXX XXXX $XXX 1 1 1 1
22NQM2 - 562 XXXX XXXX $XXX 2 2 1 1
22NQM2 - 563 XXXX XXXX $XXX 2 2 1 1
22NQM2 - 564 XXXX XXXX $XXX 2 2 1 1
22NQM2 - 565 XXXX XXXX $XXX 2 2 1 1
22NQM2 - 566 XXXX XXXX $XXX 2 1 2 1

 

 
 

                                       
Exception Standard Report - DE-3278                                        
AMC Loan ID Edgar Loan ID Seller Loan ID Loan Exception ID Exception ID Last Name Purpose Occupancy Note Date State Original Loan Amount Loan Status Exception Date Exception Category Exception Subcategory Exception Type Exception Status Exception Status Change Date Exception Grade Exception Exception Detail Exception Information Compensating Factors Comments
XXXX 22NQM2 - 558 XXXX XXXX XXXX XXXX Purchase Investment XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX AUS Guideline Issue Credit Waived XX/XX/XXXX  6:01:00 PM Guideline Requirement: Qualifying interest rate discrepancy. Bonus income used without a 24 month history.  Lender exception granted   FICO of XXX, Additional $500 a month in allowances not included in DTI, Residual income of $XXX with only $816 required, DTI of 41.161 with 50% allowed per guidelines. Client Waived
XXXX 22NQM2 - 559 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Compliance Federal Compliance Open   Federal HPML Compliant        
XXXX 22NQM2 - 559 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Compliance Federal Compliance Open   RESPA 2010 GFE to Actual Interest Rate Cured at closing      
XXXX 22NQM2 - 562 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Credit Miscellaneous Credit Waived XX/XX/XXXX  10:47:00 PM Credit Exception: Borrower does not own 100% of business(Owns 98%) where funds to close are being sourced from.  Lender Approved Exception   DTI at 43% with guideline maximum at 50%.  $XX in reserves with only 23K required by guidelines. 8-12-2015 Client Waived
XXXX 22NQM2 - 563 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Credit Miscellaneous Credit Waived XX/XX/XXXX  8:00:00 PM Credit Exception: Approved Exception:  Jumbo program requires 24 months payment history.  We have 12 mos verified, she was married previously and the prior mtg was only in her ex spouses name.   39.622% DTI with 43% required by guides, XX% LTV with 85% allowed by guides, 12 months reserves with 6 months required. Client wavied
XXXX 22NQM2 - 563 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Credit Miscellaneous Credit Waived XX/XX/XXXX  8:00:00 PM Credit Exception: Approved Exception:  Allow the use of alimony/child support.  Borrower receives $XX/mo in support.  A couple of months she received slightly less due to off setting additional expenses.   39.622% DTI with 43% required by guides,XX% LTV with 85% allowed by guides, 12 months reserves with 6 months required. Client waived
XXXX 22NQM2 - 564 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Credit Miscellaneous Credit Waived XX/XX/XXXX  2:40:00 PM Credit Exception: Approved Exception: Allow acceptance of transferred appraisal.   1) The residual income $XXX is above the required amount of $XXX 2) The DTI of 45% is below the max of 50%.  The file contains the original appraisal, CDA, field review and a DDR. Client Waived
XXXX 22NQM2 - 565 XXXX XXXX XXXX XXXX Purchase Second Home XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Credit Miscellaneous Credit Waived XX/XX/XXXX  7:13:00 PM Credit Exception: Approved Exception in file for ineligible country - XXXX   Low DTI of 25.78%; XX months verified reserves; XXX/month disposable income 8-10-2015 Client Waived
XXXX 22NQM2 - 566 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Compliance Federal Compliance Open   Federal HPML Compliant        
XXXX 22NQM2 - 566 XXXX XXXX XXXX XXXX Purchase Primary XX/XX/XXXX XX $XXX Post-Close Reviewed with Exceptions XX/XX/XXXX Compliance Federal Compliance Open   RESPA 2010 GFE vs HUD 10 Percent Fees Cured on HUD-1.      

 

 
 

                                         
Rating Agency Compliance  - DE-3278                                          
Customer Loan ID Edgar Loan ID Seller Loan ID Originator Name Lien Position ARM or Fixed Purpose at Origination Occupancy at Origination Origination Date First Payment
Date
State Zip Original Balance Prepayment Penalty Flag Prepayment Terms Compliance Event Compliance Exceptions Credit Exceptions Seasoning > 3 Years S&P
Compliance Grade
Fitch
Compliance Grade
Moodys Compliance Grade DBRS Compliance Grade Subject to Predatory Lending Section 32 Flag HOEPA High Cost Loan State High Cost Loan Alternate Loan ID
XXXX 22NQM2 - 558 XXXX XXXX 1 ARM Purchase Investment XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   1     Yes RA A A A Yes No N/A No  
XXXX 22NQM2 - 559 XXXX XXXX 1 Fixed Purchase Primary XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   2  *** (OPEN) RESPA 2010 GFE to Actual Interest Rate- Cured at closing - Rating - 2;    Yes RB B B B Yes No N/A No  
XXXX 22NQM2 - 560 XXXX XXXX 1 Fixed Purchase Investment XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   1     Yes RA A A A Yes No N/A N/A  
XXXX 22NQM2 - 561 XXXX XXXX 1 Fixed Purchase Primary XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   1     Yes RA A A A Yes No N/A No  
XXXX 22NQM2 - 562 XXXX XXXX 1 ARM Purchase Primary XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   1     Yes RA A A A Yes No N/A No  
XXXX 22NQM2 - 563 XXXX XXXX 1 ARM Purchase Primary XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   1     Yes RA A A A Yes No N/A No  
XXXX 22NQM2 - 564 XXXX XXXX 1 ARM Purchase Primary XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   1     Yes RA A A A Yes No N/A No  
XXXX 22NQM2 - 565 XXXX XXXX 1 Fixed Purchase Second Home XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   1     Yes RA A A A Yes No N/A No  
XXXX 22NQM2 - 566 XXXX XXXX 1 ARM Purchase Primary XX/XX/XXXX XX/XX/XXXX XX XXXX $XXX No   2  *** (OPEN) RESPA 2010 GFE vs HUD 10 Percent Fees- Cured on HUD-1. - Rating - 2;    Yes RA B A A Yes No N/A No  

 

 
 

                                                                                                                                                                                                                           
Compliance - DE-3278                                                                                                                                                                                                                            
Customer Loan ID Edgar Loan ID Borrower Name Borrower SSN Co Borrower Name Co Borrower SSN Address Street Address City Address State Address County Address Zip Escrow State Broker Lender Name Note Date Maturity Date Loan Type Mortgage Type First Payment Date Original Loan Amount Rate Type Original Interest Rate Balloon Flag Original Term Amortization Term Late Charge Percent Late Charge Grace Period Interest Only Period First Interest Rate Change Date First Payment Change Date Next Interest Rate Change Date Next Payment Change Date Margin Initial Rate Cap Periodic Rate Cap Life Rate Cap Life Rate Floor Rate Change Frequency Payment Change Fequency Index Type Occupancy Purpose Appraisal Type Appraisal Date Appraisal Value Contract Sales Price Property Type Lien Position Senior Lien Amount Junior Lien Amount Original LTV Original CLTV Documentation Type DTI Total Income Credit Score PMI Company PMI Coverage MI Certificate Number DD Event Level Credit Exceptions Credit Exception Category Cleared Credit Exceptions Compliance Exceptions Compliance Exception Category Cleared Compliance Exceptions Lender Response Subject to Predatory Section 32 Flag TIL APR TIL Status TIL Finance Charge Finance Charge Status Finance Charge Variance HOEPA Points and Fees HOEPA Fee Threshhold HOEPA Points and Fees Status HOEPA Rate HOEPA Rate Status HOEPA High Cost Loan HOEPA Status State Points and Fees State Fee Threshhold State Points and Fees Status State Rate State Rate Status State High Cost Loan Modification Flag Modification Date Mod Rate Type Mod Rate Mod PI Mod First Payment Date Mod Maturity Date Mod Principal Balance Mod is Balloon Mod Comments Prepayment Penalty Period Prepayment Penalty Desc Neg Am Neg Am Amount Teaser Rate Neg Am Pmt Cap Teaser Rate End Date Original PI First Time Homebuyer Seasoned Over 3 Years HARP Loan HUD Exception Category HUD Exception Assignee Liability Non HUD Material Compliance Exceptions Cited Alternate Loan ID Application Date
XXXX 22NQM2 - 558 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX No XXXX XXXX XX/XX/XXXX XX/XX/XXXX 5/1 or 5/6 Mos ARM Conventional without MI XX/XX/XXXX $XXXX ARM XX% No XXX XXX 5 15   XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX 2 2 12.5 5 12 12 LIBOR - 1 Year (Daily) Investment Purchase 1073/465 XX/XX/XXXX XXXX XXXX loan_valuation.property_type /  XXXX / Condo (Low Rise) / NO MATCH 1 XXX XXX XXX XXX Full 39.98 XXX XXX       2   Guideline Exception         Client Waived;  Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX N/A XXXX N/A No No                       No         XXXX No Yes            
XXXX 22NQM2 - 559 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX No XXXX XXXX XX/XX/XXXX XX/XX/XXXX Fixed  Conventional without MI XX/XX/XXXX $XXXX Fixed XX% No XXX XXX 5 15                           Primary Purchase 1004/70 XX/XX/XXXX XXXX XXXX Single Family Detached 1 XXX XXX XXX XXX Full 31.48 XXX XXX       2        Exception: Federal HPML Compliant-  - Rating - 1;  Exception: RESPA 2010 GFE to Actual Interest Rate- Cured at closing - Rating - 2;  RESPA  Exception: Sole Proprietorship Income Documentation- Self-Employed borrower, 24 months bank statements used to calculate income based on average of deposits. No tax returns, P&L, or Balance Sheets located in the file. - Rating - 1;  Exception: Check Loan Designation Match - QM- Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Fails QM Testing. - Rating - 2;  Loan was underwritten as NonQM designation.  Status was list as Higher Priced QM on the data tape by mistake.; Loan was underwritten as NonQM designation.  Status was list as Higher Priced QM on the data tape by mistake.;  Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX PASS XXXX XXX No No                       No         XXXX Yes Yes        *** Federal HPML Compliant-  - Rating - B;  *** RESPA 2010 GFE to Actual Interest Rate- Cured at closing - Rating - B;     
XXXX 22NQM2 - 560 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX Yes XXXX XXXX XX/XX/XXXX XX/XX/XXXX Fixed  Conventional without MI XX/XX/XXXX $XXXX Fixed XX% No XXX XXX 5 15                           Investment Purchase 1004/70 XX/XX/XXXX XXXX XXXX Single Family Detached 1 XXX XXX XXX XXX Full 28.81 XXX XXX       1      Exception: Missing verification of taxes and insurance for rental property in XXXX. - Rating - 1;  Exception: Missing evidence property at XXXX owned free/clear, 2014 schedule E reflects mortgage interest and hazard policy provided contains a Mortgagee. - Rating - 1;        Explanation provided to show property as free and clear; Tax and Insurance information provided;  Yes No XXXX PASS XXXX FAIL XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX N/A XXXX N/A N/A No                       No         XXXX No Yes            
XXXX 22NQM2 - 561 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX No XXXX XXXX XX/XX/XXXX XX/XX/XXXX Fixed  Conventional without MI XX/XX/XXXX $XXXX Fixed XX% No XXX XXX 5 15                           Primary Purchase 1004/70 XX/XX/XXXX XXXX XXXX PUD 1 XXX XXX XXX XXX Full 25.8 XXX XXX       1               Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX PASS XXXX XXX No No                       No         XXXX No Yes            
XXXX 22NQM2 - 562 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX No XXXX XXXX XX/XX/XXXX XX/XX/XXXX 5/1 or 5/6 Mos ARM Conventional without MI XX/XX/XXXX $XXXX ARM XX% No XXX XXX 5 15   XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX 2 2 11.875 5 12 12 LIBOR - 1 Year (Daily) Primary Purchase 1004/70 XX/XX/XXXX XXXX XXXX Single Family Detached 1 XXX XXX XXX XXX Full 42.51 XXX XXX       2   Guideline Exception        Exception: RESPA HUD Settlement Booklet Status-  - Rating - 1;  8-12-2015 Client Waived; 8-17-2015 Lender provided copy of disclosure;  Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX N/A XXXX N/A No No                       No         XXXX No Yes            
XXXX 22NQM2 - 563 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX No XXXX XXXX XX/XX/XXXX XX/XX/XXXX 5/1 or 5/6 Mos ARM Conventional without MI XX/XX/XXXX $XXXX ARM XX% No XXX XXX 5 15   XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX 2 2 11.875 4 12 12 LIBOR - 1 Year (Daily) Primary Purchase 1004/70 XX/XX/XXXX XXXX XXXX Single Family Detached 1 XXX XXX XXX XXX Full 39.57 XXX XXX       2   Guideline Exception         Client waived; Client wavied;  Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX N/A XXXX N/A No No                       No         XXXX No Yes            
XXXX 22NQM2 - 564 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX No XXXX XXXX XX/XX/XXXX XX/XX/XXXX 5/1 or 5/6 Mos ARM Conventional without MI XX/XX/XXXX $XXXX ARM XX% No XXX XXX 5 15   XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX 2 2 11.375 4 12 12 LIBOR - 1 Year (Daily) Primary Purchase 1004/70 XX/XX/XXXX XXXX XXXX Single Family Detached 1 XXX XXX XXX XXX Full 45.85 XXX XXX       2   Guideline Exception         Client Waived;  Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX N/A XXXX N/A No No                       No         XXXX No Yes            
XXXX 22NQM2 - 565 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX Yes XXXX XXXX XX/XX/XXXX XX/XX/XXXX Fixed  Conventional without MI XX/XX/XXXX $XXXX Fixed XX% No XXX XXX 5 15                           Second Home Purchase 1004/70 XX/XX/XXXX XXXX XXXX PUD 1 XXX XXX XXX XXX Full 26.78 XXX XXX       2   Guideline Exception         8-10-2015 Client Waived;  Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX N/A XXXX N/A No No                       No         XXXX No Yes            
XXXX 22NQM2 - 566 XXXX XXXX     XXXX XXXX XXXX XXXX XXXX Yes XXXX XXXX XX/XX/XXXX XX/XX/XXXX 5/1 or 5/6 Mos ARM Conventional without MI XX/XX/XXXX $XXXX ARM XX% No XXX XXX 5 15   XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX XX 2 2 12.25 4 12 12 LIBOR - 1 Year (Daily) Primary Purchase 1004/70 XX/XX/XXXX XXXX XXXX PUD 1 XXX XXX XXX XXX Full 44.28 XXX XXX       2        Exception: Federal HPML Compliant-  - Rating - 1;  Exception: RESPA 2010 GFE vs HUD 10 Percent Fees- Cured on HUD-1. - Rating - 2;  RESPA     Yes No XXXX PASS XXXX PASS XXXX XXXX   N/A   N/A N/A N/A XXXX XXXX PASS XXXX PASS No No                       No         XXXX No Yes        *** Federal HPML Compliant-  - Rating - A;  *** RESPA 2010 GFE vs HUD 10 Percent Fees- Cured on HUD-1. - Rating - A;     

 

 
 

Exhibit 99.7 

 

EXECUTIVE SUMMARY

BRAVO 2022-NQM2

 

Description of the due diligence performed

 

Overview of the assets that were reviewed

Incenter LLC d/b/a Edgemac (as assignee of Edge Mortgage Advisory Company LLC) (“Edgemac”) performed an independent third-party due diligence review of 54 loans acquired by Loan Funding Structure LLC (the “Client”). The review was performed in May 2019 through October 2019 using the scope of review described herein, which was agreed to at the time of review. The results of the review performed by Edgemac only reflect information concerning the related loans on which such review was performed as of the date such review was performed based on the scope of review used as of the date such review was performed and not as of any subsequent date. Edgemac has not subsequently performed any review with respect to the loans, and Edgemac will not be required to complete or provide any additional, new, or refreshed review or results with respect to the loans.

 

Sampling of assets

Edgemac follows the nationally recognized statistical rating organizations, NRSRO(s), criteria. For all originators, Edgemac performed review on 100% of the loans. The loan population was 54 loans for an aggregate original principal balance of $13,447,813.00.

 

The review was conducted in accordance with the following NRSRO(s) Third Party Due Diligence Criteria:

Identity of NRSRO Title and Date of Criteria
DBRS, Inc. Third-Party Due Diligence Criteria for U.S. RMBS Transactions, September 2017
Fitch Ratings, Inc. U.S. RMBS Rating Criteria September 27, 2019

 

Data integrity and methodology

Edgemac performed data integrity analysis on all loans in the sample by comparing the information supplied on the data tape against the source documents in the loan file. All discrepancies are reported on the Final Tape Compare Report.

 

The data comparison consisted of the following data fields:

 

Data Comparison Fields
Amortization Term
Appraisal Value
Borrower First Name
Borrower Last Name
Borrower Self-Employed
Borrower SSN
Co Borrower 1 Self-Employed
Co-Borrower 1 SSN
Coborrower 1 First Name
Coborrower 1 Last Name
Doc Type
First Payment Date
First Rate Adjustment Date

 

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FTHB Flag
Initial Rate Adjustment Period
Interest Only Flag
Interest Only Months
Interest Rate Initial Cap
Interest Rate Life Cap
Interest Rate Periodic Cap
Interest Rate Rate Change Frequency
Interset Rate Life Floor
Investor Qualifying DSCR
Investor Qualifying DTI
Lien Position
Loan Purpose
Loan Type
Margin
Maturity Date
MERS Min Number
Note Date
Number of Units
Occupancy Type
Original CLTV
Original Interest Rate
Original Loan Amount
Original LTV
Original P&I
Original Term
Prepayment Flag
Prepayment Term
Property City
Property State
Property Street Address
Property Type
Property Zip
QM Designation
Qualifying Credit Score
Sales Price

 

Underwriting Conformity

Edgemac performed a complete review of all loan files, as supplied by the Client, to determine whether the loans were originated in accordance with the underwriting guidelines provided by the Client (which, for the avoidance of doubt, may be either the Client’s or a third party’s underwriting guidelines), eligibility requirements, Ability to Repay (ATR), Qualified Mortgage and Appendix Q requirements (where applicable), and applicable Policies & Procedures, noting any exceptions and compensating factors. The review included, where applicable, the following items:

 

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Conformance to Ability to Repay (ATR) standards – Edgemac reviewed each loan to validate that the underwriter correctly assessed the borrower’s ability to repay based on employment and credit/repayment history, income and assets, projected monthly payment and current obligations, debt to income ratio, and other information provided to support ability to repay prior to originating the loan.

 

An evaluation of Qualified Mortgage and Appendix Q requirements, if applicable – Based on the information provided, Edgemac reviewed each loan to determine that it satisfies all requirements for a Qualified Mortgage, if designated as such, including an evaluation of points and fees, risk factors associated with the loan terms, re-calculation of debt to income and a review of all income and assets.

 

Credit, Income, Assets and Employment

A.Validate that the appropriate employment and income documentation, such as pay stubs, W-2 Forms, tax returns and tax transcripts, and bank statements, was provided and used to accurately qualify the borrower according to guidelines. Recalculate the borrower’s income and debt to determine the appropriate debt to income ratio in accordance with the guidelines. Validate borrower’s employment history and confirm that the appropriate income and assets were used to qualify, where applicable. Make a reasonable assessment of whether there are any indications that income documentation may be fraudulent.

B.Validate that assets used to qualify the borrower match the documentation in the file and the information used to calculate down payment, closing costs, and reserves meet program guideline requirements.

C.Review exceptions, compensating factors and underwriter comments, if available.

D.Review program guidelines against the loan approval for discrepancies such as:

1.Employment requirements;

2.Income requirements;

3.Asset requirements

E.Review the loan approval against all supporting documentation and loan application to verify accuracy

F.Review the initial loan application against the final loan application or other loan applications found in the file to validate the application was signed and properly completed and to expose discrepancies.

G.Confirm that credit report(s) and verification of mortgage or rental history, when required, have been provided for all borrowers/guarantors, are consistent with loan approval, and meet guideline requirements. Verify whether any fraud alerts are listed on the credit reports and make a reasonable assessment of whether the borrower’s profile adheres to applicable guidelines.

H.Review the loan file for inconsistencies based on information derived from source documentation provided in the loan file, for the purposes of identifying misrepresentations contained in the loan file, including with respect to occupancy and mortgage liabilities.

 

Occupancy, Taxes, Title and Insurance

A.Review source documents for consistency with regard to subject property occupancy intent.

B.Review the title report for possible judgments and other liens that may have existed upon origination; verify chain of title, as required by guidelines.

C.Verify and validate the file contains sufficient property insurance coverage as required by guidelines; confirm property insurance policy contains appropriate mortgagee clause. For subject properties located in a Special Flood Hazard Area where flood insurance is required, verify and validate the file contains sufficient flood insurance coverage as required by guidelines and that flood insurance policy contains appropriate mortgagee clause.

D.Review property details on appraisal including a review for ineligible properties.

E.Verify that Business Purpose Affidavit and Occupancy Affidavit, if applicable, were executed by the borrowers/guarantors and confirm that document addresses are consistent with subject property address and do not match the primary residence address.

 

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Property Valuation Review

Edgemac reviewed all loans to validate the original appraisal report was provided in the loan file and that it is substantially complete. The evaluation included the following components:

A.Review the original appraisal report to ensure the valuation was performed by a licensed appraiser and in accordance with guidelines,

B.Verify subject property type meets applicable guidelines,

C.Note any exceptions to stated value or appraisal guidelines,

D.Verify value used to calculate LTV/CLTV and note any deviations,

E.Verify the appraisal report matches loan documents, and

F.Review additional valuation products in the file; if there is a 10% variance, Client is notified and an additional independent valuation product will be obtained.

 

Regulatory Compliance Review

Edgemac’s Regulatory Compliance analysis is intended to expose certain potential risk associated with the loans examined. It is strictly limited to the review scope outlined below and is based solely on the accuracy of the documentation and data supplied by the Client or other agreed upon third parties. The review findings are not guaranteed to encompass all critical elements related to the underwriting, origination or regulatory compliance status of the loans examined. Further, the findings are not to be construed as guidance on future indicators of positive or negative performance.

 

Edgemac performed a review of all loans supplied by the Client to verify all documentation provided is complete and complies with all applicable federal and state regulatory requirements, in addition to following the RMBS 3.0 TRID Compliance Review Scope published by the Structured Finance Industry Group (now the Structured Finance Association or “SFA”) (the “SFIG Compliance Review Scope”) and the advice of outside counsel. As it relates to TILA-RESPA Integrated Disclosures (“TRID”) testing, Edgemac works with outside counsel on an ongoing basis to understand and interpret compliance regulations based on recent guidance by the Consumer Financial Protection Bureau (the “CFPB”) that has created deviations in the TRID review scope and related exceptions/cures. Our TRID related review scope, outlined below and not performed for investment properties, will continue to be amended where appropriate as future guidance and rules are published. Edgemac’s conclusions are representative of our best efforts to identify material risks and exceptions associated with each loan based on interpretation of the continually evolving regulations. Edgemac maintains an active dialogue with outside counsel, our Clients, Rating Agencies, SFA and other parties when interpreting compliance regulations and amending our review scope to accurately expose the risk associated with a loan. However, no guaranties can be made that the Review includes all areas of risk that may be present in the Transaction. In addition to the foregoing, Edgemac utilizes the ComplianceAnalyzer tool by ComplianceEase.

 

Edgemac does not employ personnel who are licensed to practice law in the various jurisdictions and the findings set forth in the reports prepared by Edgemac do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to Edgemac. All final decisions as to whether to purchase or enter into a transaction related to any individual loan or the loans in the aggregate and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such loan or loans, shall be made solely by the clients that have engaged Edgemac to prepare their reports pursuant to their instructions and guidelines. Client acknowledges and agrees that the scoring models applied by Edgemac are designed to identify potential risk and the Client assumes sole responsibility for determining the suitability of the information for its particular use.

 

Edgemac reviewed each loan to validate compliance with the following federal and state regulatory requirements, whenever applicable.

 

A.Truth In Lending Act - 12 CFR §1026 (“TILA”)

1.Federal TILA

a.Finance Charge Test (12 CFR §1026.18(d)(1))

 

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i.It is understated by no more than $100; or

ii.It is greater than the amount required to be disclosed

b.Rescission Finance Charge Test (12 CFR §1026.23(h)(2)(i))

i.It is understated by no more than $35; or

ii.It is greater than the amount required to be disclosed

c.Rescission Total of Payments Test ((12 CFR §1026.23(h)(2)(ii))

i.Is understated by no more than $35; or

ii.Is greater than the amount required to be disclosed

d.Foreclosure Rescission Finance Charge and Total of Payments Tests (12 CFR §1026.23(h))

e.APR Test 12 CFR (§1026.22(a)(2), (4))

i.The disclosed annual percentage rate (APR) is considered accurate because it is not more than 1/8 of 1 percentage (for regular transactions) or 1/4 of 1 percentage (for irregular transactions) point above or below the APR as determined in accordance with the actuarial method; or

ii.The disclosed APR results from the disclosed finance charge, and the disclosed finance charge is considered accurate under §1026.18(d)(1) (the finance charge test), or for purposes of rescission the disclosed finance charge is considered accurate under §1026.23(g) or (h) (the rescission finance charge test or the foreclosure rescission finance charge test), whichever applies

f.Right of Rescission Test (12 CFR §1026.23(a)(3), §1026.15(a)(3))

i.The funding date is not before the third business day following consummation

ii.The consumer may exercise the right to rescind until midnight of the third business day following consummation

iii.Validate Right of Rescission Notice was provided and the correct form was used

g.Dual Broker Compensation Test (12 CFR §1026.36(d)(2))

i.If any loan originator receives compensation directly from a consumer in a consumer credit transaction secured by a dwelling, no loan originator shall receive compensation, directly or indirectly, from any other person other than the consumer in connection with the transaction for loan origination activities

h.Loan Originator Credits Test (12 C.F.R. §1026.36(d)(1))

i.Test that the initial disclosure (GFE/TIL/LE) does not contain any broker fees paid by the broker

i.Financing of Single Premium Credit Insurance Test (12 CFR §1026.36 (i))

i.A creditor may not finance, directly or indirectly, any premiums or fees for credit insurance in connection with a consumer credit transaction secured by a dwelling (including a home equity line of credit secured by the consumer's principal dwelling)

2.TIL Disclosure (Pre-TRID)

a.TIL Disclosure Date Test (12 CFR §1026.17(b),1026.19(a))

i.The loan is a mortgage transaction subject to the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) that is secured by the consumer's dwelling; and

ii.The initial TIL disclosure date is not later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor receives the consumer's written application; and

iii.The initial TIL disclosure date is not later than the seventh business day (counting all calendar days except Sunday and specified legal public holidays) before consummation of the transaction, or the application date of the loan is before July 30, 2009; and

iv.The loan is a "residential mortgage transaction" subject to the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.); and

 

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v.The initial TIL disclosure date is before consummation or three business days after the creditor receives the consumer's written application, whichever is earlier; and

vi.Test the final TIL disclosure and any re-disclosed TIL(s); and

vii.The final TIL disclosure is properly executed; and

viii.The final TIL disclosure and any re-disclosed TIL(s) is properly completed

3.TILA RESPA Integrated Disclosures (TRID)

a.Initial Loan Estimate Delivery Date Test (from application) (12 CFR §1026.19(e)(1)(iii)(A))

i.The creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application

b.Initial Loan Estimate Delivery Date Test (prior to consummation) (12 CFR §1026.19(e)(1)(iii)(B))

i.The creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(e)(1)(i) (provision of loan estimate form) not later than the seventh business day before consummation of the transaction

c.Loan Estimate (12 CFR §1026.19 and 37)

i.Verify applicable sections of the disclosure determined to carry assignee liability were accurately completed

ii.Verify final Loan Estimate was provided to borrower prior to the Closing Disclosure

d.Written List of Service Providers (SSPL) Disclosure Date Test (12 CFR §1026.19(e)(1)(vi))

i.If the consumer is permitted to shop for a settlement service, the creditor shall provide the consumer with a written list identifying available providers of that settlement service and stating that the consumer may choose a different provider for that service. The creditor must identify at least one available provider for each settlement service for which the consumer is permitted to shop. The creditor shall provide this written list of settlement service providers separately from the disclosures required by §1026.19(e)(1)(e)(1)(i) but in accordance with the timing requirements in §1026.19(e)(1)(e)(1)(iii)

e.Your Home Loan Toolkit (12 CFR §1026.19)

i.Verify there is evidence that the disclosure was provided to the borrower

ii.Validate Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) business days after receipt of application

f.Borrowers Intent to Proceed (12 CFR §1026.19; §1026.25)

i.Verify there is evidence in the file indicating the borrowers intent to proceed

ii.If the lender documents the borrowers intent to proceed on a standalone disclosure, validate the borrower signed and dated the disclosure

g.Revised Loan Estimate Delivery Date Test (prior to consummation) (12 CFR §1026.19(e)(4)(ii))

i.The creditor shall not provide a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i). The consumer must receive a revised version of the disclosures required under §1026.19(e)(1)(i) not later than four business days prior to consummation. If the revised version of the disclosures required under §1026.19(e)(1)(i) is not provided to the consumer in person, the consumer is considered to have received such version three business days after the creditor delivers or places such version in the mail

h.Valid Change of Circumstances Test

i.The changed circumstance(s) form was provided and the reason for re-disclosure is:

a.Changed circumstance affecting settlement charges; or

b.Changed circumstance affecting eligibility; or

c.Revisions requested by the consumer; or

d.Expiration of initial loan estimate; or

 

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e.Delayed settlement date on a construction loan for new construction transactions only; or

f.The date the rate was set was not provided and interest rate dependent charges change once the interest rate is locked; or

g.The reason for re-disclosure is "Decrease in charges affecting settlement or eligibility, a consumer-requested revision, or other non-tolerance-related re-disclosure;" or

h.The initial loan estimate was not delivered timely

i.Initial Closing Disclosure Delivery Date Test (12 CFR §1026.19(f)(1)(ii))

i.The creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation

j.Closing Disclosure Test (12 CFR §1026.19 and 38)

i.Verify applicable sections of the disclosure determined to carry assignee liability were accurately completed

k.Revised Closing Disclosure Delivery Date Test (waiting period vs. no waiting period required) (12 CFR §1026.19(f)(2)(i) & (ii))

i.If the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation

ii.If the consumer determines that the extension of credit is needed to meet a bona fide personal financial emergency, the consumer may modify or waive the three-business-day waiting period for the revised closing disclosure after receiving the disclosures

l.TRID Tolerance Testing - Charges That Cannot Increase Test (12 CFR §1026.19(e)(3)(i))

i.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i)

m.TRID Tolerance Testing - Charges That in Total Cannot Increase More Than 10% Test (12 CFR §1026.19(e)(3)(ii))

i.The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent

n.TRID Tolerance Testing - Lender Credits That Cannot Decrease Test (12 CFR §1026.19(e)(3)(i))

i.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i)

o.TRID Reimbursement Amount Test (12 CFR §1026.19(f)(2)(v))

i.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation

p.TRID Reimbursement Date Test (12 CFR §1026.19(f)(2)(v))

i.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation

q.Disclosure of Escrow Account (12 CFR §1026.38(l)(7))

i.If the loan indicates an escrow account will be established

 

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a.Verify all amounts disclosed in the Projected Payments Table are accurate (§1026.38(c); §1026.37(c))

b.Verify all amounts disclosed in the Estimated Taxes, Insurance and Assessments (ETIA) are accurate (§1026.37(c)(4),(5))

c.Verify all amounts disclosed in Section G – Initial Escrow Payment and Closing are accurate (§1026.37(g)(3))

d.Verify all amounts disclosed in the Escrow Account Section are accurate (§1026.38(l)(7))

ii.If the loan indicates an escrow account will not be established

a.Verify all amounts disclosed in the Projected Payments Table are accurate (§1026.38(c); (§1026.37(c))

b.Verify all amounts disclosed in the Estimated Taxes, Insurance and Assessments (ETIA) are accurate (§1026.37(c)(4), (5))

c.Verify all amounts disclosed in the Escrow Account Section are accurate (§1026.38(l)(7))

r.Disclosure of Seller Paid Closing Costs (12 CFR §1026.38(t)(5)(v)(B))

i.In transactions involving a seller, validate whether the lender disclosed all costs being paid by the seller on the borrowers Closing Disclosure

ii.If seller paid fees are present on the borrower’s Closing Disclosure, review the seller’s Closing Disclosure or alternative documentation for accuracy of disclosure

s.Post-consummation Event and Revised Closing Disclosure Delivery Date Test

i.The post-consummation revised closing disclosure delivery date is not more than 60 calendar days after the consummation date, or closing / settlement date if no consummation date was provided; and

ii.The provided reimbursement date is not more than 60 calendar days after the consummation date, or closing / settlement date if no consummation date was provided

t.Non-numeric Clerical Error and Post-consummation Revised Closing Disclosure Delivery Date Test (12 CFR §1026.19(f)(2)(iv))

i.A creditor does not violate §1026.19(f)(1)(i) if the disclosures provided under §1026.19(f)(1)(i) contain non-numeric clerical errors, provided the creditor delivers or places in the mail corrected disclosures no later than 60 days after consummation

u.Loan Calculation Test on the Closing Disclosure (12 CFR §1026.38))

i.Finance Charge

ii.Amount Financed

iii.Total of Payments

iv.Total Interest Percentage

4.Qualified Mortgage / Ability To Repay – Dodd Frank

a.Classification of QM designated loan

i.Validate whether the mortgage loan is a Safe Harbor QM or Higher Priced QM by comparing the mortgage loan’s actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage

ii.Determination of conformity thresholds (Safe Harbor or Rebuttable Presumption)

b.Negative Amortization Loan (12 CFR 1026.43(e)(2)(i)(A))

i.A qualified mortgage is a covered transaction that provides for regular periodic payments that are substantially equal, except for the effect that any interest rate change after consummation has on the payment in the case of an adjustable-rate or step-rate mortgage, that does not result in an increase of the principal balance

c.Interest Only Loan (12 CFR 1026.43(e)(2)(i)(B))

 

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i.A qualified mortgage is a covered transaction that provides for regular periodic payments that are substantially equal, except for the effect that any interest rate change after consummation has on the payment in the case of an adjustable-rate or step-rate mortgage, that does not allow the consumer to defer repayment of principal

d.Balloon Payment Loan (12 CFR 1026.43(e)(2)(i)(C))

i.A qualified mortgage is a covered transaction that provides for regular periodic payments that are substantially equal, except for the effect that any interest rate change after consummation has on the payment in the case of an adjustable-rate or step-rate mortgage, that does not result in a balloon payment

e.Loan Term (12 CFR 1026.43(e)(2)(iii))

i.A qualified mortgage is a covered transaction for which the loan term does not exceed 30 years

f.Points and Fees (12 CFR §1026.43(e)(3))

i.Points and fees do not exceed the qualified mortgage points and fees threshold

g.DTI (12 CFR §1026.43(e)(2)(vi))

i.The ratio of the consumer's total monthly debt to total monthly income at the time of consummation does not exceed 43 percent, calculated in accordance with Appendix Q

h.Prepayment Penalty (12 CFR 1026.43(g))

i.A covered transaction must not include a prepayment penalty unless:

a.The prepayment penalty is otherwise permitted by law; and the transaction:

b.Has an annual percentage rate that cannot increase after consummation;

c.Is a qualified mortgage under paragraph (e)(2), (e)(4), or (f) of this section; and

d.Is not a Higher Priced Mortgage Loan, as defined in § 1026.35(a)

5.Home Ownership and Equity Protection Act – HOEPA (Sections 32)

a.Federal HOEPA coverage (12 CFR §1026.32(a)(1)(i), (ii))

i.Tests that the loan is/is not secured by the consumer's principal dwelling; or

ii.Tests that the loan is/ is not an open-end credit plan; or

iii.That the application date of the loan occurs before/ after the effective date of October 1, 1995; or

iv.That the date the creditor received application occurs on or after January 10, 2014, the effective date of the High-Cost Mortgage amendments

b.High-Cost Mortgage APR threshold test (12 CFR §1026.32(a)(1)(i)(A), (C))

i.The loan is secured by a first-lien transaction, and the annual percentage rate (APR) does not exceed the Average Prime Offer Rate by more than 6.5%; or

ii.The loan is a subordinate-lien transaction, and the annual percentage rate (APR), does not exceed the Average Prime Offer Rate by more than 8.5%

c.High-Cost Mortgage Points and Fees Threshold Test (12 CFR §1026.32(a)(1)(ii)(A), (B))

i.The total points and fees does not exceed allowable limits per the given loan amount

d.High-Cost Mortgage Prepayment Penalty Threshold Test (12 CFR §1026.32(a)(1)(iii))

i.The loan contract or open-end credit agreement does not allow the creditor to charge:

a.A prepayment penalty more than 36 months after consummation or account opening; or

b.Prepayment penalties that can exceed, in total, more than 2 percent of the amount prepaid

e.High-Cost Mortgage (12 CFR §1026.32(a)(1))

f.High-Cost Mortgage Repayment Ability Test (12 CFR §1026.34(a)(4), 1026.43)

g.Other high-costs tests pursuant to (12 CFR §1026.32(a)(1))

i.Timing of disclosures

ii.Balloon payment

 

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iii.Negative amortization

iv.Prepayment penalty

v.Pre-loan counseling

vi.Late charges

vii.Grace period

viii.Financing of points and fees

6.Higher Priced Mortgage Loan – HMPL (section 35)

a.Higher Priced Mortgage Loan test (12 CFR §1026.35(a)(1))

b.Higher Priced Mortgage Loan required escrow account test (12 CFR §1026.35(a)(1), (b)(2)(i)(A))

c.Higher Priced Mortgage Loan prepayment term test

d.Higher Priced Mortgage Loan escrow account test (12 CFR §1026.35(a))

7.Prohibited Acts – Brokers Comp

a.Broker Compensation Test (12 CFR §1026.36(d)(2)

i.If any loan originator receives compensation directly from a consumer in a consumer credit transaction secured by a dwelling:

a.No loan originator shall receive compensation, directly or indirectly, from any person other than the consumer in connection with the transaction; and

b.No person who knows or has reason to know of the consumer-paid compensation to the loan originator (other than the consumer) shall pay any compensation to a loan originator, directly or indirectly, in connection with the transaction

8.Nationwide Mortgage Licensing System (NMLS) Tests (12 CFR §1026.36)

a.review for presence of mortgage loan originator organization and individual mortgage loan originator name and NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security instrument, Loan Estimate and Closing Disclosure; and

b.verify the data against the NMLSR database, as available

B.Real Estate Settlement Procedures Act – 12 CFR §1024 (“RESPA”)

1.Federal RESPA

a.Homeownership Counseling Organizations Disclosure Date Test (12 CFR §1024.20(a))

i.Not later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location

ii.The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than 30 days prior to the time when the list is provided to the loan applicant

a.Good Faith Estimate Disclosure Test (12 CFR §1024.7)

i.Not later than 3 business days after a loan originator (broker or lender) receives an application for a federally related mortgage loan, or information sufficient to complete an application, the loan originator must provide the applicant with a GFE

b.Good Faith Estimate Disallowed Credit and Charge test (GFE Block 2)

i.Looks for any amounts entered for both a loan discount fee and a yield spread premium or a lender credit

ii.Only one charge or one credit affecting the interest rate is allowed under the new RESPA regulations

C.Equal Credit Opportunity Act – 12 CFR §1002 (“ECOA”)

1.ECOA Valuation Rule (12 CFR §1002.14(a)(1))

 

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a.Review all applicable loans for the Disclosure of Right to Receive a Copy of Appraisals. Validate if the customer(s) waived their right to receive copies of their appraisals three business days prior to consummation/account opening

b.Review all applicable loans for proof that lender delivered copies of appraisals and other written valuations three business days before consummation (closed-end), or account opening (open-end)

c.If the customer(s) waived their right to receive copies of their appraisals three business days prior to consummation/account opening, review the Post-Closing submission for an Acknowledgment of Receipt of Appraisal Report, or other proof that the lender provided the copies either at, or prior to, consummation or account opening

d.State Specific tests (varies by state and applicability, but at a minimum includes);

i.Consumer / Home Loan tests

ii.High cost tests

iii.Higher Priced Mortgage Loan tests

iv.APR threshold tests

v.Points and fees threshold tests

vi.Cover loan tests

vii.Negative Amortization tests

viii.Prepayment tests

 

Document Review

Edgemac reviewed all mortgage loan files supplied and verified that the following documents, if applicable, were included in the file and that the data on the documents was consistent:

Final and Initial Application (1003)

Loan Approval / 1008 / Fannie Mae DU / Freddie Mac LP

Guaranty Agreement

Occupancy Affidavit

Business Purpose Affidavit

Loan Estimates and Closing Disclosures

Sales Contract

Mortgage/Deed of Trust

Note

Junior Lien Information

Subordination Agreement

Lease Agreements

Income Documentation

Employment Documentation

Asset Documentation

Credit Reports

4506T/Tax Documentation

Change of Circumstance Documentation

Disclosures: Right of Rescission, Net Tangible Benefit and FACTA

Appraisal Valuation Reports

Title/Preliminary Title

Flood and Hazard Insurance Policies

Flood Certificates

 

Other review and methodology

Not applicable.

 

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Summary of findings and conclusions of review

Below provides the summary of the review findings:

 

Final Overall Grade Summary

 

Overall # of Mortgage Loans % of Mortgage Loans
A    4    7.41%
B   50   92.59%
Total   54  100.00%

 

Credit Grade Summary

Credit # of Mortgage Loans % of Mortgage Loans
A   30   55.56%
B   24   44.44%
Total   54  100.00%

 

Compliance Grade Summary

Compliance # of Mortgage Loans % of Mortgage Loans
A   12   22.22%
B   42   77.78%
Total   54  100.00%

 

Property Grade Summary

Property # of Mortgage Loans % of Mortgage Loans
A   54  100.00%
Total   54  100.00%

 

Exception Summary

Below provides a summary of the individual exceptions based on the general categories of Credit, Compliance, and Property.

 

Credit Exception Categories Exception Count Exception Grade C Exception Grade B
Credit - General Underwriting Guideline Violation   28 0       28
Credit - Income and Assets    5 0        5
Credit - Credit    1 0        1
Total   34 0       34

 

Compliance Exception Categories Exception Count Exception Grade C Exception Grade B
Compliance - Regulatory Compliance   79 0       79
Total   79 0       79

 

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Property Exception Categories Exception Count Exception Grade C Exception Grade B
None      
Total               

 

Data Integrity Summary

The table below provides a summary of the data compare results:

 

Field Name # of Discrepancies % Accuracy
Amortization Term    3   94.44%
Appraisal Value    3   94.44%
Borrower First Name 0  100.00%
Borrower Last Name 0  100.00%
Borrower Self-Employed    1   98.15%
Borrower SSN 0  100.00%
Co Borrower 1 Self-Employed 0  100.00%
Co-Borrower 1 SSN 0  100.00%
Coborrower 1 First Name 0  100.00%
Coborrower 1 Last Name 0  100.00%
Doc Type 0  100.00%
First Payment Date 0  100.00%
First Rate Adjustment Date 0  100.00%
FTHB Flag 0  100.00%
Initial Rate Adjustment Period 0  100.00%
Interest Only Flag 0  100.00%
Interest Only Months 0  100.00%
Interest Rate Initial Cap 0  100.00%
Interest Rate Life Cap 0  100.00%
Interest Rate Periodic Cap 0  100.00%
Interest Rate Rate Change Frequency 0  100.00%
Interset Rate Life Floor 0  100.00%
Investor Qualifying DSCR 0  100.00%
Investor Qualifying DTI   40   25.93%
Lien Position 0  100.00%
Loan Purpose 0  100.00%
Loan Type 0  100.00%
Margin 0  100.00%
Maturity Date 0  100.00%
MERS Min Number 0  100.00%
Note Date 0  100.00%
Number of Units 0  100.00%
Occupancy Type 0  100.00%
Original CLTV 0  100.00%

 

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Original Interest Rate 0  100.00%
Original Loan Amount 0  100.00%
Original LTV 0  100.00%
Original P&I 0  100.00%
Original Term 0  100.00%
Prepayment Flag 0  100.00%
Prepayment Term 0  100.00%
Property City 0  100.00%
Property State 0  100.00%
Property Street Address 0  100.00%
Property Type    1   98.15%
Property Zip    1   98.15%
QM Designation 0  100.00%
Qualifying Credit Score    2   96.30%
Sales Price 0  100.00%
Total   51   98.07%

 

Page 14 of 14


 

TPR Firm: Edgemac Date Submitted: 5/12/2022
Client Name: BRAVO 2022-NQM2 Report: Exception Report
Client Project: BRAVO 2022-NQM2 Loans in report: 54

 

Report Date Loan Number Edge MAC ID Seller Loan Number Originator General Category Exception Exception ID Date Exception Cured Waived Updated Description of Clearance Comments Compensating Factors Exception Status Exception Category Exception Event Level Initial Review Date Occupancy Type Property State Note Date Loan Purpose TILA Rating Loan Initial Loan Final Credit Initial Credit Final Compliance Initial Compliance Final Property Initial Property Final
05/12/2022 22NQM2 - 505 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure (CD) in file dated XXX do not match the Seller Paid fees on the ALTA Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. 7000-1681 6/13/2019 Waived/Exception Granted    Compensating Factors: 1. 738 FICO, 58 points greater than program guideline minimum FICO of 680 2. 14 months reserves vs 3 months program guideline reserves requirement  3. 5 years as self employed  4. 85.00% LTV, 5% less than program guideline maximum LTV of 90.00% Waived Compliance EG2 5/29/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 505 XXX XXX XXX Credit - General Underwriting Guideline Violation Client Approved Exception: DTI is 55.149% vs program guideline maximum DTI of 50.00%Compensating Factors:1. 738 FICO, 58 points greater than program guideline minimum FICO of 6802. 14 months reserves vs 3 months program guideline reserves requirement 3. 5 years as self employed 4. 85.00% LTV, 5% less than program guideline maximum LTV of 90.00% 7000-1685 5/29/2019 Waived/Exception Granted  Client opted to waive guideline requirement. Compensating Factors: 1. 738 FICO, 58 points greater than program guideline minimum FICO of 680 2. 14 months reserves vs 3 months program guideline reserves requirement  3. 5 years as self employed  4. 85.00% LTV, 5% less than program guideline maximum LTV of 90.00% Waived Credit EG2 5/29/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 505 XXX XXX XXX Credit - Income and Assets Missing verification of self employment for a minimum of 2 continuous years using Business License, CPA Letter or Regulatory Agency. 7000-1692 6/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) IMDB and 1099 rcvd Compensating Factors: 1. 738 FICO, 58 points greater than program guideline minimum FICO of 680 2. 14 months reserves vs 3 months program guideline reserves requirement  3. 5 years as self employed  4. 85.00% LTV, 5% less than program guideline maximum LTV of 90.00% Cured Credit EG1 5/29/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing 2018 personal tax return filings of proof of extension. 7000-1976 6/18/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) received XXX tax extension filing Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years Cured Credit EG1 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  Missing explanation letter to borrower and proof of method of delivery for Post Consummation CD in file dated XXX. 7000-1960 7/10/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received Lender attestation, indicating XXX was not disclosed to the borrower; ComplianceEase was updated. Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years Cured Compliance EG1 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  On the revised Loan Estimate (LE) in file dated XXX the "Broker Fee" increased without a valid Change of Circumstance, resulting in the below TRID Tolerance Violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX. 7000-1966 6/18/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC for loan amount increase/lock. Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years Cured Compliance EG1 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  On the Post Consummation Closing Disclosure issued XXX, under the "Loan Terms" section on Page 1, "Prepayment Penalty" reflects "No," however, there is a Prepayment Addendum to the Note in file dated XXX and a Prepayment Rider attached to the Mortgage in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting a Prepayment Penalty with re-opened rescission period. 7000-1955 7/10/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Re-opened rescission passed without incident. Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years Cured Compliance EG2 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX Credit - Income and Assets Missing XXX W2 from XXXX and current Pay stub covering 30 days with YTD earnings. //UPDATE XXX:  Using only 2017 W-2 income, DTI is 214%, which exceeds guidelines and the Client approved exception of 55.372%.  2019 YTD Income Ledger from XXXX shows borrower paid himself more wages.  Missing XXX W-2 XXX or additional income documentation to support 55.372% DTI. ///  Recalculated income using XXX earnings is $XXX/month and DTI of 58.53% 7000-2003 12/2/2021 Waived/Exception Granted  Client elected to waive Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years Waived Credit EG2 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX Compliance - Regulatory Compliance XXX does not consider negative per diem interest as a credit against the total finance charge.  Please provide a PCCD with letter of explanation and proof of method of delivery to the borrower that discloses the prepaid interest amount in line F03 as $XXX and use an offsetting lender credit in section H with a description of applicability to under disclosed finance charges to properly apply the credit and accurately disclose the credit to finance charges.TILA Post-Consummation Revised Closing Disclosure Lending PoliciesThis loan failed the TILA finance charge test.(12 CFR 1026.18(d)(1), transferred from 12 CFR 226.18(d)(1))The finance charge is $XXX. The disclosed finance charge of $XXX is not considered accurate because it is understated by more than $XXX.  Total under disclosed amount is -$XXX. 7000-1965 6/21/2019 Waived/Exception Granted    Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years Waived Compliance EG2 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  On CD issued XXX, under the Estimated Taxes, Insurance and Assessments section on page one, This estimate includes, Other is missing a description of the other assessments that are not in escrow.  Need Post Consummation CD with a description of the other assessments that are not in escrow and explanation letter to borrower with proof of method of delivery of all to borrower. 7000-1956 6/21/2019 Waived/Exception Granted    Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years Waived Compliance EG2 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Compliance - Regulatory Compliance Adjustable Rate Mortgage Disclosure (ARM) is in file, however, it is not dated and signed on XXX which is outside the 3 day disclosure requirement.  Need proof issued within 3 business days of application. 7000-1890 6/12/2019 Waived/Exception Granted    Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Compliance EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Compliance - Regulatory Compliance Missing appraisal invoice to confirm Appraisal Fee of $XXX as reflected on Closing Disclosure dated XXX. 7000-1891 6/12/2019 Waived/Exception Granted    Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Compliance EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  e-Disclosure Consent/e-Sign Form completed prior to earliest signing event. (XXX) 7000-1892 6/12/2019 Waived/Exception Granted    Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Compliance EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  PA Application Disclosure, PA Mortgage Loan Rate Lock Agreement and PA Notice Regarding Refund ability of Fees. 7000-1893 6/11/2019 Waived/Exception Granted    Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Compliance EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Compliance - Regulatory Compliance Loan Estimate signed on XXX does not reflect the date issued. 7000-1894 6/12/2019 Waived/Exception Granted    Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Compliance EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Qualify borrower using annual base pay from WVOE for borrower who recently started new job on XXX. VS program requirement to evidence a minimum 30 days earnings.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years 7000-1883 6/10/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Credit EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Qualify borrower using potential bonus income of $XXX per month (30% of annual income) as per WVOE from new employer vs program requirement to qualify bonus income.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years 7000-1884 6/10/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Credit EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Allow use of rental income of $XXX per month Gross and $XX net from XXX for XXX without being reported on XXX 1040s.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years 7000-1880 6/10/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Credit EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Less than 3 months seasoning. Home purchased on XXX via Hard Money loan. Current file closed XXX.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years 7000-1881 6/10/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years Waived Credit EG2 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 508 XXX XXX XXX Compliance - Regulatory Compliance Missing the following required Federal and/or State Disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure. 7000-2021 6/20/2019 Waived/Exception Granted    Compensating Factors: 1. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 2. 678 FICO, 18 points greater than program guideline minimum FICO of 660 3. No public records 4. Owner of the same business for 2 years 5. 48.21% DTI, 1.79% less than program guideline maximum DTI of 50.00% Waived Compliance EG2 6/17/2019 Primary Residence CT XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 508 XXX XXX XXX Compliance - Regulatory Compliance CT Nonprime Home Loan Lending PoliciesThis loan failed the CT nonprime home loan test.  The loan is a nonprime home loan, as defined in the legislation. 7000-2023 6/20/2019 Waived/Exception Granted    Compensating Factors: 1. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 2. 678 FICO, 18 points greater than program guideline minimum FICO of 660 3. No public records 4. Owner of the same business for 2 years 5. 48.21% DTI, 1.79% less than program guideline maximum DTI of 50.00% Waived Compliance EG2 6/17/2019 Primary Residence CT XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 508 XXX XXX XXX Compliance - Regulatory Compliance Loan is considered CT NonPrime Loan is missing the Additional Notice of Loan Terms Disclosure required by Conn. Gen. Stat.  36a-760a 7000-2044 6/20/2019 Waived/Exception Granted    Compensating Factors: 1. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 2. 678 FICO, 18 points greater than program guideline minimum FICO of 660 3. No public records 4. Owner of the same business for 2 years 5. 48.21% DTI, 1.79% less than program guideline maximum DTI of 50.00% Waived Compliance EG2 6/17/2019 Primary Residence CT XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 508 XXX XXX XXX Credit - Insurance and Title Missing copy of cost to rebuild estimate from insurance company to confirm coverage listed of $XXX is sufficient. Current policy is short of minimum dwelling coverage of $XXX. Subject to recalculation of debt ratios. 7000-2008 6/20/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) Updated Hazard Ins with $XXX dwelling + $XXX other structures. Compensating Factors: 1. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 2. 678 FICO, 18 points greater than program guideline minimum FICO of 660 3. No public records 4. Owner of the same business for 2 years 5. 48.21% DTI, 1.79% less than program guideline maximum DTI of 50.00% Cured Credit EG1 6/17/2019 Primary Residence CT XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 508 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  On the revised Closing Disclosure (CD) in file dated XXX the "Points" increased to a final amount of $XXX from the initial amount of $XXX without a valid Change of Circumstance, resulting in the below TRID Tolerance Violation.Integrated Disclosures Tolerance & Reimbursement Provisions - 06/04/2019 - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX. 7000-2022 6/21/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX and XXX COC's addressing point increases. Compensating Factors: 1. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 2. 678 FICO, 18 points greater than program guideline minimum FICO of 660 3. No public records 4. Owner of the same business for 2 years 5. 48.21% DTI, 1.79% less than program guideline maximum DTI of 50.00% Cured Compliance EG1 6/17/2019 Primary Residence CT XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 509 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2027 6/20/2019 Waived/Exception Granted    Compensating Factors: 1. 13.82% DTI, 36.18% less than program guideline maximum DTI of 50.00% 2. Owner of the same business for 2 years Waived Compliance EG2 6/18/2019 Second Home FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 509 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing US Visa for both borrowers. 7000-2017 7/18/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) US VISA valid for both borrowers Compensating Factors: 1. 13.82% DTI, 36.18% less than program guideline maximum DTI of 50.00% 2. Owner of the same business for 2 years Cured Credit EG1 6/18/2019 Second Home FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 510 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Allow both borrowers' to be treated as US Citizens vs program guideline that both borrowers' have USCIA issued EAD category CO8 Asylum applicants.Compensating Factors: 1. 722 FICO, 42 points greater than program guideline minimum FICO of 6802. 26 months reserves, 23 months greater than program guideline 3 months requirement 3. Owner of the same business for 3 years 7000-2114 6/28/2019 Waived/Exception Granted  Seller opted to waive requirement. Compensating Factors:  1. 722 FICO, 42 points greater than program guideline minimum FICO of 680 2. 26 months reserves, 23 months greater than program guideline 3 months requirement  3. Owner of the same business for 3 years Waived Credit EG2 6/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 510 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: DTI is 44.30% vs program guideline maximum DTI of 43.00%Compensating Factors: 1. 722 FICO, 42 points greater than program guideline minimum FICO of 6802. 26 months reserves, 23 months greater than program guideline 3 months requirement 3. Owner of the same business for 3 years 7000-2112 6/28/2019 Waived/Exception Granted  Seller opted to waive requirement. Compensating Factors:  1. 722 FICO, 42 points greater than program guideline minimum FICO of 680 2. 26 months reserves, 23 months greater than program guideline 3 months requirement  3. Owner of the same business for 3 years Waived Credit EG2 6/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 510 XXX XXX XXX Compliance - Regulatory Compliance There is a Warranty Deed in file, however, it is incomplete.  Need fully executed Deed, inclusive of all dates and signatures. 7000-2101 7/2/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) XXX: Received fully executed and notarized Warranty Deed. Compensating Factors:  1. 722 FICO, 42 points greater than program guideline minimum FICO of 680 2. 26 months reserves, 23 months greater than program guideline 3 months requirement  3. Owner of the same business for 3 years Cured Compliance EG1 6/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 511 XXX XXX XXX Compliance - Regulatory Compliance Missing the following required Federal and/or State Disclosures:  TX Mortgage Company Disclosure. 7000-2143 7/8/2019 Waived/Exception Granted    Compensating Factors: 1. 20.20% DTI, 22.80% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 14 years 3. 700 FICO, 20 points greater than program guideline minimum FICO of 680 4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Waived Compliance EG2 7/5/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG2   EG2   EG1   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 513 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Closing Disclosure (CD) in file dated XXX is missing all of the Seller Paid fees according to the Final Combined Closing Statement in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. 7000-2403 7/29/2019 Waived/Exception Granted    Compensating Factors: 1. 801 credit score; 161 points greater than 640 program requirement 2. borrower has been self-employed for the past 12 years as a XXX with XXX 3. Perfect credit history since inception of earliest account opened XXX 4. No Public Records Waived Compliance EG2 7/24/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 513 XXX XXX XXX Credit - Income and Assets Missing verification of self employment for a minimum of 2 continuous years as a XXX using Business License, CPA Letter or Regulatory Agency. \\\Update XXX  There is no documentation to evidence the borrower has been continuously self-employed for 2 years as a health care provider. The LOE provided reflects that the borrower took time off from this position to address personal matters.Compensating Factors:1. 801 credit score; 161 points greater than 640 program requirement 2. borrower has been self-employed for the past 12 years as a XXX with XXX 3. Perfect credit history since inception of earliest account opened XXX 4. No Public Records 7000-2410 9/4/2019 Waived/Exception Granted    Compensating Factors: 1. 801 credit score; 161 points greater than 640 program requirement 2. borrower has been self-employed for the past 12 years as a XXX with XXX 3. Perfect credit history since inception of earliest account opened XXX 4. No Public Records Waived Credit EG2 7/24/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 513 XXX XXX XXX Credit - Income and Assets Debt to income ratio of 54.56% exceeds maximum allowed. The XXX bank statement from XXX account ending in XXX reflected a transfer of $XXX that was not backed out of the borrower's income calculation. Additionally, the borrower was qualified paying off 2 revolving accounts at closing. Settlement statement reflected only 1 of 2 revolving accounts were paid in full. //UPDATED XXX - Received verification additional revolving debt was paid prior to closing. Revised DTI is 53.45%. Exception form allows for max 52.50% DTI.Compensating Factors:1. 801 credit score; 161 points greater than 640 program requirement2. borrower has been self-employed for the past 12 years as a XXX with XXX 3. Perfect credit history since inception of earliest account opened XXX. No Public Records 7000-2412 9/4/2019 Waived/Exception Granted    Compensating Factors: 1. 801 credit score; 161 points greater than 640 program requirement 2. borrower has been self-employed for the past 12 years as a XXX with XXX 3. Perfect credit history since inception of earliest account opened XXX 4. No Public Records Waived Credit EG2 7/24/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 513 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing evidence XXX account ending in XXX with a monthly payment of $XXX  was paid at closing. Debt to income ratio is subject to recalculation. 7000-2414 7/30/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) XXX: Received letter from XXX Bank verifying account had zero balance as of XXX. Compensating Factors: 1. 801 credit score; 161 points greater than 640 program requirement 2. borrower has been self-employed for the past 12 years as a XXX with XXX 3. Perfect credit history since inception of earliest account opened XXX 4. No Public Records Cured Credit EG1 7/24/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 514 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure and TX Mortgage Company Disclosure. 7000-2407 7/29/2019 Waived/Exception Granted    Compensating Factors: 1. 21 months reserves, 18 months greater than program guideline 3 months reserves requirement 2. 13.843% lower than program guideline maximum DTI of 43.00% 3. Owner of the same business for 4 years Waived Compliance EG2 7/24/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 514 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. The Closing Disclosure in file dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.   Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2406 7/29/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD with borrower letter and proof of delivery, reflecting seller-paid fees. Compensating Factors: 1. 21 months reserves, 18 months greater than program guideline 3 months reserves requirement 2. 13.843% lower than program guideline maximum DTI of 43.00% 3. Owner of the same business for 4 years Cured Compliance EG2 7/24/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 514 XXX XXX XXX Compliance - Regulatory Compliance //UPDATE XXX: The appraisal report was received and now reflects XXX County.  However, page 2 of the Deed of Trust still reflects XXX County. Need Lender's Attestation with evidence Deed of Trust recorded in XXX County. The Deed of Trust dated XXX on Page 2 of 16  reflects property in XXXCounty, however, the Legal  Description on Page 11 reflects the property is in XXX County.  The Appraisal in file shows on page 1,  that property is in XXX County, however on page 27,  the Tax sheet reflects the property is in XXX County.  The Tax Record Information sheet reflects XXX County as well as XXX Zip code Directory.  Need Lender's Attestation regarding the error and corrections to Deed of Trust and Appraisal.  Need explanation letter to borrower and proof of method of delivery. 7000-2404 8/2/2019 Property condition cleared Received notice of correction changing the recorded DOT to XXX county from XXX County. Compensating Factors: 1. 21 months reserves, 18 months greater than program guideline 3 months reserves requirement 2. 13.843% lower than program guideline maximum DTI of 43.00% 3. Owner of the same business for 4 years Cured Compliance EG1 7/24/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 515 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.   The Closing Disclosure in file dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2477 8/9/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received Seller CD with PCCD, borrower letter, and proof of delivery, reflecting seller paid fees. The fees listed on the Seller CD and PCCD reconcile. Compensating Factors: 1. 10.618% DTI, 32.382% less than program guideline maximum DTI of 43.00% 2. 16 months reserves, 13 months greater than program guideline 3 months reserves requirement 3. Owner of the same business for 3 years 4. No public records Cured Compliance EG2 8/5/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 515 XXX XXX XXX Compliance - Regulatory Compliance Missing Loan Options Disclosure/Anti-Steering Options Disclosure. 7000-2478 8/7/2019 Waived/Exception Granted    Compensating Factors: 1. 10.618% DTI, 32.382% less than program guideline maximum DTI of 43.00% 2. 16 months reserves, 13 months greater than program guideline 3 months reserves requirement 3. Owner of the same business for 3 years 4. No public records Waived Compliance EG2 8/5/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 515 XXX XXX XXX Compliance - Regulatory Compliance The Licensing/Registration check returned the following results as of the application date of XXX:  Loan Originator's NMLS #XXX reflects Loan Originator is NOT Authorized to Represent Loan Originator Company NMLS #XXX. 7000-2479 8/8/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) validated LO is showing license with lender. ALso shows authorized to conduct business. OK to clear Compensating Factors: 1. 10.618% DTI, 32.382% less than program guideline maximum DTI of 43.00% 2. 16 months reserves, 13 months greater than program guideline 3 months reserves requirement 3. Owner of the same business for 3 years 4. No public records Cured Compliance EG1 8/5/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 516 XXX XXX XXX Credit - Income and Assets Missing 12 months bank statements used to calculate the borrower's qualifying income of $XXX. Subject to further review and conditions. 7000-2481 8/7/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) XXX: Received 12 months bank statements to calculate income. Compensating Factors: 1. 49.045% LTV, 30.955% less than program guideline maximum LTV of 80.00% 2. 33 months reserves, 29 months greater than program guideline 4 months reserves requirement 3. Owner of the same business for 25 years 4. Excellent mortgage payment history 5. No public records Cured Credit EG1 8/5/2019 Second Home FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 516 XXX XXX XXX Compliance - Regulatory Compliance //UPDATE XXX: Received Seller CD; however, the final Closing Disclosure dated XXX is missing the seller fees. Need Post Consummation Closing Disclosure (PCCD) with letter to borrower and proof of method of delivery reflecting all seller-paid fees on the PCCD. Missing Seller's Closing Disclosure /Final Settlement Statement to confirm all Seller Paid Fees are reflected on the Post Consummation CD in file dated XXX.  If fees not confirmed, will Need a Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2483 8/8/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD with borrower letter, proof of delivery, and Seller CD - seller fees reconcile between Seller CD and PCCD. Compensating Factors: 1. 49.045% LTV, 30.955% less than program guideline maximum LTV of 80.00% 2. 33 months reserves, 29 months greater than program guideline 4 months reserves requirement 3. Owner of the same business for 25 years 4. Excellent mortgage payment history 5. No public records Cured Compliance EG2 8/5/2019 Second Home FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 516 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. The Closing Disclosure in file dated XXX reflects Title - Settlement Fee paid to XXX for $XXX listed in Section C and need to be moved to Section B per the Service Providers List.  Need Post Consummation Closing Disclosure, with borrower explanation letter and proof of delivery, reflecting the Title - Settlement Fee in Section B. 7000-2484 8/9/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD with borrower letter and proof of delivery, showing $XXX Settlement Fee only listed in Section B. Compensating Factors: 1. 49.045% LTV, 30.955% less than program guideline maximum LTV of 80.00% 2. 33 months reserves, 29 months greater than program guideline 4 months reserves requirement 3. Owner of the same business for 25 years 4. Excellent mortgage payment history 5. No public records Cured Compliance EG2 8/5/2019 Second Home FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 517 XXX XXX XXX Credit - General Underwriting Guideline Violation Client approved exception due to credit score is 671 vs program requirement of 680Compensating Factors:1. Owner of the same business for 30 years2. No public records3. All tradelines paid as agreed since earliest account inception dated XXX 7000-2508 8/8/2019 Waived/Exception Granted  XXX: Client elects to waive guideline requirement with compensating factors. Compensating Factors: 1. Owner of the same business for 30 years 2. No public records 3. All tradelines paid as agreed since earliest account inception dated XXX Waived Credit EG2 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 517 XXX XXX XXX Credit - General Underwriting Guideline Violation Client approved exception for reserves not meeting program requirements. Compensating Factors:1. Owner of the same business for 30 years2. No public records3. All tradelines paid as agreed since earliest account inception dated XXX 7000-3088 9/19/2019 Waived/Exception Granted    Compensating Factors: 1. Owner of the same business for 30 years 2. No public records 3. All tradelines paid as agreed since earliest account inception dated XXX Waived Credit EG2 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 517 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Points increased on Loan Estimate dated XXX and Appraisal Fee increased on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX. 7000-2500 8/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC reflecting the re-lock with terms as reflected on the XXX LE. With the COC accounted for, the loan met the TRID reimbursement test. Compensating Factors: 1. Owner of the same business for 30 years 2. No public records 3. All tradelines paid as agreed since earliest account inception dated XXX Cured Compliance EG1 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 517 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1 This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX. 7000-2501 8/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC for loan re-loc as reflected on the XXX LE. The loan now passes TRID reimbursement test. Compensating Factors: 1. Owner of the same business for 30 years 2. No public records 3. All tradelines paid as agreed since earliest account inception dated XXX Cured Compliance EG1 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 517 XXX XXX XXX Credit - Income and Assets Missing evidence of gift funds transfer of $XXX with copy of borrower's deposit slip, donor's check to the closing agent, or settlement statement showing receipt of the donors check.   /// UPDATED XXX:  duplicate copy of XXX XXX (donor account) has been received.  Wire to escrow from borrower's account has been received.  Still missing evidence the donor's give was wired to the borrower's account. //  UPDATED XXX: Received New gift letter amending gift amount to $XXX and borrower statement showing receipt of the $XXX dated XXX.  New reserves calculation now short: Total assets $XXX (XXX - includes $XXX gift funds) less total cash into transaction $XXX = shortage $XXX /// UPDATE XXX Received XXX end date XXX.  Used available bal of $XXX as of XXX(prior to close of loan).  Updated asset calc: $XXX(includes gift funds of $XXX) less total cast into transaction $XXX = net reserves $XXX and insufficient to meet 3 month requirement. \\\\ Update XXX Client exception for reserves received. 7000-2509 9/19/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. Owner of the same business for 30 years 2. No public records 3. All tradelines paid as agreed since earliest account inception dated XXX Cured Credit EG1 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 517 XXX XXX XXX Credit - Income and Assets Missing XXX bank statement from XXX account ending in XXX. Loan is subject to income recalculation 7000-2506 8/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) XXX: Received XXX bank statement. DTI within guidelines. Compensating Factors: 1. Owner of the same business for 30 years 2. No public records 3. All tradelines paid as agreed since earliest account inception dated XXX Cured Credit EG1 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 518 XXX XXX XXX Credit - General Underwriting Guideline Violation Client approved exception due to loan amount is $XXX vs program minimum of $XXXCompensating Factors:1. 27.00% DTI, 23% less than program guideline maximum DTI of 50.00%2. 66 months , 61 months greater than program guideline 5 months reserves requirement3. Owner of the same business for 20 years4. No public records5. Excellent mortgage payment history since XXX 7000-2513 8/9/2019 Waived/Exception Granted  XXX: Client elects to waive guideline requirement with compensating factors. Compensating Factors: 1. 27.00% DTI, 23% less than program guideline maximum DTI of 50.00% 2. 66 months , 61 months greater than program guideline 5 months reserves requirement 3. Owner of the same business for 20 years 4. No public records 5. Excellent mortgage payment history since XXX Waived Credit EG2 8/8/2019 Primary Residence TX XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 518 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing copy of Hazard Insurance policy for property located at XXX. Subject to recalculation of debt ratios. 7000-2535 8/28/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 27.00% DTI, 23% less than program guideline maximum DTI of 50.00% 2. 66 months , 61 months greater than program guideline 5 months reserves requirement 3. Owner of the same business for 20 years 4. No public records 5. Excellent mortgage payment history since XXX Cured Credit EG1 8/8/2019 Primary Residence TX XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 519 XXX XXX XXX Compliance - Regulatory Compliance Missing appraisal invoice to confirm Appraisal Fee of $XXX as reflected on Final Closing Disclosure dated XXX. 7000-2474 8/9/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD with borrower letter and proof of delivery, reflecting the correct POC appraisal fee amount. Compensating Factors:  1. 732 credit score; 52 points above minimum credit score of 680 as required by guidelines  2. DTI of 35.42%, 7.58% lower than the max DTI of 43.00% as required in the guidelines 3. 15 months reserves; 9 months greater than 6 months reserve requirement 4. Borrower has been self-employed for the last 16 years 5. No public records Cured Compliance EG2 8/2/2019 Primary Residence LA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 519 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Alta Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees per Alta Settlement Statement. 7000-2482 8/6/2019 Waived/Exception Granted    Compensating Factors:  1. 732 credit score; 52 points above minimum credit score of 680 as required by guidelines  2. DTI of 35.42%, 7.58% lower than the max DTI of 43.00% as required in the guidelines 3. 15 months reserves; 9 months greater than 6 months reserve requirement 4. Borrower has been self-employed for the last 16 years 5. No public records Waived Compliance EG2 8/2/2019 Primary Residence LA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 520 XXX XXX XXX Compliance - Regulatory Compliance Missing Loan Options Disclosure/Anti-Steering Options Disclosure. 7000-2516 8/13/2019 Waived/Exception Granted    Compensating Factors: 1. 22.02% DTI, 27.98% less than program guideline maximum DTI of 50.00% 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 647 FICO scores, 7 points greater than program guideline minimum FICO scores of 640 4. No public records Waived Compliance EG2 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG2   EG2   EG1   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 521 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure (CD) in file dated XXX do not match the Seller Paid fees on the ALTA Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. 7000-2518 8/15/2019 Waived/Exception Granted    Compensating Factors:  1. 754 credit score; 94 points above minimum credit score of 660 as required by guidelines  2. 57 months reserves; 54 months greater than 3 months reserve requirement  3. Housing history is 0x30 for 12 months Waived Compliance EG2 8/12/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 521 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  On the revised Loan Estimate (LE) in file dated XXX the "Lender Credits" decreased without a valid Change of Circumstance, resulting in the below TRID Tolerance Violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the lender credits that cannot decrease test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX).  The total tolerance violation is 903.00.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.  The total tolerance violation is -$XXX. 7000-2519 8/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC reflecting loan lock and terms match XXX LE. Compensating Factors:  1. 754 credit score; 94 points above minimum credit score of 660 as required by guidelines  2. 57 months reserves; 54 months greater than 3 months reserve requirement  3. Housing history is 0x30 for 12 months Cured Compliance EG1 8/12/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 521 XXX XXX XXX Credit - Income and Assets Missing evidence as to who the XXX, account ending XXX, belongs to. The online printouts in file do not reflect the name of the owner of the account. Subject to recalculation of assets. 7000-2548 8/20/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) Condition cleared Compensating Factors:  1. 754 credit score; 94 points above minimum credit score of 660 as required by guidelines  2. 57 months reserves; 54 months greater than 3 months reserve requirement  3. Housing history is 0x30 for 12 months Cured Credit EG1 8/12/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 521 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing source of the following large deposits into borrower's XXX, account ending XXX: $XXX on XXX. Subject to recalculation of assets. 7000-2551 8/16/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) XXX: Received XXX statement sourcing $XXX transfer. Compensating Factors:  1. 754 credit score; 94 points above minimum credit score of 660 as required by guidelines  2. 57 months reserves; 54 months greater than 3 months reserve requirement  3. Housing history is 0x30 for 12 months Cured Credit EG1 8/12/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 522 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2526 8/13/2019 Waived/Exception Granted    Compensating Factors: 1. 16.648% DTI, 33.352% less than program guideline maximum DTI of 50.00% 2. 533 months reserves, 530 months greater than program guideline 3 months reserves requirement 3. 783 FICO scores, 103 points greater than program guideline minimum FICO scores of 680 4. No public records 5. Excellent mortgage payment history Waived Compliance EG2 8/9/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 522 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  IL Loan Brokerage Agreement and IL Loan Brokerage Disclosure Statement. 7000-2524 8/13/2019 Waived/Exception Granted    Compensating Factors: 1. 16.648% DTI, 33.352% less than program guideline maximum DTI of 50.00% 2. 533 months reserves, 530 months greater than program guideline 3 months reserves requirement 3. 783 FICO scores, 103 points greater than program guideline minimum FICO scores of 680 4. No public records 5. Excellent mortgage payment history Waived Compliance EG2 8/9/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 523 XXX XXX XXX Compliance - Regulatory Compliance The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2567 8/14/2019 Waived/Exception Granted    Compensating factors  1. FICO of 770 is 150 greater than the minimum of 620 required by the lender guidelines  2. No public records  3. 0x30 housing history for 12 months Waived Compliance EG2 8/13/2019 Primary Residence RI XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 523 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing monthly tax obligation for the rental property located at XXX . Subject to recalculation of debt to income ratio 7000-2585 8/15/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) XXX: Received county printout with proof of taxes. Compensating factors  1. FICO of 770 is 150 greater than the minimum of 620 required by the lender guidelines  2. No public records  3. 0x30 housing history for 12 months Cured Credit EG1 8/13/2019 Primary Residence RI XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 524 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Closing Disclosure (CD) in file dated XXX is missing all of the Seller Paid fees according to the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. 7000-2685 8/21/2019 Waived/Exception Granted    Compensating Factors:  1. 653 credit score; 13 points above minimum credit score of 640 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 3 years 5. DTI ratio of 24.39%; 25.61% less than 50% maximum Waived Compliance EG2 8/19/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 524 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing documentation to evidence that the property located at XXX has been sold. Subject to the recalculation of the debt to income ratio. 7000-2700 8/22/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors:  1. 653 credit score; 13 points above minimum credit score of 640 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 3 years 5. DTI ratio of 24.39%; 25.61% less than 50% maximum Cured Credit EG1 8/19/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 525 XXX XXX XXX Compliance - Regulatory Compliance The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2625 8/19/2019 Waived/Exception Granted    Compensating Factors:  1. 690 credit score; 10 points above minimum credit score of 680 as required by guidelines 2. 53.333% LTV; 31.667% below 85% maximum 3. No public records 4. Borrower has been employed for the last 10.5 years 5. DTI ratio of 46.46%; 3.54% less than 50% maximum Waived Compliance EG2 8/16/2019 Primary Residence GA XXX Purchase Non-Qualified Mortgage EG2   EG2   EG1   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 525 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Disclosure. 7000-2628 8/19/2019 Waived/Exception Granted    Compensating Factors:  1. 690 credit score; 10 points above minimum credit score of 680 as required by guidelines 2. 53.333% LTV; 31.667% below 85% maximum 3. No public records 4. Borrower has been employed for the last 10.5 years 5. DTI ratio of 46.46%; 3.54% less than 50% maximum Waived Compliance EG2 8/16/2019 Primary Residence GA XXX Purchase Non-Qualified Mortgage EG2   EG2   EG1   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 526 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2546 8/15/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD with borrower letter and proof of delivery, reflecting seller-paid fees. Compensating Factors:  1. 700 credit score; 20 points above minimum credit score of 680 as required by guidelines  2. 7 months reserves; 4 months greater than 3 months reserve requirement  3. DTI of 32.09%, 10.91% lower than the max DTI of 43.00% as required in the guidelines Cured Compliance EG2 8/12/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 526 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Broker Fee changed from Indirect to Broker Fee Paid on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation. Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is notsufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX. 7000-2549 8/15/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received 07/29/2019 COC for pricing change to borrower-paid origination fee. Compensating Factors:  1. 700 credit score; 20 points above minimum credit score of 680 as required by guidelines  2. 7 months reserves; 4 months greater than 3 months reserve requirement  3. DTI of 32.09%, 10.91% lower than the max DTI of 43.00% as required in the guidelines Cured Compliance EG1 8/12/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 526 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  TX Mortgage Company Disclosure. 7000-2550 8/14/2019 Waived/Exception Granted    Compensating Factors:  1. 700 credit score; 20 points above minimum credit score of 680 as required by guidelines  2. 7 months reserves; 4 months greater than 3 months reserve requirement  3. DTI of 32.09%, 10.91% lower than the max DTI of 43.00% as required in the guidelines Waived Compliance EG2 8/12/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 527 XXX XXX XXX Compliance - Regulatory Compliance The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2659 8/20/2019 Waived/Exception Granted    Compensating Factors: 1. 121 months reserves, 118 months greater than program guideline 3 months reserves requirement 2. 74.874% LTV, 10.126% less than program guideline maximum LTV of 85.00% 3. 732 FICO, 12 points greater than program guideline minimum FICO of 720 4. 42.25% DTI, 7.75% less than program guideline maximum DTI of 50.00% Waived Compliance EG2 8/19/2019 Second Home NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 527 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  NJ Attorney Fee Notice and NJ Mortgage Broker Agreement. 7000-2662 8/20/2019 Waived/Exception Granted    Compensating Factors: 1. 121 months reserves, 118 months greater than program guideline 3 months reserves requirement 2. 74.874% LTV, 10.126% less than program guideline maximum LTV of 85.00% 3. 732 FICO, 12 points greater than program guideline minimum FICO of 720 4. 42.25% DTI, 7.75% less than program guideline maximum DTI of 50.00% Waived Compliance EG2 8/19/2019 Second Home NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 527 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Lender Credit was removed on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits($XXX) 7000-2661 8/21/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC reflecting relock at PAR/no lender credit. Compensating Factors: 1. 121 months reserves, 118 months greater than program guideline 3 months reserves requirement 2. 74.874% LTV, 10.126% less than program guideline maximum LTV of 85.00% 3. 732 FICO, 12 points greater than program guideline minimum FICO of 720 4. 42.25% DTI, 7.75% less than program guideline maximum DTI of 50.00% Cured Compliance EG1 8/19/2019 Second Home NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 528 XXX XXX XXX Credit - Income and Assets Client approved exception for DTI ratio of 45.46% is higher than the 43% maximum.Compensating Factors:1. 694 credit score; 14 points above minimum credit score of 680 as required by guidelines2. Mortgage history is 0x30 for 12 months  3. No public records4. Borrower has been self-employed for the last 5 years 7000-2664 8/16/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors:  1. 694 credit score; 14 points above minimum credit score of 680 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 5 years Waived Credit EG2 8/16/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 528 XXX XXX XXX Compliance - Regulatory Compliance Missing appraisal invoice to confirm Appraisal Fee of $XXX as reflected on Final Closing Disclosure dated XXX. 7000-2612 8/19/2019 Waived/Exception Granted    Compensating Factors:  1. 694 credit score; 14 points above minimum credit score of 680 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 5 years Waived Compliance EG2 8/16/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 528 XXX XXX XXX Compliance - Regulatory Compliance Mortgage in File dated XXX is missing the Legal Description reflected as Exhibit A on page 2 of 10.  Need complete copy of Mortgage inclusive of all pages including Legal Description, signed and notarized. 7000-2610 8/20/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received all pages of mortgage with legal description. Compensating Factors:  1. 694 credit score; 14 points above minimum credit score of 680 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 5 years Cured Compliance EG1 8/16/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 528 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID timing of disclosures.  Missing proof of consumer's receipt of Initial Closing Disclosure provided reflecting a Date Issued of XXX and a Closing Date of 08/06/2019 results in the below TRID timing violation.  Initial Closing Disclosure Timing Requirements - XXX This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR 1026.19(f)(1)(ii))The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or The initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction. The creditor shall ensure that the consumer receives the disclosures required under paragraph 1026.19(f)(1)(i) no later than three business days before consummation. 7000-2613 8/19/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX Disclosure Tracking. Compensating Factors:  1. 694 credit score; 14 points above minimum credit score of 680 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 5 years Cured Compliance EG1 8/16/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 529 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: 100% of the earnest money deposit and funds to close are coming from a gift vs program requirement that at least 5% of the purchase transaction must be from borrower's own funds when there is a non-occupant co-borrowerCompensating Factors:1. 23.36% DTI, 26.64% less than program guideline maximum DTI of 50.00%2. 670 FICO score, 30 points greater than program guideline minimum FICO of 6403. 45 months reserves, 40 months greater than program guideline 5 months reserves requirement4. No public records for both borrowers 7000-2772 8/22/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors: 1. 23.36% DTI, 26.64% less than program guideline maximum DTI of 50.00% 2. 670 FICO score, 30 points greater than program guideline minimum FICO of 640 3. 45 months reserves, 40 months greater than program guideline 5 months reserves requirement 4. No public records for both borrowers’ Waived Credit EG2 8/22/2019 Primary Residence IN XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 530 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance. Appraisal Fee, Document Preparation Fee and Misc Charges all increased on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX. After the $XXX Lender Credit was applied, the remaining tolerance violation is $XXX. 7000-2774 9/3/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, borrower letter, reimbursement check, and proof of delivery. Compensating Factors: 1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 8 years 3. No public records Cured Compliance EG2 8/26/2019 Primary Residence OK XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 530 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Alta Settlement Statement in file dated Seller's Closing Disclosure in file dated XXX. Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2795 9/6/2019 Waived/Exception Granted    Compensating Factors: 1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 8 years 3. No public records Waived Compliance EG2 8/26/2019 Primary Residence OK XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 530 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Allow funds for down payment and closings costs coming from borrower's business account vs program requirement that if funds in a business bank or brokerage account have not been transferred to the borrowers personal accounts, such funds may not be included in down payment and closing fundsCompensating Factors:1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00%2. Owner of the same business for 8 years3. No public records 7000-2788 8/27/2019 Waived/Exception Granted    Compensating Factors: 1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 8 years 3. No public records Waived Credit EG2 8/26/2019 Primary Residence OK XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 530 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Credit Score is 674 vs program requirement of 680Compensating Factors:1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00%2. Owner of the same business for 8 years3. No public records 7000-2789 8/27/2019 Waived/Exception Granted    Compensating Factors: 1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 8 years 3. No public records Waived Credit EG2 8/26/2019 Primary Residence OK XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 530 XXX XXX XXX Credit - Credit Missing satisfactory mortgage rating 1x30 for past 12 months for the borrowers' departing residence located at XXX 7000-2786 9/6/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 8 years 3. No public records Cured Credit EG1 8/26/2019 Primary Residence OK XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Compliance - Regulatory Compliance Lender over disclosed ETIA/Escrow collection on Final CD dated XXX. Total ETIA and monthly escrow totals should be $XXX not $XXX. Hazard Insurance premium of $XXX monthly is $XXX.  For Taxes, used Tax Information Sheet, shows annual Property tax amount of $XXX  monthly $XXX. HOA monthly $XXX.  Adding these three monthly  amounts equals $XXX. NEED PCCD correcting escrows/ETIA, along with letter of explanation and proof of method of delivery to borrower. 7000-2750 9/13/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD with borrower letter and proof of delivery. Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Cured Compliance EG2 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Credit - Credit Missing a satisfactory mortgage or rent rating 1x30 for past 12 months is required for the primary borrower's XXX. The primary borrower's indicates that he has owned a primary residence for 4 years; however, the DataVerify report and Credit Report indicates that the primary residence was purchase on XXX 7000-2765 9/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Cured Credit EG1 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Mortgage Broker Fee increased on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX. 7000-2746 8/26/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received 7/25/2019 COC. Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Cured Compliance EG1 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Lender Credit was removed on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.This loan failed the lender credits that cannot decrease test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.  An estimated closing cost disclosed pursuant to 1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under 1026.19(e)(1)(i). This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.  Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under 1026.19(e)(3)(i) or (ii), the creditor complies with 1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with 1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation. 7000-2747 8/26/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC. Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Cured Compliance EG1 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. XXX of XXX. title fees listed in Section C should be listed in Section B as XXX. was listed on the Written List of Service Providers. Need Post Consummation Closing Disclosure with borrower letter and proof of delivery, listing the aforementioned fees in Section B. 7000-2754 8/26/2019 Waived/Exception Granted    Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Waived Compliance EG2 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  NV Disclosure of Fees Earned by Mortgage Broker. 7000-2748 8/26/2019 Waived/Exception Granted    Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Waived Compliance EG2 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: LTV is 82.00% vs program maximum of 80.00%Compensating Factors:1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties)2. 732 FICO, 72 points greater than program guideline minimum FICO of 6603. No public records 7000-2756 8/22/2019 Waived/Exception Granted    Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Waived Credit EG2 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Credit - Income and Assets Missing verification of self employment for a minimum of 2 continuous years using Business License, CPA Letter or Regulatory Agency for XXX. 7000-2757 9/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Cured Credit EG1 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Credit - Income and Assets Missing XXX statement from XXX account ending in XXX. Guidelines required 12 month period preceding the month of the borrower's initial loan application. Loan is subject to income recalculation 7000-2769 9/13/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Cured Credit EG1 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX Credit - Income and Assets Recalculated income of $XXX resulted in a DTI of 70.38% which exceeded loan program guideline maximum DTI of 50.00%. The schedule K1 in file indicate 50% ownership; however, the Lender calculated the income at 100% ownership // UPDATED XXX:  XXX does not overcome the verified 50% ownership percentage reflected on the 2017 K1 statement.  The K1 statement shows the same ownership percentage at the beginning and ending of 2017. \\\ Update XXX Need 2017 K-1 to evidence that XXX is a 50% owner in XXX. The Cert of limited partnership does not reflect the ownership interest of XXX. 7000-2770 9/6/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records Cured Credit EG1 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 532 XXX XXX XXX Compliance - Regulatory Compliance //UPDATE XXX: Received PCCD with borrower letter and proof of delivery, reflecting seller-paid fees. However, the total seller-paid fees do not match the seller-paid fees as listed on the XXX Alta Settlement Statement - variance due to $XXX Title - Settlement Fee. Need Post Consummation Closing Disclosure with borrower letter and proof of delivery, or Client may choose to waive. The Closing Disclosure dated XXX is Missing almost all of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2802 9/4/2019 Waived/Exception Granted    Compensating Factors:  1. 771 credit score; 51 points above minimum credit score of 720 as required by guidelines 2. No public records 3. Borrower has been self-employed for the last 7.25 years 4. DTI ratio of 39.91%; 10.09% less than 50% maximum Waived Compliance EG2 8/28/2019 Primary Residence MD XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 532 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Appraisal Fee increased on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX. 7000-2804 9/3/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, borrower letter, reimbursement check, and proof of delivery. Compensating Factors:  1. 771 credit score; 51 points above minimum credit score of 720 as required by guidelines 2. No public records 3. Borrower has been self-employed for the last 7.25 years 4. DTI ratio of 39.91%; 10.09% less than 50% maximum Cured Compliance EG2 8/28/2019 Primary Residence MD XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 533 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure:  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Alta Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2833 8/29/2019 Waived/Exception Granted    Compensating factos  1. FICO 677 is 17 points greater than the minimum of 660 required by the guidelines 2. No public records  3. 0x30 housing history for 22 months Waived Compliance EG2 8/28/2019 Primary Residence TN XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 533 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing the XXX bank statement for the borrower's account XXX with XXX to support income used to qualify. 7000-2816 8/30/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating factos  1. FICO 677 is 17 points greater than the minimum of 660 required by the guidelines 2. No public records  3. 0x30 housing history for 22 months Cured Credit EG1 8/28/2019 Primary Residence TN XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 533 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing signed letter of explanation and source of all of the transfer credit deposits into the borrower's XXX account dated XXX ending in XXX.  Statement does not show origination of the transfer credits. Subject to re-calculation of assets upon receipt. 7000-2825 9/4/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating factos  1. FICO 677 is 17 points greater than the minimum of 660 required by the guidelines 2. No public records  3. 0x30 housing history for 22 months Cured Credit EG1 8/28/2019 Primary Residence TN XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 533 XXX XXX XXX Credit - Legal Documentation The Mortgage is missing the notary date and signature. 7000-2796 8/29/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received all pages of the mortgage with riders. Compensating factos  1. FICO 677 is 17 points greater than the minimum of 660 required by the guidelines 2. No public records  3. 0x30 housing history for 22 months Cured Credit EG1 8/28/2019 Primary Residence TN XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 534 XXX XXX XXX Credit - General Underwriting Guideline Violation Lender to provide evidence of monthly obligations for HOA dues for the property located at XXX 7000-2864 9/4/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 32.25% DTI, 17.75% less than program guideline maximum DTI of 50.00% 2. 60.00% LTV, 30% less than program guideline maximum LTV of 90.00% 3. 750 FICO Score, 70 points greater than program guideline minimum FICO of 680 4. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement Cured Credit EG1 8/30/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG1   EG1   EG1  
05/12/2022 22NQM2 - 534 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Borrower has 1 active tradeline and 1 inactive tradeline for at least 12 months vs program minimum requirement of 2 active tradelines and 1 inactive tradeline for at least 12 monthsCompensating Factors:1. 32.25% DTI, 17.75% less than program guideline maximum DTI of 50.00%2. 60.00% LTV, 30% less than program guideline maximum LTV of 90.00%3. 750 FICO Score, 70 points greater than program guideline minimum FICO of 6804. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 7000-2863 8/30/2019 Waived/Exception Granted    Compensating Factors: 1. 32.25% DTI, 17.75% less than program guideline maximum DTI of 50.00% 2. 60.00% LTV, 30% less than program guideline maximum LTV of 90.00% 3. 750 FICO Score, 70 points greater than program guideline minimum FICO of 680 4. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement Waived Credit EG2 8/30/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG1   EG1   EG1  
05/12/2022 22NQM2 - 534 XXX XXX XXX Compliance - Regulatory Compliance Missing Grant Deed to confirm vesting. 7000-2856 9/5/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received executed and notarized Warranty Deed. Compensating Factors: 1. 32.25% DTI, 17.75% less than program guideline maximum DTI of 50.00% 2. 60.00% LTV, 30% less than program guideline maximum LTV of 90.00% 3. 750 FICO Score, 70 points greater than program guideline minimum FICO of 680 4. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement Cured Compliance EG1 8/30/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG1   EG1   EG1  
05/12/2022 22NQM2 - 535 XXX XXX XXX Credit - Income and Assets Missing required signed 4506-T\\\\Update XXX 4506 is not complete. The tax  years requested has not been completed. 7000-2887 9/17/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 34.68% DTI, 15.32% less than program guideline maximum DTI of 50.00% 2. 108 months, 105 months greater than program guideline 3 months reserves requirement 3. Employed with the same employer for the past 8 years 4. No public records 5. 635 FICO Score, 15 points greater than program guideline minimum FICO of 620 Cured Credit EG1 9/4/2019 Primary Residence MD XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 535 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Borrower has only been on title and deed for the past 2.5 months (the subject property was in probate. Borrower took ownership of the subject as trustee of the estate on XXX and was added to title and deed at that time). VS program requirement that at least one borrower must have been on title and deed for at least 90 days preceding the date of the new loanCompensating Factors:1. 34.68% DTI, 15.32% less than program guideline maximum DTI of 50.00%2. 108 months, 105 months greater than program guideline 3 months reserves requirement3. Employed with the same employer for the past 8 years4. No public records5. 635 FICO Score, 15 points greater than program guideline minimum FICO of 620 7000-2886 9/5/2019 Waived/Exception Granted    Compensating Factors: 1. 34.68% DTI, 15.32% less than program guideline maximum DTI of 50.00% 2. 108 months, 105 months greater than program guideline 3 months reserves requirement 3. Employed with the same employer for the past 8 years 4. No public records 5. 635 FICO Score, 15 points greater than program guideline minimum FICO of 620 Waived Credit EG2 9/4/2019 Primary Residence MD XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 536 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-2902 9/10/2019 Waived/Exception Granted    Compensating Factors: 1. 31.81% DTI, 18.19% less than program guideline maximum DTI of 50.00% 2. 80.00% LTV, 10.00% less than program guideline maximum LTV of 90.00% 3. 12 months reserves, 9 months greater than program guideline 3 months reserves requirement 4. 716 FICO scores, 36 points greater than program guideline minimum FICO scores of 680 5. Owner of the same business for 14 years Waived Compliance EG2 9/6/2019 Primary Residence GA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 537 XXX XXX XXX Compliance - Regulatory Compliance Missing signed Lender's explanation for incomplete Closing Disclosure in file, as it is not marked as "Draft" or "Preliminary". 7000-2982 9/13/2019 Waived/Exception Granted    Compensating Factors: 1. Owner of the same business for the past 16 years 2. 769 FICO Scores, 49 points greater than the program guideline minimum FICO of 720 3. 41.09% DTI, 8.91% less than program guideline maximum DTI of 50.00% 4. 12 months reserves, 7 months greater than program guideline 5 months reserves requirement Waived Compliance EG2 9/13/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG3   EG1  
05/12/2022 22NQM2 - 537 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Allow down payment and closing costs paid with borrowers business funds vs program requirement that business funds used for down payment and/or closing costs must be transferred to borrowers personal accountCompensating Factors:1. Owner of the same business for the past 16 years2. 769 FICO Scores, 49 points greater than the program guideline minimum FICO of 7203. 41.09% DTI, 8.91% less than program guideline maximum DTI of 50.00%4. 12 months reserves, 7 months greater than program guideline 5 months reserves requirement 7000-3011 9/13/2019 Waived/Exception Granted    Compensating Factors: 1. Owner of the same business for the past 16 years 2. 769 FICO Scores, 49 points greater than the program guideline minimum FICO of 720 3. 41.09% DTI, 8.91% less than program guideline maximum DTI of 50.00% 4. 12 months reserves, 7 months greater than program guideline 5 months reserves requirement Waived Credit EG2 9/13/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG3   EG1  
05/12/2022 22NQM2 - 537 XXX XXX XXX Credit - Income and Assets Missing XXX XXX statement account ending in XXX. Loan is subject to income recalculation 7000-3014 9/17/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. Owner of the same business for the past 16 years 2. 769 FICO Scores, 49 points greater than the program guideline minimum FICO of 720 3. 41.09% DTI, 8.91% less than program guideline maximum DTI of 50.00% 4. 12 months reserves, 7 months greater than program guideline 5 months reserves requirement Cured Credit EG1 9/13/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG3   EG1  
05/12/2022 22NQM2 - 537 XXX XXX XXX Property - Collateral Per appraisal, "The improvement has been modified to function as a SFR w/Accessory unit; no permits were pulled per the XXX permits division".  This is considered a health and safety issue as the Accessory unit may not be up to local code.  Since the unit is given value within the appraisal a permit to determine the safety of the unit is recommended. 7000-2994 9/17/2019 Property condition cleared Addendum  was provided Compensating Factors: 1. Owner of the same business for the past 16 years 2. 769 FICO Scores, 49 points greater than the program guideline minimum FICO of 720 3. 41.09% DTI, 8.91% less than program guideline maximum DTI of 50.00% 4. 12 months reserves, 7 months greater than program guideline 5 months reserves requirement Cured Property EG1 9/13/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG3   EG1  
05/12/2022 22NQM2 - 538 XXX XXX XXX Property - Collateral Missing required appraisal CDA for the lower value appraisal at $XXX on XXX. 7000-3055 9/27/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 36.39% DTI, 6.61% less than program guideline maximum DTI of 43.00% 2. 739 FICO Scores, 59 points greater than program guideline minimum FICO scores of 680 3. Owner of the same business for 10 years 4. No public records Cured Property EG1 9/17/2019 Primary Residence NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 538 XXX XXX XXX Compliance - Regulatory Compliance //UPDATE XXX: Received XXX Change of Circumstance; however, COC is insufficient due to the following: The XXX COC stated reason for change was loan was locked due to an interest rate-dependent charge. However, the XXX and XXX Loan Estimates showed that the loan was already locked prior to XXX, and the lock expiration date noted on the XXX Loan Estimate was the same lock expiration date as disclosed on the XXX and XXX Loan Estimates. The XXX COC does not accurately address the reason for the COC as it relates to the XXX LE changes. This loan failed TRID zero fee tolerance.  Lender Credit decreased on XXX without a valid Change of Circumstance results in the below TRID tolerance violation. This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits($1,321.00). 7000-3045 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) received rate lock forms that disclose the adjustments in pricing after initial lock. Compensating Factors: 1. 36.39% DTI, 6.61% less than program guideline maximum DTI of 43.00% 2. 739 FICO Scores, 59 points greater than program guideline minimum FICO scores of 680 3. Owner of the same business for 10 years 4. No public records Cured Compliance EG1 9/17/2019 Primary Residence NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 538 XXX XXX XXX Compliance - Regulatory Compliance //UPDATE XXX: Received XXX Change of Circumstance; however, COC is insufficient due to the following: The XXX COC stated reason for change was loan was locked due to an interest rate-dependent charge. However, the XXX and XXX Loan Estimates showed that the loan was already locked prior to XXX, and the lock expiration date noted on the XXX Loan Estimate was the same lock expiration date as disclosed on the XXX and XXX Loan Estimates. The XXX COC does not accurately address the reason for the COC as it relates to the XXX LE changes. As a result, the loan still does not pass the TRID reimbursement amount test.This loan failed TRID zero fee tolerance.  Lender Credit decreased on XXX without a valid Change of Circumstance results in the below TRID tolerance violation. This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits($XXX).This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX. Need PCCD, along with cure check, LOE and POD reflecting the total cure amount of $XXX for increases in appraisal fees and origination charges without a valid change of circumstance. 7000-3075 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) received lock confirmation that support adjustment in pricing after initial lock Compensating Factors: 1. 36.39% DTI, 6.61% less than program guideline maximum DTI of 43.00% 2. 739 FICO Scores, 59 points greater than program guideline minimum FICO scores of 680 3. Owner of the same business for 10 years 4. No public records Cured Compliance EG1 9/17/2019 Primary Residence NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 538 XXX XXX XXX Compliance - Regulatory Compliance Missing Grant Deed to confirm vesting. 7000-3041 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) received Grant Deed and ownership ties out Compensating Factors: 1. 36.39% DTI, 6.61% less than program guideline maximum DTI of 43.00% 2. 739 FICO Scores, 59 points greater than program guideline minimum FICO scores of 680 3. Owner of the same business for 10 years 4. No public records Cured Compliance EG1 9/17/2019 Primary Residence NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 538 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.  7000-3042 9/19/2019 Waived/Exception Granted    Compensating Factors: 1. 36.39% DTI, 6.61% less than program guideline maximum DTI of 43.00% 2. 739 FICO Scores, 59 points greater than program guideline minimum FICO scores of 680 3. Owner of the same business for 10 years 4. No public records Waived Compliance EG2 9/17/2019 Primary Residence NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 538 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  NJ Mortgage Broker Agreement. 7000-3047 9/19/2019 Waived/Exception Granted    Compensating Factors: 1. 36.39% DTI, 6.61% less than program guideline maximum DTI of 43.00% 2. 739 FICO Scores, 59 points greater than program guideline minimum FICO scores of 680 3. Owner of the same business for 10 years 4. No public records Waived Compliance EG2 9/17/2019 Primary Residence NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 539 XXX XXX XXX Credit - Credit Client approved exception for program requirement of at least 3 tradelines rated at minimum 12 months with 2 active within 12 months of the credit date. Borrower has a VOM and two active revolving accounts rated 11 and 7 months' and 2 closed accounts.Compensating Factors:1. 717 credit score; 17 point above minimum credit score of 700 as required by guidelines2. 38.757% LTV; 51.243% below 90% maximum3. Mortgage history is 0x30 for 12 months  4. No public records5. Borrower has been self-employed for the last 18.5 years6. DTI ratio of 16.409%; 26.591% less than 43% maximum 7000-3053 9/17/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors:  1. 717 credit score; 17 point above minimum credit score of 700 as required by guidelines 2. 38.757% LTV; 51.243% below 90% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been self-employed for the last 18.5 years 6. DTI ratio of 16.409%; 26.591% less than 43% maximum Waived Credit EG2 9/17/2019 Primary Residence FL XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 539 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Lender Credit was reduced on Loan Estimate dated XXX and balance removed on Loan Estimate dated XXX all without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits($XXX). 7000-3054 9/19/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received valid XXX & XXX COC's. Compensating Factors:  1. 717 credit score; 17 point above minimum credit score of 700 as required by guidelines 2. 38.757% LTV; 51.243% below 90% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been self-employed for the last 18.5 years 6. DTI ratio of 16.409%; 26.591% less than 43% maximum Cured Compliance EG1 9/17/2019 Primary Residence FL XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX Credit - Income and Assets Missing evidence of the gift funds transfer of $XXX from donor to Title/Escrow at closing.  Subject to re-calculation of reserves upon receipt. 7000-3091 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) wire transfer received Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 Cured Credit EG1 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX Credit - General Underwriting Guideline Violation Client approved exception in the loan file.  Client approved exception for Non-arms length transaction missing 2nd full appraisal vs program requirement for a full 2nd appraisal required on Non-arms length transaction. Compensating Factors1. Owner of the same business for the past 15 years2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00%4. No public records5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 7000-3705 10/23/2019 Waived/Exception Granted    Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 Waived Credit EG2 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Allow use of PayPal statements instead of traditional bank statements. Borrower is the sole proprietor, who sells memorabilia and toys, and is paid via XXX through sales on XXX Compensating Factors1. Owner of the same business for the past 15 years2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00%4. No public records5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 7000-3092 9/24/2019 Waived/Exception Granted  Seller granted exception with compensating factors Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 Waived Credit EG2 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3076 9/20/2019 Waived/Exception Granted    Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 Waived Compliance EG2 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  IL Loan Brokerage Agreement and IL Loan Brokerage Disclosure Statement. 7000-3078 9/20/2019 Waived/Exception Granted    Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 Waived Compliance EG2 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX Credit - General Underwriting Guideline Violation Subject is a non-arms length transaction per appraisal. Borrower is the tenant of the property being purchased.  Missing 2nd appraisal as required by guidelines  //  UPDATED XXX: contractual agreement between tenant and landlord is the business relationship.  Missing 2nd appraisal. 7000-3100 10/23/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) Meets XXX - No NOD on title. Need 2nd appraisal./// Client exception provided Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 Cured Credit EG1 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Lender credits decreased  on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specific andnon-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits($XXX).  Total amount $XXX. 7000-3077 9/26/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC. Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 Cured Compliance EG1 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  Lender under disclosed ETIA/non-escrow collection on Final CD dated XXX. Total ETIA  total should be $XXX not $XXX.  Hazard Insurance premium of $XXX monthly is $XXX.  For Taxes, used Tax Information Sheet, shows annual Property tax amount of $XXX  monthly $XXX, HOA is $XXX monthly based on the appraisal in file.  Adding these amounts equals $XXX. NEED PCCD correcting ETIA and non-escrow property costs in year 1, along with letter of explanation and proof of method of delivery to borrower. 7000-3061 9/25/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures Received PCCD dated XXX correcting the ETIA/ non escrow property costs in year 1 along with LOE and POD Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Cured Compliance EG2 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Compliance - Regulatory Compliance The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3058 9/19/2019 Waived/Exception Granted    Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Waived Compliance EG2 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Credit - Income and Assets The recalculated income of $XXX resulted in a DTI of 51.20% which exceeded the loan program guideline maximum DTI of 50.00%. The lender understated the monthly HOA dues by $XXX and did not included a revolving account from XXX account ending in XXX with a balance of $XXX and monthly payment of $XXX as well as a revolving account with XXX account ending in XXX with a balance of $XXX and monthly payment of $XXX. In addition, the Lender overstated the borrower's total deposits on the XXX statement from XXX account ending in XXX by $XXX. The XXX statement reflected total deposits of $XXX 7000-3083 10/23/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Cured Credit EG1 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Credit - Income and Assets Client exception approved provided. Client exception provided as recalculated DTI is 51.20%  vs program maximum of 50.00%Compensating Factors:1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement2. Owner of the same business for 9 years3. No public records4. 686 Fico is 6 points greater than program requirement of 680 7000-3700 10/23/2019 Waived/Exception Granted    Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Waived Credit EG2 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Points added on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX. 7000-3060 9/24/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC indicating broker compensation changed. Client notes indicated interest rate was reduced from XXX% to XXX%. Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Cured Compliance EG1 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Credit - Credit Missing verification of mortgage history for  property  located at XXX not to exceed 1X30 in the past 12 months. The mortgage statement indicates that the non-borrowing spouse is the lien holder. \\\Update XXX The mortgage history with XXX provided  reflects 2x30 in the past 12 months which exceeds the maximum 1x30x12 allowed by the lender guidelines. The pay history reflects the borrower was 30 days late in XXX and XXX. Missing documentation to support the borrower's current 12 month housing history, if borrower is responsible for mortgage history provided then exceeds housing history guidelines. 7000-3079 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Cured Credit EG1 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing final signed HUD proof of sale for departing residence located at XXX. Loan is subject to recalculation. \\\\Update XXX The borrower's reserves are sufficient to meet guideline requirement if borrower has retained property. 7000-3081 9/20/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Cured Credit EG1 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Lock Confirmation to verify terms of subject transaction. 7000-3082 9/23/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 Cured Credit EG1 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 543 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Allow funds for closing costs paid from borrowers business account vs program guideline requirement that business funds must be transferred to borrowers personal accountCompensating Factors:1. 795 credit score; 155 points greater than 640 program minimum2. 21 months reserves; 18 months greater than3 months program minimum3. 31.16% DTI; 11.84% less than 43.00% program minimum4. Borrower has been self-employed/Owner of the same business for 32 years 7000-3156 9/24/2019 Waived/Exception Granted  Client exception approval granted with compensating factors Compensating Factors:  1. 795 credit score; 155 points greater than 640 program minimum 2. 21 months reserves; 18 months greater than3 months program minimum 3. 31.16% DTI; 11.84% less than 43.00% program minimum 4. Borrower has been self-employed/Owner of the same business for 32 years Waived Credit EG2 9/24/2019 Primary Residence DE XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 543 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. Need Post Consummation Closing Disclosure correcting the fees.  Closing Disclosure in file dated XXX reflects Title Fees Paid to XXX and listed in Section C and need to be moved to Section B per the Service Providers List.   7000-3151 9/24/2019 Waived/Exception Granted    Compensating Factors:  1. 795 credit score; 155 points greater than 640 program minimum 2. 21 months reserves; 18 months greater than3 months program minimum 3. 31.16% DTI; 11.84% less than 43.00% program minimum 4. Borrower has been self-employed/Owner of the same business for 32 years Waived Compliance EG2 9/24/2019 Primary Residence DE XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 543 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  On CD issued XXX, under the Estimated Taxes, Insurance and Assessments section on page one, This estimate includes, Other is missing a description of the other assessments that are also included in escrow.  Need Post Consummation CD with a description of the other assessments that are also included in escrow and explanation letter to borrower with proof of method of delivery of all to borrower. 7000-3131 9/24/2019 Waived/Exception Granted    Compensating Factors:  1. 795 credit score; 155 points greater than 640 program minimum 2. 21 months reserves; 18 months greater than3 months program minimum 3. 31.16% DTI; 11.84% less than 43.00% program minimum 4. Borrower has been self-employed/Owner of the same business for 32 years Waived Compliance EG2 9/24/2019 Primary Residence DE XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 544 XXX XXX XXX Property - Collateral Missing Appraiser's E&O Insurance for appraiser XXX. 7000-3117 10/3/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00% 2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement  3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 Cured Property EG1 9/21/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 544 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3108 9/24/2019 Waived/Exception Granted    Compensating Factors: 1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00% 2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement  3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 Waived Compliance EG2 9/21/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 544 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  IL Civil Union Addendum to Uniform Residential Loan Application completed with boxes marked and signed by borrower, IL Loan Brokerage Agreement, and IL Loan Brokerage Disclosure Statement. 7000-3109 9/24/2019 Waived/Exception Granted    Compensating Factors: 1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00% 2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement  3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 Waived Compliance EG2 9/21/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 544 XXX XXX XXX Credit - General Underwriting Guideline Violation Client approved exception to allow down payment coming from the borrower's business account vs program requirement that if funds in a business bank or brokerage account must be transferred to the borrower's personal account. Compensating Factors:1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00%2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 7000-3144 9/23/2019 Waived/Exception Granted    Compensating Factors: 1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00% 2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement  3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 Waived Credit EG2 9/21/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 544 XXX XXX XXX Credit - Income and Assets Missing documentation to evidence that the borrower's is the sole owner of a XXX account ending in XXX and XXX.  A transfer of $XXX on XXX from XXX account ending in XXX to a XXX account ending in XXX and a transfer of $XXX on XXX from XXX account ending in XXX to a XXX account ending in XXX. Loan is subject to assets and reserves recalculation 7000-3118 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00% 2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement  3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 Cured Credit EG1 9/21/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 544 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID 10% fee tolerance.  This loan failed the charges that in total cannot increase more than 10% test. (12 CFR 1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to 1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($XXX) due to the Recording Fee exceed the comparable charges ($XXX) by more than 10%. 7000-3119 9/27/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, reimbursement check, borrower letter, and proof of delivery. Compensating Factors: 1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00% 2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement  3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 Cured Compliance EG2 9/21/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 545 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Borrower's company, XXX was formed 17 months ago XXX vs program requirement that the borrower must have been continually self employed for two yearsCompensating Factors:1. 38.04% DTI, 11.96% less than program guideline maximum DTI of 50.00%2. 31 months reserves, 28 months greater than program guideline 3 months reserves requirement3. 746 FICO Scores, 26 points greater than program guideline minimum FICO scores of 7204. No public records 7000-3097 9/20/2019 Waived/Exception Granted    Compensating Factors: 1. 38.04% DTI, 11.96% less than program guideline maximum DTI of 50.00% 2. 31 months reserves, 28 months greater than program guideline 3 months reserves requirement 3. 746 FICO Scores, 26 points greater than program guideline minimum FICO scores of 720 4. No public records Waived Credit EG2 9/19/2019 Investment Property FL XXX Purchase Not covered / exempt EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 545 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing a signed letter of explanation and source for the  large deposit of $XXX into the borrower's personal account with XXX ending in XXX on XXX. 7000-3096 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) deducted large deposit from assets - still sufficient - reserves met. Compensating Factors: 1. 38.04% DTI, 11.96% less than program guideline maximum DTI of 50.00% 2. 31 months reserves, 28 months greater than program guideline 3 months reserves requirement 3. 746 FICO Scores, 26 points greater than program guideline minimum FICO scores of 720 4. No public records Cured Credit EG1 9/19/2019 Investment Property FL XXX Purchase Not covered / exempt EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 545 XXX XXX XXX Credit - General Underwriting Guideline Violation Lender to provide evidence of monthly obligations for taxes, hazard insurance and HOA dues (if applicable), for the property located at XXX 7000-3098 9/24/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 38.04% DTI, 11.96% less than program guideline maximum DTI of 50.00% 2. 31 months reserves, 28 months greater than program guideline 3 months reserves requirement 3. 746 FICO Scores, 26 points greater than program guideline minimum FICO scores of 720 4. No public records Cured Credit EG1 9/19/2019 Investment Property FL XXX Purchase Not covered / exempt EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 545 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing copy of Note and final signed closing disclosure for the purchase of the borrower's primary residence on XXX and located at XXX 7000-3099 9/24/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 38.04% DTI, 11.96% less than program guideline maximum DTI of 50.00% 2. 31 months reserves, 28 months greater than program guideline 3 months reserves requirement 3. 746 FICO Scores, 26 points greater than program guideline minimum FICO scores of 720 4. No public records Cured Credit EG1 9/19/2019 Investment Property FL XXX Purchase Not covered / exempt EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 546 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Rate Lock Confirmation. 7000-3173 9/27/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors:  1. 701 credit score; 1 point above minimum credit score of 700 as required by guidelines 2. No public records 3. Borrower has been self-employed for the last 2 years 4. DTI ratio of 14.451%; 28.549% less than 43% maximum Cured Credit EG1 9/25/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG1   EG3   EG1   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 546 XXX XXX XXX Compliance - Regulatory Compliance Finance Charges are understated.  The Collateral Desktop Analysis reflects payable to Lender in Section "A" with no proof in file that fee is a pass through fee for Lender resulting in the below TILA Finance Charge Violation.Federal TILAThis loan failed the TILA finance charge test.(12 CFR 1026.18(d)(1), transferred from 12 CFR 226.18(d)(1))The finance charge is $XXX. The disclosed finance charge of $XXX is not considered accurate because it is understated by more than $XXX.  Total Under Disclosed amount is -$XXX. 7000-3172 9/30/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) Received attestation that CDA fee was paid through fee and not retained by the lender. cleared Compensating Factors:  1. 701 credit score; 1 point above minimum credit score of 700 as required by guidelines 2. No public records 3. Borrower has been self-employed for the last 2 years 4. DTI ratio of 14.451%; 28.549% less than 43% maximum Cured Compliance EG1 9/25/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG1   EG3   EG1   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 547 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.   The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3178 10/1/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, Seller CD, borrower letter, and proof of delivery. Compensating Factors  1. 685 FICO and is 5 points greater than minimum of 680 required by the guidelines 2. No public records  3. 0x30 housing history for the past 12 months  4. The borrower has been in the same line of business for 15 years Cured Compliance EG2 9/26/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 547 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  Lender over disclosed ETIA/Escrow collection on Final CD dated XXX. Total ETIA and monthly escrow totals should be $XXX not $XXX. Hazard Insurance premium of $XXX monthly is $XXX.  For Taxes, used Tax Certificate, shows annual Property tax amount of $XXX  monthly $XXX. HOA is $XXX-monthly $XXX, adding these monthly amounts equals $XXX. NEED PCCD correcting escrows/ETIA, along with letter of explanation and proof of method of delivery to borrower. 7000-3179 10/3/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, Seller CD, borrower letter, and proof of delivery. Compensating Factors  1. 685 FICO and is 5 points greater than minimum of 680 required by the guidelines 2. No public records  3. 0x30 housing history for the past 12 months  4. The borrower has been in the same line of business for 15 years Cured Compliance EG2 9/26/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 547 XXX XXX XXX Credit - Income and Assets Missing documentation to evidence the borrower has reserves in the amount of $XXX to meet the guideline reserve requirement (subject 3 months + 1 investment property).  //  UPDATE XXX Received one month statement XXX /XXX XXX ending balance $XXX dated to XXX - missing 2nd concurrent month.  Updated reserves value $XXX and does not meet minimum requirement of $XXX. 7000-3193 10/1/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors  1. 685 FICO and is 5 points greater than minimum of 680 required by the guidelines 2. No public records  3. 0x30 housing history for the past 12 months  4. The borrower has been in the same line of business for 15 years Cured Credit EG1 9/26/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 547 XXX XXX XXX Credit - Income and Assets Missing the most recent 12 months bank statements for the borrower  to support the income used to qualify. File contains statements for XXX only. Subject to recalculation of the debt to income ratios.  //  UPDATED XXX:  Only one statement from XXX has been received (statement dated to XXX).  Missing balance of statements from this account.  Subject to re-calculation of income upon receipt. // UPDATED XXX: Missing eleven months bank statements from XXX in order to calculate the qualifying income.  Only one month of online statements fromXXX have been provided (HAVE XXX thru XXX only). 7000-3196 10/3/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors  1. 685 FICO and is 5 points greater than minimum of 680 required by the guidelines 2. No public records  3. 0x30 housing history for the past 12 months  4. The borrower has been in the same line of business for 15 years Cured Credit EG1 9/26/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 547 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Rate Lock Confirmation 7000-3189 9/30/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors  1. 685 FICO and is 5 points greater than minimum of 680 required by the guidelines 2. No public records  3. 0x30 housing history for the past 12 months  4. The borrower has been in the same line of business for 15 years Cured Credit EG1 9/26/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 548 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3105 9/24/2019 Waived/Exception Granted    Compensating Factors: 1. 661 FICO Scores, 21 points greater than program guideline minimum FICO scores of 640 2. 45.15% DTI, 4.85% less than program guideline maximum DTI of 50.00% 3. Excellent mortgage payment history since inception on XXX 4. No public records Waived Compliance EG2 9/20/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 548 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure. 7000-3106 9/24/2019 Waived/Exception Granted    Compensating Factors: 1. 661 FICO Scores, 21 points greater than program guideline minimum FICO scores of 640 2. 45.15% DTI, 4.85% less than program guideline maximum DTI of 50.00% 3. Excellent mortgage payment history since inception on XXX 4. No public records Waived Compliance EG2 9/20/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 548 XXX XXX XXX Credit - Credit The loan file is missing 11 months rental rating for the borrowers current residence located at XXX//Updated XXX  Letter of explanation indicates the borrower was renting XXX prior to this purchase.  Missing 11 month rental rating from landlord. 7000-3114 9/30/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 661 FICO Scores, 21 points greater than program guideline minimum FICO scores of 640 2. 45.15% DTI, 4.85% less than program guideline maximum DTI of 50.00% 3. Excellent mortgage payment history since inception on XXX 4. No public records Cured Credit EG1 9/20/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 548 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing the12 month  mortgage history XXX  for the borrower's property located at XXX. Maximum 1x30.//Updated XXX Statements copies and credit report provided were for XXX of which the file already contains a 23 month rating on the credit report.  Missing a 12 month rating for XXX.  ///  UPDATE XXX: DRIVE report shows property acquired XXX with 1st mortgage in the amount of $XXX.  Missing most recent 12 month payment history or proof this mortgage was fully paid prior to XXX. 7000-3137 10/17/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) Received letter from note holder reflecting all payment made on time Compensating Factors: 1. 661 FICO Scores, 21 points greater than program guideline minimum FICO scores of 640 2. 45.15% DTI, 4.85% less than program guideline maximum DTI of 50.00% 3. Excellent mortgage payment history since inception on XXX 4. No public records Cured Credit EG1 9/20/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 549 XXX XXX XXX Credit - Credit Missing evidence of rent paid for the months of XXX, XXX, XXX and XXX for property located at XXX 7000-3142 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 640 4. Borrower has been self employed as a XXX for the past 6 years Cured Credit EG1 9/23/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 549 XXX XXX XXX Property - Collateral Missing Condo Budget, Condo Insurance, and evidence of Condo maintenance fees. 7000-3141 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 640 4. Borrower has been self employed as a XXX for the past 6 years Cured Property EG1 9/23/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 549 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Lock Confirmation 7000-3145 9/25/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 640 4. Borrower has been self employed as a XXX for the past 6 years Cured Credit EG1 9/23/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 549 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Excluded XXX Auto Loan payment of $XXX per month on borrower's credit report with 10 months' evidence borrower's business has been paying the loan (due to the fact that its inception date was also 10 months ago in XXX) vs program requirement of a full most recent 12 months' evidence of third party paying a debt to exclude from DTICompensating Factors:1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00%3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 6404. Borrower has been self employed as a XXX driver for the past 6 years 7000-3143 9/23/2019 Waived/Exception Granted  Client elects to waive guideline requirement with compensating factors. Compensating Factors: 1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 640 4. Borrower has been self employed as a XXX for the past 6 years Waived Credit EG2 9/23/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 549 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3110 9/25/2019 Waived/Exception Granted    Compensating Factors: 1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 640 4. Borrower has been self employed as a XXX for the past 6 years Waived Compliance EG2 9/23/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 549 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  IL Loan Brokerage Agreement and IL Loan Brokerage Disclosure Statement. 7000-3111 9/25/2019 Waived/Exception Granted    Compensating Factors: 1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 640 4. Borrower has been self employed as a XXX for the past 6 years Waived Compliance EG2 9/23/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Rate Lock Confirmation /// UPDATED XXX: Received lock confirmation for 7/1 ARM product that does not reflect the Margin.  Missing corrected Lock confirmation. 7000-3206 10/3/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Cured Credit EG1 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing a signed letter of explanation and the source of the following large deposit into borrower's XXX account ending in XXX on XXX in the amount of $XXX. The loan is subject to income and assets recalculation  /// UPDATED XXX: Deducted large deposit from qualifying income results in increased DTI to 52.33% and exceeds 50.00% guideline maximum. 7000-3210 10/3/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) recalculated worksheet completed Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Cured Credit EG1 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Credit - General Underwriting Guideline Violation Client Approved Exception: Approved exception in the file to allow funds for the down payment ($XXX EMD) and closing costs to come  from the borrower's business account (borrower has no personal bank account) vs the program requirement that if funds in a business bank or brokerage account have not been transferred to the borrower's personal accounts, such funds may not be included in Down Payment and Closing CostsCompensating Factors:1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00%2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 6403. Owner of the same business for the past 4 years4. No public records 7000-3207 9/26/2019 Waived/Exception Granted    Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Waived Credit EG2 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Credit - General Underwriting Guideline Violation Client Approved Exception: Approved exception in file to allow the collection account with XXX for $XXX (child support) and a charge off from XXX for $XXX (Auto) to remain open vs program requirement that all non-medical collection accounts and charge-offs exceeding $XXX which are not in dispute (except collection accounts and charge offs no longer enforceable due to applicable state statute of limitations), must be paid in full prior to or at the time of a loan's funding by originating lenderCompensating Factors:1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00%2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 6403. Owner of the same business for the past 4 years4. No public records 7000-3208 9/26/2019 Waived/Exception Granted    Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Waived Credit EG2 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Credit - General Underwriting Guideline Violation Client Approved Exception: Approved exception as the borrower paid 6 months past due child support up front. All past due payments were made  at the same time with 6 separate receipts vs program requirement history 6 monthly payments of child support per bottom of approved revision #2Compensating Factors:1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00%2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 6403. Owner of the same business for the past 4 years4. No public records 7000-3209 9/26/2019 Waived/Exception Granted    Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Waived Credit EG2 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Compliance - Regulatory Compliance Missing the following required Federal and/or State Disclosures: Missing the Anti Steering Option Disclosure. 7000-3186 9/30/2019 Waived/Exception Granted    Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Waived Compliance EG2 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Compliance - Regulatory Compliance Missing the following required Federal and/or State Disclosures: Missing the Illinois Loan Brokerage agreement and Broker Disclosure statement. 7000-3187 10/2/2019 Waived/Exception Granted    Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Waived Compliance EG2 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. Lender over disclosed ETIA/ non-escrow collection on Final CD dated XXX. Total ETIA and monthly non-escrow totals should be $XXX not $XXX. Hazard Insurance premium of $XXX monthly is $XXX.  For Taxes, used Tax Information Sheet, shows annual Property tax amount of $XXX  monthly $XXX,  Adding these three  monthly  amounts equals $XXX. NEED PCCD correcting non-escrow property costs in year 1/ETIA, along with letter of explanation and proof of delivery to borrower.  7000-3185 10/4/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, Seller CD, borrower letter, and proof of delivery. Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records Cured Compliance EG2 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX Compliance - Regulatory Compliance //UPDATE XXX: Received PCCD with re-opened rescission, borrower letter, and proof of delivery. Condition will be cleared once confirmation obtained that the new rescission period ended without incident.This loan failed the TILA Right of Rescission test.  The funding date is before the third business day following consummation.  The rescission "midnight of" date was XXX and according to CD dated XXX the loan funded XXX.  The Interest from and Disbursement dates are XXX resulting in the below TILA Violation.  Need Post Consummation CD reflecting accurate Interest From and Disbursement dates with explanation letter to borrower and proof of method of delivery to borrower. 7000-3316 10/22/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Past XXX. Also received another PCCD with borrower letter, proof of delivery, and reimbursement for finance charge $XXX per borrower cover letter. The XXX $XXX reimbursement for lender credit on final CD can be seen on the final Alta settlement statement and was alread applied to the transaction - applied to TRID zero fee violation (see EID# XXX). Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum Cured Compliance EG2 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX Compliance - Regulatory Compliance Added XXX: TILA Post-Consummation Revised Closing Disclosure Lending Policies This loan failed the TILA foreclosure rescission finance charge test. (12 CFR 1026.23(h), transferred from 12 CFR 226.23(h))The finance charge is $XXX. The disclosed finance charge of $XXX is not considered accurate for purposes of rescission because it is understated by more than $XXX.Resulting variance was $XXX. Added as a result of condition review of Conditions #XXX and #XXX. 7000-3430 10/22/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD with reimbursement check, borrower letter, and proof of delivery. NOTE: There is a $XXX lender credit noted on the final Alta settlement statement dated XXX. The reimbursement check was applied to the finance charge reimbursement per borrower letter. Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum Cured Compliance EG2 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX Credit - Income and Assets Missing Required 4506-T 7000-3350 10/4/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) no tax returns used. W2 and paystubs only Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum Cured Credit EG1 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance. Points increased on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is notsufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX. 7000-3320 10/7/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX COC. Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum Cured Compliance EG1 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX Property - Collateral Loan approval is subject to satisfactory appraisal review.  Subject to further underwriting.  Additional conditions may apply.Missing required appraisal CDA. 7000-3340 10/7/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum Cured Property EG1 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX Property - Collateral Location map with subject and comparable is missing from the file. 7000-3341 10/7/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum Cured Property EG1 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX Property - Collateral Appraisal requires a sketch of the subject property. 7000-3342 10/7/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum Cured Property EG1 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 552 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Use of funds for reserves (not for income) from un-sourced deposits from business account on XXX of $XXX and XXX of $XXX dollars vs program requirement that all large deposits must be documented from an acceptable sourceCompensating Factors:1. 777 FICO scores, 97 points greater than program guideline minimum FICO scores of 6802. Owner of the same business for the past 8 years3. No public records4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement 7000-3229 9/27/2019 Waived/Exception Granted  client exception approval with compensating factors Compensating Factors: 1. 777 FICO scores, 97 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 8 years 3. No public records 4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Waived Credit EG2 9/27/2019 Primary Residence AZ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 552 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure: The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3240 9/30/2019 Waived/Exception Granted    Compensating Factors: 1. 777 FICO scores, 97 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 8 years 3. No public records 4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Waived Compliance EG2 9/27/2019 Primary Residence AZ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 552 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  There is a $XXX invoice in file for 1004d completion report paid by the borrower on XXX. However, the disbursement was not disclosed on the XXX final closing disclosure. Need post consummation closing disclosure with borrower letter and proof of delivery, adding the $XXX 1004d appraisal fee. Note: The addition of the fee will cause a $XXX TRID failure. 7000-3239 10/2/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, reimbursement check, borrower letter, and proof of delivery. Compensating Factors: 1. 777 FICO scores, 97 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 8 years 3. No public records 4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Cured Compliance EG2 9/27/2019 Primary Residence AZ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 552 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Lender Credit was removed on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits($XXX). 7000-3214 9/30/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) Received CoC for XXX reflecting change in pricing and removal of lender credit. Retested in CE and passes Compensating Factors: 1. 777 FICO scores, 97 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 8 years 3. No public records 4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Cured Compliance EG1 9/27/2019 Primary Residence AZ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 553 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  On CD issued XXX, under the Estimated Taxes, Insurance and Assessments section on page one, This estimate includes, Other is missing a description of the other assessments that are also included in escrow.  Need Post Consummation CD with a description of the other assessments that are also included in escrow and explanation letter to borrower with proof of method of delivery of all to borrower. 7000-3367 10/4/2019 Waived/Exception Granted    Compensating Factors: 1. 16.030% DTI, 26.97% less than program guideline maximum DTI of 43.00% 2. 773 FICO scores, 93 points less than program guideline minimum FICO scores of 680 3. 39 months reserves, 35 months greater than program guideline 4 months reserves requirement (3 months for subject and 1 month for investment) Waived Compliance EG2 10/4/2019 Primary Residence PA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 554 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure. Need Post Consummation Closing Disclosure correcting the fees.  Closing Disclosure in file dated XXX reflects Title Fees Paid to XXX and listed in Section C and need to be moved to Section B per the Service Providers List.   7000-3163 9/26/2019 Waived/Exception Granted    Compensating Factors   1. 722 FICO is 42 Points greater than the minimum of 680 required by the lender guidelines  2. 0x30 housing history for 12 months  3.44.44% LTV; 45.56% less than 90.00% program maximum Waived Compliance EG2 9/25/2019 Primary Residence IL XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Compliance - Regulatory Compliance Missing appraisal invoice to confirm Appraisal Fee of $XXX as reflected on Final Closing Disclosure dated XXX. 7000-3235 10/11/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received PCCD, borrower letter, and proof of delivery. The final Alta Settlement Statement showed that the appraisal fee was paid POC, so no additional evidence of borrower reimbursement needed. Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Cured Compliance EG2 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:   NC Fee Information From your Mortgage Broker for your Mortgage Loan a/k/a Mortgage Broker Application Disclosure. 7000-3236 10/1/2019 Waived/Exception Granted    Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Waived Compliance EG2 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Compliance - Regulatory Compliance The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3231 10/1/2019 Waived/Exception Granted    Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Waived Compliance EG2 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Credit - General Underwriting Guideline Violation Seller Approved Exception: Loan Amount is $XXX vs program minimum requirement of $XXX Compensating Factors:1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00%2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% 7000-3244 10/4/2019 Waived/Exception Granted    Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Waived Credit EG2 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Credit - Income and Assets Missing required signed 4506-T from both borrowers' 7000-3246 10/4/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Cured Credit EG1 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Property - Collateral Missing Condo Budget, Condo Insurance, and evidence of Condo maintenance fees. // UPDATED XXX:  Received copy of master insurance policy only.. Per HOA questionnaire, a copy of the HOA annual budget and most recent HOA yearend financial statement are required - still need./// Update XXX The HOA questionnaire is requiring that the annual budget and HOA year end  financial statement be provided. 7000-3245 10/7/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Cured Property EG1 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Rate Lock Confirmation 7000-3243 10/2/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Cured Credit EG1 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX Compliance - Regulatory Compliance This loan failed TRID zero fee tolerance.  Lender Credit was removed on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits($XXX). 7000-3234 10/2/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) //UPDATE XXX: Received XXX rate lock and COC. Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% Cured Compliance EG1 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 556 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing CPA letter regarding use of business assets for earnest money deposit and closing costs in XXX and the impact, if any, it would have on the borrower's business. 7000-3238 10/2/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) Guideline amendment XXX Compensating Factors: 1. 32.98% DTI, 10.02% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 4 years 3. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Cured Credit EG1 9/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 556 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Rate Lock Confirmation 7000-3233 10/2/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 32.98% DTI, 10.02% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 4 years 3. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Cured Credit EG1 9/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 556 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing a copy of the borrower's foreign  passport as required by the guidelines. The 1003 loan application indicates the borrower is not a US citizen or a permanent residence alien. 7000-3250 10/2/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures) VISA XXX expiration date XXX Compensating Factors: 1. 32.98% DTI, 10.02% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 4 years 3. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Cured Credit EG1 9/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 556 XXX XXX XXX Compliance - Regulatory Compliance Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure. 7000-3218 10/1/2019 Waived/Exception Granted    Compensating Factors: 1. 32.98% DTI, 10.02% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 4 years 3. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Waived Compliance EG2 9/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 556 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure: The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. 7000-3242 10/2/2019 Waived/Exception Granted    Compensating Factors: 1. 32.98% DTI, 10.02% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 4 years 3. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement Waived Compliance EG2 9/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 557 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing the rental rating for the borrower's current residence for XXX and XXX. Maximum 1x30. Missing documentation to evidence the XXX and XXX rental payments did not exceed the guideline maximum of 1x30 for 12 months. 7000-3357 10/8/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 793 FICO scores, 113 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 34 years 3. 39.01% DTI, 3.99% less than program guideline maximum DTI of 43.00% Cured Credit EG1 10/2/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 557 XXX XXX XXX Credit - General Underwriting Guideline Violation Missing Rate Lock Confirmation 7000-3331 10/8/2019 Credit condition cleared, Compliance condition cleared (does not include compliance cures)   Compensating Factors: 1. 793 FICO scores, 113 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 34 years 3. 39.01% DTI, 3.99% less than program guideline maximum DTI of 43.00% Cured Credit EG1 10/2/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 557 XXX XXX XXX Compliance - Regulatory Compliance Exhibit "A" attached to the Mortgage in file dated XXX  does not match the legal description reflected on the preliminary title report. Need a copy of Mortgage inclusive of correct Legal Description. 7000-3279 10/8/2019 Compliance conditions cured by satisfactory remediation docs/re-disclosures //UPDATE XXX: Received recorded mortgage with legal description and riders. Compensating Factors: 1. 793 FICO scores, 113 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 34 years 3. 39.01% DTI, 3.99% less than program guideline maximum DTI of 43.00% Cured Compliance EG2 10/2/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 557 XXX XXX XXX Compliance - Regulatory Compliance The loan contains errors within one or more TRID disclosure.  The Closing Disclosure (CD) in file dated XXX is missing all of the Seller Paid fees according to the Seller's Closing Disclosure in file.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. 7000-3277 10/4/2019 Waived/Exception Granted    Compensating Factors: 1. 793 FICO scores, 113 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 34 years 3. 39.01% DTI, 3.99% less than program guideline maximum DTI of 43.00% Waived Compliance EG2 10/2/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  

 

 

 

 

TPR Firm: Edgemac Date Submitted: 5/12/2022
Client Name: BRAVO 2022-NQM2 Report: Exception Report - Loan
Client Project: BRAVO 2022-NQM2 Loans in report: 54

 

 

Report Date Loan Number Edge MAC ID Seller Loan Number Originator Open Material Exceptions Open Non Material Exceptions Cleared Exceptions Cured Exceptions Waived Exceptions Compensating Factors Initial Review Date Occupancy Type Property State Note Date Loan Purpose TILA Rating Loan Initial Loan Final Credit Initial Credit Final Compliance Initial Compliance Final Property Initial Property Final
05/12/2022 22NQM2 - 504 XXX XXX XXX           Compensating Factors: 1. 5.547% DTI, 37.453% less than program guideline maximum DTI of 43.00% 2. 18 months reserves vs 3 months program guideline reserves requirement 3. 702 FICO, 22 points greater than program guideline minimum FICO of 680 5/23/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG1   EG1   EG1   EG1   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 505 XXX XXX XXX     1) Missing verification of self employment for a minimum of 2 continuous years using Business License, CPA Letter or Regulatory Agency.
COMMENTS: IMDB and 1099 rcvd 
  1) The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure (CD) in file dated XXX do not match the Seller Paid fees on the ALTA Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD.

2) Client Approved Exception: DTI is 55.149% vs program guideline maximum DTI of 50.00%Compensating Factors:1. 738 FICO, 58 points greater than program guideline minimum FICO of 6802. 14 months reserves vs 3 months program guideline reserves requirement 3. 5 years as self employed 4. 85.00% LTV, 5% less than program guideline maximum LTV of 90.00%
COMMENTS: Client opted to waive guideline requirement.
Compensating Factors: 1. 738 FICO, 58 points greater than program guideline minimum FICO of 680 2. 14 months reserves vs 3 months program guideline reserves requirement  3. 5 years as self employed  4. 85.00% LTV, 5% less than program guideline maximum LTV of 90.00% 5/29/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 506 XXX XXX XXX     1) The loan contains errors within one or more TRID disclosure.  Missing explanation letter to borrower and proof of method of delivery for Post Consummation CD in file dated XXX.
COMMENTS: //UPDATE 07/10/2019: Received Lender attestation, indicating XXX was not disclosed to the borrower; ComplianceEase was updated.

2) This loan failed TRID zero fee tolerance.  On the revised Loan Estimate (LE) in file dated XXX the "Broker Fee" increased without a valid Change of Circumstance, resulting in the below TRID Tolerance Violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $160.00.
COMMENTS: //UPDATE 06/18/2019: Received XXX COC for loan amount increase/lock.

3) Missing 2018 personal tax return filings of proof of extension.
COMMENTS: received 2018 tax extension filing
1) The loan contains errors within one or more TRID disclosure.  On the Post Consummation Closing Disclosure issued XXX, under the "Loan Terms" section on Page 1, "Prepayment Penalty" reflects "No," however, there is a Prepayment Addendum to the Note in file dated 05/31/2019 and a Prepayment Rider attached to the Mortgage in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting a Prepayment Penalty with re-opened rescission period.
COMMENTS: //UPDATE 07/10/2019: Re-opened rescission passed without incident. 
1) The loan contains errors within one or more TRID disclosure.  On CD issued XXX, under the Estimated Taxes, Insurance and Assessments section on page one, This estimate includes, Other is missing a description of the other assessments that are not in escrow.  Need Post Consummation CD with a description of the other assessments that are not in escrow and explanation letter to borrower with proof of method of delivery of all to borrower.

2) XXX does not consider negative per diem interest as a credit against the total finance charge.  Please provide a PCCD with letter of explanation and proof of method of delivery to the borrower that discloses the prepaid interest amount in line F03 as $0.00 and use an offsetting lender credit in section H with a description of applicability to under disclosed finance charges to properly apply the credit and accurately disclose the credit to finance charges.TILA Post-Consummation Revised Closing Disclosure Lending PoliciesThis loan failed the TILA finance charge test.(12 CFR 1026.18(d)(1), transferred from 12 CFR 226.18(d)(1))The finance charge is $XXX. The disclosed finance charge of $XXX is not considered accurate because it is understated by more than $100.00.  Total under disclosed amount is -$423.50.

3) Missing 2018 W2 from XXX and current Pay stub covering 30 days with YTD earnings. //UPDATE 07/29:  Using only 2017 W-2 income, DTI is 214%, which exceeds guidelines and the Client approved exception of 55.372%.  2019 YTD Income Ledger from XXX shows borrower paid himself more wages.  Missing 2018 W-2 XXX or additional income documentation to support 55.372% DTI. ///  Recalculated income using 2017 earnings is $9,148.00/month and DTI of 58.53%
COMMENTS: Client elected to waive
Compensating Factors: 1. 775 FICO, 75 points greater than program guideline minimum FICO of 680 2. 80.00 % LTV, 10% less than program guideline maximum LTV of 90.00% 3. Owner of a business for 5 years 6/13/2019 Primary Residence MI XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 507 XXX XXX XXX         1) Seller Approved Exception: Allow use of rental income of $XXX per month Gross and $267 net from XXX for 2018 without being reported on 2018 1040s.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years
COMMENTS: Client elects to waive guideline requirement with compensating factors.

2) Seller Approved Exception: Less than 3 months seasoning. Home purchased on XXX via Hard Money loan. Current file closed 4/16/2019.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years
COMMENTS: Client elects to waive guideline requirement with compensating factors.

3) Seller Approved Exception: Qualify borrower using annual base pay from WVOE for borrower who recently started new job on XXX VS program requirement to evidence a minimum 30 days earnings.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years
COMMENTS: Client elects to waive guideline requirement with compensating factors.

4) Seller Approved Exception: Qualify borrower using potential bonus income of $XXX per month (30% of annual income) as per WVOE from new employer vs program requirement to qualify bonus income.Compensating Factors:1.643 credit score; 3 points above minimum credit score of 640 as required by guidelines 2.DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines3.Borrower has been in same line of work for the last 25 years
COMMENTS: Client elects to waive guideline requirement with compensating factors.

5) Adjustable Rate Mortgage Disclosure (ARM) is in file, however, it is not dated and signed on XXX which is outside the 3 day disclosure requirement.  Need proof issued within 3 business days of application.

6) Missing appraisal invoice to confirm Appraisal Fee of $150.00 as reflected on Closing Disclosure dated XXX.

7) Missing the following Federal and/or State specific disclosures:  e-Disclosure Consent/e-Sign Form completed prior to earliest signing event. (XXX)

8) Missing the following Federal and/or State specific disclosures:  PA Application Disclosure, PA Mortgage Loan Rate Lock Agreement and PA Notice Regarding Refund ability of Fees.

9) Loan Estimate signed on XXX does not reflect the date issued.
Compensating Factors:  1. 643 credit score; 3 points above minimum credit score of 640 as required by guidelines  2. DTI of 46.44%, 3.56% lower than the max DTI of 50.00% as required in the guidelines 3. Borrower has been in same line of work for the last 25 years 6/10/2019 Primary Residence PA XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 508 XXX XXX XXX     1) Missing copy of cost to rebuild estimate from insurance company to confirm coverage listed of $XXX is sufficient. Current policy is short of minimum dwelling coverage of $XXX. Subject to recalculation of debt ratios.
COMMENTS: Updated Hazard Ins with $XXX dwelling + $XXX other structures.

2) This loan failed TRID zero fee tolerance.  On the revised Closing Disclosure (CD) in file dated XXX the "Points" increased to a final amount of $616.00 from the initial amount of $312.00 without a valid Change of Circumstance, resulting in the below TRID Tolerance Violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $304.00.
COMMENTS: //UPDATE 06/21/2019: Received XXX and XXX COC's addressing point increases.
  1) Missing the following required Federal and/or State Disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure.

2) CT Nonprime Home Loan Lending PoliciesThis loan failed the CT nonprime home loan test.  The loan is a nonprime home loan, as defined in the legislation.

3) Loan is considered CT NonPrime Loan is missing the Additional Notice of Loan Terms Disclosure required by Conn. Gen. Stat.  36a-760a
Compensating Factors: 1. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 2. 678 FICO, 18 points greater than program guideline minimum FICO of 660 3. No public records 4. Owner of the same business for 2 years 5. 48.21% DTI, 1.79% less than program guideline maximum DTI of 50.00% 6/17/2019 Primary Residence CT XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 509 XXX XXX XXX     1) Missing US Visa for both borrowers.
COMMENTS: US VISA valid for both borrowers
  1) The loan contains errors within one or more TRID disclosure. The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. Compensating Factors: 1. 13.82% DTI, 36.18% less than program guideline maximum DTI of 50.00% 2. Owner of the same business for 2 years 6/18/2019 Second Home FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 510 XXX XXX XXX     1) There is a Warranty Deed in file, however, it is incomplete.  Need fully executed Deed, inclusive of all dates and signatures.
COMMENTS: 7/2/19: Received fully executed and notarized Warranty Deed.
  1) Seller Approved Exception: DTI is 44.30% vs program guideline maximum DTI of 43.00%Compensating Factors: 1. 722 FICO, 42 points greater than program guideline minimum FICO of 6802. 26 months reserves, 23 months greater than program guideline 3 months requirement 3. Owner of the same business for 3 years
COMMENTS: Seller opted to waive requirement.

2) Seller Approved Exception: Allow both borrowers' to be treated as US Citizens vs program guideline that both borrowers' have USCIA issued EAD category CO8 Asylum applicants.Compensating Factors: 1. 722 FICO, 42 points greater than program guideline minimum FICO of 6802. 26 months reserves, 23 months greater than program guideline 3 months requirement 3. Owner of the same business for 3 years
COMMENTS: Seller opted to waive requirement. 
Compensating Factors:  1. 722 FICO, 42 points greater than program guideline minimum FICO of 680 2. 26 months reserves, 23 months greater than program guideline 3 months requirement  3. Owner of the same business for 3 years 6/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 511 XXX XXX XXX         1) Missing the following required Federal and/or State Disclosures:  TX Mortgage Company Disclosure. Compensating Factors: 1. 20.20% DTI, 22.80% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 14 years 3. 700 FICO, 20 points greater than program guideline minimum FICO of 680 4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement 7/5/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG2   EG2   EG1   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 512 XXX XXX XXX           Compensating Factors: 1. 740 FICO, 40 points greater than program guideline minimum FICO of 700 2. 21 years with same employer 3. 110 months reserves, 105 months greater than program guideline 5 months reserves requirement (including investment property) 4. 42.74% DTI, 7.26% less than program guideline maximum DTI of 50.00% 7/16/2019 Investment Property MO XXX Purchase Not covered / exempt EG1   EG1   EG1   EG1   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 513 XXX XXX XXX     1) Missing evidence XXX account ending in XXX with a monthly payment of $28.00  was paid at closing. Debt to income ratio is subject to recalculation.
COMMENTS: 7/30/19: Received letter from XXX Bank verifying account had zero balance as of XXX.
  1) The loan contains errors within one or more TRID disclosure.  The Closing Disclosure (CD) in file dated XXX is missing all of the Seller Paid fees according to the Final Combined Closing Statement in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD.

2) Missing verification of self employment for a minimum of 2 continuous years as a XXX using Business License, CPA Letter or Regulatory Agency. \\\Update 8/13/2019  There is no documentation to evidence the borrower has been continuously self-employed for 2 years as a XXX. The LOE provided reflects that the borrower took time off from this position to address personal matters.Compensating Factors:1. 801 credit score; 161 points greater than 640 program requirement2. borrower has been self-employed for the past 12 years as a XXX with XXX 3. Perfect credit history since inception of earliest account openedXXX 4. No Public Records

3) Debt to income ratio of 54.56% exceeds maximum allowed. The November 2018 bank statement from XXX account ending in 0075 reflected a transfer of $1,000.00 that was not backed out of the borrower's income calculation. Additionally, the borrower was qualified paying off 2 revolving accounts at closing. Settlement statement reflected only 1 of 2 revolving accounts were paid in full. //UPDATED 07/30 - Received verification additional revolving debt was paid prior to closing. Revised DTI is 53.45%. Exception form allows for max 52.50% DTI.Compensating Factors:1. 801 credit score; 161 points greater than 640 program requirement2. borrower has been self-employed for the past 12 years as a XXX with XXX3. Perfect credit history since inception of earliest account opened XXX 4. No Public Records
Compensating Factors: 1. 801 credit score; 161 points greater than 640 program requirement 2. borrower has been self-employed for the past 12 years as a Hair Stylist with Tanya Grey 3. Perfect credit history since inception of earliest account opened 2/1998 4. No Public Records 7/24/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 514 XXX XXX XXX     1) //UPDATE 08/01/2019: The appraisal report was received and now reflects Fort XXX County.  However, page 2 of the Deed of Trust still reflects XXX County. Need Lender's Attestation with evidence Deed of Trust recorded in XXX County. The Deed of Trust dated XXX on Page 2 of 16  reflects property in XXX County, however, the Legal  Description on Page 11 reflects the property is in XXX County.  The Appraisal in file shows on page 1,  that property is in XXX County, however on page 27,  the Tax sheet reflects the property is in XXX County.  The Tax Record Information sheet reflects Fort XXX County as well as XXX Zip code Directory.  Need Lender's Attestation regarding the error and corrections to Deed of Trust and Appraisal.  Need explanation letter to borrower and proof of method of delivery.
COMMENTS: Received notice of correction changing the recorded DOT to XXX county from XXX County. 
1) The loan contains errors within one or more TRID disclosure. The Closing Disclosure in file dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.   Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
COMMENTS: //UPDATE 07/29/2019: Received PCCD with borrower letter and proof of delivery, reflecting seller-paid fees. 
1) Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure and TX Mortgage Company Disclosure. Compensating Factors: 1. 21 months reserves, 18 months greater than program guideline 3 months reserves requirement 2. 13.843% lower than program guideline maximum DTI of 43.00% 3. Owner of the same business for 4 years 7/24/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 515 XXX XXX XXX     1) The Licensing/Registration check returned the following results as of the application date of XXX:  Loan Originator's NMLS #XXX reflects Loan Originator is NOT Authorized to Represent Loan Originator Company NMLS #XXX.
COMMENTS: validated LO is showing license with lender. ALso shows authorized to conduct business. OK to clear
1) The loan contains errors within one or more TRID disclosure.   The Closing Disclosure in file dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
COMMENTS: //UPDATE 08/09/2019: Received Seller CD with PCCD, borrower letter, and proof of delivery, reflecting seller paid fees. The fees listed on the Seller CD and PCCD reconcile. 
1) Missing Loan Options Disclosure/Anti-Steering Options Disclosure. Compensating Factors: 1. 10.618% DTI, 32.382% less than program guideline maximum DTI of 43.00% 2. 16 months reserves, 13 months greater than program guideline 3 months reserves requirement 3. Owner of the same business for 3 years 4. No public records 8/5/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 516 XXX XXX XXX     1) Missing 12 months bank statements used to calculate the borrower's qualifying income of $XXX. Subject to further review and conditions.
COMMENTS: 08/07/2019: Received 12 months bank statements to calculate income.
1) //UPDATE 08/06/2019: Received Seller CD; however, the final Closing Disclosure dated XXX is missing the seller fees. Need Post Consummation Closing Disclosure (PCCD) with letter to borrower and proof of method of delivery reflecting all seller-paid fees on the PCCD. Missing Seller's Closing Disclosure /Final Settlement Statement to confirm all Seller Paid Fees are reflected on the Post Consummation CD in file dated XXX.  If fees not confirmed, will Need a Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
COMMENTS: //UPDATE 08/08/2019: Received PCCD with borrower letter, proof of delivery, and Seller CD - seller fees reconcile between Seller CD and PCCD.

2) The loan contains errors within one or more TRID disclosure. The Closing Disclosure in file dated XXX reflects Title - Settlement Fee paid to XXX for $695.00 listed in Section C and need to be moved to Section B per the Service Providers List.  Need Post Consummation Closing Disclosure, with borrower explanation letter and proof of delivery, reflecting the Title - Settlement Fee in Section B.
COMMENTS: //UPDATE 08/09/2019: Received PCCD with borrower letter and proof of delivery, showing $695.00 Settlement Fee only listed in Section B. 
  Compensating Factors: 1. 49.045% LTV, 30.955% less than program guideline maximum LTV of 80.00% 2. 33 months reserves, 29 months greater than program guideline 4 months reserves requirement 3. Owner of the same business for 25 years 4. Excellent mortgage payment history 5. No public records 8/5/2019 Second Home FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 517 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Points increased on Loan Estimate dated XXX and Appraisal Fee increased on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.
COMMENTS: //UPDATE 08/13/2019: Received XXX COC reflecting the re-lock with terms as reflected on the XXX LE. With the COC accounted for, the loan met the TRID reimbursement test.

2) This loan failed TRID zero fee tolerance.  Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1 This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $37.15, is noFt sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $179.48.
COMMENTS: //UPDATE 08/13/2019: Received XXX COC for loan re-loc as reflected on the XXX LE. The loan now passes TRID reimbursement test.

3) Missing XXX bank statement from XXX account ending in XXX. Loan is subject to income recalculation
COMMENTS: 8/13/19: Received XXX bank statement. DTI within guidelines.

4) Missing evidence of gift funds transfer of $XXX with copy of borrower's deposit slip, donor's check to the closing agent, or settlement statement showing receipt of the donors check.   /// UPDATED 8/20/19:  duplicate copy of XXX XXX (donor account) has been received.  Wire to escrow from borrower's account has been received.  Still missing evidence the donor's give was wired to the borrower's account. //  UPDATED 9/10/2019: Received New gift letter amending gift amount to $XXX and borrower statement showing receipt of the $XXX dated XXX.  New reserves calculation now short: Total assets $XXX (XXX XXX - includes $XXX gift funds) less total cash into transaction $XXX = shortage $XXX /// UPDATE 9/12/2019 Received XXX XXX end date XXX.  Used available bal of $XXX as of XXX (prior to close of loan).  Updated asset calc: $XXXX (includes gift funds of $XXX) less total cast into transaction $XXX = net reserves $XXX and insufficient to meet 3 month requirement. \\\\ Update 9/19/2019 Client exception for reserves received.
  1) Client approved exception due to credit score is 671 vs program requirement of 680Compensating Factors:1. Owner of the same business for 30 years2. No public records3. All tradelines paid as agreed since earliest account inception dated XXX
COMMENTS: 8/8/19: Client elects to waive guideline requirement with compensating factors.

2) Client approved exception for reserves not meeting program requirements. Compensating Factors:1. Owner of the same business for 30 years2. No public records3. All tradelines paid as agreed since earliest account inception dated XXX
Compensating Factors: 1. Owner of the same business for 30 years 2. No public records 3. All tradelines paid as agreed since earliest account inception dated 07/2003 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 518 XXX XXX XXX     1) Missing copy of Hazard Insurance policy for property located at XXX. Subject to recalculation of debt ratios.   1) Client approved exception due to loan amount is $XXX vs program minimum of $XXX Compensating Factors:1. 27.00% DTI, 23% less than program guideline maximum DTI of 50.00%2. 66 months , 61 months greater than program guideline 5 months reserves requirement3. Owner of the same business for 20 years4. No public records5. Excellent mortgage payment history since XXX
COMMENTS: 08/09/2019: Client elects to waive guideline requirement with compensating factors.
Compensating Factors: 1. 27.00% DTI, 23% less than program guideline maximum DTI of 50.00% 2. 66 months , 61 months greater than program guideline 5 months reserves requirement 3. Owner of the same business for 20 years 4. No public records 5. Excellent mortgage payment history since 02/1994 8/8/2019 Primary Residence TX XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 519 XXX XXX XXX       1) Missing appraisal invoice to confirm Appraisal Fee of $580.00 as reflected on Final Closing Disclosure dated XXX.
COMMENTS: //UPDATE 08/09/2019: Received PCCD with borrower letter and proof of delivery, reflecting the correct POC appraisal fee amount. 
1) The loan contains errors within one or more TRID disclosure. The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Alta Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees per Alta Settlement Statement. Compensating Factors:  1. 732 credit score; 52 points above minimum credit score of 680 as required by guidelines  2. DTI of 35.42%, 7.58% lower than the max DTI of 43.00% as required in the guidelines 3. 15 months reserves; 9 months greater than 6 months reserve requirement 4. Borrower has been self-employed for the last 16 years 5. No public records 8/2/2019 Primary Residence LA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 520 XXX XXX XXX         1) Missing Loan Options Disclosure/Anti-Steering Options Disclosure. Compensating Factors: 1. 22.02% DTI, 27.98% less than program guideline maximum DTI of 50.00% 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 647 FICO scores, 7 points greater than program guideline minimum FICO scores of 640 4. No public records 8/8/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG2   EG2   EG1   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 521 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  On the revised Loan Estimate (LE) in file dated XXX the "Lender Credits" decreased without a valid Change of Circumstance, resulting in the below TRID Tolerance Violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the lender credits that cannot decrease test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($903.00).  The total tolerance violation is 903.00.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $147.13, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $903.00.  The total tolerance violation is -$755.87.
COMMENTS: //UPDATE 08/13/2019: Received XXX COC reflecting loan lock and terms match XXX LE.

2) Missing evidence as to who the XXX, account ending XXX, belongs to. The online printouts in file do not reflect the name of the owner of the account. Subject to recalculation of assets.
COMMENTS: Condition cleared

3) Missing source of the following large deposits into borrower's XXX, account ending XXX: $XXX on XXX. Subject to recalculation of assets.
COMMENTS: 8/16/19: Received XXX statement sourcing $XXX transfer.
  1) The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure (CD) in file dated XXX do not match the Seller Paid fees on the ALTA Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. Compensating Factors:  1. 754 credit score; 94 points above minimum credit score of 660 as required by guidelines  2. 57 months reserves; 54 months greater than 3 months reserve requirement  3. Housing history is 0x30 for 12 months 8/12/2019 Primary Residence CA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 522 XXX XXX XXX         1) Missing the following Federal and/or State specific disclosures:  IL Loan Brokerage Agreement and IL Loan Brokerage Disclosure Statement.

2) The loan contains errors within one or more TRID disclosure.  The Closing Disclosure datedXXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
Compensating Factors: 1. 16.648% DTI, 33.352% less than program guideline maximum DTI of 50.00% 2. 533 months reserves, 530 months greater than program guideline 3 months reserves requirement 3. 783 FICO scores, 103 points greater than program guideline minimum FICO scores of 680 4. No public records 5. Excellent mortgage payment history 8/9/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 523 XXX XXX XXX     1) Missing monthly tax obligation for the rental property located at XXX in XXX. Subject to recalculation of debt to income ratio
COMMENTS: 8/15/19: Received county printout with proof of taxes.
  1) The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. Compensating factors  1. FICO of 770 is 150 greater than the minimum of 620 required by the lender guidelines  2. No public records  3. 0x30 housing history for 12 months 8/13/2019 Primary Residence RI XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 524 XXX XXX XXX     1) Missing documentation to evidence that the property located at XXX in XXX TX has been sold. Subject to the recalculation of the debt to income ratio.   1) The loan contains errors within one or more TRID disclosure.  The Closing Disclosure (CD) in file dated XXX is missing all of the Seller Paid fees according to the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. Compensating Factors:  1. 653 credit score; 13 points above minimum credit score of 640 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 3 years 5. DTI ratio of 24.39%; 25.61% less than 50% maximum 8/19/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 525 XXX XXX XXX         1) The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Disclosure.
Compensating Factors:  1. 690 credit score; 10 points above minimum credit score of 680 as required by guidelines 2. 53.333% LTV; 31.667% below 85% maximum 3. No public records 4. Borrower has been employed for the last 10.5 years 5. DTI ratio of 46.46%; 3.54% less than 50% maximum 8/16/2019 Primary Residence GA XXX Purchase Non-Qualified Mortgage EG2   EG2   EG1   EG1   EG2   EG2   EG1   EG1  
05/12/2022 22NQM2 - 526 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Broker Fee changed from Indirect to Broker Fee Paid on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation. Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $125.00, is notsufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.
COMMENTS: //UPDATE 08/15/2019: Received XXX COC for pricing change to borrower-paid origination fee. 
1) The loan contains errors within one or more TRID disclosure. The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
COMMENTS: //UPDATE 08/15/2019: Received PCCD with borrower letter and proof of delivery, reflecting seller-paid fees. 
1) Missing the following Federal and/or State specific disclosures:  TX Mortgage Company Disclosure. Compensating Factors:  1. 700 credit score; 20 points above minimum credit score of 680 as required by guidelines  2. 7 months reserves; 4 months greater than 3 months reserve requirement  3. DTI of 32.09%, 10.91% lower than the max DTI of 43.00% as required in the guidelines 8/12/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 527 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Lender Credit was removed on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits($2,794.00)
COMMENTS: //UPDATE 08/21/2019: Received XXX COC reflecting relock at PAR/no lender credit.
  1) The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:  NJ Attorney Fee Notice and NJ Mortgage Broker Agreement.
Compensating Factors: 1. 121 months reserves, 118 months greater than program guideline 3 months reserves requirement 2. 74.874% LTV, 10.126% less than program guideline maximum LTV of 85.00% 3. 732 FICO, 12 points greater than program guideline minimum FICO of 720 4. 42.25% DTI, 7.75% less than program guideline maximum DTI of 50.00% 8/19/2019 Second Home NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 528 XXX XXX XXX     1) Mortgage in File dated XXX is missing the Legal Description reflected as Exhibit A on page 2 of 10.  Need complete copy of Mortgage inclusive of all pages including Legal Description, signed and notarized.
COMMENTS: //UPDATE 08/20/2019: Received all pages of mortgage with legal description.

2) This loan failed TRID timing of disclosures.  Missing proof of consumer's receipt of Initial Closing Disclosure provided reflecting a Date Issued of XXX and a Closing Date of XXX results in the below TRID timing violation.  Initial Closing Disclosure Timing Requirements -XXX This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR 1026.19(f)(1)(ii))The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or The initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction. The creditor shall ensure that the consumer receives the disclosures required under paragraph 1026.19(f)(1)(i) no later than three business days before consummation.
COMMENTS: //UPDATE 08/19/2019: Received XXX Disclosure Tracking. 
  1) Missing appraisal invoice to confirm Appraisal Fee of $425.00 as reflected on Final Closing Disclosure dated XXX.

2) Client approved exception for DTI ratio of 45.46% is higher than the 43% maximum.Compensating Factors:1. 694 credit score; 14 points above minimum credit score of 680 as required by guidelines2. Mortgage history is 0x30 for 12 months  3. No public records4. Borrower has been self-employed for the last 5 years
COMMENTS: Client elects to waive guideline requirement with compensating factors.
Compensating Factors:  1. 694 credit score; 14 points above minimum credit score of 680 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 5 years 8/16/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 529 XXX XXX XXX         1) Seller Approved Exception: 100% of the earnest money deposit and funds to close are coming from a gift vs program requirement that at least 5% of the purchase transaction must be from borrower's own funds when there is a non-occupant co-borrowerCompensating Factors:1. 23.36% DTI, 26.64% less than program guideline maximum DTI of 50.00%2. 670 FICO score, 30 points greater than program guideline minimum FICO of 6403. 45 months reserves, 40 months greater than program guideline 5 months reserves requirement4. No public records for both borrowers
COMMENTS: Client elects to waive guideline requirement with compensating factors.
Compensating Factors: 1. 23.36% DTI, 26.64% less than program guideline maximum DTI of 50.00% 2. 670 FICO score, 30 points greater than program guideline minimum FICO of 640 3. 45 months reserves, 40 months greater than program guideline 5 months reserves requirement 4. No public records for both borrowers’ 8/22/2019 Primary Residence IN XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 530 XXX XXX XXX     1) Missing satisfactory mortgage rating 1x30 for past 12 months for the borrowers' departing residence located at XXX OK XXX 1) This loan failed TRID zero fee tolerance. Appraisal Fee, Document Preparation Fee and Misc Charges all increased on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $86.50.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $69.00, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $86.50. After the $69.00 Lender Credit was applied, the remaining tolerance violation is $17.50.
COMMENTS: //UPDATE 09/03/2019: Received PCCD, borrower letter, reimbursement check, and proof of delivery. 
1) Seller Approved Exception: Allow funds for down payment and closings costs coming from borrower's business account vs program requirement that if funds in a business bank or brokerage account have not been transferred to the borrowers personal accounts, such funds may not be included in down payment and closing fundsCompensating Factors:1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00%2. Owner of the same business for 8 years3. No public records

2) Seller Approved Exception: Credit Score is 674 vs program requirement of 680Compensating Factors:1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00%2. Owner of the same business for 8 years3. No public records

3) The loan contains errors within one or more TRID disclosure. The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Alta Settlement Statement in file dated Seller's Closing Disclosure in file dated XXX. Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
Compensating Factors: 1. 23.75% DTI, 19.25% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 8 years 3. No public records 8/26/2019 Primary Residence OK XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 531 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Mortgage Broker Fee increased on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $40.00.
COMMENTS: //UPDATE 08/26/2019: Received XXX COC.

2) This loan failed TRID zero fee tolerance.  Lender Credit was removed on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.This loan failed the lender credits that cannot decrease test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,890.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.  An estimated closing cost disclosed pursuant to 1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under 1026.19(e)(1)(i). This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $20.00, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $1,930.00.  Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under 1026.19(e)(3)(i) or (ii), the creditor complies with 1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with 1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation.
COMMENTS: //UPDATE 08/26/2019: Received XXX COC.

3) Missing verification of self employment for a minimum of 2 continuous years using Business License, CPA Letter or Regulatory Agency for XXX.

4) Missing a satisfactory mortgage or rent rating 1x30 for past 12 months is required for the primary borrower's XXX. The primary borrower's indicates that he has owned a primary residence for 4 years; however, the XXX  report and Credit Report indicates that the primary residence was purchase on XXX

5) Missing July 2018 statement from XXX account ending in XXX. Guidelines required 12 month period preceding the month of the borrower's initial loan application. Loan is subject to income recalculation

6) Recalculated income of $XXX resulted in a DTI of 70.38% which exceeded loan program guideline maximum DTI of 50.00%. The schedule K1 in file indicate 50% ownership; however, the Lender calculated the income at 100% ownership // UPDATED 9/4/2019: Secretary of State Certificate of Limited Partnership does not overcome the verified 50% ownership percentage reflected on the 2017 K1 statement.  The K1 statement shows the same ownership percentage at the beginning and ending of 2017. \\\ Update 9/5/2019 Need 2017 K-1 to evidence that XXX is a 50% owner in XXX. The Cert of limited partnership does not reflect the ownership interest of XXX in XXX.
1) Lender over disclosed ETIA/Escrow collection on Final CD dated XXX. Total ETIA and monthly escrow totals should be $463.61 not $759.62. Hazard Insurance premium of $XXX monthly is $XXX.  For Taxes, used Tax Information Sheet, shows annual Property tax amount of $XXX  monthly $XXX. HOA monthly $XXX.  Adding these three monthly  amounts equals $463.61. NEED PCCD correcting escrows/ETIA, along with letter of explanation and proof of method of delivery to borrower.
COMMENTS: //UPDATE 09/13/2019: Received PCCD with borrower letter and proof of delivery. 
1) Missing the following Federal and/or State specific disclosures:  NV Disclosure of Fees Earned by Mortgage Broker.

2) The loan contains errors within one or more TRID disclosure. Ticor Title of Nevada, Inc. title fees listed in Section C should be listed in Section B as Ticor Title of Nevada, Inc. was listed on the Written List of Service Providers. Need Post Consummation Closing Disclosure with borrower letter and proof of delivery, listing the aforementioned fees in Section B.

3) Seller Approved Exception: LTV is 82.00% vs program maximum of 80.00%Compensating Factors:1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties)2. 732 FICO, 72 points greater than program guideline minimum FICO of 6603. No public records
Compensating Factors: 1. 113 months reserves, 102 months greater than program guideline 11 months reserves requirement (3 for subject and 8 for rental properties) 2. 732 FICO, 72 points greater than program guideline minimum FICO of 660 3. No public records 8/22/2019 Second Home NV XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 532 XXX XXX XXX       1) This loan failed TRID zero fee tolerance.  Appraisal Fee increased on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $25.00.
COMMENTS: //UPDATE 09/03/2019: Received PCCD, borrower letter, reimbursement check, and proof of delivery. 
1) //UPDATE 09/03/2019: Received PCCD with borrower letter and proof of delivery, reflecting seller-paid fees. However, the total seller-paid fees do not match the seller-paid fees as listed on the XXX Alta Settlement Statement - variance due to $375.00 Title - Settlement Fee. Need Post Consummation Closing Disclosure with borrower letter and proof of delivery, or Client may choose to waive. The Closing Disclosure dated XXX is Missing almost all of the Seller Paid fees reflected on the Final Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. Compensating Factors:  1. 771 credit score; 51 points above minimum credit score of 720 as required by guidelines 2. No public records 3. Borrower has been self-employed for the last 7.25 years 4. DTI ratio of 39.91%; 10.09% less than 50% maximum 8/28/2019 Primary Residence MD XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 533 XXX XXX XXX     1) The Mortgage is missing the notary date and signature.
COMMENTS: //UPDATE 08/29/2019: Received all pages of the mortgage with riders.

2) Missing the January 2019 bank statement for the borrower's account XXX with XXX to support income used to qualify.

3) Missing signed letter of explanation and source of all of the transfer credit deposits into the borrower's XXX account dated XXX ending in XXX.  Statement does not show origination of the transfer credits. Subject to re-calculation of assets upon receipt.
  1) The loan contains errors within one or more TRID disclosure:  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Alta Settlement Statement in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. Compensating factos  1. FICO 677 is 17 points greater than the minimum of 660 required by the guidelines 2. No public records  3. 0x30 housing history for 22 months 8/28/2019 Primary Residence TN XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 534 XXX XXX XXX     1) Missing Grant Deed to confirm vesting.
COMMENTS: //UPDATE 09/05/2019: Received executed and notarized Warranty Deed.

2) Lender to provide evidence of monthly obligations for HOA dues for the property located at XXX
  1) Seller Approved Exception: Borrower has 1 active tradeline and 1 inactive tradeline for at least 12 months vs program minimum requirement of 2 active tradelines and 1 inactive tradeline for at least 12 monthsCompensating Factors:1. 32.25% DTI, 17.75% less than program guideline maximum DTI of 50.00%2. 60.00% LTV, 30% less than program guideline maximum LTV of 90.00%3. 750 FICO Score, 70 points greater than program guideline minimum FICO of 6804. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement Compensating Factors: 1. 32.25% DTI, 17.75% less than program guideline maximum DTI of 50.00% 2. 60.00% LTV, 30% less than program guideline maximum LTV of 90.00% 3. 750 FICO Score, 70 points greater than program guideline minimum FICO of 680 4. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 8/30/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG1   EG1   EG1  
05/12/2022 22NQM2 - 535 XXX XXX XXX     1) Missing required signed 4506-T\\\\Update 9/10/2019 4506 is not complete. The tax  years requested has not been completed.   1) Seller Approved Exception: Borrower has only been on title and deed for the past 2.5 months (the subject property was in probate. Borrower took ownership of the subject as trustee of the estate on XXX and was added to title and deed at that time). VS program requirement that at least one borrower must have been on title and deed for at least 90 days preceding the date of the new loanCompensating Factors:1. 34.68% DTI, 15.32% less than program guideline maximum DTI of 50.00%2. 108 months, 105 months greater than program guideline 3 months reserves requirement3. Employed with the same employer for the past 8 years4. No public records5. 635 FICO Score, 15 points greater than program guideline minimum FICO of 620 Compensating Factors: 1. 34.68% DTI, 15.32% less than program guideline maximum DTI of 50.00% 2. 108 months, 105 months greater than program guideline 3 months reserves requirement 3. Employed with the same employer for the past 8 years 4. No public records 5. 635 FICO Score, 15 points greater than program guideline minimum FICO of 620 9/4/2019 Primary Residence MD XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 536 XXX XXX XXX         1) The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD. Compensating Factors: 1. 31.81% DTI, 18.19% less than program guideline maximum DTI of 50.00% 2. 80.00% LTV, 10.00% less than program guideline maximum LTV of 90.00% 3. 12 months reserves, 9 months greater than program guideline 3 months reserves requirement 4. 716 FICO scores, 36 points greater than program guideline minimum FICO scores of 680 5. Owner of the same business for 14 years 9/6/2019 Primary Residence GA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 537 XXX XXX XXX     1) Per appraisal, "The improvement has been modified to function as a SFR w/Accessory unit; no permits were pulled per the XXX permits division".  This is considered a health and safety issue as the Accessory unit may not be up to local code.  Since the unit is given value within the appraisal a permit to determine the safety of the unit is recommended.
COMMENTS: Addendum  was provided

2) Missing XXX statement account ending in XXX . Loan is subject to income recalculation
  1) Missing signed Lender's explanation for incomplete Closing Disclosure in file, as it is not marked as "Draft" or "Preliminary".

2) Seller Approved Exception: Allow down payment and closing costs paid with borrowers business funds vs program requirement that business funds used for down payment and/or closing costs must be transferred to borrowers personal accountCompensating Factors:1. Owner of the same business for the past 16 years2. 769 FICO Scores, 49 points greater than the program guideline minimum FICO of 7203. 41.09% DTI, 8.91% less than program guideline maximum DTI of 50.00%4. 12 months reserves, 7 months greater than program guideline 5 months reserves requirement
Compensating Factors: 1. Owner of the same business for the past 16 years 2. 769 FICO Scores, 49 points greater than the program guideline minimum FICO of 720 3. 41.09% DTI, 8.91% less than program guideline maximum DTI of 50.00% 4. 12 months reserves, 7 months greater than program guideline 5 months reserves requirement 9/13/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG2   EG2   EG3   EG1  
05/12/2022 22NQM2 - 538 XXX XXX XXX     1) Missing Grant Deed to confirm vesting.
COMMENTS: received Grant Deed and ownership ties out

2) //UPDATE 09/19/2019: Received XXX Change of Circumstance; however, COC is insufficient due to the following: The XXX COC stated reason for change was loan was locked due to an interest rate-dependent charge. However, the XXX and XXX Loan Estimates showed that the loan was already locked prior to XXX, and the lock expiration date noted on the XXX Loan Estimate was the same lock expiration date as disclosed on the XXX and XXX Loan Estimates. The XXX COC does not accurately address the reason for the COC as it relates to the XXX LE changes. This loan failed TRID zero fee tolerance.  Lender Credit decreased on XXX without a valid Change of Circumstance results in the below TRID tolerance violation. This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits($1,321.00).
COMMENTS: received rate lock forms that disclose the adjustments in pricing after initial lock.

3) Missing required appraisal CDA for the lower value appraisal at $XXX on XXX.

4) //UPDATE 09/19/2019: Received XXX Change of Circumstance; however, COC is insufficient due to the following: The XXX COC stated reason for change was loan was locked due to an interest rate-dependent charge. However, the XXX and XXX Loan Estimates showed that the loan was already locked prior to XXX, and the lock expiration date noted on the XXX Loan Estimate was the same lock expiration date as disclosed on the  XXX  and XXX Loan Estimates. The XXX COC does not accurately address the reason for the COC as it relates to the XXX LE changes. As a result, the loan still does not pass the TRID reimbursement amount test.This loan failed TRID zero fee tolerance.  Lender Credit decreased on XXX without a valid Change of Circumstance results in the below TRID tolerance violation. This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits($1,321.00).This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $580.00, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $1,901.00. Need PCCD, along with cure check, LOE and POD reflecting the total cure amount of $1901.00 for increases in appraisal fees and origination charges without a valid change of circumstance.
COMMENTS: received lock confirmation that support adjustment in pricing after initial lock
  1) The loan contains errors within one or more TRID disclosure. The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:  NJ Mortgage Broker Agreement.
Compensating Factors: 1. 36.39% DTI, 6.61% less than program guideline maximum DTI of 43.00% 2. 739 FICO Scores, 59 points greater than program guideline minimum FICO scores of 680 3. Owner of the same business for 10 years 4. No public records 9/17/2019 Primary Residence NJ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 539 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Lender Credit was reduced on Loan Estimate dated XXX and balance removed on Loan Estimate dated XXX all without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits($4,800.00).
COMMENTS: //UPDATE 09/19/2019: Received valid  XXX & XXX COC's. 
  1) Client approved exception for program requirement of at least 3 tradelines rated at minimum 12 months with 2 active within 12 months of the credit date. Borrower has a VOM and two active revolving accounts rated 11 and 7 months' and 2 closed accounts.Compensating Factors:1. 717 credit score; 17 point above minimum credit score of 700 as required by guidelines2. 38.757% LTV; 51.243% below 90% maximum3. Mortgage history is 0x30 for 12 months  4. No public records5. Borrower has been self-employed for the last 18.5 years6. DTI ratio of 16.409%; 26.591% less than 43% maximum
COMMENTS: Client elects to waive guideline requirement with compensating factors.
Compensating Factors:  1. 717 credit score; 17 point above minimum credit score of 700 as required by guidelines 2. 38.757% LTV; 51.243% below 90% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been self-employed for the last 18.5 years 6. DTI ratio of 16.409%; 26.591% less than 43% maximum 9/17/2019 Primary Residence FL XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 540 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Lender credits decreased  on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specific andnon-specific lender credits ($1,487.82) does not exceed or equal the comparable sum of specific and non-specific lender credits($1,623.00).  Total amount $135.18.
COMMENTS: //UPDATE 09/26/2019: Received XXX COC.

2) Missing evidence of the gift funds transfer of $XXX from donor to Title/Escrow at closing.  Subject to re-calculation of reserves upon receipt.
COMMENTS: wire transfer received

3) Subject is a non-arms length transaction per appraisal. Borrower is the tenant of the property being purchased.  Missing 2nd appraisal as required by guidelines  //  UPDATED 9/24/2019: contractual agreement between tenant and landlord is the business relationship.  Missing 2nd appraisal.
COMMENTS: Meets XXX - No NOD on title. Need 2nd appraisal./// Client exception provided 
  1) The loan contains errors within one or more TRID disclosure.  The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:  IL Loan Brokerage Agreement and IL Loan Brokerage Disclosure Statement.

3) Seller Approved Exception: Allow use of XXX statements instead of traditional bank statements. Borrower is the sole proprietor, who sells memorabilia and toys, and is paid via XXX through sales on XXX Compensating Factors1. Owner of the same business for the past 15 years2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00%4. No public records5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640
COMMENTS: Seller granted exception with compensating factors

4) Client approved exception in the loan file.  Client approved exception for Non-arms length transaction missing 2nd full appraisal vs program requirement for a full 2nd appraisal required on Non-arms length transaction. Compensating Factors1. Owner of the same business for the past 15 years2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00%4. No public records5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640
Compensating Factors 1. Owner of the same business for the past 15 years 2. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 3. 43.86% DTI, 6.14% less than program guideline maximum DTI of 50.00% 4. No public records 5. 669 FICO scores, 29 points greater than program guideline minimum FICO scores of 640 9/19/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 541 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Points added on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $1,572.39.
COMMENTS: //UPDATE 09/24/2019: Received XXX COC indicating broker compensation changed. Client notes indicated interest rate was reduced from 7.385% to 7.26%.

2) Missing verification of mortgage history for  property  located at XXX not to exceed 1X30 in the past 12 months. The mortgage statement indicates that the non-borrowing spouse is the lien holder. \\\Update 9/20/2019 The mortgage history with XXX provided  reflects 2x30 in the past 12 months which exceeds the maximum 1x30x12 allowed by the lender guidelines. The pay history reflects the borrower was 30 days late in XXX and  XXX. Missing documentation to support the borrower's current 12 month housing history, if borrower is responsible for mortgage history provided then exceeds housing history guidelines.

3) Missing final signed HUD proof of sale for departing residence located at XXX. Loan is subject to recalculation. \\\\Update 9/20/2019 The borrower's reserves are sufficient to meet guideline requirement if borrower has retained property.

4) Missing Lock Confirmation to verify terms of subject transaction.

5) The recalculated income of $8,347.73 resulted in a DTI of 51.20% which exceeded the loan program guideline maximum DTI of 50.00%. The lender understated the monthly HOA dues by $307.67 and did not included a revolving account from XXX account ending in 0LOC with a balance of $3,955.00 and monthly payment of $88.00 as well as a revolving account with XXX account ending in XXX with a balance of $105.00 and monthly payment of $25.00. In addition, the Lender overstated the borrower's total deposits on the August 2018 statement from XXX account ending in XXX by $XXX. The XXX statement reflected total deposits of $XXX.
1) The loan contains errors within one or more TRID disclosure.  Lender under disclosed ETIA/non-escrow collection on Final CD dated XXX. Total ETIA  total should be $926.34 not $618.67.  Hazard Insurance premium of $1,370.00 monthly is $114.17.  For Taxes, used Tax Information Sheet, shows annual Property tax amount of $5,054.04  monthly $421.17, HOA is 391.00 monthly based on the appraisal in file.  Adding these amounts equals $926.34. NEED PCCD correcting ETIA and non-escrow property costs in year 1, along with letter of explanation and proof of method of delivery to borrower.
COMMENTS: Received PCCD dated XXX correcting the ETIA/ non escrow property costs in year 1 along with LOE and POD
1) The Seller Paid fees on the Closing Disclosure in file dated 09/09/2019 do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Client exception approved provided. Client exception provided as recalculated DTI is 51.20%  vs program maximum of 50.00%Compensating Factors:1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement2. Owner of the same business for 9 years3. No public records4. 686 Fico is 6 points greater than program requirement of 680
Compensating Factors: 1. 7 months reserves, 4 months greater than program guideline 3 months reserves requirement 2. Owner of the same business for 9 years 3. No public records 4. 686 Fico is 6 points greater than program requirement of 680 9/18/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 542 XXX XXX XXX           Compensating Factors:  1. 721 credit score; 21 point above minimum credit score of 700 as required by guidelines 2. Mortgage history is 0x30 for 12 months   3. No public records 4. Borrower has been self-employed for the last 12 years 5. DTI ratio of 40.04%; 9.96% less than 50% maximum 9/12/2019 Investment Property NJ XXX Purchase Not covered / exempt EG1   EG1   EG1   EG1   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 543 XXX XXX XXX         1) The loan contains errors within one or more TRID disclosure.  On CD issued XXX, under the Estimated Taxes, Insurance and Assessments section on page one, This estimate includes, Other is missing a description of the other assessments that are also included in escrow.  Need Post Consummation CD with a description of the other assessments that are also included in escrow and explanation letter to borrower with proof of method of delivery of all to borrower.

2) The loan contains errors within one or more TRID disclosure. Need Post Consummation Closing Disclosure correcting the fees.  Closing Disclosure in file dated XXX reflects Title Fees Paid to XXX and listed in Section C and need to be moved to Section B per the Service Providers List.  

3) Seller Approved Exception: Allow funds for closing costs paid from borrowers business account vs program guideline requirement that business funds must be transferred to borrowers personal accountCompensating Factors:1. 795 credit score; 155 points greater than 640 program minimum2. 21 months reserves; 18 months greater than3 months program minimum3. 31.16% DTI; 11.84% less than 43.00% program minimum4. Borrower has been self-employed/Owner of the same business for 32 years
COMMENTS: Client exception approval granted with compensating factors
Compensating Factors:  1. 795 credit score; 155 points greater than 640 program minimum 2. 21 months reserves; 18 months greater than3 months program minimum 3. 31.16% DTI; 11.84% less than 43.00% program minimum 4. Borrower has been self-employed/Owner of the same business for 32 years 9/24/2019 Primary Residence DE XXX Refinance - rate and term   Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 544 XXX XXX XXX     1) Missing Appraiser's E&O Insurance for appraiser XXX

2) Missing documentation to evidence that the borrower's is the sole owner of a XXX account ending in XXX and XXX.  A transfer of $XXX on XXX from XXX business account ending in XXX to a XXX account ending in XXX and a transfer of $XXX on XXX from XXX business account ending in XXX to a XXX account ending in XXX. Loan is subject to assets and reserves recalculation
1) This loan failed TRID 10% fee tolerance.  This loan failed the charges that in total cannot increase more than 10% test. (12 CFR 1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to 1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($180.00) due to the Recording Fee exceed the comparable charges ($120.00) by more than 10%.
COMMENTS: //UPDATE 09/27/2019: Received PCCD, reimbursement check, borrower letter, and proof of delivery. 
1) The loan contains errors within one or more TRID disclosure.  The Closing Disclosure dated XXX is Missing All of the Seller Paid fees reflected on the Sellers Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:  IL Civil Union Addendum to Uniform Residential Loan Application completed with boxes marked and signed by borrower, IL Loan Brokerage Agreement, and IL Loan Brokerage Disclosure Statement.

3) Client approved exception to allow down payment coming from the borrower's business account vs program requirement that if funds in a business bank or brokerage account must be transferred to the borrower's personal account. Compensating Factors:1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00%2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement 3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660
Compensating Factors: 1. 35.07% DTI, 14.93% less than program guideline maximum DTI of 50.00% 2. 9 months reserves, 6 months greater than program guideline 3 months reserves requirement  3. 684 FICO Scores, 24 points greater than program guideline minimum FICO scores of 660 9/21/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 545 XXX XXX XXX     1) Missing a signed letter of explanation and source for the  large deposit of $XXX into the borrower's personal account with XXX ending in XXX on XXX.
COMMENTS: deducted large deposit from assets - still sufficient - reserves met.

2) Lender to provide evidence of monthly obligations for taxes, hazard insurance and HOA dues (if applicable), for the property located at XXX

3) Missing copy of Note and final signed closing disclosure for the purchase of the borrower's primary residence on XXX and located at XXX
  1) Seller Approved Exception: Borrower's company, XXX was formed 17 months ago (XXX) vs program requirement that the borrower must have been continually self employed for two yearsCompensating Factors:1. 38.04% DTI, 11.96% less than program guideline maximum DTI of 50.00%2. 31 months reserves, 28 months greater than program guideline 3 months reserves requirement3. 746 FICO Scores, 26 points greater than program guideline minimum FICO scores of 7204. No public records Compensating Factors: 1. 38.04% DTI, 11.96% less than program guideline maximum DTI of 50.00% 2. 31 months reserves, 28 months greater than program guideline 3 months reserves requirement 3. 746 FICO Scores, 26 points greater than program guideline minimum FICO scores of 720 4. No public records 9/19/2019 Investment Property FL XXX Purchase Not covered / exempt EG3   EG2   EG3   EG2   EG1   EG1   EG1   EG1  
05/12/2022 22NQM2 - 546 XXX XXX XXX     1) Finance Charges are understated.  The Collateral Desktop Analysis reflects payable to Lender in Section "A" with no proof in file that fee is a pass through fee for Lender resulting in the below TILA Finance Charge Violation.Federal TILAThis loan failed the TILA finance charge test.(12 CFR 1026.18(d)(1), transferred from 12 CFR 226.18(d)(1))The finance charge is $XXX. The disclosed finance charge of $XXX is not considered accurate because it is understated by more than $100.00.  Total Under Disclosed amount is -$150.00.
COMMENTS: Received attestation that CDA fee was paid through fee and not retained by the lender. cleared

2) Missing Rate Lock Confirmation.
    Compensating Factors:  1. 701 credit score; 1 point above minimum credit score of 700 as required by guidelines 2. No public records 3. Borrower has been self-employed for the last 2 years 4. DTI ratio of 14.451%; 28.549% less than 43% maximum 9/25/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG1   EG3   EG1   EG3   EG1   EG1   EG1  
05/12/2022 22NQM2 - 547 XXX XXX XXX     1) Missing Rate Lock Confirmation

2) Missing documentation to evidence the borrower has reserves in the amount of $XXX to meet the guideline reserve requirement (subject 3 months + 1 investment property).  //  UPDATE 9/30/2019 Received one month statement XXX XXX ending balance $5497.47 dated to XXX - missing 2nd concurrent month.  Updated reserves value $XXX and does not meet minimum requirement of $XXX.

3) Missing the most recent 12 months bank statements for the borrower  to support the income used to qualify. File contains statements for XXX XXX XXX only. Subject to recalculation of the debt to income ratios.  //  UPDATED 9/30/2019:  Only one statement from XXX XXX has been received (statement dated to XXX).  Missing balance of statements from this account.  Subject to re-calculation of income upon receipt. // UPDATED 10/1/2019: Missing eleven months bank statements from XXX XXX in order to calculate the qualifying income.  Only one month of online statements from XXX XXX have been provided (HAVE XXX only).
1) The loan contains errors within one or more TRID disclosure.   The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
COMMENTS: //UPDATE 10/01/2019: Received PCCD, Seller CD, borrower letter, and proof of delivery.

2) The loan contains errors within one or more TRID disclosure.  Lender over disclosed ETIA/Escrow collection on Final CD dated XXX. Total ETIA and monthly escrow totals should be $1,335.53 not $1,369.06. Hazard Insurance premium of $4,343.89monthly is $361.99.  For Taxes, used Tax Certificate, shows annual Property tax amount of $10,057.40  monthly $838.12. HOA is $1,625.00-monthly $135.42, adding these monthly amounts equals $1,335.53. NEED PCCD correcting escrows/ETIA, along with letter of explanation and proof of method of delivery to borrower.
COMMENTS: //UPDATE 10/03/2019: Received PCCD, Seller CD, borrower letter, and proof of delivery.
  Compensating Factors  1. 685 FICO and is 5 points greater than minimum of 680 required by the guidelines 2. No public records  3. 0x30 housing history for the past 12 months  4. The borrower has been in the same line of business for 15 years 9/26/2019 Primary Residence TX XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 548 XXX XXX XXX     1) The loan file is missing 11 months rental rating for the borrowers current residence located at XXX//Updated 09252019  Letter of explanation indicates the borrower was renting XXX prior to this purchase.  Missing 11 month rental rating from landlord.

2) Missing the12 month  mortgage history XXX for the borrower's property located at XXX in XXX. Maximum 1x30.//Updated 09252019 Statements copies and credit report provided were for XXX of which the file already contains a 23 month rating on the credit report.  Missing a 12 month rating for XXX.  ///  UPDATE 9/27/2019: XXX report shows property acquired XXX with 1st mortgage in the amount of $XXX.  Missing most recent 12 month payment history or proof this mortgage was fully paid prior to XXX.
COMMENTS: Received letter from note holder reflecting all payment made on time 
  1) The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure.
Compensating Factors: 1. 661 FICO Scores, 21 points greater than program guideline minimum FICO scores of 640 2. 45.15% DTI, 4.85% less than program guideline maximum DTI of 50.00% 3. Excellent mortgage payment history since inception on 09/2017 4. No public records 9/20/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 549 XXX XXX XXX     1) Missing Condo Budget, Condo Insurance, and evidence of Condo maintenance fees.

2) Missing evidence of rent paid for the months of XXX for property located at XXX

3) Missing Lock Confirmation
  1) The loan contains errors within one or more TRID disclosure.  The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:  IL Loan Brokerage Agreement and IL Loan Brokerage Disclosure Statement.

3) Seller Approved Exception: Excluded XXX Auto Loan payment of $1,955.00 per month on borrower's credit report with 10 months' evidence borrower's business has been paying the loan (due to the fact that its inception date was also 10 months ago in XXX) vs program requirement of a full most recent 12 months' evidence of third party paying a debt to exclude from DTICompensating Factors:1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00%3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 6404. Borrower has been self employed as a XXX for the past 6 years
COMMENTS: Client elects to waive guideline requirement with compensating factors.
Compensating Factors: 1. 23 months reserves, 20 months greater than program guideline 3 months reserves requirement 2. 80.00% LTV, 5% less than program guideline maximum LTV of 85.00% 3. 651 FICO Scores, 11 points greater than program guideline minimum FICO scores of 640 4. Borrower has been self employed as a xxx for the past 6 years 9/23/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 550 XXX XXX XXX     1) Missing Rate Lock Confirmation /// UPDATED 10/1/2019: Received lock confirmation for 7/1 ARM product that does not reflect the Margin.  Missing corrected Lock confirmation.

2) Missing a signed letter of explanation and the source of the following large deposit into borrower's XXX account ending in XXX on 07/18/2019 in the amount of XXX. The loan is subject to income and assets recalculation  /// UPDATED 10/1/2019: Deducted large deposit from qualifying income results in increased DTI to 52.33% and exceeds 50.00% guideline maximum.
COMMENTS: recalculated worksheet completed
1) The loan contains errors within one or more TRID disclosure. Lender over disclosed ETIA/ non-escrow collection on Final CD dated XXX. Total ETIA and monthly non-escrow totals should be $1057.31 not $1067.84. Hazard Insurance premium of $379.92 monthly is $31.66.  For Taxes, used Tax Information Sheet, shows annual Property tax amount of $5786.16  monthly $482.18,  Adding these three  monthly  amounts equals $1057.31. NEED PCCD correcting non-escrow property costs in year 1/ETIA, along with letter of explanation and proof of delivery to borrower.
COMMENTS: //UPDATE 10/04/2019: Received PCCD, Seller CD, borrower letter, and proof of delivery. 
1) Missing the following required Federal and/or State Disclosures: Missing the Anti Steering Option Disclosure.

2) Missing the following required Federal and/or State Disclosures: Missing the Illinois Loan Brokerage agreement and Broker Disclosure statement.

3) Client Approved Exception: Approved exception in the file to allow funds for the down payment ($XXX) and closing costs to come  from the borrower's business account (borrower has no personal bank account) vs the program requirement that if funds in a business bank or brokerage account have not been transferred to the borrower's personal accounts, such funds may not be included in Down Payment and Closing CostsCompensating Factors:1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00%2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 6403. Owner of the same business for the past 4 years4. No public records

4) Client Approved Exception: Approved exception in file to allow the collection account with XXX for $XXX (child support) and a charge off from XXX #XXX for $2,912.00 (Auto) to remain open vs program requirement that all non-medical collection accounts and charge-offs exceeding $1,000.00 which are not in dispute (except collection accounts and charge offs no longer enforceable due to applicable state statute of limitations), must be paid in full prior to or at the time of a loan's funding by originating lenderCompensating Factors:1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00%2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 6403. Owner of the same business for the past 4 years4. No public records

5) Client Approved Exception: Approved exception as the borrower paid 6 months past due child support up front. All past due payments were made  at the same time with 6 separate receipts vs program requirement history 6 monthly payments of child support per bottom of approved revision #2Compensating Factors:1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00%2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 6403. Owner of the same business for the past 4 years4. No public records
Compensating Factors: 1. 36.24% DTI, 13.76% less than program guideline maximum DTI of 50.00% 2. 709 FICO scores, 69 points greater than program guideline minimum FICO scores of 640 3. Owner of the same business for the past 4 years 4. No public records 9/26/2019 Primary Residence IL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 551 XXX XXX XXX     1) This loan failed TRID zero fee tolerance. Points increased on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 2This loan failed the charges that cannot increase test. (12 CFR 1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $737.50.This loan failed the reimbursement amount test. (12 CFR 1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $50.00, is notsufficient to reimburse the consumer the amount by which the tolerances were exceeded, $737.50.
COMMENTS: //UPDATE 10/07/2019: Received XXX COC.

2) Loan approval is subject to satisfactory appraisal review.  Subject to further underwriting.  Additional conditions may apply.Missing required appraisal CDA.

3) Location map with subject and comparable is missing from the file.

4) Appraisal requires a sketch of the subject property.

5) Missing Required 4506-T
COMMENTS: no tax returns used. W2 and paystubs only
1) //UPDATE 10/07/2019: Received PCCD with re-opened rescission, borrower letter, and proof of delivery. Condition will be cleared once confirmation obtained that the new rescission period ended without incident.This loan failed the TILA Right of Rescission test.  The funding date is before the third business day following consummation.  The rescission "midnight of" date was XXX and according to CD dated XXX the loan funded XXX.  The Interest from and Disbursement dates are XXX resulting in the below TILA Violation.  Need Post Consummation CD reflecting accurate Interest From and Disbursement dates with explanation letter to borrower and proof of method of delivery to borrower.
COMMENTS: //UPDATE 10/22/2019: Past XXX. Also received another PCCD with borrower letter, proof of delivery, and reimbursement for finance charge $50.00 per borrower cover letter. The XXX $50.00 reimbursement for lender credit on final CD can be seen on the final Alta settlement statement and was alread applied to the transaction - applied to TRID zero fee violation (see EID# 3320).

2) Added 10/07/2019: TILA Post-Consummation Revised Closing Disclosure Lending Policies This loan failed the TILA foreclosure rescission finance charge test. (12 CFR 1026.23(h), transferred from 12 CFR 226.23(h))The finance charge is $XXX. The disclosed finance charge of $XXX is not considered accurate for purposes of rescission because it is understated by more than $35.Resulting variance was $50.00. Added as a result of condition review of Conditions #XXX and #XXX.
COMMENTS: //UPDATE 10/22/2019: Received PCCD with reimbursement check, borrower letter, and proof of delivery. NOTE: There is a $50.00 lender credit noted on the final Alta settlement statement dated XXX. The reimbursement check was applied to the finance charge reimbursement per borrower letter. 
  Compensating Factors:  1. 797 credit score; 77 points above minimum credit score of 720 as required by guidelines 2. 68.75% LTV; 6.25% below 75% maximum 3. Mortgage history is 0x30 for 12 months   4. No public records 5. Borrower has been employed for the last 22 years 6. DTI ratio of 45.01%; 4.99% less than 50% maximum 10/2/2019 Primary Residence CA XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 552 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Lender Credit was removed on Closing Disclosure dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits($385.00).
COMMENTS: Received CoC fo rXXX reflecting change in pricing and removal of lender credit. Retested in CE and passes
1) This loan failed TRID zero fee tolerance.  There is a $200.00 invoice in file for 1004d completion report paid by the borrower on XXX. However, the disbursement was not disclosed on the XXX final closing disclosure. Need post consummation closing disclosure with borrower letter and proof of delivery, adding the $200.00 1004d appraisal fee. Note: The addition of the fee will cause a $200.00 TRID failure.
COMMENTS: //UPDATE 10/02/2019: Received PCCD, reimbursement check, borrower letter, and proof of delivery. 
1) Seller Approved Exception: Use of funds for reserves (not for income) from un-sourced deposits from business account on XXX of $XXX and XXX of XXX dollars vs program requirement that all large deposits must be documented from an acceptable sourceCompensating Factors:1. 777 FICO scores, 97 points greater than program guideline minimum FICO scores of 6802. Owner of the same business for the past 8 years3. No public records4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement
COMMENTS: client exception approval with compensating factors

2) The loan contains errors within one or more TRID disclosure: The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
Compensating Factors: 1. 777 FICO scores, 97 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 8 years 3. No public records 4. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement 9/27/2019 Primary Residence AZ XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 553 XXX XXX XXX         1) The loan contains errors within one or more TRID disclosure.  On CD issued XXX, under the Estimated Taxes, Insurance and Assessments section on page one, This estimate includes, Other is missing a description of the other assessments that are also included in escrow.  Need Post Consummation CD with a description of the other assessments that are also included in escrow and explanation letter to borrower with proof of method of delivery of all to borrower. Compensating Factors: 1. 16.030% DTI, 26.97% less than program guideline maximum DTI of 43.00% 2. 773 FICO scores, 93 points less than program guideline minimum FICO scores of 680 3. 39 months reserves, 35 months greater than program guideline 4 months reserves requirement (3 months for subject and 1 month for investment) 10/4/2019 Primary Residence PA XXX Purchase Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 554 XXX XXX XXX         1) The loan contains errors within one or more TRID disclosure. Need Post Consummation Closing Disclosure correcting the fees.  Closing Disclosure in file dated XXX reflects Title Fees Paid to XXX and listed in Section C and need to be moved to Section B per the Service Providers List.   Compensating Factors   1. 722 FICO is 42 Points greater than the minimum of 680 required by the lender guidelines  2. 0x30 housing history for 12 months  3.44.44% LTV; 45.56% less than 90.00% program maximum 9/25/2019 Primary Residence IL XXX Refinance - cash out Non-Qualified Mortgage EG3   EG2   EG1   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 555 XXX XXX XXX     1) This loan failed TRID zero fee tolerance.  Lender Credit was removed on Loan Estimate dated XXX without a Valid Change of Circumstance results in the below TRID tolerance violation.Integrated Disclosures Tolerance & Reimbursement Provisions - XXX - 1This loan failed the lender credits that cannot decrease test. ( 12 CFR 1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to 1026.19(e)(3)(i). The final sum of specificand non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits($432.00).
COMMENTS: //UPDATE 10/02/2019: Received XXX rate lock and COC.

2) Missing Rate Lock Confirmation

3) Missing Condo Budget, Condo Insurance, and evidence of Condo maintenance fees. // UPDATED 10/2/2019:  Received copy of master insurance policy only.. Per HOA questionnaire, a copy of the HOA annual budget and most recent HOA yearend financial statement are required - still need./// Update 10/4/2019 The HOA questionnaire is requiring that the annual budget and HOA year end  financial statement be provided.

4) Missing required signed 4506-T from both borrowers'
1) Missing appraisal invoice to confirm Appraisal Fee of $575.00 as reflected on Final Closing Disclosure dated XXX.
COMMENTS: //UPDATE 10/11/2019: Received PCCD, borrower letter, and proof of delivery. The final Alta Settlement Statement showed that the appraisal fee was paid POC, so no additional evidence of borrower reimbursement needed. 
1) The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX .  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.

2) Missing the following Federal and/or State specific disclosures:   NC Fee Information From your Mortgage Broker for your Mortgage Loan a/k/a Mortgage Broker Application Disclosure.

3) Seller Approved Exception: Loan Amount is $XXX vs program minimum requirement of $XXX Compensating Factors:1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00%2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00%
Compensating Factors: 1. 28.47% DTI, 14.53% less than program guideline maximum DTI of 43.00% 2. 314 months reserves, 311 months greater than program guideline 3 months reserves requirement 3. 60.00% LTV, 30% less than program guideline maximum DTI of 90.00% 9/28/2019 Primary Residence NC XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG2   EG3   EG2   EG3   EG1  
05/12/2022 22NQM2 - 556 XXX XXX XXX     1) Missing Rate Lock Confirmation

2) Missing CPA letter regarding use of business assets for earnest money deposit and closing costs in XXX Business Checking Acct XXX and the impact, if any, it would have on the borrower's business.
COMMENTS: Guideline amendment XXX

3) Missing a copy of the borrower's foreign  passport as required by the guidelines. The 1003 loan application indicates the borrower is not a US citizen or a permanent residence alien.
COMMENTS: VISA E2 expiration date XXX
  1) Missing the following Federal and/or State specific disclosures:  Loan Options Disclosure/Anti-Steering Options Disclosure.

2) The loan contains errors within one or more TRID disclosure: The Seller Paid fees on the Closing Disclosure in file dated XXX do not match the Seller Paid fees on the Seller's Closing Disclosure in file dated XXX.  Need Post Consummation Closing Disclosure (CD) with letter to borrower and proof of method of delivery reflecting all Seller paid fees in Seller-Paid column of Borrower's CD.
Compensating Factors: 1. 32.98% DTI, 10.02% less than program guideline maximum DTI of 43.00% 2. Owner of the same business for 4 years 3. 5 months reserves, 2 months greater than program guideline 3 months reserves requirement 9/27/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  
05/12/2022 22NQM2 - 557 XXX XXX XXX     1) Missing Rate Lock Confirmation

2) Missing the rental rating for the borrower's current residence for XXX. Maximum 1x30. Missing documentation to evidence the XXX and XXX rental payments did not exceed the guideline maximum of 1x30 for 12 months.
1) Exhibit "A" attached to the Mortgage in file dated XXX  does not match the legal description reflected on the preliminary title report. Need a copy of Mortgage inclusive of correct Legal Description.
COMMENTS: //UPDATE 10/08/2019: Received recorded mortgage with legal description and riders. 
1) The loan contains errors within one or more TRID disclosure.  The Closing Disclosure (CD) in file dated XXX is missing all of the Seller Paid fees according to the Seller's Closing Disclosure in file.  Need Post Consummation Closing Disclosure with letter to borrower and proof of method of delivery reflecting all Seller Paid fees in Seller-Paid column of Borrower's CD. Compensating Factors: 1. 793 FICO scores, 113 points greater than program guideline minimum FICO scores of 680 2. Owner of the same business for the past 34 years 3. 39.01% DTI, 3.99% less than program guideline maximum DTI of 43.00% 10/2/2019 Primary Residence FL XXX Purchase Non-Qualified Mortgage EG3   EG2   EG3   EG1   EG3   EG2   EG1   EG1  

 

 

 

 

TPR Firm: Edgemac Date Submitted: 5/12/2022
Client Name: BRAVO 2022-NQM2 Report: Rating Agency Grades
Client Project: BRAVO 2022-NQM2 Loans in report: 54

 

 

 

  INITIAL CREDIT GRADES INITIAL COMPLIANCE GRADES INITIAL PROPERTY GRADES INITIAL OVERALL LOAN GRADES FINAL CREDIT GRADES FINAL COMPLIANCE GRADES FINAL PROPERTY GRADES FINAL OVERALL LOAN GRADES
Report Date Loan Number Edge MAC ID Seller Loan Number Originator Loan Amount DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P
05/12/2022 22NQM2 - 504 XXX XXX XXX XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
05/12/2022 22NQM2 - 505 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 506 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 507 XXX XXX XXX XXX C C C C C B B B B B A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 508 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 509 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 510 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 511 XXX XXX XXX XXX A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 512 XXX XXX XXX XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
05/12/2022 22NQM2 - 513 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 514 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 515 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 516 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 517 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 518 XXX XXX XXX XXX C C C C C A A A A A A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 519 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 520 XXX XXX XXX XXX A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 521 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 522 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 523 XXX XXX XXX XXX C C C C C B B B B B A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 524 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 525 XXX XXX XXX XXX A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 526 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 527 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 528 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 529 XXX XXX XXX XXX C C C C C A A A A A A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 530 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 531 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 532 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 533 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 534 XXX XXX XXX XXX C C C C C B B B B B A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 535 XXX XXX XXX XXX C C C C C A A A A A A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 536 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 537 XXX XXX XXX XXX C C C C C B B B B B C C C C C C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 538 XXX XXX XXX XXX A A A A A C C C C C C C C C C C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 539 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 540 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 541 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 542 XXX XXX XXX XXX A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
05/12/2022 22NQM2 - 543 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 544 XXX XXX XXX XXX C C C C C C C C C C C C C C C C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 545 XXX XXX XXX XXX C C C C C A A A A A A A A A A C C C C C B B B B B A A A A A A A A A A B B B B B
05/12/2022 22NQM2 - 546 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A A A A A A A A A A A A A A A A
05/12/2022 22NQM2 - 547 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 548 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 549 XXX XXX XXX XXX C C C C C C C C C C C C C C C C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 550 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 551 XXX XXX XXX XXX C C C C C C C C C C C C C C C C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 552 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 553 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 554 XXX XXX XXX XXX A A A A A C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 555 XXX XXX XXX XXX C C C C C C C C C C C C C C C C C C C C B B B B B B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 556 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B
05/12/2022 22NQM2 - 557 XXX XXX XXX XXX C C C C C C C C C C A A A A A C C C C C A A A A A B B B B B A A A A A B B B B B

 

 

 

TPR Firm: Edgemac Date Submitted: 5/12/2022
Client Name: BRAVO 2022-NQM2 Report: Supplemental Data
Client Project: BRAVO 2022-NQM2 Loans in report: 54

 

 

Report Date Loan Number Edge MAC ID Seller Loan Number Most Recent Pay History Longest Available  Credit based Modification Flag Type of Modification Modification Term Servicing Transfer Date Borrower 3 Original Score Borrower 4 Original Score Borrower 3 Original Score Date Borrower 4 Original Score Date Borrower 3 Updated Score Borrower 4 Updated Score Borrower 3 Updated Score Date Borrower 4 Updated Score Date FN Alternative Credit Documentation Borrower Residency Status Co-Borrower Residency Status UW Guideline Author UW Guideline Date UW Guideline Program Originator Credit Grade if appl  Correspondent Name Qualifying Credit Score Qualifying Home Value for LTV HOA Flag HOA Monthly Premium Amount Borrower Employment Status Co Borrower Employment Status No of Months Statement Type of Statements Assets / Income Doc Source - Bank Statements Income Doc Source (m) - W2 Income Doc Source (m) - Tax Returns Assets / Income Doc Source (m) - Asset Depletion Income Doc Source (m) - P&L Asset Verification (d) Borrower 1 Doc Type Borrower 2 Doc Type Borrower 3 Doc Type Borrower 4 Doc Type Investor DTI Prop DTI  Actual In Place Rent Third Party Market Rent Recourse Rent Loss Insurance m  Executed NOO Docs In File # Units Lease In Place Flag Borrower 1 Type Borrower 2 Type No Mtg Prop With Lender  No of Properties Year Built Total Sq Ft Property Condition # Beds # Baths Section 8 Acquisition Cost Renovation Cost UW Gross Potential Rent UW Economic Vacancy UW Effective Gross Income UW RE Taxes UW Ins Costs UW Prop Mgmt Fee UW Turnover Costs UW Repairs and Maintenance UW Marketing and Leasing Costs UW Utilities UW Other Costs UW HOA Fees UW Cap Ex Reserve Lease End Date Borrower 1 Name - By Income Borrower 2 Name - By Income Borrower First Name - Per Application Borrower Last Name  - Per Application Co Borrower First Name  - Per Application Co Borrower Last Name - Per Application Guarantor 1 Name Guarantor 1 Experian Score Guarantor 1 Transunion Score Guarantor 1 Most Recent Tri Merge Score Guarantor 1 Most Recent Tri Merge Score Date Guarantor 1 Total Income Guarantor 1 Total Debt Guarantor 2 Name Guarantor 2 Equifax Score Guarantor 2 Experian Score Guarantor 2 Transunion Score Guarantor 2 Most Recent Tri Merge Score Guarantor 2 Most Recent Tri Merge Score Date Guarantor 2 Total Income Guarantor 2 Total Debt ACH Payments Tape Cut Off Date Annual Property Tax Annual Insurance Costs Months Bankruptcy 7 11  Months Bankruptcy 13  Months Deed in Lieu Months Short Sale or Pre FC  Months Modification Prior Mtg Rent Late 30d in 24m  Prior Mtg Rent Late 60d in 24m  Prior Mtg Rent Late 90d in 24m  Life Event LOE Life Event Documented Prior Occupancy Type Number of Prior Credit Events Loan Application Date Regulatory Loan Purpose APR Points Fees QM Designation ATR Status Rate Lock Date Residual Income Originator QM Agency UW Test Non QM Reason Product Type Non QM Reason DTI Test 43 App Q  Non QM Reason Not App Q Any DTI  Non QM Reason Pts Fees Non QM Reason Other Executed ATR Docs In File QM ATR Exempt Reason TRID Applicable Full SFIG TRID 3 0 Scope Reviewed LP Grade DU Grade AUS Engine Collateral Underwriter CU risk score Property Inspection Wavier PIW  DSCR PITIA Income Used in DSCR Qualifying Rate Maturity Date P I Payment QM DTI ATR DTI Loan Regulation Benchmark Date Benchmark Rate HUD-1 Page 1 (Credits) Total  BALLOON FLAG FIRST RATE ADJUSTMENT DATE FIRST PAYMENT ADJUSTMENT DATE PAYMENT ADJUSTMENT FREQUENCY BORROWER 1 FIRST TIME HOME BUYER BORROWER 2 FIRST TIME HOME BUYER MOST RECENT BANKRUPTCY FILING DATE MOST RECENT BANKRUPTCY TYPE MOST RECENT BANKRUPTCY DISCHARGE DATE MOST RECENT FORECLOSURE DATE MOST RECENT SHORT SALE DATE MOST RECENT DEED IN LIEU DATE LEASEHOLD INDICATOR QUALIFYING PAYMENT TOTAL ASSETS WARRANTABLE CONDO
05/12/2022 22NQM2 - 504 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 702 XXX Y $286.00 Self-employed 12 Personal Account XXX         60 12 Month Bank Statements     5.34%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $1,813.32 $0.00             $3,432.00     XXX   XXX XXX                                       $1,813.32   100               Y     1 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y       XXX     XXX   XXX XXX XXX 5.339% 5.339%       No       Borrower is a First Time Home Buyer XXX XXX XXX XXX     No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 505 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 738 XXX Y $343.00 Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     55.06%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate XXX         $2,202.00 $560.04             $4,116.00     XXX   XXX XXX                                       $2,202.00 $560.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y             XXX   XXX XXX XXX 55.057% 55.057%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 506 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 775 XXX Y $134.00 Self-employed                 12 Month Verification (S/E Only)   58.53%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $12,946.56 $1,691.04             $1,608.00     XXX   XXX XXX                                       $12,946.56 $1,691.04           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 55.469% 55.469%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 507 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 643 XXX N   Salaried Employee     XXX XXX XXX     90 12 Month Verification  (Wage Earner Only)  46.44%           1                                                                                    0 1 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate XXX         $7,319.76 $1,404.00             $0.00     XXX   XXX XXX                                       $7,319.76 $1,404.00           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   Y Y Y N N     Y Y         No   XXX   XXX XXX XXX 46.438% 46.438%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 508 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 678 XXX N   Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     48.23%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear XXX         $3,981.00 $1,512.96             $0.00     XXX   XXX XXX                                       $3,981.00 $1,512.96           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y         No   XXX   XXX XXX XXX 48.232% 48.232%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 509 XXX XXX X                         Not used Borrower is a Foreign National - Legal residency has been verified   Borrower is a Foreign National - Legal residency has been verified     XXX XXX XXX XXX   XXX Y $141.67 Self-employed     XXX         90 12 Month Verification (S/E Only) 12 Month Verification (S/E Only) 13.82%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $4,345.08 $1,223.16             $1,700.04     XXX XXX XXX XXX XXX XXX                                   $4,345.08 $1,223.16                       0 XXX Consumer Purpose XXX   Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 29.791% 27.641%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 510 XXX XXX X                         Not used Borrower is a Foreign National  - Legal residency has been verified Borrower is a Foreign National  - Legal residency has been verified   XXX XXX XXX XXX 722 XXX Y $180.00 Self-employed 12 Business Account XXX         30 12 Month Bank Statements 12 Month Bank Statements   44.30%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $4,584.24 $1,620.00             $2,160.00     XXX XXX XXX XXX XXX XXX                                   $4,584.24 $1,620.00                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y         No   XXX   XXX XXX XXX 44.297% 44.297%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer Borrower is a First Time Home Buyer         No XXX XXX  
05/12/2022 22NQM2 - 511 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 700 XXX Y $70.83 Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     20.20%           1                                                                                    0 0 XXX   C1 - Newly contracted/Not Previously Occupied           $8,352.00 $1,038.00             $849.96     XXX   XXX XXX                                       $8,352.00 $1,038.00                 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 20.198% 20.198%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 512 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 740 XXX N   Hourly Employee     XXX XXX       30 Full Documentation Full Documentation   42.74%           1                                                                                    0 2 XXX   C3 - Well maintained/normal wear and tear XXX         $679.92 $849.96             $0.00     XXX XXX XXX XXX XXX XXX                                   $679.92 $849.96           0 0 0       0 XXX Business Purpose XXX   Not covered / exempt Compliant   XXX   N N N N N   Investor Property N N         No   XXX   XXX XXX XXX 42.741% 42.741%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 513 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 801 XXX Y $227.00 Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     53.45%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear XXX         $1,338.96 $1,281.00             $2,724.00     XXX   XXX XXX                                       $1,338.96 $1,281.00                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y         No   XXX   XXX XXX XXX 53.446% 53.446%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 514 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 687 XXX Y $29.17 Self-employed 12 Business Account XXX         30 12 Month Bank Statements     13.84%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $3,900.96 $1,315.68             $350.04     XXX   XXX XXX                                       $3,900.96 $1,315.68                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y         No   XXX   XXX XXX XXX 13.843% 13.843%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 515 XXX XXX X                           Borrower is a Resident Alien - proof of status provided   XXX XXX XXX XXX 680 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements     10.62%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $1,214.88 $717.00             $0.00     XXX   XXX XXX                                       $1,214.88 $717.00                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 10.618% 10.618%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 516 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 803 XXX Y $1,030.00 Self-employed 12 Business Account XXX         60 12 Month Bank Statements     8.75%           1                                                                                    0 1 XXX   C3 - Well maintained/normal wear and tear           $6,071.16 $1,815.00             $12,360.00     XXX   XXX XXX                                       $6,071.16 $1,815.00           0 0 0       0 XXX Consumer Purpose XXX   Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 8.745% 8.745%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 517 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 671 XXX N   Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     42.60%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $1,945.08 $1,354.08             $0.00     XXX   XXX XXX                                       $1,945.08 $1,354.08                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y N N     Y Y         No   XXX   XXX XXX XXX 42.602% 42.602%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 518 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 627 XXX N   Self-employed Self-employed 12 Business Account XXX           12 Month Bank Statements 12 Month Bank Statements   31.94%           1                                                                                    0 1 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $4,793.04 $1,488.00             $0.00     XXX XXX XXX XXX XXX XXX                                   $4,793.04 $1,488.00           0 0 0 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 31.941% 31.941%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 519 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 732 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements     35.42%           1                                                                                    0 2 XXX   C3 - Well maintained/normal wear and tear           $4,312.56 $3,798.00             $0.00     XXX   XXX XXX                                       $4,312.56 $3,798.00           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 35.415% 35.415%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 520 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 647 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements     22.02%           1                                                                                    0 0 XXX   C2 - Relatively new or recently renovated property/Well Maint/No Deferred Maint       $5,172.00 $908.04             $0.00     XXX   XXX XXX                                       $5,172.00 $908.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y       XXX No   XXX   XXX XXX XXX 22.020% 22.020%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 521 XXX XXX X         754   5/31/2019 12:00:00 AM             Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 759 XXX Y $28.00 Fixed Income  Hourly Employee   XXX XXX XXX     60 12 Month Verification  (Wage Earner Only)  12 Month Verification  (Wage Earner Only)  12 Month Verification  (Wage Earner Only)  32.80%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear XXX         $3,343.80 $1,762.20             $336.00     XXX XXX XXX XXX XXX XXX                                   $3,343.80 $1,762.20                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y             XXX   XXX XXX XXX 32.802% 32.802%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 522 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 783 XXX N   Non-wage Earnings      XXX         30 Asset Depletion   Asset Depletion     16.65%           1                                                                                    0 1 XXX   C3 - Well maintained/normal wear and tear           $6,917.28 $1,497.12             $0.00     XXX XXX XXX XXX XXX XXX                                   $6,917.28 $1,497.12           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y         No   XXX   XXX XXX XXX 16.648% 16.648%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 523 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 770 XXX N   Self-employed     XXX         60 3 Month Verification of Rental Income w/Lease 35.12%           1                                                                                    0 3 XXX   C3 - Well maintained/normal wear and tear           $4,182.60 $2,438.04             $0.00     XXX   XXX XXX                                       $4,182.60 $2,438.04           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N N Y N   Investor Property N N             XXX   XXX XXX XXX 40.800% 40.800%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 524 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 653 XXX N   Self-employed 12 Personal Account XXX         30 12 Month Bank Statements 12 Month Bank Statements   24.39%           1                                                                                    0 1 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $6,778.92 $2,877.00             $0.00     XXX XXX XXX XXX XXX XXX                                   $6,778.92 $2,877.00           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 24.391% 24.391%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 525 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 690 XXX N   Hourly Employee     XXX XXX       30 Asset Depletion       46.46%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $1,136.04 $1,586.64             $0.00     XXX   XXX XXX                                       $1,136.04 $1,586.64                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 46.458% 46.458%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 526 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 700 XXX Y $46.00 Self-employed 12 Personal Account XXX         120 12 Month Bank Statements     32.09%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $11,462.76 $1,844.64             $552.00     XXX   XXX XXX                                       $11,462.76 $1,844.64                 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y             XXX   XXX XXX XXX 32.091% 32.091%       No       Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 527 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 732 XXX Y $275.00 Salaried Employee     XXX XXX       90 Full Documentation     42.25%           1                                                                                    0 1 XXX   C3 - Well maintained/normal wear and tear           $4,308.00 $228.00             $3,300.00     XXX   XXX XXX                                       $4,308.00 $228.00           0 0 0       0 XXX Consumer Purpose XXX   Non-Qualified Mortgage Compliant XXX XXX   N N N N N     Y Y         No   XXX   XXX XXX XXX 68.208% 68.208%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 528 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 694 XXX Y $65.00 Self-employed Self-employed 12 Business Account XXX   XXX     30 12 Month Bank Statements 12 Month Bank Statements   45.76%           1                                                                                    0 1 XXX XXX C2 - Relatively new or recently renovated property/Well Maint/No Deferred Maint 5 3   XXX         $5,313.00 $776.04             $780.00     XXX XXX XXX XXX XXX XXX                                   $5,313.00 $776.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y         No   XXX   XXX XXX XXX 45.761% 45.761%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 529 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 670 XXX Y $106.67 Self-employed 12 Business Account XXX   XXX     30 12 Month Bank Statements 12 Month Bank Statements   23.36%           1                                                                                    0 1 XXX   C3 - Well maintained/normal wear and tear           $4,498.20 $2,151.36             $1,280.04     XXX XXX XXX XXX XXX XXX                                   $4,498.20 $2,151.36           0 0 0 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 23.359% 23.359%       No       Borrower has prior home ownership experience within the past 3 years Borrower is a First Time Home Buyer         No XXX XXX  
05/12/2022 22NQM2 - 530 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 674 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements 12 Month Bank Statements   23.75%           1                                                                                    0 3 XXX   C3 - Well maintained/normal wear and tear           $4,903.20 $3,216.96             $0.00     XXX XXX XXX XXX XXX XXX                                   $4,903.20 $3,216.96           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 23.751% 23.751%       No       Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 531 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 732 XXX Y $315.00 Self-employed 12 Business Account XXX   XXX     30 12 Month Bank Statements 12 Month Bank Statements   37.10%           1                                                                                    0 6 XXX   C3 - Well maintained/normal wear and tear XXX         $591.36 $1,191.96             $3,780.00     XXX XXX XXX XXX XXX XXX                                   $591.36 $1,191.96           0 0 0       0 XXX Consumer Purpose XXX   Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 37.099% 37.099%       No       Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 532 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 771 XXX Y $341.00 Self-employed 12 Business Account XXX         30 12 Month Bank Statements     39.91%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $2,709.12 $105.00             $4,092.00     XXX   XXX XXX                                       $2,709.12 $105.00                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y       XXX No   XXX   XXX XXX XXX 39.907% 39.907%       No       Borrower is a First Time Home Buyer           No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 533 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 677 XXX N   Self-employed 12 Personal Account XXX         60 12 Month Bank Statements     32.35%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $1,985.16 $1,035.96             $0.00     XXX   XXX XXX                                       $1,985.16 $1,035.96                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y N N     Y Y       XXX     XXX   XXX XXX XXX 32.346% 32.346%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 534 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 750 XXX N   Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     32.25%           1                                                                                    0 1 XXX   C3 - Well maintained/normal wear and tear           $3,123.12 $2,793.00             $0.00     XXX   XXX XXX                                       $3,123.12 $2,793.00           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 32.248% 32.248%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 535 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 635 XXX N   Hourly Employee       XXX         Full Documentation     34.68%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $3,580.20 $1,358.04             $0.00     XXX   XXX XXX                                       $3,580.20 $1,358.04                 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N N N Y     Y Y         No   XXX   XXX XXX XXX 34.680% 34.680%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 536 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 716 XXX Y $155.00 Self-employed 12 Business Account XXX         30 12 Month Bank Statements     31.81%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $762.96 $1,154.04             $1,860.00     XXX   XXX XXX                                       $762.96 $1,154.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   Y N Y Y N     Y Y         No   XXX   XXX XXX XXX 31.811% 31.811%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 537 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 769 XXX N   Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     39.48%           1                                                                                    0 1 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $1,781.04 $2,046.00             $0.00     XXX   XXX XXX                                       $1,781.04 $2,046.00           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y             XXX   XXX XXX XXX 39.483% 39.483%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 538 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 739 XXX N   Self-employed 12 Business Account XXX           12 Month Bank Statements     36.39%           1                                                                                    0 0 XXX   C2 - Relatively new or recently renovated property/Well Maint/No Deferred Maint XXX         $7,531.80 $914.64             $0.00     XXX   XXX XXX                                       $7,531.80 $914.64                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 36.386% 36.386%       No       Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 539 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 717 XXX Y $66.25 Self-employed 12 Business Account XXX         30 12 Month Bank Statements     16.41%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $4,075.80 $1,639.08             $795.00     XXX   XXX XXX                                       $4,075.80 $1,639.08           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y         No   XXX   XXX XXX XXX 16.409% 16.409%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 540 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 669 XXX N   Self-employed Social Security 12 Personal Account XXX         30 12 Month Bank Statements 12 Month Bank Statements   43.86%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $4,614.12 $722.04             $0.00     XXX XXX XXX XXX XXX XXX                                   $4,614.12 $722.04                 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y       XXX No   XXX   XXX XXX XXX 43.857% 43.857%       No       Borrower is a First Time Home Buyer Borrower is a First Time Home Buyer         No XXX XXX  
05/12/2022 22NQM2 - 541 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 686 XXX Y $391.00 Self-employed 12 Business Account XXX           12 Month Bank Statements     51.20%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $5,054.04 $1,370.04             $4,692.00     XXX   XXX XXX                                       $5,054.04 $1,370.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y         No   XXX   XXX XXX XXX 51.197% 51.197%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 542 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 721 XXX N   Self-employed 12 Business Account XXX         120 12 Month Bank Statements     41.84%           1                                                                                    0 1 XXX XXX C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate 3 1   XXX         $4,435.80 $1,796.64             $0.00     XXX   XXX XXX                                       $4,435.80 $1,796.64           0 0 0       0 XXX Business Purpose XXX   Not covered / exempt Compliant   XXX   N N N N N   Investor Property N N       XXX No   XXX   XXX XXX XXX 41.840% 41.840%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 543 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 795 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements     31.16%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $3,020.16 $1,032.00             $0.00     XXX   XXX XXX                                       $3,020.16 $1,032.00           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y       XXX No   XXX   XXX XXX XXX 31.162% 31.162%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 544 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 676 XXX Y $45.00 Self-employed 12 Business Account XXX           12 Month Bank Statements     35.07%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $15,591.96 $1,643.40             $540.00     XXX   XXX XXX                                       $15,591.96 $1,643.40 50               Y     1 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 35.068% 35.068%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years XXX XXX XXX       No XXX XXX  
05/12/2022 22NQM2 - 545 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 746 XXX Y $210.00 Self-employed 12 Business Account XXX         60 12 Month Bank Statements     38.04%           1                                                                                    0 1 XXX   C3 - Well maintained/normal wear and tear           $2,375.04 $621.00             $2,520.00     XXX   XXX XXX                                       $2,375.04 $621.00           0 0 0       0 XXX Business Purpose XXX   Not covered / exempt Compliant   XXX   N N N N N   Investor Property N N       XXX No   XXX   XXX XXX XXX 38.725% 38.040%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 546 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 701 XXX Y $122.33 Self-employed 12 Business Account XXX         30 12 Month Bank Statements     14.45%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $3,390.72 $2,834.04             $1,467.96     XXX   XXX XXX                                       $3,390.72 $2,834.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y         No   XXX   XXX XXX XXX 14.451% 14.451%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 547 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 685 XXX Y $135.42 Self-employed 12 Personal Account XXX         60 12 Month Bank Statements     39.03%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $10,057.44 $4,343.88             $1,625.04     XXX   XXX XXX                                       $10,057.44 $4,343.88                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y             XXX   XXX XXX XXX 41.950% 41.950%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 548 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 661 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements     45.15%           1                                                                                    0 2 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate XXX         $5,466.36 $5,508.00             $0.00     XXX   XXX XXX                                       $5,466.36 $5,508.00           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y         No   XXX   XXX XXX XXX 45.148% 45.148%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 549 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 651 XXX Y $285.00 Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     26.31%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $2,921.76 $337.08             $3,420.00     XXX   XXX XXX                                       $2,921.76 $337.08                 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y       XXX No   XXX   XXX XXX XXX 26.310% 26.310%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 550 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 709 XXX Y $543.47 Self-employed 12 Business Account XXX         30 12 Month Bank Statements     46.92%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $5,786.16 $379.92             $6,521.64     XXX   XXX XXX                                       $5,786.16 $379.92                 Y     0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y         No   XXX   XXX XXX XXX 46.917% 46.917%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 551 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 797 XXX N   Hourly Employee Social Security   XXX XXX       30 Full Documentation Full Documentation   45.01%           2                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $7,114.44 $1,591.08             $0.00     XXX XXX XXX XXX XXX XXX                                   $7,114.44 $1,591.08           0 0 0       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y Y         No   XXX   XXX XXX XXX 45.014% 45.014%       No       Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years     No XXX XXX  
05/12/2022 22NQM2 - 552 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 777 XXX Y $50.00 Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     42.98%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear XXX         $2,805.60 $1,427.04             $600.00     XXX   XXX XXX                                       $2,805.60 $1,427.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y       XXX No   XXX   XXX XXX XXX 42.977% 42.977%       No       Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 553 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 773 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements     16.03%           1                                                                                    0 1 XXX   C3 - Well maintained/normal wear and tear           $7,449.48 $2,120.04             $0.00     XXX   XXX XXX                                       $7,449.48 $2,120.04           0 0 0       0 XXX Consumer Purpose XXX   Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y       XXX No   XXX   XXX XXX XXX 16.030% 16.030%       No       Borrower has prior home ownership experience within the past 3 years       No XXX XXX  
05/12/2022 22NQM2 - 554 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 722 XXX N   Self-employed Self-employed 12 Business Account XXX         90 12 Month Bank Statements 12 Month Bank Statements   14.88%           1                                                                                    0 1 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $6,898.80 $1,857.96             $0.00     XXX XXX XXX XXX XXX XXX                                   $6,898.80 $1,857.96 77         0 0 0 Y     1 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y             XXX   XXX XXX XXX 14.875% 14.875%       No XXX XXX 12 months / yearly Borrower has prior home ownership experience within the past 3 years Borrower has prior home ownership experience within the past 3 years XXX XXX XXX       No XXX XXX  
05/12/2022 22NQM2 - 555 XXX XXX X                           Borrower is a US Citizen Borrower is a US Citizen   XXX XXX XXX XXX 723 XXX Y $130.00 Social Security Social Security   XXX   XXX     30 Full Documentation Full Documentation   28.47%           1                                                                                    0 0 XXX   C4 - Some minor deferred maint/normal wear and tear/minimal repairs/adequate       $651.84 $556.20             $1,560.00     XXX XXX XXX XXX XXX XXX                                   $651.84 $556.20 58                     1 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 28.471% 28.471%       No       Borrower is a First Time Home Buyer Borrower has prior home ownership experience within the past 3 years XXX XXX XXX       No XXX XXX Warrantable Condo
05/12/2022 22NQM2 - 556 XXX XXX X                         Not used Borrower is a Foreign National  - Legal residency has been verified   XXX XXX XXX XXX 706 XXX N   Self-employed 12 Business Account XXX         30 12 Month Bank Statements     32.98%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear XXX         $4,491.72 $2,939.04             $0.00     XXX   XXX XXX                                       $4,491.72 $2,939.04                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y Y         No   XXX   XXX XXX XXX 32.975% 32.975%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX  
05/12/2022 22NQM2 - 557 XXX XXX X                           Borrower is a US Citizen     XXX XXX XXX XXX 793 XXX Y $330.00 Self-employed 12 Personal Account XXX         30 12 Month Bank Statements     39.01%           1                                                                                    0 0 XXX   C3 - Well maintained/normal wear and tear           $2,682.12 $483.00             $3,960.00     XXX   XXX XXX                                       $2,682.12 $483.00                       0 XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y Y         No   XXX   XXX XXX XXX 39.005% 39.005%       No XXX XXX 12 months / yearly Borrower is a First Time Home Buyer           No XXX XXX Warrantable Condo

 

 

 

 

TPR Firm: Edgemac Date Submitted: 5/12/2022
Client Name: BRAVO 2022-NQM2 Report: QM ATR
Client Project: BRAVO 2022-NQM2 Loans in report: 54

 

 

Report Date Loan Number Edge MAC ID Seller Loan Number Borrower Residency Status Co-Borrower Residency Status Borrower Employment Status Co Borrower Employment Status Loan Application Date Regulatory Loan Purpose APR Points Fees QM Designation ATR Status Rate Lock Date Residual Income Originator QM Agency UW Test Non QM Reason Product Type Non QM Reason DTI Test 43 App Q  Non QM Reason Not App Q Any DTI  Non QM Reason Pts Fees Non QM Reason Other Executed ATR Docs In File QM ATR Exempt Reason TRID Applicable
05/12/2022 22NQM2 - 504 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 505 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 506 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 507 XXX XXX Borrower is a US Citizen   Salaried Employee   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   Y Y Y N N     Y
05/12/2022 22NQM2 - 508 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 509 XXX XXX Borrower is a Foreign National  - Legal residency has been verified Borrower is a Foreign National  - Legal residency has been verified Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 510 XXX XXX Borrower is a Foreign National  - Legal residency has been verified Borrower is a Foreign National  - Legal residency has been verified Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 511 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 512 XXX XXX Borrower is a US Citizen   Hourly Employee   XXX Business Purpose XXX XXX Not covered / exempt Compliant XXX XXX   N N N N N   Investor Property N
05/12/2022 22NQM2 - 513 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 514 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 515 XXX XXX Borrower is a Resident Alien - proof of status provided Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 516 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 517 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y N N     Y
05/12/2022 22NQM2 - 518 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed Self-employed XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 519 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 520 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 521 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Fixed Income  Hourly Employee XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 522 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Non-wage Earnings    XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 523 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N N Y N   Investor Property N
05/12/2022 22NQM2 - 524 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 525 XXX XXX Borrower is a US Citizen   Hourly Employee   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 526 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 527 XXX XXX Borrower is a US Citizen   Salaried Employee   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N N N N     Y
05/12/2022 22NQM2 - 528 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed Self-employed XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 529 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 530 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 531 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 532 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 533 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y N N     Y
05/12/2022 22NQM2 - 534 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 535 XXX XXX Borrower is a US Citizen   Hourly Employee   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N N N Y     Y
05/12/2022 22NQM2 - 536 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   Y N Y Y N     Y
05/12/2022 22NQM2 - 537 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 538 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 539 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 540 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed Social Security XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 541 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 542 XXX XXX Borrower is a US Citizen   Self-employed   XXX Business Purpose XXX XXX Not covered / exempt Compliant XXX XXX   N N N N N   Investor Property N
05/12/2022 22NQM2 - 543 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 544 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 545 XXX XXX Borrower is a US Citizen   Self-employed   XXX Business Purpose XXX XXX Not covered / exempt Compliant XXX XXX   N N N N N   Investor Property N
05/12/2022 22NQM2 - 546 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 547 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 548 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 549 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 550 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 551 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Hourly Employee Social Security XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N Y Y Y N     Y
05/12/2022 22NQM2 - 552 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 553 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 554 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Self-employed Self-employed XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 555 XXX XXX Borrower is a US Citizen Borrower is a US Citizen Social Security Social Security XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y
05/12/2022 22NQM2 - 556 XXX XXX Borrower is a Foreign National  - Legal residency has been verified Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y Y N     Y
05/12/2022 22NQM2 - 557 XXX XXX Borrower is a US Citizen   Self-employed   XXX Consumer Purpose XXX XXX Non-Qualified Mortgage Compliant XXX XXX   N N Y N N     Y

 

 

 

TPR Firm: Edgemac Date Submitted: 5/12/2022
Client Name: BRAVO 2022-NQM2 Report: Final Tape Compare Report
Client Project: BRAVO 2022-NQM2 Loans in report: 54

 

 

Report Date Loan Number Edge MAC ID Seller Loan Number Originator Field Final Tape Data Reviewer Data Comment
05/12/2022 22NQM2 - 506 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 507 XXX XXX XXX Amortization Term XXX XXX Discrepancy
05/12/2022 22NQM2 - 507 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 508 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 509 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 510 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 511 XXX XXX XXX Appraisal Value XXX XXX Discrepancy
05/12/2022 22NQM2 - 512 XXX XXX XXX Amortization Term XXX XXX Discrepancy
05/12/2022 22NQM2 - 512 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 513 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 513 XXX XXX XXX Qualifying Credit Score XXX XXX Discrepancy
05/12/2022 22NQM2 - 515 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 516 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 517 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 518 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 519 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 521 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 522 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 523 XXX XXX XXX Appraisal Value XXX XXX Discrepancy
05/12/2022 22NQM2 - 523 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 525 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 527 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 529 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 530 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 531 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 531 XXX XXX XXX Property Zip XXX XXX Discrepancy
05/12/2022 22NQM2 - 533 XXX XXX XXX Borrower Self-Employed XXX XXX Discrepancy
05/12/2022 22NQM2 - 533 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 534 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 535 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 536 XXX XXX XXX Amortization Term XXX XXX Discrepancy
05/12/2022 22NQM2 - 536 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 537 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 539 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 540 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 541 XXX XXX XXX Appraisal Value XXX XXX Discrepancy
05/12/2022 22NQM2 - 541 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 542 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 544 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 544 XXX XXX XXX Qualifying Credit Score XXX XXX Discrepancy
05/12/2022 22NQM2 - 546 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 547 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 548 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 550 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 551 XXX XXX XXX Property Type XXX XXX Discrepancy
05/12/2022 22NQM2 - 552 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 553 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 554 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 555 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 556 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy
05/12/2022 22NQM2 - 557 XXX XXX XXX Investor Qualifying DTI XXX XXX Discrepancy

 

 

 

TPR Firm: Edgemac Date Submitted: 5/12/2022
Client Name: BRAVO 2022-NQM2 Report: Valuation Summary Report
Client Project: BRAVO 2022-NQM2 Loans in report: 54

 

 

Report Date Loan Number Edge MAC ID Seller Loan Number Originator Origination Date Original Loan Amount Sales Price Original Appraised Property Value Original Property Valuation Date Original Appraisal Form Property Value Used for Loan to Value1 Second Appraisal/ Valuation Value Second Appraisal/ Valuation Variance Amount Second Appraisal/ Valuation Percent Second Appraisal/ Valuation Date Second Appraisal/ Valuation Type Second Full Appraisal Property Value Second Full Appraisal Date Original Automated Valuation Model AVM Model Name Original AVM Confidence Score Desk Review Property Value Variance Percent Desk Review Risk Score Desk Review Date Form 2055 Appraisal Property Value Form 2055 Appraisal Appraisal Date Original Automated Valuation Model AVM Property Value Original Automated Valuation Model AVM Appraisal Date Broker s Price Opinion BPO Property Value Broker s Price Opinion BPO Appraisal Date Most Recent Property Value Most Recent Property Valuation Type Most Recent Property Valuation Date Most Recent AVM Model Name Most Recent AVM Confidence Score Collateral Underwriter Risk Score
05/12/2022 22NQM2 - 504 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX XXX XXX XXX CDA         XXX XXX Low XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 505 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 506 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 507 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 508 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 509 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 510 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 511 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 512 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 513 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 514 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 515 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 516 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 517 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX XXX XXX XXX CDA         XXX XXX Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 518 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 519 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 520 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 521 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 522 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 523 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 524 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 525 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 526 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 527 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 528 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 529 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 530 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 531 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 532 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 533 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 534 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 %   XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 535 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 536 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 537 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 538 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA XXX XXX     XXX 0.00 % Low XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 539 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 540 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 541 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 542 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 543 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 544 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 545 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 546 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 547 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low Risk  XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 548 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 549 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 550 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 551 XXX XXX XXX XXX XXX   XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate Risk XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 552 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 553 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % moderate XXX             XXX 9 XXX     XXX
05/12/2022 22NQM2 - 554 XXX XXX XXX XXX XXX   XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % 9/5/2019 XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 555 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 556 XXX XXX XXX XXX XXX XXX XXX XXX 1004 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Moderate XXX             XXX 9 XXX      
05/12/2022 22NQM2 - 557 XXX XXX XXX XXX XXX XXX XXX XXX 1073 XXX XXX $0.00 0% XXX CDA         XXX 0.00 % Low XXX             XXX 9 XXX