Exhibit 99.3 Schedule 1
| Loan ID | Redaction ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 385551 | XXXX | D | B | D | A | A | A | B | B | Closed | FCRE1437 | 2024-09-25 09:09 | 2024-11-21 18:36 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Documentation provided to support XXXX payments are from borrower business XXXX. - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. Please review the attached updated income calculation sheet with the CPA letter. Please let me know if this condition can be cleared or not. - Seller-11/19/2024 Counter-XXXX were used for income. The XXXX payments from XXXX into XXXX cannot be included in the income for XXXX. - Due Diligence Vendor-11/04/2024 Ready for Review-Those 2 are business accounts, and we do not understand what is the matter with the transfer transactions between these 2 business accounts. Please advise. - Seller-11/01/2024 Counter-In order to not double-count, the transfers have been removed. Finding remains. - Due Diligence Vendor-10/29/2024 Ready for Review-XXXX and XXXX are business accounts and they were treated as an income for the borrower. And the transferred transactions were not double-counted as an income. Can you please give us more details what is the matter? Please advise. - Seller-10/28/2024 Counter-Documentation required to support transfers from XXXX to XXXX are income for the borrower. Finding remains. - Due Diligence Vendor-10/23/2024 Ready for Review-Both XXXX and XXXX are the business asset. Those are business income, and transfer transactions between 2 accounts are also business income. Can you please clear this condition? - Seller-10/22/2024 Counter-The XXXX Transfers from XXXX that were excluded from XXXX as income was used for each business for qualification. Please provide documentation to support those transfers from XXXX are income for XXXX. - Due Diligence Vendor-10/17/2024 Ready for Review-Document Uploaded. Please see attached the LOE from the borrower. Please review and advise if this condition can be cleared or not. - Seller-10/16/2024 Counter-LOE provided stating XXXX payments are income. Review excluded the deposit from XXXX as these deposit came from XXXX which was also included for income. Finding remains. - Due Diligence Vendor-10/14/2024 Ready for Review-Document Uploaded. Please see attached LOE from the borrower. Please review and clear this condition. - Seller-10/10/2024 Counter-Please provide an LOE from the borrower attesting the deposits are income. - Due Diligence Vendor-10/01/2024 Ready for Review-XXXXtransfer recurred every month, that is why this was included in the income calculation. If it was recurred once or twice only, it would not be included, but deducted in the income calculation. Can you please waive this condition? Please let me know. - Seller-09/30/2024 Open-Income and Employment Do Not Meet Guidelines -Income calculated backed out the XXXX transfers from XXXX and income was less than what Lender calculated. Need the source of these transfers to determine if more income can be considered. - Due Diligence Vendor-09/25/2024 |
Ready for Review-Document Uploaded. Please review the attached updated income calculation sheet with the CPA letter. Please let me know if this condition can be cleared or not. - Seller-11/19/2024 Ready for Review-Those 2 are business accounts, and we do not understand what is the matter with the transfer transactions between these 2 business accounts. Please advise. - Seller-11/01/2024 Ready for Review-XXXX and XXXX are business accounts and they were treated as an income for the borrower. And the transferred transactions were not double-counted as an income. Can you please give us more details what is the matter? Please advise. - Seller-10/28/2024 Ready for Review-Both XXXX and XXXX are the business asset. Those are business income, and transfer transactions between 2 accounts are also business income. Can you please clear this condition? - Seller-10/22/2024 Ready for Review-Document Uploaded. Please see attached the LOE from the borrower. Please review and advise if this condition can be cleared or not. - Seller-10/16/2024 Ready for Review-Document Uploaded. Please see attached LOE from the borrower. Please review and clear this condition. - Seller-10/10/2024 Ready for Review-XXXX transfer recurred every month, that is why this was included in the income calculation. If it was recurred once or twice only, it would not be included, but deducted in the income calculation. Can you please waive this condition? Please let me know. - Seller-09/30/2024 |
Resolved-Documentation provided to support XXXX payments are from borrower business XXXX. - Due Diligence Vendor-11/21/2024 | Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 FICO- Borrower has 718 FICO- over 20+ pts LTV is less than guideline maximum - Guidelines allow up to 80% R&T LTV- Borrower is at 70%- 10% below the max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2451802 | |
| XXXX | 385551 | XXXX | D | B | D | A | A | A | B | B | Closed | FCRE1193 | 2024-09-25 09:49 | 2024-11-21 18:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Audited DTI of 49.88% is less than or equal to Guideline DTI of 49.99%. Income documentation provided. - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. Please review the attached updated income calculation sheet with the CPA letter. Please let me know if this condition can be cleared or not. - Seller-11/19/2024 Counter-XXXX and XXXX were used for income. The XXXX payments from XXXX into XXXX cannot be included in the income for XXXX. - Due Diligence Vendor-11/04/2024 Ready for Review-Those 2 are business accounts, and we do not understand what is the matter with the transfer transactions between these 2 business accounts. Please advise. - Seller-11/01/2024 Counter-In order to not double-count, the transfers have been removed. Finding remains. - Due Diligence Vendor-10/29/2024 Ready for Review-XXXX and XXXX are business accounts and they were treated as an income for the borrower. And the transferred transactions were not double-counted as an income. Can you please give us more details what is the matter? Please advise. - Seller-10/28/2024 Counter-Documentation required to support transfers from XXXX to XXXX are income for the borrower. Finding remains. - Due Diligence Vendor-10/23/2024 Ready for Review-Both XXXXand XXXX are the business asset. Those are business income, and transfer transactions between 2 accounts are also business income. Can you please clear this condition? - Seller-10/22/2024 Counter-The XXXX Transfers from XXXX that were excluded from XXXX as income was used for each business for qualification. Please provide documentation to support those transfers from XXXX are income for XXXX. - Due Diligence Vendor-10/17/2024 Ready for Review-Document Uploaded. Please see attached the LOE from the borrower. Please review and advise if this condition can be cleared or not. - Seller-10/16/2024 Counter-LOE provided stating XXX payments are income. Review excluded the deposit from XXXX as these deposit came from XXXX which was also included for income. Finding remains. - Due Diligence Vendor-10/14/2024 Ready for Review-Document Uploaded. Please see attached LOE from the borrower. Please review and clear this condition. - Seller-10/10/2024 Counter-Removed solar from the DTI as it meet FNMA requirements. Please provide documentation to support he XXXX Payments from the borrowers other business and from the borrower are income. - Due Diligence Vendor-10/01/2024 Ready for Review-Per guideline, Solar lease is not calculated into the ratios. Can you please waive this condition? - Seller-09/30/2024 Open-Audited DTI of 66.23% exceeds Guideline DTI of 49.99% -Need Lender to document the XXXX transfers into the XXXX accounts to determine if more income can be used. In addition, it does not appear that the XXXX Lease payment was calculated into the ratios. - Due Diligence Vendor-09/25/2024 |
Ready for Review-Document Uploaded. Please review the attached updated income calculation sheet with the CPA letter. Please let me know if this condition can be cleared or not. - Seller-11/19/2024 Ready for Review-Those 2 are business accounts, and we do not understand what is the matter with the transfer transactions between these 2 business accounts. Please advise. - Seller-11/01/2024 Ready for Review-XXXX and XXXX are business accounts and they were treated as an income for the borrower. And the transferred transactions were not double-counted as an income. Can you please give us more details what is the matter? Please advise. - Seller-10/28/2024 Ready for Review-Both XXXX and XXXX are the business asset. Those are business income, and transfer transactions between 2 accounts are also business income. Can you please clear this condition? - Seller-10/22/2024 Ready for Review-Document Uploaded. Please see attached the LOE from the borrower. Please review and advise if this condition can be cleared or not. - Seller-10/16/2024 Ready for Review-Document Uploaded. Please see attached LOE from the borrower. Please review and clear this condition. - Seller-10/10/2024 Ready for Review-Per guideline, Solar lease is not calculated into the ratios. Can you please waive this condition? - Seller-09/30/2024 |
Resolved-Audited DTI of 49.88% is less than or equal to Guideline DTI of 49.99%. Income documentation provided. - Due Diligence Vendor-11/21/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 FICO- Borrower has 718 FICO- over 20+ pts LTV is less than guideline maximum - Guidelines allow up to 80% R&T LTV- Borrower is at 70%- 10% below the max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2452270 | |
| XXXX | 385551 | XXXX | D | B | D | A | A | A | B | B | Closed | FCRE7806 | 2024-09-25 09:09 | 2024-11-21 18:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-The Borrower 1 Bank Statement Summary/Lender Worksheet is Present or Not Required - Due Diligence Vendor-09/30/2024 Ready for Review-Document Uploaded. Please see attached the Income calculation sheet. Please review and clear this condition. - Seller-09/27/2024 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing -Provide the Lender's Income Calculation Worksheet. - Due Diligence Vendor-09/25/2024 |
Ready for Review-Document Uploaded. Please see attached the Income calculation sheet. Please review and clear this condition. - Seller-09/27/2024 |
Resolved-The Borrower 1 Bank Statement Summary/Lender Worksheet is Present or Not Required - Due Diligence Vendor-09/30/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 FICO- Borrower has 718 FICO- over 20+ pts LTV is less than guideline maximum - Guidelines allow up to 80% R&T LTV- Borrower is at 70%- 10% below the max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2451803 | |
| XXXX | 385551 | XXXX | D | B | D | A | A | A | B | B | Closed | FPRO0012 | 2024-09-25 09:59 | 2024-09-30 15:03 | Waived | 2 - Non-Material | B | B | Property | Property | FEMA disaster declared PUBLIC ONLY | Waived-Public assistance only. Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 Ready for Review-Can you please advise more details for this condition? Please advise. - Seller-09/27/2024 Open-Appraiser to comment on the FEMA Disaster Declarations. - Due Diligence Vendor-09/25/2024 |
Ready for Review-Can you please advise more details for this condition? Please advise. - Seller-09/27/2024 |
Waived-Public assistance only. Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 FICO- Borrower has 718 FICO- over 20+ pts LTV is less than guideline maximum - Guidelines allow up to 80% R&T LTV- Borrower is at 70%- 10% below the max |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | N/A | 2452452 | ||
| XXXX | 391568 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-10-09 16:40 | 2024-10-16 14:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/16/2024 Ready for Review-Document Uploaded. soft pull - Seller-10/14/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-10/09/2024 |
Ready for Review-Document Uploaded. soft pull - Seller-10/14/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/16/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 745 is 20+ points above minimum of 680 for program Months Reserves exceed minimum required - 19 months reserves exceed the 4 month minimum required |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2563988 | |
| XXXX | 391568 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-10-09 16:41 | 2024-10-14 16:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present - Management approval provided. - Due Diligence Vendor-10/14/2024 Ready for Review-Document Uploaded. - Seller-10/10/2024 Open-Third Party Fraud Report Partially Provided Risk Score above 800 – Lender Mgt. Review and Approval by UW Manager required - Due Diligence Vendor-10/09/2024 |
Ready for Review-Document Uploaded. - Seller-10/10/2024 |
Resolved-Third Party Fraud Report is fully present - Management approval provided. - Due Diligence Vendor-10/14/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 745 is 20+ points above minimum of 680 for program Months Reserves exceed minimum required - 19 months reserves exceed the 4 month minimum required |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2563996 | |
| XXXX | 392794 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2024-09-13 14:11 | 2025-04-23 13:51 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. See the enclosed credit exception that was delivered with the initial loan package. Please update accordingly. - Seller-09/16/2024 Open-Housing History Does Not Meet Guideline Requirements 1. Missing housing history for primary residence. 1003 shows borrower is renting. 2. VOM for subject property from XXXX lien shows borrower's primary home address, not subject address. - Due Diligence Vendor-09/13/2024 |
Ready for Review-Document Uploaded. See the enclosed credit exception that was delivered with the initial loan package. Please update accordingly. - Seller-09/16/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 |
Months Reserves exceed minimum required - Reserves are 7 mo's with program min of 2 mo's. On time mortgage history exceeds guideline requirement - Mortgage history 0x30 in the past 12 months. |
-No Mortgage lates in last 24 months. -Experienced Investor -Reserves are 7 months with program min of 2 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | N/A | 2372011 |
| XXXX | 392794 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE7011 | 2024-09-13 14:08 | 2024-09-18 17:51 | Waived | 2 - Non-Material | C | B | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. - Seller-09/17/2024 Open-Rent Loss Coverage is Insufficient or Missing. No rent loss insurance present on HOI requires 6 months PITIA - Due Diligence Vendor-09/13/2024 |
Ready for Review-Document Uploaded. - Seller-09/17/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 |
Months Reserves exceed minimum required - Reserves are 7 mo's with program min of 2 mo's. On time mortgage history exceeds guideline requirement - Mortgage history 0x30 in the past 12 months. |
-No Mortgage lates in last 24 months. -Experienced Investor -Reserves are 7 months with program min of 2 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 2371976 |
| XXXX | 392794 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1498 | 2024-09-13 14:44 | 2024-09-16 19:31 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. See the enclosed credit exception that was delivered with the initial loan package. Please update accordingly. - Seller-09/16/2024 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) First time investor. Borrower has owned home for over 12 months but it has not been rented, so no history of managing rental properties. No primary home ownership, not eligible for cash out. *Originator exception waiver in file however audit only able to find one valid comp factor for reserves, finding remains open. - Due Diligence Vendor-09/13/2024 |
Ready for Review-Document Uploaded. See the enclosed credit exception that was delivered with the initial loan package. Please update accordingly. - Seller-09/16/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 |
Months Reserves exceed minimum required - Reserves are 7 mo's with program min of 2 mo's. On time mortgage history exceeds guideline requirement - Mortgage history 0x30 in the past 12 months. |
0x30x12 (Min per guidelines) Reserves are 7 mo's with program min of 2 mo's. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 2372382 |
| XXXX | 396865 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2024-10-15 16:24 | 2024-11-06 16:50 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Gift wire was provided. - Due Diligence Vendor-11/06/2024 Ready for Review-Document Uploaded. Hello please see gift receipt - Seller-11/05/2024 Open-Total Qualified Assets Post-Close amount is XXXX. Assets are Insufficient. Missing proof of Gift wire and transfer of funds. - Due Diligence Vendor-10/15/2024 |
Ready for Review-Document Uploaded. Hello please see gift receipt - Seller-11/05/2024 |
Resolved-Gift wire was provided. - Due Diligence Vendor-11/06/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Audit FICO 769 with minimum FICO of 660 Qualifying DTI below maximum allowed - Audit DTI of 25.75% is less than the 49.99% maximum. LTV is less than guideline maximum - LTV of 70% is less than the guideline maximum of 80% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2604863 | |
| XXXX | 396865 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2024-10-15 16:17 | 2024-10-23 17:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC Check Completed. - Due Diligence Vendor-10/23/2024 Ready for Review-Document Uploaded. Please see attached updated Fraud report. Please review and clear this condition. - Seller-10/22/2024 Open-OFAC Check Not Completed and/or Cleared for underwriter , processor and lender. - Due Diligence Vendor-10/15/2024 |
Ready for Review-Document Uploaded. Please see attached updated Fraud report. Please review and clear this condition. - Seller-10/22/2024 |
Resolved-OFAC Check Completed. - Due Diligence Vendor-10/23/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Audit FICO 769 with minimum FICO of 660 Qualifying DTI below maximum allowed - Audit DTI of 25.75% is less than the 49.99% maximum. LTV is less than guideline maximum - LTV of 70% is less than the guideline maximum of 80% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2604788 | |
| XXXX | 396865 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1204 | 2024-10-15 16:18 | 2024-10-23 17:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-10/23/2024 Open-Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-10/23/2024 Ready for Review-Document Uploaded. Please see attached updated Fraud report. Please review and clear this condition. - Seller-10/22/2024 Open-Fraud Report Shows Uncleared Alerts. All Alerts to be cleared on the Fraud report. - Due Diligence Vendor-10/15/2024 |
Ready for Review-Document Uploaded. Please see attached updated Fraud report. Please review and clear this condition. - Seller-10/22/2024 |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-10/23/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Audit FICO 769 with minimum FICO of 660 Qualifying DTI below maximum allowed - Audit DTI of 25.75% is less than the 49.99% maximum. LTV is less than guideline maximum - LTV of 70% is less than the guideline maximum of 80% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2604802 | |
| XXXX | 397666 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 404412 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-10-24 13:26 | 2024-10-25 15:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/25/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-10/24/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit/soft pull within 10 days of the note date - Due Diligence Vendor-10/24/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-10/24/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/25/2024 |
LTV is less than guideline maximum - Guidelines allow LTV to 80%, Loan LTV is 60% Qualifying FICO score is at least 20 points above minimum for program - Lender guides require Fico of 700 clients Fico is 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2675132 | |
| XXXX | 408393 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-10-24 13:35 | 2024-10-30 15:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/30/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-10/29/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-10/24/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-10/29/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/30/2024 |
LTV is less than guideline maximum - 57.56 LTV is less than guideline maximum of 80% Qualifying DTI below maximum allowed - 35.84% DTI is below maximum 49.99% allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2675206 | |
| XXXX | 408395 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2024-10-24 15:37 | 2024-11-04 14:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/04/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/01/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-10/24/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/01/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/04/2024 |
Months Reserves exceed minimum required - 33.36 months of reserves exceed the 4 month minimum required Qualifying DTI below maximum allowed - 39.34% DTI is below 49.99% maximum allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2676588 | |
| XXXX | 408395 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1202 | 2024-10-24 15:40 | 2024-10-31 14:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present - Management approval provided. - Due Diligence Vendor-10/31/2024 Ready for Review-Document Uploaded. please see fraud alert letter - Seller-10/29/2024 Open-Third Party Fraud Report Partially Provided Risk Score above 800 – Lender Mgt. Review and Approval by UW Manager required - Due Diligence Vendor-10/24/2024 |
Ready for Review-Document Uploaded. please see fraud alert letter - Seller-10/29/2024 |
Resolved-Third Party Fraud Report is fully present - Management approval provided. - Due Diligence Vendor-10/31/2024 |
Months Reserves exceed minimum required - 33.36 months of reserves exceed the 4 month minimum required Qualifying DTI below maximum allowed - 39.34% DTI is below 49.99% maximum allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2676623 | |
| XXXX | 408395 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM1621 | 2024-10-22 13:10 | 2024-10-22 15:15 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Initial Escrow Disclosure | Waived-Initial Escrow Account Disclosure is Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/22/2024 | Waived-Initial Escrow Account Disclosure is Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/22/2024 |
Months Reserves exceed minimum required - 33.36 months of reserves exceed the 4 month minimum required Qualifying DTI below maximum allowed - 39.34% DTI is below 49.99% maximum allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2657705 | |||
| XXXX | 408403 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-10-24 09:21 | 2024-10-29 13:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/29/2024 Ready for Review-Document Uploaded. - Seller-10/28/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-10/24/2024 |
Ready for Review-Document Uploaded. - Seller-10/28/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/29/2024 |
LTV is less than guideline maximum - LTV of 41.82% is less than guideline maximum of 80% Qualifying DTI below maximum allowed - 28.14% DTI is below the maximum of 49.99% allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2672325 | |
| XXXX | 413152 | XXXX | C | B | A | A | B | B | C | A | Closed | FPRO1136 | 2024-10-29 16:23 | 2024-10-31 14:16 | Resolved | 1 - Information | C | A | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-10/31/2024 Ready for Review-Document Uploaded. please see final inspection - Seller-10/29/2024 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present - Due Diligence Vendor-10/29/2024 |
Ready for Review-Document Uploaded. please see final inspection - Seller-10/29/2024 |
Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-10/31/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 766 FICO higher than 680 required FICO LTV is less than guideline maximum - 80% LTV is lower than 90% LTV minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2707286 | |
| XXXX | 413152 | XXXX | C | B | A | A | B | B | C | A | Closed | FCOM5135 | 2024-10-26 20:49 | 2024-10-26 20:58 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/27/2024 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 766 FICO higher than 680 required FICO LTV is less than guideline maximum - 80% LTV is lower than 90% LTV minimum |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2689583 | |||
| XXXX | 413155 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 413160 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 413163 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE3653 | 2024-10-31 16:37 | 2024-11-08 14:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-LOE provided. - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. Please see LOE - Seller-11/06/2024 Open-Missing motivation letter for subject to be primary when borrower currently XXXX - Due Diligence Vendor-10/31/2024 |
Ready for Review-Document Uploaded. Please see LOE - Seller-11/06/2024 |
Resolved-LOE provided. - Due Diligence Vendor-11/08/2024 |
Qualifying DTI below maximum allowed - 31.69% DTI is below maximum of 49.99% allowed LTV is less than guideline maximum - 51.61% LTV is less than 80% maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2724453 | |
| XXXX | 413163 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2024-10-31 16:19 | 2024-11-06 16:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/06/2024 Ready for Review-Document Uploaded. Please see soft Pull - Seller-11/05/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-10/31/2024 |
Ready for Review-Document Uploaded. Please see soft Pull - Seller-11/05/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/06/2024 |
Qualifying DTI below maximum allowed - 31.69% DTI is below maximum of 49.99% allowed LTV is less than guideline maximum - 51.61% LTV is less than 80% maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2724289 | |
| XXXX | 413163 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2024-10-28 15:34 | 2024-10-28 15:42 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/28/2024 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/28/2024 |
Qualifying DTI below maximum allowed - 31.69% DTI is below maximum of 49.99% allowed LTV is less than guideline maximum - 51.61% LTV is less than 80% maximum |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2697729 | |||
| XXXX | 414566 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-10-31 11:38 | 2024-11-08 14:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. Please see soft pull - Seller-11/06/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-10/31/2024 |
Ready for Review-Document Uploaded. Please see soft pull - Seller-11/06/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/08/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 / Borrower Fico is 785 LTV is less than guideline maximum - Max LTV is 80% / Subject LTV is 75% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2721753 | |
| XXXX | 414566 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-10-31 13:18 | 2024-11-08 14:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present - Management approval provided. - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. Please see XXXX certificate - Seller-11/06/2024 Open-Third Party Fraud Report Partially Provided XXXX score is over 800, Per guidelines XXXX scores above 800 from require management review and approval by the Underwriting Manager in order to proceed with the loan. - Due Diligence Vendor-10/31/2024 |
Ready for Review-Document Uploaded. Please see XXXX certificate - Seller-11/06/2024 | Resolved-Third Party Fraud Report is fully present - Management approval provided. - Due Diligence Vendor-11/08/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 / Borrower Fico is 785 LTV is less than guideline maximum - Max LTV is 80% / Subject LTV is 75% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2722604 | |
| XXXX | 414568 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 414570 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6844 | 2024-11-01 14:59 | 2024-11-08 15:42 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Gift Letter was located in the loan file. - Due Diligence Vendor-11/08/2024 Ready for Review-Please see page 66 out of 413 of the closing package - Seller-11/07/2024 Open-Missing gift letter for gift funds totaling XXXX - Due Diligence Vendor-11/01/2024 |
Ready for Review-Please see page 66 out of 413 of the closing package - Seller-11/07/2024 |
Resolved-Gift Letter was located in the loan file. - Due Diligence Vendor-11/08/2024 |
Months Reserves exceed minimum required - 21 mths reserves; 0 mths required. Qualifying FICO score is at least 20 points above minimum for program - FICO of 765 is greater than program minimum of 660 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2730374 | ||
| XXXX | 414570 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-04 07:55 | 2024-11-08 15:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. Please see soft pull - Seller-11/07/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Cred Gap Rep - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. Please see soft pull - Seller-11/07/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/08/2024 |
Months Reserves exceed minimum required - 21 mths reserves; 0 mths required. Qualifying FICO score is at least 20 points above minimum for program - FICO of 765 is greater than program minimum of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2734432 | |
| XXXX | 414574 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 417733 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-47 | 2024-11-04 08:32 | 2024-11-11 07:38 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Rec'd PCCD. - Due Diligence Vendor-11/11/2024 Ready for Review-Document Uploaded. Please review the attached POST CD and clear this condition. - Seller-11/08/2024 Open-This loan failed the TILA right of rescission test. Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )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. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. Please review the attached POST CD and clear this condition. - Seller-11/08/2024 |
Resolved-Rec'd PCCD. - Due Diligence Vendor-11/11/2024 |
LTV is less than guideline maximum - 64% LTV, 80% max Qualifying FICO score is at least 20 points above minimum for program - 736 FICO, 660 minimum required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2734709 | |
| XXXX | 417739 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE6844 | 2024-10-31 20:04 | 2024-11-15 16:03 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-After further review, assets provided are sufficient. even with excluding the funds, the accounts provided are sourced and used for closing/reserves. Condition resolved. - Due Diligence Vendor-11/15/2024 Counter-Excluded the funds, however the source is required. If it was an undisclosed loan, we will need to recalculate the DTI. - Due Diligence Vendor-11/14/2024 Ready for Review-Hello Team, Can we please ask to clear this condition since the total verified assets are more than the required assets? As long as the total assets are sufficient, we should be good. - Seller-11/13/2024 Counter-Receipt of the XXXX showing it came from account XXXX provided. The statement for XXXX provide does not reflect the a sufficient balance to support the XXXX. Please provide the Source of the XXXX and Access letter for account XXXX as it is a Joint Account. - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. Please see the account that was used for closing - Seller-11/06/2024 Counter-Please provide the source of the XXXX. - Due Diligence Vendor-11/05/2024 Ready for Review-Document Uploaded. Hello the XXXX is not a gift it came from the borrower verified assets. - Seller-11/02/2024 Open-Missing Gift Letter for XXXX gift funds - Due Diligence Vendor-11/01/2024 |
Ready for Review-Hello Team, Can we please ask to clear this condition since the total verified assets are more than the required assets? As long as the total assets are sufficient, we should be good. - Seller-11/13/2024 Ready for Review-Document Uploaded. Please see the account that was used for closing - Seller-11/06/2024 Ready for Review-Document Uploaded. Hello the XXXX is not a gift it came from the borrower verified assets. - Seller-11/02/2024 |
Resolved-After further review, assets provided are sufficient. even with excluding the funds, the accounts provided are sourced and used for closing/reserves. Condition resolved. - Due Diligence Vendor-11/15/2024 |
Qualifying DTI below maximum allowed - 35.06% DTI lower then the program maximum of 49.99% Qualifying FICO score is at least 20 points above minimum for program - FICO 759 is higher than 660 minimum |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2725073 | |
| XXXX | 417740 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1204 | 2024-11-22 18:35 | 2024-11-27 15:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved--Rec's Cleared Alerts Summary. - Due Diligence Vendor-11/27/2024 Ready for Review-Document Uploaded. Please see Fraud Report - Seller-11/25/2024 Open-Fraud Report Shows Uncleared Alerts Fraud Report Shows Uncleared Alerts. all alerts to be cleared and provide documentation for reason for clear. - Due Diligence Vendor-11/22/2024 |
Ready for Review-Document Uploaded. Please see Fraud Report - Seller-11/25/2024 |
Resolved--Rec's Cleared Alerts Summary. - Due Diligence Vendor-11/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score 802 higher than program minimum 660 Qualifying DTI below maximum allowed - Qualifying DTI of 31.94 is lower than program maximum of 49.99 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2871646 | |
| XXXX | 417740 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1205 | 2024-11-22 18:34 | 2024-11-27 15:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved--Rec'd OFAC searches - Due Diligence Vendor-11/27/2024 Ready for Review-Document Uploaded. Please see OFAC check - Seller-11/25/2024 Open-OFAC Check Not Completed and/or Cleared OFAC Check Not Completed and/or Cleared for the underwriter and lender - Due Diligence Vendor-11/22/2024 |
Ready for Review-Document Uploaded. Please see OFAC check - Seller-11/25/2024 |
Resolved--Rec'd OFAC searches - Due Diligence Vendor-11/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score 802 higher than program minimum 660 Qualifying DTI below maximum allowed - Qualifying DTI of 31.94 is lower than program maximum of 49.99 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2871642 | |
| XXXX | 417740 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-11-12 09:23 | 2024-11-27 15:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. Please most recent Fraud Report - Seller-11/21/2024 Counter-Fraud report dated 9/19/2024 provided, however the Alerts do not match the Alerts Summary dated 10/10/2024. Please provide the most recent Fraud Report. - Due Diligence Vendor-11/19/2024 Ready for Review-Document Uploaded. - Seller-11/18/2024 Counter-Alerts Summary provided. Please provide the Full Fraud Report. - Due Diligence Vendor-11/15/2024 Ready for Review-Document Uploaded. Please see attached - Seller-11/14/2024 Open-Third Party Fraud Report Partially Provided Fraud summary only provided, missing actual entire fraud report. - Due Diligence Vendor-11/12/2024 |
Ready for Review-Document Uploaded. Please most recent Fraud Report - Seller-11/21/2024 Ready for Review-Document Uploaded. - Seller-11/18/2024 Ready for Review-Document Uploaded. Please see attached - Seller-11/14/2024 |
Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-11/22/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score 802 higher than program minimum 660 Qualifying DTI below maximum allowed - Qualifying DTI of 31.94 is lower than program maximum of 49.99 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2789665 | |
| XXXX | 417740 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-12 08:26 | 2024-11-13 14:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/13/2024 Ready for Review-Document Uploaded. Please see Soft Pull - Seller-11/12/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/12/2024 |
Ready for Review-Document Uploaded. Please see Soft Pull - Seller-11/12/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/13/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score 802 higher than program minimum 660 Qualifying DTI below maximum allowed - Qualifying DTI of 31.94 is lower than program maximum of 49.99 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2789078 | |
| XXXX | 417751 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 417753 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 417755 | XXXX | D | A | D | A | A | A | D | A | Closed | FPRO1253 | 2024-11-04 11:11 | 2024-11-06 16:42 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-CU in file is for the 2nd Appraisal - Due Diligence Vendor-11/06/2024 Ready for Review-Could you advise which part of the UCDP is incorrect for this file? - Seller-11/05/2024 Open-Desk review/UCDP are not for appraisal report provided - Due Diligence Vendor-11/04/2024 |
Ready for Review-Could you advise which part of the UCDP is incorrect for this file? - Seller-11/05/2024 |
Resolved-CU in file is for the 2nd Appraisal - Due Diligence Vendor-11/06/2024 |
Months Reserves exceed minimum required - 15.73 months reserves exceed minimum of 4 months required Qualifying FICO score is at least 20 points above minimum for program - FICO score of 797 is 20+ pints above minimum of 680 for program |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2736485 | ||
| XXXX | 417755 | XXXX | D | A | D | A | A | A | D | A | Closed | FPRO1243 | 2024-11-04 11:12 | 2024-11-06 16:40 | Resolved | 1 - Information | D | A | Credit | Eligibility | Second Appraisal is Missing | Resolved-2nd Full appraisal provided. - Due Diligence Vendor-11/06/2024 Ready for Review-Document Uploaded. Please find the attached reports. - Seller-11/05/2024 Open-Property is a flip less than 180 days, Second appraisal missing (from appraiser XXXX) - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. Please find the attached reports. - Seller-11/05/2024 |
Resolved-2nd Full appraisal provided. - Due Diligence Vendor-11/06/2024 |
Months Reserves exceed minimum required - 15.73 months reserves exceed minimum of 4 months required Qualifying FICO score is at least 20 points above minimum for program - FICO score of 797 is 20+ pints above minimum of 680 for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2736497 | |
| XXXX | 417758 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-12 15:08 | 2024-11-14 16:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/14/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/12/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/12/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/12/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/14/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 762 is higher than 660 minimum Qualifying DTI below maximum allowed - Qualifying DTI 39.7% lower than program maximum 49.99% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2794408 | |
| XXXX | 417762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1480 | 2024-11-12 16:42 | 2024-11-21 18:10 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Asset Record 2 Meets G/L Requirements . - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. Hello Please see closing funds receipt - Seller-11/21/2024 Counter-Attached are not assets record #2 in the amount of XXXX - Due Diligence Vendor-11/20/2024 Ready for Review-Document Uploaded. Please see Receipt-Buyer Closing funds - Seller-11/19/2024 Open-Asset Record 2 Does Not Meet G/L Requirements 1003 and Gift letter in file support gift funds to be transferred on or before closing date. However, missing proof of gift funds transfer or receipt of funds by title company or to borrowers account. File does not contain donor statement either to support ability to give gift. - Due Diligence Vendor-11/12/2024 |
Ready for Review-Document Uploaded. Hello Please see closing funds receipt - Seller-11/21/2024 Ready for Review-Document Uploaded. Please see Receipt-Buyer Closing funds - Seller-11/19/2024 |
Resolved-Asset Record 2 Meets G/L Requirements . - Due Diligence Vendor-11/21/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 713 is at least 20 points above minimum for program 660. Qualifying DTI below maximum allowed - Qualifying DTI 31.3% below maximum allowed 49.99% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2795575 | |
| XXXX | 417762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1481 | 2024-11-12 16:44 | 2024-11-21 18:09 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-Assets have been provided. - Due Diligence Vendor-11/20/2024 Ready for Review-Document Uploaded. Please see XXXX Cert - Seller-11/19/2024 Open-Asset Record 3 Does Not Meet G/L Requirements Borrowers checking account statement indicate transfer of XXXX on XXXX to title company. However, missing proof of funds receipt by title company for the subject transaction. - Due Diligence Vendor-11/12/2024 |
Ready for Review-Document Uploaded. Please see Fraud Guard Cert - Seller-11/19/2024 |
Resolved-Assets have been provided. - Due Diligence Vendor-11/20/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 713 is at least 20 points above minimum for program 660. Qualifying DTI below maximum allowed - Qualifying DTI 31.3% below maximum allowed 49.99% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2795608 | |
| XXXX | 417762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-11-13 08:36 | 2024-11-20 16:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Management review and approval letter by the Underwriting Manager has been provided. - Due Diligence Vendor-11/20/2024 Ready for Review-Document Uploaded. Please see UW Cert - Seller-11/19/2024 Open-Third Party Fraud Report Partially Provided Fraud report score 868 per guideline require management review and approval by the Underwriting Manager. Fraud report in file does not reflect Seller. - Due Diligence Vendor-11/13/2024 |
Ready for Review-Document Uploaded. Please see UW Cert - Seller-11/19/2024 |
Resolved-Management review and approval letter by the Underwriting Manager has been provided. - Due Diligence Vendor-11/20/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 713 is at least 20 points above minimum for program 660. Qualifying DTI below maximum allowed - Qualifying DTI 31.3% below maximum allowed 49.99% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2798803 | |
| XXXX | 417763 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 420410 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2024-10-17 08:10 | 2024-10-17 10:05 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-10/17/2024 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing PPP Rider - Due Diligence Vendor-10/17/2024 |
Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-10/17/2024 |
Months Reserves exceed minimum required - 36 mths reserves; 6 mths required. Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680, Bwr FICO 731 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2619579 | |||
| XXXX | 420410 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2024-10-17 08:59 | 2024-10-17 09:58 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-10/17/2024 Open-Audited LTV of 79.03% exceeds Guideline LTV of 75% Lender Exception : XXXX exception to 80% LTV - Due Diligence Vendor-10/17/2024 |
Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-10/17/2024 |
Months Reserves exceed minimum required - 36 mths reserves; 6 mths required. Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680, Bwr FICO 731 |
731 Fico, 680 required. 38 months reserves documented, 6 months required. | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2620084 | ||
| XXXX | 422250 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-11-14 07:23 | 2024-11-15 14:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Management approval letter provided. - Due Diligence Vendor-11/15/2024 Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/14/2024 Open-Third Party Fraud Report Partially Provided XXXXd scores above 800 require management review and approval by the Underwriting Manager in order to proceed with the loan. The loan file is missing documentation to verify the fraud report was reviewed and approved by the Underwriting Manager. - Due Diligence Vendor-11/14/2024 |
Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/14/2024 |
Resolved-Management approval letter provided. - Due Diligence Vendor-11/15/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 757 FICO, 660 minimum Qualifying DTI below maximum allowed - 41.90% DTI, 49.99% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2807672 | |
| XXXX | 422250 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-14 07:20 | 2024-11-15 14:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/15/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/14/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-11/14/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/14/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/15/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 757 FICO, 660 minimum Qualifying DTI below maximum allowed - 41.90% DTI, 49.99% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2807651 | |
| XXXX | 422257 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2024-11-07 13:35 | 2024-11-07 13:36 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings - Due Diligence Vendor-11/07/2024 | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings - Due Diligence Vendor-11/07/2024 |
Months Reserves exceed minimum required - Reserves are not required. Verified 4 months LTV is less than guideline maximum - Max 85%; LTV65% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | 2764956 | |||
| XXXX | 422260 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1148 | 2024-11-14 17:10 | 2024-11-21 18:05 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of XXXX is sufficient. - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. Please see supplement showing correct loan amount - Seller-11/21/2024 Counter-Title coverage is XXXX and the loan amount is XXXX. Please provide a supplement - Due Diligence Vendor-11/20/2024 Ready for Review-Hello Could you please elaborate this condition? - Seller-11/19/2024 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). - Due Diligence Vendor-11/14/2024 |
Ready for Review-Document Uploaded. Please see supplement showing correct loan amount - Seller-11/21/2024 Ready for Review-Hello Could you please elaborate this condition? - Seller-11/19/2024 |
Resolved-Title Coverage Amount of XXXX is sufficient. - Due Diligence Vendor-11/21/2024 | Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 806 LTV is less than guideline maximum - Maximum LTV is 80%, subject loan is 66.67% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2815496 | |
| XXXX | 422260 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-14 17:48 | 2024-11-21 18:04 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report received. - Due Diligence Vendor-03/06/2025 Ready for Review-Document Uploaded. Please see soft pull - Seller-11/19/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/15/2024 |
Ready for Review-Document Uploaded. Please see soft pull - Seller-11/19/2024 |
Resolved-Borrower 1 Gap Credit Report received. - Due Diligence Vendor-03/06/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 806 LTV is less than guideline maximum - Maximum LTV is 80%, subject loan is 66.67% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2815758 | |
| XXXX | 422261 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2024-11-14 17:11 | 2024-11-25 18:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Verification of taxes, insurance, and/or HOA fees for non-subject property for the Borrower's 2nd home property(XXXX) has been provided. - Due Diligence Vendor-11/25/2024 Ready for Review-Document Uploaded. Please review the attached the 2nd home documents. Please let me know. - Seller-11/22/2024 Open-Missing verification of taxes, insurance, and/or HOA fees for non-subject property for the Borrower's 2nd home property(XXXX) - Due Diligence Vendor-11/14/2024 |
Ready for Review-Document Uploaded. Please review the attached the 2nd home documents. Please let me know. - Seller-11/22/2024 |
Resolved-Verification of taxes, insurance, and/or HOA fees for non-subject property for the Borrower's 2nd home property(3b) has been provided. - Due Diligence Vendor-11/25/2024 |
Months Reserves exceed minimum required - 115 mths reserves; 0 mths required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score is 751; minimum require credit score per guides is 660. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2815507 | |
| XXXX | 422263 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-18 10:07 | 2024-11-19 16:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/19/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/18/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-11/18/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/18/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/19/2024 |
LTV is less than guideline maximum - 60% LTV, 80% max Months Reserves exceed minimum required - 4 mos reserves, none required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2829574 | |
| XXXX | 422268 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE8611 | 2024-11-18 07:23 | 2024-11-19 16:04 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Business phone number has been verifiable via Google Search, 411.com or internet. - Due Diligence Vendor-11/19/2024 Ready for Review-Document Uploaded. please see business phone number verification - Seller-11/18/2024 Open-Per guides, for self-employed borrowers, a business phone number must be verifiable via XXXX Search, XXXX or internet. The loan file is missing documentation of the XXXX Search, XXXX or internet seach. - Due Diligence Vendor-11/18/2024 |
Ready for Review-Document Uploaded. please see business phone number verification - Seller-11/18/2024 |
Resolved-Business phone number has been verifiable via XXXX Search, XXXX or internet. - Due Diligence Vendor-11/19/2024 | Months Reserves exceed minimum required - 28.75 months reserves, none required LTV is less than guideline maximum - 74.38% LTV, 85% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2828072 | |
| XXXX | 422268 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-47 | 2024-11-14 08:11 | 2024-11-19 07:25 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Rec'd PCCD issued 11/18/2024. - Due Diligence Vendor-11/19/2024 Ready for Review-Document Uploaded. please see post cd - Seller-11/18/2024 Open-This loan failed the TILA right of rescission test. Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )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. -----Provide PCCD with disbursement date after the ROR expiration date - Due Diligence Vendor-11/14/2024 |
Ready for Review-Document Uploaded. please see post cd - Seller-11/18/2024 |
Resolved-Rec'd PCCD issued XXXX. - Due Diligence Vendor-11/19/2024 | Months Reserves exceed minimum required - 28.75 months reserves, none required LTV is less than guideline maximum - 74.38% LTV, 85% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2807999 | |
| XXXX | 422272 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-13 15:19 | 2024-11-20 16:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/20/2024 Ready for Review-Document Uploaded. Please see Soft Pull - Seller-11/19/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/13/2024 |
Ready for Review-Document Uploaded. Please see Soft Pull - Seller-11/19/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/20/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 788 Months Reserves exceed minimum required - Minimum 4 months, actual 18 months Qualifying DTI below maximum allowed - Max DTI 49.99%, actual 32.19% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2804285 | |
| XXXX | 422272 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1182 | 2024-11-13 15:38 | 2024-11-20 16:37 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Approval/Underwriting Summary provided. - Due Diligence Vendor-11/20/2024 Ready for Review-Document Uploaded. Please see approval - Seller-11/19/2024 Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-11/13/2024 |
Ready for Review-Document Uploaded. Please see approval - Seller-11/19/2024 |
Resolved-Approval/Underwriting Summary provided. - Due Diligence Vendor-11/20/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 788 Months Reserves exceed minimum required - Minimum 4 months, actual 18 months Qualifying DTI below maximum allowed - Max DTI 49.99%, actual 32.19% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2804489 | |
| XXXX | 422272 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-11-13 15:33 | 2024-11-20 16:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Management approval provided. - Due Diligence Vendor-11/20/2024 Ready for Review-Document Uploaded. Please see XXXX Cert - Seller-11/19/2024 Open-Third Party Fraud Report Partially Provided Fraud score is above 800: 818 score. Missing Lender Mgt. Review and Approval by UW Manager. - Due Diligence Vendor-11/14/2024 |
Ready for Review-Document Uploaded. Please see Fraud Guard Cert - Seller-11/19/2024 |
Resolved-Management approval provided. - Due Diligence Vendor-11/20/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 788 Months Reserves exceed minimum required - Minimum 4 months, actual 18 months Qualifying DTI below maximum allowed - Max DTI 49.99%, actual 32.19% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2804463 | |
| XXXX | 424963 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 424971 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 425627 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-19 15:41 | 2024-11-22 16:56 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. Please see soft Pull - Seller-11/21/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/19/2024 |
Ready for Review-Document Uploaded. Please see soft Pull - Seller-11/21/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/22/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 760 Qualifying DTI below maximum allowed - Maximum DTI is 49.99%, subject loan DTI is 37.10% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2843568 | |
| XXXX | 425629 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE5790 | 2024-11-19 14:54 | 2024-12-05 14:35 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. Please review the attached the credit refresh. Please let me know if this condition can be cleared or not. - Seller-12/03/2024 Counter-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date) - Due Diligence Vendor-11/22/2024 Ready for Review-It is not expired since it is not greater than 10 days from the Note date, Not the Funding date. Can you please waive this condition? - Seller-11/21/2024 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-11/19/2024 |
Ready for Review-Document Uploaded. Please review the attached the credit refresh. Please let me know if this condition can be cleared or not. - Seller-12/03/2024 Ready for Review-It is not expired since it is not greater than 10 days from the Note date, Not the Funding date. Can you please waive this condition? - Seller-11/21/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - Max LTV is 75% / Subject LTV is 60% Verified employment history exceeds guidelines - 11 years self-employment |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2843082 | |
| XXXX | 425629 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-47 | 2024-11-17 09:56 | 2024-11-22 06:45 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Rec'd PCCD. - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. Please review the attached POST CD. Please clear the condition. - Seller-11/21/2024 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )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. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-11/17/2024 |
Ready for Review-Document Uploaded. Please review the attached POST CD. Please clear the condition. - Seller-11/21/2024 |
Resolved-Rec'd PCCD. - Due Diligence Vendor-11/22/2024 |
LTV is less than guideline maximum - Max LTV is 75% / Subject LTV is 60% Verified employment history exceeds guidelines - 11 years self-employment |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2826150 | |
| XXXX | 425631 | XXXX | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2024-11-06 15:39 | 2024-11-08 15:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-Upon further review, no additional documentation required. - Due Diligence Vendor-04/23/2025 Ready for Review-It is a detached condo. Therefore, Condo Quest is not needed. Could you please help to waive this condition? Thank you. - Seller-11/07/2024 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing Condo Quest - Due Diligence Vendor-11/06/2024 |
Ready for Review-It is a detached condo. Therefore, Condo Quest is not needed. Could you please help to waive this condition? Thank you. - Seller-11/07/2024 |
Resolved-Upon further review, no additional documentation required. - Due Diligence Vendor-04/23/2025 |
LTV is less than guideline maximum - 70% LTV, 80% max Qualifying FICO score is at least 20 points above minimum for program - 790 FICO, 660 minimum |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2757385 | ||
| XXXX | 425631 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-06 16:43 | 2024-11-08 15:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/07/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Report - Due Diligence Vendor-11/06/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/07/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/08/2024 |
LTV is less than guideline maximum - 70% LTV, 80% max Qualifying FICO score is at least 20 points above minimum for program - 790 FICO, 660 minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2758050 | |
| XXXX | 425640 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 425649 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 428663 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2024-11-06 09:22 | 2024-11-07 14:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/07/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/06/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/06/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/06/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/07/2024 |
Months Reserves exceed minimum required - 7.11 months reserves exceed 0 month requirement Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO of 792 is greater than minimum requirement of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2752693 | |
| XXXX | 428663 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM1221 | 2024-11-05 17:21 | 2024-11-07 14:56 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-The Deed of Trust is Present and Complete - All pages of the Recorded DOT provided. - Due Diligence Vendor-11/07/2024 Ready for Review-Document Uploaded. please see complete deed of trust - Seller-11/06/2024 Open-The Deed of Trust is Incomplete Page 1 of the mortgage is missing from file. - Due Diligence Vendor-11/05/2024 |
Ready for Review-Document Uploaded. please see complete deed of trust - Seller-11/06/2024 |
Resolved-The Deed of Trust is Present and Complete - All pages of the Recorded DOT provided. - Due Diligence Vendor-11/07/2024 |
Months Reserves exceed minimum required - 7.11 months reserves exceed 0 month requirement Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO of 792 is greater than minimum requirement of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2749664 | |
| XXXX | 428663 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2024-11-05 17:25 | 2024-11-05 17:32 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/05/2024 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/05/2024 |
Months Reserves exceed minimum required - 7.11 months reserves exceed 0 month requirement Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO of 792 is greater than minimum requirement of 660 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2749692 | |||
| XXXX | 428667 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-11-20 11:54 | 2024-11-21 17:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Approval by the Underwriting Manager provided. - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/20/2024 Open-Third Party Fraud Report Partially Provided Score above 800 - Per guidelines scores above 800 from require management review and approval by the Underwriting Manager in order to proceed with the loan - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/20/2024 |
Resolved-Approval by the Underwriting Manager provided. - Due Diligence Vendor-11/21/2024 |
Months Reserves exceed minimum required - Guidelines require 4 months of reserves. Qualifying reserves are 7 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 734 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2849136 | |
| XXXX | 428667 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-20 11:23 | 2024-11-21 17:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/20/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit for B1. - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/20/2024 |
Resolved-Borrower 1 Gap Credit Report provided - Due Diligence Vendor-11/21/2024 |
Months Reserves exceed minimum required - Guidelines require 4 months of reserves. Qualifying reserves are 7 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 734 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2848616 | |
| XXXX | 428674 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7569 | 2024-11-20 14:44 | 2024-11-22 18:27 | Resolved | 1 - Information | C | A | Credit | Debt | Mortgage history for primary residence less than 12 months | Resolved-Documentation provide for proof of 12 months history for primary. - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. The subject property is XXXX (Owner Occupied). The borrower has ownership since 2023. Please confirm the mortgage history on the credit report. the subject property was transferred to XXXX bank on XXXX. Could you please waive this condition? - Seller-11/21/2024 Open-Mortgage history for primary residence less than 12 months - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. The subject property is XXXX (Owner Occupied). The borrower has ownership since XXXX. Please confirm the mortgage history on the credit report. the subject property was transferred to XXX on XXXX. Could you please waive this condition? - Seller-11/21/2024 |
Resolved-Documentation provide for proof of 12 months history for primary. - Due Diligence Vendor-11/22/2024 |
LTV is less than guideline maximum - 55% LTV is less than guideline maximum of 80% Qualifying FICO score is at least 20 points above minimum for program - 762 Qualifying FICO score is at least 20 points above minimum for program of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2851275 | |
| XXXX | 428674 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-11-20 16:26 | 2024-11-22 18:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Management approval for Score > 800 provided. - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/20/2024 Open-Third Party Fraud Report Partially Provided Missing management approval for Score > 800 - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/20/2024 |
Resolved-Management approval for Score > 800 provided. - Due Diligence Vendor-11/22/2024 |
LTV is less than guideline maximum - 55% LTV is less than guideline maximum of 80% Qualifying FICO score is at least 20 points above minimum for program - 762 Qualifying FICO score is at least 20 points above minimum for program of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2852303 | |
| XXXX | 428674 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-20 14:44 | 2024-11-22 18:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/20/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/20/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/22/2024 |
LTV is less than guideline maximum - 55% LTV is less than guideline maximum of 80% Qualifying FICO score is at least 20 points above minimum for program - 762 Qualifying FICO score is at least 20 points above minimum for program of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2851276 | |
| XXXX | 428690 | XXXX | D | B | D | A | B | B | C | A | Closed | FCRE1202 | 2024-11-07 17:04 | 2024-11-11 13:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present - Management Approval provided. - Due Diligence Vendor-11/11/2024 Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/08/2024 Open-Third Party Fraud Report Partially Provided Risk Score > 800, management approval letter required. - Due Diligence Vendor-11/07/2024 |
Ready for Review-Document Uploaded. please see fraud alert letter - Seller-11/08/2024 |
Resolved-Third Party Fraud Report is fully present - Management Approval provided. - Due Diligence Vendor-11/11/2024 |
Months Reserves exceed minimum required - Qualifying Total Reserves of 13.12 exceed the 4 months Number of Months of reserves required Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 729 is higher than program minimum requirement of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2767450 | |
| XXXX | 428690 | XXXX | D | B | D | A | B | B | C | A | Closed | FCRE8611 | 2024-11-07 17:00 | 2024-11-11 13:38 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Internet Search provided. - Due Diligence Vendor-11/11/2024 Ready for Review-Document Uploaded. please see business phone number verification - Seller-11/08/2024 Open-Business phone number must be verifiable via XXXXSearch, XXXXor internet. Documentation is not in file. - Due Diligence Vendor-11/07/2024 |
Ready for Review-Document Uploaded. please see business phone number verification - Seller-11/08/2024 |
Resolved-Internet Search provided. - Due Diligence Vendor-11/11/2024 |
Months Reserves exceed minimum required - Qualifying Total Reserves of 13.12 exceed the 4 months Number of Months of reserves required Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 729 is higher than program minimum requirement of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2767393 | |
| XXXX | 428690 | XXXX | D | B | D | A | B | B | C | A | Closed | FPRO1255 | 2024-11-07 16:55 | 2024-11-11 13:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-The HOA Questionnaire Document is not missing or Not Applicable. - Due Diligence Vendor-11/11/2024 Ready for Review-Document Uploaded. please see Condo Questionnaire - Seller-11/08/2024 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing Condo Questionnaire. - Due Diligence Vendor-11/07/2024 |
Ready for Review-Document Uploaded. please see Condo Questionnaire - Seller-11/08/2024 |
Resolved-The HOA Questionnaire Document is not missing or Not Applicable. - Due Diligence Vendor-11/11/2024 |
Months Reserves exceed minimum required - Qualifying Total Reserves of 13.12 exceed the 4 months Number of Months of reserves required Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 729 is higher than program minimum requirement of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2767355 | |
| XXXX | 428690 | XXXX | D | B | D | A | B | B | C | A | Closed | FPRO0008 | 2024-11-07 16:55 | 2024-11-11 13:36 | Resolved | 1 - Information | C | A | Property | Property | Condo Project Warrantable is Unable to Determine | Resolved-Warantability documentation is acceptable. - Due Diligence Vendor-11/11/2024 Ready for Review-Document Uploaded. please see condo quest and CPM - Seller-11/08/2024 Open-The Condo Project Warrantability is Unable to Determined. Missing Condo Questionnaire and status of any litigation. - Due Diligence Vendor-11/07/2024 |
Ready for Review-Document Uploaded. please see condo quest and CPM - Seller-11/08/2024 |
Resolved-Warantability documentation is acceptable. - Due Diligence Vendor-11/11/2024 |
Months Reserves exceed minimum required - Qualifying Total Reserves of 13.12 exceed the 4 months Number of Months of reserves required Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 729 is higher than program minimum requirement of 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2767356 | |
| XXXX | 428690 | XXXX | D | B | D | A | B | B | C | A | Closed | FCOM5135 | 2024-11-06 07:40 | 2024-11-06 07:41 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-11/06/2024 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-11/06/2024 |
Months Reserves exceed minimum required - Qualifying Total Reserves of 13.12 exceed the 4 months Number of Months of reserves required Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 729 is higher than program minimum requirement of 660 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2751864 | |||
| XXXX | 428692 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-47 | 2024-11-20 14:51 | 2024-11-22 06:51 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Rec'd PCCD. - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. please see pccd - Seller-11/21/2024 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )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. -----Provide PCCD with disbursement date after the ROR expiration date, XXXX. - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. please see pccd - Seller-11/21/2024 |
Resolved-Rec'd PCCD. - Due Diligence Vendor-11/22/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 727 Months Reserves exceed minimum required - 8 mths reserves; 4 mths required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2851340 | |
| XXXX | 428704 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2024-11-25 16:45 | 2024-12-03 14:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. soft pull - Seller-11/27/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. soft pull - Seller-11/27/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/03/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score. Qualifying credit score is 765. Months Reserves exceed minimum required - 6 months reserves exceed the 4 months minimum required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2881500 | |
| XXXX | 428704 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1202 | 2024-11-25 16:47 | 2024-12-03 14:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Management approval provided. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. fraud letter - Seller-11/27/2024 Open-Third Party Fraud Report Partially Provided Risk Score above 800 – scores above 800 require management review and approval by the Underwriting Manager in order to proceed with the loan. - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. fraud letter - Seller-11/27/2024 |
Resolved-Management approval provided. - Due Diligence Vendor-12/03/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score. Qualifying credit score is 765. Months Reserves exceed minimum required - 6 months reserves exceed the 4 months minimum required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2881514 | |
| XXXX | 428704 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2024-11-21 19:14 | 2024-11-21 19:14 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/22/2024 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/22/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score. Qualifying credit score is 765. Months Reserves exceed minimum required - 6 months reserves exceed the 4 months minimum required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2861491 | |||
| XXXX | 428709 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE5782 | 2024-11-26 14:34 | 2024-11-27 14:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/27/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/26/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Gap credit report - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/26/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/27/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 39.76%; Max permitted 49.99%. LTV is less than guideline maximum - LTV 60%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 756; Minimum required 660. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2889373 | |
| XXXX | 428709 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2024-11-20 20:37 | 2024-11-26 18:29 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received final settlement statement confirming disbursement date of XXXX. - Due Diligence Vendor-11/26/2024 Ready for Review-Document Uploaded. please see final settlement statement - Seller-11/26/2024 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"XXXXl" or "Electronic Delivery" or blank, and the revised 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"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), 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. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. -----Please provide evidence that disbursement was less than 3 days after consummation date of XXXX. - Due Diligence Vendor-11/21/2024 |
Ready for Review-Document Uploaded. please see final settlement statement - Seller-11/26/2024 |
Resolved-Received final settlement statement confirming disbursement date of XXXX. - Due Diligence Vendor-11/26/2024 | Qualifying DTI below maximum allowed - Qualifying DTI 39.76%; Max permitted 49.99%. LTV is less than guideline maximum - LTV 60%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 756; Minimum required 660. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2853270 | |
| XXXX | 430747 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE5782 | 2024-12-03 08:43 | 2024-12-04 15:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-12/03/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-12/03/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/04/2024 | Qualifying DTI below maximum allowed - 37.50% DTI, 49.99% max LTV is less than guideline maximum - 60.13% LTV, 80% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2916934 | |
| XXXX | 430747 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE8611 | 2024-12-03 08:06 | 2024-12-04 15:47 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Internet search provided. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. Please see the verification of employer's phone number and address Also, Please see business listing URL below: XXXX XXXX - Seller-12/03/2024 Open-The Underwriting Condition Sheet reflects the following requirement: "Provide a public listing for the employer with phone # and address." However, the loan file lacks the necessary documentation confirming the employer's phone number and address. - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. Please see the verification of employer's phone number and address Also, Please see business listing URL below: XXXX XXXX - Seller-12/03/2024 |
Resolved-Internet search provided. - Due Diligence Vendor-12/04/2024 |
Qualifying DTI below maximum allowed - 37.50% DTI, 49.99% max LTV is less than guideline maximum - 60.13% LTV, 80% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2916669 | |
| XXXX | 430747 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3617 | 2024-11-21 13:16 | 2024-12-04 07:46 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Initial Closing Disclosure Date and Funding Date Validation Test | Resolved-Rec'd Settlement Statement - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. please see final settlement statement showing disbursement date of XXXX - Seller-12/03/2024 Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. Final CD shows disbursement date of XXXX, but closing date is XXXX. Provide evidence the loan did not disburse prior to closing. - Due Diligence Vendor-11/21/2024 |
Ready for Review-Document Uploaded. please see final settlement statement showing disbursement date of XXXX - Seller-12/03/2024 | Resolved-Rec'd Settlement Statement - Due Diligence Vendor-12/04/2024 |
Qualifying DTI below maximum allowed - 37.50% DTI, 49.99% max LTV is less than guideline maximum - 60.13% LTV, 80% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2858455 | |
| XXXX | 430770 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 430782 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 431799 | XXXX | C | B | A | A | C | B | A | A | Closed | finding-3634 | 2024-11-01 11:01 | 2024-11-07 05:20 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC. - Due Diligence Vendor-11/07/2024 Ready for Review-Loan amount change from XXXX to XXXX is valid COC for a broker fee increase - percentage of loan amount. - Buyer-11/06/2024 Open-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 XXXX.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). ...Zero (0%) tolerance fees increased by XXXX(Mortgage Broker Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations, 3 years, expiration date XXXX - Due Diligence Vendor-11/01/2024 |
Resolved-Received COC. - Due Diligence Vendor-11/07/2024 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage pay history 68 months. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 726; minimum required 680. Months Reserves exceed minimum required - 175. months PITIA reserves; 6 months reserves required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2727855 | |||
| XXXX | 431799 | XXXX | C | B | A | A | C | B | A | A | Closed | FCOM1302 | 2024-11-01 10:19 | 2024-11-01 10:20 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Home Loan Toolkit Not Provided Within 3 Days of Application Date | Waived-Client waiver applied to non-material findings - Due Diligence Vendor-11/01/2024 Open-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '4'). - Due Diligence Vendor-11/01/2024 |
Waived-Client waiver applied to non-material findings - Due Diligence Vendor-11/01/2024 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage pay history 68 months. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 726; minimum required 680. Months Reserves exceed minimum required - 175. months PITIA reserves; 6 months reserves required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 2727466 | |||
| XXXX | 431799 | XXXX | C | B | A | A | C | B | A | A | Closed | FCOM5135 | 2024-11-01 10:19 | 2024-11-01 10:20 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Client waiver applied to non-material findings - Due Diligence Vendor-11/01/2024 Open-Required Affiliated Business Disclosure Missing - Due Diligence Vendor-11/01/2024 |
Waived-Client waiver applied to non-material findings - Due Diligence Vendor-11/01/2024 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage pay history 68 months. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 726; minimum required 680. Months Reserves exceed minimum required - 175. months PITIA reserves; 6 months reserves required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 2727467 | |||
| XXXX | 431799 | XXXX | C | B | A | A | C | B | A | A | Closed | FCOM1125 | 2024-11-01 10:16 | 2024-11-01 10:16 | Waived | 2 - Non-Material | B | B | Compliance | Data | Borrower 2 Final Signature Date is in the future | Waived-Borrower 2 Final Signature Date is greater than the transaction date of XXXX Client waiver applied to non-material findings - Due Diligence Vendor-11/01/2024 | Waived-Borrower 2 Final Signature Date is greater than the transaction date of XXXX Client waiver applied to non-material findings - Due Diligence Vendor-11/01/2024 | On time mortgage history exceeds guideline requirement - 0x30 mortgage pay history 68 months. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 726; minimum required 680. Months Reserves exceed minimum required - 175. months PITIA reserves; 6 months reserves required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 2727446 | |||
| XXXX | 432779 | XXXX | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2024-11-20 15:36 | 2025-04-23 11:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-The HOA Questionnaire Document provided. - Due Diligence Vendor-11/25/2024 Ready for Review-Document Uploaded. - Seller-11/25/2024 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing Condo Quest - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. - Seller-11/25/2024 |
Resolved-The HOA Questionnaire Document provided. - Due Diligence Vendor-11/25/2024 |
Months Reserves exceed minimum required - 115 mths reserves; 6 mths required. Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 711 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2851865 | |
| XXXX | 432779 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2024-11-20 15:58 | 2024-11-25 18:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Borrower 1 CPA Letter Provided with ownership. - Due Diligence Vendor-11/25/2024 Ready for Review-Document Uploaded. already reflected - Seller-11/22/2024 Open-Borrower 1 CPA Letter Missing Need CPA to confirm Ownership & Expense % - Due Diligence Vendor-11/20/2024 |
Ready for Review-Document Uploaded. already reflected - Seller-11/22/2024 |
Resolved-Borrower 1 CPA Letter Provided with ownership. - Due Diligence Vendor-11/25/2024 |
Months Reserves exceed minimum required - 115 mths reserves; 6 mths required. Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 711 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2852084 | |
| XXXX | 432781 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 432784 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-11 14:33 | 2024-11-13 14:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/13/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/12/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/12/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/13/2024 |
LTV is less than guideline maximum - 53.01% LTV, 80% max Qualifying DTI below maximum allowed - 28.85% DTI, 49.99% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2784660 | |
| XXXX | 432791 | XXXX | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2024-12-02 15:16 | 2024-12-04 15:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-Questionnaire provided. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. - Seller-12/03/2024 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. HOA Questionnaire Document is Missing - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. - Seller-12/03/2024 |
Resolved-Questionnaire provided. - Due Diligence Vendor-12/04/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score. Qualifying credit score is 776. Months Reserves exceed minimum required - 12.82 months of reserves exceed the 0 month minimum required LTV is less than guideline maximum - 75% LTV is less than 80% guideline maximum |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2910345 | |
| XXXX | 432795 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-25 09:44 | 2024-11-26 18:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/26/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/25/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/25/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/26/2024 |
Verified employment history exceeds guidelines - 3 year of employment history exceeds 2 year guideline requirement Qualifying FICO score is at least 20 points above minimum for program - FICO score of 738 is 20+ points above 680 minimum for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 2875678 | |
| XXXX | 434435 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8338 | 2024-11-05 16:25 | 2024-11-07 11:48 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Cash To Borrower does not meet eligibility requirement(s) | Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-03/06/2025 Ready for Review-Exception granted - close finding - Buyer-11/06/2024 Open-Cash out of XXXX ltv, No picture of fridge unit XXXX in kitchen photo. - Due Diligence Vendor-11/05/2024 |
Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-03/06/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, Qualifying score is 749 Months Reserves exceed minimum required - 133 mths reserves; 2 mths required. |
133.73 months reserves > 2 months minimum required. 749 FICO > 660 minimum required. 20 yrs at address |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 2749185 | ||
| XXXX | 436540 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2024-12-06 12:14 | 2024-12-09 14:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/09/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-12/06/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-12/06/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/09/2024 |
Qualifying DTI below maximum allowed - 39.77% DTI, 49.99% max Qualifying FICO score is at least 20 points above minimum for program - 756 FICO, 660 minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2950548 | |
| XXXX | 436540 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2024-11-26 12:11 | 2024-11-26 12:11 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/26/2024 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/26/2024 |
Qualifying DTI below maximum allowed - 39.77% DTI, 49.99% max Qualifying FICO score is at least 20 points above minimum for program - 756 FICO, 660 minimum |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2887298 | |||
| XXXX | 436567 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-11 14:23 | 2024-11-13 14:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/13/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/12/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Rep - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/12/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/13/2024 |
Qualifying DTI below maximum allowed - Max DTI 49.99% / Borrower DTI -30.29% LTV is less than guideline maximum - Max LTV - 80% / Subject LTV -70% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2784544 | |
| XXXX | 436569 | XXXX | D | A | D | A | D | A | A | A | Closed | FCRE5782 | 2024-11-08 11:23 | 2024-11-12 14:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/12/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/08/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/08/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/08/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/12/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 776 LTV is less than guideline maximum - Max 80%, actual 65% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2772126 | |
| XXXX | 436569 | XXXX | D | A | D | A | D | A | A | A | Closed | FCOM5135 | 2024-11-06 13:52 | 2024-11-12 06:40 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Resolved-Rec'd SPL with affiliate designation. - Due Diligence Vendor-11/12/2024 Ready for Review-Document Uploaded. please see XXXX - Seller-11/08/2024 Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-11/06/2024 |
Ready for Review-Document Uploaded. please see WSSPL - Seller-11/08/2024 |
Resolved-Rec'd SPL with affiliate designation. - Due Diligence Vendor-11/12/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 776 LTV is less than guideline maximum - Max 80%, actual 65% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2756094 | |
| XXXX | 436576 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 439721 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 440819 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-13 17:27 | 2024-11-15 14:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/15/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/14/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-11/13/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/14/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/15/2024 |
Months Reserves exceed minimum required - 51.33 months reserves, 4 months required Qualifying DTI below maximum allowed - 14.22% DTI, 49.99% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2805460 | |
| XXXX | 441983 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 445203 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2024-11-22 17:17 | 2024-11-25 18:03 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Total Qualified Assets Post-Close are greater than XXXX. PCCD and Wire provided. - Due Diligence Vendor-11/25/2024 Ready for Review-Document Uploaded. please see the proof of transfer of XXXX - Seller-11/25/2024 Open-Provide wire and proof of transfer for additional deposit in the amount of XXXX - Due Diligence Vendor-11/22/2024 |
Ready for Review-Document Uploaded. please see the proof of transfer of XXXX - Seller-11/25/2024 | Resolved-Total Qualified Assets Post-Close are greater than XXXX. PCCD and Wire provided. - Due Diligence Vendor-11/25/2024 | LTV is less than guideline maximum - 47.17% LTV is less than guideline maximum of 80% Qualifying FICO score is at least 20 points above minimum for program - 794 FICO score is 20+ points above 660 minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2871233 | |
| XXXX | 445203 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2024-11-21 09:58 | 2024-11-25 18:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 178.12 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s). Wire and PCCD provided. - Due Diligence Vendor-11/25/2024 Ready for Review-Document Uploaded. please see the proof of transfer of XXXX - Seller-11/25/2024 Counter-Provide wire and proof of transfer for additional deposit in the amount of XXXX - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. please see pccd showing the borrower received the refund of XXXX - Seller-11/21/2024 Open-Audited Reserves of 2.3 month(s) are less than Guideline Required Reserves of 4 month(s) Missing Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-11/21/2024 |
Ready for Review-Document Uploaded. please see the proof of transfer of XXXX - Seller-11/25/2024 Ready for Review-Document Uploaded. please see pccd showing the borrower received the refund of XXXX - Seller-11/21/2024 |
Resolved-Audited Reserves of 178.12 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s). Wire and PCCD provided. - Due Diligence Vendor-11/25/2024 |
LTV is less than guideline maximum - 47.17% LTV is less than guideline maximum of 80% Qualifying FICO score is at least 20 points above minimum for program - 794 FICO score is 20+ points above 660 minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2856120 | |
| XXXX | 445203 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-21 09:44 | 2024-11-22 16:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/22/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/21/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-11/21/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/21/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-11/22/2024 |
LTV is less than guideline maximum - 47.17% LTV is less than guideline maximum of 80% Qualifying FICO score is at least 20 points above minimum for program - 794 FICO score is 20+ points above 660 minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2855983 | |
| XXXX | 447193 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE1506 | 2024-11-26 08:51 | 2025-04-22 18:22 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Solar Agreement provided. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. please see the full PPA - Seller-11/27/2024 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Insufficient documentation provided for the solar lease agreement. Solar agreement lease agreement transferred to the borrower in XXXX. Lender guides refers to XXXX for solar. For leased solar panels The lender must obtain and review copies of the lease or power purchase agreement. The monthly lease payment must be included in the DTI ratio calculation unless the lease is structured to provide delivery of a specific amount of energy at a fixed payment during a given period, and have a production guarantee that compensates the borrower on a prorated basis in the event the solar panels fail to meet the energy output required for in the lease for that period. Payments under power purchase agreements where the payment is calculated solely based on the energy produced may be excluded from the DTI ratio. Documentation provided is insufficient to exclude solar lease. DTI to be recalculated if solar lease is required to be included in borrowers debt ratio. - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. please see the full PPA - Seller-11/27/2024 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Solar Agreement provided. - Due Diligence Vendor-12/03/2024 |
Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%. Qualifying DTI is 44.61%. LTV is less than guideline maximum - 67.78% LTV, 80% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2884496 | |
| XXXX | 447193 | XXXX | D | B | D | A | C | B | A | A | Closed | FCOM1353 | 2024-11-25 10:13 | 2024-12-09 13:53 | Waived | 2 - Non-Material | C | B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/25/2024 | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/25/2024 | Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%. Qualifying DTI is 44.61%. LTV is less than guideline maximum - 67.78% LTV, 80% max |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | 2875985 | |||
| XXXX | 447193 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE0200 | 2024-11-25 14:13 | 2024-12-03 14:21 | Resolved | 1 - Information | C | A | Credit | Debt | Missing proof of liability not disclosed on credit report | Resolved-Solar Agreement provided. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. please see the full PPA - Seller-11/27/2024 Open-Missing documentation for monthly solar panel lease payment. Loan file reflects a transfer of solar service agreement; however, the monthly payment for the lease of solar equipment was not provided. The monthly payment for the leased solar panels should be included in the DTI ratio unless the lease agreement includes a fixed payment for a guaranteed amount of energy production. - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. please see the full PPA - Seller-11/27/2024 |
Resolved-Solar Agreement provided. - Due Diligence Vendor-12/03/2024 |
Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%. Qualifying DTI is 44.61%. LTV is less than guideline maximum - 67.78% LTV, 80% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2879611 | |
| XXXX | 447193 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE5782 | 2024-11-25 13:51 | 2024-12-03 14:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/02/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/27/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/27/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/02/2024 |
Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%. Qualifying DTI is 44.61%. LTV is less than guideline maximum - 67.78% LTV, 80% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2879289 | |
| XXXX | 447193 | XXXX | D | B | D | A | C | B | A | A | Closed | FCOM5135 | 2024-11-25 10:13 | 2024-11-25 10:13 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/25/2024 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/25/2024 |
Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%. Qualifying DTI is 44.61%. LTV is less than guideline maximum - 67.78% LTV, 80% max |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | 2875984 | |||
| XXXX | 447596 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-11-25 13:10 | 2024-12-02 14:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/02/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-11/26/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Rep - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-11/26/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/02/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 768 LTV is less than guideline maximum - LTV 53% is less then the max allowed 80% LTV |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2878620 | |
| XXXX | 447596 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1491 | 2024-11-25 13:42 | 2024-12-02 14:51 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Assets provided. - Due Diligence Vendor-12/02/2024 Ready for Review-Document Uploaded. please see bank statement showing the transfer of the closing fund - Seller-11/27/2024 Open-Asset Qualification Does Not Meet Guideline Requirements Audit UW used stated assets XXXX listed on 1008; missing 1 month bank statement to verify closing funds. Note: Cheshire's Check in the amount of XXXX paid to escrow agent (missing assets) - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. please see bank statement showing the transfer of the closing fund - Seller-11/27/2024 |
Resolved-Assets provided. - Due Diligence Vendor-12/02/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 768 LTV is less than guideline maximum - LTV 53% is less then the max allowed 80% LTV |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2879094 | |
| XXXX | 449361 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 450345 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2024-12-03 14:11 | 2024-12-05 14:32 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Total Qualified Assets Post-Close are greater than XXXX. - PCCD provided. - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. please see post CD - Seller-12/03/2024 Open-Total Qualified Assets Post-Close amount is XXXX. Assets are Insufficient. Assets are Insufficient. - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. please see post CD - Seller-12/03/2024 |
Resolved-Total Qualified Assets Post-Close are greater than XXXX. - PCCD provided. - Due Diligence Vendor-12/05/2024 | LTV is less than guideline maximum - 50% LTV is less than 80% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - FICO of 716 is 20+ points above 660 minimum for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2921621 | |
| XXXX | 450345 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1491 | 2024-12-03 14:11 | 2024-12-05 14:32 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Asset Qualification Meets Guideline Requirements - PCCD provided. - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. please see post CD - Seller-12/03/2024 Open-Asset Qualification Does Not Meet Guideline Requirements Assets are Insufficient. - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. please see post CD - Seller-12/03/2024 |
Resolved-Asset Qualification Meets Guideline Requirements - PCCD provided. - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - 50% LTV is less than 80% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - FICO of 716 is 20+ points above 660 minimum for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2921620 | |
| XXXX | 450345 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1159 | 2024-12-03 13:43 | 2024-12-05 14:14 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-PCCD provided. Disbursement date is XXXX - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. please see post cd - Seller-12/03/2024 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX, disbursement date XXXX - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. please see post cd - Seller-12/03/2024 |
Resolved-PCCD provided. Disbursement date is XXXX - Due Diligence Vendor-12/05/2024 | LTV is less than guideline maximum - 50% LTV is less than 80% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - FICO of 716 is 20+ points above 660 minimum for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2921181 | |
| XXXX | 450345 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE3653 | 2024-12-03 17:28 | 2024-12-05 14:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-Solar Agreement provided. Prepaid, no payments. - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. please see solar agreement and post 1003 - Seller-12/03/2024 Open-Missing Solar Agreement reflecting all terms and conditions (need monthly payment ) Appraisal reflects solar lease. Provide a revised 1003 with solar loan and payment. - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. please see solar agreement and post 1003 - Seller-12/03/2024 |
Resolved-Solar Agreement provided. Prepaid, no payments. - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - 50% LTV is less than 80% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - FICO of 716 is 20+ points above 660 minimum for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2923910 | |
| XXXX | 450345 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1205 | 2024-12-03 17:18 | 2024-12-05 14:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. Please see OFAC checks for lender and underwriter. Both searches did not return any results. - Seller-12/03/2024 Open-OFAC Check Not Completed and/or Cleared for the Underwriter and NMSI. - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. Please see OFAC checks for lender and underwriter. Both searches did not return any results. - Seller-12/03/2024 |
Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - 50% LTV is less than 80% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - FICO of 716 is 20+ points above 660 minimum for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2923850 | |
| XXXX | 450345 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-12-03 14:03 | 2024-12-05 14:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-12/03/2024 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-12/03/2024 |
Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - 50% LTV is less than 80% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - FICO of 716 is 20+ points above 660 minimum for program |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2921493 | |
| XXXX | 450349 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2024-11-26 09:28 | 2024-11-26 09:28 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/26/2024 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-11/26/2024 |
Months Reserves exceed minimum required - 19.35 months of reserves LTV is less than guideline maximum - 65.15% LTV, 80% max |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2884978 | |||
| XXXX | 450350 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE8611 | 2024-12-02 17:05 | 2024-12-04 15:56 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Internet search provided. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. please see business phone number verification - Seller-12/03/2024 Open-The guidelines for self-employment state the borrower's business phone number must be verifiable via XXXX Search, XXXX or internet. Documentation showing the borrower's business phone number was verified via XXXX Search, XXXX or internet was missing from the loan file. - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. please see business phone number verification - Seller-12/03/2024 |
Resolved-Internet search provided. - Due Diligence Vendor-12/04/2024 |
Qualifying DTI below maximum allowed - 8.82% DTI, 49.99% max LTV is less than guideline maximum - 70% LTV, 90% LTV max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2911477 | |
| XXXX | 450350 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-12-02 16:51 | 2024-12-04 15:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-12/03/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-12/03/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/04/2024 |
Qualifying DTI below maximum allowed - 8.82% DTI, 49.99% max LTV is less than guideline maximum - 70% LTV, 90% LTV max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2911311 | |
| XXXX | 450629 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE1194 | 2024-11-25 14:52 | 2024-11-25 16:37 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-11/25/2024 Open-Audited LTV of 80% exceeds Guideline LTV of 75% Lenders Exception for LTV REQUESTING +5%. Current guides MAX 75% on I/O - Due Diligence Vendor-11/25/2024 |
Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-11/25/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 763 is higher than the required 680 Months Reserves exceed minimum required - 20.78 months reserves exceed required 2 by 18.78 months. |
20 months reserves, 2 months required. 763 Fico, 680 required. | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2880161 | ||
| XXXX | 450632 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2024-11-26 12:14 | 2024-11-26 14:16 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-11/26/2024 Open-Housing History Does Not Meet Guideline Requirements Lender exception provided to use transaction history for VOM. Guidelines require VOM to be completed by the creditor. - Due Diligence Vendor-11/26/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-11/26/2024 |
Months Reserves exceed minimum required - 39 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 748; minimum required 660. |
Actual rent higher than market rent. Market rent used to calculate DSCR. FICO 40+ pts > guidelines. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 2887343 | ||
| XXXX | 450783 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2024-11-25 09:41 | 2024-12-12 12:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-After further review, guidelines do not specify the codes, C08. Condition resolved. - Due Diligence Vendor-12/12/2024 Counter-EAD provided , need verification C08 pending asylum is allowed. - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. - Seller-12/06/2024 Open-Borrower Citizenship Documentation Is Missing -----Borrower Citizenship Documentation Is Missing - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. - Seller-12/06/2024 |
Resolved-After further review, guidelines do not specify the codes, C08. Condition resolved. - Due Diligence Vendor-12/12/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 792 Min FICO = 660 Qualifying DTI below maximum allowed - DTI = 17.36% - Max DTI = 50% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2875632 | |
| XXXX | 450783 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6844 | 2024-11-25 14:09 | 2024-11-27 12:26 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Gift funds verified on CD. - Due Diligence Vendor-11/27/2024 Ready for Review-Document Uploaded. Please see Gifts on the CD given at closing - Seller-11/26/2024 Open-File is missing TRANSFERS of the following Gifts: XXXX XXXX XXXX XXXX XXXX - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Please see Gifts on the CD given at closing - Seller-11/26/2024 |
Resolved-Gift funds verified on CD. - Due Diligence Vendor-11/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 792 Min FICO = 660 Qualifying DTI below maximum allowed - DTI = 17.36% - Max DTI = 50% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2879568 | |
| XXXX | 453036 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2024-12-09 11:34 | 2024-12-11 15:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Management approval provided. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. please see fraud alert letter - Seller-12/09/2024 Open-Third Party Fraud Report Partially Provided Fraud score is 818_ XXXX scores above 800 from XXXX require management review and approval(Guide pg. 34) ; no management approval provided - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. please see fraud alert letter - Seller-12/09/2024 |
Resolved-Management approval provided. - Due Diligence Vendor-12/11/2024 |
Months Reserves exceed minimum required - 5.42 months reserves is greater than the 4 month minimum Qualifying FICO score is at least 20 points above minimum for program - FICO 740 is higher than 660 program minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2961342 | |
| XXXX | 453036 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-12-09 10:59 | 2024-12-11 15:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-12/09/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-12/09/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/11/2024 |
Months Reserves exceed minimum required - 5.42 months reserves is greater than the 4 month minimum Qualifying FICO score is at least 20 points above minimum for program - FICO 740 is higher than 660 program minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2960813 | |
| XXXX | 453036 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0360 | 2024-12-09 11:11 | 2024-12-11 15:52 | Resolved | 1 - Information | C | A | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-12/09/2024 Open-(Guideline pg. 17) Rental Calculation requires 75% of gross rent less PITI and HOA dues or full deduction of PITIA - no documentation provided validating the P&I or that the property located at XXXX is owned free and clear. - Due Diligence Vendor-12/09/2024 |
Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-12/09/2024 |
Months Reserves exceed minimum required - 5.42 months reserves is greater than the 4 month minimum Qualifying FICO score is at least 20 points above minimum for program - FICO 740 is higher than 660 program minimum |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2960989 | |||
| XXXX | 453976 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2024-12-02 10:07 | 2024-12-05 13:30 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Rec'd COC. - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. - Seller-12/04/2024 Open-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 (XXXX) does not exceed or equal the comparable sum of specific and non-specific lender credits (XXXX). 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). ----- Lender credit decreased from XXXX to XXXX without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of limitations - three years, Expiration date: XXXX - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. - Seller-12/04/2024 |
Resolved-Rec'd COC. - Due Diligence Vendor-12/05/2024 |
On time mortgage history exceeds guideline requirement - On Time Mortgage History = 65 Months Required = 12 months Qualifying DTI below maximum allowed - DTI = 41.02% - Max DTI = 50% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2905913 | |
| XXXX | 453976 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2024-12-02 10:07 | 2024-12-05 13:30 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Rec'd COC. - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. - Seller-12/04/2024 Open-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 XXXX.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). ----- Zero (0%) tolerance fees increased by XXXX (Loan Discount Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of limitations - three years, Expiration date: XXXX - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. - Seller-12/04/2024 |
Resolved-Rec'd COC. - Due Diligence Vendor-12/05/2024 |
On time mortgage history exceeds guideline requirement - On Time Mortgage History = 65 Months Required = 12 months Qualifying DTI below maximum allowed - DTI = 41.02% - Max DTI = 50% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2905916 | |
| XXXX | 455934 | XXXX | D | B | D | B | C | A | A | A | Closed | FCRE1506 | 2024-12-04 18:11 | 2024-12-11 11:55 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Client emailed and confirmed there is no HOA for 3a- condition resolved. - Due Diligence Vendor-12/11/2024 Counter-Final CD provided but does not coincide with the outstanding credit condition that is remaining to clear. Provide a revised 1003 and 1008 with correct PITI payment of $-3,242.72 and proof of HOA. finding remains. - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. Please see fully completed CD. - Seller-12/10/2024 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Outstanding credit condition. - Due Diligence Vendor-12/04/2024 |
Ready for Review-Document Uploaded. Please see fully completed CD. - Seller-12/10/2024 |
Resolved-Client emailed and confirmed there is no HOA for 3a- condition resolved. - Due Diligence Vendor-12/11/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 783 LTV is less than guideline maximum - Maximum LTV is 90%, subject loan is 80% LTV |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2933356 | |
| XXXX | 455934 | XXXX | D | B | D | B | C | A | A | A | Closed | FCRE7497 | 2024-12-04 18:33 | 2024-12-11 09:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-No HOA, client confirmed in email. - Condition resolved. - Due Diligence Vendor-12/11/2024 Counter-Mortgage statement provided. Provide a revised 1003 and 1008 with correct PITI payment of XXXX and proof of HOA. - Due Diligence Vendor-12/09/2024 Ready for Review-Please see page(s) XXXX. (HOI, Mtg Stmt, Tax) - Buyer-12/06/2024 Open-Missing debt service for property XXXX - Due Diligence Vendor-12/04/2024 |
Resolved-No HOA, client confirmed in email. - Condition resolved. - Due Diligence Vendor-12/11/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 783 LTV is less than guideline maximum - Maximum LTV is 90%, subject loan is 80% LTV |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2933475 | |||
| XXXX | 455934 | XXXX | D | B | D | B | C | A | A | A | Closed | FCRE0044 | 2024-12-04 14:44 | 2024-12-10 13:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Client provided LOX- condition resolved. - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. PLEASE SEE ATTACHED SIGNED CREDIT INQUIRIES - Buyer-12/10/2024 Open-LOX for credit inquiries is missing. - Due Diligence Vendor-12/04/2024 |
Resolved-Client provided LOX- condition resolved. - Due Diligence Vendor-12/10/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 783 LTV is less than guideline maximum - Maximum LTV is 90%, subject loan is 80% LTV |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2931381 | ||
| XXXX | 455934 | XXXX | D | B | D | B | C | A | A | A | Closed | FPRO9999 | 2024-12-04 16:29 | 2024-12-09 11:31 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project has pending litigation | Waived-Client provided a waiver, applied to non material finding with reviewed comp factors - 26.86% DTI < 43% maximum allowed, 783 FICO > 680 minimum required. - Due Diligence Vendor-12/09/2024 Open-Exception: Condo project is involved in litigation. Seeking exception to allow. Exception Satisfied page XXXX - Due Diligence Vendor-12/04/2024 |
Waived-Client provided a waiver, applied to non material finding with reviewed comp factors - 26.86% DTI < 43% maximum allowed, 783 FICO > 680 minimum required. - Due Diligence Vendor-12/09/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 783 LTV is less than guideline maximum - Maximum LTV is 90%, subject loan is 80% LTV |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 2932552 | |||
| XXXX | 455934 | XXXX | D | B | D | B | C | A | A | A | Closed | FCOM5814 | 2024-12-03 07:58 | 2024-12-09 04:32 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure Deficiency | Resolved-Complete Copy of Final CD has been received. Finding resolved. - Due Diligence Vendor-12/09/2024 Open-Missing complete copy of Final Closing Disclosure. Additional Findings may apply upon receipt. - Due Diligence Vendor-12/03/2024 |
Resolved-Complete Copy of Final CD has been received. Finding resolved. - Due Diligence Vendor-12/09/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 783 LTV is less than guideline maximum - Maximum LTV is 90%, subject loan is 80% LTV |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2916615 | |||
| XXXX | 455934 | XXXX | D | B | D | B | C | A | A | A | Closed | finding-3632 | 2024-12-09 04:26 | 2024-12-09 04:31 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Consummation or Reimbursement Date Validation Test | Resolved-Data updated. Finding resolved. - Due Diligence Vendor-12/09/2024 Open-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-12/09/2024 |
Resolved-Data updated. Finding resolved. - Due Diligence Vendor-12/09/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 783 LTV is less than guideline maximum - Maximum LTV is 90%, subject loan is 80% LTV |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2958048 | |||
| XXXX | 456558 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE2244 | 2024-12-04 16:21 | 2025-04-23 13:53 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/05/2024 Open-Property Issues are identified for the property This is a condotel. Exception is in file for property type. Lender cited reserves, residual income, DTI, FICO, LTV, job stability, mortgage history, lock status, and low credit utilization as compensating factors. - Due Diligence Vendor-12/04/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - Qualifying LTV 69.44 is lower than the guideline max of 80. Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 16 months. Qualifying DTI below maximum allowed - Qualifying DTI 3.3 is lower than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 787 is more than 20 points higher than the guideline minimum 660. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2932420 | |||
| XXXX | 456558 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE1437 | 2024-12-04 16:37 | 2025-04-23 13:53 | Waived | 2 - Non-Material | B | B | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Waived-Client exception granted and in file, waiver applied with comp factors - Due Diligence Vendor-12/05/2024 Open-Income and Employment Do Not Meet Guidelines Asset statements used for income analysis are expired, however there is an exception in the file. Lender cited reserves, residual income, DTI, FICO, LTV, job stability, mortgage history, lock status, and low credit utilization as compensating factors. - Due Diligence Vendor-12/04/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - Qualifying LTV 69.44 is lower than the guideline max of 80. Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 16 months. Qualifying DTI below maximum allowed - Qualifying DTI 3.3 is lower than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 787 is more than 20 points higher than the guideline minimum 660. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2932631 | |||
| XXXX | 456558 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE1143 | 2024-12-04 16:21 | 2025-04-23 13:53 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Builder in Control of the HOA | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/05/2024 Open-Builder is in control of HOA This is a condotel and only 1 unit has sold. Exception is in file for property type. Lender cited reserves, residual income, DTI, FICO, LTV, job stability, mortgage history, lock status, and low credit utilization as compensating factors. - Due Diligence Vendor-12/04/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/05/2024 |
LTV is less than guideline maximum - Qualifying LTV 69.44 is lower than the guideline max of 80. Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 16 months. Qualifying DTI below maximum allowed - Qualifying DTI 3.3 is lower than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 787 is more than 20 points higher than the guideline minimum 660. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2932419 | |||
| XXXX | 456564 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 456573 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1316 | 2024-12-09 09:19 | 2025-03-06 13:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Paystub dated within 30 days provided. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. paystub - Seller-12/12/2024 Counter-VOE for B2 provided. Please provide VVOE for B1. - Due Diligence Vendor-12/11/2024 Ready for Review-business registration attached - Buyer-12/09/2024 Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. paystub - Seller-12/12/2024 |
Resolved-Paystub dated within 30 days provided. - Due Diligence Vendor-12/13/2024 |
Months Reserves exceed minimum required - 6 months reserves required / Borrower reserves 21.96 months (XXXX) LTV is less than guideline maximum - Max LTV 90% / Subject LTV 85% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2959394 | |
| XXXX | 456573 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE6019 | 2024-12-06 10:18 | 2024-12-27 11:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received all required documents. - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. - Seller-12/26/2024 Counter-Sufficient document to support the country of origin provided, however we are missing a copy of B1's identification. - Due Diligence Vendor-12/24/2024 Ready for Review-B1 is here under a Company Sponsorship XXXX, we don’t have a requirement for Country-of-Origin proof in our guidelines for XXXX - Seller-12/23/2024 Counter-Documentation to support B1's country of origin is required for securitization. - Due Diligence Vendor-12/17/2024 Ready for Review- This finding is invalid, enclosed are the documents which meet our guideline: Employment Status Documentation is required for all borrowers, and may consist of one of the following: o Employment Authorization Documents, provide one of the following: ▪ Form I-766 Employment Authorization Document (EAD), (work permit/card) is required for US employment if the borrower is not sponsored by a current employer. ▫ If the EAD will expire within six (6) months of loan application, it is acceptable to obtain a letter from the employer documenting the borrower’s continued employment and continued EAD renewal. The employer on the loan application must be the same as on the unexpired EAD. The EAD documentation is acceptable up to 540 days if an automatic extension has been granted. ▪ Form I-765 Application for Employment Authorization, the form: ▫ Must reflect approval status in the Action Block (upper right-hand corner of the form) ▪ Form I-797, I-797A, I-797B, or I-797C conveying approval status ▫ Petitioner to match employer name on application o If EAD is not provided, a copy of the Visa permitting employment authorization needs to be included in the credit file. ▪ The following VISA types are acceptable: E-1, E-2, E-3, G-1 through G-5, H-1B, L-1A, L-1B, O-1, R-1. - Buyer-12/16/2024 Counter-All required documents for B2 provided. Extension provided for B1. Please provide EAD front and back for B1. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. - Seller-12/12/2024 Counter-W-8BEN provided. Please provide the Citizenship verification for both borrowers. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. both were in the closing package - Buyer-12/09/2024 Open-Borrower Citizenship Documentation Is Missing Missing residency documentation for Borrower 1. File contains only W-8BEN for B1. - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. - Seller-12/26/2024 Ready for Review-B1 is here under a Company Sponsorship XXXX, we don’t have a requirement for Country-of-Origin proof in our guidelines for Non-Permanent Resident Aliens. - Seller-12/23/2024 Ready for Review-Document Uploaded. - Seller-12/12/2024 |
Resolved-Received all required documents. - Due Diligence Vendor-12/27/2024 |
Months Reserves exceed minimum required - 6 months reserves required / Borrower reserves 21.96 months (XXXX) LTV is less than guideline maximum - Max LTV 90% / Subject LTV 85% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2948384 | |
| XXXX | 456573 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2024-12-09 12:36 | 2024-12-13 13:31 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Paystub dated within 30 days provided. - Due Diligence Vendor-12/13/2024 Ready for Review-all items uploaded - Buyer-12/09/2024 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-12/09/2024 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Paystub dated within 30 days provided. - Due Diligence Vendor-12/13/2024 |
Months Reserves exceed minimum required - 6 months reserves required / Borrower reserves 21.96 months (XXXX) LTV is less than guideline maximum - Max LTV 90% / Subject LTV 85% |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2962523 | |||
| XXXX | 456573 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3532 | 2024-12-06 10:49 | 2024-12-10 08:12 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Closing Disclosure Delivery Date Test | Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. close date XXXX - ICD Date received 11/21 - Seller-12/09/2024 Open-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:"XXXXl" 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; orThe 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 transactionThe 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. ...Provide evidence that Initial CD dated XXXX was provided to borrower at least 3 business days prior to consummation. - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. close date XXX - ICD Date received 11/21 - Seller-12/09/2024 | Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-12/10/2024 |
Months Reserves exceed minimum required - 6 months reserves required / Borrower reserves 21.96 months (XXXX) LTV is less than guideline maximum - Max LTV 90% / Subject LTV 85% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2948958 | |
| XXXX | 457302 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-12-09 15:52 | 2024-12-19 17:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Client provided gap report- condition resolved. - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-12/18/2024 Open-Borrower 1 Gap Credit Report is Missing -Gap Credit Report is Missing - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-12/18/2024 |
Resolved-Client provided gap report- condition resolved. - Due Diligence Vendor-12/19/2024 |
LTV is less than guideline maximum - LTV 74% less than program max allowed 80% Months Reserves exceed minimum required - FICO 765 is higher than 660 program minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2965666 | |
| XXXX | 457311 | XXXX | C | A | A | A | C | A | A | A | Closed | FCOM1978 | 2024-12-07 11:04 | 2024-12-11 07:26 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Rec'd ITP - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. intent to proceed - Seller-12/10/2024 Open-Missing signed Intent to Proceed, please provide copy. Additional findings may apply upon receipt. - Due Diligence Vendor-12/07/2024 |
Ready for Review-Document Uploaded. intent to proceed - Seller-12/10/2024 |
Resolved-Rec'd ITP - Due Diligence Vendor-12/11/2024 |
Qualifying DTI below maximum allowed - DTI 43.79% is lower than the 49.99% DTI max Qualifying FICO score is at least 20 points above minimum for program - FICO 746 is higher than program minimum 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2955839 | |
| XXXX | 457607 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 457827 | XXXX | D | B | C | B | D | A | A | A | Closed | FCOM1232 | 2024-12-11 23:06 | 2024-12-19 14:47 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Document Uploaded. After further review, client provided final 1003 with the updated loan terms- condition resolved. - Due Diligence Vendor-12/19/2024 Ready for Review-SORRY upload the wrong one :) please see updated on final 1003 with corrections thank you :) - Seller-12/18/2024 Counter-Initial 1003 provided. Please provide the Final 1003. - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. Attached updated 1003 with correct terms. Borrower is a fthb. The primary is owned by her spouse only per property profile and comments on 1008 - Seller-12/16/2024 Open-The Final 1003 is Missing Final 1003 does not reflect correct final loan terms and also reflects borrower as a FTHB and Property Record and CD from sale of marital home reflects borrower as a Seller along with spouse. - Due Diligence Vendor-12/12/2024 |
Ready for Review-SORRY upload the wrong one :) please see updated on final 1003 with corrections thank you :) - Seller-12/18/2024 Ready for Review-Document Uploaded. Attached updated 1003 with correct terms. Borrower is a fthb. The primary is owned by her spouse only per property profile and comments on 1008 - Seller-12/16/2024 |
Resolved-Document Uploaded. After further review, client provided final 1003 with the updated loan terms- condition resolved. - Due Diligence Vendor-12/19/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 653 is more than 20 points higher than the minimum 620. Qualifying DTI below maximum allowed - 44.71% DTI; max 50%. |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2988413 | |
| XXXX | 457827 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1278 | 2024-12-09 19:40 | 2024-12-18 13:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Escrow waiver guidelines were not met | Resolved-After further review, Rate lowered to XXXX, impounds are not needed as this is not a HPML loan- condition resolved. - Due Diligence Vendor-12/18/2024 Ready for Review-The rate was lowered on this loan to 8.375 to get under the HPML and not need impounds. Can you please advise why your calculating it as an HPML loan. Thank you :) - Seller-12/18/2024 Open-Escrow waiver not allowed due to HPML. - Due Diligence Vendor-12/10/2024 |
Ready for Review-The rate was lowered on this loan to 8.375 to get under the HPML and not need impounds. Can you please advise why your calculating it as an HPML loan. Thank you :) - Seller-12/18/2024 |
Resolved-After further review, Rate lowered to 8.375, impounds are not needed as this is not a HPML loan- condition resolved. - Due Diligence Vendor-12/18/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 653 is more than 20 points higher than the minimum 620. Qualifying DTI below maximum allowed - 44.71% DTI; max 50%. |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2967476 | ||
| XXXX | 457827 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1441 | 2024-12-09 19:10 | 2024-12-18 13:02 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. We have letter in file from borrower disputing it (not on credit as disputed) saying it is not hers. We do not have an updated credit report showing it removed. Can I order a supplement showing asking for it to be removed. Please see attached for Exception approval - Seller-12/17/2024 Open-Delinquent Credit History Does Not Meet Guideline Requirements Borrower is disputing a collection account with an outstanding balance. Any non-medical collection account that exceeds XXXX, must be paid prior to or at closing; no evidence this was paid. LOE in file from borrower disputing the validity of the account, however, no lender exception provided to allow account to remain open. - Due Diligence Vendor-12/12/2024 |
Ready for Review-Document Uploaded. We have letter in file from borrower disputing it (not on credit as disputed) saying it is not hers. We do not have an updated credit report showing it removed. Can I order a supplement showing asking for it to be removed. Please see attached for Exception approval - Seller-12/17/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-12/18/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 653 is more than 20 points higher than the minimum 620. Qualifying DTI below maximum allowed - 44.71% DTI; max 50%. |
Ratios < 43% Long Term Employment. |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | N/A | 2967398 |
| XXXX | 459304 | XXXX | B | B | B | B | B | B | A | A | Closed | FCRE9996 | 2024-12-11 14:06 | 2025-03-06 13:18 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Condo does not meet requirements | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/11/2024 Open-The loan file contains an exception for 1. Master policy has no XXXX coverage. 2. Project exposure over XXXX. 3. XXXX of the units in the project are not sold. 4. Common elements are not complete. 5. Commercial space is greater XXXX. - Due Diligence Vendor-12/11/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/11/2024 |
LTV is less than guideline maximum - LTV 75%, max 90% Qualifying FICO score is at least 20 points above minimum for program - qualifying score 782, min score 660 |
QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXX | XX | Second Home | Purchase | NA | Investor Post-Close | No | 2984710 | |||
| XXXX | 459304 | XXXX | B | B | B | B | B | B | A | A | Closed | FCOM5135 | 2024-12-11 10:07 | 2024-12-11 10:07 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/11/2024 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/11/2024 |
LTV is less than guideline maximum - LTV 75%, max 90% Qualifying FICO score is at least 20 points above minimum for program - qualifying score 782, min score 660 |
QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXX | XX | Second Home | Purchase | NA | Investor Post-Close | No | 2980524 | |||
| XXXX | 459733 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 459853 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE5782 | 2024-12-10 16:31 | 2024-12-13 17:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. please see soft pull - Seller-12/11/2024 Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-12/10/2024 |
Ready for Review-Document Uploaded. please see soft pull - Seller-12/11/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/13/2024 |
LTV is less than guideline maximum - 70% LTV, 75% max Months Reserves exceed minimum required - 88.86 months of PnI reserves Qualifying FICO score is at least 20 points above minimum for program - 769 FICO, 660 minimum required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2976549 | |
| XXXX | 459853 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3626 | 2024-12-10 09:21 | 2024-12-13 07:33 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID "Section C. Services You Can Shop For / Services Borrower Did Shop For" Validation Test | Resolved-Rec'd Document & response: XXXX is not the broker company - it is an escrow company which operates under XXXX. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. XXXX is not the broker company - it is an escrow company which operates under XXXX. Please see the Affiliated Business Disclosure Statement attached. - Seller-12/12/2024 Open-This loan failed the TRID "Section C. Services You Can Shop For / Services Borrower Did Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section C. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount and a subtotal of all such amounts the consumer will pay for settlement services for which the consumer can shop in accordance with XXXX and that are provided by persons other than the creditor or mortgage broker. -----Title Escrow Fee, Title Messenger Fee & Title Wire Fee in section B is payable to Lender/Broker however, fees paid to Lender or Broker must be in section A. If the fee is to remain in section B, it must state FBO (for the benefit of) to said Vendor. Provide a post close CD with correction within 60 days of discovery date. Statute of Limitations 3 Years: 11/18/2027. - Due Diligence Vendor-12/10/2024 |
Ready for Review-Document Uploaded. XXXX., XXX is not the broker company - it is an escrow company which operates under XXXX. Please see the Affiliated Business Disclosure Statement attached. - Seller-12/12/2024 | Resolved-Rec'd Document & response: XXXX., XXXX is not the broker company - it is an escrow company which operates under XXXX. - Due Diligence Vendor-12/13/2024 | LTV is less than guideline maximum - 70% LTV, 75% max Months Reserves exceed minimum required - 88.86 months of PnI reserves Qualifying FICO score is at least 20 points above minimum for program - 769 FICO, 660 minimum required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2969846 | |
| XXXX | 459864 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 460632 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 466097 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 467748 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2024-12-12 12:40 | 2025-01-13 13:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved--File contains YTD audited P&L and 2023 1099 - Due Diligence Vendor-01/13/2025 Counter-Guidelines state a minimum 2-year self-employment history is required (e.g., 1099 income) as documented from the Employment section of the loan application. Guidelines are state 1099 is considered self employed which requires a 2 years verification. - Due Diligence Vendor-12/26/2024 Ready for Review-Per section 2.7.9 its based on employment section of 1099 no other documents required. - Buyer-12/24/2024 Counter-Please provide documentation to support a minimum 2-year self-employment history as required by the guidelines. - Due Diligence Vendor-12/20/2024 Ready for Review-1099 doc type - N/A - Buyer-12/19/2024 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing VOE's for both borrowers - Due Diligence Vendor-12/12/2024 |
Resolved--File contains YTD audited P&L and 2023 1099 - Due Diligence Vendor-01/13/2025 | LTV is less than guideline maximum - Max LTV 80% / Subject LTV 70% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660 / Borrower FICO 702 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2993296 | |||
| XXXX | 467750 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 467752 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE5116 | 2024-12-13 15:22 | 2025-01-21 10:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Initial application date XXXX, housing history meets guidelines. - Due Diligence Vendor-01/21/2025 Counter-Per guidelines - Housing payment history is required for all Real Estate Owned (REO) evidencing the payment activity for the most recent 12-months. The housing payments must be paid current as of45 days of the loan application date is an additional requirement. Finding remains. - Due Diligence Vendor-01/15/2025 Ready for Review-Section 2.5.6 refers to housing history must be within 45 days of application (for all items in housing history) as stated back in December. - Seller-01/14/2025 Counter-Credit report provided supporting last paid XXXX in the amount XXXX. Please provide documentation to support October and November payments. Guidelines state - Borrowers who are currently renting a residence, a most recent 12-month rental history is required reflecting paid as agreed. - Due Diligence Vendor-01/14/2025 Ready for Review-Document Uploaded. - Seller-01/10/2025 Counter-Unable to locate correct rent payment amount of XXXX on the credit report attached. - Due Diligence Vendor-01/03/2025 Ready for Review-Credit is reporting from XXXX to XXXX with the payment made XXXX. - Seller-12/31/2024 Counter-Guidelines section 2.5.6 reflect Borrowers who are currently renting a residence, a most recent 12-month rental history is required. Need 12 complete months of rent payments. - Due Diligence Vendor-12/24/2024 Ready for Review-Rating only needs to be dated within 45 days of initial application per section 2.5.6 Housing History. - Buyer-12/23/2024 Counter-Credit report dated XXXX does reflect the correct rent amount and last paidXXXX. Please provide Oct and November rent payments. - Due Diligence Vendor-12/19/2024 Ready for Review-Our credit reports show last XXXX amount both say XXXX - what is it that you are looking at? - Buyer-12/19/2024 Counter-Rental history on the credit report reflects last paidXXXX and the payment amount does not support the amount disclosed on the 1003. - Due Diligence Vendor-12/18/2024 Ready for Review-Reports to credit report - Buyer-12/17/2024 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing VOR - Due Diligence Vendor-12/13/2024 |
Ready for Review-Section 2.5.6 refers to housing history must be within 45 days of application (for all items in housing history) as stated back in December. - Seller-01/14/2025 Ready for Review-Document Uploaded. - Seller-01/10/2025 Ready for Review-Credit is reporting from XXXX to 10/24 with the payment made XXXX. - Seller-12/31/2024 |
Resolved-Initial application date XXXX, housing history meets guidelines. - Due Diligence Vendor-01/21/2025 | Qualifying DTI below maximum allowed - Maximum DTI is 43%, subject loan is 13.88% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 791 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3005007 | |
| XXXX | 467752 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE1325 | 2024-12-16 08:53 | 2024-12-24 10:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-LOE provide borrower works remotely and the move will not impact borrowers business. - Due Diligence Vendor-12/24/2024 Ready for Review-Document Uploaded. - Seller-12/23/2024 Open-Borrower 1 CPA Letter Missing Missing CPA letter confirming that borrower's move from XXXX will not have a negative impact on the borrower's business - Due Diligence Vendor-12/16/2024 |
Ready for Review-Document Uploaded. - Seller-12/23/2024 |
Resolved-LOE provide borrower works remotely and the move will not impact borrowers business. - Due Diligence Vendor-12/24/2024 |
Qualifying DTI below maximum allowed - Maximum DTI is 43%, subject loan is 13.88% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 791 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3010561 | |
| XXXX | 467752 | XXXX | D | B | D | A | C | B | A | A | Closed | finding-3652 | 2024-12-12 14:56 | 2024-12-19 13:24 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received CD XXXX with disclosure tracking confirming same day delivery. - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. CD XXXX sent to borrower - Buyer-12/18/2024 Counter-The COC provided states the change occurred on XXXX, the next CD in file is dated XXXX. The revised CD was not within three business days. - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. Valid COC - Extension cost to borrower which would lower the credit - Buyer-12/17/2024 Open-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 (XXXX) does not exceed or equal the comparable sum of specific and non-specific lender credits (XXXX). 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). -----Lender credit decreased from XXXX to XXXX without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations is 3 years. Expiration date: XXXX - Due Diligence Vendor-12/12/2024 |
Resolved-Received CD XXXX with disclosure tracking confirming same day delivery. - Due Diligence Vendor-12/19/2024 | Qualifying DTI below maximum allowed - Maximum DTI is 43%, subject loan is 13.88% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 791 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2995514 | ||
| XXXX | 467752 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE1316 | 2024-12-13 15:07 | 2024-12-19 10:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Operating agreement was located in the loan file. - Due Diligence Vendor-12/19/2024 Ready for Review-This is alt doc 12 month bank statement loan NA - Seller-12/17/2024 Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-12/16/2024 |
Ready for Review-This is alt doc 12 month bank statement loan NA - Seller-12/17/2024 |
Resolved-Operating agreement was located in the loan file. - Due Diligence Vendor-12/19/2024 |
Qualifying DTI below maximum allowed - Maximum DTI is 43%, subject loan is 13.88% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 791 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3004849 | ||
| XXXX | 467752 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE0044 | 2024-12-13 15:29 | 2024-12-18 12:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Inquiry is from the Broker. - Due Diligence Vendor-12/18/2024 Ready for Review-Credit Inquire is broker XXXX - XXXX - We pulled our own credit since we could not reissue their report. - Seller-12/17/2024 Open-LOX for credit inquiries is missing. - Due Diligence Vendor-12/16/2024 |
Ready for Review-Credit Inquire is broker XXXX - XXXX - We pulled our own credit since we could not reissue their report. - Seller-12/17/2024 | Resolved-Inquiry is from the Broker. - Due Diligence Vendor-12/18/2024 |
Qualifying DTI below maximum allowed - Maximum DTI is 43%, subject loan is 13.88% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 791 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3005054 | ||
| XXXX | 467752 | XXXX | D | B | D | A | C | B | A | A | Closed | FCOM5135 | 2024-12-13 10:49 | 2024-12-13 10:49 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/13/2024 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/13/2024 |
Qualifying DTI below maximum allowed - Maximum DTI is 43%, subject loan is 13.88% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 791 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3001550 | |||
| XXXX | 467753 | XXXX | C | A | A | A | C | A | A | A | Closed | FCOM1978 | 2024-12-12 14:45 | 2024-12-18 10:50 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Received the signed ITP. - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. - Buyer-12/17/2024 Open-Intent to Proceed is missing from file. - Due Diligence Vendor-12/12/2024 |
Resolved-Received the signed ITP. - Due Diligence Vendor-12/18/2024 |
Months Reserves exceed minimum required - Minimum reserves is 12 months, Borrowers have 16.12 Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 748 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2995328 | ||
| XXXX | 467755 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2024-12-12 12:11 | 2024-12-18 12:53 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Mortgage with legal provided. - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. - Buyer-12/17/2024 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description - Due Diligence Vendor-12/12/2024 |
Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Mortgage with legal provided. - Due Diligence Vendor-12/18/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 746; minimum required 680 Qualifying DTI below maximum allowed - Qualifying DTI 14%; max permitted 50%. Months Reserves exceed minimum required - 13 months PITIA reserves; 6 months reserves required. |
80% LTV < 90% maximum allowed 746 FICO > 680 minimum required. 14% DTI |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2992714 | |
| XXXX | 467755 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE7375 | 2024-12-13 11:41 | 2024-12-18 12:51 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Citizenship Does Not Meet Guideline Requirements | Waived-Client exception granted, waiver applied with compactors - Due Diligence Vendor-12/18/2024 Ready for Review-What are you asking for? - Buyer-12/17/2024 Open-Approved exception in file for EAD cards expiring in less than 6 months for both borrowers. Requesting to use attorney letter to verify receipt of XXXX to cover fees in connection with the preparation & filing of application for EAD's. - Due Diligence Vendor-12/13/2024 |
Waived-Client exception granted, waiver applied with compactors - Due Diligence Vendor-12/18/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 746; minimum required 680 Qualifying DTI below maximum allowed - Qualifying DTI 14%; max permitted 50%. Months Reserves exceed minimum required - 13 months PITIA reserves; 6 months reserves required. |
Reserves - 10 months Residual income - XXXX DTI - 14% FICO - 746 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3002264 | ||
| XXXX | 468882 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 471184 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 472172 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE0095 | 2024-12-18 13:06 | 2024-12-18 15:25 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Short Term Rental Income does not meet guidelines | Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-12/18/2024 Open-Per guidelines refinance transactions do not allow for XXXX short term rentals; Lender approved exception in file allowing for use of STR from XXXX; XXXX Property Earning Potential report does not meet minimum requirements of 60% market score or provide minimum of 3 comparable rentals in the same zip code. Updated Lender exception required. - Due Diligence Vendor-12/18/2024 |
Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-12/18/2024 |
Months Reserves exceed minimum required - Minimum reserves is 2 months, Borrower has 79.6 months LTV is less than guideline maximum - Maximum LTV is 70%, subject loan is 54.39% |
10+ months reserves, FICO 10+ > then quidelines, 4 years at present address, 0x30x26 months on mortgage, locked with prepay, locked with escrows and 2 years investor experience | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 3034680 | ||
| XXXX | 472175 | XXXX | C | B | C | B | A | A | C | A | Closed | FCRE1197 | 2024-12-18 17:19 | 2024-12-24 12:27 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived--Client waiver applied to non-material finding with comp factor. - Due Diligence Vendor-12/24/2024 Open-Audited FICO of 675 is less than Guideline FICO of 680 Investor exception in file. - Due Diligence Vendor-12/24/2024 |
Waived--Client waiver applied to non-material finding with comp factor. - Due Diligence Vendor-12/24/2024 |
Credit history exceeds minimum required - On time mortgage payment history 24 months exceed guideline requirement. Months Reserves exceed minimum required - Guides require 2 months reserves and the borrower has 33 months. |
Reserves more than 10 months over guideline. Locked with Prepayment penalty. Locked with escrows. Investor experience. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 3038692 | ||
| XXXX | 472175 | XXXX | C | B | C | B | A | A | C | A | Closed | FPRO0013 | 2024-12-19 09:12 | 2024-12-24 10:18 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared within 120 days of Note | Resolved-PDI provided. No damage. - Due Diligence Vendor-12/24/2024 Ready for Review-Document Uploaded. - Buyer-12/23/2024 Open-XXXX (XXXX)-Incident Period: XXXX and continuing-XXXX *Appraiser to comment storm did not damage AND did not affect marketability. - Due Diligence Vendor-12/19/2024 |
Resolved-PDI provided. No damage. - Due Diligence Vendor-12/24/2024 |
Credit history exceeds minimum required - On time mortgage payment history 24 months exceed guideline requirement. Months Reserves exceed minimum required - Guides require 2 months reserves and the borrower has 33 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3042330 | ||
| XXXX | 476850 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2024-12-26 09:43 | 2024-12-26 09:44 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 Open-Utilize XXXX guides for a loan locked XXXX - Due Diligence Vendor-12/26/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 |
DSCR % greater than 1.20 - DSCR is 1.379% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 640, qualifying score is 736 |
736 FICO 26 months reserves 0x30x49 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 3083328 | ||
| XXXX | 476851 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2024-12-26 10:32 | 2025-01-03 10:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Evidence of Property Tax is present and taxes are paid Quartey. - Due Diligence Vendor-01/03/2025 Ready for Review-We used this figure - XXXX Taxes are due quarterly. - Buyer-01/02/2025 Counter-Tax documentation provided does not equal the tax amount used for qualification. Please provide documentation to support how the taxes were determined. - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Buyer-12/26/2024 Open-Missing Evidence of Property Tax No documentation is present to show how the qualifying taxes were determined. - Due Diligence Vendor-12/26/2024 |
Resolved-Evidence of Property Tax is present and taxes are paid Quartey. - Due Diligence Vendor-01/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 794 is more than 20 points higher than the guideline minimum of 660. Months Reserves exceed minimum required - Guides require 2 months reserves and the borrower has more than 3 months. LTV is less than guideline maximum - Qualifying LTV 64.92 is lower than guideline max of 70. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3083780 | ||
| XXXX | 476853 | XXXX | D | B | D | B | B | B | A | A | Closed | FCRE8728 | 2024-12-26 14:05 | 2024-12-26 14:28 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Missing Payment History | Waived-EXCEPTION: 1) Exception to allow missing 6 months proof borrower made payments on Subject property non-reporting mortgage to credit (XXXX). 2) Exception to allow missing 6 months proof borrower made payments on other property non-reporting mortgage to credit (Shellpoint # 9984). 3) Exception to allow the source of large deposits (income) documentation to not match the deposit totals (provided invoices exceed the deposit balance - unable to match deposits) 1) 2.5.6.1.2 MORTGAGE(S) NOT REPORTING ON CREDIT REPORT (XXXX) - 12 months proof of payments ** Proof of borrower’s payment for the most recent 6-months is required. 2) 2.5.6.1.2 MORTGAGE(S) NOT REPORTING ON CREDIT REPORT (XXXX) - 12 months proof of payments ** Proof of borrower’s payment for the most recent 6-months is required. 3) 2.7.6.2 BANK STATEMENT OPTIONS/INCOME ANALYSIS (10/23/2023) - non-consistent or large deposits should be sourced or excluded from the analysis Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 Open-EXCEPTION: 1) Exception to allow missing 6 months proof borrower made payments on Subject property non-reporting mortgage to credit (XXXX). 2) Exception to allow missing 6 months proof borrower made payments on other property non-reporting mortgage to credit (XXXX). 3) Exception to allow the source of large deposits (income) documentation to not match the deposit totals (provided invoices exceed the deposit balance - unable to match deposits) 1) 2.5.6.1.2 MORTGAGE(S) NOT REPORTING ON CREDIT REPORT (XXXX) - 12 months proof of payments ** Proof of borrower’s payment for the most recent 6-months is required. 2) 2.5.6.1.2 MORTGAGE(S) NOT REPORTING ON CREDIT REPORT (XXXX) - 12 months proof of payments ** Proof of borrower’s payment for the most recent 6-months is required. 3) 2.7.6.2 BANK STATEMENT OPTIONS/INCOME ANALYSIS (10/23/2023) - non-consistent or large deposits should be sourced or excluded from the analysis - Due Diligence Vendor-12/26/2024 |
Waived-EXCEPTION: 1) Exception to allow missing 6 months proof borrower made payments on Subject property non-reporting mortgage to credit (XXXX). 2) Exception to allow missing 6 months proof borrower made payments on other property non-reporting mortgage to credit (XXXX). 3) Exception to allow the source of large deposits (income) documentation to not match the deposit totals (provided invoices exceed the deposit balance - unable to match deposits) 1) 2.5.6.1.2 MORTGAGE(S) NOT REPORTING ON CREDIT REPORT (10/30/2024) - 12 months proof of payments ** Proof of borrower’s payment for the most recent 6-months is required. 2) 2.5.6.1.2 MORTGAGE(S) NOT REPORTING ON CREDIT REPORT (10/30/2024) - 12 months proof of payments ** Proof of borrower’s payment for the most recent 6-months is required. 3) 2.7.6.2 BANK STATEMENT OPTIONS/INCOME ANALYSIS (XXXX) - non-consistent or large deposits should be sourced or excluded from the analysis Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 |
Qualifying DTI below maximum allowed - Maximum DTI is 50%, qualifying DTI is 32.24% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 781 |
Reserves: 12+ months > Guidelines, Residual Income: 3x Guidelines, DTI%: <40%, FICO: 100 pts > guidelines, Years on job: 4 years, Years at present address - 8 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 3086618 | ||
| XXXX | 476853 | XXXX | D | B | D | B | B | B | A | A | Closed | FCOM5135 | 2024-12-24 08:58 | 2024-12-24 08:58 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/24/2024 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/24/2024 |
Qualifying DTI below maximum allowed - Maximum DTI is 50%, qualifying DTI is 32.24% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 781 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 3074989 | |||
| XXXX | 476854 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0970 | 2024-12-26 15:44 | 2024-12-31 09:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Subject is a PUD and verified Appraiser commented that the subject has no HOA fee dues. - Due Diligence Vendor-12/31/2024 Ready for Review-Appraisal has a statement which listed subject is a PUD and no HOA dues. - Buyer-12/30/2024 Open-Appraiser to confirm subject is a PUD. Title shows no PUD endorsement and there is no HOA fee. - Due Diligence Vendor-12/26/2024 |
Resolved-Subject is a PUD and verified Appraiser commented that the subject has no HOA fee dues. - Due Diligence Vendor-12/31/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660 / Borrower FICO 798 LTV is less than guideline maximum - Max LTV 70% / Subject LTV 64.99% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3087792 | |||
| XXXX | 476854 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2024-12-26 14:09 | 2024-12-26 15:53 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 Open-Housing History Does Not Meet Guideline Requirements Missing 6 months proof of payment for private mortgage, borrower pays cash. - Due Diligence Vendor-12/26/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660 / Borrower FICO 798 LTV is less than guideline maximum - Max LTV 70% / Subject LTV 64.99% |
12+ months reserves over guidelines. FICO 100+ pts >guidelines. Borrower is an experienced investor with a long verified history of satisfactory mortgage payments. Borrower has invested in rebuilding subject property since purchase. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 3086672 | ||
| XXXX | 476855 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE6844 | 2024-12-26 14:10 | 2025-01-21 11:25 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Received proof of Gift Wire. - Due Diligence Vendor-01/21/2025 Ready for Review-Document Uploaded. - Seller-01/19/2025 Counter-Gift Letter receive, please provide the wire to the Title to support amount of Gifts funds used to qualify. - Due Diligence Vendor-01/17/2025 Ready for Review-Document Uploaded. - Seller-01/16/2025 Open-Gift letter does not reflect specific dollar amount of gift required by guidelines. The gift letter states "Cash to Close" - Due Diligence Vendor-12/26/2024 |
Ready for Review-Document Uploaded. - Seller-01/19/2025 Ready for Review-Document Uploaded. - Seller-01/16/2025 |
Resolved-Received proof of Gift Wire. - Due Diligence Vendor-01/21/2025 |
Months Reserves exceed minimum required - Guidelines require 2 months of reserves. Qualifying reserves are 13 months. Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 640 credit score. Qualifying credit score is 773. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3086688 | |
| XXXX | 476855 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2024-12-26 14:09 | 2025-01-06 12:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-After re-review application date is XXXX, XXXX days. - Due Diligence Vendor-01/06/2025 Ready for Review-Application Date was XXXX payment is current ( 45 days) XXXX - XXXX - Buyer-01/02/2025 Open-Housing History Does Not Meet Guideline Requirements Missing recent 12 month hosing history for B1 primary home. Credit report shows last payment made XXXX. - Due Diligence Vendor-12/26/2024 |
Resolved-After re-review application date is XXXX, XXXX days. - Due Diligence Vendor-01/06/2025 | Months Reserves exceed minimum required - Guidelines require 2 months of reserves. Qualifying reserves are 13 months. Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 640 credit score. Qualifying credit score is 773. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3086658 | |||
| XXXX | 476855 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8013 | 2024-12-26 10:59 | 2024-12-30 10:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | Purchase Contract Issue | Resolved-Received page 2 of the contract disclosing 3% concessions. - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. page 2 of purchase contract shows 3% of seller concessions. There is no addendum. - Seller-12/26/2024 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing seller concessions addendum. - Due Diligence Vendor-12/26/2024 |
Ready for Review-Document Uploaded. page 2 of purchase contract shows 3% of seller concessions. There is no addendum. - Seller-12/26/2024 |
Resolved-Received page 2 of the contract disclosing 3% concessions. - Due Diligence Vendor-12/30/2024 |
Months Reserves exceed minimum required - Guidelines require 2 months of reserves. Qualifying reserves are 13 months. Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 640 credit score. Qualifying credit score is 773. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3084083 | |
| XXXX | 476855 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1143 | 2024-12-26 10:59 | 2024-12-26 15:52 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Builder in Control of the HOA | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 Open-Builder is in control of HOA Lender exception provided for HOA being controlled by developer. - Due Diligence Vendor-12/26/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 |
Months Reserves exceed minimum required - Guidelines require 2 months of reserves. Qualifying reserves are 13 months. Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 640 credit score. Qualifying credit score is 773. |
FICO 20+ points above guidelines LTV: 68.43%; Mortgage history 0x30 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 3084082 | ||
| XXXX | 476857 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 476859 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 479078 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2024-12-26 14:06 | 2024-12-26 15:50 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/26/2024 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-12/26/2024 |
Qualifying DTI below maximum allowed - DTI ratio 21.1%, 50% max LTV is less than guideline maximum - LTV 53.63%, 80% max |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3086636 | |||
| XXXX | 479080 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 479592 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1492 | 2024-12-31 10:47 | 2024-12-31 11:20 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/31/2024 Open-Cash Out Does Not Meet Guideline Requirements Lender exception provided to allow cash out for non permanent resident with less than years residency in XXXX. Per guides borrowers must have resided in the US for at least the most recent 2 years. - Due Diligence Vendor-12/31/2024 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/31/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 40.64% is lower than the guideline max of 50%. LTV is less than guideline maximum - Qualifying LTV 70% is lower than guideline max of 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 746 is more than 20 points higher than the guideline minimum 660. Months Reserves exceed minimum required - No reserves required at this LTV and borrower has 99 months. |
DTI less than 43% Long Term Employment Minimal Consumer Debt FICO more than 10 points above requirement |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3112142 | ||
| XXXX | 479594 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 480794 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 480795 | XXXX | D | B | D | B | A | A | A | A | Closed | FPRO9999 | 2025-01-03 18:50 | 2025-01-13 14:10 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project has pending litigation | Waived--Client exception granted. Litigation is not related to subject unit, borrower or result in any health/safety concerns. HOA insurer is representing litigation. Waiver applied to non-material findning. - Due Diligence Vendor-01/13/2025 Ready for Review-Exception have been granted with valid compensating factors. - Buyer-01/13/2025 Counter-Litigation documents provided. Please provide a client approved exception in order for us to clear this finding. - Due Diligence Vendor-01/08/2025 Ready for Review-Document Uploaded. All 3 case numbers, letters from attorney meeting guideline requirement. - Buyer-01/06/2025 Open-3 cases; 1. Court Case No. XXXX 2. Court Case No. XXXX 3. Case No.: XXXX- Due Diligence Vendor-01/03/2025 |
Waived--Client exception granted. Litigation is not related to subject unit, borrower or result in any health/safety concerns. HOA insurer is representing litigation. Waiver applied to non-material findning. - Due Diligence Vendor-01/13/2025 |
Months Reserves exceed minimum required - 198 months vs. 6 required Qualifying DTI below maximum allowed - 8% vs. 50% max |
Qualifying DTI below the maximum allowed, reserves exceed minimum required. | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 3138154 | |
| XXXX | 480795 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1180 | 2025-01-03 17:15 | 2025-01-08 12:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | HO-6 Insurance Policy is Missing | Resolved-Received HO-6 Insurance Policy - Due Diligence Vendor-01/08/2025 Ready for Review-Document Uploaded. - Buyer-01/06/2025 Open-HO-6 Insurance Policy is Missing - Due Diligence Vendor-01/03/2025 |
Resolved-Received HO-6 Insurance Policy - Due Diligence Vendor-01/08/2025 |
Months Reserves exceed minimum required - 198 months vs. 6 required Qualifying DTI below maximum allowed - 8% vs. 50% max |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3137672 | ||
| XXXX | 480797 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-01-04 08:48 | 2025-01-06 09:29 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/06/2025 Open-Audited LTV of 85% exceeds Guideline LTV of 80% Lender Exception for 5% LTV exception. First time homebuyers with less than 12 months rental history is capped at 80% LTV - Due Diligence Vendor-01/06/2025 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/06/2025 | Months Reserves exceed minimum required - 9.65 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 702; minimum 660. |
DTI less than 40% FICO more than 40 points above guideline requirement Residual income more than 2 times more than guideline requirement |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3139009 | ||
| XXXX | 480798 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1506 | 2025-01-06 09:21 | 2025-01-21 12:13 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Paystub was provided dated XXXX, therefore, the VVOE is no longer required - Due Diligence Vendor-01/21/2025 Counter-Please provide VOE within 10 days of Note date stating the borrower is still employed. - Due Diligence Vendor-01/21/2025 Ready for Review-Other condition has 2 years W2's and part of this condition and resolved. - Seller-01/13/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan; missing documentation to support employment income for prior 2 years. - Due Diligence Vendor-01/06/2025 |
Ready for Review-Other condition has 2 years W2's and part of this condition and resolved. - Seller-01/13/2025 |
Resolved-Paystub was provided dated XXXX, therefore, the VVOE is no longer required - Due Diligence Vendor-01/21/2025 | Qualifying FICO score is at least 20 points above minimum for program - FICO 745 is higher than program minimum 660 Qualifying DTI below maximum allowed - DTI 30.95% less than 50% Max Allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3142525 | ||
| XXXX | 480798 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1507 | 2025-01-06 09:21 | 2025-01-21 12:13 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-Paystub was provided dated XXXX, therefore, the VVOE is no longer required - Due Diligence Vendor-01/21/2025 Counter-Please provide VOE within 10 days of Note date stating the borrower is still employed. - Due Diligence Vendor-01/21/2025 Ready for Review-Other condition has 2 years W2's and part of this condition and resolved. - Buyer-01/13/2025 Open-Missing documentation to support 2 years employment with current employer; included in other findings. - Due Diligence Vendor-01/06/2025 |
Resolved-Paystub was provided dated XXXX, therefore, the VVOE is no longer required - Due Diligence Vendor-01/21/2025 | Qualifying FICO score is at least 20 points above minimum for program - FICO 745 is higher than program minimum 660 Qualifying DTI below maximum allowed - DTI 30.95% less than 50% Max Allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3142526 | |||
| XXXX | 480798 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1347 | 2025-01-04 11:45 | 2025-01-21 12:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Paystub was provided dated XXXX, therefore, the VVOE is no longer required - Due Diligence Vendor-01/21/2025 Counter-Please provide VOE within 10 days of Note date stating the borrower is still employed. - Due Diligence Vendor-01/21/2025 Ready for Review-Document Uploaded. Paystub within the required time frame of closing. - Seller-01/08/2025 Open-Missing VVOE forB2 dated within 10 days of closing. - Due Diligence Vendor-01/06/2025 |
Ready for Review-Document Uploaded. Paystub within the required time frame of closing. - Seller-01/08/2025 |
Resolved-Paystub was provided dated XXXX, therefore, the VVOE is no longer required - Due Diligence Vendor-01/21/2025 | Qualifying FICO score is at least 20 points above minimum for program - FICO 745 is higher than program minimum 660 Qualifying DTI below maximum allowed - DTI 30.95% less than 50% Max Allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3139220 | |
| XXXX | 480798 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1348 | 2025-01-06 09:40 | 2025-01-13 15:02 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 2 Total Years Employment Verified is Less Than 24 Months | Resolved-Borrower 2 Total Years Employment Verified is Greater Than or Equal To 24 Months or Not Applicable (Borrower 2 Employment Status is Employed and Number of Borrowers equals 2) - Due Diligence Vendor-01/13/2025 Ready for Review-Other condition has 2 years W2's and part of this condition and resolved. - Buyer-01/13/2025 Open-Missing documentation to support Borrower2 2 year employment history. - Due Diligence Vendor-01/06/2025 |
Resolved-Borrower 2 Total Years Employment Verified is Greater Than or Equal To 24 Months or Not Applicable (Borrower 2 Employment Status is Employed and Number of Borrowers equals 2) - Due Diligence Vendor-01/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 745 is higher than program minimum 660 Qualifying DTI below maximum allowed - DTI 30.95% less than 50% Max Allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3142696 | |||
| XXXX | 480798 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1358 | 2025-01-06 09:40 | 2025-01-13 15:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 W2/1099 Missing | Resolved-Received Borrower 2 W2 - Due Diligence Vendor-01/21/2025 Ready for Review-Document Uploaded. - Buyer-01/08/2025 Open-Missing 2023 and 2022 W-2 for B2. - Due Diligence Vendor-01/06/2025 |
Resolved-Received Borrower 2 W2 - Due Diligence Vendor-01/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 745 is higher than program minimum 660 Qualifying DTI below maximum allowed - DTI 30.95% less than 50% Max Allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3142697 | ||
| XXXX | 480798 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE7805 | 2025-01-06 09:57 | 2025-01-13 14:56 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Missing Income - Bank Statements | Waived--Client exception granted for utilizing 3 months statements up until time of application vs time of closing. Waiver applied with compensating factors to non-material finding. - Due Diligence Vendor-01/13/2025 Ready for Review-Exception to waive XXXX. statement, file contains 3 months. - Seller-01/13/2025 Open-Missing XXXX asset statement ending in XXXX used for Asset Utilization; guidelines require most recent 3 months. - Due Diligence Vendor-01/06/2025 |
Ready for Review-Exception to waive XXXX. statement, file contains 3 months. - Seller-01/13/2025 | Waived--Client exception granted for utilizing 3 months statements up until time of application vs time of closing. Waiver applied with compensating factors to non-material finding. - Due Diligence Vendor-01/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 745 is higher than program minimum 660 Qualifying DTI below maximum allowed - DTI 30.95% less than 50% Max Allowed |
Qualifying DTI below the maximum allowed for program, & Qualifying FICO score is at least 20 points or more above the minimum required for program. | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Investor Post-Close | No | 3142862 | |
| XXXX | 480799 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2024-12-30 15:32 | 2025-01-14 14:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received Copy of XXXX check to borrower, post-close CD, LOE and XXXX tracking number. - Due Diligence Vendor-01/14/2025 Ready for Review-Document Uploaded. Copy of XXXX check to borrower, post-close CD, LOE and FedEx tracking number. Please let me know if anything else is needed. Thank you! - Buyer-01/13/2025 Open-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 XXXX.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). Zero (0%) tolerance fees increased by XXXX (Appraisal Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. SOL; XXXX - Due Diligence Vendor-12/30/2024 |
Resolved-Received Copy of XXXX check to borrower, post-close CD, LOE and XXXX tracking number. - Due Diligence Vendor-01/14/2025 | Months Reserves exceed minimum required - 0 mths reserves - Borrower has over 7 mths Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 FICO- Borrower's FICO 706 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3106462 | ||
| XXXX | 480799 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE5782 | 2025-01-04 13:57 | 2025-01-08 12:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Upon further review, the Gap Report was located in the original file, nothing further required. - Due Diligence Vendor-01/08/2025 Ready for Review-Its on the DRIVE report (Fraud Report) under the undisclosed debt monitoring. Should be pulled on XXXX and note date is XXXX. - Buyer-01/06/2025 Open-Borrower 1 Gap Credit Report is Missing Provide the Gap Credit Report dated within 10 days of the Note Date. - Due Diligence Vendor-01/04/2025 |
Resolved-Upon further review, the Gap Report was located in the original file, nothing further required. - Due Diligence Vendor-01/08/2025 |
Months Reserves exceed minimum required - 0 mths reserves - Borrower has over 7 mths Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 FICO- Borrower's FICO 706 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3139375 | |||
| XXXX | 480800 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 488150 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 488152 | XXXX | C | B | C | A | C | B | A | A | Closed | FCRE0008 | 2025-01-08 10:42 | 2025-01-29 16:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty Discrepancy | Resolved--LOX and proof of delivery to borrower provided confirming there is no intended prepayment penalty and the loan is not being serviced with such. - Due Diligence Vendor-01/29/2025 Counter--LOX confirming prepayment is not enforceable and will not be applicable provided along with XXXX tracking. Tracking # does not reflect letter has been sent to borrower yet. Once received finding can be resolved. - Due Diligence Vendor-01/28/2025 Ready for Review-Document Uploaded. LOX & Tracking uploaded - Seller-01/27/2025 Counter-Document state if the loan is paid in full within 6 months the borrower will pay XXXX of the original principle balance. Finding remains. - Due Diligence Vendor-01/14/2025 Ready for Review-This is not pre payment penalty this is compensation for the origination of the loan if paid off early. - Seller-01/10/2025 Open-There is no prepayment penalty rider, and prepayment penalties are not allowed on primary purchase. However, there is an executed prepayment penalty notice in the file indicating XXXX penalty if paid within the first 6 months (pg 226). - Due Diligence Vendor-01/08/2025 |
Ready for Review-Document Uploaded. LOX & Tracking uploaded - Seller-01/27/2025 Ready for Review-This is not pre payment penalty this is compensation for the origination of the loan if paid off early. - Seller-01/10/2025 |
Resolved--LOX and proof of delivery to borrower provided confirming there is no intended prepayment penalty and the loan is not being serviced with such. - Due Diligence Vendor-01/29/2025 |
Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 48 months. Qualifying DTI below maximum allowed - Qualifying DTI 32.37 is lower than the guideline max of 50. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3162786 | |
| XXXX | 488152 | XXXX | C | B | C | A | C | B | A | A | Closed | FCOM1978 | 2025-01-03 05:25 | 2025-01-09 11:54 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Received Intent to Proceed dated XXXX. - Due Diligence Vendor-01/09/2025 Ready for Review-Document Uploaded. ITP uploaded, please let me know if there is anything else needed to clear the finding. Thank you! - Buyer-01/08/2025 Open------NO ITP in file, POC fees on final CD . - Due Diligence Vendor-01/03/2025 |
Resolved-Received Intent to Proceed dated XXXX. - Due Diligence Vendor-01/09/2025 | Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 48 months. Qualifying DTI below maximum allowed - Qualifying DTI 32.37 is lower than the guideline max of 50. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3129343 | ||
| XXXX | 488152 | XXXX | C | B | C | A | C | B | A | A | Closed | finding-3634 | 2025-01-03 05:10 | 2025-01-08 12:27 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved------Zero (0%) tolerance fees increased by XXXX (Appraisal Fee and Condo Questionnaire Fee) without a valid COC in file. However there is a lender credit for fee above legal limit on Final Cd 12/26/24 in the amount of $81.00. Resolved - Due Diligence Vendor-01/08/2025 Open-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 XXXX.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-01/08/2025 |
Resolved------Zero (0%) tolerance fees increased by XXXX (Appraisal Fee and Condo Questionnaire Fee) without a valid COC in file. However there is a lender credit for fee above legal limit on Final Cd XXXX in the amount of XXXX. Resolved - Due Diligence Vendor-01/08/2025 | Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 48 months. Qualifying DTI below maximum allowed - Qualifying DTI 32.37 is lower than the guideline max of 50. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3129289 | |||
| XXXX | 488152 | XXXX | C | B | C | A | C | B | A | A | Closed | FCOM5135 | 2025-01-03 08:34 | 2025-01-03 08:34 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/03/2025 | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/03/2025 |
Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 48 months. Qualifying DTI below maximum allowed - Qualifying DTI 32.37 is lower than the guideline max of 50. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3130286 | |||
| XXXX | 489249 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 489251 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2025-01-10 05:58 | 2025-01-15 10:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received post close WVOE. - Due Diligence Vendor-01/15/2025 Ready for Review-Document Uploaded. Exception approved for Verbal VVOE after note / closing date. - Buyer-01/13/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing VVOE. - Due Diligence Vendor-01/10/2025 |
Resolved-Received post close WVOE. - Due Diligence Vendor-01/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 801. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 21.57 months. |
FICO score 20 points above minimum for program, reserves exceed minimum required. | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3178861 | |
| XXXX | 489252 | XXXX | C | B | C | B | B | B | C | B | Closed | FVAL9739 | 2025-01-10 11:50 | 2025-01-27 11:14 | Waived | 2 - Non-Material | C | B | Property | Appraisal | Property/Appraisal General | Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-01/27/2025 Ready for Review-Exception approved for no comments on appraisal for recent FEMA disaster. Appraisal date after event and evidence of no damage. - Buyer-01/27/2025 Open-Appraisal is missing comments that property was not impacted by recent FEMA disasters. - Due Diligence Vendor-01/10/2025 |
Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-01/27/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 3.57%; max 50% Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income XXXX; minimum required $2500 |
Qualifying DTI below the maximum allowed Residual income = / 1.5 times XXXX monthly income. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3182415 | ||
| XXXX | 489252 | XXXX | C | B | C | B | B | B | C | B | Closed | FCRE6618 | 2025-01-10 11:23 | 2025-01-27 11:12 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-guidelines require 12 months housing verification. - Due Diligence Vendor-01/27/2025 Open-1003 reflects borrower has been residing at current residence for 2 years. Per VOR in file borrower has been at the residence for less than 2 years starting XXXX. Missing 2 year complete address history - Due Diligence Vendor-01/10/2025 |
Resolved-guidelines require 12 months housing verification. - Due Diligence Vendor-01/27/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 3.57%; max 50% Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income XXXX; minimum required $2500 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3182052 | |||
| XXXX | 489252 | XXXX | C | B | C | B | B | B | C | B | Closed | FCRE1198 | 2025-01-10 12:04 | 2025-01-27 11:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Deposit into borrower's business account, which is acceptable. - Due Diligence Vendor-01/27/2025 Open-Audited Reserves of 0.64 month(s) are less than Guideline Required Reserves of 6 month(s). Ineligible unsecured loan from XXXX with deposited proceeds of XXXX into the business checking account was backed out of available funds. - Due Diligence Vendor-01/10/2025 |
Resolved-Deposit into borrower's business account, which is acceptable. - Due Diligence Vendor-01/27/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 3.57%; max 50% Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income XXXX; minimum required $2500 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3182667 | |||
| XXXX | 489252 | XXXX | C | B | C | B | B | B | C | B | Closed | FCRE9488 | 2025-01-10 11:24 | 2025-01-27 10:53 | Resolved | 1 - Information | A | A | Credit | Borrower | Potential Occupancy/Current Address Issues identified in the file | Resolved-After further review, deposit is from husband and not borrowers father. Borrowers have "Pet" names for each other. This condition has been resolved - Due Diligence Vendor-01/27/2025 Open-Potential straw buyer. Borrower letter of explanation in file that fiancé was originally going on title but was removed. Business bank statements reflect a deposit from the fiancé on XXXX with deposit details referring to the borrower as her father. Business bank statements also show a deposit on XXXX from another individual with details stating "Home Down Payment". - Due Diligence Vendor-01/10/2025 |
Resolved-After further review, deposit is from husband and not borrowers father. Borrowers have "Pet" names for each other. This condition has been resolved - Due Diligence Vendor-01/27/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 3.57%; max 50% Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income XXXX; minimum required $2500 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3182062 | |||
| XXXX | 489252 | XXXX | C | B | C | B | B | B | C | B | Closed | FCRE1317 | 2025-01-10 11:42 | 2025-01-10 12:54 | Waived | 2 - Non-Material | B | B | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-01/10/2025 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months Borrower has been self-employed for less than 2 years. Exception in file. - Due Diligence Vendor-01/10/2025 |
Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-01/10/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 3.57%; max 50% Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income XXXX; minimum required $2500 |
-Reserves 4> guidelines -Residual income 2.5xguidelines -3.57% DTI -Locked with escrows |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3182312 | ||
| XXXX | 489252 | XXXX | C | B | C | B | B | B | C | B | Closed | FCOM5135 | 2025-01-06 13:17 | 2025-01-06 14:49 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/06/2025 | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/06/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 3.57%; max 50% Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income XXXX; minimum required $2500 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3146092 | |||
| XXXX | 489254 | XXXX | C | B | A | A | A | A | C | B | Closed | FPRO0012 | 2025-01-10 08:30 | 2025-03-06 13:31 | Waived | 2 - Non-Material | B | B | Property | Property | FEMA disaster declared PUBLIC ONLY | Waived-Client waiver applied to non material finding with comp factors. - Due Diligence Vendor-01/10/2025 XXXX Incident Period: XXXX - XXXX XXXX Incident Period: XXXX - Due Diligence Vendor-01/10/2025 |
Waived-Client waiver applied to non material finding with comp factors. - Due Diligence Vendor-01/10/2025 |
Months Reserves exceed minimum required - 62.03 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 793, minimum score 660. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 3179637 | |||
| XXXX | 489254 | XXXX | C | B | A | A | A | A | C | B | Closed | FPRO0011 | 2025-01-10 08:30 | 2025-01-17 10:48 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Upon further review, the appraisal comments are located in original file (page 474), nothing further required. - Due Diligence Vendor-01/17/2025 Ready for Review-Exception Approved for no change in valuation comment, comment already listed on appraisal no adverse effect. Appraisal dated after event and noted no damage or condition change to property. - Buyer-01/16/2025 Open-XXXX XXXX Incident Period: XXXX The appraiser must comment on the adverse event and certify that there has been no change in the valuation. - Due Diligence Vendor-01/10/2025 |
Resolved-Upon further review, the appraisal comments are located in original file (XXXX), nothing further required. - Due Diligence Vendor-01/17/2025 | Months Reserves exceed minimum required - 62.03 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 793, minimum score 660. |
FICO Score is at least 20 points above the minimum for program, & months reserves exceed minimum required. | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3179636 | ||
| XXXX | 489255 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1181 | 2025-01-09 18:38 | 2025-01-17 10:17 | Resolved | 1 - Information | C | A | Credit | Insurance | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Resolved-Upon further review Notice of Special Flood Hazard Disclosure was in the file. Nothing further required. - Due Diligence Vendor-01/14/2025 Open-Subject Property is in Flood Zone XXXX but Notice of Special Flood Hazard Disclosure was not provided Provide the Special Flood Hazard Disclosure. - Due Diligence Vendor-01/09/2025 |
Resolved-Upon further review Notice of Special Flood Hazard Disclosure was in the file. Nothing further required. - Due Diligence Vendor-01/14/2025 |
LTV is less than guideline maximum - Max LTV 75%- Borrower's LTV is 56.59% Months Reserves exceed minimum required - 6 mths reserves req'd- Borrower has 23.52- 6mths = 17.52 mths available |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3177559 | |||
| XXXX | 489255 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE8201 | 2025-01-10 12:42 | 2025-01-17 10:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Received LOE from the borrower. Borrower is currently looking for a new Primary. - Due Diligence Vendor-01/17/2025 Ready for Review-Document Uploaded. There is LOE in file, since primary they have to occupy for at least one year they decided to do investment due to the intentions to possibly move within the next year. - Buyer-01/16/2025 Counter-Loan was approved as an investment refinance, however the borrower is residing in the subject as a primary residence. - Due Diligence Vendor-01/15/2025 Ready for Review-Subject is investment property. Signed occupancy cert in file for investment. - Buyer-01/14/2025 Open-Signed Business Purpose Disclosure in file on a Primary home. - Due Diligence Vendor-01/10/2025 |
Resolved-Received LOE from the borrower. Borrower is currently looking for a new Primary. - Due Diligence Vendor-01/17/2025 |
LTV is less than guideline maximum - Max LTV 75%- Borrower's LTV is 56.59% Months Reserves exceed minimum required - 6 mths reserves req'd- Borrower has 23.52- 6mths = 17.52 mths available |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3183489 | ||
| XXXX | 489255 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-01-14 11:42 | 2025-01-14 11:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - Due Diligence Vendor-01/14/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. - Due Diligence Vendor-01/14/2025 |
Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - Due Diligence Vendor-01/14/2025 |
LTV is less than guideline maximum - Max LTV 75%- Borrower's LTV is 56.59% Months Reserves exceed minimum required - 6 mths reserves req'd- Borrower has 23.52- 6mths = 17.52 mths available |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3202376 | |||
| XXXX | 492772 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7347 | 2025-01-13 21:36 | 2025-01-23 12:04 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-DSCR calc in the loan file - Due Diligence Vendor-01/23/2025 Counter-Lease not required on a STR. However provide an DSCR calculation worksheet with the exact a rent income used to qualify, reflecting the following due to short term-Gross rents reduced by 10% to reflect extraordinary costs (i.e., advertising, furnishings, cleaning) associated with operating short-term rental property compared to non-short-term property. - Due Diligence Vendor-01/23/2025 Open-Lease agreement required for subject property on refinance transaction. - Due Diligence Vendor-01/14/2025 |
Resolved-DSCR calc in the loan file - Due Diligence Vendor-01/23/2025 |
LTV is less than guideline maximum - LTV 65% is less then the guideline maximum minimum 70%. Months Reserves exceed minimum required - 20 months reserves; 2 months reserve required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3198188 | |||
| XXXX | 492772 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0044 | 2025-01-13 21:15 | 2025-01-23 10:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Upon further review, nothing further required. LOX for credit inquiries is not applicable for DSCR. - Due Diligence Vendor-01/23/2025 Open-LOX for credit inquiries is missing. Missing LOX for credit inquiries. - Due Diligence Vendor-01/14/2025 |
Resolved-Upon further review, nothing further required. LOX for credit inquiries is not applicable for DSCR. - Due Diligence Vendor-01/23/2025 |
LTV is less than guideline maximum - LTV 65% is less then the guideline maximum minimum 70%. Months Reserves exceed minimum required - 20 months reserves; 2 months reserve required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3198154 | |||
| XXXX | 492773 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2025-01-15 12:29 | 2025-01-23 10:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Upon further review, the green card in file is sufficient (back is not required), nothing further required. - Due Diligence Vendor-01/23/2025 Open-Borrower Citizenship Documentation Is Missing Missing a copy of the back of the borrower's Permanent Resident card - Due Diligence Vendor-01/15/2025 |
Resolved-Upon further review, the green card in file is sufficient (back is not required), nothing further required. - Due Diligence Vendor-01/23/2025 | Months Reserves exceed minimum required - 5.29 months of reserves; 2 months required. LTV is less than guideline maximum - LTV of 60% is lower than maximum 75%. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3211493 | |||
| XXXX | 492773 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7347 | 2025-01-15 12:37 | 2025-01-23 10:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Upon further review, Lower rent from XXXX was used to qualify , nothing further required. - Due Diligence Vendor-01/23/2025 Open-Missing lease agreement on subject property reflecting the correct address (lease provided is off by one number) - Due Diligence Vendor-01/15/2025 |
Resolved-Upon further review, Lower rent from XXXXwas used to qualify , nothing further required. - Due Diligence Vendor-01/23/2025 | Months Reserves exceed minimum required - 5.29 months of reserves; 2 months required. LTV is less than guideline maximum - LTV of 60% is lower than maximum 75%. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3211690 | |||
| XXXX | 496226 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE1248 | 2025-01-16 12:29 | 2025-01-16 12:50 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/16/2025 Open-XXXX Not Allowed for Program Exception Approved: To allow XXXX - Due Diligence Vendor-01/16/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680 for MH, borrowers mid score is 733 DSCR % greater than 1.20 - DSCR 1.36% |
-DSCR % > 1.20 -FICO > 20 points for program |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3222134 | ||
| XXXX | 500223 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 500624 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 502144 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 502316 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-3634 | 2025-01-22 14:15 | 2025-01-30 08:27 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received evidence of delivery 1/13/2025, finding resolved. - Due Diligence Vendor-01/30/2025 Ready for Review-Document Uploaded. Please see attached Audit Trail and e-mail sent to borrower. - Seller-01/28/2025 Counter-Received XXXX and COC disclosing the increase in Loan Amount points. However, the CD is not signed and there is no disclosure tracking with it. Please provide proof of delivery to borrower. - Due Diligence Vendor-01/28/2025 Ready for Review-Document Uploaded. Please see attached CIC showing a XXXX increase resulting from a Lock Extension. - Seller-01/27/2025 Open-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 XXXX. 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). Zero (XXXX) tolerance fees increased by XXXX (discount points) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount o fXXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/22/2025 |
Ready for Review-Document Uploaded. Please see attached Audit Trail and e-mail sent to borrower. - Seller-01/28/2025 Ready for Review-Document Uploaded. Please see attached CIC showing a XXXXincrease resulting from a Lock Extension. - Seller-01/27/2025 |
Resolved-Received evidence of delivery XXXX, finding resolved. - Due Diligence Vendor-01/30/2025 | Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 721 Months Reserves exceed minimum required - Min reserves 9 mths- Borrower has 24 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3256570 | |
| XXXX | 502316 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2025-01-23 16:04 | 2025-01-28 14:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Modification was due to the extension of a construction maturity date and not due to a credit event. - Due Diligence Vendor-01/28/2025 Ready for Review-We kindly disagree with this finding as the modification was not a result of a Credit Event. Please note that the extension was only for the purpose of extending the Maturity date of the loan being paid off, which is allowed. We ask that this condition be waived. - Seller-01/27/2025 Open-Housing History Does Not Meet Guideline Requirements Loan modification on subject not seasoned 36 months, just occurred XXXX. - Due Diligence Vendor-01/23/2025 |
Ready for Review-We kindly disagree with this finding as the modification was not a result of a Credit Event. Please note that the extension was only for the purpose of extending the Maturity date of the loan being paid off, which is allowed. We ask that this condition be waived. - Seller-01/27/2025 |
Resolved-Modification was due to the extension of a construction maturity date and not due to a credit event. - Due Diligence Vendor-01/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 721 Months Reserves exceed minimum required - Min reserves 9 mths- Borrower has 24 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3271019 | ||
| XXXX | 502321 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 502326 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2025-01-24 09:12 | 2025-01-24 09:13 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Housing History Does Not Meet Guideline Requirements Private mortgage with no cancelled checks to support VOM. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 Open-Housing History Does Not Meet Guideline Requirements Private mortgage with no cancelled checks to support VOM. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 |
Waived-Housing History Does Not Meet Guideline Requirements Private mortgage with no cancelled checks to support VOM. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 |
Months Reserves exceed minimum required - Min reserve requirement is 6 months, borrower has 26.81 documented Qualifying DTI below maximum allowed - Max DTI is 50%, loan is at 26.15% |
24+ mo credit history 5+ years verified employment 4+ years in subject property DTI is more than 5% below max |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3274749 | ||
| XXXX | 502332 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1159 | 2025-01-24 08:08 | 2025-01-29 17:08 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX , but on the disbursement date of XXXX per final CD. - Due Diligence Vendor-01/29/2025 Ready for Review-Document Uploaded. Please see attached copy of the Final CD showing the loan was not disbursed until XXXX; therefore, the policy would have been active when the loan disbursed and when the borrower would have been financially responsible. - Seller-01/28/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Provide proof of Hazard Insurance in effect as of the Note Date XXXX. - Due Diligence Vendor-01/24/2025 |
Ready for Review-Document Uploaded. Please see attached copy of the Final CD showing the loan was not disbursed until XXXX; therefore, the policy would have been active when the loan disbursed and when the borrower would have been financially responsible. - Seller-01/28/2025 | Resolved-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX , but on the disbursement date of XXXX per final CD. - Due Diligence Vendor-01/29/2025 | LTV is less than guideline maximum - Max LTV 80%- Borrower's LTV 64.94% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 650- Borrower's FICO 734 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3274221 | |
| XXXX | 502332 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1491 | 2025-01-24 10:08 | 2025-01-24 10:09 | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Waived-Asset Qualification Does Not Meet Guideline Requirements 6 mo's reserves required when living rent free. Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 Open-Asset Qualification Does Not Meet Guideline Requirements 6 mo's reserves required when living rent free. Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 |
Waived-Asset Qualification Does Not Meet Guideline Requirements 6 mo's reserves required when living rent free. Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 |
LTV is less than guideline maximum - Max LTV 80%- Borrower's LTV 64.94% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 650- Borrower's FICO 734 |
LTV is 10% lower than max. Score is 23 points higher than max DTI is 5% below max 5+ years verified employment history |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3275392 | ||
| XXXX | 502334 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 503496 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1248 | 2025-01-24 10:14 | 2025-01-24 11:02 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Waived-Non-Arm's Length Transactions Not Allowed for Program Exception Request: Non-Arm’s Length Transaction not permitted. Requseting exception to allow Non arms length transaction in accordance with the dscr guide 1.1 updates Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 Open-Non-Arm's Length Transactions Not Allowed for Program Exception Request: Non-Arm’s Length Transaction not permitted. Requseting exception to allow Non arms length transaction in accordance with the dscr guide 1.1 updates - Due Diligence Vendor-01/24/2025 |
Waived-Non-Arm's Length Transactions Not Allowed for Program Exception Request: Non-Arm’s Length Transaction not permitted. Requseting exception to allow Non arms length transaction in accordance with the dscr guide 1.1 updates Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/24/2025 |
Months Reserves exceed minimum required - 3 mths required- Borrowers have 25.86 mths- 3 mths= 22.86 mths Long term residence - Long terms resident at Primary for over 30 yrs and owned Free & Clear |
22 months reserves over minimum requirement, FICO is 20 points above the minimum, 4+ years in primary residence |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3275485 | ||
| XXXX | 503509 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 504259 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1492 | 2025-01-27 13:14 | 2025-02-07 13:11 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator waiver applied to non material finding. Exception to allow cash-out for a XXXX with recent credit events. - Due Diligence Vendor-02/07/2025 Ready for Review-Document Uploaded. - Seller-02/06/2025 Counter-XXXX Non QM- XXXX were used to qualify. Provide a lender exception . - Due Diligence Vendor-01/29/2025 Ready for Review-Document Uploaded. Thank you for pointing out a discrepancy between the previous XXXX and the XXXXx. The XXXX was missing the Cash Out Header which would show that Cash out are allowed for Standard Doc up to, 75% for DTI over 700 and 70% down to a 660 FICO. Please see attached Investor Matrix confirming Loan allowed Cash outs for ITIN Borrower's. - Seller-01/28/2025 Open-Cash Out Does Not Meet Guideline Requirements Provide an Exception to allow Cash Out, since the guidelines state ITIN: Standard Eligibility only (no Recent Event). Standard Eligibility does not allow for Cash Out. - Due Diligence Vendor-01/27/2025 |
Ready for Review-Document Uploaded. - Seller-02/06/2025 Ready for Review-Document Uploaded. Thank you for pointing out a discrepancy between the previous XXXX and the XXXX. The XXXX was missing the Cash Out Header which would show that Cash out are allowed for Standard Doc up to, 75% for DTI over 700 and 70% down to a 660 FICO. Please see attached Investor Matrix confirming Loan allowed Cash outs for ITIN Borrower's. - Seller-01/28/2025 |
Waived-Originator waiver applied to non material finding. Exception to allow cash-out for a XXXX ITIN with recent credit events. - Due Diligence Vendor-02/07/2025 | Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 14.78% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 712 |
Qualifying DTI 5% below maximum allowed Qualifying FICO score is at least 20 points above minimum for program |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3288246 |
| XXXX | 504259 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1151 | 2025-01-27 12:38 | 2025-01-28 07:58 | Waived | 2 - Non-Material | C | B | Credit | Title | Satisfactory Chain of Title not Provided | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/28/2025 Open-Unsatisfactory Chain of Title provided. Subject has been vested in borrower's corporation (90% ownership per CPA letter) since XXXX but borrower wants to grant deed and fund concurrently in borrower's individual name. Exception required as borrower lacks 3 months title seasoning. Seeking an exception to waive 3 months title seasoning required to do a cash out - Due Diligence Vendor-01/27/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/28/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 14.78% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 712 |
DTI is extremely low at 14% , 5+ years verified employment history exceeds guidelines Years on Job 5 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3287809 | ||
| XXXX | 504800 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1498 | 2025-01-28 09:10 | 2025-01-28 09:35 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Waived-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Need 12 mo look back history for STR. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-01/28/2025 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Need 12 mo look back history for STR Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-01/28/2025 |
Waived-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Need 12 mo look back history for STR. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-01/28/2025 |
Months Reserves exceed minimum required - 109.32 Months Reserves exceed minimum required of 3 months. Qualifying FICO score is at least 20 points above minimum for program - 733 Qualifying FICO score is at least 20 points above minimum for program of 640. |
Reserves > 3 mo's. Score is 20 points higher |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 3294884 | ||
| XXXX | 504804 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-01-27 10:57 | 2025-01-27 11:20 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator Waiver applied with comp factors. - Due Diligence Vendor-01/27/2025 Open-Loan does not conform to program guidelines due to [ Delayed Financing - 180 days seasoning required ] - lender exception on file to allow 3 months seasoning instead of 6 months for delayed financing. - Due Diligence Vendor-01/27/2025 |
Waived-Originator Waiver applied with comp factors. - Due Diligence Vendor-01/27/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.03 is above the minimum required DSCR of 1.0 LTV is less than guideline maximum - LTV 64%; max 75%. |
4+ years in primary residence 24+ month credit history exceeds minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3286318 | ||
| XXXX | 504806 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE7011 | 2025-01-28 11:13 | 2025-01-28 12:18 | Waived | 2 - Non-Material | C | B | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Waived-Originator Waiver applied with comp factors. - Due Diligence Vendor-01/28/2025 Open-Rent Loss Coverage is Insufficient or Missing. Rent Loss Coverage is Insufficient - 6 month rent loss coverage is required. Exception approval on file to proceed with current rent loss coverage of XXXX vs required XXXX. - Due Diligence Vendor-01/28/2025 |
Waived-Originator Waiver applied with comp factors. - Due Diligence Vendor-01/28/2025 |
LTV is less than guideline maximum - 73% vs. 80% max Months Reserves exceed minimum required - 10 available vs. 6 required |
FICO 20+ points above min. 3 + months reserves above min. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 3296684 | ||
| XXXX | 504872 | XXXX | D | B | D | B | A | A | C | B | Closed | FCRE1198 | 2025-01-28 18:09 | 2025-02-24 17:06 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator provided a waiver allowing 2.32 months reserves in lieu of required 6 months, applied to non material finding with comp factors - Due Diligence Vendor-02/24/2025 Ready for Review-Document Uploaded. - Seller-02/21/2025 Counter-$8,533.33* 10% = $853.33. Borrower is saving $446.05 monthly. Finding remains. - Due Diligence Vendor-02/10/2025 Ready for Review-We kindly disagree; please note that XXXX allows for reserves to be waived if there is a 10%+ decrease in the P&I payment. Please note that if the current mortgage is fully amortized for the life of the loan, the decrease in P&I is substantially higher than 10%. Therefore we ask that this condition please be cleared. - Seller-02/07/2025 Open-Audited Reserves of 2.32 month(s) are less than Guideline Required Reserves of 6 month(s) 6 Months required in reserves $XXX. Borrowers cash to close is $39,829.26. - Due Diligence Vendor-01/28/2025 |
Ready for Review-Document Uploaded. - Seller-02/21/2025 Ready for Review-We kindly disagree; please note that XXXX allows for reserves to be waived if there is a 10%+ decrease in the P&I payment. Please note that if the current mortgage is fully amortized for the life of the loan, the decrease in P&I is substantially higher than 10%. Therefore we ask that this condition please be cleared. - Seller-02/07/2025 |
Waived-Originator provided a waiver allowing 2.32 months reserves in lieu of required 6 months, applied to non material finding with comp factors - Due Diligence Vendor-02/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower credit score is 720; guideline minimum is 680. LTV is less than guideline maximum - LTV is 80%; guideline allows 85%. |
Qualifying dti 5% below max; 5+ years verified employment exceeding guidelines. | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 3302184 |
| XXXX | 504872 | XXXX | D | B | D | B | A | A | C | B | Closed | FCRE1204 | 2025-01-28 17:04 | 2025-02-10 17:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Received Fraud report with cleared alerts. - Due Diligence Vendor-02/10/2025 Ready for Review-Document Uploaded. Please see Final XXXX Report showing a 1000 score. - Seller-02/06/2025 Open-Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-01/28/2025 |
Ready for Review-Document Uploaded. Please see Final XXXX Report showing a 1000 score. - Seller-02/06/2025 | Resolved-Received Fraud report with cleared alerts. - Due Diligence Vendor-02/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower credit score is 720; guideline minimum is 680. LTV is less than guideline maximum - LTV is 80%; guideline allows 85%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3301698 | |
| XXXX | 504872 | XXXX | D | B | D | B | A | A | C | B | Closed | FCRE1316 | 2025-01-28 17:50 | 2025-02-10 17:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Upon further review, loan file contains sufficient employment verification for self employment. - Due Diligence Vendor-02/10/2025 Ready for Review-Please note that per the XXX Guide; a Verbal VOE is only required for Wage/Salary Borrower's, Self Employed (Qualifying as Full Doc), and the WVOE Program. A VVOE is not required for the P&L Program used to qualify the subject loan. - Seller-02/06/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing 3rd Party VOE Prior to close. - Due Diligence Vendor-01/28/2025 |
Ready for Review-Please note that per the XXXX Guide; a Verbal VOE is only required for Wage/Salary Borrower's, Self Employed (Qualifying as Full Doc), and the WVOE Program. A VVOE is not required for the P&L Program used to qualify the subject loan. - Seller-02/06/2025 | Resolved-Upon further review, loan file contains sufficient employment verification for self employment. - Due Diligence Vendor-02/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower credit score is 720; guideline minimum is 680. LTV is less than guideline maximum - LTV is 80%; guideline allows 85%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3302050 | ||
| XXXX | 504872 | XXXX | D | B | D | B | A | A | C | B | Closed | FPRO0011 | 2025-01-28 17:33 | 2025-01-29 17:44 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Post disaster inspection provided in file- XXXX- condition resolved. - Due Diligence Vendor-01/29/2025 Open-XXXX Incident Period: XXXX and continuing Major Disaster Declaration declared on XXXX XXXX Post Disaster in file dated XXXX. - Due Diligence Vendor-01/28/2025 |
Resolved-Post disaster inspection provided in file- no damages due to the XXXX- condition resolved. - Due Diligence Vendor-01/29/2025 | Qualifying FICO score is at least 20 points above minimum for program - Borrower credit score is 720; guideline minimum is 680. LTV is less than guideline maximum - LTV is 80%; guideline allows 85%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3301957 | |||
| XXXX | 504872 | XXXX | D | B | D | B | A | A | C | B | Closed | FPRO0012 | 2025-01-28 17:34 | 2025-01-29 17:43 | Waived | 2 - Non-Material | B | B | Property | Property | FEMA disaster declared PUBLIC ONLY | Waived-Investor waiver applied to non-material finding - Due Diligence Vendor-01/29/2025 Open-XXXX Incident Period: XXXX and continuing XXXX Post Disaster in file dated XXXX. - Due Diligence Vendor-01/28/2025 |
Waived-Investor waiver applied to non-material finding - Due Diligence Vendor-01/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower credit score is 720; guideline minimum is 680. LTV is less than guideline maximum - LTV is 80%; guideline allows 85%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Investor Post-Close | No | 3301963 | |||
| XXXX | 504877 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 504881 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 504884 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 505817 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-01-29 11:52 | 2025-04-11 10:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Lease agreement in the file is for the borrowers business. Borrower is living rent free. - Due Diligence Vendor-04/11/2025 Ready for Review-Please waive this item as a corrected 1003 is not required. The lease provided confirm the rent amount is for business debt, not primary housing. Please waive the condition. - Seller-04/10/2025 Counter-Documentation must be supported with dates living with father, amended 1003 - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. Please see attached Lease Agreement from the borrower supporting that the the Liability on credit was for the rental of his prior commercial space for his business, and had no relation to the borrower living Rent Free with his parents. The file does contains a Rent Free Letter, signed by the borrower's father, and a copy of the Lease Agreement, executed by the father, which contains a Month-to-Month Clause confirming the father can maintain possession of the property after the Lease Termination Date. We ask that this condition be cleared as the documentation provided supports the borrower was living Rent Free. - Seller-04/03/2025 Open-Housing History Does Not Meet Guideline Requirements Housing History does not meet guidelines, borrower listed as rent free. (1) Rental Agreement reporting on Credit as a tradeline where the borrower was the sole obligor shows active from XXXX through XXXX when the last payment was posted. Missing VOR with most recent 6-month payment history (if landlord is private party or non-institutional landlord), corrected 1003, and a letter of explanation for rent free letter covering the same period. (2) Lease provided for the rent free provider expired in XXXX and is not sufficient to support the signer resides at that property. (3) Additional findings may apply. - Due Diligence Vendor-01/29/2025 |
Ready for Review-Please waive this item as a corrected 1003 is not required. The lease provided confirm the rent amount is for business debt, not primary housing. Please waive the condition. - Seller-04/10/2025 Ready for Review-Document Uploaded. Please see attached Lease Agreement from the borrower supporting that the the Liability on credit was for the rental of his prior commercial space for his business, and had no relation to the borrower living Rent Free with his parents. The file does contains a Rent Free Letter, signed by the borrower's father, and a copy of the Lease Agreement, executed by the father, which contains a Month-to-Month Clause confirming the father can maintain possession of the property after the Lease Termination Date. We ask that this condition be cleared as the documentation provided supports the borrower was living Rent Free. - Seller-04/03/2025 |
Resolved-Lease agreement in the file is for the borrowers business. Borrower is living rent free. - Due Diligence Vendor-04/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 754; minimum required 720 Qualifying DTI below maximum allowed - Qualifying DTI 38.34%; max 45% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3306957 | |
| XXXX | 505817 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE9500 | 2025-01-29 13:15 | 2025-04-04 15:28 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Assets) | Resolved-Received Lease reflecting father as primary. - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. We ask that this condition please be cleared as the file does contain a Rent Free Letter, signed by the borrower's father, and a copy of the Rental Agreement reflecting the father as the responsible party and containing a Month-to-Month clause supporting the father can keep possession of the property after the Rental Agreement expiration date. In addition, the transaction on XXXX shows paid to XXXX; it is an assumption that the payment was issued to the landlord due to the similarity; however, it is our position that the signed documents in the file would support the borrower was living rent free prior to this transaction. - Seller-04/03/2025 Open-Missing letter of explanation for payment on XXXX to XXXX who is the landlord of the current residence where the borrower states he has been residing rent free. Additional findings may apply. - Due Diligence Vendor-01/29/2025 |
Ready for Review-Document Uploaded. We ask that this condition please be cleared as the file does contain a Rent Free Letter, signed by the borrower's father, and a copy of the Rental Agreement reflecting the father as the responsible party and containing a Month-to-Month clause supporting the father can keep possession of the property after the Rental Agreement expiration date. In addition, the transaction on XXXX shows paid to XXX; it is an assumption that the payment was issued to the landlord due to the similarity; however, it is our position that the signed documents in the file would support the borrower was living rent free prior to this transaction. - Seller-04/03/2025 | Resolved-Received Lease reflecting father as primary. - Due Diligence Vendor-04/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 754; minimum required 720 Qualifying DTI below maximum allowed - Qualifying DTI 38.34%; max 45% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3308285 | |
| XXXX | 505817 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2025-01-29 12:59 | 2025-02-10 17:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-02/10/2025 Ready for Review-Document Uploaded. Please see attached Data Verify including all parties - Seller-02/06/2025 Open-All Interested Parties Not Checked with Exclusionary Lists Missing seller and seller's trustee. - Due Diligence Vendor-01/29/2025 |
Ready for Review-Document Uploaded. Please see attached Data Verify including all parties - Seller-02/06/2025 |
Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-02/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 754; minimum required 720 Qualifying DTI below maximum allowed - Qualifying DTI 38.34%; max 45% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3308092 | |
| XXXX | 505817 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2025-01-29 12:59 | 2025-02-10 17:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-02/10/2025 Open-Third Party Fraud Report Partially Provided Missing supporting documentation to clear derogatory credit with XXXX alert on Fraud Report. Documentation must support debt does not belong to borrower and was erroneous. Additional findings may apply. - Due Diligence Vendor-01/29/2025 |
Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-02/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 754; minimum required 720 Qualifying DTI below maximum allowed - Qualifying DTI 38.34%; max 45% |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3308093 | |||
| XXXX | 505817 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5790 | 2025-01-29 11:52 | 2025-02-10 17:19 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received UDM - Due Diligence Vendor-02/10/2025 Ready for Review-Document Uploaded. Please see attached DV Report confirming there haven't been any significant changes that would impact the Credit decision - Seller-02/06/2025 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Additional findings may apply. - Due Diligence Vendor-01/29/2025 |
Ready for Review-Document Uploaded. Please see attached DV Report confirming there haven't been any significant changes that would impact the Credit decision - Seller-02/06/2025 |
Resolved-Received UDM - Due Diligence Vendor-02/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 754; minimum required 720 Qualifying DTI below maximum allowed - Qualifying DTI 38.34%; max 45% |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3306959 | |
| XXXX | 505817 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6873 | 2025-01-29 13:02 | 2025-02-10 17:17 | Resolved | 1 - Information | C | A | Credit | Borrower | Fraud alert is present on the credit report | Resolved-Upon further review, this was a standard code alert showing XXXX Resident Fraud Victim, this was not placed by the borrower. - Due Diligence Vendor-02/10/2025 Ready for Review-We kindly disagree with this finding. There is a standard code alert showing XXXX Resident Fraud Victim; however, there is no alert placed by the borrower requesting identity to be verified. In addition, there is no phone# provided in the Credit Report to call and verify the borrower's identity. - Seller-02/06/2025 Open-Credit report reflects borrower is a fraud victim. Missing evidence transaction was verified with the borrower. - Due Diligence Vendor-01/29/2025 |
Ready for Review-We kindly disagree with this finding. There is a standard code alert showing XXXX; however, there is no alert placed by the borrower requesting identity to be verified. In addition, there is no phone# provided in the Credit Report to call and verify the borrower's identity. - Seller-02/06/2025 | Resolved-Upon further review, this was a standard code alert showing CA Resident Fraud Victim, this was not placed by the borrower. - Due Diligence Vendor-02/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 754; minimum required 720 Qualifying DTI below maximum allowed - Qualifying DTI 38.34%; max 45% |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3308137 | ||
| XXXX | 506073 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 507199 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 508601 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 508620 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 508626 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE7347 | 2025-01-31 11:25 | 2025-01-31 12:49 | Waived | 2 - Non-Material | B | B | Credit | Missing Doc | Missing Lease Agreement | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/31/2025 Open-DSCR requires 2 months Rent deposit verified to use higher lease agreement. -Exception Approved. to use canceled checks of the deposit and 1st months rent in lieu of requiring 2 months cancelled checks since the lease started XXXX. - Due Diligence Vendor-01/31/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Reserves req'd 6 mths- Borrower has over 95.88 mths - 6 mths req'd= 89.88 mths reserves Qualifying FICO score is at least 20 points above minimum for program - FICO Req'd 700- Borrower's FICO 772 |
reserves 3+ above minimum required, DSCR RATIO > 1.1, FICO SCORE IS 20 points higher than what is required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3326783 | ||
| XXXX | 508630 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1505 | 2025-01-31 10:36 | 2025-02-06 16:57 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Tradelines do not meet Guideline Requirements | Waived-Originator provided an exception for guide requires 2 minimum scores and 3 tradelines > 12 months. Seeking an exception to allow 1 credit score and 2 tradelines at 12 months without alternative tradelines., applied to non material finding with comp factors. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. Please see attached - Seller-02/04/2025 Open-The Tradelines for the borrower(s) do not meet the guideline requirements. Lender Exception: Guide requires 2 minimum scores and 3 tradelines > 12 months. Seeking an exception to allow 1 credit score and 2 tradelines at 12 months without alternative tradelines. - Due Diligence Vendor-01/31/2025 |
Ready for Review-Document Uploaded. Please see attached - Seller-02/04/2025 |
Waived-Originator provided an exception for guide requires 2 minimum scores and 3 tradelines > 12 months. Seeking an exception to allow 1 credit score and 2 tradelines at 12 months without alternative tradelines., applied to non material finding with comp factors. - Due Diligence Vendor-04/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 640, qualifying score is 677 Months Reserves exceed minimum required - Minimum reserves is 0 months, Borrower has 103.59 months. |
-LTV is less than guideline maximum -4+ yrs in primary residence |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3326068 |
| XXXX | 510257 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 510275 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 510300 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 511478 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE7497 | 2025-02-03 16:16 | 2025-02-12 16:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-The HOA and mortgage statements for 3C and 3B were provided. - Due Diligence Vendor-02/12/2025 Ready for Review-Please note that pages 6-7 of the attachment, PITIA for 3C attachment, shows the HOA Assessment for XXXX. In addition, page 2 of the PITIA for 3B attachment shows the annual assessment for XXXX.. We ask that this condition please be cleared. - Seller-02/11/2025 Counter-Received all PITI payments for REO's. Missing HOA for XXXX and XXXX. - Due Diligence Vendor-02/10/2025 Ready for Review-Document Uploaded. Please note that XXXX is the subject property and Escrows are disclosed on the Final CD; XXXX and XXXX are escrowed per the mortgage statements and the HOA bills are included for review - Seller-02/07/2025 Open-Properties XXXX, XXXX and XXXX are all information to calculate debt for each mortgage correctly. - Due Diligence Vendor-02/03/2025 |
Ready for Review-Please note that pages 6-7 of the attachment, PITIA for 3C attachment, shows the HOA Assessment for XXXX. In addition, page 2 of the PITIA for XXXX attachment shows the annual assessment for XXXX.. We ask that this condition please be cleared. - Seller-02/11/2025 Ready for Review-Document Uploaded. Please note that XXXX is the subject property and Escrows are disclosed on the Final CD; XXXX are escrowed per the mortgage statements and the HOA bills are included for review - Seller-02/07/2025 |
Resolved-The HOA and mortgage statements for XXXX and XXXX were provided. - Due Diligence Vendor-02/12/2025 | Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660, borrowers mid score is 746 Months Reserves exceed minimum required - Min reserve requirement is 12 borrower has 100.75 documented in business account |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3340419 | |
| XXXX | 511478 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE4805 | 2025-02-04 17:46 | 2025-02-04 17:46 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Trust/POA Does Not Meet Guideline Requirements | Waived-No POA allowed for LLC vesting Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/04/2025 Open-No POA allowed for LLC vesting Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/04/2025 |
Waived-No POA allowed for LLC vesting Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660, borrowers mid score is 746 Months Reserves exceed minimum required - Min reserve requirement is 12 borrower has 100.75 documented in business account |
Score is 740 (60 points higher than min) LTV is 60% (at least 10% below min) 9 years on the job |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3351029 | ||
| XXXX | 511646 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 512026 | XXXX | C | B | C | B | A | A | A | A | Closed | FCOM9650 | 2025-02-04 13:11 | 2025-02-05 14:32 | Waived | 2 - Non-Material | C | B | Credit | Insurance | Property 1: Missing Rent Loss Insurance. Hazard policy provided does not reflect rent loss coverage for the subject investor-owned property. | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/05/2025 Open-Rent Loss amount does not cover a full 6 months, covers 3. - Due Diligence Vendor-02/04/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 754 > 650 On time mortgage history exceeds guideline requirement - 0x12x42 |
Fico 20 point above min Reserves 3+ months above min |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3347563 | ||
| XXXX | 515874 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0970 | 2025-02-10 15:18 | 2025-02-12 16:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Although the CDA has the subject address misspelled, the legal description is accurate and matches the title and appraisal which is sufficient. - Due Diligence Vendor-02/12/2025 Ready for Review-Please note that the CDA was ordered due to the SSR from XXXX showing a CU score of 2.7; however, we note that the SSR from XXXX had a CU score of 2.3 which did not require a CDA. We further note that the CDA in file supports the value; and the typo of containing "PP" instead of "OO" in the street name is not material to the Underwriting decision. There is sufficient information to accurately identify the property in the CDA to our subject in the appraisal. - Seller-02/10/2025 Open-CDA has the Incorrect Address on it - Due Diligence Vendor-02/10/2025 |
Ready for Review-Please note that the CDA was ordered due to the SSR from XXXX showing a CU score of 2.7; however, we note that the SSR from XXXX had a CU score of 2.3 which did not require a CDA. We further note that the CDA in file supports the value; and the typo of containing "PP" instead of "OO" in the street name is not material to the Underwriting decision. There is sufficient information to accurately identify the property in the CDA to our subject in the appraisal. - Seller-02/10/2025 | Resolved-Although the CDA has the subject address misspelled, the legal description is accurate and matches the title and appraisal which is sufficient. - Due Diligence Vendor-02/12/2025 |
DSCR % greater than 1.20 - DSCR is 1.33 Months Reserves exceed minimum required - Min reserve req is 0, borrower has 101.84 documented |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3390015 | ||
| XXXX | 515874 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1492 | 2025-02-10 16:15 | 2025-02-10 16:16 | Waived | 2 - Non-Material | B | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/10/2025 Open-Cash Out Does Not Meet Guideline Requirements EXCEPTION - Request to do regular cash out as it has been over 3 months since the property was purchased - Due Diligence Vendor-02/10/2025 |
Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/10/2025 |
DSCR % greater than 1.20 - DSCR is 1.33 Months Reserves exceed minimum required - Min reserve req is 0, borrower has 101.84 documented |
-DSCR Ratio is over 1.2 -FICO is 20 + point over min required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3390828 | ||
| XXXX | 518545 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 518583 | XXXX | B | B | B | B | A | A | B | A | Closed | FPRO0012 | 2025-02-13 08:40 | 2025-02-18 15:47 | Resolved | 1 - Information | B | A | Property | Property | FEMA disaster declared PUBLIC ONLY | Resolved-Upon further review, the originator guidelines do not require a post disaster comment from the Appraisal. Appraisal supports no damage. - Due Diligence Vendor-02/18/2025 Ready for Review-We kindly disagree and point out there is substantial information in the appraisal to confirm the property has no damage from the disaster. First, Appraisal was completed in "As Is" condition onXXXX; several months after the end date of the Disaster. Second, Appraiser notes that owner has made approximately XXXX in repairs since XXXX. Lastly, Appraisal notes all items were rated in good condition due to the property being completely remodeled. We ask this condition be cleared as the appraisal supports the property is not damaged. - Seller-02/14/2025 Open-No comments found on Appraisal - Due Diligence Vendor-02/13/2025 |
Ready for Review-We kindly disagree and point out there is substantial information in the appraisal to confirm the property has no damage from the disaster. First, Appraisal was completed in "As Is" condition on XXXX; several months after the end date of the Disaster. Second, Appraiser notes that owner has made approximately XXXX in repairs since XXXX. Lastly, Appraisal notes all items were rated in good condition due to the property being completely remodeled. We ask this condition be cleared as the appraisal supports the property is not damaged. - Seller-02/14/2025 | Resolved-Upon further review, the originator guidelines do not require a post disaster comment from the Appraisal. Appraisal supports no damage. - Due Diligence Vendor-02/18/2025 |
DSCR % greater than 1.20 - DSCR 1.26% Months Reserves exceed minimum required - Min reserve requirement is 2, borrower has 104.65 documented |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3414530 | ||
| XXXX | 518583 | XXXX | B | B | B | B | A | A | B | A | Closed | FCRE8201 | 2025-02-13 08:38 | 2025-02-13 10:00 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator Waiver applied with comp factors. - Due Diligence Vendor-02/13/2025 Open-EXCEPTION REQUEST TO IGNORE DELAYED FINANCING OF 6 MONTHS - Due Diligence Vendor-02/13/2025 |
Waived-Originator Waiver applied with comp factors. - Due Diligence Vendor-02/13/2025 |
DSCR % greater than 1.20 - DSCR 1.26% Months Reserves exceed minimum required - Min reserve requirement is 2, borrower has 104.65 documented |
DSCR % GREATER THAN 1.20 3+ months reserves above requirements |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3414508 | ||
| XXXX | 555033 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA |