Exhibit 99.4 Schedule 4
| Client Name: | ||||
| Client Project Name: | HOMES 2025-NQM3 | |||
| Start - End Dates: | 9/6/2022 - 2/3/2025 | |||
| Deal Loan Count: | 233 | |||
| Conditions Report 2.0 | ||||
| Loans in Report: | 233 | |||
| Loans with Conditions: | 107 | |||
| Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | Condition Sub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors |
| 1024760 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | 80% LTV exceeds the 75% LTV guideline tolerance for this rate/term refinance transaction. Lender exception request for 5% variance in file. | 11.13.2023 - Acknowledged by client. | 11.13.2023 - Final grade B. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 730 mid-score per CBR. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 108 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXX months of reserves in file. CFCFS2860: Good credit history - Clayton Comments: 0x30 mortgage/rental history last 16 months. |
| 1017351 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Missing executed Final HUD-1. | 12-10-24: Client uploaded final HUD1 document.12-10-24: Clayton reviewed 6 page HUD1 document; it does not indicate it is the final document and is not signed by any party to the transaction and does not indicate it is certified as true and exact copy.12-13-24: Client uploaded final HUD1 document.12-13-24: Clayton reviewed final HUD1 document; it is signed and marked final. | 12-10-24: exception remains open.12-13-24: Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 38 years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 1%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 801 is 101 points above the 700 FICO required for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXX months PITIA is XXX months greater than the XXX months reserves required. |
| 1017351 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER3262 | Property issues indicated | No | Subject is a non-warrantable condo with no HOA reserves and a current assessment for roof replacement. Client provided an exception approval to allow the loan.Clayton deems non-material due to the following compensating factors: Credit score of 801, excessive cash reserves at over 91 months, long term history at current residence and minimal credit use. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 38 years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 1%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 801 is 101 points above the 700 FICO required for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXX months PITIA is XXX months greater than the XXX months reserves required. |
| 1017250 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Credit score is 651, below minimum requirement of 660 for cash out refinance. Clayton considers this non material due to cash reserves exceeding guidelines, significant time at current residence, and good mortgage pay history for over 2 years. Lender exception in file. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 10 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is 0*30 mortgage payment history past 36 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXX months piti reserves |
| 1017286 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | Provide Final HUD for other REO that was refinanced to source the wire for closing in the amount of XXX on XXX. | 12-16-24: Client uploaded final HUD1 from refinance of REO.12-16-24: Clayton reviewed final HUD1 from refinance of REO, it verifies proceeds of XXX. | 12-16-24: Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 qualifying credit score per CBR. 700 minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 135 months of 0x30 consumer credit history per CBR. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30 mortgage history since 4/2018 per CBR. |
| 1017286 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Final signed HUD 1 is missing in the file. | 12-18-24 Client uploaded final HUD. | 12-18-24 Clayton reviewed and updated data points. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 qualifying credit score per CBR. 700 minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 135 months of 0x30 consumer credit history per CBR. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30 mortgage history since 4/2018 per CBR. |
| 1017354 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXX months PITIA is XXX months greater than the XXX months reserves required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 66.45% is below the maximum allowable of 70%. CFCFS3824: Borrower contributed an additional down payment - Clayton Comments: Borrower contributed an additional XXX above the required XXX down payment for a total down payment of XXX | |||||||||||||||
| 1017284 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Missing verification of payment history for the last 12 months on the subject property. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 661 is above the required 660. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Primary mortgage history of 68 months exceeds the required 12 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = XXX, XXX months. XXX months required. |
| 1017359 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 61.25% is 13.75% below the 70% LTV allowed for unleased properties. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 693 is 53 points above the 640 FICO required for the program. CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor have 8 years at current residence. | |||||||||||||||
| 1017275 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements | No | Missing the account access letter for the XXX account XXX owned by XXX. | 12-5-24 Client provided full access letter. | 12-5-24 Clayton reviewed full access letter. Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 11 years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXX months ITIA vs XXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 747 is 47 points above the 700 FICO required for the program. |
| 1017340 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = XXX, XXX months. XXX months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 767 is above the required 680 for first time investor (less than 12 months ownership). CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has minimal use of credit with a credit usage ratio of 0. | |||||||||||||||
| 1017438 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | C | A | A | A | D | A | D | A | C | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Application is missing citizenship status. | 12-30-24 Client uploaded 1003 with citizenship. | 12-30-24 Clayton reviewed 1003. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 751 is above the required 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = XXX, XXX months. XXX months required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 74.68% is below the maximum allowable of 75%. |
| 1017438 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | C | A | A | A | D | A | D | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA4817 | Natural Disaster Area, Subseq inspect prior to Disaster (Individual & Public) | No | No inspection since XXX Fema disaster XXX. | 1-16-25 Client uploaded PDI. | 1-16-25 Clayton reviewed PDI reflecting no damage. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 751 is above the required 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = XXX, XXX months. XXX months required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 74.68% is below the maximum allowable of 75%. |
| 1017444 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: 2 years living at primary residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXX months of reserves in file. XXX months required. | |||||||||||||||
| 1017368 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 705 is above the required 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 83 months PITIA is 77 months greater than the 6 months reserves required. CFCFS2860: Good credit history - Clayton Comments: Borrower is 0x30 on all accounts for the past 10 years reviewed. | |||||||||||||||
| 1017407 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 705 is above the required 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = XXX months. XXX months required. CFCFS2860: Good credit history - Clayton Comments: Borrower has a good credit history with no late payments. | |||||||||||||||
| 1017249 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH118 | Mortgage/rental lates exceed guidelines | No | The mortgage with XXX XXX pay history does not meet guidelines, there is a 60 day late payment. The payment due for XXX was paid on XXX | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 5 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves XXX, XXX months; no reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 669 and minimum is 660 |
| 1017348 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3658 | TRID - Corrected CD should have been provided; APR is greater than APR 3 business days prior to closing by more than allowable tolerance | No | Provide proof CD issued XXX was received at least 3 business days prior to closing. | 12.3.24-Client provided CD issued XXX, signed XXX. Exception satisified. | 12.3.24- Exception satisified. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI (Back) of 37.94% is 12.06% below the 50% allowed for the program. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 43.65% is 26.35% below the 70% LTV allowed for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXX months PITIA vs 0 months reserves required. |
| 1057661 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR175 | Missing Review Appraisal required per guidelines | No | The appraisal review product is missing from the loan file. | (No Data) | (No Data) | (No Data) | Not Applicable | (No Data) |
| 1057661 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | (No Data) | (No Data) | Used the lower value from the 2nd appraisal | Not Applicable | Not Applicable | (No Data) |
| 1057954 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC150 | Income docs do not meet guidelines | No | According to the underwriting guidelines, the minimum DSCR required is .80. In this case, the loan was approved with a .75 DSCR which does not meet the guidelines. | (No Data) | 12.6 Lock confirmation showing pricing hit for DSCR provided to clear. | (No Data) | Not Applicable | (No Data) |
| 1057673 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | The undisclosed debt report /notification dated 10 days prior to closing was not in the loan file. | (No Data) | 1/2/2024: Document provided to cure. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has XXX or 64.86 months reserves, Guidelines require XXX * XXX = XXX |
| 1057673 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | The verbal verification of employment dated within 10 days closing was not in the loan file. | (No Data) | 1/7/2025: Document provided to cure. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has XXX or 64.86 months reserves, Guidelines require XXX * XXX = XXX |
| 1057673 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | Documentation verifying whether the property is a warrantable or non-warrantable condo is missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has XXX or 64.86 months reserves, Guidelines require XXX * XXX = XXX |
| 1057684 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower credit score of 733 exceeds min score requirement of 725. CFCFS2860: Good credit history - Clayton Comments: Good credit history 0x30x29. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX | |||||||||||||||
| 1057365 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 7 years. CFCFS2860: Good credit history - Clayton Comments: Borrower has overall good consumer credit history. | |||||||||||||||
| 1057371 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 14 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 787 qualifying score. Min required per guidelines is 750. | |||||||||||||||
| 1057686 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation to support XXX appraisal used in review. Desk review in file is not for appraisal used in review. | 12/24/2024 lender provided Appraisal uploaded matching with Desk review in file12/24/2024 Clayton response: The Exception is to provide Updated Valuation to support the XXX appraisal for XXX used for LTV purposes. Exception remains.12/26/2024 XXX provided Desk Review | 12/26/2024 exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for over 17 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 640 exceeds min score requirement of 625. |
| 1057691 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Borrower credit score of 674 is below min score requirement of 700 for rural property. Lender exception provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 47.06% is below max LTV of 60%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 9 years. |
| 1057691 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | 0.9890 DSCR score is below min DSCR score requirement of 1.0 for rural property. Lender exception provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 47.06% is below max LTV of 60%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 9 years. |
| 1057691 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR167 | Appraisal not Signed | No | Appraisal for subject property is not signed. 1004D/442 us also not signed by the appraiser. | 1/27/2025 lender response: Appraisal with signature uploaded1/27/2025 Clayton response: Appraisal with signature has been reviewed and accepted. Exception modified to provide 1004D/442 signed by appraiser. 01/29/2025 lender provided Signed 1004D | 01/29/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 47.06% is below max LTV of 60%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 9 years. |
| 1057690 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 1 open/active tradeline. Guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 40%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. |
| 1057367 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 7 years 10 months, CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 634 qualifying score. Min required per guidelines is 625. | |||||||||||||||
| 1057368 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH120 | Collections, charge offs, liens, etc. exceed guidelines | No | Collection to XXX in the amount of XXX not paid, as required. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 653 exceeds min score requirement of 650. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 5 years. |
| 1057369 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 60% LTV, Max 65% | |||||||||||||||
| 1057689 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 798 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 18 months when 12 months are required. | |||||||||||||||
| 1057373 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has mortgage payment history on subject property 0x30 since 1/2020. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 53.57% is below guideline requirements of 60%. |
| 1057688 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 1 open/active tradeline; guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current occupied residence for 15 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 69.56%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 755 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 28 months when 12 months are required. |
| 1057377 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 1 open/active tradeline; guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 638 qualifying score. Min required per guidelines is 625. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 7,25 and 99 months when 12 months are required. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 6 years |
| 1057379 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 640 exceeds min score requirement of 625. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 21 and 37 months when 12 months are required. | |||||||||||||||
| 1057380 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the same residence for 10 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 qualifying score. Min required per guidelines is 750. CFCFS2860: Good credit history - Clayton Comments: Good credit history with VOR 0 x 30 for 120 months. | |||||||||||||||
| 1057383 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 65%; max allowed per guidelines is 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 813 qualifying score. Min required per guidelines is 625. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 14 months when 12 months are required. | |||||||||||||||
| 1057384 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH124 | Collections, Liens, etc. not paid as required by guidelines | No | Collection to XXX in the amount of XXX not paid, as required. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets/ reserves verified XXX or XXX mos CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 642 exceeds min score requirement of 625. |
| 1057391 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 40 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 6/1/1973 (51 years, 4 months). CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 57.86% is below max LTV of 70%. | |||||||||||||||
| 1057392 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 781 qualifying score. Min required per guidelines is 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 4 years. | |||||||||||||||
| 1057394 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 744 exceeds min score requirement of 725. | |||||||||||||||
| 1057697 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 813 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 61 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. | |||||||||||||||
| 1057694 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 2 open tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 720 exceeds min score requirement of 700. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x16. |
| 1057695 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1739: Postive mortgage payment history - Clayton Comments: No late mortgage payments CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 720 qualifying score. Min required per guidelines is 700. | |||||||||||||||
| 1057396 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of taxes and HOA fee for REO on XXX | 01/31/2025 lender provided Tax and HOA | 01/31/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 4/2007. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 753 exceeds guidelines 675. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 23 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 3 years. |
| 1057396 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | Missing the final settlement statement from refinance of REO on XXX showing net proceeds to subject loan in the amount XXX | 01/31/2025 lender provided FSS for XXX | 01/31/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 4/2007. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 753 exceeds guidelines 675. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 23 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 3 years. |
| 1057397 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 66.67%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. | |||||||||||||||
| 1057398 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 779 exceeds guidelines 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70% is below guideline requirements of 80%. | |||||||||||||||
| 1057698 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Insurance | Waived | B | B | B | B | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | HOI is missing rent loss coverage. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: G1 has owned primary residence for 19 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 782 exceeds guidelines 750. |
| 1057698 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV 65% exceeds the maximum allowed at 70% for DSCR < 1.0%. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: G1 has owned primary residence for 19 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 782 exceeds guidelines 750. |
| 1057399 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 59.27% is below guideline requirements of 70%. | |||||||||||||||
| 1057401 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with XXX for 4 years and 7 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 65%; max allowed per guidelines is 75%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 18.83%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 689 qualifying score. Min required per guidelines is 650. | |||||||||||||||
| 1057402 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER113 | Loan amount is below guideline minimum | No | Loan Amount of XXX is less than minimum Loan Amount of XXX per guidelines. Lender acknowledged Exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Mortgage payment history is satisfactory CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 669 qualifying score. Min required per guidelines is 650. |
| 1057700 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 55.17% LTV, Max 65% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history on Primary Residence is 0 x 30 for 58 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 708 qualifying score. Min required per guidelines is 700. | |||||||||||||||
| 1057405 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 22 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 63.04%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 769 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. | |||||||||||||||
| 1057702 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified Assets of XXX, less Cash to Close XXX = XXX or XXX Months of Reserves. Reserves are not required. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 19 years | |||||||||||||||
| 1057410 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR2400 | Missing Flood Certification Document | No | Flood cert missing from loan file. | 11/21/2024 lender provided Flood Certificate | 11/21/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 22.73% LTV. Max 65% |
| 1057412 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | |||||||||||||||
| 1057413 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | Property | Satisfied | D | A | D | A | PRVAPROP111 | Legal Nonconforming w/out Rebuild Letter | No | Appraisal shows the property is Legal Nonconforming but does not contain a comment indicating if the property can be rebuilt if destroyed. | 01/29/2025 lender provided Uploading the local township code showing that it can be rebuilt. | 01/29/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: qualifying score of 773 is above the 750 score required for AAA credit grade CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves of XXX verified, none required. |
| 1057414 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has zero open/active tradelines; guidelines require minimum of 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 10 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 780 qualifying score. Min required per guidelines is 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 82 months when 12 months are required. |
| 1057414 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Loan approved at 80% LTV, MAX ltv for ITIN loan is 75%. Exception approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 10 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 780 qualifying score. Min required per guidelines is 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 82 months when 12 months are required. |
| 1057707 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 757 qualifying score. Min required per guidelines is 750. CFCFS1746: Significant housing expense reduction - Clayton Comments: Lowered housing expense from XXX to XX CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 1057415 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER3256 | Seller contributions exceed guideline requirements | No | Seller credit of XXX exceeds the maximum of 3%/XXX. Lender provided an exception. | 12/9/2024- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 815 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 31 months when 12 months are required. |
| 1057416 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 815 exceeds min score requirement of 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below max LTV of 80%. | |||||||||||||||
| 1057708 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 61 months when 12 months are required. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current occupied residence for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. | |||||||||||||||
| 1057709 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 75% is below guideline requirements of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 711 exceeds guidelines 650. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history; 0 x 30 for 6 years 6 months. | |||||||||||||||
| 1057710 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x34. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for over 9 years. | |||||||||||||||
| 1057713 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.33%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 809 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. | |||||||||||||||
| 1057716 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 65 months when 12 months are required. CFCFS1746: Significant housing expense reduction - Clayton Comments: Lowered payment from XXX to XXX. | |||||||||||||||
| 1057723 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject investment property for 51 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 19.45% is below guideline requirements of 65%. | |||||||||||||||
| 1057725 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.17%; max allowed per guidelines is 65%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. | |||||||||||||||
| 1057726 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | N/A | N/A | C | A | A | A | C | A | N/A | N/A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- effective date XXX- Hurricane XXX.Appraisal dated XXX indicating no damage. | 12/27/2024 lender provided Post Disaster Inspection Report | 12/27/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 9.66% is below guideline requirement of 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrowers have been XXX at current job for 4.8 years. |
| 1057419 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 26 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 33.75% is below guideline requirements of 65%. | |||||||||||||||
| 1057424 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR100 | Missing Appraisal | No | Missing Appraisal | 01/14/2025- Client provided appraisal | 01/14/2025- Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 5 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Requires reserves XXX |
| 1057424 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | Natural Disaster Area, no subsequent inspection | 01/15/2025 lender provided Post Disaster Inspection Report | 01/15/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 5 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Requires reserves XXX |
| 1057731 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 723 qualifying score. Min required per guidelines is 700. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 6 years | |||||||||||||||
| 1057426 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Loan file is missing verification that the insurance coverage matches 100% of the insurable value of the improvements. Lender guidelines state "Some states have passed regulations to protect insurance companies potential proprietary logic where an insurance agent may decline to provide an RCE. In such event, a statement from the agent confirming coverage is 100% replacement cost or similar assertion may be obtained. Statement from agent may be confirmed on the policy, in a letter from agent on letterhead, or in an email directly from agency (compared to the text being copied into another partys email or restated)." | 12/19/2024 lender response: RCE Confirmation Statement uploaded reflecting at the bottom that the dwelling is up to 100% of the replacement cost | 12/19/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 53.6%, Max 65% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 631 qualifying score. Min required per guidelines is 625. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 4 years. |
| 1057426 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No subsequent property inspection completed after FEMA Disaster Declaration XXX date of XXX, Hurricane XXX | 12/23/2024 lender provided Post Disaster Inspection Report | 12/23/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 53.6%, Max 65% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 631 qualifying score. Min required per guidelines is 625. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 4 years. |
| 1057429 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Minimum credit score of 700 required on rural properties. Borrower has 654 Credit Score. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 33.33% is below max LTV of 60%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history is 0x30x18. |
| 1057738 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 7 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 46.710%; max allowed per guidelines is 75%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. | |||||||||||||||
| 1057740 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 747 qualifying score. Min required per guidelines is 725. CFCFS1736: Significant time at current residence - Clayton Comments: B2 has lived at the current residence for 7 years | |||||||||||||||
| 1057438 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in current owner occupied residence for 5 years and 1 month. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 21 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 807 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. | |||||||||||||||
| 1057742 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing proof of hazard insurance for XXX. | 01/23/2025 lender response: Settlement Statement for XXX uploaded reflecting no Insurance on properties | 01/23/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 18 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 735 exceeds min credit score requirements of 725. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX CTC XXX leaves reserves of XXX or XXX mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 39.61% is below max DTI of 50%. |
| 1057441 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Per Guidelines, vacant investment properties are not eligible for a refinance transaction. Lender acknowledged exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 8.51%, Max 75% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 812 qualifying score. Min required per guidelines is 750. |
| 1057745 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 778 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.81% is below max DTI of 50%. | |||||||||||||||
| 1057746 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | Subject loan is one of nine new loans for this Borrower and all nine new loans are for investment properties. Lender guidelines state maximum number of loans to same Borrower is four, and one must be owner-occupied. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 726 qualifying score. Min required per guidelines is 650. CFCFS1739: Postive mortgage payment history - Clayton Comments: No late mortgage payments within the past 24 months |
| 1057754 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR848 | Missing Hazard Insurance | No | Missing Hazard Insurance | 01/17/2025 lender provided Appraisal01/17/2025 Clayton response: Appraisal does not address the Exception to provide Hazard Insurance policy. Exception remains.02/11/2025 lender provided Insurance Policy | exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 54.42% is below max LTV of 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x28 |
| 1057754 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR101 | Appraisal incomplete (missing map, layout, pages, etc) | No | Appraisal incomplete (missing map, layout, pages, etc) | 01/17/2025 lender provided Appraisal | 01/17/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 54.42% is below max LTV of 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x28 |
| 1057754 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR271 | Comp photos are missing | No | Comp photos are missing | 01/17/2025 lender provided Appraisal | 01/17/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 54.42% is below max LTV of 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x28 |
| 1057754 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR281 | Subject Photos are missing | No | Subject Photos are missing | 01/17/2025 lender provided Appraisal | 01/17/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 54.42% is below max LTV of 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x28 |
| 1057754 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR284 | Appraiser License Missing | No | Appraiser License Missing | 01/17/2025 lender provided Appraisal | 01/17/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 54.42% is below max LTV of 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x28 |
| 1057756 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below max LTV of 80% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 808 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. | |||||||||||||||
| 1057760 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 732 exceeds guidelines 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned subject investment property for 22 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 63.86% is below guideline requirements of 75%. | |||||||||||||||
| 1057446 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 16 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 37.31% is below guideline requirements of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 799 exceeds guidelines 625. | |||||||||||||||
| 1057450 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV of 78.81% exceeds max LTV of 70% for DSCR score < 1.0. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 801 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x19. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. |
| 1057765 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR5353 | Insurance Expiration date is prior than the transaction date | No | Missing proof of current Master Hazard insurance policy. Policy in file expired XXX. Note date XXX. | 01/29/2025 lender provided HO6XXX Clayton response: HO6 provided does not address the Exception for missing active Master Hazard policy. Exception remains.02/12/2025 lender provided New Master Policy | 02/12/2025 exception satisfied | Not Applicable | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is below max LTV of 70%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. |
| 1057764 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 60% is below guideline requirements of 70%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines $0. | |||||||||||||||
| 1057451 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Missing copy of XXX card/VISA/DHS Work Authorization to affirm legal residency. | 02/04/2025 lender provided XXX | 02/05/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 55.49% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 631 exceeds min score requirement of 625. CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor has lived at primary residence for over 12 years. |
| 1057766 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 723 qualifying score. Min required per guidelines is 700. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 32 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. | |||||||||||||||
| 1057767 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 16.81% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 11 years. | |||||||||||||||
| 1057768 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 38.01% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX. | |||||||||||||||
| 1057453 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 774 exceeds guidelines 675. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX | |||||||||||||||
| 1057769 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has Significant time at current residence, XXX years XXX months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 810 exceeds min score requirement of 750. | |||||||||||||||
| 1057770 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Missing documentation for XXX. | 02/07/2025 lender response: Passport for XXX uploaded | 02/07/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 6 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. |
| 1057455 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing VVOE within 3 days of funding for Guarantor XXX for XXX. | 01/23/2025 lender provided VOE | 01/23/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.09%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 11 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves XXX, none required. |
| 1057456 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 7 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX | |||||||||||||||
| 1057458 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Verified assets XXX. Cash to close XXX with reserves XXX. Required reserves XXX x 6 = XXX. Short reserves XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 789 exceeds guidelines 750. |
| 1057461 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves XXX none required. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 8 years. | |||||||||||||||
| 1057462 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 59.99% is below max LTV of 70%. CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor 2 has lived at primary residence for over 15 years. | |||||||||||||||
| 1057777 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Assets | Waived | C | B | C | B | CRDAST205 | Insufficient Funds to Close | No | Verified assets of XXX are less than the amount required to close of XXX. Missing verification of the source of the remaining funds. | 02/07/2025 lender response: Updated ULAW with comp factors uploaded02/07/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factors for Credit Score, and Mortgage Payment History.02/10/2025 client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739: Postive mortgage payment history - Clayton Comments: No late mortgage payments reported to credit CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 711 qualifying score. Min required per guidelines is 700. |
| 1057463 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | Missing Loan Approval and loan approval worksheet. | 01/23/2025 Lender response: Approval and ULAW uploaded01/23/2025 Clayton response: ULAW and Preliminary HUD-1 received. Please provide Loan Approval.01/24/2025 lender provided Loan Approval | 01/24/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 5 years 7 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 785 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x63. |
| 1057780 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | With subject Refinance, Guarantor will have 5 open loans with this lender, all on Investment Properties. Lender's Guidelines max number of open loans with this lender is 4, and 1 must be on Primary residence. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 9 years and 8 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 26 years and 9 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 714 qualifying score. Min required per guidelines is 700. |
| 1057778 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | LTV of 75% exceeds the maximum LTV of 65% for No ratio loan. Lender provided an exception. | 1/20/24- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 7 years.Co-borrower has resided in current owner occupied residence for 10 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 807 qualifying score. Min required per guidelines is 650. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 81 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITIA. |
| 1057782 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 746 qualifying score. Min required per guidelines is 725. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXX months PITI reserves verified, none required. | |||||||||||||||
| 1057467 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | Provide payoff statement for subject property and verification will be released from title. Payoff statement provided lists only additional property covered in prior Note and Mortgage. | 02/07/2025 lender response: Uploading clarification email from lienholder to broker and title. | 02/07/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 58.93% is below guideline requirements of 70%. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 6 years. |
| 1057469 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 64.11%; max allowed per guidelines is 75%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 10 years. | |||||||||||||||
| 1057790 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 11 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 27.83%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 741 qualifying score. Min required per guidelines is 725. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. | |||||||||||||||
| 1057792 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Qualifying score of 696 is less than the required score of 700 for rural property. Exception approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 9 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. |
| 1057792 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 2 open/active tradelines; Guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 9 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. |
| 1057471 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 2 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX | |||||||||||||||
| 1057791 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 21 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x99. CFCFS2860: Good credit history - Clayton Comments: Good credit history 0x30x517. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 775 exceeds min score requirement of 750. | |||||||||||||||
| 1057794 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX. | |||||||||||||||
| 1057473 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 11 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below max LTV of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 806 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0X30X47. | |||||||||||||||
| 1057796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Insurance | Waived | B | B | B | B | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Insufficient Rent Loss coverage, per guidelines. Lender exception in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below max LTV of 75%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX Requited reserves XXX |
| 1057799 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | N/A | N/A | C | A | A | A | C | A | N/A | N/A | Property Valuations | Property | Satisfied | C | A | C | A | PRVAPROP177 | Property Issues Indicated | No | Appraisal dated XXX exceeds 120 days from Note data XXX. An appraisal recert of value is required. | 02/10/2025 lender response: re-cert of value uploaded02/10/2025 Clayton response: Recert document is not fully visible, including date of Recent is not visible. Exception remains.02/11/2025 lender provided Re-Cert of Value | 02/11/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 745 exceeds guidelines 700. |
| 1057801 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR2400 | Missing Flood Certification Document | No | Missing Flood cert from the loan file. | 01/14/2025 lender provided Flood Certification | 01/14/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves XXX, none required. |
| 1057805 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 65% LTV, Max 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: post closing reserves XXX, none required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 810 qualifying score. Min required per guidelines is 750. | |||||||||||||||
| 1057478 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of taxes for REO on XXX. | 01/13/2025 lender provided SiteX for XXX | 01/13/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 2/2014. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 38.18% is below guideline requirement of 50%. |
| 1057478 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Missing final executed HUD Settlement Statement. | 01/14/2025 lender provided Final Settlement Statement | 01/14/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 2/2014. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 38.18% is below guideline requirement of 50%. |
| 1057809 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER113 | Loan amount is below guideline minimum | No | Loan amount of XXX is below the minimum loan amount of XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 6 years and 3 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 645 qualifying score. Min required per guidelines is 625. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 32 months when 12 months are required. |
| 1057481 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements | No | Missing settlement statement from refinance of REO on XXX confirming net proceeds XXX used for funds to close. | 02/10/2025 lender provided FSS for REO property | 02/10/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 63.54% is below guideline requirements of 75%. |
| 1057481 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 63.54% is below guideline requirements of 75%. |
| 1057482 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 33.39% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: exceeds 24 months | |||||||||||||||
| 1057484 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Missing Final signed HUD. Only Estimated HUD-1 provided for review. | 01/29/2025 lender provided Signed Final Settlement Statement | 01/29/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 759 exceeds min score requirement of 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 10 years. |
| 1057814 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor 1 has owned primary residence for 15 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 753 exceeds guidelines 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Guarantor 1 has mortgage payment history 0x30 since 8/2009. | |||||||||||||||
| 1057816 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1817 | Final HUD-1 is incomplete or illegible | No | File is missing signed Final Settlement Statement. | 01/29/2025 lender provided Signed Final Settlement Statement | 01/29/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 15 years and 4 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 753 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 30 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. |
| 1057485 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 810 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 55 months when 12 months are required. | |||||||||||||||
| 1057486 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 4 years. | |||||||||||||||
| 1057488 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 65%; max allowed per guidelines is 70%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. | |||||||||||||||
| 1057489 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 5 years | |||||||||||||||
| 1057820 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Assets | Waived | C | B | C | B | CRDAST206 | Asset Amounts Are Unsupported by Documentation in File | No | Provide documentation to support assets listed in XXX accounts XXX XXX & XXX XXX are listed in USD. If accounts are listed in XXX XXX assets will be insufficient for funds to close. | 02/10/2025 lender response: Updated ULAW with comp factors uploaded02/10/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factor for LTV.02/11/2025 client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 60% is below guideline requirements of 70%. |
| 1057821 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 10 years 2 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is below max LTV of 75%. | |||||||||||||||
| 1057493 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: exceeds 700 CFCFS1736: Significant time at current residence - Clayton Comments: in the home for 43 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: exceeds 24 months | |||||||||||||||
| 1057822 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 746 exceeds min score requirement of 725. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 20.43% is below max DTI of 50%. | |||||||||||||||
| 1057496 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned primary residence for 20 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 31.69% is below guideline requirements of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 814 exceeds guidelines 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have mortgage payment history 0x30 since 1/2013. | |||||||||||||||
| 1057498 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Score exceeds 675 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 27 months reportimg | |||||||||||||||
| 1057499 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 17 years and 1 month. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 88 months when 12 months are required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 761 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. | |||||||||||||||
| 1017298 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 710. G/l min is 700 CFCFS5269: Minimal use of credit - Clayton Comments: 28% consumer credit utilization in file CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXX months piti reserves. XXX months required. | |||||||||||||||
| 1024577 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.18%, max per guidelines is 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITIA, guidelines required XXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score. Min required per guidelines is 750. CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been employed in the Construction industry for 40 years | |||||||||||||||
| 1057504 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | Compliance | Repayment Ability | Waived | B | B | B | B | CMPSTRA1497 | File does not contain a repayment ability worksheet | No | File does not contain a repayment ability worksheet | client acknowledged exceptionFinal grade B | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 7 years 8 months. |
| 1057504 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Rent Loss Insurance coverage is missing from the hazard insurance policy. | 02/13/2025 lender provided Insurance Policy with Rent loss coverage | 02/13/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 7 years 8 months. |
| 1024578 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Property Valuations | Appraisal | Satisfied | A | A | A | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | AVM dated XXX with an estimated value of XXX, and confidence score of 84. AVM FSD of 16, exceeded max of 10. Clayton order Desk Review on behalf of Client. | 09/12/2022- XXX Desk Review received from Service 1st supporting appraisal value. | 09/12/2022- Exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 52.36%; max allowed per guidelines is 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 646 qualifying score. Min required per guidelines is 625. |
| 1024582 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.64%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 33.80%; max allowed per guidelines is 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 689 qualifying score. Min required per guidelines is 675. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX guidelines required XXX months PITIA. | |||||||||||||||
| 1024583 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | AVM dated XXX with an estimated value of XXX, and confidence score of 84. AVM FSD of 16, exceeded max of 10. Clayton order Desk Review on behalf of Client. | 09/15/2022- VRA Desk Review received from XXX supporting appraisal value. | 09/15/2022- Exception satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 44.35%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 qualifying score. Min required per guidelines is 750. |
| 1024583 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | Collateral Analytics discloses -12.7132% variance with a value of XXX and the OA value is XXX. A Desk Review is required. Clayton order Desk Review on behalf of Client. | 09/15/2022- XXX Desk Review received from XXX supporting appraisal value. | 09/15/2022- Exception satisfied. | Not Applicable | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 44.35%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 qualifying score. Min required per guidelines is 750. |
| 1024645 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements | No | Missing the second consecutive bank statement from XXX #XXX file contains XXX statement. | 02/24/2023 lender provided December XXX statement | 02/24/2023 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has resided at current residence for 19 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 784 exceeds guidelines 750. |
| 1024645 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | B1 has no open trade lines does not meet the minimum required of 3 open trade lines. | Waived by Citadel - 4.10.2023 | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has resided at current residence for 19 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 784 exceeds guidelines 750. |
| 1024647 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 731. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXX months PITIA vs XXX months reserves required. | |||||||||||||||
| 1057509 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation to support appraisal dated XXX for valuation of XXX | 11/14/2024 lender provided Appraisal11/14/2024 Clayton response: Lender provided XXX Appraisal for XXX The Exception is to provide the Updated Valuation to support the XXX Appraisal for XXX. Exception remains.11/18/2024 lender provided Desk Review dated XXX for XXX. | 11/18/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 6 years and 5 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 58.50%; max allowed per guidelines is 65%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 29.26%, max per guidelines is 50%. |
| 1057515 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Maximum LTV of 65%, and subject loan closed at 70% LTV. Lender exception in the file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 21.77%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 3/16/2004 (20 years, 5 months). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 643 exceeds min score requirement of 625. |
| 1057515 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation to support appraisal dated XXX for XXXX. | 11/27/2024 lender provided UCDP Report | 11/27/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 21.77%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 3/16/2004 (20 years, 5 months). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 643 exceeds min score requirement of 625. |
| 1057519 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Waived | B | B | B | B | CRDINC2408 | Income verification does not meet guidelines | No | 1 yr XXX employed < 2 yrs as required. Lender exception approval provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35.21% is below max LTV of 70%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.44% is below max DTI of 50%. |
| 1057519 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Property Valuations | FEMA | Satisfied | A | A | A | A | PRVAFEMA4817 | Natural Disaster Area, Subseq inspect prior to Disaster (Individual & Public) | No | PDI dated XXX- no repairs required | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35.21% is below max LTV of 70%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.44% is below max DTI of 50%. |
| 1057520 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 655 qualifying score. Min required per guidelines is 650. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 21 months when 12 months are required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 13 years. | |||||||||||||||
| 1057521 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 8-30-2019 (5 years 2 months). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 628 exceeds min score requirement of 625. | |||||||||||||||
| 1057833 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 44 months when 12 months are required. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 25 years | |||||||||||||||
| 1057522 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has mortgage payment history 0x30 since 9/2003. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 9 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 15.6% is below guideline requirement of 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 58.65% is below guideline requirements of 70%. | |||||||||||||||
| 1057524 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 25.32% LTV, Max 80% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.09%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 30 years. | |||||||||||||||
| 1057523 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have lived in the home for 25 years CFCFS1734: Borrower has significant time at current job - Clayton Comments: Owner for business for 20 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x89. | |||||||||||||||
| 1057834 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | DTI | Waived | B | B | B | B | CRDDTI187 | Debt Ratio > 50% | No | DTI of 50.76% exceeds max DTI of 50.49%. Income slightly lower than lenders based on excluded deposits from acct ending XXX. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 62.02% is below max LTV of 65%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x99. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 645 exceeds min score requirement of 625. |
| 1057525 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | DTI | Satisfied | C | A | C | A | CRDDTI187 | Debt Ratio > 50% | No | Review Income calculation $142,862.33/12 = $11,905.19 Monthly total @ 22% Expense factor = $9,286.05 with DTI of 60.21% (from statements dated 11/2023 -- 10/2024) vs lender calculation $196,409.21/12 = $16,367.43 @ 22%=$12,766.60 with DTI of 43.79% (from statements dated 9/2023 -- 8/2024). | 01/07/2025 lender response: The initial XXX calculation was not picking up 9/24 income correctly nor was it accounting for 10/24 at all. A manual calculation was completed and supports our income figure, uploading updated XXX calculation. Note that transfers are acceptable sources of income.01/13/2025 lender response: The only disqualifying deposits would be circular transfers, loan proceeds or tax refunds and selling personal property to reinvest in his company serves a valid business purpose and is eligible for business use. XXX Lending does not have any specific guidelines precluding these funds, similar to a transfer, they are allowable. DTI is as underwritten, <50%. XXX Lending has explicit and sole discretion of interpretation of any situation not explicitly addressed in the guidelines. | 01/07/2025 Clayton response: Guidelines state where appropriate for the manner of business, transfers into the account are also acceptable for qualification where not circular in nature. Review has determined transfers were not appropriate for the manner of business, and no further explanation from the Borrower was provided. Two additional deposits (dated 12/2023 for $35,000 and $10,000) were excluded as these amounts were for the sale of property and vehicle, as explained by the Borrower. Exception remains.01/13/2025 Clayton response: Bank Statement Income recalculated with DTI at 46.57% and within guidelines. Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 15 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history is 0x30x27. |
| 1057527 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 8 years at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 5 years in current profession. | |||||||||||||||
| 1057528 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Credit/Mtg History | Waived | C | B | C | B | CRDCRMH148 | Credit report stale dated at closing | No | Credit report date XXX is more than 90 days prior to note date of XXX | 02/10/2025 lender response: Updated ULAW with comp factors uploaded02/10/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factors for DTI, Credit Score, and Time XXX.02/11/2025 client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 9 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.70% is below max DTI of 50% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 612 exceeds min score requirement of 625. |
| 1057528 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Max LTV for cash out refinance based on 612 credit score is 60%. Loan approved at 65% LTV. Exception approval in file for 65% LTV. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 9 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.70% is below max DTI of 50% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 612 exceeds min score requirement of 625. |
| 1057530 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 63.79 is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 641 exceeds min score requirement of 625. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 48.93% is below max DTI of 50%. | |||||||||||||||
| 1057837 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | C | B | B | B | C | B | B | B | C | B | B | B | Compliance | Federal Consumer Protection | Waived | B | B | B | B | CMPFDCP4569 | NMLS License verification found Loan Originator Name does not match ID but can identify that the LO is the same | No | Loan Originator Name on 1003 is XXX, Name on NMLS Consumer access is XXX with no alternate names listed. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 671 qualifying score. Min required per guidelines is 650. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 41.66%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 20 years |
| 1057837 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | C | B | B | B | C | B | B | B | C | B | B | B | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 1 open/active tradeline; guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 671 qualifying score. Min required per guidelines is 650. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 41.66%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 20 years |
| 1057837 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | C | B | B | B | C | B | B | B | C | B | B | B | Property Valuations | Appraisal | Waived | C | B | C | B | PRVAAPPR169 | Appraisal includes one or more issue(s) | No | Appraisal inspection date of XXX is more than 120 prior to Note date of XXX. No appraisal update in file. | 01/28/2025 lender provided Updated ULAW with comp factors01/28/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factors for DTI, Credit Score, and time at current job.01/29/2025 client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 671 qualifying score. Min required per guidelines is 650. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 41.66%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 20 years |
| 1057838 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Total assets verified XXX. CTC XXX leaves reserves of XXX or XXXmos. XXX mos required. Lender exception provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 727 exceeds min score requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.24% exceeds min DTI of 50%. |
| 1057838 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH148 | Credit report stale dated at closing | No | Credit report dated XXX, expired XXX date of Note. Loan disbursed on XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 727 exceeds min score requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.24% exceeds min DTI of 50%. |
| 1057533 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA4817 | Natural Disaster Area, Subseq inspect prior to Disaster (Individual & Public) | No | No inspection since the FEMA Disaster- effective date XXX- Hurricane XXX. | 11/19/2024 lender provided Post Disaster Inspection Report | 11/19/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 25.58% is below guideline requirements of 75%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 1/2011. |
| 1057534 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Qualifying score of 601 is less than the minimum 680 score required for rural property. Exception approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 39.5%, max 43% |
| 1057535 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof LE XXX was received on XXX. | 12.12.24-Client provided LE issued & e-signed XXX | 12.12.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 25.18% is below max DTI of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 689 exceeds min score requirement of 675. CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 13 years |
| 1057536 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing VVOE within 72 hour of funding. (Borrower XXX with XXX XXX) | 11/26/2024 lender provided VVOE | 11/26/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 16.08% LTV. Max is 60% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 25.80%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 621 qualifying score. Min required per guidelines is 600. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 3 years 11 months. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed within same field for 12 years. |
| 1057538 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | Property Valuations | Property | Waived | B | B | B | B | PRVAPROP241 | Property Type unacceptable under guidelines | No | Rural property is unacceptable for Profit and Loss program per guidelines. Lender exception approval provided. | 12/6/2024- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 20% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 737 exceeds min score requirement of 725. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 10 years, 8 months. |
| 1057540 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for over 7 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 39.33% is below guideline requirements of 65%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 18.72% is below guideline requirement of 50%. | |||||||||||||||
| 1057842 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 13 years and 0 months at current residence. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 33.85% CFCFS2854: Significant time in profession - Clayton Comments: 7 years and 0 months in current profession. | |||||||||||||||
| 1057543 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 644 qualifying score. Min required per guidelines is 625. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.95% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX | |||||||||||||||
| 1057843 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 4 years and 9 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 20 years and 7 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 759 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 15.20%, max per guidelines is 50% | |||||||||||||||
| 1057547 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has zero open/active tradelines; guidelines require 3 open/active tradelines. | 12/5/24- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked for the same business for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 47.64% LTV, Max is 70% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 39.69%, max per guidelines is 50%. |
| 1057548 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | B1 does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score. Min required per guidelines is 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 59.69%; max allowed per guidelines is 75%. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 14 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 14 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 28.70% is below guideline requirement of 50%. |
| 1057549 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 11 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 54.99% is below guideline requirements of 65%. | |||||||||||||||
| 1057845 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 12.24.24-Client provided CD issued XXX with e-sign of XXX | 12.24.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. No reserves required CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for over 15 years. |
| 1057845 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 12.24.24-Client provided CD issued XXX with e-sign of XXX | 12.24.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. No reserves required CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for over 15 years. |
| 1057845 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3646 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided | No | Ten percent tolerance fee of XXX due to increase in Recording fees. Credit of XXX for increase in closing costs above limit applied. Amount remaining to cure ten percent tolerance is now XXX | 12.24.24-Client provided PCCD issued XXX. 10% tolerance of XXX for Recording Fee. Cure of XXX appliedwith a balance due of XXX.1.3.25-Client provided their system 10% calculation, it does not reconcile with Highest Value + 10% of XXX and Amount Paid at Closing XXX with a difference of XXX.1.9.25-Client provided PCCD issued XXX, copy of refund check & copy of Tracking information. | 12.24.25-Exception Remains.1.3.25-Exception Remains.1.9.25-Exception Satisfied. | Numeric | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. No reserves required CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for over 15 years. |
| 1057845 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | D | A | D | A | CMPTRID4579 | TRID - CD: Missing Initial CD | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 12.24.24-Client provided CD issued XXX with e-sign of XXX | 12.24.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. No reserves required CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for over 15 years. |
| 1057845 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Missing copy of XXX card. | 01/08/2025 lender response: Uploading corrected 1003 to show XXX for our ITIN product since they have a XXX but it is expired. Loan priced as an ITIN. | 01/08/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. No reserves required CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for over 15 years. |
| 1057845 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing VVOE from XXX | 01/03/2025 lender provided VVOE | 01/03/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. No reserves required CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for over 15 years. |
| 1057552 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 5 years CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrowers have been XXX since 2001 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 24 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 665 qualifying score. Min required per guidelines is 650. | |||||||||||||||
| 1057554 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2340 | Employment verification does not meet guidelines | No | Proof of XXX for the last two years to include ownership percentage of Applicant(s) of their company (if not 100%owned by Applicant(s) include list of all other entities with greater than or equal to 10% interest and those parties ownershippercentages).If using Tax Preparers Letter, MUST be on tax preparers letterhead, signed and dated and include the following:(i) tax preparer's relationship to the business;(ii) personal knowledge of the length of time the business has been in existence; and(iii) percentage of borrowers ownership in the business entity.*** Tax preparer MUST provide their license verification from municipal, state or federal licensing boards or proof of theirbusiness existence. | 12/12/2024 lender response: Uploading XXX business tax certificate showing our borrower as the sole proprietor of his business | 12/12/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 649 qualifying score. Min required per guidelines is 625. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 41.85% |
| 1057556 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 55.26% is below max LTV of 65%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 46.78% is below max DTI of 50%. | |||||||||||||||
| 1057848 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Minimum Credit Score for P&L Doc Type is 650. Borrower's mid Credit Score is 633. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 35.90% CFCFS2854: Significant time in profession - Clayton Comments: 9 years and 0 months in current profession. |
| 1057559 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 8 years CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 44.8% LTV, max 80% | |||||||||||||||
| 1057562 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 59.99%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 787 exceeds minimum 750 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower lived in primary home for 38 years | |||||||||||||||
| 1057561 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 50.36%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 778 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 29.74% | |||||||||||||||
| 1057564 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 34.48% is below max LTV of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 784 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x37. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 17.90%, max per guidelines is 50%. | |||||||||||||||
| 1057563 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 7 years and 0 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 10 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 809 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 29.62% | |||||||||||||||
| 1057566 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 32.26% is below max LTV of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 803 exceeds min score requirement of 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived at subject property for over 12 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.40% is below max DTI of 50%. | |||||||||||||||
| 1057853 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves XXX, none required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 15.02%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 819 qualifying score. Min required per guidelines is 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 46.88%; max allowed per guidelines is 90%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 85 months when 12 months are required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 25 years | |||||||||||||||
| 1057567 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing acceptable documentation supporting the existence of the business for the most recent two (2) years. | 1/20/25- Business search provided | 1/20/25- Exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 25 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 761 exceeds min score requirement of 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: CLTV of 71.03% is below max LTV of 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0X30X99. |
| 1057856 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves of XXX are greater than the required reserves of XXX CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.61%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 85%; max allowed per guidelines is 90%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 714 qualifying score. Min required per guidelines is 700. | |||||||||||||||
| 1057858 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | Recording fees increase of XXX above tolerance, increased with no valid COC. Provide proof of refund, revised Closing Disclosure, COC explaining changes within 60 days of discovery with proof of delivery via shipping method that includes tracking information. | 12.27.24-Client provided PCCD issued XXX | 12.27.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in the same line of work for 27 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 733 qualifying score. Min required per guidelines is 725. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 41.60%, max per guidelines is 50% |
| 1057859 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 2 open tradelines | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 52.56% is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 766 exceeds min score requirement of 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 44.07% is below max DTI of 50%. |
| 1057859 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Waived | B | B | B | B | CRDINC2496 | Verbal verification of employment completed outside the stated requirements and/or after closing/funding | No | VVOE is not dated within 10 days of closing | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 52.56% is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 766 exceeds min score requirement of 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 44.07% is below max DTI of 50%. |
| 1057860 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Income/Employment | Waived | C | B | C | B | CRDINC150 | Income docs do not meet guidelines | No | Per guidelines for P & L Income requirement, third-party prepared profit and loss statement for their XXX on the preparers letterhead; P&L Statement to be signed by third-party preparer. The P & L Statements provided in credit file are not on letterhead nor signed by "third-party" preparer. | 01/13/2025 lender response: Updated ULAW with comp factors uploaded01/13/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factors for LTV, Credit Score, Time at Current Residence and Time XXX.01/14/2025 client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 12 years and 1 month. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with XXX for 28 years and 10 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 779 qualifying score. Min required per guidelines is 750. |
| 1057572 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 21.17%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 5 years 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 808 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX. | |||||||||||||||
| 1057862 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for 24 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 31.49% is below guideline requirements of 80%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 39.24% is below guideline requirement of 50%. | |||||||||||||||
| 1057863 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves verified at XXX. None required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 74.99% is below max DTI of 80%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 36.97% is below max DTI of 50%. | |||||||||||||||
| 1057865 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned departure residence for 19 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 16 years. | |||||||||||||||
| 1057868 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 37 years 6 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is below max LTV of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 791 exceeds min score requirement of 750. | |||||||||||||||
| 1057869 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Missing December 2023 XXX statement from XXX XXX | 01/16/2025 lender response: December 2023 Bank Statement uploaded | 01/16/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 9 years 3 months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 1.1.1996 (28 years, 10 months). CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is below max LTV of 80%. |
| 1057871 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below max LTV of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 734 exceeds min score requirement of 725. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x44. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.46% is below max DTI of 50%. | |||||||||||||||
| 1057872 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 2 open tradelines | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 744 exceeds min score requirement of 725. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.35% is below max DTI of 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 6 years. |
| 1057874 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 5 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 732 qualifying score. Min required per guidelines is 725. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years. | |||||||||||||||
| 1057876 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score exceeds 700 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI below 50% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV below 80% | |||||||||||||||
| 1057574 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued and signed on XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 719 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived at departure residence for over 11 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.99% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. XXX mos required. |
| 1057574 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued and signed on XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 719 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived at departure residence for over 11 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.99% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. XXX mos required. |
| 1057574 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | D | A | D | A | CMPTRID4579 | TRID - CD: Missing Initial CD | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued and signed on XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 719 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived at departure residence for over 11 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.99% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. XXX mos required. |
| 1057877 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 31.08% is below guideline requirement of 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 6 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 3/2016. | |||||||||||||||
| 1057880 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX or XXX months PITI, guidelines required XXX months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 41.54%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with XXX for 7 years and 8 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 27.650%; max allowed per guidelines is 60%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 609 qualifying score. Min required per guidelines is 600. | |||||||||||||||
| 1057575 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.13%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 5 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 9.2.2019 (5 years 3 months). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 763 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history is 0x30x93. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX. | |||||||||||||||
| 1057884 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | B1 does not meet the minimum credit requirements of 3 tradelines greater than 24 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 45.71% is below guideline requirements of 65%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 37.40% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX |
| 1057579 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | Right of Rescission | Waived | B | B | B | B | CMPROR117 | ROR - Expiration date on form prior to end of rescission period | No | ROR expiration date of XXX is prior to end of earliest rescission date allowable of XXX. | 2.7.25-Client acknowledged tradeline exception. | 2.7.25-Final grade B. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 32.09% is below guideline requirements of 60%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 33.08% is below guideline requirement of 50%. |
| 1057580 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | C | B | A | A | D | B | D | A | C | B | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR5081 | Insurance Policy missing required endorsements | No | Per guidelines for refinance, 6 months HOI is required. HOI provided expires XXX. The HUD does not reflect additional HOI months. | Client provided HOI with an effective date of XXX. | Condition satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 10 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed with same profession for 20 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 61.14%; max allowed per guidelines is 80%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 59 months when 12 months are required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 25.50%, max per guidelines is 50%. |
| 1057580 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | C | B | A | A | D | B | D | A | C | B | A | A | Property Valuations | FEMA | Waived | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the XXX FEMA Disaster- Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located neat any fires. | Clayton's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 10 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed with same profession for 20 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 61.14%; max allowed per guidelines is 80%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 59 months when 12 months are required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 25.50%, max per guidelines is 50%. |
| 1057582 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | B | B | A | A | C | B | C | A | B | B | A | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Verified cash reserves of XXX or XXX mos are less than the 12 months PITI reserves required of XXX | 1/29/25- Lender exception approval provided to allow XXX mos reserves | 2/12/25- Exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 759 is above the AAA base score of 750 |
| 1057582 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | B | B | A | A | C | B | C | A | B | B | A | A | Credit | DTI | Satisfied | C | A | C | A | CRDDTI187 | Debt Ratio > 50% | No | Clayton DTI of 59.42% based on total debt of XXX and total income of XXX, is above the maximum DTI of 50%. Clayton Income calculation: Base wages $2,384.62 bi-weekly x 26 / 12 = $5,166.68. Pilot over Guarantee $5,357.07 / 6.435 months = $832.43, Bonus $7,050 / 6.435 months = . Total monthly income documented $7,094.59. Lender Qualifying Income of $8750.00 is unsupported with Income documentation provided. | 1/29/25- Based on Employment letter stating XXX min avg salary per year. DTI reduced below 50%. | 2/12/25- Exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 759 is above the AAA base score of 750 |
| 1057582 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | B | B | A | A | C | B | C | A | B | B | A | A | Credit | LTV/CLTV | Satisfied | C | A | C | A | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | Borrower is First Time Home Buyer without complete rental history of prior 12 months. Max LTV is 70%, and subject closed with 90% LTV. | 1/29/25- 12 mos VOR pymt history provided for review changes LTV from 70% to 90% | 2/12/25- Exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 759 is above the AAA base score of 750 |
| 1057582 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | B | B | A | A | C | B | C | A | B | B | A | A | Property Valuations | FEMA | Waived | B | B | B | B | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | Appraisal is dated XXX, no subsequent inspection since the FEMA Disaster XXX, Public Hurricane XXX.Clayton grades FEMA: Natural Disaster Are, no subsequent inspection (Public) as a non-material B due to the fact that FEMA Public Assistance disasters encompass work eligible for reimbursement through a public assistance grant. These can included: debris removal, emergency protective measures, maintenance of roads and bridges, water control facilities, utilities, parks and recreational facilities. Public assistance does not indicate that damage has occurred to personal; property and does not have a substantive impact on the property. | 1/30/2024- Client acknowledged exception | Final Grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 759 is above the AAA base score of 750 |
| 1057889 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 7 years and 0 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 25 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 17.23% | |||||||||||||||
| 1057890 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements | No | Provide source of donor funds or wire for gift XXX per Gift Letter dated XXX | 01/31/2025 lender response: Gift Wire Receipt from mom and her account to closing uploaded | 01/31/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 29.31% is below guideline requirement of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 783 exceeds guidelines 750. |
| 1057583 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD XXX was received at least 3 business days prior to Closing. | 12.27.24-Client provided Initial CD issued and e-signed XXX | 12.27.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 825 qualifying score. Min required per guidelines is 750 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 97 months when 12 months are required. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 30 years |
| 1057583 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD XXX was received at least 3 business days prior to Closing. | 12.27.24-Client provided Initial CD issued and e-signed XXX. | 12.27.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 825 qualifying score. Min required per guidelines is 750 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 97 months when 12 months are required. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 30 years |
| 1057895 | XXXXXX | XXXXXX | ATR Risk: Non-QM - Lender did not document all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 13 years 6 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below max LTV of 80%. | |||||||||||||||
| 1057896 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER127 | Payment shock does not meet guidelines | No | Borrower has Payment Shock of 3.78 (XXX /XXX = 3.78). Guidelines maximum Payment Shock for First Time Home Buyer is 3.00. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 749 exceeds guidelines 725. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX |
| 1057586 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 31.87% is below guideline requirements of 60%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 779 exceeds guidelines 750. | |||||||||||||||
| 1057897 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance of XXX due to Broker fee (XXX) & Origination fee (XXX) increased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. | 2.13.25-Client provided COC XXX, previously not provided, showing Broker & Origination fee increase. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 1.1.2018 ( 6 years 11 months). CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same line of work for 10 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 61.46% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 760 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history, 0x30x15. |
| 1057897 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER110 | Loan amount exceeds guideline maximum | No | Loan Amount of XXX exceeds maximum of XXX per Guidelines. Lender exception in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 1.1.2018 ( 6 years 11 months). CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same line of work for 10 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 61.46% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 760 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history, 0x30x15. |
| 1057899 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: Laon DTI 11.95%, Max 50% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 743 qualifying score. Min required per guidelines is 725. | |||||||||||||||
| 1057590 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 794 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. XXX mos required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 46.06% is below max DTI of 50% | |||||||||||||||
| 1057592 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | Borrowers are qualifying with Credit Report, with zero Credit Scores. Lender guidelines require Doc Type for Borrowers with zero Credit Scores must be Full Doc. Borrowers are qualifying with 24 months Business Bank Statements. Lender exception is in the file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Assets verified at XXX less cash from borrower XXX equals XXX or XXX months PITIA. CFCFS1736: Significant time at current residence - Clayton Comments: 3 years and 0 months at current residence. |
| 1057900 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance of XXX due to HOA Cert fee added with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. | 1.10.25-Client provided Changed Circumstances Record for XXX, showing reason for HOA Cert Fee being added. | 1.10.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Rental payment history is for 31 months when 12 months are required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 27.15%, max per guidelines is 50%. |
| 1057593 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below max LTV of 90%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 768 exceeds min score requirement of 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.98% is below max DTI of 50%. | |||||||||||||||
| 1057597 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | FEMA | Waived | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- XXX- Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located neat any fires. | Clayton's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 1/2015. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 774 exceeds guidelines 675. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 8 years. |
| 1057598 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below max LTV of 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 776 is below min credit score of 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 20.29% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or XXX mos. XXX mos required. | |||||||||||||||
| 1057905 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | B | A | A | D | A | D | B | C | B | A | A | D | A | Compliance | State Consumer Protection | Satisfied | D | A | D | A | CMPSTCP2057 | Illinois Pred Lend Database - No Cert of Compliance or Cert of Exemption in file | No | Provide IL Cert of Compliance or IL Cert of Exemption. | 2.13.25-Client provided IL Cert of Compliance. | 2.13.25-Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 22 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 25.2% is less than the max DTI 50% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves of XXX are greater than the required reserves of XXX |
| 1057905 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | B | A | A | D | A | D | B | C | B | A | A | D | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | Credit report in file dated XXX was more than 90 days prior to the note date of XXX | 02/10/2025 lender response: Uploading XXX Lending credit pulled XXX02/10/2025 Clayton response: Upload was not received. Please upload again.02/13/2025 lender response: XXX Lending credit report re-uploaded | 02/13/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 22 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 25.2% is less than the max DTI 50% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves of XXX are greater than the required reserves of XXX |
| 1057905 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | B | A | A | D | A | D | B | C | B | A | A | D | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Loan approved at 80% LTV, max for P&L program is 75%. Exception approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 22 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 25.2% is less than the max DTI 50% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves of XXX are greater than the required reserves of XXX |
| 1057907 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2496 | Verbal verification of employment completed outside the stated requirements and/or after closing/funding | No | VVOE for Borrower XXX is dated XXX and Note date XXX. Date variance is greater than 3 days, which is required by guidelines. | 01/22/2025 lender provided VOE | 01/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV below 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: more than 12 months reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score exceeds |
| 1057605 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 90%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 16 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 773 exceeds guidelines 750. | |||||||||||||||
| 1057914 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 37 months when 12 months are required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 85%. CFCFS1744: DTI below guideline requirement - Clayton Comments: Loan DTI 3.74% is less than the maximum DTI of 50% | |||||||||||||||
| 1057915 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide Initial CD issued XXX received 3 business days prior to closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX | 2.13.24-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 20.81%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 9.13.2018 ( 6 years, 4 months). CFCFS2854: Significant time in profession - Clayton Comments: Borrowers have significant time in profession, 7 years 2 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35% is below max LTV of 60%. |
| 1057915 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide Initial CD issued XXX received 3 business days prior to closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 20.81%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 9.13.2018 ( 6 years, 4 months). CFCFS2854: Significant time in profession - Clayton Comments: Borrowers have significant time in profession, 7 years 2 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35% is below max LTV of 60%. |
| 1057915 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | Recording fee increase of $24 above tolerance, increased with no valid COC. Provide proof of refund, revised Closing Disclosure, COC explaining changes within 60 days of discovery with proof of delivery via shipping method that includes tracking information. | 2.13.25-Client provided Initial CD issued & e-signed XXX.2.20.25-Client provided PCCD issued XXX, previously provided. PCCD reflecting XXX cure.Appraisal Fee XXX + Credit Report Fee XXX = XXX. Outstanding amount $24 for Recording Fee.2.24.25-Client provided PCCD issued XXX, copy of Refund Check & copy of Tracking information. | 2.13.25-Exception Remains.2.20.25-Exception Remains.2.24.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 20.81%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 9.13.2018 ( 6 years, 4 months). CFCFS2854: Significant time in profession - Clayton Comments: Borrowers have significant time in profession, 7 years 2 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35% is below max LTV of 60%. |
| 1057916 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Max LTV for P&L program is 75%LTV, loan approved at 80%LTV. Exception approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves XXX required reserves of XXX. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 6.31%%, max per guidelines is 50%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Rental payment history is 0 x 30 for 48 months when 12 months are required. |
| 1057916 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER127 | Payment shock does not meet guidelines | No | Payment Shock of XXX (XXX) exceeds guidelines maximum of 3.00 times current rental payment, for First Time Home Buyer. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves XXX required reserves of XXX. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 6.31%%, max per guidelines is 50%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Rental payment history is 0 x 30 for 48 months when 12 months are required. |
| 1057919 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 29.63%, max per guidelines is 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 1.1.2010 ( 15 years). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 721 exceeds min score requirement of 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 73.46% is below max LTV of 80%. | |||||||||||||||
| 1057920 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | C | B | C | B | C | B | C | A | C | B | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof CD XXX was received at least 3 business days prior to closing. | 1.28.25-Client provided CD XXX issued and signed XXX. It does not meet the criteria of receipt at least 3 days prior to closing date of XXX.2.13.25-Client provided handwritten 3 day waiting period waiver letter. | 1.28.25-Exception Remains.2.13.25-Exception Remains.2.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 801 qualifying score. Min required per guidelines is 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has significant time at current residence, 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession 25 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 24.39% is below max LTV of 90%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x29 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX. |
| 1057920 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | C | B | C | B | C | B | C | A | C | B | C | B | Compliance | TILA/RESPA Integrated Disclosure | Waived | B | B | B | B | CMPTRID3492 | TRID - Waiver of TRID waiting period in file | No | 3 day waiting period not met, Waiver of TRID waiting period in file. | 2.13.25-Client acknowledged tradeline exception.2.14.25-Client acknowledged tradeline exception. | 2.13.25-Final Grade B. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 801 qualifying score. Min required per guidelines is 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has significant time at current residence, 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession 25 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 24.39% is below max LTV of 90%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x29 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX. |
| 1057920 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | C | B | C | B | C | B | C | A | C | B | C | B | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Missing Condo Master Hazard Policy | 01/27/2025 lender provided Master policy | 01/27/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 801 qualifying score. Min required per guidelines is 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has significant time at current residence, 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession 25 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 24.39% is below max LTV of 90%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x29 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX. |
| 1057920 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | C | B | C | B | C | B | C | A | C | B | C | B | Property Valuations | FEMA | Waived | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster -XXX-Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located neat any fires. | Clayton's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 801 qualifying score. Min required per guidelines is 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has significant time at current residence, 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession 25 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 24.39% is below max LTV of 90%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x29 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX. |
| 1057609 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 74.99% is below guideline requirements of 85%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 12 years. | |||||||||||||||
| 1057611 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST206 | Asset Amounts Are Unsupported by Documentation in File | No | Verified assets XXX. Cash to close XXX. Post-closing cash reserves XXX months reserves. 6 mos required. Lender exception approval provided allowing 3 mos. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 13 years and 4 months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with FM Pools for 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 85%; max allowed per guidelines is 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 36.80%, max per guidelines is 50%. |
| 1057613 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID5115 | TRID - Closing Disclosure: The Creditors Brokers or Contact persons NMLS or State ID is missing | No | Provide CD issued XXX to include all pages, pages 4 & 5 are missing. | 2.13.25-Client provided Initial CD for a different loan #/borrower.2.20.25-Client provided XXX LE & CD Log showing CD XXX was not issued to borrower. | 2.13.25-Exception Remains.2.20.25-Exception Satisfied. | Numeric | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 8.12% is below guideline requirement of 50%. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has rented departure residence for 5 years. |
| 1057923 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is below max LTV of 65%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX | |||||||||||||||
| 1057616 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Available for reserves XXX. GL required 6 months or XXX= XXX. Short reserves XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 85% is below max LTV of 90%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history 0x30x46 |
| 1057617 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 717 qualifying score. Min required per guidelines is 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 17.99% is less than the maximum of 50% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves verified XXX, required XXX | |||||||||||||||
| 1057925 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | TILA/RESPA Integrated Disclosure | Waived | B | B | B | B | CMPTRID3492 | TRID - Waiver of TRID waiting period in file | No | 3 day waiting period not met, Waiver of TRID waiting period in file. | 2.13.25-Client acknowledged tradeline exception. | 2.13.25-Final Grade B. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX. Required reserves XXX mos or XXX=XXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 705 exceeds min score requirement of 700. |
| 1057622 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | B1 does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 5.13% is below guideline requirement of 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 36.95% is below guideline requirements of 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves XXX exceed guidelines XXX |