Exhibit 99.9 Schedule 2
| Seller | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXX | xxxxxx1589 | Closed | 2023-01-19 12:50 | 2025-01-06 14:14 | Resolved | 1 - Information | C | A | Property | Appraisal | Missing Core Valuation Product | Resolved-The valuation entries contain one of the core valuation types or all appraisals are waived. - Due Diligence Vendor-01/20/2023 Ready for Review-Document Uploaded. AVM was providing in lieu of no score on SSR. Not sure what else is needed. Please clarify. - Seller-01/19/2023 Open-Missing Core Valuation Product Need secondary valuation as Collateral Underwriter (CU) in file, does not have a score. - Due Diligence Vendor-01/19/2023 |
Ready for Review-Document Uploaded. AVM was providing in lieu of no score on SSR. Not sure what else is needed. Please clarify. - Seller-01/19/2023 |
Resolved-The valuation entries contain one of the core valuation types or all appraisals are waived. - Due Diligence Vendor-01/20/2023 |
XXXX | MA | Investment | Refinance | Cash Out - Other | 819017 | N/A | N/A | ||||
| XXXX | xxxxxx1589 | Closed | 2023-01-17 12:55 | 2023-01-23 15:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Finding was added to question the expired lease agreement in the file The client confirmed the business purpose of subject property is a short term rental. - Due Diligence Vendor-01/23/2023 Ready for Review-Document Uploaded. - Seller-01/20/2023 Open-4 unit property but lease provided for only 1 unit on page#30,31 which is expired - Due Diligence Vendor-01/17/2023 |
Ready for Review-Document Uploaded. - Seller-01/20/2023 |
Resolved-Finding was added to question the expired lease agreement in the file The client confirmed the business purpose of subject property is a short term rental. - Due Diligence Vendor-01/23/2023 |
XXXX | MA | Investment | Refinance | Cash Out - Other | 815386 | N/A | N/A | ||||
| XXXX | xxxxxx1631 | Closed | 2023-01-19 10:26 | 2023-01-25 23:01 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-01/25/2023 Ready for Review-Document Uploaded. - Seller-01/25/2023 Open-Final HUD-1 Document is Missing. - Due Diligence Vendor-01/19/2023 |
Ready for Review-Document Uploaded. - Seller-01/25/2023 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-01/25/2023 |
XXXX | OK | Investment | Purchase | NA | 818847 | N/A | N/A | ||||
| XXXX | xxxxxx1021 | Closed | 2023-03-01 06:29 | 2023-03-09 14:21 | Resolved | 1 - Information | C | A | Compliance | Closing | HUD-1 not executed properly | Resolved-Final HUD received and updated to review, resolved. - Due Diligence Vendor-03/09/2023 Ready for Review-Document Uploaded. Document Uploaded. - Seller-03/08/2023 Open-Property is in dry funding state. Provide HUD Final Certified Copy. - Due Diligence Vendor-03/01/2023 |
Ready for Review-Document Uploaded. Document Uploaded. - Seller-03/08/2023 |
Resolved-Final HUD received and updated to review, resolved. - Due Diligence Vendor-03/09/2023 |
XXXX | NM | Investment | Refinance | Cash Out - Other | 873244 | N/A | N/A | ||||
| XXXX | xxxxxx1725 | Closed | 2023-05-17 12:06 | 2023-05-30 14:06 | Resolved | 1 - Information | C | A | Credit | Credit | Guarantor Recourse Document is missing | Resolved-Personal Guaranty agreement received and updated to BPV2 page. Resolved. - Due Diligence Vendor-05/30/2023 Ready for Review-Document Uploaded. - Seller-05/26/2023 Counter-The document provided is a 1003 form. May you please provide the Personal Guaranty agreement? - Due Diligence Vendor-05/22/2023 Ready for Review-Document Uploaded. Document Uploaded. - Seller-05/19/2023 Open-Request to provide Personal Guaranty agreement as borrower signed as Individual guarantor. - Due Diligence Vendor-05/17/2023 |
Ready for Review-Document Uploaded. - Seller-05/26/2023 Ready for Review-Document Uploaded. Document Uploaded. - Seller-05/19/2023 |
Resolved-Personal Guaranty agreement received and updated to BPV2 page. Resolved. - Due Diligence Vendor-05/30/2023 |
XXXX | NJ | Investment | Refinance | Cash Out - Other | 970495 | N/A | N/A | ||||
| XXXX | xxxxxx1725 | Closed | 2023-05-17 12:17 | 2023-05-30 13:55 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-The Final 1003 is Present - Due Diligence Vendor-05/30/2023 Ready for Review-Document Uploaded. - Seller-05/26/2023 Open-The Final 1003 is Missing - Due Diligence Vendor-05/17/2023 |
Ready for Review-Document Uploaded. - Seller-05/26/2023 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-05/30/2023 |
XXXX | NJ | Investment | Refinance | Cash Out - Other | 970517 | N/A | N/A | ||||
| XXXX | xxxxxx2129 | Closed | 2023-06-15 11:36 | 2023-06-20 20:53 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Per GLs XXXX SHORT TERM RENTAL (STR) Use the gross rents reduced by 20% to reflect extraordinary costs. $XXXX x .80 / 12 = $XXXX. Resolved. - Due Diligence Vendor-06/20/2023 Ready for Review-Document Uploaded. - Seller-06/16/2023 Open-XXXX document is missing in package. Request to provide proof for $XXXX. - Due Diligence Vendor-06/15/2023 |
Ready for Review-Document Uploaded. - Seller-06/16/2023 |
Resolved-Per GLs section XXXX SHORT TERM RENTAL (STR) Use the gross rents reduced by 20% to reflect extraordinary costs. $XXXX x .80 / 12 = $XXXX. Resolved. - Due Diligence Vendor-06/20/2023 |
XXXX | FL | Investment | Purchase | NA | 1007867 | N/A | N/A | ||||
| XXXX | xxxxxx1381 | Closed | 2023-06-22 13:58 | 2023-06-29 09:07 | Resolved | 1 - Information | C | A | Credit | Credit | Guarantor Recourse Document is missing | Resolved-Resolved - Due Diligence Vendor-06/29/2023 Ready for Review-This loan is not in our BPL channel. So they are only able to vest in the LLC. Note will be in the borrowers name. - Buyer-06/27/2023 Counter-May I follow up on the documents provided? May you please provide the guarantor recourse document in order to resolve? - Due Diligence Vendor-06/25/2023 Ready for Review-Document Uploaded. Please see the attached LLC documents. - Buyer-06/22/2023 Open-Vesting is in an LLC - Due Diligence Vendor-06/22/2023 |
Resolved-Resolved - Due Diligence Vendor-06/29/2023 |
XXXX | PA | Investment | Purchase | NA | 1017159 | N/A | N/A | |||||
| XXXX | xxxxxx1381 | Closed | 2023-06-16 13:57 | 2023-06-23 06:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Assets) | Resolved-Resolved, the account is of the borrower XXXX OR XXXX, so an access letter is not required. - Due Diligence Vendor-06/23/2023 Ready for Review-Document Uploaded. The account is the borrower OR XXXX so an access letter is not required - Buyer-06/22/2023 Open-1. Provide Access letter from XXXX we can use funds from XXXX bank #XXXX - Due Diligence Vendor-06/16/2023 |
Resolved-Resolved, the account is of the borrower XXXX OR XXXX, so an access letter is not required. - Due Diligence Vendor-06/23/2023 |
XXXX | PA | Investment | Purchase | NA | 1009830 | N/A | N/A | |||||
| XXXX | xxxxxx1368 | Closed | 2023-07-21 08:02 | 2023-08-02 05:11 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Lender Loan Approval uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-08/02/2023 Ready for Review-Document Uploaded. Document Uploaded. - Seller-08/01/2023 Open-Request you to provide the loan approval form as it is missing in file. - Due Diligence Vendor-07/21/2023 |
Ready for Review-Document Uploaded. Document Uploaded. - Seller-08/01/2023 |
Resolved-Lender Loan Approval uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-08/02/2023 |
XXXX | MI | Investment | Refinance | Cash Out - Other | 1063957 | N/A | N/A | ||||
| XXXX | xxxxxx1368 | Closed | 2023-07-21 11:22 | 2023-07-24 12:53 | Waived | 2 - Non-Material | B | B | Property | Property | Property Type does not meet eligibility requirement(s) | Waived-Exception approved to use the 1007 as STR verification on a rural property for the DSCR with some supporting history of STR, but not the 12 months history. - Due Diligence Vendor-07/21/2023 | Waived-Exception approved to use the 1007 as STR verification on a rural property for the DSCR with some supporting history of STR, but not the 12 months history. - Due Diligence Vendor-07/21/2023 |
Comp Factors #1: LTV low - under 50%, Experienced Investor, DSCR at least 1.00. Comp Factors #2: Experienced Investor Comp Factors #3: DSCR at least 1.00 |
MI | Investment | Refinance | Cash Out - Other | 1064084 | Originator Pre-Close | No | |||||
| XXXX | xxxxxx2056 | Closed | 2023-10-31 07:37 | 2023-11-30 15:59 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Document Uploaded. - Due Diligence Vendor-11/30/2023 Resolved-Confirmed the per diem date of XXXX on the HUD. Resolved. - Due Diligence Vendor-11/29/2023 Ready for Review-Document Uploaded. - Seller-11/27/2023 Counter-Property is not in a dry funding state and funded XXXX per final HUD. Please furnish an updated policy or no loss letter. Thanks - Due Diligence Vendor-11/22/2023 Ready for Review-Document Uploaded. - Seller-11/22/2023 Open-Hazard Insurance Effective Date of XXXX is after the Note Date and disbursement date of XXXX. please furnish an updated policy of no loss letter. - Due Diligence Vendor-11/22/2023 Rescinded-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-10/31/2023 |
Ready for Review-Document Uploaded. - Seller-11/27/2023 Ready for Review-Document Uploaded. - Seller-11/22/2023 |
Resolved-Document Uploaded. - Due Diligence Vendor-11/30/2023 Resolved-Confirmed the per diem date of XXXX on the HUD. Resolved. - Due Diligence Vendor-11/29/2023 Rescinded-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-10/31/2023 |
XXXX | TX | Investment | Purchase | NA | 1237511 | N/A | N/A | ||||
| XXXX | xxxxxx2056 | Closed | 2023-10-31 08:30 | 2023-11-29 18:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-11/21/2023 Ready for Review-Document Uploaded. - Seller-11/17/2023 Counter-Escrows are waived. Please correct the box checked for Escrow (T&I) on the 1008. - Due Diligence Vendor-11/16/2023 Ready for Review-Document Uploaded. - Seller-11/14/2023 Counter-Please correct the Escrow (T&I) selection. Per review escrows are waived however yes is selected for Escrow (T&I). - Due Diligence Vendor-11/14/2023 Ready for Review-Document Uploaded. - Seller-11/10/2023 Open-The 1008 document is missing from the loan file. Provide 1008 document updated Escrow information. Escrows are waived. 1008 shows Yes. - Due Diligence Vendor-10/31/2023 |
Ready for Review-Document Uploaded. - Seller-11/17/2023 Ready for Review-Document Uploaded. - Seller-11/14/2023 Ready for Review-Document Uploaded. - Seller-11/10/2023 |
Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-11/21/2023 |
XXXX | TX | Investment | Purchase | NA | 1237555 | N/A | N/A | ||||
| XXXX | xxxxxx2890 | Closed | 2023-12-07 18:13 | 2023-12-08 08:43 | Resolved | 1 - Information | C | A | Credit | Credit | Assets not properly documented/insufficient | Resolved-XXXX bank statements have been uploaded. Hence resolved - Due Diligence Vendor-12/08/2023 Ready for Review-Document Uploaded. - Seller-12/07/2023 Open-Please provide additional statements for the XXXX account XXXX. We received the XXXX statement but no additional months are in file - Due Diligence Vendor-12/07/2023 |
Ready for Review-Document Uploaded. - Seller-12/07/2023 |
Resolved-XXXX bank statements have been uploaded. Hence resolved - Due Diligence Vendor-12/08/2023 |
XXXX | MD | Investment | Purchase | NA | 1298210 | N/A | N/A | ||||
| XXXX | xxxxxx2162 | Closed | 2024-02-27 08:19 | 2024-03-01 07:57 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Updated title commitment uploaded verifying Title Coverage Amount of $XXXX is equal to Total Amount of Subject Lien, verified & entered in system - Resolved. - Due Diligence Vendor-03/01/2024 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/01/2024 Ready for Review-Document Uploaded. - Seller-02/29/2024 Open-Title Coverage Amount of $XXXX is Less than Total Amount of Subject Lien(s) Request to provide updated title as the loan amount is less than actual loan amount in title. - Due Diligence Vendor-02/27/2024 |
Ready for Review-Document Uploaded. - Seller-02/29/2024 |
Resolved-Updated title commitment uploaded verifying Title Coverage Amount of $XXXX is equal to Total Amount of Subject Lien, verified & entered in system - Resolved. - Due Diligence Vendor-03/01/2024 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/01/2024 |
XXXX | AZ | Investment | Purchase | NA | 1455219 | N/A | N/A | ||||
| XXXX | xxxxxx2162 | Closed | 2024-02-27 13:30 | 2024-03-01 07:54 | Resolved | 1 - Information | C | A | Credit | Credit | Deficient AUS/Loan Approval | Resolved-Updated Lender Loan Approval form uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-03/01/2024 Ready for Review-Document Uploaded. - Seller-02/29/2024 Ready for Review-Document Uploaded. - Seller-02/29/2024 Open-Rental income source is incorrect. It is from XXXX and not 1007. - Due Diligence Vendor-02/27/2024 |
Ready for Review-Document Uploaded. - Seller-02/29/2024 Ready for Review-Document Uploaded. - Seller-02/29/2024 |
Resolved-Updated Lender Loan Approval form uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-03/01/2024 |
XXXX | AZ | Investment | Purchase | NA | 1455534 | N/A | N/A | ||||
| XXXX | xxxxxx1589 | Closed | 2024-05-10 14:04 | 2024-05-29 17:39 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-XXXX agrees with exception - Due Diligence Vendor-05/29/2024 Ready for Review- - Due Diligence Vendor-05/28/2024 Resolved- - Due Diligence Vendor-05/28/2024 Ready for Review-Document Uploaded. Please see the exception - Buyer-05/24/2024 Open-Housing History Does Not Meet Guideline Requirements Exception is on page: 785. Exception for no primary housing history is approved. Approval is contingent on additional documentation to support the borrower’s primary residence and living rent-free. - Due Diligence Vendor-05/10/2024 |
Waived-XXXX agrees with exception - Due Diligence Vendor-05/29/2024 |
XXXX | Comp factors include: 6 months reserves (min 3 months), seasoned investor with 763 FICO and multiple mortgages 0x30 for most recent 3 years. |
OH | Investment | Purchase | NA | 1671695 | Investor Post-Close | No | ||||
| XXXX | xxxxxx1589 | Closed | 2024-05-12 02:42 | 2024-05-28 08:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-EIN Doc uploaded. Resolved - Due Diligence Vendor-05/28/2024 Ready for Review-Document Uploaded. Please see the attached EIN number - Buyer-05/24/2024 Open-Please provide Business Entity EIN. - Due Diligence Vendor-05/12/2024 |
Resolved-EIN Doc uploaded. Resolved - Due Diligence Vendor-05/28/2024 |
XXXX | OH | Investment | Purchase | NA | 1675924 | N/A | N/A | |||||
| XXXX | xxxxxx1128 | Closed | 2024-09-07 06:38 | 2024-09-11 16:16 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.123%) APR equals or exceeds the Federal HPML threshold of (8.19%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.69%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 350 and the Final Closing disclosure on Pg#’s 200, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 191 An interior and exterior appraisal was completed for this property – see pg 36, the appraisal disclosure was provided to the borrower(s)- see Pg#’425 in file and confirmation the appraisal was delivered to the borrower – see Pg#248 The loan meets HPML guidelines - Due Diligence Vendor-09/07/2024 |
Resolved-The loan's (9.123%) APR equals or exceeds the Federal HPML threshold of (8.19%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.69%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 350 and the Final Closing disclosure on Pg#’s 200, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 191 An interior and exterior appraisal was completed for this property – see pg 36, the appraisal disclosure was provided to the borrower(s)- see Pg#’425 in file and confirmation the appraisal was delivered to the borrower – see Pg#248 The loan meets HPML guidelines - Due Diligence Vendor-09/07/2024 |
NJ | Primary Residence | Purchase | NA | 2326687 | N/A | N/A | ||||||
| XXXX | xxxxxx1874 | Closed | 2024-09-17 19:42 | 2024-09-20 13:52 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA (3) | Resolved-1004D confirmed on Property page. Resolved - Due Diligence Vendor-09/20/2024 Ready for Review-Please re-review and waive this condition. There is an Appraisal Update (1004D) with an inspection date of XXXX in which the appraiser states no deficiencies were found with the property - photos provided. It is page 74 of your file upload. - Seller-09/19/2024 Open-Property potentially affected by FEMA Disaster. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-09/17/2024 |
Ready for Review-Please re-review and waive this condition. There is an Appraisal Update (1004D) with an inspection date of XXXX in which the appraiser states no deficiencies were found with the property - photos provided. It is page 74 of your file upload. - Seller-09/19/2024 |
Resolved-1004D confirmed on Property page. Resolved - Due Diligence Vendor-09/20/2024 |
FL | Investment | Refinance | No Cash Out - Borrower Initiated | 2393201 | N/A | N/A | |||||
| XXXX | xxxxxx1503 | Closed | 2024-11-04 20:18 | 2024-11-12 19:58 | Resolved | 1 - Information | C | A | Compliance | Closing | Loan Originator NMLS Status is Not Active | Resolved- - Due Diligence Vendor-11/12/2024 Resolved-Clarification received. Resolved - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. - Seller-11/07/2024 Open-Loan Originator NMLS Status is Not Active NMLS does not indicate the LO is active or authorized to do business in any state - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. - Seller-11/07/2024 |
Resolved-Clarification received. Resolved - Due Diligence Vendor-11/08/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2739850 | N/A | N/A | ||||
| XXXX | xxxxxx1503 | Closed | 2024-11-01 07:14 | 2024-11-12 07:12 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Lender Approval Form uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-11/12/2024 Ready for Review-Document Uploaded. - Seller-11/11/2024 Open-Request to provide Approval form with the corrected P&I listed in uniformity with the updated 1008 - Due Diligence Vendor-11/01/2024 |
Ready for Review-Document Uploaded. - Seller-11/11/2024 |
Resolved-Lender Approval Form uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-11/12/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2725865 | N/A | N/A | ||||
| XXXX | xxxxxx1503 | Closed | 2024-11-01 07:10 | 2024-11-12 07:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Updated 1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-11/12/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-11/12/2024 Ready for Review-Document Uploaded. - Seller-11/11/2024 Open-The 1008 document is missing from the loan file. 1008 shows P&I amount of $XXXX whereas all other final documents (Note, Final CD, First Payment Letter, etc) indicate $XXXX. Request to provide updated 1008 with correct P&I amount and Risk Assessment. Guidelines state Manual Underwriting is a requirement - Due Diligence Vendor-11/01/2024 |
Ready for Review-Document Uploaded. - Seller-11/11/2024 |
Resolved-Updated 1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-11/12/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-11/12/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2725856 | N/A | N/A | ||||
| XXXX | xxxxxx1503 | Closed | 2024-11-04 22:22 | 2024-11-08 14:07 | Resolved | 1 - Information | C | A | Credit | Credit | FEMA disaster issue and/or risk. | Resolved-Condition report indicating no damage from open disaster. Resolved per attestation - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. - Seller-11/07/2024 Open-Property potentially affected by FEMA Disaster. XXXX - Declared XXXX without an Incident End Date with Public Assistance: YES and Individual Assistance: YES. After the disaster end date, a Property inspection with exterior photos is required. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. - Seller-11/07/2024 |
Resolved-Condition report indicating no damage from open disaster. Resolved per attestation - Due Diligence Vendor-11/08/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2741100 | N/A | N/A | ||||
| XXXX | xxxxxx1503 | Closed | 2024-11-04 22:17 | 2024-11-08 14:07 | Resolved | 1 - Information | B | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) PUBLIC ASSISTANCE AREA | Resolved-Condition report indicating no damage from open disaster. Resolved per attestation - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. - Seller-11/07/2024 Open-Property potentially affected by FEMA Disaster. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: NO. Property inspection with exterior photos required. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. - Seller-11/07/2024 |
Resolved-Condition report indicating no damage from open disaster. Resolved per attestation - Due Diligence Vendor-11/08/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2741040 | N/A | N/A | ||||
| XXXX | xxxxxx1503 | Closed | 2024-11-04 22:32 | 2024-11-08 14:07 | Resolved | 1 - Information | C | A | Credit | Credit | FEMA disaster issue and/or risk. (2) | Resolved-Condition report indicating no damage from open disaster. Resolved per attestation - Due Diligence Vendor-11/08/2024 Ready for Review-Document Uploaded. - Seller-11/07/2024 Open-Property potentially affected by FEMA Disaster. XXXX - Declared XXXX without an Incident End Date with Public Assistance: YES and Individual Assistance: YES. After the disaster end date, a Property inspection with exterior photos is required. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. - Seller-11/07/2024 |
Resolved-Condition report indicating no damage from open disaster. Resolved per attestation - Due Diligence Vendor-11/08/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2741133 | N/A | N/A | ||||
| XXXX | xxxxxx1503 | Closed | 2024-11-01 08:24 | 2024-11-01 08:31 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.766%) APR equals or exceeds the Federal HPML threshold of (7.93%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.43%).(12 CFR 1026.35(a)(1)(i)) The loan's (9.498%) APR equals or exceeds the Federal HPML threshold of (7.62%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.12%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg# 509 and the Final Closing disclosure on Pg# 284, Finding reflects escrows. Rate lock date was entered correctly – see Pg#281. An interior and exterior appraisal was completed for this property – see pg#15, the appraisal disclosure was provided to the borrower(s)- see Pg# 590, and confirmation the appraisal was delivered to the borrower – see Pg#590.The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/01/2024 | Resolved-The loan's (8.766%) APR equals or exceeds the Federal HPML threshold of (7.93%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.43%).(12 CFR 1026.35(a)(1)(i)) The loan's (9.498%) APR equals or exceeds the Federal HPML threshold of (7.62%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.12%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg# 509 and the Final Closing disclosure on Pg# 284, Finding reflects escrows. Rate lock date was entered correctly – see Pg#281. An interior and exterior appraisal was completed for this property – see pg#15, the appraisal disclosure was provided to the borrower(s)- see Pg# 590, and confirmation the appraisal was delivered to the borrower – see Pg#590.The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/01/2024 |
FL | Primary Residence | Purchase | NA | 2726047 | N/A | N/A | ||||||
| XXXX | xxxxxx2597 | Closed | 2024-11-26 10:28 | 2025-01-08 13:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/08/2025 Resolved-Property profile uploaded. Resolved. - Due Diligence Vendor-01/06/2025 Ready for Review-Document Uploaded. - Seller-01/03/2025 Counter-Please provide LOX. - Due Diligence Vendor-12/11/2024 Ready for Review-Per UW, House is free and clear do not need housing history owned since XXXX - Seller-12/09/2024 Open-Housing History Does Not Meet Guideline Requirements Provide the 12 months housing history. - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. - Seller-01/03/2025 Ready for Review-Per UW, House is free and clear do not need housing history owned since XXXX - Seller-12/09/2024 |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/08/2025 Resolved-Property profile uploaded. Resolved. - Due Diligence Vendor-01/06/2025 |
XXXX | NV | Primary Residence | Refinance | Cash Out - Other | 2883546 | N/A | N/A | ||||
| XXXX | xxxxxx2597 | Closed | 2024-11-26 04:10 | 2025-01-08 13:19 | Resolved | 1 - Information | C | A | Compliance | Predatory:Restrictions | Federal - Section 32 Disclosure Required (High Cost) | Resolved-. - Due Diligence Vendor-01/08/2025 Ready for Review-. - Due Diligence Vendor-01/06/2025 Ready for Review-Document Uploaded. - Seller-01/03/2025 Open-This is a Federal High Cost Loan. Since the loan file does not contain a Section 32 Sign Date, the System assumes the creditor did not furnish the Federal High Cost Section 32 disclosures at least 3 business days prior to consummation, in violation of Reg Z. (12 CFR 1026.31(c) and 1026.32(c)) Undiscounted rate required. This is a Federal High Cost Loan. Since the loan file does not contain a Section 32 Sign Date, the System assumes the creditor did not furnish the Federal High Cost Section 32 disclosures at least 3 business days prior to consummation, in violation of Reg Z. (12 CFR 1026.31(c) and 1026.32(c)) - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. - Seller-01/03/2025 |
Resolved-. - Due Diligence Vendor-01/08/2025 |
XXXX | NV | Primary Residence | Refinance | Cash Out - Other | 2882780 | N/A | N/A | ||||
| XXXX | xxxxxx2597 | Closed | 2024-11-26 04:10 | 2025-01-08 13:19 | Resolved | 1 - Information | C | A | Compliance | Predatory:LateFees | Federal - Maximum Late Fee (01/14) | Resolved-. - Due Diligence Vendor-01/08/2025 Ready for Review-. - Due Diligence Vendor-01/06/2025 Ready for Review-Document Uploaded. - Seller-01/03/2025 Open-You submitted a late fee amount of ($46.40) and a (5.0%) Late Fee Percent. In connection with a Federal High-Cost Mortgage any late payment charge must be specifically permitted by the terms of the loan contract or open-end credit agreement and may not exceed 4% of the amount of the payment past due. No such charge may be imposed more than once for a single late payment. (12 CFR 1026.34(a)(8)(i)) Undiscounted rate required. You submitted a late fee amount of ($46.40) and a (5.0%) Late Fee Percent. In connection with a Federal High-Cost Mortgage any late payment charge must be specifically permitted by the terms of the loan contract or open-end credit agreement and may not exceed 4% of the amount of the payment past due. No such charge may be imposed more than once for a single late payment. (12 CFR 1026.34(a)(8)(i)) - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. - Seller-01/03/2025 |
Resolved-. - Due Diligence Vendor-01/08/2025 |
XXXX | NV | Primary Residence | Refinance | Cash Out - Other | 2882782 | N/A | N/A | ||||
| XXXX | xxxxxx2597 | Closed | 2024-12-02 13:37 | 2025-01-06 13:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-01/06/2025 Resolved-Lender Approval uploaded. - Due Diligence Vendor-01/03/2025 Counter-Purpose of cash and BS type are still blank. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. - Seller-12/09/2024 Open-The 1008 document is missing from the loan file. Matrix date missing from Approval on pg 385, BS Type missing, and purpose of cashout missing on approval. Provide updated approval. - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. - Seller-12/09/2024 |
Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-01/06/2025 Resolved-Lender Approval uploaded. - Due Diligence Vendor-01/03/2025 |
XXXX | NV | Primary Residence | Refinance | Cash Out - Other | 2905029 | N/A | N/A | ||||
| XXXX | xxxxxx2597 | Closed | 2024-11-26 03:45 | 2024-12-03 09:46 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-PCCD uploaded, Disbursement date XXXX is same as the Hazard Insurance Effective Date of XXXX, Verified & entered in system - Resolved - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. Disbursement date XXXX - Seller-12/02/2024 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Hazard Insurance Effective Date XXXX is after the Disbursement date of XXXX. - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. Disbursement date 11/20/2024 - Seller-12/02/2024 |
Resolved-PCCD uploaded, Disbursement date XXXX is same as the Hazard Insurance Effective Date of XXXX, Verified & entered in system - Resolved - Due Diligence Vendor-12/03/2024 |
XXXX | NV | Primary Residence | Refinance | Cash Out - Other | 2882743 | N/A | N/A | ||||
| XXXX | xxxxxx2597 | Closed | 2024-11-26 04:10 | 2025-01-08 13:19 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.583%) APR equals or exceeds the Federal HPML threshold of (7.86%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.36%).(12 CFR 1026.35(a)(1)(i)) . - Due Diligence Vendor-01/08/2025 Resolved-. - Due Diligence Vendor-01/06/2025 Resolved-The loan's (8583.0%) APR equals or exceeds the Federal HPML threshold of (7.86%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.36%).(12 CFR 1026.35(a)(1)(i)) "This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 332and the Final Closing disclosure on Pg#’s 180, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 179. An interior and exterior appraisal was completed for this property – see pg 20, the appraisal acknowledgment was provided to the borrower(s)- see Pg#’s 372, and confirmation the appraisal was delivered to the borrower – see Pg#’s 19, and HPML Page # 335.The loan meets HPML guidelines, resolved. " - Due Diligence Vendor-11/26/2024 |
Resolved-The loan's (8.583%) APR equals or exceeds the Federal HPML threshold of (7.86%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.36%).(12 CFR 1026.35(a)(1)(i)) . - Due Diligence Vendor-01/08/2025 Resolved-. - Due Diligence Vendor-01/06/2025 Resolved-The loan's (8583.0%) APR equals or exceeds the Federal HPML threshold of (7.86%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.36%).(12 CFR 1026.35(a)(1)(i)) "This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 332and the Final Closing disclosure on Pg#’s 180, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 179. An interior and exterior appraisal was completed for this property – see pg 20, the appraisal acknowledgment was provided to the borrower(s)- see Pg#’s 372, and confirmation the appraisal was delivered to the borrower – see Pg#’s 19, and HPML Page # 335.The loan meets HPML guidelines, resolved. " - Due Diligence Vendor-11/26/2024 |
NV | Primary Residence | Refinance | Cash Out - Other | 2882784 | N/A | N/A | ||||||
| XXXX | xxxxxx2944 | Closed | 2024-11-26 11:16 | 2024-12-12 13:24 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is complete. The ULI was provided. - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. - Seller-12/10/2024 Open-The Final 1003 is Incomplete Provide the updated final 1003 with ULI number on it. we have final 1003 but ULI is missing. - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. - Seller-12/10/2024 |
Resolved-The Final 1003 is complete. The ULI was provided. - Due Diligence Vendor-12/12/2024 |
XXXX | MD | Primary Residence | Purchase | NA | 2883684 | N/A | N/A | ||||
| XXXX | xxxxxx2944 | Closed | 2024-11-26 11:09 | 2024-12-11 08:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Updated 1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/11/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. - Seller-12/10/2024 Open-The 1008 document is missing from the loan file. The 1008 provided is not the Final 1008. The 1008 provided lists $XXX as the P&I, but the Note shows $XXX. The HOI & Tax amounts are not correct, per the Final CD. The "All Other Monthly Payments" lists only the Credit Card Debt and does not include the property retained as an investment property. And there is no Underwriter name/signature listed on the 1008 doc. - Due Diligence Vendor-11/26/2024 |
Ready for Review-Document Uploaded. - Seller-12/10/2024 |
Resolved-Updated 1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/11/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-12/11/2024 |
XXXX | MD | Primary Residence | Purchase | NA | 2883653 | N/A | N/A | ||||
| XXXX | xxxxxx2780 | Closed | 2024-12-11 11:21 | 2024-12-16 09:27 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-XXXX account statements uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/16/2024 Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. - Seller-12/13/2024 Open-Asset Record 1 Does Not Meet G/L Requirements Borrower 1 have retirement funds per Final 1003 page#552 but proof/related documents not provided. Provide proof for retirement funds. - Due Diligence Vendor-12/11/2024 |
Ready for Review-Document Uploaded. - Seller-12/13/2024 |
Resolved-XXXX account statements uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/16/2024 Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-12/16/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 2978833 | N/A | N/A | ||||
| XXXX | xxxxxx2780 | Closed | 2024-12-11 12:44 | 2024-12-13 13:47 | Resolved | 1 - Information | C | A | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-Resolved - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. - Seller-12/12/2024 Open-The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). As funds may not be disbursed to the borrower until after the expiration of the rescission period, Provide PCCD with updated Disbursement date. - Due Diligence Vendor-12/11/2024 |
Ready for Review-Document Uploaded. - Seller-12/12/2024 |
Resolved-Resolved - Due Diligence Vendor-12/13/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 2979189 | N/A | N/A | ||||
| XXXX | xxxxxx2908 | Closed | 2024-12-17 08:23 | 2024-12-19 13:04 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (50001262) | Resolved-COC dated XXXX received. System updated. XXXX passed. Resolved. - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. - Seller-12/18/2024 Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($2,035.50). The Last CD shows a total lender credit amount of ($1,570.90). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Lender Credit of $2035.50 added in Initial CD on page 185 and it Decreased to $1570.90 in Final CD page 179, Provide COC to cure this fee - Due Diligence Vendor-12/17/2024 |
Ready for Review-Document Uploaded. - Seller-12/18/2024 |
Resolved-COC dated XXXX received. System updated. XXXX passed. Resolved. - Due Diligence Vendor-12/19/2024 |
XXXX | MA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3019505 | N/A | N/A | ||||
| XXXX | xxxxxx2908 | Closed | 2024-12-17 08:23 | 2024-12-17 16:16 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Massachusetts - Higher Priced Mortgage Loan | Resolved-Massachusetts Truth in Lending Mortgage Loan Regulations provide that compliance with 12 CFR 1026.35 constitutes compliance with 209 CMR 32.35. This first lien closed end conforming loan secured by a 1-4 primary dwelling is a Massachusetts Higher-Priced Mortgage Loan (HPML). The loan's (8.44%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the (6.4%) comparable average prime offer rate index on the "last date the interest rate is set before consummation." (209 CMR 32.35; 12 CFR 1026.35(a)(1)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #330,264 and the Final Closing disclosure on Pg #179, Finding reflects escrows. Rate lock date was entered correctly – see Pg #177,397. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower Pg #474 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
Resolved-Massachusetts Truth in Lending Mortgage Loan Regulations provide that compliance with 12 CFR 1026.35 constitutes compliance with 209 CMR 32.35. This first lien closed end conforming loan secured by a 1-4 primary dwelling is a Massachusetts Higher-Priced Mortgage Loan (HPML). The loan's (8.44%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the (6.4%) comparable average prime offer rate index on the "last date the interest rate is set before consummation." (209 CMR 32.35; 12 CFR 1026.35(a)(1)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #330,264 and the Final Closing disclosure on Pg #179, Finding reflects escrows. Rate lock date was entered correctly – see Pg #177,397. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower Pg #474 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
MA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3019504 | N/A | N/A | ||||||
| XXXX | xxxxxx2908 | Closed | 2024-12-17 08:23 | 2024-12-17 16:16 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.44%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.4%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #330,264 and the Final Closing disclosure on Pg #179, Finding reflects escrows. Rate lock date was entered correctly – see Pg #177,397. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower Pg #474 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
Resolved-The loan's (8.44%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.4%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #330,264 and the Final Closing disclosure on Pg #179, Finding reflects escrows. Rate lock date was entered correctly – see Pg #177,397. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower Pg #474 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
MA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3019506 | N/A | N/A | ||||||
| XXXX | xxxxxx2132 | Closed | 2024-12-17 13:49 | 2025-01-07 16:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/07/2025 Ready for Review-Document Uploaded. - Seller-01/06/2025 Open-Housing History Does Not Meet Guideline Requirements Borrower living in property#XXXX(departing property) with active mortgage per Final 1003 and provided Property Detail report in page#533 which reflects active mortgage but VOM not provided. Provide VOM to verify the 12 months required housing history. - Due Diligence Vendor-12/17/2024 |
Ready for Review-Document Uploaded. - Seller-01/06/2025 |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/07/2025 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 3020633 | N/A | N/A | ||||
| XXXX | xxxxxx2132 | Closed | 2024-12-17 13:09 | 2024-12-20 16:09 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved- - Due Diligence Vendor-12/20/2024 Ready for Review-Document Uploaded. - Seller-12/18/2024 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Points - Loan Discount Fee increased from Revised CD ($675) to Final CD ($1,515) but COC not available in file. Provide COC for the same. - Due Diligence Vendor-12/17/2024 |
Ready for Review-Document Uploaded. - Seller-12/18/2024 |
Resolved- - Due Diligence Vendor-12/20/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 3020344 | N/A | N/A | ||||
| XXXX | xxxxxx2132 | Closed | 2024-12-17 13:09 | 2024-12-20 16:09 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | California - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-This is a California Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.162%) equals or exceeds the California HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.4%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-This is a California Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.162%) equals or exceeds the California HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.4%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
CA | Primary Residence | Refinance | Cash Out - Other | 3020347 | N/A | N/A | ||||||
| XXXX | xxxxxx2132 | Closed | 2024-12-17 13:09 | 2024-12-20 16:09 | Resolved | 1 - Information | A | A | Compliance | XXXX | HigherPriced: APR | Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-You submitted no impound amounts for property insurance on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-You submitted no impound amounts for property insurance on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
CA | Primary Residence | Refinance | Cash Out - Other | 3020345 | N/A | N/A | ||||||
| XXXX | xxxxxx2132 | Closed | 2024-12-17 13:09 | 2024-12-20 16:09 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-The loan's (8.162%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.4%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-The loan's (8.162%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.4%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
CA | Primary Residence | Refinance | Cash Out - Other | 3020348 | N/A | N/A | ||||||
| XXXX | xxxxxx2132 | Closed | 2024-12-17 13:09 | 2024-12-20 16:09 | Resolved | 1 - Information | A | A | Compliance | XXXX | HigherPriced: APR | Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-You submitted no impound amounts for property taxes on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
Resolved-Resolved with XXXX run - Due Diligence Vendor-12/20/2024 Resolved-You submitted no impound amounts for property taxes on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is not Escrowing, escrow waiver on Pg#428-429 and the Final Closing disclosure on Pg#’s276-281, Finding reflects no escrows. Rate lock date was entered correctly – see Pg#’s467-469, 275. An interior and exterior appraisal was completed for this property – see pg#16, the appraisal disclosure was provided to the borrower(s)- see Pg#’s506, and confirmation the appraisal was delivered to the borrower – see Pg#’s303. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/17/2024 |
CA | Primary Residence | Refinance | Cash Out - Other | 3020349 | N/A | N/A | ||||||
| XXXX | xxxxxx1196 | Closed | 2024-12-19 12:38 | 2024-12-24 12:46 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-12/24/2024 Ready for Review-Document Uploaded. - Seller-12/20/2024 Open-The Final 1003 is Incomplete Provide Updated 1003 with ULI Number. ULI Missing in 1003. - Due Diligence Vendor-12/19/2024 |
Ready for Review-Document Uploaded. - Seller-12/20/2024 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-12/24/2024 |
XXXX | AL | Investment | Refinance | Cash Out - Other | 3041550 | N/A | N/A | ||||
| XXXX | xxxxxx2897 | Closed | 2024-12-19 10:03 | 2025-01-03 14:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 9.05 month(s) are greater than or equal to Guideline Required Reserves of 8 month(s) - Due Diligence Vendor-01/03/2025 Ready for Review-Document Uploaded. Please see the attached updated URLA showing the additional assets/proceeds from refinance and the disbursement ledgers showing the proceeds from the refinance transaction were transferred to cover cash to close for this purchase transaction. - Seller-12/31/2024 Counter-Request to provide proof of deposit along with updated CD and 1003 indicating the proceeds from sale were utilized as assets - Due Diligence Vendor-12/26/2024 Ready for Review-Document Uploaded. Please see the attached Final CD from XXXX loan # XXXX showing cash to borrower in the amount of $XXXX from the borrower’s second transaction that closed concurrently with the above file. - Seller-12/23/2024 Open-The provided asset account Regions Bank lists $XXXX in funds which is insufficient to cover the CTC and 8 month reserve requirements. Please advise - Due Diligence Vendor-12/19/2024 |
Ready for Review-Document Uploaded. Please see the attached updated URLA showing the additional assets/proceeds from refinance and the disbursement ledgers showing the proceeds from the refinance transaction were transferred to cover cash to close for this purchase transaction. - Seller-12/31/2024 Ready for Review-Document Uploaded. Please see the attached Final CD from XXXX loan # XXXX showing cash to borrower in the amount of $XXXX from the borrower’s second transaction that closed concurrently with the above file. - Seller-12/23/2024 |
Resolved-Audited Reserves of 9.05 month(s) are greater than or equal to Guideline Required Reserves of 8 month(s) - Due Diligence Vendor-01/03/2025 |
XXXX | AL | Primary Residence | Purchase | NA | 3040976 | N/A | N/A | ||||
| XXXX | xxxxxx2897 | Closed | 2024-12-19 09:48 | 2025-01-03 14:38 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.539%) APR equals or exceeds the Federal HPML threshold of (8.26%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.76%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #594,656 and the Final Closing disclosure on Pg #398, Finding reflects escrows. Rate lock date was entered correctly – see Pg #345. An interior and exterior appraisal was completed for this property – see Pg #102, the appraisal disclosure was provided to the borrower Pg #663,664 and confirmation the appraisal was delivered to the borrower – see Pg #464. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-01/03/2025 Resolved-The loan's (9.539%) APR equals or exceeds the Federal HPML threshold of (8.26%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.76%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #594,656 and the Final Closing disclosure on Pg #398, Finding reflects escrows. Rate lock date was entered correctly – see Pg #345. An interior and exterior appraisal was completed for this property – see Pg #102, the appraisal disclosure was provided to the borrower Pg #663,664 and confirmation the appraisal was delivered to the borrower – see Pg #464. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/19/2024 |
Resolved-The loan's (9.539%) APR equals or exceeds the Federal HPML threshold of (8.26%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.76%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #594,656 and the Final Closing disclosure on Pg #398, Finding reflects escrows. Rate lock date was entered correctly – see Pg #345. An interior and exterior appraisal was completed for this property – see Pg #102, the appraisal disclosure was provided to the borrower Pg #663,664 and confirmation the appraisal was delivered to the borrower – see Pg #464. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-01/03/2025 Resolved-The loan's (9.539%) APR equals or exceeds the Federal HPML threshold of (8.26%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.76%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #594,656 and the Final Closing disclosure on Pg #398, Finding reflects escrows. Rate lock date was entered correctly – see Pg #345. An interior and exterior appraisal was completed for this property – see Pg #102, the appraisal disclosure was provided to the borrower Pg #663,664 and confirmation the appraisal was delivered to the borrower – see Pg #464. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/19/2024 |
AL | Primary Residence | Purchase | NA | 3040944 | N/A | N/A | ||||||
| XXXX | xxxxxx2513 | Closed | 2024-12-19 09:15 | 2024-12-31 13:49 | Resolved | 1 - Information | C | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The comparable APOR for this loan is (6.32%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#436 and the Final Closing disclosure on Pg#135, Finding reflects escrows. Rate lock date was entered correctly – see Pg#127. An interior and exterior appraisal was completed for this property – see pg#12, the appraisal disclosure was provided to the borrower(s)- see Pg#486,487, and confirmation the appraisal was delivered to the borrower is attached to this finding. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. - Seller-12/27/2024 Open-The loan's (9.525%) APR equals or exceeds the Federal HPML threshold of (8.26%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.76%).(12 CFR 1026.35(a)(1)(i)) The comparable APOR for this loan is (6.32%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#436 and the Final Closing disclosure on Pg#135, Finding reflects escrows. Rate lock date was entered correctly – see Pg#127. An interior and exterior appraisal was completed for this property – see pg#12, the appraisal disclosure was provided to the borrower(s)- see Pg#486,487, and confirmation the appraisal was delivered to the borrower is MISSING. - Due Diligence Vendor-12/19/2024 |
Ready for Review-Document Uploaded. - Seller-12/27/2024 |
Resolved-The comparable APOR for this loan is (6.32%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#436 and the Final Closing disclosure on Pg#135, Finding reflects escrows. Rate lock date was entered correctly – see Pg#127. An interior and exterior appraisal was completed for this property – see pg#12, the appraisal disclosure was provided to the borrower(s)- see Pg#486,487, and confirmation the appraisal was delivered to the borrower is attached to this finding. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/31/2024 |
XXXX | TX | Primary Residence | Purchase | NA | 3040830 | N/A | N/A | ||||
| XXXX | xxxxxx2513 | Closed | 2024-12-20 14:11 | 2024-12-31 13:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Validation Resolved' - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. - Seller-12/27/2024 Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for borrower. - Due Diligence Vendor-12/20/2024 |
Ready for Review-Document Uploaded. - Seller-12/27/2024 |
Resolved-Validation Resolved' - Due Diligence Vendor-12/31/2024 |
XXXX | TX | Primary Residence | Purchase | NA | 3053214 | N/A | N/A | ||||
| XXXX | xxxxxx2513 | Closed | 2024-12-19 11:44 | 2024-12-30 06:38 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-The Final 1003 is Missing Updated Final 1003 provided with corrected Employed From date as XXXX.Now Years in industry is greater than years in current job. - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Seller-12/27/2024 Open-The Final 1003 is Missing Years in industry is less than years in current job. provide updated Final 1003 with correct employment details. - Due Diligence Vendor-12/19/2024 |
Ready for Review-Document Uploaded. - Seller-12/27/2024 |
Resolved-The Final 1003 is Missing Updated Final 1003 provided with corrected Employed From date as XXXX.Now Years in industry is greater than years in current job. - Due Diligence Vendor-12/30/2024 |
XXXX | TX | Primary Residence | Purchase | NA | 3041301 | N/A | N/A | ||||
| XXXX | xxxxxx2513 | Closed | 2024-12-19 11:58 | 2024-12-30 06:19 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Missing asset documentation (ATR) | Resolved-Wire proof for EMD provided. - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Seller-12/27/2024 Open-1003 shows earnest money 15,457 whereas no wire proof for the same. - Due Diligence Vendor-12/19/2024 |
Ready for Review-Document Uploaded. - Seller-12/27/2024 |
Resolved-Wire proof for EMD provided. - Due Diligence Vendor-12/30/2024 |
XXXX | TX | Primary Residence | Purchase | NA | 3041371 | N/A | N/A | ||||
| XXXX | xxxxxx2983 | Closed | 2024-12-19 05:36 | 2025-04-25 16:36 | Acknowledged | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Anti-Steering Disclosure | Acknowledged-Client response received and acknowledged - Due Diligence Vendor-04/25/2025 Ready for Review-This is a XXXX loan, all XXXX loans are borrower paid comp. No anti-steering required per Disclosure Manager. - Seller-12/23/2024 Open-Provide Anti-Steering Disclosure. Broker fee is marked as paid by lender, this requires an Anti-Steering Disclosure. Missing Anti-Steering Disclosure. - Due Diligence Vendor-12/19/2024 |
Ready for Review-This is a XXXX loan, all XXXX loans are borrower paid comp. No anti-steering required per Disclosure Manager. - Seller-12/23/2024 |
Acknowledged-Client response received and acknowledged - Due Diligence Vendor-04/25/2025 |
NJ | Primary Residence | Purchase | NA | 3040255 | Originator Post-Close | No | |||||
| XXXX | xxxxxx2983 | Closed | 2024-12-19 05:29 | 2024-12-23 15:12 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.036%) APR equals or exceeds the Federal HPML threshold of (7.86%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.36%).(12 CFR 1026.35(a)(1)(i)) Loan passes the HPMl checks. This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg 377 and the Final Closing disclosure on Pg 198, Finding reflects escrows. Rate lock date was entered correctly – see Pg 405. An interior and exterior appraisal was completed for this property – see pg 38, 71, the appraisal disclosure was provided to the borrower(s)- see Pg 493, and confirmation the appraisal was delivered to the borrower – see Pg 35, 36. - Due Diligence Vendor-12/19/2024 |
Resolved-The loan's (8.036%) APR equals or exceeds the Federal HPML threshold of (7.86%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.36%).(12 CFR 1026.35(a)(1)(i)) Loan passes the HPMl checks. This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg 377 and the Final Closing disclosure on Pg 198, Finding reflects escrows. Rate lock date was entered correctly – see Pg 405. An interior and exterior appraisal was completed for this property – see pg 38, 71, the appraisal disclosure was provided to the borrower(s)- see Pg 493, and confirmation the appraisal was delivered to the borrower – see Pg 35, 36. - Due Diligence Vendor-12/19/2024 |
NJ | Primary Residence | Purchase | NA | 3040239 | N/A | N/A | ||||||
| XXXX | xxxxxx2080 | Closed | 2024-12-22 20:20 | 2025-01-02 13:30 | Resolved | 1 - Information | C | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-IEADS uploaded. Resolved. - Due Diligence Vendor-01/02/2025 Ready for Review-Document Uploaded. - Seller-12/30/2024 Open-The loan's (9.727%) APR equals or exceeds the Federal HPML threshold of (8.19%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.69%).(12 CFR 1026.35(a)(1)(i)) Provide Initial Escrow Account Disclosure is missing from loan file which is required to meet HPML guidelines. This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures is missing from loan file and the Final Closing disclosure on Pg#’s176-181, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s176-181, 172. An interior and exterior appraisal was completed for this property – see pg#34, the appraisal disclosure was provided to the borrower(s)- see Pg#’s498, and confirmation the appraisal was delivered to the borrower – see Pg#’s30. - Due Diligence Vendor-12/22/2024 |
Ready for Review-Document Uploaded. - Seller-12/30/2024 |
Resolved-IEADS uploaded. Resolved. - Due Diligence Vendor-01/02/2025 |
XXXX | IL | Primary Residence | Purchase | NA | 3063497 | N/A | N/A | ||||
| XXXX | xxxxxx2080 | Closed | 2024-12-22 19:16 | 2024-12-31 07:09 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Updated Final 1003 page#3 provided showing the rental income. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. - Seller-12/30/2024 Open-The Final 1003 is Missing 1008 reflects rental income of $XXXX from subject property but Final 1003 not shows the rental income. Provide updated Final 1003. - Due Diligence Vendor-12/22/2024 |
Ready for Review-Document Uploaded. - Seller-12/30/2024 |
Resolved-Updated Final 1003 page#3 provided showing the rental income. - Due Diligence Vendor-12/31/2024 |
XXXX | IL | Primary Residence | Purchase | NA | 3063375 | N/A | N/A | ||||
| XXXX | xxxxxx2080 | Closed | 2024-12-22 19:14 | 2024-12-31 07:06 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Initial Escrow Acct Disclosure missing; loan has escrows | Resolved-Initial Escrow Acct Disclosure document provided. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. - Seller-12/30/2024 Open-Provide Initial Escrow Acct Disclosure which is missing from loan file. - Due Diligence Vendor-12/22/2024 |
Ready for Review-Document Uploaded. - Seller-12/30/2024 |
Resolved-Initial Escrow Acct Disclosure document provided. - Due Diligence Vendor-12/31/2024 |
XXXX | IL | Primary Residence | Purchase | NA | 3063374 | N/A | N/A |