Exhibit 99.55
| 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 | XXXX | 1643193 | Closed | 2022-10-04 20:32 | 2022-10-13 17:06 | Resolved | 1 - Information | C | A | Compliance | Closing | The Final 1003 is Not Executed | Resolved-The Final 1003 is Executed - Due Diligence Vendor-10/13/2022 Resolved-Received final 1003 signed by the LO - Due Diligence Vendor-10/13/2022 Ready for Review-Document Uploaded. - Buyer-10/12/2022 Open-The Final 1003 is Not Executed Loan Originator Signature is missing on 1003 final , please provide - Due Diligence Vendor-10/04/2022 |
Resolved-The Final 1003 is Executed - Due Diligence Vendor-10/13/2022 Resolved-Received final 1003 signed by the LO - Due Diligence Vendor-10/13/2022 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 677479 | N/A | N/A | ||||
| XXXX | XXXX | 1643193 | Closed | 2022-10-04 21:32 | 2022-10-13 16:00 | Resolved | 1 - Information | B | A | Credit | Doc Issue | Transmittal (1008) is Missing | Resolved-Received confirmation Tier 1 was used, finding resolved - Due Diligence Vendor-10/13/2022 Ready for Review-Document Uploaded. - Buyer-10/12/2022 Open-1) Tier is missing on Approval so Considered as XXXX and data Updated as Accordingly , please provide updated Approval Document - Due Diligence Vendor-10/04/2022 |
Resolved-Received confirmation Tier 1 was used, finding resolved - Due Diligence Vendor-10/13/2022 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 677593 | N/A | N/A | ||||
| XXXX | XXXX | 1722484 | Closed | 2023-02-09 13:15 | 2023-02-15 18:07 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Document received, data updated. - Due Diligence Vendor-02/15/2023 Ready for Review-Document Uploaded. - Buyer-02/15/2023 Open-As per 1008 and my calculation the HTI is 7.30% and DTI is 18.23%, however its not matching with Approval certificate showing HTI is 29.675% and DTI is 50.365%. This difference is reflecting in Data compare, hence required updated Approval certificate. - Due Diligence Vendor-02/09/2023 |
Resolved-Document received, data updated. - Due Diligence Vendor-02/15/2023 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 847794 | N/A | N/A | ||||
| XXXX | XXXX | 1722484 | Closed | 2023-02-14 16:57 | 2023-02-15 18:05 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-02/15/2023 Ready for Review-Document Uploaded. - Buyer-02/15/2023 Open-1. Section 3 shows borrower has 2 primary residence. 2. Section 5a shows the borrower has not had ownership in another property in the last 3 years, borrower has another financed property - Due Diligence Vendor-02/14/2023 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-02/15/2023 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 854393 | N/A | N/A | ||||
| XXXX | XXXX | 1944830 | Closed | 2024-08-17 00:00 | 2024-08-17 00:00 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (10.565%) APR equals or exceeds the Federal HPML threshold of (8.4%). 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 (6.9%).(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 XXXX and the Final Closing disclosure on Pg#’s XXXX, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/17/2024 |
Resolved-The loan's (10.565%) APR equals or exceeds the Federal HPML threshold of (8.4%). 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 (6.9%).(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 XXXX and the Final Closing disclosure on Pg#’s XXXX, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/17/2024 |
XX | Primary Residence | Purchase | NA | 2205521 | N/A | N/A | |||||
| XXXX | XXXX | 1944831 | Closed | 2024-08-17 07:06 | 2024-08-21 14:39 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (10.398%) 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#’sXXXX and the Final Closing disclosure on Pg#’s XXXX, reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/17/2024 |
Resolved-The loan's (10.398%) 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#’s XXXX and the Final Closing disclosure on Pg#’s XXXX, reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/17/2024 |
XX | Primary Residence | Purchase | NA | 2206025 | N/A | N/A | |||||
| XXXX | XXXX | 1891929 | Closed | 2024-10-09 16:28 | 2024-10-24 17:16 | Resolved | 1 - Information | B | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) PUBLIC ASSISTANCE AREA (2) | Resolved-Document received - Due Diligence Vendor-10/24/2024 Ready for Review-Document Uploaded. - Seller-10/23/2024 Counter-Subject is not pictured in PDI - Due Diligence Vendor-10/17/2024 Ready for Review-Document Uploaded. - Seller-10/17/2024 Ready for Review-New PDI requested - Seller-10/16/2024 Ready for Review-Document Uploaded. - Seller-10/16/2024 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-10/09/2024 |
Ready for Review-Document Uploaded. - Seller-10/23/2024 Ready for Review-Document Uploaded. - Seller-10/17/2024 Ready for Review-New PDI requested - Seller-10/16/2024 Ready for Review-Document Uploaded. - Seller-10/16/2024 |
Resolved-Document received - Due Diligence Vendor-10/24/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2561012 | N/A | N/A | |||
| XXXX | XXXX | 1891929 | Closed | 2024-10-07 07:35 | 2024-10-10 16:13 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Received Final CD, finding resolved - Due Diligence Vendor-10/10/2024 Ready for Review-Document Uploaded. - Seller-10/09/2024 Open-TRID: Missing Final Closing Disclosure Page 5 of final CD is missing in file hence compliance not runned. - Due Diligence Vendor-10/07/2024 |
Ready for Review-Document Uploaded. - Seller-10/09/2024 |
Resolved-Received Final CD, finding resolved - Due Diligence Vendor-10/10/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2538044 | N/A | N/A | |||
| XXXX | XXXX | 1891929 | Closed | 2024-10-07 04:50 | 2024-10-10 16:00 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX provided. - Due Diligence Vendor-10/10/2024 Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-10/10/2024 Ready for Review-Document Uploaded. - Seller-10/09/2024 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Disbursement date XXXX is after the effective date of hazard insurance effective date XXXX - Due Diligence Vendor-10/07/2024 |
Ready for Review-Document Uploaded. - Seller-10/09/2024 |
Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX provided. - Due Diligence Vendor-10/10/2024 Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-10/10/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2537622 | N/A | N/A | |||
| XXXX | XXXX | 1891929 | Closed | 2024-10-10 16:12 | 2024-10-10 16:12 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.804%) APR equals or exceeds the Federal HPML threshold of (8.3%). 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 (6.8%).(12 CFR 1026.35(a)(1)(i)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX, pg XXXX An interior and exterior appraisal was completed for this property – and copy of the appraisal was given to the borrower see Pg#XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-10/10/2024 | Resolved-The loan's (9.804%) APR equals or exceeds the Federal HPML threshold of (8.3%). 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 (6.8%).(12 CFR 1026.35(a)(1)(i)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX, pg XXXX An interior and exterior appraisal was completed for this property – and copy of the appraisal was given to the borrower see Pg#XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-10/10/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | 2569386 | N/A | N/A | |||||
| XXXX | XXXX | 1923710 | Closed | 2024-10-21 17:21 | 2024-10-30 23:28 | Resolved | 1 - Information | C | A | Credit | Credit | FEMA disaster issue and/or risk. | Resolved-PDI Provided, no Damage, Resolved. - Due Diligence Vendor-10/30/2024 Ready for Review-Document Uploaded. - Seller-10/29/2024 Open-Property potentially affected by FEMA Disaster. XXXX - Declared XXXX without an Incident End Date with Public Assistance: YES and Individual Assistance: NO. After the disaster end date, a Property inspection with exterior photos is required. - Due Diligence Vendor-10/21/2024 |
Ready for Review-Document Uploaded. - Seller-10/29/2024 |
Resolved-PDI Provided, no Damage, Resolved. - Due Diligence Vendor-10/30/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2648818 | N/A | N/A | |||
| XXXX | XXXX | 1923710 | Closed | 2024-10-17 09:06 | 2024-10-24 16:18 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Loan Estimate | Resolved-Received copy of initial loan estimate, finding resolved - Due Diligence Vendor-10/24/2024 Ready for Review-Document Uploaded. - Buyer-10/22/2024 Open-Initial LE is missing in file. - Due Diligence Vendor-10/17/2024 |
Resolved-Received copy of initial loan estimate, finding resolved - Due Diligence Vendor-10/24/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2618656 | N/A | N/A | ||||
| XXXX | XXXX | 1923710 | Closed | 2024-10-21 17:08 | 2024-10-24 15:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI Requirements | Resolved-Finding resolved, child support being excluded - Due Diligence Vendor-10/24/2024 Ready for Review-UW advised excluded child support payment due to < 10 payments left -child will be of age - Buyer-10/22/2024 Open-Audited DTI of 61.38% exceeds Guideline DTI of 50% Child support not being included into DTI raising DTI above guidelines - Due Diligence Vendor-10/21/2024 |
Resolved-Finding resolved, child support being excluded - Due Diligence Vendor-10/24/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | 2648661 | N/A | N/A | |||||
| XXXX | XXXX | 1923710 | Closed | 2024-10-17 09:20 | 2024-10-23 07:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-The 1008 document provided. Resolved - Due Diligence Vendor-10/23/2024 Ready for Review-Document Uploaded. - Seller-10/22/2024 Open-The 1008 document is missing from the loan file. Income listed on 1008 is incorrect and is not including child support payments - Due Diligence Vendor-10/17/2024 |
Ready for Review-Document Uploaded. - Seller-10/22/2024 |
Resolved-The 1008 document provided. Resolved - Due Diligence Vendor-10/23/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2618702 | N/A | N/A | |||
| XXXX | XXXX | 1923710 | Closed | 2024-10-24 16:18 | 2024-10-24 16:18 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.338%) APR equals or exceeds the Federal HPML threshold of (7.65%). 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 (6.15%).(12 CFR 1026.35(a)(1)(i)) 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 #XXXXand the Final Closing disclosure on Pg #XXXX reflects escrows. Rate lock date was entered correctly – see Pg #XXXXAn interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-10/24/2024 | Resolved-The loan's (9.338%) APR equals or exceeds the Federal HPML threshold of (7.65%). 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 (6.15%).(12 CFR 1026.35(a)(1)(i)) 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 #XXXX and the Final Closing disclosure on Pg #XXXX reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-10/24/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | 2674467 | N/A | N/A | |||||
| XXXX | XXXX | 1901191 | Closed | 2024-11-10 12:56 | 2024-12-06 15:42 | Cured | 2 - Non-Material | C | B | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Cured-Lending provided refund to borrower - Due Diligence Vendor-12/06/2024 Ready for Review-Document Uploaded. - Seller-12/04/2024 Ready for Review-Document Uploaded. Will upload copy of cure check once receive - Seller-12/03/2024 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: Doc Tax Stamps/Transfer Taxes – State. 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)). Doc Tax Stamps/Transfer Taxes – State increase from $XXXX to $XXXX. - Due Diligence Vendor-11/10/2024 |
Ready for Review-Document Uploaded. - Seller-12/04/2024 Ready for Review-Document Uploaded. Will upload copy of cure check once receive - Seller-12/03/2024 |
Cured-Lending provided refund to borrower - Due Diligence Vendor-12/06/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2777892 | N/A | N/A | |||
| XXXX | XXXX | 1901191 | Closed | 2024-11-11 03:38 | 2024-11-19 17:27 | Waived | 2 - Non-Material | B | B | Property | Appraisal | Property/Appraisal General | Waived-Exception provided in page #XXXX. For use of current appraised value of XXXX for subject purchased and fully renovated XXXX. - Due Diligence Vendor-11/11/2024 | Waived-Exception provided in page #XXXX. For use of current appraised value of XXXX for subject purchased and fully renovated XXXX. - Due Diligence Vendor-11/11/2024 |
Self employed same business 5+ years, 2 years required per guidelines Residual Income is $XXXX. Minimum Residual Income required per guidelines is $1500. |
XX | Primary Residence | Refinance | Cash Out - Other | 2778338 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 1901191 | Closed | 2024-11-13 00:30 | 2024-11-19 17:26 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Cash out seasoning not met - Due Diligence Vendor-11/19/2024 Ready for Review-Document Uploaded. - Seller-11/15/2024 Open-Cash Out is not completed according to the guideline requirements The refinance transaction does not meet a minimum of 6 months since acquired - Due Diligence Vendor-11/13/2024 |
Ready for Review-Document Uploaded. - Seller-11/15/2024 |
Waived-Cash out seasoning not met - Due Diligence Vendor-11/19/2024 |
XXXX | Self employed same business 5+ years, 2 years required per guidelines Residual Income is $XXXX. Minimum Residual Income required per guidelines is $1500. DTI is 30.85%. Maximum allowed per guidelines is 50%. |
XX | Primary Residence | Refinance | Cash Out - Other | 2796685 | Originator Post-Close | Yes | ||
| XXXX | XXXX | 1901191 | Closed | 2024-11-12 23:32 | 2024-11-19 17:22 | Resolved | 1 - Information | C | A | Credit | Credit | FEMA disaster issue and/or risk. | Resolved-Document received, investor approved - Due Diligence Vendor-11/19/2024 Ready for Review-Document Uploaded. - Buyer-11/15/2024 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-11/12/2024 |
Resolved-Document received, investor approved - Due Diligence Vendor-11/19/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2796482 | N/A | N/A | ||||
| XXXX | XXXX | 1901191 | Closed | 2024-11-10 11:36 | 2024-11-18 07:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Borrower 1 Credit Report Provided. - Due Diligence Vendor-11/18/2024 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-11/18/2024 Ready for Review-Document Uploaded. - Seller-11/15/2024 Open-Borrower 1 Credit Report is Missing. Credit Report is Missing in file. - Due Diligence Vendor-11/10/2024 |
Ready for Review-Document Uploaded. - Seller-11/15/2024 |
Resolved-Borrower 1 Credit Report Provided. - Due Diligence Vendor-11/18/2024 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-11/18/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2777840 | N/A | N/A | |||
| XXXX | XXXX | 1901191 | Closed | 2024-11-13 00:24 | 2024-11-18 07:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Validation Resolved' - Due Diligence Vendor-11/18/2024 Ready for Review-Property acquired in borrower's LLC, XXXX on XXXX. Borrower rehabbed the property and moved in. The Quit claim from his company to himself was executed at close. The property was owned by the borrower, either in his company and now in his name. - Seller-11/15/2024 Ready for Review-Document Uploaded. - Seller-11/15/2024 Open-Primary residence according to 1003 is XXXX with XXXX. Subject property is now being refinanced as primary residence. Please advise - Due Diligence Vendor-11/13/2024 |
Ready for Review-Property acquired in borrower's LLC, XXXX on XXXX. Borrower rehabbed the property and moved in. The Quit claim from his company to himself was executed at close. The property was owned by the borrower, either in his company and now in his name. - Seller-11/15/2024 Ready for Review-Document Uploaded. - Seller-11/15/2024 |
Resolved-Validation Resolved' - Due Diligence Vendor-11/18/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2796679 | N/A | N/A | |||
| XXXX | XXXX | 1901191 | Closed | 2024-11-10 12:56 | 2024-11-13 00:02 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.425%) 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 #XXXX and the Final Closing disclosure on Pg #XXXX reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-11/10/2024 | Resolved-The loan's (8.425%) 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 #XXXX and the Final Closing disclosure on Pg #XXXX reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-11/10/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | 2777893 | N/A | N/A | |||||
| XXXX | XXXX | 1901200 | Closed | 2024-11-11 12:37 | 2024-11-21 17:24 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-document received - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. - Buyer-11/20/2024 Open-TRID: Missing Closing Disclosure Property Located in XXXX which is dry state but missing Post Closing Disclosure Doc in File. - Due Diligence Vendor-11/11/2024 |
Resolved-document received - Due Diligence Vendor-11/21/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2779735 | N/A | N/A | ||||
| XXXX | XXXX | 1901200 | Closed | 2024-11-11 17:16 | 2024-11-14 18:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Title Document is fully Present - Due Diligence Vendor-11/14/2024 Ready for Review-Document Uploaded. - Buyer-11/12/2024 Open-Title Document is missing Title document does not have Title Coverage Amount - Due Diligence Vendor-11/11/2024 |
Resolved-Title Document is fully Present - Due Diligence Vendor-11/14/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2782903 | N/A | N/A | ||||
| XXXX | XXXX | 1901757 | Closed | 2024-11-07 11:37 | 2024-12-04 16:31 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Fees: Limited | Resolved-Lender provided refund to borrower - duplicate - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. - Buyer-12/04/2024 Ready for Review-Document Uploaded. - Buyer-12/02/2024 Open-The total amount of the 10% category fees ($C) has increased by more than 10% over the current baseline value of ($XXXX). The total amount of fees in the 10% category cannot exceed ($XXXX). The following fee(s) have either increased from their baseline disclosure or have been recently added: (XXXX). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). From Initial CD (XXXX) to Final CD (XXXX) Recording Fees increased to XXXX there is no COC in file please provide COC or lender credits to cure this tolerance - Due Diligence Vendor-11/07/2024 |
Resolved-Lender provided refund to borrower - duplicate - Due Diligence Vendor-12/04/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2760468 | N/A | N/A | ||||
| XXXX | XXXX | 1901757 | Closed | 2024-11-07 11:37 | 2024-12-04 16:31 | Cured | 2 - Non-Material | C | B | Compliance | TRID Tolerance | Fees: Limited | Cured-Lender provided refund to borrower - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. - Buyer-12/04/2024 Ready for Review-Document Uploaded. will upload cure check once received. - Buyer-12/02/2024 Open-The total amount of the 10% category fees on the last Closing Disclosure ($XXXX) has increased by more than 10% over the current baseline value of ($XXXX). The total amount of fees in the 10% category cannot exceed ($XXXX). The following fee(s) have either increased from their baseline disclosure or have been recently added: (XXXX). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). From Initial CD (XXXX) to Final CD (XXXX) Recording Fees increased to XXXX, there is no COC in file please provide COC or lender credits to cure this tolerance - Due Diligence Vendor-11/07/2024 |
Cured-Lender provided refund to borrower - Due Diligence Vendor-12/04/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2760467 | N/A | N/A | ||||
| XXXX | XXXX | 1901757 | Closed | 2024-11-07 11:37 | 2024-11-07 11:50 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.498%) APR equals or exceeds the Federal HPML threshold of (7.65%). 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 (6.15%).(12 CFR 1026.35(a)(1)(i)) 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#360 and the Final Closing disclosure on Pg#XXXX. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX, XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#XXXX XXXX and copy of the appraisal was given to the borrower see Pg XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-11/07/2024 | Resolved-The loan's (8.498%) APR equals or exceeds the Federal HPML threshold of (7.65%). 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 (6.15%).(12 CFR 1026.35(a)(1)(i)) 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#XXXX and the Final Closing disclosure on Pg#XXXX. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX, XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#XXXX, XXXX and copy of the appraisal was given to the borrower see Pg XXXX,XXXX,XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-11/07/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | 2760469 | N/A | N/A | |||||
| XXXX | XXXX | 1939515 | Closed | 2024-11-13 13:54 | 2024-11-19 15:58 | Resolved | 1 - Information | C | A | Credit | Credit | FEMA disaster issue and/or risk. | Resolved-Received confirmation from investor, finding resolved - Due Diligence Vendor-11/19/2024 Ready for Review-Document Uploaded. - Buyer-11/18/2024 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-11/13/2024 |
Resolved-Received confirmation from investor, finding resolved - Due Diligence Vendor-11/19/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2798941 | N/A | N/A | ||||
| XXXX | XXXX | 1939515 | Closed | 2024-11-13 03:52 | 2024-11-15 09:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Required Document provided, changes made in system, Finding Resolved - Due Diligence Vendor-11/15/2024 Ready for Review-Document Uploaded. - Buyer-11/14/2024 Open-Housing History Does Not Meet Guideline Requirements Missing 12 months of housing verification. Payments listed in file does not verify 12 months - Due Diligence Vendor-11/13/2024 |
Resolved-Required Document provided, changes made in system, Finding Resolved - Due Diligence Vendor-11/15/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2796908 | N/A | N/A | ||||
| XXXX | XXXX | 1939515 | Closed | 2024-11-10 10:02 | 2024-11-12 16:46 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.118%) APR equals or exceeds the Federal HPML threshold of (7.65%). 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 (6.15%).(12 CFR 1026.35(a)(1)(i)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’XXXX and copy of the appraisal was given to the borrower see Pg# XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-11/10/2024 | Resolved-The loan's (9.118%) APR equals or exceeds the Federal HPML threshold of (7.65%). 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 (6.15%).(12 CFR 1026.35(a)(1)(i)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’XXXX and copy of the appraisal was given to the borrower see Pg# XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-11/10/2024 |
XX | Primary Residence | Purchase | NA | 2777808 | N/A | N/A | |||||
| XXXX | XXXX | 1901764 | Closed | 2024-11-25 17:38 | 2024-12-06 23:18 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Missing PCCD. | Resolved-Received acceptable PCCD, finding has been resolved and cleared. - Due Diligence Vendor-12/06/2024 Ready for Review-Document Uploaded. - Buyer-12/04/2024 Open-Missing PCCD from file - Due Diligence Vendor-11/25/2024 |
Resolved-Received acceptable PCCD, finding has been resolved and cleared. - Due Diligence Vendor-12/06/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2878159 | N/A | N/A | ||||
| XXXX | XXXX | 1901764 | Closed | 2024-11-25 17:52 | 2024-12-03 20:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Title Document is Provided And Complete - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. - Buyer-11/27/2024 Open-Title Document is Incomplete 1. Missing sufficient coverage 2. Missing vesting in borrowers name - Due Diligence Vendor-11/25/2024 |
Resolved-Title Document is Provided And Complete - Due Diligence Vendor-12/03/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2878386 | N/A | N/A | ||||
| XXXX | XXXX | 1901764 | Closed | 2024-11-21 07:52 | 2024-11-21 09:06 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.852%) APR equals or exceeds the Federal HPML threshold of (8.09%). 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 (6.59%).(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 439 and the Final Closing disclosure on Pg#’s XXXX , Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX . An interior and exterior appraisal was completed for this property – see pg XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX , and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX . The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/21/2024 |
Resolved-The loan's (8.852%) APR equals or exceeds the Federal HPML threshold of (8.09%). 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 (6.59%).(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 XXXX and the Final Closing disclosure on Pg#’s XXXX, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/21/2024 |
XX | Primary Residence | Purchase | NA | 2854020 | N/A | N/A | |||||
| XXXX | XXXX | 1901764 | Closed | 2024-11-21 07:52 | 2024-11-21 09:06 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.852%) equals or exceeds the XXXX HPML threshold of (8.09%). 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 (6.59%).(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 Escrowing, escrow disclosures and loan information is on Pg#’s XXXX and the Final Closing disclosure on Pg#’s XXXX , Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX . An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX , and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/21/2024 |
Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.852%) equals or exceeds the XXXX HPML threshold of (8.09%). 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 (6.59%).(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 Escrowing, escrow disclosures and loan information is on Pg#’s XXXX and the Final Closing disclosure on Pg#’s XXXX, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX and confirmation the appraisal was delivered to the borrower – see Pg#’s XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/21/2024 |
XX | Primary Residence | Purchase | NA | 2854019 | N/A | N/A | |||||
| XXXX | XXXX | 1939842 | Closed | 2024-11-27 07:34 | 2024-12-12 17:46 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Document received - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. - Seller-12/10/2024 Open-TRID: Missing Closing Disclosure Property Located in Dry State missing PCCD in file. - Due Diligence Vendor-11/27/2024 |
Ready for Review-Document Uploaded. - Seller-12/10/2024 |
Resolved-Document received - Due Diligence Vendor-12/12/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2892285 | N/A | N/A | |||
| XXXX | XXXX | 1939842 | Closed | 2024-11-27 04:50 | 2024-12-09 15:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Executed 4506-T Missing | Resolved-Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-12/09/2024 Ready for Review-Document Uploaded. - Seller-12/05/2024 Counter-Thank you for the clarification. Can you upload again. It looks like it didn't save. - Due Diligence Vendor-12/05/2024 Ready for Review-We are now using a 4506-C. Uploaded - Buyer-12/03/2024 Open-Borrower 2 Executed 4506-T Missing B2 is Wage Earner missing 4506-T in File. - Due Diligence Vendor-11/27/2024 |
Ready for Review-Document Uploaded. - Seller-12/05/2024 |
Resolved-Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-12/09/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2891919 | N/A | N/A | |||
| XXXX | XXXX | 1939842 | Closed | 2024-12-02 18:46 | 2024-12-09 15:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Document received - Due Diligence Vendor-12/09/2024 Ready for Review-Document Uploaded. This document has both BIZ Narratives. I am uploading the other separately. - Seller-12/05/2024 Counter-XXXX not attached - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. - Buyer-12/03/2024 Open-B1 XXXX business narrative missing - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. This document has both BIZ Narratives. I am uploading the other separately. - Seller-12/05/2024 |
Resolved-Document received - Due Diligence Vendor-12/09/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2909062 | N/A | N/A | |||
| XXXX | XXXX | 1939842 | Closed | 2024-12-02 18:54 | 2024-12-09 15:49 | Resolved | 1 - Information | C | A | Credit | Eligibility | Primary Residence not shown on 1003 | Resolved-Document received - Due Diligence Vendor-12/09/2024 Resolved-Document received - Due Diligence Vendor-12/09/2024 Ready for Review-Document Uploaded. - Seller-12/05/2024 Counter-Please updated 1003 B2 housing - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. - Buyer-12/03/2024 Open-B2 1003 is present and primary residence is available but notes that B2 is paying rent. LOX on page 552 notes rent free. - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. - Seller-12/05/2024 |
Resolved-Document received - Due Diligence Vendor-12/09/2024 Resolved-Document received - Due Diligence Vendor-12/09/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2909209 | N/A | N/A | |||
| XXXX | XXXX | 1939842 | Closed | 2024-11-27 07:18 | 2024-12-12 17:55 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-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 _XXXX and the Final Closing disclosure on Pg#’s _XXXX ___ reflects escrows. Rate lock date was entered correctly – see Pg#’s __XXXX___ An interior and exterior appraisal was completed for this property – see pg _XXXX___ , the appraisal disclosure was provided to the borrower(s)- see Pg#’s_XXXX__ , and copy of the appraisal was given to the borrower – see Pg#’s __XXXX___ for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/12/2024 Resolved-This is a XXXX (HPML). The loan's APR of (9.01%) equals or exceeds the XXXX 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%).(XXXX; XXXX) - Due Diligence Vendor-11/27/2024 |
Resolved-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 _548 and the Final Closing disclosure on Pg#’s _257___ reflects escrows. Rate lock date was entered correctly – see Pg#’s __562___ An interior and exterior appraisal was completed for this property – see pg _25___ , the appraisal disclosure was provided to the borrower(s)- see Pg#’s_203__ , and copy of the appraisal was given to the borrower – see Pg#’s __313___ for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/12/2024 Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (9.01%) equals or exceeds the XXXX 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%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) - Due Diligence Vendor-11/27/2024 |
XX | Primary Residence | Purchase | NA | 2892250 | N/A | N/A | |||||
| XXXX | XXXX | 1939842 | Closed | 2024-11-27 07:18 | 2024-12-12 17:55 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-This loan failed the higher-priced mortgage loan test. ( XXXX ) 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 XXXX, 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 _XXXX and the Final Closing disclosure on Pg#’s _XXXX___ reflects escrows. Rate lock date was entered correctly – see Pg#’s __XXXX___ An interior and exterior appraisal was completed for this property – see pg _XXXX___ , the appraisal disclosure was provided to the borrower(s)- see Pg#’s_XXXX_ , and copy of the appraisal was given to the borrower – see Pg#’s __XXXX___ for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/12/2024 |
Resolved-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 _548 and the Final Closing disclosure on Pg#’s _257___ reflects escrows. Rate lock date was entered correctly – see Pg#’s __562___ An interior and exterior appraisal was completed for this property – see pg _25___ , the appraisal disclosure was provided to the borrower(s)- see Pg#’s_203__ , and copy of the appraisal was given to the borrower – see Pg#’s __313___ for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/12/2024 |
XX | Primary Residence | Purchase | NA | 2892251 | N/A | N/A | |||||
| XXXX | XXXX | 1901761 | Closed | 2024-12-05 09:50 | 2024-12-11 08:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Required Document Provided, changes made in system, Finding Resolved. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. - Buyer-12/10/2024 Open-Title Document is Incomplete Borrower name is not showing in Title vesting. - Due Diligence Vendor-12/05/2024 |
Resolved-Required Document Provided, changes made in system, Finding Resolved. - Due Diligence Vendor-12/11/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2935253 | N/A | N/A | ||||
| XXXX | XXXX | 1901761 | Closed | 2024-12-05 06:51 | 2024-12-09 13:39 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.84%) APR equals or exceeds the Federal HPML threshold of (8.23%). 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 (6.73%).(XXXX)) This loan failed the higher-priced mortgage loan test. (XXXX )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 XXXX, 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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and copy of the appraisal was given to the borrower – see Pg#’s XXXX for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/05/2024 | Resolved-The loan's (9.84%) APR equals or exceeds the Federal HPML threshold of (8.23%). 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 (6.73%).(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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s 332 An interior and exterior appraisal was completed for this property – see pg 41, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 29, and copy of the appraisal was given to the borrower – see Pg#’s 310 for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/05/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | 2934455 | N/A | N/A | |||||
| XXXX | XXXX | 1901755 | Closed | 2024-12-09 10:18 | 2024-12-30 13:27 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved-Received COC, finding resolved - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Seller-12/26/2024 Counter-Change of circumstance received does not have date of disclosures entered - Due Diligence Vendor-12/23/2024 Ready for Review-Document Uploaded. - Seller-12/19/2024 Counter-Missing change of circumstance for increased discount points - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. - Buyer-12/10/2024 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. (XXXX); XXXX; (XXXX). Missing Initial CD in file. - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. - Seller-12/26/2024 Ready for Review-Document Uploaded. - Seller-12/19/2024 |
Resolved-Received COC, finding resolved - Due Diligence Vendor-12/30/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2958142 | N/A | N/A | |||
| XXXX | XXXX | 1901755 | Closed | 2024-12-09 10:21 | 2024-12-12 20:41 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-initial cd received - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. - Seller-12/10/2024 Open-TRID: Missing Closing Disclosure Missing Initial CD in file. - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. - Seller-12/10/2024 |
Resolved-initial cd received - Due Diligence Vendor-12/12/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2958156 | N/A | N/A | |||
| XXXX | XXXX | 1901755 | Closed | 2024-12-09 09:26 | 2024-12-11 09:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Required Document Provided, changes made in system, Finding Resolved. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. - Buyer-12/10/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Gap report in file. - Due Diligence Vendor-12/09/2024 |
Resolved-Required Document Provided, changes made in system, Finding Resolved. - Due Diligence Vendor-12/11/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2958049 | N/A | N/A | ||||
| XXXX | XXXX | 1901755 | Closed | 2024-12-09 10:18 | 2024-12-30 13:27 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’sXXXX and copy of the appraisal was given to the borrower see Pg# XXXX for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/30/2024 Resolved-Under the Regulations adopted by the XXXX, as applicable to Mortgage Lenders, this is a Higher-Priced Mortgage. The loan's APR of (XXXX%) equals or exceeds the XXXX 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%). (XXXX); XXXX)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’sXXXX and copy of the appraisal was given to the borrower see Pg# XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-12/09/2024 |
Resolved-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# 535 and the Final Closing disclosure on Pg# 245 reflects escrows. Rate lock date was entered correctly see Pg#’s 538 An interior and exterior appraisal was completed for this property – see pg 30 the appraisal disclosure was provided to the borrower(s)- see Pg#’s30 and copy of the appraisal was given to the borrower see Pg# 231 for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/30/2024 Resolved-Under the Regulations adopted by the Maryland Commissioner of Financial Regulation, as applicable to Mortgage Lenders, this is a Higher-Priced Mortgage. The loan's APR of (9.555%) equals or exceeds the Maryland Higher-Priced Mortgage 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%). (COMAR 09.03.06.02(B)(13); 12 CFR 1026.35(a)(1)(i)) 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# 535 and the Final Closing disclosure on Pg# 245 reflects escrows. Rate lock date was entered correctly see Pg#’s 538 An interior and exterior appraisal was completed for this property – see pg 30 the appraisal disclosure was provided to the borrower(s)- see Pg#’s30 and copy of the appraisal was given to the borrower see Pg# 231 for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-12/09/2024 |
XX | Primary Residence | Purchase | NA | 2958143 | N/A | N/A | |||||
| XXXX | XXXX | 1901755 | Closed | 2024-12-09 10:18 | 2024-12-30 13:27 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’sXXXX and copy of the appraisal was given to the borrower see Pg# XXXX for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/30/2024 Resolved-The loan's (9.555%) 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)) 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# 535 and the Final Closing disclosure on Pg# 245 reflects escrows. Rate lock date was entered correctly see Pg#’s 538 An interior and exterior appraisal was completed for this property – see pg 30 the appraisal disclosure was provided to the borrower(s)- see Pg#’s30 and copy of the appraisal was given to the borrower see Pg# 231 for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-12/09/2024 |
Resolved-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# 535 and the Final Closing disclosure on Pg# 245 reflects escrows. Rate lock date was entered correctly see Pg#’s 538 An interior and exterior appraisal was completed for this property – see pg 30 the appraisal disclosure was provided to the borrower(s)- see Pg#’s30 and copy of the appraisal was given to the borrower see Pg# 231 for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/30/2024 Resolved-The loan's (9.555%) 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)) 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# 535 and the Final Closing disclosure on Pg# 245 reflects escrows. Rate lock date was entered correctly see Pg#’s 538 An interior and exterior appraisal was completed for this property – see pg 30 the appraisal disclosure was provided to the borrower(s)- see Pg#’s30 and copy of the appraisal was given to the borrower see Pg# 231 for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-12/09/2024 |
XX | Primary Residence | Purchase | NA | 2958144 | N/A | N/A | |||||
| XXXX | XXXX | 1901743 | Closed | 2024-12-12 03:12 | 2024-12-16 10:12 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Required Document provided, changes made in system, Finding Resolved - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. - Buyer-12/13/2024 Open-Title Coverage Amount of $0 is Less than Loan Amount Title Coverage Amount is missing in title report. - Due Diligence Vendor-12/12/2024 |
Resolved-Required Document provided, changes made in system, Finding Resolved - Due Diligence Vendor-12/16/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2988352 | N/A | N/A | ||||
| XXXX | XXXX | 1901743 | Closed | 2024-12-12 05:02 | 2024-12-13 15:50 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Payment shock exceeds guideline | Waived- There is exception provided for Payment shock exceeds 300% on a FTHB. page XXXX- Due Diligence Vendor-12/12/2024 | Waived- There is exception provided for Payment shock exceeds 300% on a FTHB. page 431 - Due Diligence Vendor-12/12/2024 |
Employment is 9+. Employment required per guidelines is 2. Residual Income is $XXXX. Minimum Residual Income required per guidelines is $1500. |
XX | Primary Residence | Purchase | NA | 2988534 | Originator Post-Close | Yes | ||||
| XXXX | XXXX | 1923715 | Closed | 2024-12-12 23:41 | 2024-12-18 17:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Photo Identification Type Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-12/18/2024 Resolved-document received, data updated. - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. - Buyer-12/16/2024 Open-ID is present but expired prior to initial 1003. - Due Diligence Vendor-12/12/2024 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-12/18/2024 Resolved-document received, data updated. - Due Diligence Vendor-12/18/2024 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 2998223 | N/A | N/A | ||||
| XXXX | XXXX | 1923690 | Closed | 2024-12-13 04:45 | 2025-01-17 18:16 | Cured | 2 - Non-Material | C | B | Compliance | Mavent | XXXX Fee Not Allowed- Guaranty Fee (Fee ID: 998) | Cured-Documents received, lender refund to borrower. - Due Diligence Vendor-01/17/2025 Ready for Review-Document Uploaded. - Seller-01/15/2025 Counter-Please upload check once available - Due Diligence Vendor-01/10/2025 Ready for Review-Document Uploaded. waiting on check will upload once receive - Buyer-01/08/2025 Counter-Per XXXX and our compliance engine, Appraisal Review Fee is prohibited unless Lender is bank or credit union (XXXX). Lender XXXX is not a bank or credit union, could you provide clarification from compliance engine if they have any clarification on this issue? - Due Diligence Vendor-12/24/2024 Ready for Review-Document Uploaded. It passed complianceeae.. please advise - Buyer-12/18/2024 Open-Section XXXX of the XXXX does not allow Guaranty Fee (Fee ID: 998) to be charged to the Borrower in XXXX. Property Located in XXXX and in Section C Feeses have Guaranty Fee - Due Diligence Vendor-12/13/2024 |
Ready for Review-Document Uploaded. - Seller-01/15/2025 |
Cured-Documents received, lender refund to borrower. - Due Diligence Vendor-01/17/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 2998642 | N/A | N/A | |||
| XXXX | XXXX | 1923690 | Closed | 2024-12-13 04:33 | 2024-12-24 19:00 | Resolved | 1 - Information | C | A | Compliance | Mavent | XXXX Fee Not Allowed- Appraisal Review Fee (Fee ID: 96) | Resolved-Clarification received, finding is resolved and cleared. - Due Diligence Vendor-12/24/2024 Ready for Review-Document Uploaded. - Buyer-12/20/2024 Open-Section XXXX of the XXXX does not allow Appraisal Review Fee (Fee ID: 96) to be charged to the Borrower in XXXX. - Due Diligence Vendor-12/13/2024 |
Resolved-Clarification received, finding is resolved and cleared. - Due Diligence Vendor-12/24/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2998629 | N/A | N/A | ||||
| XXXX | XXXX | 1923690 | Closed | 2024-12-13 17:28 | 2024-12-17 23:51 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 90% exceeds Guideline LTV of 85% Borrower self employed < 2 years Max LTV of 85%, FTHB not allowed - Due Diligence Vendor-12/17/2024 Ready for Review-Document Uploaded. - Buyer-12/13/2024 Open-Audited LTV of 90% exceeds Guideline LTV of 85% Borrower self employed < 2 years Max LTV of 85%, FTHB not allowed - Due Diligence Vendor-12/13/2024 |
Waived-Audited LTV of 90% exceeds Guideline LTV of 85% Borrower self employed < 2 years Max LTV of 85%, FTHB not allowed - Due Diligence Vendor-12/17/2024 |
XXXX | Residual Income is $XXXX. Minimum Residual Income required per guidelines is $1500. Credit Score is 753. Minimum required per guidelines is 720. DTI is 37.8%. Maximum allowed per guidelines is 50%. |
XX | Primary Residence | Purchase | NA | 3002864 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1923690 | Closed | 2024-12-13 16:42 | 2024-12-17 23:49 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Waived-S/E < 2 yrs - Due Diligence Vendor-12/17/2024 Ready for Review-Document Uploaded. - Buyer-12/13/2024 Open-Borrower is self employment <2 years. - Due Diligence Vendor-12/13/2024 |
Waived-S/E < 2 yrs - Due Diligence Vendor-12/17/2024 |
XXXX | Residual Income is $XXXX. Minimum Residual Income required per guidelines is $1500. Credit Score is 753. Minimum required per guidelines is 720. DTI is 37.8%. Maximum allowed per guidelines is 50%. |
XX | Primary Residence | Purchase | NA | 3002275 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1923690 | Closed | 2024-12-13 04:33 | 2024-12-13 04:49 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.153%) APR equals or exceeds the Federal HPML threshold of (8.09%). 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 (6.59%).(12 CFR 1026.35(a)(1)(i)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’XXXX and copy of the appraisal was given to the borrower see Pg# XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-12/13/2024 | Resolved-The loan's (9.153%) APR equals or exceeds the Federal HPML threshold of (8.09%). 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 (6.59%).(12 CFR 1026.35(a)(1)(i)) 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# 635 and the Final Closing disclosure on Pg# 396 reflects escrows. Rate lock date was entered correctly see Pg#’s 337 An interior and exterior appraisal was completed for this property – see pg 37 the appraisal disclosure was provided to the borrower(s)- see Pg#’37 and copy of the appraisal was given to the borrower see Pg# 37 for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-12/13/2024 |
XX | Primary Residence | Purchase | NA | 2998628 | N/A | N/A | |||||
| XXXX | XXXX | 1923687 | Closed | 2024-12-12 23:04 | 2024-12-18 00:15 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | VOE performed more than 10 days prior to closing | Waived-VOE > 10 days from Note - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. - Buyer-12/13/2024 Open-Verification of business existence required within 10 calendar days of closing when using personal bank statements - Due Diligence Vendor-12/12/2024 |
Waived-VOE > 10 days from Note - Due Diligence Vendor-12/18/2024 |
XXXX | Borrower(s) have 15.93 months Reserves. Minimum required per guidelines is 3 months. Self employed same business 13+ years, 2 years required per guidelines Residual Income is $XXXX. Minimum Residual Income required per guidelines is $1500. |
XX | Primary Residence | Purchase | NA | 2997927 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1923687 | Closed | 2024-12-12 11:19 | 2024-12-12 11:26 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.698%) APR equals or exceeds the Federal HPML threshold of (8.23%). 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 (6.73%).(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 #XXXX and the Final Closing disclosure on Pg #XXXX reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/12/2024 | Resolved-The loan's (9.698%) APR equals or exceeds the Federal HPML threshold of (8.23%). 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 (6.73%).(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 #396 and the Final Closing disclosure on Pg #176 reflects escrows. Rate lock date was entered correctly – see Pg #175 An interior and exterior appraisal was completed for this property – see Pg #42-51, the appraisal disclosure was provided to the borrower(s)- see Pg #31 and copy of the appraisal was given to the borrower – see Pg #31 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/12/2024 |
XX | Primary Residence | Purchase | NA | 2989180 | N/A | N/A | |||||
| XXXX | XXXX | 1939844 | Closed | 2024-12-12 14:39 | 2024-12-18 16:47 | Cured | 2 - Non-Material | C | B | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Cured-lender provided refund to borrower - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. - Buyer-12/17/2024 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: XXXX. 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)). 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: XXXX. 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. - Due Diligence Vendor-12/12/2024 |
Cured-lender provided refund to borrower - Due Diligence Vendor-12/18/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2990491 | N/A | N/A | ||||
| XXXX | XXXX | 1939844 | Closed | 2024-12-12 23:54 | 2024-12-18 16:45 | Resolved | 1 - Information | B | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) PUBLIC ASSISTANCE AREA (3) | Resolved-Document received - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. - Buyer-12/16/2024 Open-Property potentially affected by FEMA Disaster ID XXXXL - 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-12/12/2024 |
Resolved-Document received - Due Diligence Vendor-12/18/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2998275 | N/A | N/A | ||||
| XXXX | XXXX | 1939844 | Closed | 2024-12-13 00:11 | 2024-12-17 15:49 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-12/17/2024 Resolved-Document received, data updated - Due Diligence Vendor-12/17/2024 Ready for Review-Document Uploaded. - Buyer-12/13/2024 Open-Title Coverage Amount of $XXXX is Less than Loan Amount Please provide updated title policy. - Due Diligence Vendor-12/13/2024 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-12/17/2024 Resolved-Document received, data updated - Due Diligence Vendor-12/17/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 2998333 | N/A | N/A | ||||
| XXXX | XXXX | 1939844 | Closed | 2024-12-12 14:39 | 2024-12-13 00:02 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.93%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(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 #XXXX and the Final Closing disclosure on Pg #XXXX reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/12/2024 | Resolved-The loan's (9.93%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(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 #642 and the Final Closing disclosure on Pg #416 reflects escrows. Rate lock date was entered correctly – see Pg #414 An interior and exterior appraisal was completed for this property – see Pg #44-51, the appraisal disclosure was provided to the borrower(s)- see Pg #29 and copy of the appraisal was given to the borrower – see Pg #29 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/12/2024 |
XX | Primary Residence | Purchase | NA | 2990492 | N/A | N/A | |||||
| XXXX | XXXX | 1923694 | Closed | 2024-12-15 08:56 | 2024-12-18 13:44 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-As per Guidelines Maximum Reserves 6 Months whereas calculated reserves are 4.08. However, Exception doc is on page # XXXX given to reduce reserves for 3 months (Now the required reserves are 3 months and calculated reserves is 4.08 which meet the requirements) - Due Diligence Vendor-12/15/2024 | Waived-As per Guidelines Maximum Reserves 6 Months whereas calculated reserves are 4.08. However, Exception doc is on page # 240 given to reduce reserves for 3 months (Now the required reserves are 3 months and calculated reserves is 4.08 which meet the requirements) - Due Diligence Vendor-12/15/2024 |
1. LTV 5% or more below the maximum allowed per credit grade/tier- As per Calculation LTV is 78.5% and as per Guidelines which is maximum 85% LTV. 2. Residual income exceeds $3,500- As per Guidelines Minimum Residual Income is $3,500 and Calculated Residual Income is $XXXX. |
XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3008238 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 1923694 | Closed | 2024-12-17 19:30 | 2024-12-18 13:46 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.214%) APR equals or exceeds the Federal HPML threshold of (8.09%). 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 (6.59%).(12 CFR 1026.35(a)(1)(i)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX. The loan meets HPML guidelines" - Due Diligence Vendor-12/17/2024 | Resolved-The loan's (8.214%) APR equals or exceeds the Federal HPML threshold of (8.09%). 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 (6.59%).(12 CFR 1026.35(a)(1)(i)) 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# 443 and the Final Closing disclosure on Pg# 194 reflects escrows. Rate lock date was entered correctly see Pg#’s 446, 193 An interior and exterior appraisal was completed for this property – see pg 184. The loan meets HPML guidelines" - Due Diligence Vendor-12/17/2024 |
XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3025766 | N/A | N/A | |||||
| XXXX | XXXX | 1952350 | Closed | 2024-12-18 14:15 | 2024-12-30 12:57 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Received PCCD, finding resolved - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Seller-12/26/2024 Open-TRID: Missing Closing Disclosure Property located in XXXX State missing PCCD in File. - Due Diligence Vendor-12/18/2024 |
Ready for Review-Document Uploaded. - Seller-12/26/2024 |
Resolved-Received PCCD, finding resolved - Due Diligence Vendor-12/30/2024 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3030968 | N/A | N/A | |||
| XXXX | XXXX | 1952350 | Closed | 2024-12-16 13:55 | 2024-12-20 07:43 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-12/20/2024 Ready for Review-Document Uploaded. - Buyer-12/19/2024 Open-Title Coverage Amount of $XXXX is Less than Loan Amount Title Coverage amount missing in Title. - Due Diligence Vendor-12/16/2024 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-12/20/2024 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3010576 | N/A | N/A | ||||
| XXXX | XXXX | 1952350 | Closed | 2024-12-16 14:05 | 2024-12-20 07:42 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/20/2024 Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-12/20/2024 Ready for Review-Document Uploaded. - Buyer-12/19/2024 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Gap report expired which is >10 days. As per Guidelines required gap report within 10days of Note Date. - Due Diligence Vendor-12/16/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/20/2024 Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-12/20/2024 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3010706 | N/A | N/A | ||||
| XXXX | XXXX | 1952350 | Closed | 2024-12-16 13:52 | 2024-12-20 07:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Updated 1008 provided with Corrected HTI & DTI. - Due Diligence Vendor-12/20/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-12/20/2024 Ready for Review-Document Uploaded. - Buyer-12/19/2024 Open-The 1008 document is missing from the loan file. 1008 Doc is on Page # XXXX shows incorrect Interest Rate. Due to this getting variance in P&I & HTI. - Due Diligence Vendor-12/16/2024 |
Resolved-Updated 1008 provided with Corrected HTI & DTI. - Due Diligence Vendor-12/20/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-12/20/2024 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3010549 | N/A | N/A | ||||
| XXXX | XXXX | 1952350 | Closed | 2024-12-19 16:45 | 2024-12-19 16:49 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Audited Reserves of 8.7 month(s) are less than Guideline Required Reserves of 9 month(s) Exception made for 8 months reserves instead of 9 months - Due Diligence Vendor-12/19/2024 | Waived-Audited Reserves of 8.7 month(s) are less than Guideline Required Reserves of 9 month(s) Exception made for 8 months reserves instead of 9 months - Due Diligence Vendor-12/19/2024 |
LTV is 68.52%. Maximum allowed per guidelines is 85%. 14+ years in same business No derogatory credit history |
XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3044727 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 1923696 | Closed | 2024-12-23 22:14 | 2025-01-02 20:30 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project is ineligible | Waived-Exception made for investor ownership above 60% - Due Diligence Vendor-01/02/2025 Ready for Review-Document Uploaded. - Seller-12/30/2024 Counter-Questionnaire shows investor ownership above 60% - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Buyer-12/27/2024 Open-Condo questionnaire does not clarify the amount of off-site/investor owned units, above 70% - Due Diligence Vendor-12/23/2024 |
Ready for Review-Document Uploaded. - Seller-12/30/2024 |
Waived-Exception made for investor ownership above 60% - Due Diligence Vendor-01/02/2025 |
XXXX | LTV is 47.14%. Maximum allowed per guidelines is 75%. DTI is 30.39%. Maximum allowed per guidelines is 50%. Residual Income is $4,934.16. Minimum Residual Income required per guidelines is $3500-Verified. Employment 5+ yrs-Verified. |
XX | Primary Residence | Purchase | NA | 3072261 | Originator Post-Close | Yes | ||
| XXXX | XXXX | 1923696 | Closed | 2024-12-24 04:02 | 2024-12-30 13:49 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Received CD for sales proceeds - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Buyer-12/27/2024 Open-Borrower selling Current home. As per Guidelines required Settlement statement for verifying sufficient net proceeds. - Due Diligence Vendor-12/24/2024 |
Resolved-Received CD for sales proceeds - Due Diligence Vendor-12/30/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 3073210 | N/A | N/A | ||||
| XXXX | XXXX | 1923696 | Closed | 2024-12-24 07:45 | 2024-12-30 06:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Deed document provided. - Due Diligence Vendor-12/30/2024 Resolved-Title Document is Provided And Complete - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Buyer-12/27/2024 Open-Title Document is Incomplete Missing vesting in borrowers - Due Diligence Vendor-12/24/2024 |
Resolved-Deed document provided. - Due Diligence Vendor-12/30/2024 Resolved-Title Document is Provided And Complete - Due Diligence Vendor-12/30/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 3073715 | N/A | N/A | ||||
| XXXX | XXXX | 1923696 | Closed | 2024-12-22 11:06 | 2024-12-30 06:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception Provided: Loan Amount < $XXXX - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. - Seller-12/27/2024 Open-Audited Loan Amount is less than Guideline Minimum Loan Amount As per Guidelines Minimum Loan amount $XXXX whereas loan have $XXXX which is not meeting the requirements. - Due Diligence Vendor-12/22/2024 |
Ready for Review-Document Uploaded. - Seller-12/27/2024 |
Waived-Exception Provided: Loan Amount < $XXXX - Due Diligence Vendor-12/30/2024 |
XXXX | Compensating Factors: 1. Employment 5+ yrs-Verified. 2. LTV is 47.14%. Maximum allowed per guidelines is 75%-Verified. 3. Residual Income is $XXXX Minimum Residual Income required per guidelines is $3500-Verified. |
XX | Primary Residence | Purchase | NA | 3062692 | Originator Post-Close | Yes | ||
| XXXX | XXXX | 1923696 | Closed | 2024-12-24 14:10 | 2024-12-24 14:10 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Exception made for single entity ownership being above 25% - Due Diligence Vendor-12/24/2024 | Waived-Loan does not conform to program guidelines Exception made for single entity ownership being above 25% - Due Diligence Vendor-12/24/2024 |
Credit Score is 646. Minimum required per guidelines is 620. LTV is 47.14%. Maximum allowed per guidelines is 75%. DTI is 30.39%. Maximum allowed per guidelines is 50%. |
XX | Primary Residence | Purchase | NA | 3075086 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 1923696 | Closed | 2024-12-22 11:55 | 2024-12-23 22:09 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Massachusetts - Higher Priced Mortgage Loan | Resolved-XXXX Truth in Lending Mortgage Loan Regulations provide that compliance with XXXX constitutes compliance with XXXX. This first lien closed end conforming loan secured by a 1-4 primary dwelling is a XXXX (HPML). The loan's (8.551%) APR equals or exceeds the Federal HPML threshold of (8.23%). The threshold is determined by adding 1.5 points to the (6.73%) comparable average prime offer rate index on the "last date the interest rate is set before consummation." (XXXX) 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# XXXXand the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg.’s XXXX An interior and exterior appraisal was completed for this property – see pg. XXXX, page XXXX shows borrower receiving a copy of the appraisal, The loan meets HPML guidelines" - Due Diligence Vendor-12/22/2024 | 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 (8.551%) APR equals or exceeds the Federal HPML threshold of (8.23%). The threshold is determined by adding 1.5 points to the (6.73%) 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)) 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# 445 and the Final Closing disclosure on Pg# 162 reflects escrows. Rate lock date was entered correctly see Pg.’s 448 An interior and exterior appraisal was completed for this property – see pg. 22, page 145 shows borrower receiving a copy of the appraisal, The loan meets HPML guidelines" - Due Diligence Vendor-12/22/2024 |
XX | Primary Residence | Purchase | NA | 3062717 | N/A | N/A | |||||
| XXXX | XXXX | 1923696 | Closed | 2024-12-22 11:55 | 2024-12-23 22:08 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.551%) APR equals or exceeds the Federal HPML threshold of (8.23%). 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 (6.73%).(12 CFR 1026.35(a)(1)(i)) 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# XXXX and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg.’s XXXX An interior and exterior appraisal was completed for this property – see pg.XXXX., page XXXX shows borrower receiving a copy of the appraisal, The loan meets HPML guidelines" - Due Diligence Vendor-12/22/2024 | Resolved-The loan's (8.551%) APR equals or exceeds the Federal HPML threshold of (8.23%). 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 (6.73%).(12 CFR 1026.35(a)(1)(i)) 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# 445 and the Final Closing disclosure on Pg# 162 reflects escrows. Rate lock date was entered correctly see Pg.’s 448 An interior and exterior appraisal was completed for this property – see pg. 22., page 145 shows borrower receiving a copy of the appraisal, The loan meets HPML guidelines" - Due Diligence Vendor-12/22/2024 |
XX | Primary Residence | Purchase | NA | 3062718 | N/A | N/A | |||||
| XXXX | XXXX | 1923698 | Closed | 2024-12-23 03:52 | 2024-12-26 08:19 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Loan Approval provided, finding Resolved - Due Diligence Vendor-12/26/2024 Ready for Review-Document Uploaded. - Buyer-12/24/2024 Open-Loan Approval form is on Page # XXXX shows Documentation 24 months bank statements but Borrower income Qualifying with 12 months bank statements. - Due Diligence Vendor-12/23/2024 |
Resolved-Updated Loan Approval provided, finding Resolved - Due Diligence Vendor-12/26/2024 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3063867 | N/A | N/A | ||||
| XXXX | XXXX | 1923698 | Closed | 2024-12-22 05:08 | 2024-12-26 08:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Executed 4506-T Missing | Resolved-Required Document Provided, changes made in system, Finding Resolved. - Due Diligence Vendor-12/26/2024 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-12/26/2024 Ready for Review-Document Uploaded. - Buyer-12/24/2024 Open-Borrower 1 Executed 4506-T Missing Missing 4506-T Doc in file for B1 Borrower. - Due Diligence Vendor-12/22/2024 |
Resolved-Required Document Provided, changes made in system, Finding Resolved. - Due Diligence Vendor-12/26/2024 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-12/26/2024 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3062472 | N/A | N/A | ||||
| XXXX | XXXX | 1923691 | Closed | 2025-01-08 17:43 | 2025-01-10 18:53 | Acknowledged | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Anti-Steering Disclosure | Acknowledged-Client acknowledges missing anti steering disclosure. - Due Diligence Vendor-01/10/2025 Ready for Review-XXXX acknowledges missing disclosure - Seller-01/08/2025 Open-Please provide anti-steering disclosure - Due Diligence Vendor-01/08/2025 |
Ready for Review-XXXX acknowledges missing disclosure - Seller-01/08/2025 |
Acknowledged-Client acknowledges missing anti steering disclosure. - Due Diligence Vendor-01/10/2025 |
XX | Primary Residence | Refinance | Cash Out - Other | 3164656 | Originator Post-Close | No | ||||
| XXXX | XXXX | 1923691 | Closed | 2024-12-22 08:44 | 2025-01-08 17:32 | Resolved | 1 - Information | C | A | Compliance | Enterprise:FeeLimits | ER - XXXX Constitution 2% Fee Limit | Resolved-document received, data updated - Due Diligence Vendor-01/08/2025 Ready for Review-Document Uploaded. - Buyer-01/06/2025 Open-The XXXX prohibits fees from exceeding 2% of the principal balance on a non-purchase money loan. (XXXX); XXXX) Confirmed this is State based finding. - Due Diligence Vendor-12/22/2024 |
Resolved-document received, data updated - Due Diligence Vendor-01/08/2025 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 3062604 | N/A | N/A | ||||
| XXXX | XXXX | 1923691 | Closed | 2024-12-22 08:44 | 2025-01-08 17:32 | Resolved | 1 - Information | C | A | Compliance | Fees:Limited | XXXX - Maximum Fees Allowed | Resolved-document received, data updated - Due Diligence Vendor-01/08/2025 Ready for Review-Document Uploaded. - Seller-01/06/2025 Open-The XXXX prohibits fees from exceeding 2% of the principal balance on a non-purchase money loan. (XXXX; XXXX) Confirmed this is State based finding. - Due Diligence Vendor-12/22/2024 |
Ready for Review-Document Uploaded. - Seller-01/06/2025 |
Resolved-document received, data updated - Due Diligence Vendor-01/08/2025 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 3062606 | N/A | N/A | |||
| XXXX | XXXX | 1923691 | Closed | 2024-12-22 08:52 | 2025-01-02 20:04 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-document received, data updated - Due Diligence Vendor-01/02/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-01/02/2025 Ready for Review-Document Uploaded. - Buyer-12/30/2024 Open-The Final 1003 is Incomplete Years in Industry XXXX is lower than Years in job XXXX Years. - Due Diligence Vendor-12/22/2024 |
Resolved-document received, data updated - Due Diligence Vendor-01/02/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-01/02/2025 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 3062609 | N/A | N/A | ||||
| XXXX | XXXX | 1923691 | Closed | 2024-12-22 08:55 | 2024-12-31 06:57 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | VOE performed more than 10 days prior to closing | Waived-Exception Provided: VOE > 10 days from Note - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. - Buyer-12/30/2024 Open-Existence of business required within 10 calendar days of closing. (CPA and 3rd party are > 10 days) - Due Diligence Vendor-12/22/2024 |
Waived-Exception Provided: VOE > 10 days from Note - Due Diligence Vendor-12/31/2024 |
XXXX | Compensating factors: 1. Employment 5+ yrs-Verified. 2. DTI is 32.01%. Maximum allowed per guidelines is 50%-Verified. 3. Residual Income is $13,856.96. Minimum Residual Income required per guidelines is $3500-Verified. |
XX | Primary Residence | Refinance | Cash Out - Other | 3062613 | Originator Pre-Close | Yes | |||
| XXXX | XXXX | 1923691 | Closed | 2024-12-22 09:04 | 2024-12-22 09:05 | Waived | 2 - Non-Material | B | B | Credit | Income/Employment | Income 1 Income Trend is Decreasing | Waived-Exception page #XXXX is made for Income declining 27% in the most recent 6 months. - Due Diligence Vendor-12/22/2024 | Waived-Exception page #208 is made for Income declining 27% in the most recent 6 months. - Due Diligence Vendor-12/22/2024 |
1. LTV is 69.97%. Maximum allowed per guidelines is 75%. 2. Borrower has 27.30 years in self employed same business. |
XX | Primary Residence | Refinance | Cash Out - Other | 3062615 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 1923691 | Closed | 2024-12-22 08:44 | 2025-01-08 17:34 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.14%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and copy of the appraisal was given to the borrower – see Pg#’s XXXX for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-01/08/2025 Resolved-The loan's (9.14%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and copy of the appraisal was given to the borrower – see Pg#’s XXXX for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/22/2024 |
Resolved-The loan's (9.14%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s 180 An interior and exterior appraisal was completed for this property – see pg 51 , the appraisal disclosure was provided to the borrower(s)- see Pg#’s 46, and copy of the appraisal was given to the borrower – see Pg#’s 377 for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-01/08/2025 Resolved-The loan's (9.14%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s 180 An interior and exterior appraisal was completed for this property – see pg 51 , the appraisal disclosure was provided to the borrower(s)- see Pg#’s 46, and copy of the appraisal was given to the borrower – see Pg#’s 377 for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/22/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | 3062605 | N/A | N/A | |||||
| XXXX | XXXX | 1923688 | Closed | 2024-12-31 17:52 | 2025-01-02 15:15 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Reserves < 6 months. Actual 3.85 - Due Diligence Vendor-01/02/2025 Ready for Review-Document Uploaded. - Buyer-01/01/2025 Open-FTHB with LTV >85% require 6 months of reserves. - Due Diligence Vendor-12/31/2024 Open-Audited Reserves of 3.85 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-12/31/2024 |
Waived-Reserves < 6 months. Actual 3.85 - Due Diligence Vendor-01/02/2025 |
XXXX | Residual Income is $XXXX Minimum Residual Income required per guidelines is $1500. Credit Score is 756. Minimum required per guidelines is 720. |
XX | Primary Residence | Purchase | NA | 3114481 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1923688 | Closed | 2024-12-23 12:03 | 2024-12-31 07:04 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Deed document & final title policy provided showing vesting in borrowers name. - Due Diligence Vendor-12/31/2024 Resolved-Title Document is Provided And Complete - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. - Buyer-12/30/2024 Open-Title Document is Incomplete Missing vesting in borrowers - Due Diligence Vendor-12/23/2024 |
Resolved-Deed document & final title policy provided showing vesting in borrowers name. - Due Diligence Vendor-12/31/2024 Resolved-Title Document is Provided And Complete - Due Diligence Vendor-12/31/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 3064972 | N/A | N/A | ||||
| XXXX | XXXX | 1923688 | Closed | 2024-12-23 11:42 | 2024-12-31 07:01 | Resolved | 1 - Information | C | A | Credit | Credit | DTI discrepancy or failure. | Resolved-Updated Loan Approval Provided with Corrected DTI which is now matching with Loan file. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. - Buyer-12/30/2024 Open-XXXX balance $XXXX was Authorized user so not considered to Tradelines XXXX balance $XXXX was Authorized user so not considered to Tradelines So getting DTI Variance >1 %. - Due Diligence Vendor-12/23/2024 |
Resolved-Updated Loan Approval Provided with Corrected DTI which is now matching with Loan file. - Due Diligence Vendor-12/31/2024 |
XXXX | XX | Primary Residence | Purchase | NA | 3064900 | N/A | N/A | ||||
| XXXX | XXXX | 1923688 | Closed | 2024-12-23 11:37 | 2024-12-23 11:37 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.956%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(12 CFR 1026.35(a)(1)(i)) 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# 400 and the Final Closing disclosure on Pg# XXXX reflects escrows. Rate lock date was entered correctly see Pg#’s XXXX, XXXX. The loan meets HPML guidelines - Due Diligence Vendor-12/23/2024 | Resolved-The loan's (9.956%) APR equals or exceeds the Federal HPML threshold of (8.28%). 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 (6.78%).(12 CFR 1026.35(a)(1)(i)) 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# 400 and the Final Closing disclosure on Pg# 152 reflects escrows. Rate lock date was entered correctly see Pg#’s 404, 149. The loan meets HPML guidelines - Due Diligence Vendor-12/23/2024 |
XX | Primary Residence | Purchase | NA | 3064879 | N/A | N/A | |||||
| XXXX | XXXX | 1939517 | Closed | 2024-12-24 14:07 | 2024-12-24 14:27 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Non-Conforming) | Resolved-The loan's (9.516%) APR equals or exceeds the Federal HPML threshold of (9.28%). The system determines the threshold by adding 2.5 points to the comparable average prime offer rate index of (6.78%). The System applied this threshold because this ($XXXX) loan exceeds ($XXXX), which is the XXXX conforming loan limit as of the date the loan's interest rate was set before consummation. (12 CFR 1026.35(a)(1)(ii)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #XXXX and the Final Closing disclosure on Pg #XXXX reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/24/2024 | Resolved-The loan's (9.516%) APR equals or exceeds the Federal HPML threshold of (9.28%). The system determines the threshold by adding 2.5 points to the comparable average prime offer rate index of (6.78%). The System applied this threshold because this ($XXX) loan exceeds ($XXX), which is the Freddie Mac conforming loan limit as of the date the loan's interest rate was set before consummation. (12 CFR 1026.35(a)(1)(ii)) 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 #667 and the Final Closing disclosure on Pg #373 reflects escrows. Rate lock date was entered correctly – see Pg #368 An interior and exterior appraisal was completed for this property – see Pg #45-53, the appraisal disclosure was provided to the borrower(s)- see Pg #31 and copy of the appraisal was given to the borrower – see Pg #31 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/24/2024 |
XX | Primary Residence | Purchase | NA | 3075052 | N/A | N/A | |||||
| XXXX | XXXX | 1939846 | Closed | 2025-01-06 17:10 | 2025-01-23 18:29 | Resolved | 1 - Information | C | A | Credit | Credit | Appraisal deficiency. | Resolved-Document received, data acknowledged. - Due Diligence Vendor-01/23/2025 Ready for Review-Document Uploaded. - Buyer-01/21/2025 Open-Appraisal is present but does not support the same flood zone as the flood certificate - Due Diligence Vendor-01/06/2025 |
Resolved-Document received, data acknowledged. - Due Diligence Vendor-01/23/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3144905 | N/A | N/A | ||||
| XXXX | XXXX | 1939846 | Closed | 2024-12-30 13:29 | 2025-01-09 07:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Required document Provided, Changes made in system, Finding resolved - Due Diligence Vendor-01/09/2025 Ready for Review-Document Uploaded. See flood ins B - Buyer-01/08/2025 Open-Missing Flood Insurance Policy Flood zone is AE, Please clarify the use of policy XXX. - Due Diligence Vendor-12/30/2024 |
Resolved-Required document Provided, Changes made in system, Finding resolved - Due Diligence Vendor-01/09/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3100088 | N/A | N/A | ||||
| XXXX | XXXX | 1939846 | Closed | 2024-12-30 14:39 | 2025-01-09 07:50 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Loan Approval document provided, Finding resolved - Due Diligence Vendor-01/09/2025 Ready for Review-Document Uploaded. - Buyer-01/08/2025 Open-As per provided documents the documentation is 24 Mo. Personal Bank Statements, however Approval cert page #XXXX showing 12 Mo. Personal Bank Statements. HTI and DTI also not matching with 1008. Provide updated approval cert. - Due Diligence Vendor-12/30/2024 |
Resolved-Updated Loan Approval document provided, Finding resolved - Due Diligence Vendor-01/09/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3100761 | N/A | N/A | ||||
| XXXX | XXXX | 1939846 | Closed | 2024-12-30 14:21 | 2024-12-30 14:36 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.67%) APR equals or exceeds the Federal HPML threshold of (8.33%). 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 (6.83%).(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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX , and copy of the appraisal was given to the borrower – see Pg#’s XXXX for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/30/2024 | Resolved-The loan's (9.67%) APR equals or exceeds the Federal HPML threshold of (8.33%). 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 (6.83%).(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. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s 427 An interior and exterior appraisal was completed for this property – see pg 45 , the appraisal disclosure was provided to the borrower(s)- see Pg#’s 31 , and copy of the appraisal was given to the borrower – see Pg#’s 427 for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-12/30/2024 |
XX | Primary Residence | Purchase | NA | 3100568 | N/A | N/A | |||||
| XXXX | XXXX | 1959617 | Closed | 2025-01-15 19:17 | 2025-02-10 16:58 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Undiscounted Rate is Missing | Resolved-Finding resolved - Due Diligence Vendor-02/10/2025 Ready for Review-Document Uploaded. - Seller-02/06/2025 Counter-Document provided is not sufficient to mark the discount points bona fide - Due Diligence Vendor-02/06/2025 Ready for Review-Document Uploaded. - Seller-02/04/2025 Open-Undiscounted Rate disclosure missing - Due Diligence Vendor-01/15/2025 |
Ready for Review-Document Uploaded. - Seller-02/06/2025 Ready for Review-Document Uploaded. - Seller-02/04/2025 |
Resolved-Finding resolved - Due Diligence Vendor-02/10/2025 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 3213260 | N/A | N/A | |||
| XXXX | XXXX | 1959617 | Closed | 2025-01-15 19:59 | 2025-01-23 23:23 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 W2/1099 Missing | Waived-Received acceptable credit exception, finding has been resolved and cleared. - Due Diligence Vendor-01/23/2025 Ready for Review-Document Uploaded. - Buyer-01/21/2025 Open-Borrower 1 W2/1099 Missing Need additional comp factors, due to multiple exceptions on file - Due Diligence Vendor-01/15/2025 |
Waived-Received acceptable credit exception, finding has been resolved and cleared. - Due Diligence Vendor-01/23/2025 |
XXXX | 1. LTV is 33.7%. Maximum allowed per guidelines is 80%. 2. Credit Score is 620. Minimum required per guidelines is 750. 3. Living for 5+ years in subject history 4. 48+ months mortgage payment history with 0 mortgage lates (99 mos reviewed on credit report) |
XX | Primary Residence | Refinance | Cash Out - Other | 3213832 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1959617 | Closed | 2025-01-15 19:26 | 2025-01-23 23:23 | Waived | 2 - Non-Material | C | B | Credit | Credit | Residual income requirement not met. | Waived-Received acceptable credit exception, finding has been resolved and cleared. - Due Diligence Vendor-01/23/2025 Ready for Review-Document Uploaded. - Buyer-01/21/2025 Open-Minimum residual income required is $XXXX, borrower has $XXXX - Due Diligence Vendor-01/15/2025 |
Waived-Received acceptable credit exception, finding has been resolved and cleared. - Due Diligence Vendor-01/23/2025 |
XXXX | 1. LTV is 33.7%. Maximum allowed per guidelines is 80%. 2. Credit Score is 620. Minimum required per guidelines is 750. 3. Living for 5+ years in subject history 4. 48+ months mortgage payment history with 0 mortgage lates (99 mos reviewed on credit report) |
XX | Primary Residence | Refinance | Cash Out - Other | 3213377 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1959617 | Closed | 2025-01-13 07:07 | 2025-01-23 20:30 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception provided. -Loan amount < $XXXX - Due Diligence Vendor-01/22/2025 Ready for Review-Document Uploaded. - Seller-01/21/2025 Open-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXX Need additional comp factors, due to multiple exceptions on file - Due Diligence Vendor-01/13/2025 |
Ready for Review-Document Uploaded. - Seller-01/21/2025 |
Waived-Exception provided. -Loan amount < $XXXX - Due Diligence Vendor-01/22/2025 |
XXXX | 1. LTV is 33.7%. Maximum allowed per guidelines is 80%. 2. Credit Score is 620. Minimum required per guidelines is 750. 3. Living for 5+ years in subject history 4. 48+ months mortgage payment history(99 mos reviewed on credit report) |
XX | Primary Residence | Refinance | Cash Out - Other | 3189226 | Originator Post-Close | Yes | ||
| XXXX | XXXX | 1988128 | Closed | 2025-02-06 21:38 | 2025-02-28 14:48 | Resolved | 1 - Information | C | A | Credit | Credit | Deficient Income Documentation | Resolved-Finding resolved - Due Diligence Vendor-02/28/2025 Ready for Review-Loan has been mnoved to XXXX - Buyer-02/26/2025 Counter-Pending investor clarification - Due Diligence Vendor-02/14/2025 Ready for Review-Loan is being switched from XXXX- this will no longer apply - Seller-02/12/2025 Open-Missing 50% expense factor, CPA showing a fixed expense factor or a 3rd party P&L from file - Due Diligence Vendor-02/06/2025 |
Ready for Review-Loan is being switched from XXXX- this will no longer apply - Seller-02/12/2025 |
Resolved-Finding resolved - Due Diligence Vendor-02/28/2025 |
XX | Primary Residence | Purchase | NA | 3370230 | N/A | N/A | ||||
| XXXX | XXXX | 1988128 | Closed | 2025-02-04 10:25 | 2025-02-28 14:38 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-02/14/2025 Ready for Review-Document Uploaded. - Seller-02/13/2025 Open-The Final 1003 is Incomplete LOX in file stating borrowers sold their previous primary residence, 1003 lists property as being retained - Due Diligence Vendor-02/04/2025 |
Ready for Review-Document Uploaded. - Seller-02/13/2025 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-02/14/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3343051 | N/A | N/A | |||
| XXXX | XXXX | 1988128 | Closed | 2025-02-04 09:15 | 2025-02-13 07:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Personal Bank Statements Missing | Resolved-12 months Business bank statement which was used for Income Provided. - Due Diligence Vendor-02/13/2025 Resolved-Borrower 1 Personal Bank Statements Provided - Due Diligence Vendor-02/13/2025 Ready for Review-Document Uploaded. - Seller-02/12/2025 Open-Borrower 1 Personal Bank Statements Missing 12 months personal bank statement utilized on income calculation worksheet missing from file - Due Diligence Vendor-02/04/2025 |
Ready for Review-Document Uploaded. - Seller-02/12/2025 |
Resolved-12 months Business bank statement which was used for Income Provided. - Due Diligence Vendor-02/13/2025 Resolved-Borrower 1 Personal Bank Statements Provided - Due Diligence Vendor-02/13/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3342901 | N/A | N/A | |||
| XXXX | XXXX | 1988128 | Closed | 2025-02-05 19:19 | 2025-02-13 07:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Business Bank Statements Missing | Resolved-Borrower 1 Business Bank Statements Provided - Due Diligence Vendor-02/13/2025 Ready for Review-Document Uploaded. - Buyer-02/12/2025 Open-Borrower 1 Business Bank Statements Missing Two (2) months business bank statements (to support the borrower does maintain separate account(s)). If business bank statements cannot be provided to evidence a separate business account, then a 10% expense factor may be applied as long as there is no indication that the personal assets are a co-mingled account - Due Diligence Vendor-02/05/2025 |
Resolved-Borrower 1 Business Bank Statements Provided - Due Diligence Vendor-02/13/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3358584 | N/A | N/A | ||||
| XXXX | XXXX | 1973087 | Closed | 2025-02-13 15:23 | 2025-03-05 22:05 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure Deficiency | Resolved-Received XXXX, finding resolved - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. - Seller-03/03/2025 Counter-Initial closing disclosure has a signature date of 1/31/24 for the co-borrower, correction missing - Due Diligence Vendor-03/03/2025 Ready for Review-Document Uploaded. - Seller-02/27/2025 Open-Missing clarification on signature of second borrower on initial closing disclosure - Due Diligence Vendor-02/13/2025 |
Ready for Review-Document Uploaded. - Seller-03/03/2025 Ready for Review-Document Uploaded. - Seller-02/27/2025 |
Resolved-Received ICD, finding resolved - Due Diligence Vendor-03/05/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3415743 | N/A | N/A | |||
| XXXX | XXXX | 1973087 | Closed | 2025-02-07 09:42 | 2025-03-03 13:33 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-03/03/2025 Ready for Review-Document Uploaded. - Seller-02/27/2025 Counter-Received settlement, missing final closing disclosure - Due Diligence Vendor-02/13/2025 Ready for Review-Document Uploaded. - Seller-02/11/2025 Counter-1. Received initial closing disclosure, clarification on co-borrower signature date required 2. Missing final closing disclosure - Due Diligence Vendor-02/11/2025 Ready for Review-Document Uploaded. - Seller-02/07/2025 Open-TRID: Missing Final Closing Disclosure Final Closing Disclosure missing from file - Due Diligence Vendor-02/07/2025 |
Ready for Review-Document Uploaded. - Seller-02/27/2025 Ready for Review-Document Uploaded. - Seller-02/11/2025 Ready for Review-Document Uploaded. - Seller-02/07/2025 |
Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-03/03/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3372727 | N/A | N/A | |||
| XXXX | XXXX | 1973087 | Closed | 2025-02-07 19:50 | 2025-02-11 21:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-Received LOX, finding resolved - Due Diligence Vendor-02/11/2025 Ready for Review-Document Uploaded. - Buyer-02/07/2025 Open-Missing LOE for decline in income for the most recent 6 months - Due Diligence Vendor-02/07/2025 |
Resolved-Received LOX, finding resolved - Due Diligence Vendor-02/11/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3378586 | N/A | N/A | ||||
| XXXX | XXXX | 1973087 | Closed | 2025-02-07 08:02 | 2025-02-10 09:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE with Active status uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-02/10/2025 Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/10/2025 Ready for Review-Document Uploaded. - Seller-02/07/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Verification of business existence required within 10 calendar days of closing. - Due Diligence Vendor-02/07/2025 |
Ready for Review-Document Uploaded. - Seller-02/07/2025 |
Resolved-Borrower 1 3rd Party VOE with Active status uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-02/10/2025 Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/10/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3372509 | N/A | N/A | |||
| XXXX | XXXX | 1973087 | Closed | 2025-03-03 13:49 | 2025-03-03 13:49 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.138%) APR equals or exceeds the Federal HPML threshold of (8.39%). 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 (6.89%).(12 CFR 1026.35(a)(1)(i)) TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX, and copy of the appraisal was given to the borrower – see Pg#’s XXXX for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-03/03/2025 | Resolved-The loan's (9.138%) APR equals or exceeds the Federal HPML threshold of (8.39%). 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 (6.89%).(12 CFR 1026.35(a)(1)(i)) TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Loan is a closed end second lien and is not required to escrow . Rate lock date was entered correctly – see Pg#’s 193An interior and exterior appraisal was completed for this property – see pg 42, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 482, and copy of the appraisal was given to the borrower – see Pg#’s 40for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-03/03/2025 |
XX | Primary Residence | Purchase | NA | 3511116 | N/A | N/A | |||||
| XXXX | XXXX | 1979033 | Closed | 2025-02-19 08:57 | 2025-02-21 15:31 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV Exceeds Guideline LTV Exception made for 80% LTV - Due Diligence Vendor-02/19/2025 | Waived-Audited LTV Exceeds Guideline LTV Exception made for 80% LTV - Due Diligence Vendor-02/19/2025 |
Borrower employed in same business for 10+ years Residual Income is $XXXX. Minimum Residual Income required per guidelines is $3500. |
XX | Primary Residence | Refinance | Cash Out - Other | 3443787 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 1979033 | Closed | 2025-02-19 08:41 | 2025-02-21 15:30 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.697%) APR equals or exceeds the Federal HPML threshold of (8.39%). 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 (6.89%).(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#XXXXand the Final Closing disclosure on Pg#XXXX. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX, XXXX,XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’ XXXX, XXXX, XXXX and copy of the appraisal was given to the borrower see Pg XXXX, XXXX, XXXX , XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-02/19/2025 | Resolved-The loan's (8.697%) APR equals or exceeds the Federal HPML threshold of (8.39%). 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 (6.89%).(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#318 and the Final Closing disclosure on Pg#127. Rate lock date was entered correctly see Pg#’s 360 An interior and exterior appraisal was completed for this property – see pg 48, 114, 437 the appraisal disclosure was provided to the borrower(s)- see Pg#’ 48, 114, 437 and copy of the appraisal was given to the borrower see Pg 48, 114, 437 , 365for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-02/19/2025 |
XX | Primary Residence | Refinance | Cash Out - Other | 3443690 | N/A | N/A | |||||
| XXXX | XXXX | 1979033 | Closed | 2025-02-19 08:41 | 2025-02-21 15:30 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan | Resolved-XXXX provide that compliance with XXXX constitutes compliance with XXXX. This first lien closed end conforming loan secured by a 1-4 primary dwelling is a XXXX (HPML). The loan's (8.697%) APR equals or exceeds the Federal HPML threshold of (8.39%). The threshold is determined by adding 1.5 points to the (6.89%) comparable average prime offer rate index on the "last date the interest rate is set before consummation." (XXXX; XXXX) 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#XXXX and the Final Closing disclosure on Pg#XXXX. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX, XXXX, XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’ XXXX, XXXX, XXXX and copy of the appraisal was given to the borrower see Pg XXXX, XXXX, XXXX , XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-02/19/2025 | 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 (8.697%) APR equals or exceeds the Federal HPML threshold of (8.39%). The threshold is determined by adding 1.5 points to the (6.89%) 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#318 and the Final Closing disclosure on Pg#127. Rate lock date was entered correctly see Pg#’s 360 An interior and exterior appraisal was completed for this property – see pg 48, 114, 437 the appraisal disclosure was provided to the borrower(s)- see Pg#’ 48, 114, 437 and copy of the appraisal was given to the borrower see Pg 48, 114, 437 , 365for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-02/19/2025 |
XX | Primary Residence | Refinance | Cash Out - Other | 3443688 | N/A | N/A | |||||
| XXXX | XXXX | 1979032 | Closed | 2025-02-20 06:45 | 2025-02-20 06:56 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.017%) APR equals or exceeds the Federal HPML threshold of (8.57%). 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 (7.07%).(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#XXXX and the Final Closing disclosure on Pg#XXXX. Rate lock date was entered correctly see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX, XXXX, XXXX the appraisal disclosure was provided to the borrower(s)- see Pg#’ XXXX, XXXX, XXXX and copy of the appraisal was given to the borrower see Pg XXXX, XXXX, XXXX,XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-02/20/2025 | Resolved-The loan's (9.017%) APR equals or exceeds the Federal HPML threshold of (8.57%). 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 (7.07%).(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#363 and the Final Closing disclosure on Pg#175. Rate lock date was entered correctly see Pg#’s 174 An interior and exterior appraisal was completed for this property – see pg 34, 160, 467 the appraisal disclosure was provided to the borrower(s)- see Pg#’ 34, 160, 467 and copy of the appraisal was given to the borrower see Pg 34, 160, 467, 387for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-02/20/2025 |
XX | Primary Residence | Purchase | NA | 3451749 | N/A | N/A | |||||
| XXXX | XXXX | 2007423 | Closed | 2025-02-28 13:21 | 2025-03-12 15:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Audited LTV Exceeds Guideline LTV Updated matrix received during review - Due Diligence Vendor-03/12/2025 Resolved-Audited LTV of 85% is less than or equal to Guideline LTV of 85% - Due Diligence Vendor-03/10/2025 Ready for Review-Document Uploaded. - Buyer-03/06/2025 Counter-Thank you for the clarification. The most recent matrix we have is dated XXXX which does not include the higher LTV - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. - Seller-03/03/2025 Open-Audited LTV of 85% exceeds Guideline LTV of 80% Verified LTV is 85% however maximum LTV per guideline is 80% for XXXX. - Due Diligence Vendor-02/28/2025 |
Ready for Review-Document Uploaded. - Seller-03/03/2025 |
Resolved-Audited LTV Exceeds Guideline LTV Updated matrix received during review - Due Diligence Vendor-03/12/2025 Resolved-Audited LTV of 85% is less than or equal to Guideline LTV of 85% - Due Diligence Vendor-03/10/2025 |
XXXX | XX | Investment | Purchase | NA | 3500068 | N/A | N/A | |||
| XXXX | XXXX | 2007423 | Closed | 2025-02-28 17:18 | 2025-03-12 15:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. - Buyer-03/10/2025 Open-Hazard Insurance Policy Partially Provided Insurance binder does not include policy number - Due Diligence Vendor-02/28/2025 |
Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/12/2025 |
XXXX | XX | Investment | Purchase | NA | 3502726 | N/A | N/A | ||||
| XXXX | XXXX | 2007423 | Closed | 2025-02-28 17:26 | 2025-03-05 17:23 | Resolved | 1 - Information | C | A | Credit | Credit | Guarantor Recourse Doc is missing. | Resolved-Document received, data updated. - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. - Seller-03/03/2025 Open-Guaranty document is present but does not support loan amount as noted. - Due Diligence Vendor-02/28/2025 |
Ready for Review-Document Uploaded. - Seller-03/03/2025 |
Resolved-Document received, data updated. - Due Diligence Vendor-03/05/2025 |
XXXX | XX | Investment | Purchase | NA | 3502877 | N/A | N/A | |||
| XXXX | XXXX | 2007423 | Closed | 2025-02-28 17:13 | 2025-03-05 17:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Document received, data acknowledged. - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. see attached- borrower owns primary res -f/c - Buyer-03/03/2025 Open-Loan does not conform to program guidelines Borrower does not own primary residence. Please address GL requirement - Due Diligence Vendor-02/28/2025 |
Resolved-Document received, data acknowledged. - Due Diligence Vendor-03/05/2025 |
XXXX | XX | Investment | Purchase | NA | 3502660 | N/A | N/A | ||||
| XXXX | XXXX | 2007423 | Closed | 2025-02-28 17:02 | 2025-03-05 17:19 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Seller Contribution Exceeds Program Maximum | Waived-Seller contributions >2% actual 3% - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. - Buyer-03/03/2025 Open-property seller and/or interested parties contribution > 2% - Due Diligence Vendor-02/28/2025 |
Waived-Seller contributions >2% actual 3% - Due Diligence Vendor-03/05/2025 |
XXXX | DSCR is 1.981. Minimum required per guidelines is 1. Borrower(s) have 65.82 months Reserves. Minimum required per guidelines is 6 months. |
XX | Investment | Purchase | NA | 3502581 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1995587 | Closed | 2025-03-17 18:38 | 2025-03-19 14:25 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'N/A') - Due Diligence Vendor-03/19/2025 Ready for Review-Document Uploaded. - Buyer-03/17/2025 Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'N/A' - Due Diligence Vendor-03/17/2025 |
Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'N/A') - Due Diligence Vendor-03/19/2025 |
XXXX | XX | Investment | Purchase | NA | 3628826 | N/A | N/A | ||||
| XXXX | XXXX | 1995587 | Closed | 2025-03-13 06:59 | 2025-03-19 14:25 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Escrow Waiver is Missing | Resolved-Clarification received on escrow waiver not being required on loan, finding resolved - Due Diligence Vendor-03/19/2025 Ready for Review- There will not be an escrow waiver if there is an escrow account disclosure. Taxes are escrowed. - Buyer-03/17/2025 Open-Hazard insurance is not in Escrow account, however Escrow waiver is missing for Hazard Insurance. - Due Diligence Vendor-03/13/2025 |
Resolved-Clarification received on escrow waiver not being required on loan, finding resolved - Due Diligence Vendor-03/19/2025 |
XX | Investment | Purchase | NA | 3599131 | N/A | N/A | |||||
| XXXX | XXXX | 1995587 | Closed | 2025-03-13 07:01 | 2025-03-19 09:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Required Document Provided, Changes Made in system, Finding Resolved. - Due Diligence Vendor-03/19/2025 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/19/2025 Ready for Review-Document Uploaded. - Buyer-03/18/2025 Open-Housing History Does Not Meet Guideline Requirements Required minimum 12 months housing history. Primary mortgage history months review showing 2. - Due Diligence Vendor-03/13/2025 |
Resolved-Required Document Provided, Changes Made in system, Finding Resolved. - Due Diligence Vendor-03/19/2025 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/19/2025 |
XXXX | XX | Investment | Purchase | NA | 3599140 | N/A | N/A | ||||
| XXXX | XXXX | 1995599 | Closed | 2025-03-18 21:12 | 2025-03-24 13:54 | Acknowledged | 2 - Non-Material | C | B | Credit | Credit | If the Guarantor is married spouse must approve | Acknowledged-Per counsel, this is ok to proceed as a B grade. - Due Diligence Vendor-03/24/2025 Open-Please provide spousal consent. This is a state requirement and not dependent on the loan type, please let us know if you have clarification - Due Diligence Vendor-03/18/2025 |
Acknowledged-Per counsel, this is ok to proceed as a B grade. - Due Diligence Vendor-03/24/2025 |
XX | Investment | Purchase | NA | 3641373 | Originator Post-Close | No | |||||
| XXXX | XXXX | 1995588 | Closed | 2025-03-19 09:28 | 2025-03-21 12:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of XXXX month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-03/21/2025 Resolved-ALTA statement of secured funds provided. Resolved - Due Diligence Vendor-03/21/2025 Ready for Review-Document Uploaded. - Buyer-03/20/2025 Open-Net Proceeds for sale $XXXX no proof provided to meet minimum reserves 3 months. Need supporting doc for Net Proceeds. - Due Diligence Vendor-03/19/2025 |
Resolved-Audited Reserves of 23.92 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-03/21/2025 Resolved-ALTA statement of secured funds provided. Resolved - Due Diligence Vendor-03/21/2025 |
XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3643861 | N/A | N/A | ||||
| XXXX | XXXX | 2007428 | Closed | 2025-03-21 08:10 | 2025-03-28 18:39 | Acknowledged | 2 - Non-Material | C | B | Credit | Credit | If the Guarantor is married spouse must approve | Acknowledged-Per upper management this is a B grade condition. Finding has been acknowledged as B grade. - Due Diligence Vendor-03/28/2025 Ready for Review-Not required- vested in LLC - (per Alex and Tunc) - Buyer-03/26/2025 Open-Spousal consent missing from file - Due Diligence Vendor-03/21/2025 |
Acknowledged-Per upper management this is a B grade condition. Finding has been acknowledged as B grade. - Due Diligence Vendor-03/28/2025 |
XX | Investment | Purchase | NA | 3665186 | Originator Post-Close | No | |||||
| XXXX | XXXX | 2007428 | Closed | 2025-03-21 08:13 | 2025-03-25 20:17 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Excessive Seller Contributions | Waived-Exception made for using 3% max seller credit instead of 2% - Due Diligence Vendor-03/21/2025 | Waived-Exception made for using 3% max seller credit instead of 2% - Due Diligence Vendor-03/21/2025 |
1. DSCR is 1.253. Minimum required per guidelines is 1. 2. No late payments ever on credit for any of the borrowers. |
XX | Investment | Purchase | NA | 3665194 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 1996200 | Closed | 2025-03-21 01:59 | 2025-03-28 14:46 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-Document received, data acknowledged - Due Diligence Vendor-03/28/2025 Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. - Buyer-03/26/2025 Open-Asset 4 Does Not Meet Guideline Requirements Please provide net sale proceeds. - Due Diligence Vendor-03/21/2025 |
Resolved-Document received, data acknowledged - Due Diligence Vendor-03/28/2025 Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-03/28/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3664361 | N/A | N/A | ||||
| XXXX | XXXX | 1996200 | Closed | 2025-03-25 16:24 | 2025-03-28 14:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Purchase Contract is Missing | Resolved-Purchase Contract Doc is not Missing, or is Not Applicable. - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. - Buyer-03/26/2025 Open-Loan Purpose is Purchase but Purchase Contract Doc is Missing Please provide purchase contract - Due Diligence Vendor-03/25/2025 |
Resolved-Purchase Contract Doc is not Missing, or is Not Applicable. - Due Diligence Vendor-03/28/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3690057 | N/A | N/A | ||||
| XXXX | XXXX | 1996199 | Closed | 2025-03-24 08:14 | 2025-03-31 18:26 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception made for no VOR/ housing history - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. - Buyer-03/26/2025 Open-Housing History Does Not Meet Guideline Requirements Missing VOR for previous primary residence - Due Diligence Vendor-03/24/2025 |
Waived-Exception made for no VOR/ housing history - Due Diligence Vendor-03/31/2025 |
XXXX | Employment 5+ years, Per file 6.08 years - Verified Residual Income is $XXXX. Minimum Residual Income required per guidelines is $3500. |
XX | Primary Residence | Purchase | NA | 3676591 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 1996199 | Closed | 2025-03-24 08:12 | 2025-03-28 16:47 | Acknowledged | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Anti-Steering Disclosure | Acknowledged-Client acknowledges missing anti-steering disclosure - Due Diligence Vendor-03/28/2025 Ready for Review-XXXX acknowledges missing disclosure - Buyer-03/26/2025 Open-Broker fee is marked as paid by lender, this requires an Anti-Steering Disclosure, however same missing in file. - Due Diligence Vendor-03/24/2025 |
Acknowledged-Client acknowledges missing anti-steering disclosure - Due Diligence Vendor-03/28/2025 |
XX | Primary Residence | Purchase | NA | 3676588 | Investor Post-Close | No | |||||
| XXXX | XXXX | 2007424 | Closed | 2025-03-26 01:40 | 2025-03-31 05:17 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Loan approval document shows Documentation as 12 months bank statements. - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. - Buyer-03/28/2025 Open- Borrower qualifying with 12 months bank statements, Loan approval document showing as 24 months business bank statements. - Due Diligence Vendor-03/26/2025 |
Resolved-Updated Loan approval document shows Documentation as 12 months bank statements. - Due Diligence Vendor-03/31/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3694408 | N/A | N/A | ||||
| XXXX | XXXX | 2007435 | Closed | 2025-03-25 05:02 | 2025-04-04 14:23 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. - Seller-03/28/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount Subject Property Located in CA State missing Coverage amount in Title Need supporting doc for Coverage amount to meet loan amount. - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. - Seller-03/28/2025 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/31/2025 |
XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3685610 | N/A | N/A | |||
| XXXX | XXXX | 2007435 | Closed | 2025-03-25 05:59 | 2025-04-04 14:15 | Resolved | 1 - Information | C | A | Credit | Credit | Hazard Insurance coverage does not include Business Interruption / Rent-Loss Coverage | Resolved-Document received, data updated. - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. - Buyer-04/02/2025 Counter-Please upload once more as it is failing to load on our side. - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. - Seller-03/31/2025 Open-Rent Loss Coverage amount missing in Hazard Insurance doc on page # XXXX. But loan have mail conversation on Page # XXXX regarding Rent loss amount. Need supporting doc for Rent Loss amount as loan is Investment. - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. - Seller-03/31/2025 |
Resolved-Document received, data updated. - Due Diligence Vendor-04/04/2025 |
XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3685773 | N/A | N/A | |||
| XXXX | XXXX | 2007435 | Closed | 2025-03-27 16:48 | 2025-04-02 16:51 | Resolved | 1 - Information | B | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) PUBLIC ASSISTANCE AREA (3) | Resolved-Document received, data acknowledged. - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. - Buyer-03/31/2025 Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared 01/08/2025 with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-03/27/2025 |
Resolved-Document received, data acknowledged. - Due Diligence Vendor-04/02/2025 |
XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3710644 | N/A | N/A | ||||
| XXXX | XXXX | 2007435 | Closed | 2025-03-25 05:50 | 2025-03-31 10:23 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Requested Bank Statements provided for rent receipts hence resolved. - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. - Buyer-03/28/2025 Open-Loan does not conform to program guidelines Please confirm 2 most recent bank statements showing consecutive rental payments. Unable to determine if deposits made on statements are from renter (page XXXX). - Due Diligence Vendor-03/25/2025 |
Resolved-Requested Bank Statements provided for rent receipts hence resolved. - Due Diligence Vendor-03/31/2025 |
XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3685748 | N/A | N/A | ||||
| XXXX | XXXX | 2007435 | Closed | 2025-03-25 05:50 | 2025-03-31 10:20 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR Does Not Meet Guideline Requirements | Resolved-Requested Originator DSCR Calculation provided from 1008 hence resolved. - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. - Buyer-03/28/2025 Open-DSCR does not meet the minimum requirement of 1.0. Actual DSCR 0.998%. - Due Diligence Vendor-03/25/2025 Open- - Due Diligence Vendor-03/25/2025 |
Resolved-Requested Originator DSCR Calculation provided from 1008 hence resolved. - Due Diligence Vendor-03/31/2025 |
XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3685747 | N/A | N/A | ||||
| XXXX | XXXX | 2007435 | Closed | 2025-03-27 21:57 | 2025-03-27 22:02 | Acknowledged | 2 - Non-Material | B | B | Credit | Credit | If the Guarantor is married spouse must approve | Acknowledged-Spousal consent state: missing form in file. 1003 indicate the borrower is married. Per internal decision ok to proceed as B grade. - Due Diligence Vendor-03/27/2025 | Acknowledged-Spousal consent state: missing form in file. 1003 indicate the borrower is married. Per internal decision ok to proceed as B grade. - Due Diligence Vendor-03/27/2025 |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3714565 | Originator Post-Close | No | |||||
| XXXX | XXXX | 2000685 | Closed | 2025-03-27 21:39 | 2025-04-01 20:06 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Exception made for property being rural - Due Diligence Vendor-04/01/2025 Ready for Review-Loan was reviewed at time the loan was underwritten. No additional documentation is required. Multiple compensating factors: Employment 5+ yrs Residual Income > $3500 Fico > 20 pts or more than minimum - Buyer-03/28/2025 Open-Loan does not conform to program guidelines Property is rural, loan program allows rural on a case by case basic, no review in file - Due Diligence Vendor-03/27/2025 |
Waived-Exception made for property being rural - Due Diligence Vendor-04/01/2025 |
Self-employed in same business for 7+ years Residual Income is $XXXX. Minimum Residual Income required per guidelines is $3500. Credit Score is 806. Minimum required per guidelines is 640. |
XX | Primary Residence | Purchase | NA | 3714491 | Originator Post-Close | Yes | ||||
| XXXX | XXXX | 2000688 | Closed | 2025-03-27 18:21 | 2025-03-31 20:28 | Acknowledged | 2 - Non-Material | C | B | Credit | Credit | If the Guarantor is married spouse must approve | Acknowledged-This is lowered to B grade and acknowledged per counsel's decision. - Due Diligence Vendor-03/31/2025 Ready for Review-This is a refinance of an investment; Spouse is not required to sign off for property type and transaction in this state - Buyer-03/27/2025 Open-Missing spousal consent - Due Diligence Vendor-03/27/2025 |
Acknowledged-This is lowered to B grade and acknowledged per counsel's decision. - Due Diligence Vendor-03/31/2025 |
XX | Investment | Refinance | Cash Out - Other | 3711955 | Originator Post-Close | No | |||||
| XXXX | XXXX | 2000688 | Closed | 2025-03-25 11:41 | 2025-03-31 18:15 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Exception made for rural property on an investment - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. - Buyer-03/27/2025 Open-Loan does not conform to program guidelines Loan is for a rural on an investment property -investment properties will be reviewed on a case by case basis if the home has less than 2 acres in lot size, missing case by case review - Due Diligence Vendor-03/25/2025 |
Waived-Exception made for rural property on an investment - Due Diligence Vendor-03/31/2025 |
XXXX | DSCR is 1.141. Minimum required per guidelines is 1. Borrower(s) have 25.48 months Reserves. Minimum required per guidelines is 3 months. LTV is 59.78%. Maximum allowed per guidelines is 75%. |
XX | Investment | Refinance | Cash Out - Other | 3686884 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 2000688 | Closed | 2025-03-27 17:50 | 2025-03-27 17:50 | Waived | 2 - Non-Material | B | B | Credit | Guidelines | Subject property was listed for sale within a time period not allowed per guidelines | Waived-Exception made for property was listed for sale within the past 3 months - Due Diligence Vendor-03/27/2025 | Waived-Exception made for property was listed for sale within the past 3 months - Due Diligence Vendor-03/27/2025 |
DSCR is 1.14. Minimum required per guidelines is 1. Borrower(s) have 25.48 months Reserves. Minimum required per guidelines is 12 months. |
XX | Investment | Refinance | Cash Out - Other | 3711545 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 2000686 | Closed | 2025-03-27 21:23 | 2025-03-27 21:23 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Exception made for vesting closing in a trust - Due Diligence Vendor-03/27/2025 | Waived-Loan does not conform to program guidelines Exception made for vesting closing in a trust - Due Diligence Vendor-03/27/2025 |
1. DSCR is 1.181. Minimum required per guidelines is 1. 2. No derogatory credit history. 3. Borrower(s) have 432.87 months Reserves. Minimum required per guidelines is 3 months. 4. LTV is 65%. Maximum allowed per guidelines is 85%. |
XX | Investment | Purchase | NA | 3714410 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 2000686 | Closed | 2025-03-25 16:05 | 2025-03-27 21:18 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Housing History Does Not Meet Guideline Requirements Exception made for DSCR loan with borrower living rent free - Due Diligence Vendor-03/25/2025 | Waived-Housing History Does Not Meet Guideline Requirements Exception made for DSCR loan with borrower living rent free - Due Diligence Vendor-03/25/2025 |
1. DSCR is 1.181. Minimum required per guidelines is 1. 2. No derogatory credit history |
XX | Investment | Purchase | NA | 3689918 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 2000691 | Closed | 2025-03-29 16:35 | 2025-04-02 19:54 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-document received - Due Diligence Vendor-04/02/2025 Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. There will not be 2 months -new account open see statement- funds deposited from HELOC - Buyer-03/31/2025 Open-Please provide most recent 2 months’ account statements for asset 2 - Due Diligence Vendor-03/29/2025 |
Resolved-document received - Due Diligence Vendor-04/02/2025 Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-04/02/2025 |
XXXX | XX | Investment | Purchase | NA | 3725859 | N/A | N/A | ||||
| XXXX | XXXX | 2000691 | Closed | 2025-03-29 16:58 | 2025-04-02 19:51 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Initial 1003 is Missing | Resolved-The Initial 1003 is Present - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. - Buyer-03/31/2025 Open-Please provide initial 1003 - Due Diligence Vendor-03/29/2025 |
Resolved-The Initial 1003 is Present - Due Diligence Vendor-04/02/2025 |
XXXX | XX | Investment | Purchase | NA | 3725913 | N/A | N/A | ||||
| XXXX | XXXX | 2000692 | Closed | 2025-03-29 17:41 | 2025-04-02 17:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Factor acknowledged. - Due Diligence Vendor-04/02/2025 Ready for Review-UW advised using 50% exp factor since no business expenses are coming out of the accounts provided. - Buyer-03/31/2025 Open-Business narrative is present but does not support expense factor as noted on income worksheet - Due Diligence Vendor-03/29/2025 |
Resolved-Factor acknowledged. - Due Diligence Vendor-04/02/2025 |
XX | Primary Residence | Refinance | Cash Out - Other | 3725958 | N/A | N/A | |||||
| XXXX | XXXX | 2000692 | Closed | 2025-03-27 04:56 | 2025-04-01 10:53 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Loan Approval provided. Resolved - Due Diligence Vendor-04/01/2025 Ready for Review-Document Uploaded. - Buyer-03/31/2025 Open-Lender approval doc is on Page # XXXX shows Document type 12 months Business Bank statements but income Qualifying with > 12 months bank statements as income calculation appears to be using a portion of XXXX. Please advise - Due Diligence Vendor-03/29/2025 |
Resolved-Updated Loan Approval provided. Resolved - Due Diligence Vendor-04/01/2025 |
XXXX | XX | Primary Residence | Refinance | Cash Out - Other | 3705316 | N/A | N/A | ||||
| XXXX | XXXX | 2000689 | Closed | 2025-03-31 14:39 | 2025-04-02 20:04 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Short Term Rental / ADU - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. - Buyer-03/31/2025 Open-Loan does not conform to program guidelines DSCR calculated using short term rental income from ADU. - Due Diligence Vendor-03/31/2025 |
Waived-Short Term Rental / ADU - Due Diligence Vendor-04/02/2025 |
XXXX | DSCR is 1.549. Minimum required per guidelines is 1. Credit Score is 767. Minimum required per guidelines is 680. |
XX | Investment | Refinance | Cash Out - Other | 3730067 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 2007417 | Closed | 2025-03-28 04:45 | 2025-04-03 14:45 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-DSCR/ Does not own primary - Due Diligence Vendor-04/03/2025 Ready for Review-Document Uploaded. - Buyer-04/01/2025 Open-Housing History Does Not Meet Guideline Requirements DSCR - borrower does not own primary residence and is not renting for the foreseeable future. Borrower's primary residence lease ends XXXX. Please advise - Due Diligence Vendor-03/28/2025 |
Waived-DSCR/ Does not own primary - Due Diligence Vendor-04/03/2025 |
XXXX | DSCR is 1.355. Minimum required per guidelines is 1. Borrower(s) have 41.73 months Reserves. Minimum required per guidelines is 9 months. Credit Score is 778. Minimum required per guidelines is 680. |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3715504 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 2007417 | Closed | 2025-03-31 19:42 | 2025-04-03 14:32 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-Document received, data acknowledged. - Due Diligence Vendor-04/03/2025 Ready for Review-Document Uploaded. - Buyer-04/01/2025 Open-Please provide Business Entity EIN document. - Due Diligence Vendor-03/31/2025 |
Resolved-Document received, data acknowledged. - Due Diligence Vendor-04/03/2025 |
XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | 3734323 | N/A | N/A | ||||
| XXXX | XXXX | 2007415 | Closed | 2025-03-28 13:55 | 2025-04-11 10:31 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX provided. Resolved - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. - Buyer-04/10/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount - Due Diligence Vendor-03/28/2025 |
Resolved-Title Coverage Amount of $XXXX provided. Resolved - Due Diligence Vendor-04/11/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3718201 | N/A | N/A | ||||
| XXXX | XXXX | 2007415 | Closed | 2025-03-28 16:36 | 2025-04-07 14:43 | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: Closing Cost Detail fee(s) not disclosed in the proper section based on ability to shop | Resolved-Received PCCD with updated fees, finding resolved - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. - Buyer-04/03/2025 Open-XXXX and XXXX fee is paid to a provider that’s not on providers list, but the fee is still in section B, move the XXXX and XXXX fee to section C. - Due Diligence Vendor-03/28/2025 |
Resolved-Received PCCD with updated fees, finding resolved - Due Diligence Vendor-04/07/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3720693 | N/A | N/A | ||||
| XXXX | XXXX | 2007426 | Closed | 2025-04-02 20:58 | 2025-04-07 14:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Title Document is Provided And Complete - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. - Buyer-04/03/2025 Open-Title Document is Incomplete Vesting missing in just borrowers name and trust - Due Diligence Vendor-04/02/2025 |
Resolved-Title Document is Provided And Complete - Due Diligence Vendor-04/07/2025 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3756680 | N/A | N/A | ||||
| XXXX | XXXX | 2007426 | Closed | 2025-04-02 20:55 | 2025-04-07 14:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Trust Agreement | Resolved-Receive Trust documentation, finding resolved - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. - Buyer-04/03/2025 Open-Trust missing from file - Due Diligence Vendor-04/02/2025 |
Resolved-Receive Trust documentation, finding resolved - Due Diligence Vendor-04/07/2025 |
XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 3756649 | N/A | N/A | ||||
| XXXX | XXXX | 2007433 | Closed | 2025-04-04 19:52 | 2025-04-08 22:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Documents received - Due Diligence Vendor-04/08/2025 Resolved-Validation Resolved' - Due Diligence Vendor-04/08/2025 Ready for Review-Document Uploaded. its full reconveyance for the mortgage in file used to support free and clear along with a clear hoi clause showing no mortgagee. - Buyer-04/07/2025 Open-Please provide housing history/property report for primary residence - Due Diligence Vendor-04/04/2025 |
Resolved-Documents received - Due Diligence Vendor-04/08/2025 Resolved-Validation Resolved' - Due Diligence Vendor-04/08/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3788572 | N/A | N/A | ||||
| XXXX | XXXX | 2007433 | Closed | 2025-04-03 15:20 | 2025-04-08 10:18 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/08/2025 Resolved-Title Coverage Amount of $XXXXis equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-04/08/2025 Ready for Review-Document Uploaded. - Buyer-04/07/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount - Due Diligence Vendor-04/03/2025 |
Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/08/2025 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-04/08/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3773567 | N/A | N/A | ||||
| XXXX | XXXX | 2007434 | Closed | 2025-04-04 16:46 | 2025-04-07 22:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Document received - Due Diligence Vendor-04/07/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. - Buyer-04/04/2025 Open-Borrower 1 Gap Credit Report is Missing Please provide GAP. One report in file dated XXXX - Due Diligence Vendor-04/04/2025 |
Resolved-Document received - Due Diligence Vendor-04/07/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-04/07/2025 |
XXXX | XX | Primary Residence | Purchase | NA | 3785883 | N/A | N/A | ||||
| XXXX | XXXX | 2007421 | Closed | 2025-04-04 12:49 | 2025-04-08 10:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/08/2025 Resolved-Evidence of Property Tax is present - Due Diligence Vendor-04/08/2025 Ready for Review-Document Uploaded. - Buyer-04/07/2025 Ready for Review-We have reviewed the title, page XXXX and the taxes are $XXXX and $XXXX for both both installments - that does equal12 months payments at $XXXX - Buyer-04/07/2025 Open-Missing Evidence of Property Tax No Tax provided in file but Title doc shows Tax amount and not matching with Final HUD Need supporting doc for Tax doc matching with HUD Doc. - Due Diligence Vendor-04/04/2025 |
Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/08/2025 Resolved-Evidence of Property Tax is present - Due Diligence Vendor-04/08/2025 |
XXXX | XX | Investment | Purchase | NA | 3782375 | N/A | N/A | ||||
| XXXX | XXXX | 2007420 | Closed | 2025-04-09 15:15 | 2025-04-09 15:15 | Waived | 2 - Non-Material | B | B | Credit | Guidelines | Subject property was listed for sale within a time period not allowed per guidelines | Waived-Exception made for property being listed for sale less than 3 months ago - Due Diligence Vendor-04/09/2025 | Waived-Exception made for property being listed for sale less than 3 months ago - Due Diligence Vendor-04/09/2025 |
LTV is 48.82%. Maximum allowed per guidelines is 75%. Residual Income is $XXXX. Minimum Residual Income required per guidelines is $3500. |
XX | Primary Residence | Refinance | Cash Out - Other | 3817524 | Originator Pre-Close | Yes |