Cross 2025-H5 Mortgage Trust ABS-15G
Exhibit 99.1 - Schedule 3
Exception Grades
Run Date - 6/5/2025 3:46:59 PM
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| 222063745 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] businessdays prior to consummation for appraisal dated [Redacted]. | Reviewer Comment (2024-09-24): Received appraisal delivery receipt dated [Redacted], Exception Cleared Buyer Comment (2024-09-23): appraisal [Redacted] and proof of delivery |
09/24/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 222063745 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] businessdays prior to consummation for appraisal dated [Redacted]. | Reviewer Comment (2024-09-24): Received appraisal delivery receipt dated [Redacted], Exception Cleared Buyer Comment (2024-09-23): appraisal [Redacted] and proof of delivery |
09/24/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 222063745 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2025-05-12): Property Inspection Report received. Details verified and updated. Exception cleared. Buyer Comment (2025-05-09): PDI Reviewer Comment (2024-11-26): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [Redacted] Disaster End Date: [Redacted] Disaster Name: [Redacted] Disaster Declaration Date: [Redacted] Reviewer Comment (2024-09-27): Exception remains. provided Inspection Report is dated [Redacted] and the disaster end date is [Redacted]. Still need Property Inspection report dated after Disaster end date. Buyer Comment (2024-09-26): disaster inspection Reviewer Comment (2024-09-24): Used appraisal and provided appraisal date are same , Provide recent inspection report . Exception remains Buyer Comment (2024-09-23): Please review and waived cond. Appraisal dated [Redacted] uploaded. Thank you! |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 222063745 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Reviewer Comment (2024-09-23): 4506-C received and updated exception cleared Buyer Comment (2024-09-23): 4506C |
09/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 222193115 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | Secondary valuation required for securitization missing | Reviewer Comment (2024-10-25): CDA received and verified. Exception cleared. Buyer Comment (2024-10-24): CDA |
10/25/2024 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Primary | Purchase | D | A | A | A | A | A | D | A | Non QM | Non QM | No | |||||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | File is missing the Initial [Redacted] Rate Lock as required by the client's guidance. | Reviewer Comment (2024-12-13): Received required documentation. Condition cleared. Buyer Comment (2024-12-11): Lock |
12/13/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | [Redacted] due to DTI exceeds max allowed. Lender did not include P&I from REO's located on [Redacted] and [Redacted]. | Reviewer Comment (2025-04-25): Lender restructured income Condition cleared. Buyer Comment (2025-04-23): Income updates and explanation Reviewer Comment (2025-04-15): Once the leases are received, this exception can be addressed. Buyer Comment (2025-04-11): Please see exception approval docs uploaded re: DTI over [Redacted]%. Reviewer Comment (2025-02-12): Lender exception denied. 1003 reflects a number of properties pending sale and the two properties you want to remove are listed as retained. We are not comfortable removing these from the DTI. Buyer Comment (2025-02-10): Exception |
04/25/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [Redacted]% Method | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify Real Estate Owned income ([Redacted] Method) using reasonably reliable third-party records. | [Redacted] due to DTI exceeds max allowed. Lender did not include P&I from REO's located on [Redacted] and [Redacted]. | Reviewer Comment (2025-04-25): Lender restructured income Condition cleared Buyer Comment (2025-04-23): Income updates and explanation Reviewer Comment (2025-04-15): This exception is addressing the missing lease for this property. [Redacted] is unable to clear this condition at this time. Buyer Comment (2025-04-11): Please see exception approval docs uploaded re: DTI over [Redacted]%. Reviewer Comment (2025-02-12): Lender exception denied. 1003 reflects a number of properties pending sale and the two properties you want to remove are listed as retained. We are not comfortable removing these from the DTI. Buyer Comment (2025-02-10): Exception |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [Redacted]% Method | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify Real Estate Owned income ([Redacted] Method) using reasonably reliable third-party records. | [Redacted] due to DTI exceeds max allowed. Lender did not include P&I from REO's located on [Redacted] and [Redacted]. | Reviewer Comment (2025-04-25): Lender restructured income Condition cleared Buyer Comment (2025-04-23): Income updates and explanation Reviewer Comment (2025-04-15): This exception is addressing the missing lease for this property. [Redacted] is unable to clear this condition at this time. Buyer Comment (2025-04-11): Please see exception approval docs uploaded re: DTI over [Redacted]%. Reviewer Comment (2025-02-12): Lender exception denied. 1003 reflects a number of properties pending sale and the two properties you want to remove are listed as retained. We are not comfortable removing these from the DTI. Buyer Comment (2025-02-10): Exception |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | [Redacted] due to DTI exceeds max allowed. Lender did not include P&I from REO's located on [Redacted] and [Redacted]. | Reviewer Comment (2025-04-25): Lender restructured income Condition cleared |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank [Redacted]): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. | [Redacted] due to DTI exceeds max allowed. Lender did not include P&I from REO's located on [Redacted] and [Redacted]. | Reviewer Comment (2025-02-11): Client elects to waive. Buyer Comment (2025-02-10): Exception |
02/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease agreements are missing in the file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this [Redacted] transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The representative FICO score is above [Redacted]. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Borrower has been employed in the same industry for more than [Redacted] years. Actual Reserves: $[Redacted] Required Reserves: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Decision System: LP / LPA Representative FICO: [Redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-02-12): Client elects to waive with comp factors. Reviewer Comment (2025-02-12): Lender Exception, post closing, provided to allow exclusion of [Redacted] REO property PITIA from the DTI as they have been sold post closing. DTI is [Redacted] with property exclusion; DTI is [Redacted] prior to exclusion. Comp factors are FICO [Redacted] points or more above requirement, Reserves [Redacted] months more than requirement, Residual income $[Redacted] more than requirement. Lender Approval provided. Buyer Comment (2025-02-10): Exception |
02/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Lender did not include P&I from REO's located on [Redacted] and [Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this [Redacted] transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The representative FICO score is above [Redacted]. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Borrower has been employed in the same industry for more than [Redacted] years. Actual Reserves: $[Redacted] Required Reserves: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Decision System: LP / LPA Representative FICO: [Redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-02-12): Client elects to waive with comp factors. Reviewer Comment (2025-02-12): Lender Exception, post closing, provided to allow exclusion of [Redacted] REO property PITIA from the DTI as they have been sold post closing. DTI is [Redacted]with property exclusion; DTI is [Redacted] prior to exclusion. Comp factors are FICO [Redacted] points or more above requirement, Reserves [Redacted] months more than requirement, Residual income $[Redacted] more than requirement. Lender Approval provided. Buyer Comment (2025-02-10): Exception |
02/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | A post-disaster inspection is required to verify no damage to the subject property. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC | Reviewer Comment (2025-02-10): Client elects to waive with inspection prior to end date. Reviewer Comment (2025-02-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [Redacted] Disaster End Date: [Redacted] Disaster Name: [Redacted] Disaster Declaration Date: [Redacted] Buyer Comment (2025-02-10): Inspection |
02/10/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 222261885 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted] ([Redacted]) ([Redacted]) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this [Redacted] transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The representative FICO score is above [Redacted]. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Borrower has been employed in the same industry for more than [Redacted] years. Actual Reserves: $[Redacted] Required Reserves: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Decision System: LP / LPA Representative FICO: [Redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-15): Client elects to waive with compensating factors. Buyer Comment (2025-04-11): Approval email for Exception request re: DTI over [Redacted]% Buyer Comment (2025-04-11): Exception request form - DTI over [Redacted]% Buyer Comment (2025-04-11): Email from [Redacted] confirming ATR Risk and EV2 with approval of exception for DTI over [Redacted]%. Buyer Comment (2025-04-11): Email from [Redacted]- suggestion for exception re: DTI over [Redacted] since prior exception for removal of REO properties was denied. |
04/15/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 222631091 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | No evidence in file showing borrower received copy of appraisal. | Reviewer Comment (2025-01-17): Exception Cleared; Proof of Appraisal delivery document is received. Buyer Comment (2025-01-16): the attached document provided in the initial file on d[Redacted] shows the appraisal was sent to the borrower on [Redacted], loan closed on [Redacted], please review and waive. Reviewer Comment (2025-01-14): Appraisal delivery was requested on [Redacted] but the date of deliver was missing on file. Exception remains. Buyer Comment (2025-01-13): appraisal receipt is on [Redacted], loan closed [Redacted], appraisal sent to bwr [Redacted] |
01/17/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 222631091 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within [Redacted] ([Redacted]) business days of application or determination of first lien status. | Right to Receive a Copy of appraisal disclosure signed [Redacted]; application date is [Redacted]. | Reviewer Comment (2025-01-14): Application date updated correctly. Exception cleared. Buyer Comment (2025-01-13): Disclosure sent [Redacted] and application date per disclosure tracking was [Redacted] (LE also sent [Redacted]) please see application on [Redacted]. |
01/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 222631091 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | [Redacted] months statements for asset verification not provided in file. | Reviewer Comment (2025-01-14): Account statement received & associated. Exception cleared. Buyer Comment (2025-01-13): Please waive cond, sufficient documentation provided in initial file. We have two months bank statements for the [Redacted] which was the only account used for closing and reflected on DU. These are the [Redacted] and [Redacted] statements. Loan funded [Redacted] they are within [Redacted] days. The other account mentioned #[Redacted] was provided only to show where funds came from to pay off a debt and were not considered in funds to close. |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 222661428 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Appraisal was made subject to and 442 not provided in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Update appraisal provided. Buyer Comment (2025-01-08): All appraisals have been supplied to you. Please waive condition as you are in receipt of all documentation. The most recent revised appraisal was generated once this condition came to fruition, to remove the re-inspect requirement to satisfy your condition. Reviewer Comment (2025-01-07): Provided appraisal has report date after note date. Require appraisal dated prior to the note date. Exception remains. Buyer Comment (2025-01-07): Revised Appraisal Buyer Comment (2025-01-06): Contractor's Report Buyer Comment (2025-01-06): 1004D waived |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | B | B | A | A | C | A | N/A | Exempt from ATR | No | |||||||
| 222661428 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC | Reviewer Comment (2024-12-30): Client elects to waive with compensating factors. |
12/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | B | B | A | A | C | A | N/A | Exempt from ATR | No | ||||||||
| 222681393 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing | Reviewer Comment (2025-01-10): Received business purpose certificate. Exception cleared. Buyer Comment (2025-01-09): cert upld |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222681393 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | A Certificate of Good Standing dated within [Redacted] days of the Note dated [Redacted] is missing. | Reviewer Comment (2025-01-22): Received required documentation. Condition cleared. Buyer Comment (2025-01-17): cert upld Reviewer Comment (2025-01-14): Kindly provide Good Standing dated within [Redacted]days of the Note dated [Redacted]. Exception remains. Buyer Comment (2025-01-13): please cancel cond, this is an investor cash flow [Redacted] loan and there is no income or business entity to obtain a good standing cert for. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222732638 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Available funds insufficient for closing. | Reviewer Comment (2025-04-17): Lender exception approval provided. This exception is cleared. Buyer Comment (2025-04-15): Please see [Redacted] pg [Redacted], the check cleared, and we are using the $[Redacted] balance as reserves. Reviewer Comment (2025-04-14): Received a cashiers check for $[Redacted], however this appears to be a portion of the funds to close as they were provided on the day of closing. Additional assets would be required to cover the total funds needed for closing. Buyer Comment (2025-04-10): Please see attached wire receipt of funds sent directly to Title. Reviewer Comment (2025-04-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Documented qualifying Assets for Closing of $[Redacted] is less than Cash From Borrower $[Redacted]. Reviewer Comment (2025-04-10): Unable to clear funds to close shortage. Verified assets for closing of $[Redacted] is less than required from borrower of $[Redacted]. Received lender exception request for [Redacted] months reserves instead of [Redacted] month requirment however calculated/verified reserves is [Redacted] months. Buyer Comment (2025-04-08): Please clear condition as exception request/approval provided. Buyer Comment (2025-04-08): Please see attached exception request and approval for reserve requirement. Reviewer Comment (2025-03-20): Unable to clear the exception without final resolution. Exception remains until the lender exception is received for reserves. Buyer Comment (2025-03-18): Please clear, as the exception will not be requested until we have confirmed sufficient cash to close has been accepted. This conditions is for the Cash to Close, as the other condition on the file is for reserves. Once should be cleared, while the other is outstanding due to an exception being needed. Reviewer Comment (2025-03-18): This will be addressed once the lender exception is received for reserves. Reviewer Comment (2025-03-18): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Documented qualifying Assets for Closing of $[Redacted] is less than Cash From Borrower $[Redacted]. Buyer Comment (2025-03-14): Please clear the condition, the customer had sufficient funds for closing, and is short reserves. We are requesting an exception for the reserves. Reviewer Comment (2025-03-14): Received bank statement for the Accounts [Redacted]verify total assets of $[Redacted] which are insufficient to cover the funds for closing of $[Redacted]. Exception Remains. Buyer Comment (2025-03-13): Cashiers Check Buyer Comment (2025-03-13): Please see the transaction history, the balance at time of closing was $[Redacted], with $[Redacted] being withdrawn for cash to close. Including cashiers check to confirm these funds were used for closing. Reviewer Comment (2025-02-14): Received bank statement for borrower however require [Redacted] consecutive months statement. Exception Remains. Buyer Comment (2025-02-13): Assets |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222732638 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Additional [Redacted] month consecutive bank statement is missing.. | Reviewer Comment (2025-01-21): No new document received. [Redacted] months bank statement was provided with initial package. Updated asset screen. Exception cleared. Buyer Comment (2025-01-17): Please see [Redacted] pg [Redacted] and [Redacted] pg [Redacted] for statement covering [Redacted] |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| 222732638 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The signature line on the loan documents does not reflect the name of the borrowing entity. | Reviewer Comment (2025-01-31): Received note and Note Addendum - Prepayment Penalty with borrowing business entity. Exception cleared. Buyer Comment (2025-01-30): Corrected Reviewer Comment (2025-01-21): No new document received. Provide Note and Note Addendum - Prepayment with the name of borrowing business entity on the signature line. Exception remains. Buyer Comment (2025-01-20): Please clarify which documentation needs to be re-executed, and your requirements to cure. |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222732638 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. | Reviewer Comment (2025-04-17): Lender exception approval provided. This exception is cleared. Buyer Comment (2025-04-15): Please see [Redacted] pg [Redacted], the check cleared, and we are using the $[Redacted] balance as reserves. Reviewer Comment (2025-04-14): Received a cashiers check for $[Redacted], however this appears to be a portion of the funds to close as they were provided on the day of closing. Additional assets would be required to cover the total funds needed for closing/reserves. Buyer Comment (2025-04-11): Please see wire receipt of funds sent directly to Title provided yesterday Reviewer Comment (2025-04-10): Received lender exception request for [Redacted] months reserves instead of [Redacted] month requirment however calculated/verified reserves is [Redacted] months. Buyer Comment (2025-04-08): Please see attached exception request and approval for reserve requirement. Reviewer Comment (2025-02-14): Received bank statement for borrower however require [Redacted] consecutive months statement. Exception Remains. Buyer Comment (2025-02-13): Please see statements uploaded today |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222732638 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for insufficient funds for reserves. [Redacted] months reserves versus [Redacted] months. Customer owns primary residence free and clear. Exception was approved due to substantial equity in the borrower's primary. Unable to downgrade and waive due to insufficient compensating factors. The only comp factor available to [Redacted] is: Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying [Redacted] on the loan is greater than the guideline minimum. |
The [Redacted] of [Redacted] is greater than the minimum required [Redacted] of [Redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2025-04-24): Client elects to waive with compensating factors. Buyer Comment (2025-04-22): Please note comp factors are as follows: 1.) FICO [Redacted] points above the minimum of [Redacted] at [Redacted] 2.) Long term home ownership over [Redacted] years for [Redacted] owned since [Redacted] 3.) Applicant owns [Redacted] additional properties free and clear: [Redacted] and [Redacted] Please clear condition. Buyer Comment (2025-04-22): Property profile |
04/24/2025 | 2 | B | B | B | B | B | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 222801672 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception was requested to use business funds for reserves and cash to close. Borrower is [Redacted] owner with his father and requesting to use [Redacted]% of the balance to qualify. Cash Flow analysis was completed. Also borrower was not able to obtain CPA letter. Borrower owns several properties with good housing payment history and [Redacted] is over [Redacted]. Borrower recently purchased a property and per appraisal remodeling was complete. borrower was unable to provide a full paper trail of rent rent income receipt, since it was paid in cash. bank statement was provided reflecting deposit of $[Redacted] on [Redacted] along with handwritten receipt, there is a difference of $[Redacted] additional that was deposited. Borrower owns several properties with good housing payment history and [Redacted] is over [Redacted]. Borrower recently purchased a property and per appraisal remodeling was complete. | The qualifying [Redacted] on the loan is greater than the guideline minimum. Miscellaneous |
The [Redacted] of [Redacted]is greater than the minimum required [Redacted] of [Redacted]. Long term homeownership > [Redacted] years. |
Aggregator,SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2025-04-24): Client elects to waive with comp factors. Reviewer Comment (2025-02-06): Lender Exception with Compensating Factors. |
04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||
| 222921804 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | 1007 Rent Comparison Schedule is not provided. | Reviewer Comment (2025-02-28): Rental income is not required, B2 has no income and liability ([Redacted]) is excluded as less than [Redacted] months. Exception Cleared. Buyer Comment (2025-02-27): The condition is invalid, we are not using rental income for qualification. Please cancel this condition. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 222921804 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Required Hazard Insurance policy with sufficient replacement cost. The Replacement Cost Estimate provided does not reflect a property address. | Reviewer Comment (2025-05-08): Received required documentation. Condition cleared. Buyer Comment (2025-05-08): see attached Reviewer Comment (2025-05-08): Reviewed all trailing documents, however no documentation reflecting an increase in coverage or and updated RCE was located. Buyer Comment (2025-05-06): See attached Buyer Comment (2025-05-06): Please see attached Reviewer Comment (2025-03-21): The guides say to follow FNMA. Because the [Redacted]% of the replacement cost is less than the loan amount, the loan amount is the required coverage per FNMA and you are still short $[Redacted]. Reviewer Comment (2025-03-19): Exception remains. Received revised Hazard Insurance Policy which is still insufficient with short fall of $[Redacted] to cover [Redacted]% of replacement cost estimate. Buyer Comment (2025-03-18): see attached Buyer Comment (2025-03-18): Please see attached Reviewer Comment (2025-03-13): The provided RCE does not indicate the property address & both the documents have different estimates. The hazard insurance indicates coverage of $[Redacted]& $[Redacted]i.e. $[Redacted] which does not cover the loan amount. Confirm the replacement cost amount and provide supporting insurance document which either covers the loan amount or the rebuild cost of the property. Condition remains. Buyer Comment (2025-03-12): attached Buyer Comment (2025-03-12): Please see attached Reviewer Comment (2025-02-28): Provided replacement cost estimator is already available in the file, it does not cover the dwelling amount. Hazard insurance coverage amount is still insufficient. Exception Remains. Buyer Comment (2025-02-27): see attached Buyer Comment (2025-02-27): Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 222958438 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy for LTV. | Reviewer Comment (2025-04-25): Value updated per sales addendum Buyer Comment (2025-04-24): Addendum Reviewer Comment (2025-04-10): Good morning, per purchase contract sales price is $[Redacted]. Please provide sales addendum or supporting documentation for reduced purchase price. Buyer Comment (2025-04-08): Please recalculate your LTV. Sales price $[Redacted]/ Appraised value $[Redacted]. Using lower of the two values Ln Amt $[Redacted]/ sp $[Redacted]= [Redacted]% which would align with [Redacted] LTV |
04/25/2025 | 1 | A | A | A | A | A | MI | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 222958438 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy for [Redacted]. | Reviewer Comment (2025-04-28): Additional explanation was provided from lender. Tax updated. Buyer Comment (2025-04-28): Rebuttal Buyer Comment (2025-04-22): Recalled Buyer Comment (2025-04-21): Please review both the tax cert AND the prelim title report. BOTH show ONLY a summer tax and a winter tax. The tax cert shows the current TOTAL tax is %[Redacted] yr or $[Redacted] mo. Please recalculate the PITI as it should only be $[Redacted]. Reviewer Comment (2025-04-14): Reviewed lenders comments and 1003. The tax certification from the title company reflects there are city and county taxes on this property ([Redacted]). County taxes are $[Redacted] and City taxes are $[Redacted] per year. Condition remains. Buyer Comment (2025-04-10): Please see prior comment above. We did include the $[Redacted] in the tax calculation. Per the tax cert $[Redacted] (summer) + $[Redacted] (winter) - $[Redacted] per year or $[Redacted] per month. Total PITI is $[Redacted] and rent is $[Redacted] so [Redacted] is [Redacted] ([Redacted]). Please see the Lender URLA of the 1003 for the breakdown of the subject property PITI as described. Buyer Comment (2025-04-10): Lender URLA Reviewer Comment (2025-04-10): Per Title company tax cert there are city and county taxes. It appears lender is not including city taxes $[Redacted]/yr. Buyer Comment (2025-04-08): Please recalculate your [Redacted]. PITI for the subject property is only $[Redacted]. P&I $[Redacted] HOI $[Redacted]($[Redacted]/yr) Taxes $[Redacted]($[Redacted]+ $[Redacted]= $[Redacted]/yr). Lease in file shows $[Redacted]/mo. but used only FMR per appraisal of $[Redacted]- [Redacted] should be [Redacted] |
04/28/2025 | 1 | A | A | A | A | A | MI | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 222981453 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. [Redacted] | Reviewer Comment (2025-03-21): CDA Appraisal document received, and Information updated. Exception Cleared. Buyer Comment (2025-03-20): CDA Reviewer Comment (2025-03-12): Exception Remains - On the loan CU score is more than [Redacted]. Provide the [redcated] or Consolidated Analytics [Redacted] or [Redacted] supporting value. Buyer Comment (2025-03-11): the condition for a secondary appraisal is not valid. We only need one full appraisal per guides for this loan amount. Please push back |
03/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CT | Primary | Refinance - Rate/Term | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| 222981453 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | [Redacted] Violation With Sufficient Cure Provided At Closing | [Redacted] Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redacted] exceeds tolerance of[Redacted] Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as [Redacted] on Loan Estimate but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-03-05): Sufficient Cure Provided At Closing |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Rate/Term | Final CD evidences Cure | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | |||||||||
| 222981453 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | [Redacted] Violation With Sufficient Cure Provided At Closing | [Redacted] Integrated Disclosure:[Redacted] Fee Tolerance exceeded for Title - Ab[Redacted]act / Title Search. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Title - Ab[Redacted]act / Title Search was last disclosed as [Redacted] on Loan Estimate but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-03-05): Sufficient Cure Provided At Closing |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Rate/Term | Final CD evidences Cure | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | |||||||||
| 222986492 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Flood insurance coverage amount is insufficient. | Flood Insurance Coverage Amount is insufficient by $[Redacted]. | Reviewer Comment (2025-04-10): received lender attestation from insurance provider. Condition cleared. Buyer Comment (2025-04-08): Lender Attestation Reviewer Comment (2025-03-31): Unable to clear. The policy provided does not reflect either [Redacted]% of the replacement cost value of the improvements, the maximum coverage amount available from [Redacted], or the unpaid principal balance of the loan. The [Redacted] Insurance Checklist is not located in the file. Buyer Comment (2025-03-27): Replacement cost estimator is not available in the state of [Redacted]. Reviewer Comment (2025-03-26): Exception Remains - Flood insurance coverage is insufficient by $[Redacted]. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Provided email does not contain required information. Buyer Comment (2025-03-25): Email - HOI/Flood Reviewer Comment (2025-03-14): Received document is not acceptable. Require document covering flood insurance shortfall of $[Redacted]. Exception remains Buyer Comment (2025-03-13): Flood Ins Calculator |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222986492 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $[Redacted] | Reviewer Comment (2025-04-10): received lender attestation from insurance provider. Condition cleared. Buyer Comment (2025-04-08): Lender Attestation Reviewer Comment (2025-03-31): Unable to clear. The policy does not reflect the lesser of [Redacted]% of the replacement cost value of the improvements or the unpaid principal balance of the loan, provided it equals no less than [Redacted] % of the replacement cost value of the improvements. The [Redacted] Insurance checklist is not located in the file. Buyer Comment (2025-03-27): Replacement cost estimator is not available in the state of [Redacted]. Insurance agent confirmed Replacement cost coverage endorsement. Guide: Determine Replacement Cost • If the policy does not provide for [Redacted]% guaranteed replacement, the replacement cost must be documented with one of the following: o Statement from the insurer o Replacement Cost Estimator (RCE) o An Insurance Risk Appraisal • If the property is located in a state that prohibits insurance companies from providing an RCE, such as [Redacted] and [Redacted], sufficient hazard insurance coverage can be based on an endorsement on the policy that signals coverage of at least the replacement cost, such as: o Replacement Cost o [Redacted]% Replacement Cost o Guaranteed Replacement Cost Reviewer Comment (2025-03-26): Exception Remains - HOI coverage is insufficient by $[Redacted]. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Provided email does not contain required information. Buyer Comment (2025-03-25): Email - HOI/Flood uploaded Reviewer Comment (2025-03-14): Replacement cost estimator not received. Exception Remains. Buyer Comment (2025-03-13): Checklist of coverage [Redacted] |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222986492 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-03-14): Received OFAC search result for borrowing business entity. Exception cleared. Buyer Comment (2025-03-13): Loan Participants |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222986492 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted] Variance. | Reviewer Comment (2025-05-09): Condition cleared. Buyer Comment (2025-05-07): Please clear. we have updated on our end to match $[Redacted]. Reviewer Comment (2025-04-29): The market rents per the appraisal are $[Redacted] /month which is being used. Buyer Comment (2025-04-25): Please update and utilize market rents of $[Redacted] [Redacted] to be [Redacted]. Thank you. |
05/09/2025 | 1 | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223009115 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception at origination for using [Redacted] with occupancy of [Redacted]% less than the [Redacted]% required and Market Score of [Redacted] with comps factors FICO [Redacted] and reserves [Redacted] months. Lender exception was approved with Max [Redacted]% LTV, Min [Redacted] [Redacted], Subject to appear providing 1007 with regular market rents, Min [Redacted] year [Redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-03-13): Preapproved exception |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223009115 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy for [Redacted]. | Reviewer Comment (2025-04-03): Updated rental per rebuttal and is supported by [Redacted]. Condition cleared Buyer Comment (2025-04-01): Please update rental income to $[Redacted]; exception in file. |
04/03/2025 | 1 | A | A | A | A | A | VA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||||||||
| 223014128 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-27): Document provided Reviewer Comment (2025-03-18): E-Sign Consent Agreement received and associated. Exception Cleared. Buyer Comment (2025-03-17): eConsent |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223018107 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Reviewer Comment (2025-04-29): Received Form 1004D/442 with photograph of water heater double strapped. Exception cleared. Buyer Comment (2025-04-28): Please see attached Reviewer Comment (2025-03-21): If you can get appraiser to correct to as-is we will be good. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | B | B | B | A | C | A | Non QM | Non QM | No | |||||||||||
| 223018107 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt | Reviewer Comment (2025-03-25): Exception Cleared; Proof of Appraisal delivery document is received. Buyer Comment (2025-03-21): Please see attached |
03/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | C | B | B | B | B | A | C | A | Non QM | Non QM | No | ||||||||||
| 223018107 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Lender exception request 1: The borrower is requesting an exception to allow title record our mortgage in first position and allow solar lien to be included on Schedule [Redacted] exception without a subordination. The Borrower is in the middle of disputing and has requesting to remove the solar panels from the property but the installer and finance company won't comply. Lender exception was approved document borrower reserves=/>$[Redacted] ( URLA/1003 indicates over $[Redacted] in personal assets), Final Title Policy must include appropriate endorsement insuring subject loan's first lien position despite Solar equipment [Redacted] and Notice of energy Producer Contract being recorded against subject property. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-03-17): Client elects to waive with compensating factors. |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | B | B | B | A | C | A | Non QM | Non QM | No | ||||||||
| 223018107 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request: The Borrower is requesting an exception to allow a past due installment account with a balance of $[Redacted] to remain without paying the debt off. The borrower is in the middle is disputing and has requested to remove the solar panels from the property but the installer finance company won't comply. Lender exception was approved document borrower reserves=/>$[Redacted] ( URLA/1003 indicates over $[Redacted] in personal assets), Final Title Policy must include appropriate endorsement insuring subject loan's first lien position despite Solar equipment [Redacted] and Notice of energy Producer Contract being recorded against subject property. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-03-17): Client elects to waive with compensating factors. |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | B | B | B | A | C | A | Non QM | Non QM | No | ||||||||
| 223038903 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to allow occupancy rating of [Redacted]% and Market Score of [Redacted] on [Redacted] rentalizer report where guidelines state minimum of [Redacted]. Compensating factors of FICO, Minimal consumer debt and [Redacted] [Redacted] or greater. Conditions of approval include [Redacted] year [Redacted], max LTV of [Redacted]%, minimum [Redacted] [Redacted] [Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by [Redacted]. |
FICO [Redacted] points or more above requirement [Redacted] [Redacted]or greater |
SitusAMC,Aggregator SitusAMC SitusAMC Aggregator |
Reviewer Comment (2025-03-19): Lender granted exception approval with compensating factors in loan file. |
03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223038903 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to allow [Redacted]% CLTV ratio with guideline maximum of [Redacted]%. Compensating factors of FICO, Minimal consumer debt and [Redacted] [Redacted] or greater. Conditions of approval include [Redacted] year[Redacted], max LTV of [Redacted]%, minimum [Redacted] [Redacted] [Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by [Redacted]. |
FICO [Redacted] points or more above requirement [Redacted] [Redacted]or greater |
SitusAMC,Aggregator SitusAMC SitusAMC Aggregator |
Reviewer Comment (2025-03-19): Lender granted exception approval with compensating factors in loan file. |
03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223068893 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-05-02): Condition cleared. Buyer Comment (2025-04-30): Rounding error - [Redacted] rounds to [Redacted] ([Redacted]) and [Redacted] to [Redacted] ([Redacted])- please clear. |
05/02/2025 | 1 | A | A | A | A | A | OH | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223076490 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Property is held in an [Redacted] land trust and the borrowers would like to keep it that way. [Redacted] Land Trusts are common in [Redacted]. Lender exception was approved with nad Trust to meet all requirement as outlined on the attachment, Minimum [Redacted] year [Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-03-25): Client elects to down grade and waive using compensating factors: Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Reserves: [Redacted] Guideline Requirement: [Redacted] |
03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223076490 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted] | Reviewer Comment (2025-04-24): Cleared. Corrected P&I. Buyer Comment (2025-04-22): Please refer to the internal guides (page [Redacted]) which allows us to qualify an IO loan using the IO payment at note rate. The matrix, on page [Redacted] (which would be subordinate to the internal guide), adds stipulations for a fico above [Redacted] and LTV of [Redacted] % or less. We meet this criteria under both examples. Please correct you PITI to align the [Redacted]. Thank you. Buyer Comment (2025-04-22): revise Buyer Comment (2025-04-21): Please advise. Credit exception was already provided [Redacted] and [Redacted]. |
04/24/2025 | 1 | A | A | A | A | A | IL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||||||||
| 223078919 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-04-01): OFAC provided , Exception cleared Buyer Comment (2025-03-31): OFAC |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| 223078919 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: [Redacted] | Provided appraisal report with effective date [Redacted] is more than [Redacted] days prior to note date. | Reviewer Comment (2025-04-10): Received 1025 with effective date of [Redacted]. Exception cleared. Buyer Comment (2025-04-09): Please review again. [Redacted] is the date of signature(When it was corrected) The effective date is [Redacted]. The other conditions was cleared. Reviewer Comment (2025-04-08): Received updated appraisal report dated [Redacted] with effective date of [Redacted]. Provide evidence that the corrected appraisal was received by the borrower. Exception remains. Buyer Comment (2025-04-07): Date corrected on appraisal. Was an error on the date. |
04/10/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| 223078919 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The Appraisal is dated more than [Redacted] months prior to the note date. | Provided secondary appraisal report with effective date [Redacted] is more than [Redacted] month prior to note date. | Reviewer Comment (2025-04-09): Received corrected 1025 with effective date [Redacted]. Exception cleared. Buyer Comment (2025-04-07): See upload |
04/09/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| 223078919 | [Redacted] | [Redacted] | XXXX | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Provided secondary appraisal report with effective date [Redacted] is more than [Redacted] months prior to note date and it is not matching with effective date of primary appraisal. | Reviewer Comment (2025-04-17): Received Collateral Desk Review with effective date of [Redacted]. Exception cleared. Buyer Comment (2025-04-16): CDA effective date updated |
04/17/2025 | 1 | A | A | A | A | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| 223078919 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted] Variance. | Reviewer Comment (2025-04-29): Updated information. [Redacted] is now at [Redacted]%. Buyer Comment (2025-04-25): Please update and utilize all market rents $[Redacted][Redacted] to be [Redacted] |
04/29/2025 | 1 | A | A | A | A | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| 223089572 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for LTV | Reviewer Comment (2025-05-04): Cleared. Per client, agreed that value is $[Redacted]. Buyer Comment (2025-05-01): Please waive. Agreeing with [Redacted] value. Reviewer Comment (2025-04-25): The appraisal and CDA both indicate the value as $[Redacted]. Please provide the supporting evidence for the lower value. Not located in the file. Buyer Comment (2025-04-24): Requesting to use appraised value of [Redacted] not the desk review value. Reviewer Comment (2025-04-24): The appraisal value and desk review reflect $[Redacted] instead of $[Redacted] appraised value as noted on the 1008. Buyer Comment (2025-04-22): Please update LTV to [Redacted] |
05/04/2025 | 1 | A | A | A | A | A | FL | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223114177 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business purpose certificate is missing in file. | Reviewer Comment (2025-04-01): Received Non-QM Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-03-31): Business Purpose Cert |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223114177 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for LTV | Reviewer Comment (2025-04-24): Updated sales price to $[Redacted]. LTV is [Redacted]% Buyer Comment (2025-04-23): please review for LTV Buyer Comment (2025-04-22): contract addendum |
04/24/2025 | 1 | A | A | A | A | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223114177 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted] | Reviewer Comment (2025-04-24): Cleared. Corrected tax payment to quarterly instead of annual. Buyer Comment (2025-04-22): Please check the PITI you used for the subject property. P&I was correct but the taxes and insurance seem off. Per the tax cert, there are quarterly payments of $[Redacted]x [Redacted] = $[Redacted]/ [Redacted]= $[Redacted]. Per the HOI statement, the policy amount is $[Redacted]/ [Redacted]= $[Redacted]- Total PITI $[Redacted]. |
04/24/2025 | 1 | A | A | A | A | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223116811 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Coverage amount of $[Redacted] on preliminary title is less than the note amount of $[Redacted]. | Reviewer Comment (2025-04-02): Updated title commitment provided with policy amount of $[Redacted]. Exception Cleared. Buyer Comment (2025-04-01): see updated title commitment with correct loan amount |
04/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223116811 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for cash-out refi on manufactured home at [Redacted]%. Transaction is approved but only at [Redacted]%. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted] % less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-28): Preapproved exception |
03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||
| 223116811 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure:[Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Transfer tax fee amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing |
03/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Investment | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | Yes | |||||||||
| 223116811 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for LTV. | Reviewer Comment (2025-04-24): Cleared per lender, value rounded up insignificant. Buyer Comment (2025-04-22): Value on client side adjusted to $[Redacted]- LTV still shows insignificant variance due to rounding [Redacted]vs [Redacted]- please clear. |
04/24/2025 | 1 | A | A | A | A | A | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223116838 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for FICO [Redacted] | Reviewer Comment (2025-04-29): Entered updated credit documentation. Condition cleared. Reviewer Comment (2025-04-29): There are [Redacted] credit reports in the file dated the same date. There is no time stamp as to which report is the most recent. [Redacted] went with the conservative side and input the lower ficos. Please provide evidence which report is the most recent report. Buyer Comment (2025-04-25): Please update FICO S/B [Redacted] |
04/29/2025 | 1 | A | A | A | A | A | CT | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223127713 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2025-04-03): Client elects to waive. Reviewer Comment (2025-04-01): Evidence reflect appraisal was sent to borrower [Redacted] and using mailbox rule was delivered [Redacted] which is not ([Redacted]) business days prior to consummation. Buyer Comment (2025-03-31): Appraisal delivery |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223127713 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for DTI. | Reviewer Comment (2025-04-29): Updated 1008 received, Exception Cleared. Buyer Comment (2025-04-25): See 1008 that aligns to [Redacted] Buyer Comment (2025-04-25): 1008 aligns Reviewer Comment (2025-04-25): Lender calculated DTI is [Redacted]% however due diligence findings show DTI [Redacted]%. Buyer Comment (2025-04-24): [Redacted] has aligned DTI with [Redacted] |
04/29/2025 | 1 | A | A | A | A | A | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223128486 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception at origination for non-warrantable condotel due to short reserves allocation. Unable to downgrade/waive. The lender approval requires a VOM for [Redacted] property supporting [Redacted] that is not located in the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-04): Client elects to waive with compensating factors. Buyer Comment (2025-04-03): Purchase CD , no mortgage on Sunset property |
04/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223128486 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223128486 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): Corrected docs Reviewer Comment (2025-04-03): Received final title policy. City name differs on Final title ([Redacted]) and Note ([Redacted]). Provide title policy with correct city name. Exception remains. Buyer Comment (2025-04-02): Title |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223128486 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requesting an exception on providing certificate of good standing from [Redacted] SOS due to borrower's Corporation being located in [Redacted]. Unable to downgrade/waive due to lender exception was approval requires VOM for [Redacted] property that is not located in the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-04): Client elects to waive with compensating factors. Buyer Comment (2025-04-03): CD, No mortgage on [Redacted] property |
04/04/2025 | 2 | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 223132214 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Asset statements provided must cover at least [Redacted] days on purchases | Reviewer Comment (2025-04-09): [Redacted] # [Redacted] has not been used for qualification as per updated 1003 . Exception cleared. Buyer Comment (2025-04-08): Please see attached, [Redacted] Bank has been removed from assets. Buyer Comment (2025-04-08): Please see attached, [Redacted] has been removed from assets. Reviewer Comment (2025-04-04): [Redacted] - Account Number #[Redacted] does not meet [Redacted] day requirement. Buyer Comment (2025-04-03): Please specify which account is not meeting the [Redacted] day requirement. |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223132214 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-28): Sufficient Cure Provided At Closing. |
03/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MT | Second Home | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223132214 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | Asset statements provided must cover at least [Redacted] days on purchases | Reviewer Comment (2025-04-09): [Redacted] # [Redacted] has not been used for qualification as per updated 1003 . Exception cleared. Buyer Comment (2025-04-08): Please see attached, [Redacted] Bank has been removed from assets. Reviewer Comment (2025-04-04): [Redacted] - Account Number #[Redacted] does not meet [Redacted] day requirement. Buyer Comment (2025-04-03): Please specify which account is not meeting the [Redacted] day requirement. |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223132214 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for DTI. | Reviewer Comment (2025-04-25): Corrected input. Confirmed dTI is now [Redacted]. Condition cleared. Buyer Comment (2025-04-23): Thank you for the response. Our variance is in the HELOC. There is a [Redacted]and [Redacted]on this file. [Redacted]has a payment of $[Redacted]and the seller carryback is $[redacted ]for a total of $[Redacted]? Please confirm. DTI [Redacted] Reviewer Comment (2025-04-22): Total PITIA calculated as follows: P&I $[Redacted]+ HELOC qualifying P&I $[Redacted]+ HOI $[Redacted]+ Property tax $[Redacted]= $[Redacted]. Buyer Comment (2025-04-21): Please explain/breakdown the PITI for the subject property [Redacted] home so we can try to align up. Thank you. |
04/25/2025 | 1 | A | A | A | A | A | MT | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223132214 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The lenders updated 1008 indicates a CLTV of [Redacted]%, however with the subordinate financing, the CLTV is at [Redacted]%. Guides are silent with regard to the maximum CLTV. Please provide an updated 1008 reflecting the correct CLTV. | Reviewer Comment (2025-04-25): Updated 1003 and 1008 provided with closed end linked to different REO Buyer Comment (2025-04-25): revised 1008 and 1003 Buyer Comment (2025-04-25): My apologies. The CLTV is [Redacted]% as the [Redacted] note is tied to[Redacted] and not the subject property. The $[Redacted]/mo payment is included in the Sch of RE for that property. The PITI for the subject property is $[Redacted]($[Redacted]+ $[Redacted][Redacted]+ $[Redacted]Ins = $[Redacted]taxes). Debt ratios should be [Redacted]/ [Redacted]. I have uploaded a revised 1008 and 1003. Sorry for the confusion. |
04/25/2025 | 1 | A | A | A | A | A | MT | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223165925 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted] | Reviewer Comment (2025-04-24): Cleared. Corrected taxes and insurance premium Buyer Comment (2025-04-22): Please review the PITI for the subject property. We have $[Redacted] for P&I but our T&I is higher. Taxes we show as $[Redacted] and insurance $[Redacted] for PITI of $[Redacted]. |
04/24/2025 | 1 | A | A | A | A | A | PA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223166129 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $[Redacted] | Reviewer Comment (2025-04-28): Received insurance policy with dwelling coverage $[Redacted] which is same as the loan amount. Exception cleared. Buyer Comment (2025-04-25): Corrected HOI and proof of payment Reviewer Comment (2025-04-16): Required Hazard Insurance policy at least cover loan amount for $[Redacted].Exception Remains. Buyer Comment (2025-04-15): Please confirm the amount of coverage required. We will not be able to get replacement cost so we will need to get the policy increased. If we have an appraised value of $[Redacted] with a land value of $[Redacted] then the cost would be $[Redacted] @ [Redacted]% = $[Redacted]. The loan amount is $[Redacted] so if we increase coverage to $[Redacted] would that be correct? |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223166258 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Non - QM Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-04-08): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-04-07): business purpose cert uploaded |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223166258 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted] | Reviewer Comment (2025-04-30): [Redacted] now in line with [Redacted]. Condition cleared. Buyer Comment (2025-04-28): [Redacted] is now aligned with [Redacted] [Redacted] .[Redacted] Reviewer Comment (2025-04-24): P&I $[Redacted]+ Tax $[Redacted]+ HOI $[Redacted]+ HOA $[Redacted]= $[Redacted]total PITIA. Buyer Comment (2025-04-22): Please provide a breakdown of the taxes, insurance and HOA that you used for the PITI so that we can try to align |
04/30/2025 | 1 | A | A | A | A | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223170842 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-29): Per lender guides, lease was not effective as of closing date. Market rents used. Buyer Comment (2025-04-25): Per the internal guide (page [Redacted]) the proposed lease should only be used if it will start within [Redacted]days of purchase, it may not exceed the [Redacted] AND there is proof of receipt of [Redacted]st months rent and/or security deposit due per the terms of the lease - we were not able to obtain and used [Redacted] of $[Redacted]/mo. |
04/29/2025 | 1 | A | A | A | A | A | FL | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223174022 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Asset statements provided must cover at least [Redacted] days of purchases. Provide [Redacted] more recent bank statement for the IRA account and [Redacted] account. | Reviewer Comment (2025-05-02): Received additional statement. Condition cleared. Buyer Comment (2025-04-30): Here is the [Redacted] statement Per original exception this is what was needed. Reviewer Comment (2025-04-10): [Redacted]k Accounts were considered for asset qualification as per asset qualifier worksheet. Guideline requires [Redacted] months of bank statements for asset qualification. Exception remains. Buyer Comment (2025-04-08): Rebuttal |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223174022 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial [Redacted] Rate Lock is missing in the file. | Reviewer Comment (2025-04-09): Exception Cleared, Rate lock document is received. Buyer Comment (2025-04-07): Rate Lock |
04/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223179421 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within [Redacted] days of the Note Date. | Reviewer Comment (2025-04-10): Received renewed hazard insurance policy with period from [Redacted]. Exception cleared. Buyer Comment (2025-04-09): HOI |
04/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| 223179421 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Note - Subject Lien executed copy reflecting Business entity and Individual is missing. | Reviewer Comment (2025-04-14): Received Executed copy of note in the file. Exception Cleared. Buyer Comment (2025-04-10): Note |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223179421 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for [Redacted] Cash out. Borrower has owned their [Redacted] for [Redacted] years. Borrower owns [Redacted] additional [Redacted]. There are no lates on credit. Cash out proceeds are the equivalent of [Redacted] months reserves. Exception requested to continue with a loan amount < $[Redacted]. Compensating factors are $[Redacted] minimum loan amount. Lender exception was approved with following conditions: Max [Redacted] LTV, Min [Redacted] [Redacted], min [Redacted] Year [Redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying [Redacted] on the loan is greater than the guideline minimum. |
Reserves: [Redacted] Guideline Requirement: [Redacted] The [Redacted] of [Redacted] is greater than the minimum required [Redacted] of [Redacted]%. |
Aggregator,SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2025-04-07): Client elects to down grade and waive using compensating factors: The [Redacted] of [Redacted] is greater than the minimum required [Redacted] of [Redacted]%. Reserves: [Redacted] Guideline Requirement: [Redacted] |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223180271 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Document to verify [Redacted] Status is missing. | Reviewer Comment (2025-04-24): Received ID. condition cleared. Buyer Comment (2025-04-22): [Redacted] Reviewer Comment (2025-04-11): Provide corrected 1003 showing borrower is [Redacted] Citizen. Exception remains. Buyer Comment (2025-04-09): Please cancel, as borrower is [Redacted] Citizen. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223186104 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Reviewer Comment (2025-04-22): Received EIN for [Redacted] showing borrower is a sole owner. Exception cleared. Buyer Comment (2025-04-21): Sole owner of [Redacted], [Redacted]% access. Reviewer Comment (2025-04-16): Received access letter however require evidence of access to funds for account number [Redacted]. Exception remains. Buyer Comment (2025-04-14): Access letters |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 223186104 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requesting exception to Use gift funds from a non-relative. We are closing in an [Redacted]. His other member of the [Redacted], who will be signing the note and mortgage for the [Redacted], is giving the gift. He is not related. They are business partners. Borrower has owned his currently [Redacted] for [Redacted] months. Borrower as a [Redacted]-month mortgage and a [Redacted] Year credit history with a no lates ever. Assets: [Redacted], of which $[Redacted] is gift funds leaving $[Redacted], [Redacted] Months for reserves. borrower has over [Redacted]% and reserves of his own funds. Compensating Factors with FICO [Redacted] points or more above requirement, Reserves [Redacted]+ months more than requirement, Long Term Homeownership (> [Redacted] years) and Minimal Consumer Debt. Exception Conditions: Credit qualifying borrower must contribute at least [Redacted]% of purchase price, Gift funds may not be used to satisfy reserve requirements and All other Signature Expanded Criteria to be met. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): preapproved exception |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223186112 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | The Note is missing the [Redacted] period and the full P&I payment. Please provide the completed Note. | Reviewer Comment (2025-04-25): Received completed note in the file. Exception Cleared. Buyer Comment (2025-04-24): uploaded corrected signed notes Reviewer Comment (2025-04-14): In the provided Note ,Interest Only Start Date and Full P&I not provided. Exception Remains. Buyer Comment (2025-04-11): see uploaded cema docs |
04/25/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223186112 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security In[Redacted] document - Subject Lien not provided | Signed and dated Security In[Redacted] document with loan amount $[Redacted] is missing in file. | Reviewer Comment (2025-04-14): Received executed Security Instrument in the file. Exception Cleared. Buyer Comment (2025-04-11): see uploaded cema docs |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223186653 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | The note date is [Redacted] and the appraisal was sent to the borrower [Redacted]. Verification of when the appraisal was received by the borrower was not provided. | Reviewer Comment (2025-04-11): Client elects to waive. Reviewer Comment (2025-04-11): Provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation or waiver document with signature. Provided one appraisal receipt. Exception remains Buyer Comment (2025-04-09): appraisal delivery [Redacted] |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223186653 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for LTV. | Reviewer Comment (2025-04-30): [Redacted] in line with LTV. Condition cleared. Buyer Comment (2025-04-28): Please waive [Redacted] [Redacted] is accurate Reviewer Comment (2025-04-25): Lender is using a value of $[Redacted]per the 1008, however the source of this value was not located in the file. All indications in the file show the lowest value of $[Redacted]. Buyer Comment (2025-04-23): Please update LTV to [Redacted]% |
04/30/2025 | 1 | A | A | A | A | A | MA | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223193648 | [Redacted] | [Redacted] | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: [Redacted] | Secondary valuation does not support the appraised value. There's a greater than [Redacted]% difference in valuation. Please provide a field recon or higher valuation to clear | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Documentation Type: [Redacted] mo Bank Statement Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. Buyer Comment (2025-04-23): Desktop Review |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | A | B | A | A | C | A | Non QM | Non QM | No | ||||||||
| 223193648 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved Borrower currently owns their [Redacted] residence and [Redacted] investment property. Their departing is being converted into an investment property as well. DTI is low - no Rental income being used. Borrower meets credit requirements and has a good FICO-[Redacted]. The income is stable, established in [Redacted] and the business is a concrete business. We are requesting to use business funds when borrower owns [Redacted]% of the business. The other business partner is a cousin who will be giving a gift (from the same business account). We are obtaining gift letter for that. They are essentially gifting the their portion of the account. We are needing an exception use funds from borrower's portion since they own [Redacted]% | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Documentation Type: [Redacted] mo Bank Statement Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-14): Client elects to waive with compensating factors. Buyer Comment (2025-04-10): Please clarify what is needed for this? The exception approval is in the file [Redacted] |
04/14/2025 | 2 | B | B | B | B | B | NY | Primary | Purchase | C | B | A | B | A | A | C | A | Non QM | Non QM | No | |||||||||||||
| 223193648 | [Redacted] | [Redacted] | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: [Redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. |
04/25/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | C | B | A | B | A | A | C | A | Non QM | Non QM | No | ||||||||||||||||
| 223194709 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax was disclosed on initial Loan estimate as $[Redacted] but disclosed but final Closing Disclosure $[Redacted]. File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2025-04-29): [Redacted] Received Valid COC dated [Redacted]. Buyer Comment (2025-04-28): COC and LE Reviewer Comment (2025-04-25): [Redacted] received changed circumstance dated [Redacted], but a corresponding LE/CD was not provided. Please provide LE/CD for further analysis. Buyer Comment (2025-04-24): COC Reviewer Comment (2025-04-22): [Redacted] received COC dated [Redacted] stating rate lock extension which is not a valid reason. Kindly provide a valid reason as to why the transfer tax increase on CD dated [Redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-21): COC Reviewer Comment (2025-04-18): [Redacted] received LOX. However, the reason mentioned is not valid. Kindly provide a valid COC for the fee increased on CD dated [Redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-17): Email and correction Reviewer Comment (2025-04-15): [Redacted]received COC dated [Redacted] however the fee added on CD dated [Redacted]. Kindly provide a valid COC for the fee added or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-14): COC |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223194712 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $[Redacted] but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-30): [Redacted] received CD and COC dated [Redacted]. Buyer Comment (2025-04-28): CDs Reviewer Comment (2025-04-24): [Redacted] received COC dated [Redacted],[Redacted],[Redacted] & [Redacted]. In which the COC dated [Redacted] is stating loan amount increased which is inaccurate since there is no subsequent CD/LE in order to rebase line the COC. Kindly provide LE/CD within three days of the Change dated [Redacted].Since the fee increased on Final CD dated [Redacted] for $[Redacted] from $[Redacted].Kindly provide a valid COC for the fee increased on CD dated [Redacted] or provide cure docs.Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-23): Additional Explanation + COCs Reviewer Comment (2025-04-22): [Redacted] received COC dated [Redacted] however the fee again increased on CD dated [Redacted] for $[Redacted].Kindly provide a valid COC for the fee increased or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-21): [Redacted] CD ([Redacted] business days from [Redacted] COC) Reviewer Comment (2025-04-21): [Redacted] received Changed Circumstance dated [Redacted], however there is no LE/CD available in file within [Redacted] days of COC. Please provide any missing LE/CD sent within [Redacted] days of COC. Buyer Comment (2025-04-17): Loan amt lowered and then increased again, please see memo Reviewer Comment (2025-04-16): [Redacted] received LOE and COC dated [Redacted] for change in loan amount but, there is no LE/CD in file within [Redacted] business days from the date of change. Also. loan amount is $[Redacted] from initial LE to final CD. Please provide any missing disclosures and valid COC for increase in fee on CD dated [Redacted] from $[Redacted]to $[Redacted]or cure will be required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Buyer Comment (2025-04-15): TRID Memo |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223194714 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-04-10): Provided Articles of Organization of borrowing business entity. Exception cleared. Buyer Comment (2025-04-09): Cert of org |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223194714 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-04-10): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-04-09): Business Purpose |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223194714 | [Redacted] | [Redacted] | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Per appraisal report, property address is [Redacted] which is not matching with Note address of [Redacted]. | Reviewer Comment (2025-04-16): Received Appraisal with correct address. Exception Cleared. Buyer Comment (2025-04-15): Appraisal and [Redacted] |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223194714 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Per appraisal report, property address is [Redacted] which is not matching with Note address of [Redacted]. | Reviewer Comment (2025-04-24): Received attestation from insurer. Condition cleared. Buyer Comment (2025-04-22): email from HOI agent - The insurance company came back and said they are unable to update the HOI policy as they utilize qpublic for the address. They have [Redacted] listed on the HOI and the data does indicate it's a tri-plex. See link below: [Redacted] |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223194714 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-30): [Redacted] now in line with [Redacted]. Condition cleared. Buyer Comment (2025-04-28): Please waive. [Redacted] is accurate |
04/30/2025 | 1 | A | A | A | A | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223194714 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-20): Condition cleared. Buyer Comment (2025-05-19): Please clear [Redacted] has been updated previously |
05/20/2025 | 1 | A | A | A | A | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223195036 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification for [Redacted]. | Reviewer Comment (2025-04-15): Received evidence of hazard insurance premium. Exception cleared. Buyer Comment (2025-04-11): Hazard |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223195036 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification, Tax Verification for [Redacted]. | Reviewer Comment (2025-04-15): Received evidence of tax amount and the property is land only. Exception cleared. Buyer Comment (2025-04-11): Land only, no insurance required or in place |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223195036 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification. | Reviewer Comment (2025-04-15): Received evidence of hazard insurance premium. Exception cleared. Buyer Comment (2025-04-11): Hazard |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223195036 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification. | Reviewer Comment (2025-04-15): Received evidence of hazard insurance premium. Exception cleared. Buyer Comment (2025-04-11): Hazard |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223195036 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted]% tolerance was exceeded by $[Redacted] due to Credit Report Fee. Specific credit of $[Redacted] has been provided as cure at closing. | Reviewer Comment (2025-04-08): Sufficient Cure Provided At Closing |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223195228 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to use [Redacted] rents when [Redacted] has an occupancy rate of [Redacted]%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-09): Preapproved exception |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223195228 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-29): Updated input. Condition cleared. Buyer Comment (2025-04-25): Once updated, we should align with [Redacted] of [Redacted] Buyer Comment (2025-04-25): Please see the approved exception in file ([Redacted] & [Redacted]) to utilize the [Redacted](@ $[Redacted]/mo) instead of the appraiser's market rents ($[Redacted]/mo), which is what is reflected in the loan summary details. Thank you. |
04/29/2025 | 1 | A | A | A | A | A | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||||||||
| 223198111 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-29): Received Prepayment Addendum with correct prepayment period in the file. Exception Cleared. Buyer Comment (2025-04-25): Please review for [Redacted] alignment - *[Redacted] Note addendum showing [Redacted] mos is located in ship pkg ([Redacted]/ [Redacted]), per inv portal. Thank you. |
04/29/2025 | 1 | A | A | A | A | A | OR | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223198114 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rate Lock is missing in file. | Reviewer Comment (2025-04-21): Received Rate Lock in the file. Exception Cleared. Buyer Comment (2025-04-17): lock |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223198114 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-04-21): Received Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-04-18): business cert |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223198114 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject [Redacted]) discrepancy. | Per lender guides for [Redacted], No rent will be counted on vacant [Redacted] units on refinance transactions, Property was [Redacted] at the time of this cash out refinance. |
Reviewer Comment (2025-04-28): Cleared. Lender exception provided to use income from vacant unit in mixed use property. Max [Redacted]% utilized for vacant property. Buyer Comment (2025-04-24): Exception |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223198114 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided to allow [Redacted] below [Redacted] due to rental income from a vacant unit on mixed use property not allowed. Lender approval is for exception to allow the rents on the vacant commercial unit so that the [Redacted] will meet guideline requirements. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-28): Client elects to waive with compensating factors. |
04/28/2025 | 2 | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing in loan file. | Reviewer Comment (2025-04-14): E-sign consent agreement received and updated. Exception cleared. Buyer Comment (2025-04-14): E Consent |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Flodd insurance policy missing in loan file. | Reviewer Comment (2025-04-16): Flood Insurance Policy received, Exception Cleared. Buyer Comment (2025-04-15): Flood |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $ [Redacted] exceeds tolerance of $ [Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee increased to $[Redacted] without a valid change of circumstance, cure was provided. | Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA letter in file is not sufficient to meet guidelines as it does not confirm the borrower's percentage of ownership, does not confirm the length of self-employment and does not confirm that the business/borrower are active/or in good standing as required by guides. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Reviewer Comment (2025-05-21): Exception Remains - The received CPA email is post note date. Provide the CPA letter with required details prior to the note date. Buyer Comment (2025-05-21): CPA Email |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] finding due to the insufficient CPA letter, resulting in a loan designation discrepancy. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Reviewer Comment (2025-05-21): Exception Remains - The received CPA email is post note date. Provide the CPA letter with required details prior to the note date. Buyer Comment (2025-05-21): CPA Email uploaded |
05/23/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] finding due to the insufficient CPA letter. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Reviewer Comment (2025-05-21): Exception Remains - The received CPA email is post note date. Provide the CPA letter with required details prior to the note date. Buyer Comment (2025-05-21): CPA email uploaded |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA letter in file is not sufficient to meet guidelines as it does not confirm the borrower's percentage of ownership, does not confirm the length of self-employment and does not confirm that the business/borrower are active/or in good standing as required by guides. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Reviewer Comment (2025-05-21): Exception Remains - The received CPA email is post note date. Provide the CPA letter with required details prior to the note date. Buyer Comment (2025-05-21): CPA email uploaded |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223198131 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] finding due to the insufficient CPA letter. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Reviewer Comment (2025-05-21): Exception Remains - The received CPA email is post note date. Provide the CPA letter with required details prior to the note date. Buyer Comment (2025-05-21): CPA email uploaded |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223198146 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-29): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-28): Tracking history Reviewer Comment (2025-04-21): [Redacted] received PCCD, LOE, Refund Check and Proof of Mailing. [Redacted] tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure. Buyer Comment (2025-04-21): lox, PCCD, check, label |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223198146 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-29): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-28): see uploaded Reviewer Comment (2025-04-21): [Redacted] received PCCD, LOE, Refund Check and Proof of Mailing. [Redacted] tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure. Buyer Comment (2025-04-21): see uploaded Reviewer Comment (2025-04-13): [Redacted] received Changed Circumstance dated [Redacted], but it does not give sufficient information on why the transfer tax fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-04-10): coc & LE - there should not be a tolerance as it was redisclosed for [Redacted] |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223198146 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender exception in file for LTV to [Redacted]% with comp factors cited. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. |
Lender approved exception in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-04-10): Lender approved exception in file with comp factors cited. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| 223198146 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file allowing for use of cash out for reserves at ltv of [Redacted]%. Approved with comp factors of credit score and residual income. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. |
Lender approved exception in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-04-10): Lender approved exception in file with comp factors cited. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223198146 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file to allow for use of business bank statement income for borrower in addition to her wage income even though the primary income is not from the business. Exception approved with comp factors or residual and credit score. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. |
Lender approved exception in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-04-10): Lender approved exception in file with comp factors cited. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223198148 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Reviewer Comment (2025-05-06): [Redacted] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2025-05-05): RTC Docs Reviewer Comment (2025-04-30): [Redacted] received unexecuted RTC's, LOE to borrower and copy of [Redacted] shipping label. However, the [Redacted] tracking does not reflect that the package has been picked up. The Cancel by date on the RTC's reflects as [Redacted]. The [Redacted] tracking would need to have reflected that package was delivered at least [Redacted] business days prior to the cancel by date. If package was not yet picked up, then timing has not been met for the reopening of the rescission based on the provided RTC's. If proof of delivery can be provided [Redacted] business days prior to [Redacted], the RTC;s would be acceptable, otherwise, will need to provide proof of reopening of rescission to all consumers. Buyer Comment (2025-04-29): RTC Reviewer Comment (2025-04-22): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2025-04-21): Cure Docs Reviewer Comment (2025-04-17): [Redacted] reviewed lender's Mavent compliance report to [Redacted] calculations and appears the difference in the $[Redacted] underdisclosure is related to the Title-Tax Service fee of $[Redacted] along with the disclosed Finance Charge of $[Redacted] vs lender's mavent finance charge calculation of $[Redacted] difference of $[Redacted]. [Redacted] calculated finance charge at $[Redacted] . Unable to determine why final CD disclosed at $[Redacted] and Lender's Mavent disclosed at $[Redacted] for the $[Redacted] difference, but the Title-Tax Service fee was not included in lender calculation where it was in [Redacted]. While we acknowledge that a one-time up front tax determination used in the decisions to extend credit would be excluded from finance charge under [Redacted](c)([Redacted]), any portion of a charge for life of loan tax service is considered a finance charge. Without documentation evidencing which portion is for life of loan vs. one time upfront, the entire amount is included in finance charges for testing purposes pursuant to Comment [Redacted]([Redacted])(c)([Redacted])-[Redacted] which provides: For example, a fee for one or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge. Buyer Comment (2025-04-15): compliance testing, including the Tila Calculations. |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223198148 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Reviewer Comment (2025-05-06): [Redacted] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2025-05-05): See Uploads Reviewer Comment (2025-04-30): [Redacted] received unexecuted RTC's, LOE to borrower and copy of [Redacted] shipping label. However, the [Redacted] tracking does not reflect that the package has been picked up. The cancel by date on the RTC's reflects as [Redacted]. The [Redacted] tracking would need to have reflected that package was delivered at least [Redacted] business days prior to the cancel by date. If package was not yet picked up, then timing has not been met for the reopening of the rescission based on the provided RTC's. If proof of delivery can be provided [Redacted] business days prior to [Redacted], the RTC;s would be acceptable, otherwise, will need to provide proof of reopening of rescission to all consumers. Buyer Comment (2025-04-29): RTC Docs Reviewer Comment (2025-04-22): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2025-04-21): See upload Reviewer Comment (2025-04-17): [Redacted] reviewed lender's Mavent compliance report to [Redacted] calculations and appears the difference in the $[Redacted] underdisclosure is related to the Title-Tax Service fee of $[Redacted] along with the disclosed Finance Charge of $[Redacted] vs lender's mavent finance charge calculation of $[Redacted] difference of $[Redacted]. [Redacted] calculated finance charge at $[Redacted]. Unable to determine why final CD disclosed at $[Redacted] and Lender's Mavent disclosed at $[Redacted] for the $[Redacted] difference, but the Title-Tax Service fee was not included in lender calculation where it was in [Redacted]. While we acknowledge that a one-time up front tax determination used in the decisions to extend credit would be excluded from finance charge under [Redacted](c)([Redacted]), any portion of a charge for life of loan tax service is considered a finance charge. Without documentation evidencing which portion is for life of loan vs. one time upfront, the entire amount is included in finance charges for testing purposes pursuant to Comment [Redacted]([Redacted])(c)([Redacted])-[Redacted] which provides: For example, a fee for one or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge. Buyer Comment (2025-04-15): Please provide compliance testing, including the Tila Calculations. |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223198154 | [Redacted] | [Redacted] | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | CPA letter provided is not dated. Please provide a dated CPA letter. | Reviewer Comment (2025-04-24): Received dated CPA letter. Exception cleared. Buyer Comment (2025-04-22): CPA |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223198154 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | ATR failure due to insufficient income documentation. CPA letter provided is not dated. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-04-24): Received dated CPA letter. Exception cleared. Buyer Comment (2025-04-22): CPA uploaded |
04/24/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223198154 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. CPA letter provided is not dated. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-04-24): Received dated CPA letter. Exception cleared. Buyer Comment (2025-04-22): CPA uploaded |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223198998 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-04-16): Provided OFAC Search result for borrowing business entity. Exception cleared. Buyer Comment (2025-04-14): Loan Participants |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223198998 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-29): Condition cleared. Buyer Comment (2025-04-25): [Redacted] corrected HOA dues to $[Redacted] as per appraisal. [Redacted] now [Redacted] (rounded = [Redacted] ) to MATCH [Redacted]. |
04/29/2025 | 1 | A | A | A | A | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request is needed due to Section [Redacted]: The property was recently listed for sale , and was delisted on the same day as the application day-[Redacted]. Exception request is for the property not being delisted prior to application. Lender approved exception for properties recently listed for sale. Lender exception was approved with the following conditions: Max [Redacted]% LTV, Min [Redacted] [Redacted], Min [Redacted] year [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-11): Client elects to waive with comp factors. |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2025-04-15): Received Articles of Organization/Formation document. Verified and updated details. Exception Cleared. Buyer Comment (2025-04-15): Business docs |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The Certificate of Good Standing is not provided for the borrowing entity. | Reviewer Comment (2025-04-15): Received Certificate of Good Standing document. Verified and updated details. Exception Cleared. Buyer Comment (2025-04-15): Business docs |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2025-04-15): Received Corporate Resolution document. Verified and updated details. Exception Cleared. Buyer Comment (2025-04-15): Business docs |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2025-04-15): Received Employer Identification Number (EIN) document. Verified and updated details. Exception Cleared. Buyer Comment (2025-04-15): Business docs |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The operating agreement is not provided for the borrowing entity. | Reviewer Comment (2025-04-15): Received Operating Agreement for the borrowing entity. Verified and updated details. Exception Cleared. Buyer Comment (2025-04-15): Business docs |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [Redacted] rate lock is missing | Reviewer Comment (2025-04-15): Received rate lock document. Verified and updated details. Exception Cleared. Buyer Comment (2025-04-15): Lock forms |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223203664 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-29): Updated entry. Condition cleared. Buyer Comment (2025-04-25): Please review for alignment of [Redacted] [Redacted] - Per loan summary, [Redacted] using fully amortized ARM payment when guides state can qualify and calculate [Redacted] off I/O payment + [Redacted], which [Redacted] did. - **Per guides - "Interest Only Loans The loan should be qualified on the interest only payment at the note rate, plus all applicable taxes, insurance, common charges, etc. The [Redacted] would be equal to the rents divided by the "I"[Redacted]." |
04/29/2025 | 1 | A | A | A | A | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||||||||||
| 223212298 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good standing missing in loan file. | Reviewer Comment (2025-04-17): Certificate of good standing provided Exception cleared Buyer Comment (2025-04-17): Certificate |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223212298 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose certificate missing in loan file. | Reviewer Comment (2025-04-21): Received business purpose certificate. Exception cleared. Buyer Comment (2025-04-18): [Redacted] |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223212299 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-29): Updated input. Condition cleared. Buyer Comment (2025-04-25): Please review for alignment of [Redacted] @ [Redacted]- *There is PCCD in file from [Redacted] correcting the property taxes to the correct/lower amount based off of the tax cert in file (= $[Redacted] for [Redacted]). The PCCD documents can be found - D[Redacted] and LOX/Eml chain - [Redacted]. Thank you. |
04/29/2025 | 1 | A | A | A | A | A | PA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223212316 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-02): Received missing documents. Condition cleared. Buyer Comment (2025-04-30): It appears that you're missing some documentation from the shipping package. Please see the attached [Redacted] documents and update the subject rental income in order to align with a [Redacted] of [Redacted]. Thank you! Buyer Comment (2025-04-30): [Redacted] worksheet Buyer Comment (2025-04-30): [Redacted] report |
05/02/2025 | 1 | A | A | A | A | A | FL | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223212342 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage is short $[Redacted] provide policy reflecting sufficient coverage or replacement cost estimator. | Reviewer Comment (2025-04-17): Insurance company confirmation on replacement cost received. Buyer Comment (2025-04-16): Insurance covers [Redacted]% replacement cost |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223212342 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | UPDATE: Business assets are being used for funds to close/reserves. File requires either a CPA letter indicating the use of business funds will not affect the business operations or a recent[Redacted] month cash flow analysis. Neither was located in the file. | Reviewer Comment (2025-04-30): Cash flow analysis received. Buyer Comment (2025-04-29): Form |
04/30/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | [Redacted] property is a departing residence & the file is missing a letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale and an appraisal for the property. | Reviewer Comment (2025-04-18): Received required documentation.Condition cleared. Reviewer Comment (2025-04-17): Exception remains - a letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale. Buyer Comment (2025-04-16): Please find the uploaded MLS listing, appraisal and new [Redacted] HELOC/Bridge Loan documents for the borrower's [Redacted] residence. Buyer Comment (2025-04-16): Stringer - Departure - New [Redacted] HELOC-Bridge loan docs Buyer Comment (2025-04-16): Stringer - Departure - Appraisal Buyer Comment (2025-04-16): Stringer - Departure - [Redacted] listing |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] finding due to [Redacted] property is a departing residence & the file is missing a letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale and an appraisal for the property , resulting in a loan designation discrepancy. | Reviewer Comment (2025-04-18): Received required documentation. Condition cleared. Buyer Comment (2025-04-16): Please find the uploaded MLS listing, appraisal and new [Redacted] HELOC/Bridge Loan documents for the borrower's [Redacted] residence. |
04/18/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] finding due to [Redacted] property is a departing residence & the file is missing a letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale and an appraisal for the property | Reviewer Comment (2025-04-18): Received required documentation. Condition cleared. Buyer Comment (2025-04-16): Please find the uploaded MLS listing, appraisal and new [Redacted] HELOC/Bridge Loan documents for the borrower's [Redacted] residence. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted] ([Redacted]) ([Redacted]) of [Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | [Redacted] property is a departing residence & the file is missing a letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale and an appraisal for the property. | Reviewer Comment (2025-04-18): Received required documentation. Condition cleared. Buyer Comment (2025-04-16): Please find the uploaded MLS listing, appraisal and new [Redacted] HELOC/Bridge Loan documents for the borrower's [Redacted] residence. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted].00 exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | The Recording fee was previously disclosed to the borrower on the Loan estimate as $[Redacted] but it increased on the closing disclosure as $[Redacted]. No valid Change of Circumstance found in the file and the cure provided at closing was not sufficient to cure both tolerance issues. | Reviewer Comment (2025-04-28): Sufficient cure provided at closing Reviewer Comment (2025-04-23): [Redacted]: Cure provided at closing is insufficient to cure for the citing [Redacted]% exception and [Redacted]% exception. Credit Report Fee increase of $[Redacted]from [Redacted]exceeds tolerance of $[Redacted]. Hence, we also required additional cure of $[Redacted] with cure documents to reevaluate this exception. If the Credit report fee rounded on LE, please provide proof of evidence that the fee was rounded off on LE in order to reevaluate and to clear this exception. Buyer Comment (2025-04-22): The credit report tolerance variance totaled was $[Redacted], and the recording variance was $[Redacted]. This information was included in the body of the email as a courtesy to confirm that a cure was already provided on the Final CD. Please waive this suspense as its invalid. Reviewer Comment (2025-04-18): [Redacted] Received LOE for rounded off fee; however, provided LOE does not specify which fee is rounded off. Provide Updated LOE stating fee name. Buyer Comment (2025-04-17): Rebuttal |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | The Credit report fee was previously disclosed to the borrower on the Loan estimate as $[Redacted] but it increased on the closing disclosure as $[Redacted]. No valid Change of Circumstance found in the file and the cure provided at closing was not sufficient to cure both tolerance issues. | Reviewer Comment (2025-04-28): Sufficient cure provided at closing Reviewer Comment (2025-04-23): [Redacted]: Cure provided at closing is insufficient to cure for the citing [Redacted]% exception and [Redacted]% exception. Credit Report Fee increase of $[Redacted] from [Redacted] exceeds tolerance of $[Redacted]. Hence, we also required additional cure of $[Redacted] with cure documents to reevaluate this exception. If the Credit report fee rounded on LE, please provide proof of evidence that the fee was rounded off on LE in order to reevaluate and to clear this exception. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision REO Principal and Interest Amount Considered | Ability to Repay (Dodd-Frank [Redacted]): REO has no P&I amount but is not indicated as a free & clear owned property. | Reviewer Comment (2025-04-18): Received required documentation. Condition cleared. |
04/18/2025 | 1 | A | A | A | A | A | MA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]XXXX exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2025-04-28): Sufficient Cure Provided At Closing |
04/28/2025 | 1 | A | A | A | A | A | MA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223224329 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2025-04-28): Sufficient Cure Provided At Closing |
04/28/2025 | 1 | A | A | A | A | A | MA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223226336 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-04-16): Exception cleared - E-Sign Consent Agreement received and associated in clarity. Buyer Comment (2025-04-16): econsent uploaded |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223226336 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception provided for Housing payment history: Private party landlord requires [Redacted] mos cancelled checks & copy of lease - exception request is to allow copy of lease & lease extension and VOR form in place of [Redacted] months cancelled checks. VOR form is completed by real estate agent that private party landlord uses to manage the property. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-22): Client elects to waive with compensating factors. Buyer Comment (2025-04-18): uploaded lox rebuttal & apprvd exception for private vor. |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223226336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Signing Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Signing Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower | Reviewer Comment (2025-05-05): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-02): uploaded lox pccd label and cure check Reviewer Comment (2025-04-23): [Redacted] received LOX for rebuttal comment. However, the baseline is $[Redacted] due to the fee was added is in section B of final LE under borrower cannot shopped for service section and the fee was not disclosed at the time of initial application. Also, provided corresponding COC does not give sufficient information on what impacts and why the fee was added. As the fee was included in section B of the most recent LE, the consumer was not allowed to shop, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-22): uploaded lox rebuttal Reviewer Comment (2025-04-21): [Redacted] received LOX along with SSPL. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title- Signing fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-18): lox rebuttal & sspl uploaded |
05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223226336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Title Update. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Title Update Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-05): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-02): see uploaded lox pccd label and cure check Reviewer Comment (2025-04-23): [Redacted] received LOX for rebuttal comment. However, the baseline is $[Redacted] due to the fee was added is in section B of final LE under borrower cannot shopped for service section and the fee was not disclosed at the time of initial application. Also, provided corresponding COC does not give sufficient information on what impacts and why the fee was added. As the fee was included in section B of the most recent LE, the consumer was not allowed to shop, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-22): uploaded lox rebuttal Reviewer Comment (2025-04-21): [Redacted] received LOX along with SSPL. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title- Title update fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-18): see lox rebuttal & sspl uploaded |
05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223226336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Endorsement Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-05): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-02): see uploaded lox pccd label and cure check Reviewer Comment (2025-04-23): [Redacted] received LOX for rebuttal comment. However, the baseline is $[Redacted]due to the fee was added is in section B of final LE under borrower cannot shopped for service section and the fee was not disclosed at the time of initial application. Also, provided corresponding COC does not give sufficient information on what impacts and why the fee was added. As the fee was included in section B of the most recent LE, the consumer was not allowed to shop, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-22): uploaded lox rebuttal Reviewer Comment (2025-04-21): [Redacted] received LOX along with SSPL. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title- Endorsement fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-18): see lox rebuttal & sspl uploaded |
05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223226336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Closing Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Closing Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. | Reviewer Comment (2025-05-05): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-02): see uploaded lox pccd label and cure check |
05/05/2025 | 2 | B | B | B | B | B | NV | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223234939 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for Permanent Resident Alien who has provided an unexpired foreign passport, [Redacted] extension & [Redacted] stamp in passport is approved. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-25): Client elects to waive with compensating factors. Buyer Comment (2025-04-23): See page [Redacted]-[Redacted] Buyer Comment (2025-04-23): Exception should not be needed. Please refer to documentation in file : When filing Form I-751 this serves as an automatic [Redacted] months extension to Permanent Resident Status which would extend to [Redacted]. |
04/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223234969 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | ACH was missing from file. | ACH is required for the Foreign National borrower. | Reviewer Comment (2025-04-21): Received ACH document. Exception cleared. Buyer Comment (2025-04-18): ACH |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223235036 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request to allow the use of unsecured borrowed funds is approved. Unable to downgrade/waive due to lender approval required the payment based on the balance after accessing the LOC for the transaction to be included with calculating [Redacted]. The payment and verification of the amount of funds obtain was not located in the file. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-29): Client elects to waive with compensating factors. Buyer Comment (2025-04-25): Cond was waived and is not back active. Credit Exception docs already provided. Reviewer Comment (2025-04-22): Client elects to waive with compensating factors. Buyer Comment (2025-04-18): See uploads |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IN | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223235036 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate not provided. | Reviewer Comment (2025-05-01): Received business purpose certificate. Exception cleared. Buyer Comment (2025-04-30): Business Purpose Cert |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223235788 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) New Jersey High-Cost Loan (Points and Fees) | [Redacted] Home Ownership Security Act: Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Total Loan Amount. Points and Fees total $[Redacted] on a Total Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Non-Compliant High Cost Loan. | Points and Fees total $[Redacted] on a Total Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-05-06): Cure documentation received. Buyer Comment (2025-05-02): Proof updated LOX sent to bwr Reviewer Comment (2025-05-02): The updated LOE to borrower that details the correct violation ([Redacted] points and fees) was provided. But the only mailing label in file is dated prior to this LOE date of [Redacted]. So the [Redacted] label appears to go along with the check and original LOE referencing QM points and fees. This corrected LOE will need to be sent to the borrower and will need evidence of this before we can proceed with the cure. Buyer Comment (2025-04-30): Updated LOX, confirmed PCCD and cure check delivered. Reviewer Comment (2025-04-25): A PCCD would not be sufficient to cure a [Redacted] high cost points and fees violation. The requirements for this cure are: Within [Redacted] days of closing (deadline [Redacted]), provide: ([Redacted]) Letter of Explanation; ([Redacted]) refund of amount over the covered loan threshold maximum; and ([Redacted]) proof of mailing (must be in transit with courier). For the subject loan cure documentation, the following are missing: 1. LOE explaining the [Redacted] High Cost Points and fees violation / cure (letter references QM P&Fs). 2. Proof of mailing - in transit (tracking indicates label created, not in transit). Buyer Comment (2025-04-22): PCCD, LOX, Cure & FedEx |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | Within 45 days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the covered loan threshold maximum; and (3) proof of mailing (must be in transit with courier). (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 365 days of closing, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-cost threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223236002 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] finding due to the missing CPA letter or equivalent documentation, resulting in a loan designation discrepancy. | Reviewer Comment (2025-05-01): Received business license. Condition cleared. Buyer Comment (2025-05-01): uploaded business license and email to reference Reviewer Comment (2025-04-23): Provided documentation does not state the applicant's percentage ownership, Exception remains. Buyer Comment (2025-04-22): see D[Redacted] and D[Redacted] |
05/01/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MO | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223236002 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] finding due to the missing CPA letter or equivalent documentation. | Reviewer Comment (2025-05-01): Received business license. Condition cleared. Buyer Comment (2025-05-01): see uploaded business license & email Reviewer Comment (2025-04-23): Provided documentation does not state the applicant's percentage ownership, Exception remains. Buyer Comment (2025-04-22): see D[Redacted] and D[Redacted] |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236002 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing a CPA letter or equivalent documentation verifying the ownership percentage and length of time borrower has been self-employed. | Reviewer Comment (2025-05-01): Received business license. Condition cleared. Buyer Comment (2025-05-01): see uploaded business license & email Reviewer Comment (2025-04-23): Provided documentation does not state the applicant's percentage ownership, Exception remains. Buyer Comment (2025-04-22): see D[Redacted] and D[Redacted] |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223236002 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | File is missing a CPA letter or equivalent documentation verifying the ownership percentage and length of time borrower has been self-employed. | Reviewer Comment (2025-05-01): Received business license. Condition cleared. Buyer Comment (2025-05-01): see uploaded business license & email Reviewer Comment (2025-04-23): Provided documentation does not state the applicant's percentage ownership, Exception remains. Buyer Comment (2025-04-22): see D[Redacted] and D[Redacted] |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236002 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] finding due to the missing CPA letter or equivalent documentation. | Reviewer Comment (2025-05-01): Received business license. Condition cleared. Buyer Comment (2025-05-01): see uploaded business license & email Reviewer Comment (2025-04-23): Provided documentation does not state the applicant's percentage ownership, Exception remains. Buyer Comment (2025-04-22): see D[Redacted] and D[Redacted] |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236121 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Our [Redacted] borrower is requesting a rate/term refinance of an investment property utilizing [Redacted] to qualify while unable to meet the requirements to qualify for a [Redacted] History Waiver. Section [Redacted] requires the borrower to own their current primary residence to obtain a [Redacted].Investor Cash Flow [Redacted] - He does not own primary residence and VOR paid cash. Borrower is [Redacted] and does not own a primary. He has been living as [Redacted] at will at same address for [Redacted] years and pays landlord in cash. He owns [Redacted] investment [Redacted] properties and wants to do a [Redacted] on both simultaneously. Both are [Redacted]% occupied and leased. Lots of positive factors - LTV, [Redacted], Reserves,[Redacted]-year [Redacted], and [Redacted]% occupancy. Compensating Factors are Unable to meet the requirements to obtain a Landlord History Waiver - does not own current primary residence. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-15): Client elected to waive exceptions with compensating factors. |
04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223236140 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at for no landlord experience. Comp factors are [Redacted] [Redacted] or greater, minimal consumer debt. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Originator,SitusAMC | Reviewer Comment (2025-04-16): Per client, downgrade and waive using comp factors. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223236140 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Hazard Policy is reflecting address as "[Redacted]" however, Note is reflecting address as "[Redacted]". Corrected Hazard policy is required. | Reviewer Comment (2025-05-07): Received updated policy and no loss attestation. Condition cleared. Reviewer Comment (2025-05-06): Provided statement of no loss of which policy number of [Redacted] is not matching with hazard policy. Provide complete policy with all coverage details which was in effect at the time of closing. Exception remains. Buyer Comment (2025-05-05): No loss letter Reviewer Comment (2025-04-29): Provided hazard policy with corrected subject property address with effective date of [Redacted] which is after Note date of [Redacted]. Provide Hazard insurance policy which was in effect at the time of closing with correct property address. Exception remains. Buyer Comment (2025-04-28): Please see attached |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223236151 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | As per 1008, exception approved for Rent Free letter. Borrower is living on rent since last [Redacted] months and rent-free letter is missing from previous residence. Lender exception request form and approval both are missing. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Borrower has been employed in the same industry for more than [Redacted] years. Documentation Type: [Redacted]mo Bank Statement Disposable Income: $[Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-22): Client elects to waive with compensating factors. Buyer Comment (2025-04-18): Exception no longer needed. Cancelled. |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223236151 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA letter does not verify borrower's self-employment start date and borrower's business ownership percentage. No alternate documents provided as well. Guidelines require at least [Redacted]% business ownership and [Redacted] years of self-employment history. | Reviewer Comment (2025-04-22): Received exception documentation. Condition cleared. Reviewer Comment (2025-04-22): Provided document does not confirm borrower's ownership percentage, Exception remains. Buyer Comment (2025-04-18): Please see attached |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223236151 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] finding due to the missing percentage of ownership and slef employment start date. | Reviewer Comment (2025-04-22): Received required documentation. Condition cleared. |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236522 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Business bank statement for [Redacted] is missing. | Reviewer Comment (2025-04-30): Bank statement received. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236522 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-21): [Redacted] received e-consent. Buyer Comment (2025-04-18): see attached Buyer Comment (2025-04-18): See attached. Econsent date is [Redacted]. Reviewer Comment (2025-04-18): [Redacted] received rebuttal, however the consumer went through the eConsent process on [Redacted], the consumer acknowledged the receipt of the LE on [Redacted]. But the loan application date was [Redacted]. In the event the consumer had not provided eConsent by [Redacted] then the lender should have sent the consumer the Loan Estimate through another means in accordance with the official interpretation reflected in Comment [Redacted](e)([Redacted])(iv)-[Redacted]. Provide proof borrower was sent Initial LE via other means than electronic delivery or please provide earliest e-consent document, as the e-consent was over [Redacted] business days and acknowledged over [Redacted] business days. The LE would not have been provided electronically if borrower had not e-consented with the [Redacted] business days after application. Buyer Comment (2025-04-17): Please review internal doc D[Redacted] which as the electronic delivery timestamp at the time of delivery on [Redacted]. Application date was [Redacted], this is well within the [Redacted] days of application date. Please cancel this condition as invalid. |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236522 | [Redacted] | [Redacted] | XXXX | Credit | Income | Document Error | Income | Bank statement page number is blank. | - | Business bank statement for [Redacted] is missing. | Reviewer Comment (2025-04-30): Bank statement received. Buyer Comment (2025-04-28): See attached |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236522 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Business bank statement for [Redacted] is missing. | Reviewer Comment (2025-04-30): Bank statement received. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223236535 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2025-04-21): [Redacted] received e-consent dated [Redacted]. Buyer Comment (2025-04-18): E Consent |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223236535 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify assets using reasonably reliable third-party records. | [Redacted] finding due to the missing bridge loan documentation to evidence receipt and repayment terms. | Reviewer Comment (2025-04-23): Received required documentation. Condition cleared. Buyer Comment (2025-04-21): Bridge loan info |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236535 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of [Redacted] does not match Due Diligence Loan Designation of ATR Fail. | Data updated correctly. | Reviewer Comment (2025-04-23): Received required documentation. Condition cleared. Buyer Comment (2025-04-21): bridge loan Info on CD |
04/23/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223236535 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | Data updated correctly. | Reviewer Comment (2025-04-23): Received required documentation. Condition cleared. |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236535 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] finding due to the missing bridge loan documentation to evidence receipt and repayment terms. | Reviewer Comment (2025-04-23): Received required documentation. Condition cleared. Buyer Comment (2025-04-21): Bridge loan CD |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236535 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | File is missing bridge loan documentation to evidence receipt and repayment terms. | Reviewer Comment (2025-04-23): Received required documentation. Condition cleared. Buyer Comment (2025-04-21): Bridge loan CD |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223236535 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] finding due to the missing bridge loan documentation to evidence receipt and repayment terms, resulting in a loan designation discrepancy. | Reviewer Comment (2025-04-23): Received required documentation. Condition cleared. Buyer Comment (2025-04-21): Bridge loan CD |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223236536 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy for [Redacted]. | Reviewer Comment (2025-04-29): Updated input. [Redacted] is now at [Redacted]%. Buyer Comment (2025-04-25): Please update to utilize market rents $[Redacted] [Redacted] s/b [Redacted] |
04/29/2025 | 1 | A | A | A | A | A | NM | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| 223238553 | [Redacted] | [Redacted] | XXXX | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | The Desk Review or Field Review effective date [Redacted] does not match the Appraisals effective date of [Redacted]. | Reviewer Comment (2025-04-25): Received CDA with effective date [Redacted]. Exception Cleared. Buyer Comment (2025-04-24): CDA |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | ||||||||||||||
| 223238586 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception was provided. Exception is needed due to Section [Redacted]: Unacceptable Property Type (Unique Property - No Comps W/ Similar Configuration) & Section [Redacted]: Mixed Use Properties ([Redacted]). Exception request for eligibility of subject property. The subject is a [Redacted] property. Subject is legally zoned as "Neighborhood Irregular. The first floor has [Redacted] [Redacted], with one unit having [Redacted] bd/[Redacted] ba and the other unit having [Redacted] bd/[Redacted] ba. The second floor has [Redacted] residential units, each with [Redacted] /[Redacted] ba. The square footage is an exact [Redacted] split. The appraiser confirms on page [Redacted] that the commercial does not negatively impact the marketability and the mixed-use nature is legally permissible. The appraiser has provided a couple of similar comparable with mixed use characteristics, but none of the comparable provided are[Redacted] units and [Redacted] units. A supportive CDA is on file. Additionally, requesting to permit an [Redacted]% LTV. Section [Redacted] caps the max LTV at [Redacted]% |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Borrower's Own Funds Percent: [Redacted]% Borrower's Own Funds Amount: $[Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-16): Client elected to waive exceptions with compensating factors. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223238586 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-04-22): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-04-18): Appraisal receipt |
04/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223238586 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2025-05-19): Recalculated rental condition cleared. Buyer Comment (2025-05-16): Please provide amount of rental income used for the subject property in order to determine total neg rents of ~$[Redacted]/mo which seems to be throwing the DTI off. **Per the exception approval in file, allowed use of [Redacted]% of the commercial rents to qual - for a total allowed of $[Redacted]/mo. [Redacted] DTI using this figure yields [Redacted]%. Thank you. |
05/19/2025 | 1 | A | A | A | A | A | NJ | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223238586 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use [Redacted]% of gross rents for commercial units combined. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Borrower's Own Funds Percent: [Redacted]% Borrower's Own Funds Amount: $[Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-19): Client elects to waive with compensating factors. |
05/19/2025 | 2 | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 223238635 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified reserves of [Redacted] months is less than the required [Redacted] months reserves as required by the guidelines. | Reviewer Comment (2025-05-27): Received additional POC receipts. Condition cleared. Reviewer Comment (2025-05-27): EXCEPTION HISTORY - Exception explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. Reviewer Comment (2025-05-15): DD is unable to downgrade and waive. The lenders exception approval required a [Redacted]% [Redacted] and [Redacted] months in reserves. The [Redacted] is at .[Redacted]%. It appears lender is using a higher market rent than what was supported. And the borrower only has [Redacted]months in reserves not [Redacted] months. Condition remains. Buyer Comment (2025-05-13): Revided 1008 and approval and LOX |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223238635 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Borrower Requesting an exception for an expired [Redacted] Visa and no landlord history with [Redacted] below [Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted]points. | Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-04-16): Per client, downgrade and waive using comp factors. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223238635 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-29): Client elects to waive with compensating factors. Reviewer Comment (2025-05-22): DD is unable to accept the post closing comparable rent schedule due to the original document reflected the rent as $[Redacted] causing a [Redacted] of .[Redacted]at closing. Lender may provide a lender exception approval to utilize the post closing comparable rent schedule to achieve the .[Redacted]% [Redacted], however the .[Redacted]will remain in the system as that was the actual [Redacted] at closing. Buyer Comment (2025-05-20): Also, please see attached revised appraisal with corrected Operating Income Statement that reflects rental income of $[Redacted]and revised UCDPs. |
05/29/2025 | 2 | B | B | B | B | B | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 223238635 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject [Redacted]) discrepancy. | Reviewer Comment (2025-05-29): Cleared. Lender exception approval provided to utilize $[Redacted] market rent with min .[Redacted][Redacted] requirement. Reviewer Comment (2025-05-29): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated Debt Service Coverage Ratio (Subject [Redacted]) of [Redacted]does not meet Guideline[Redacted]Subject [Redacted]) [Redacted]. Reviewer Comment (2025-05-27): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated [Redacted](Subject [Redacted]) of [Redacted]does not meet Guideline [Redacted] (Subject [Redacted]) [Redacted]. |
05/29/2025 | 1 | A | A | A | A | A | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted] but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-01): [Redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-29): Itemization Reviewer Comment (2025-04-28): [Redacted] received Post CD. However, the credit given on final CD is of $[Redacted] and the required cure for credit report is $[Redacted]. Kindly provide additional cure of $[Redacted] the cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. If there is any rounded off amount, then provide supporting document for the rounded off. Buyer Comment (2025-04-25): LOX, PCCD, Cure Check & [Redacted] Reviewer Comment (2025-04-23): [Redacted]: Cure provided at closing is insufficient to cure for all the citing [Redacted]% exception. We also required additional cure of $[Redacted] foe the credit report fee increased. If it is rounded off on LE then provide evidence of LOX, system snip or any proof that rounded off to reevaluate this exception along with required valid COC for the Transfer taxes increased. Exception remains. Buyer Comment (2025-04-21): INVALID $[Redacted]-$[Redacted] given $[Redacted]on final |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-28): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-25): LOX, PCCD, Cure Check & [Redacted] uploaded for review. Reviewer Comment (2025-04-23): [Redacted] received COC dated [Redacted] indicates that Individuals added to or remove from Title. but it does not give specific information on that borrower was added or removed from Title. Also, provided Title commitment in the loan completed on [Redacted] with both borrowers on vesting at the time of application and triggering the need to disclose all applicable fees. In order to determine if the changed circumstance is valid more information is necessary on reason for the fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-21): coc |
04/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested to purchase primary residence utilizing bank statements to qualify a [Redacted]% LTV and [Redacted]% DTI. Section [Redacted] prohibits the DTI from exceeding [Redacted]% when LTV is greater than [Redacted]%. | Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-17): Client elected to waive exceptions with compensating factors. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-04-18): Appraisal notice for the evidence of appraisal delivery is already provided. Exception cleared. Buyer Comment (2025-04-17): Please see D[Redacted] for proof of delivery and apply mailbox rule. |
04/18/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or[Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-04-18): Appraisal notice for the evidence of appraisal delivery is already provided. Exception cleared. Buyer Comment (2025-04-17): Please clear with appraisal cond or clarify requirement. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-04-18): Appraisal notice for the evidence of appraisal delivery is already provided. Exception cleared. Buyer Comment (2025-04-17): Please clear with appraisal condition |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Business account statements missing for [Redacted]. Missing months [Redacted] | Reviewer Comment (2025-04-23): Received updated information from client. Condition cleared. Buyer Comment (2025-04-21): Rebuttal |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223238638 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Business account statements missing for [Redacted]. Missing months [Redacted] | Reviewer Comment (2025-04-23): Received updated information from client. Condition cleared. Buyer Comment (2025-04-21): see uploaded rebuttal |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223238641 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-04-24): Received required documentation. Condition cleared. Buyer Comment (2025-04-22): signed business purp cert uploaded |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223238641 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification is missing in file. | Reviewer Comment (2025-04-24): Received required documentation. Condition cleared. Buyer Comment (2025-04-22): uploaded ID |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223245608 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Flood Certification (Initial Fee). Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | 0% tolerance was exceeded by $[Redacted] due to Title - Flood Determination Fee, No COC provided. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-24): [Redacted] received LOX for rebuttal response that the Flood determination fee required by title and paid to Title company. Buyer Comment (2025-04-22): [Redacted] |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223246549 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee disclosed as $[Redacted] on the initial Loan Estimate but disclosed as $[Redacted] on the Final Closing Disclosure. A valid change of circumstance not provided for fee increase. The cure provided at closing ([Redacted]) is sufficient to address the violation but is insufficient to address all tolerance violations. | Reviewer Comment (2025-04-24): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-22): Please see attached Buyer Comment (2025-04-22): Please see lender credit given on final CD |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223246549 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee was not disclosed on the initial Loan Estimate. A valid change of circumstance is not provided for disclosure of the new fee. The cure provided at closing ($[Redacted]) is insufficient to address all tolerance violations. | Reviewer Comment (2025-04-24): [Redacted] Received Confirmation lender does not require survey. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223246549 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-24): Sufficient Cure Provided At Closing |
04/24/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223247669 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Note reflects incorrect zip code "[Redacted]" and hazard insurance reflects zip code "[Redacted]". | Reviewer Comment (2025-04-24): Cleared. Received revised HOI policy. Buyer Comment (2025-04-22): updated insurance binder zip code |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223247669 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Missing deed to confirm vesting on title. | Reviewer Comment (2025-04-24): Cleared. Received executed deed. Buyer Comment (2025-04-22): deed uploaded |
04/24/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223248816 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | 442 is missing on file | Reviewer Comment (2025-04-22): 1004D/442 received and verified. Exception cleared Buyer Comment (2025-04-18): 1004D |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | B | A | A | A | C | A | Non QM | Non QM | No | ||||||||||
| 223248816 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title final is missing on file | Reviewer Comment (2025-04-22): Final Title Policy document received and verified. Exception cleared |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | A | B | A | A | A | C | A | Non QM | Non QM | No | |||||||||||
| 223248816 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid change of circumstance for this fee, Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2025-04-15): Sufficient Cure Provided At Closing |
04/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | B | A | A | A | C | A | Non QM | Non QM | Yes | |||||||||
| 223248816 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-22): Final Title Policy document received and verified. Exception cleared Buyer Comment (2025-04-21): Title |
04/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | B | A | A | A | C | A | Non QM | Non QM | No | |||||||||||
| 223248816 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: FICO | Reviewer Comment (2025-05-23): Lender concurs. Condition cleared. Buyer Comment (2025-05-21): Agree with [Redacted] , credit score adjusted to [Redacted] Buyer Comment (2025-05-21): 1008 with updated credit score |
05/23/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | C | A | B | A | A | A | C | A | Non QM | Non QM | No | ||||||||||||||||
| 223252016 | [Redacted] | [Redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | hazard Insurance Policy Effective from closing date [Redacted] and correct zip [Redacted] as per note is required. | Reviewer Comment (2025-04-24): Received corrected hazard binder in the file. Exception Cleared. Buyer Comment (2025-04-23): uploaded corrected binder Reviewer Comment (2025-04-23): Provided binder with effective date has typo error [Redacted]. Additionally, there is a zip code discrepancy. Exception remains. Buyer Comment (2025-04-21): updated binder |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223260009 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception for unacceptable property type (Over Improvement). The subject is a legally zoned [Redacted]/[Redacted] [Redacted] located in a [Redacted] area with <[Redacted] acre, and public utilities. The appraiser has noted that the subject is an over improvement for the area (GLA), and that no recent similar comparables are available. One similar comparable was provided, but it was from [Redacted]. Compensating factors: FICO [Redacted] points or more above requirement. Residual Income $[Redacted]k or more. Long term Employment (>[Redacted] years). Long term Homeownership (>[Redacted] years). The exception was approved with [Redacted] exception LLPA Conditions: [Redacted]% LTV Max. CDA supporting value Subject to meeting all other signature expanded guideline requirements. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Documentation Type: [Redacted]mo Bank Statement Disposable Income: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-17): Client elects to waive with compensating factors. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223260009 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception for [Redacted] month payment history. Borrower purchase current residence in [Redacted] (mortgage on credit), prior to the purchase the borrower has been living at their current residence since [Redacted] and was on a lease to purchase option. Documentation not provided for payment history from [Redacted] to [Redacted]. Compensating factors: FICO [Redacted] points or more above requirement. Residual Income $[Redacted] or more. Long term Employment (>[Redacted] years). Long term Homeownership (>[Redacted] years). The exception was approved with [Redacted] exception [Redacted] Conditions: [Redacted]% LTV Max. CDA supporting value Subject to meeting all other signature expanded guideline requirements. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Documentation Type: [Redacted]mo Bank Statement Disposable Income: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-17): Client elects to waive with compensating factors. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223260009 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy. | Reviewer Comment (2025-04-23): Final title provided |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223260009 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy does not reflect any coverage amount. | Reviewer Comment (2025-04-23): Final title provided Buyer Comment (2025-04-22): uploaded title work |
04/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223260009 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] is missing evidence of receipt. | Reviewer Comment (2025-04-23): Client elects to waive. Reviewer Comment (2025-04-23): Required proof of appraisal delivery was sent to borrower for Appraisal report date - [Redacted]. Exception remains. Buyer Comment (2025-04-22): this was an appraisal transfer see D[Redacted] and D[Redacted] |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223260009 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Recording fee increased from $[Redacted]. to $[Redacted] on [Redacted]. Changed circumstances letter dated [Redacted] does not reflect any reason for change in recording Fee. | Reviewer Comment (2025-04-27): [Redacted] Received Corrected PCCD and LOE along with Final settlement statement. Buyer Comment (2025-04-24): uploaded final SS Reviewer Comment (2025-04-24): [Redacted] Received Corrected PCCD and LOE; however, require true and certified Final SS in order to verify loan is closed as per provided PCCD. Buyer Comment (2025-04-23): uploaded lox & pccd |
04/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223260009 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted],[Redacted]. Insufficient or no cure was provided to the borrower. | Discount points increased from $[Redacted],[Redacted]. to $[Redacted] on [Redacted]. Changed circumstances letter dated [Redacted] does not reflect any reason for change in discount points. | Reviewer Comment (2025-04-24): [Redacted] Received Valid COC dated [Redacted]. Buyer Comment (2025-04-23): uploaded cod for points increase / rate |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223260010 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification is missing in file | Reviewer Comment (2025-04-23): Received Patriot Act customer identification. Exception Cleared. Buyer Comment (2025-04-21): Patriot Act Form |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223260010 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [Redacted] discrepancy due to subject is being rented as [Redacted]. Only [Redacted]% of the rental amount is to be used. | Reviewer Comment (2025-04-25): [Redacted] meets guides. Condition cleared. Buyer Comment (2025-04-23): 1003 and 1008 |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223260010 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: LTV | Reviewer Comment (2025-05-23): Lender concurs. Condition cleared. Buyer Comment (2025-05-21): Thank you for the clarification. Please waive. Reviewer Comment (2025-05-20): Unable to update. The rental being used is a short term rental of $[Redacted]/mo. Per guides, only [Redacted]% of that may be used to determine the [Redacted] which would be $[Redacted]. Buyer Comment (2025-05-19): Please update [Redacted]V ratio to [Redacted] |
05/23/2025 | 1 | A | A | A | A | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223260018 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223260018 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Amount Financed disclosed is $[Redacted]. Calculated Amount Financed of $[Redacted]. Variance of $[Redacted]. Based on the review discrepancy occurred due to APR variance of [Redacted]%. Calculated APR [Redacted]% however APR disclosed is [Redacted]%. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-04-25): [Redacted] received lender attestation on title-tax cert fee is a one time at closing fee and not life of loan. Buyer Comment (2025-04-24): uploaded investor rebuttal |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223260018 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted]. Variance of -$[Redacted]. Based on the review discrepancy occurred due to APR variance of [Redacted]%. Calculated APR [Redacted]% however APR disclosed is [Redacted]%. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-04-25): [Redacted] received lender attestation on title-tax cert fee is a one time at closing fee and not life of loan. Buyer Comment (2025-04-24): see uploaded investor rebuttal |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223260365 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-04-22): Received OFAC search for borrowing business entity. Exception Cleared. Buyer Comment (2025-04-18): OFAC |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223260365 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification is missing for the borrower. | Reviewer Comment (2025-04-24): Received required documentation. Condition cleared. Buyer Comment (2025-04-22): Please see attached |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223260370 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | The Recording fee was previously disclosed to the borrower on the Loan estimate as $[Redacted]but it increased on the closing disclosure as $[Redacted]with no cure provided to the borrower. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-08): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-07): Cure Docs Reviewer Comment (2025-04-30): [Redacted] received Post CD,LOX,Copy of refund check and proof of mailing for $[Redacted] therefore total cure provided is $[Redacted]. However, we would require additional cure of $[Redacted] in order to cure the exception. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-28): Cure docs |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223260370 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [Redacted]% exceeds Guideline loan to value percentage of [Redacted]%.Verified appraised value is less in appraisal compared to considered in 1008 due to which LTV is not matching. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted] % less than the guideline maximum. |
Borrower has been employed in the same industry for more than [Redacted] years. Documentation Type: [Redacted]mo CPA P&L Disposable Income: $[Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-29): Client elects to waive with compensating factors. Buyer Comment (2025-04-25): Exception |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| 223260797 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-04-23): The Proof of appraisal delivery received. Details verified and updated. Exception cleared. Buyer Comment (2025-04-21): Appraisal sent |
04/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223260797 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted].[Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% | Reviewer Comment (2025-04-23): The Proof of appraisal delivery received. Details verified and updated. Exception cleared. Buyer Comment (2025-04-22): Orig appraisal sent |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223260797 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-04-23): The Proof of appraisal delivery received. Details verified and updated. Exception cleared. Buyer Comment (2025-04-22): Orig appraisal sent |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223260797 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted]% tolerance was exceeded by $[Redacted]due to Extension Fee. Specific credit of $[Redacted]has been provided as cure at closing. | Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223260797 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | File is missing a valid change of circumstance indicating what fee is changing, the amount of the change and the reason for change. | Reviewer Comment (2025-05-01): [Redacted] received corrected PCCD and LOE moving the fee from section B to C. Buyer Comment (2025-04-29): PCCD Reviewer Comment (2025-04-25): [Redacted] Title Abstract fee disclosed in Section B which are tested at [Redacted]% tolerance. Provider listed on SSPL is different than provider on CD. Appears borrower shopped for title fees. Corrected CD moving the title abstract fee to Section C and LOE to borrower required to cure. Buyer Comment (2025-04-23): The LE dated [Redacted] list $[Redacted]title search fee (c) as shoppable, fee did not increase on final.( Buyer Comment (2025-04-23): The LE dated [Redacted] list $[Redacted] title search fee (c) as shoppable, fee did not increase on final.( |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223260797 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | File is missing a valid change of circumstance indicating what fee is changing, the amount of the change and the reason for change. | Reviewer Comment (2025-04-25): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-23): This is on the lender credit on final CD |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223262013 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request for a non-warrantable condo due to critical repairs. Balcony support beams need to be replaced. | Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The representative FICO score is above [Redacted]. |
Documentation Type: [Redacted] Disposable Income: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-18): Client elects to waive with compensating factors. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223262013 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [Redacted]) business days prior to closing. | Loan Estimate provided on [Redacted] not received by borrower at least XXXX business days prior to closing | Reviewer Comment (2025-04-24): [Redacted] received proof of earlier electronic receipt Buyer Comment (2025-04-23): Disclosure Tracking Reviewer Comment (2025-04-23): [Redacted] received [Redacted] LE. However, missing proof of earlier receipt by borrower. Timing regulation is based on date received by borrower, not date issued. Mailbox rule in effect which calculates to [Redacted] receipt date which is not [Redacted] business days prior to the [Redacted] consummation date. Provide proof of earlier receipt or timing is not met. Unable to read any electronic delivery information on top of page [Redacted] as watermark covers data. Buyer Comment (2025-04-22): LE |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223263976 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Article of Organization is missing in the file. | Reviewer Comment (2025-04-22): Received Article of Organization. Exception Cleared. Buyer Comment (2025-04-21): LLC docs |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223263976 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in the file. | Reviewer Comment (2025-04-22): Received Certificate of Good Standing. Exception Cleared. |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223263976 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in the file. | Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. Buyer Comment (2025-04-24): Please see attached Reviewer Comment (2025-04-22): Provided corporate resolution mortgage loan amount does not match with loan amount mention on the note. Exception Remains. Buyer Comment (2025-04-21): Resolution to borrower |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223263976 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in the file. | Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. Buyer Comment (2025-04-23): Borrower does not have an operating agreement as he is a sole proprietor Reviewer Comment (2025-04-22): Received LLC document however operating agreement is missing in file. Exception Remains. Buyer Comment (2025-04-21): LLC docs |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223263976 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to funds is missing for the account [Redacted] | Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. Buyer Comment (2025-04-24): Please see attached corporate resolution Reviewer Comment (2025-04-22): Provided corporate resolution mortgage loan amount does not match with loan amount mention on the note. Exception Remains. Buyer Comment (2025-04-21): Borrower is the sole owner of the business please clear |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223263976 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to funds is missing for the account #[Redacted] | Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223263987 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-22): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-21): LC given on final CD, please cancel |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223263987 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-29): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-25): LOX, PCCD, [Redacted], Ck Copy |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223265517 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | A DTI of [Redacted]% exceeds the guideline DTI of [Redacted]% due to income captured as per the available business bank statement, but the UW worksheet indicates a different account #[Redacted], which is missing in the file. | Reviewer Comment (2025-04-25): [Redacted] months business Bank Statement received, Exception Cleared. Buyer Comment (2025-04-24): bank stmts for #[Redacted] |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223268065 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-17): Sufficient Cure Provided within [Redacted] Days of Closing |
04/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NV | Second Home | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223268125 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]XXXX exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by $[Redacted]due to increase of recording fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-01): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-30): Rebuttal Reviewer Comment (2025-04-29): [Redacted] received snip of LE and also LOX. However, we would require a correct rounded off amount for the [Redacted] percent in order to clear the exception. Buyer Comment (2025-04-28): Rebuttal Reviewer Comment (2025-04-24): [Redacted] received LOE, however we require proof of rounding off amount for LE. Please provide proof of rounding off amount of $[Redacted] to re-evaluate the exception. Buyer Comment (2025-04-23): Rebuttal |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223268125 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted]but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-01): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-30): rebuttal Reviewer Comment (2025-04-29): [Redacted] received snip of LE and also LOX. However, we would require a correct rounded off amount for the credit report fee in order to clear the exception. Buyer Comment (2025-04-28): Rebuttal Reviewer Comment (2025-04-24): [Redacted] received LOE, however we require proof of rounding off amount for LE. Please provide proof of rounding off amount of $[Redacted] to re-evaluate the exception. Buyer Comment (2025-04-23): Rebuttal |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223268125 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance verification is missing for [Redacted] | Reviewer Comment (2025-04-24): Received hazard insurance document for REO property "[Redacted], information validated. Exception Cleared. Buyer Comment (2025-04-23): REO insurance |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223268125 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | UT | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223268125 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | UT | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223268483 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [Redacted] Rate Lock document is missing in file. | Reviewer Comment (2025-04-24): Initial Rate lock document received & associated. Exception cleared. Buyer Comment (2025-04-22): Initial Rate Lock |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223268483 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. | Reviewer Comment (2025-04-24): Replacement cost updated. Exception cleared. Buyer Comment (2025-04-22): HOI states replacement cost. Subject is in FL state. No RCE. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223268511 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception request- The borrower is requesting an exception to recoup $[Redacted]initial investment from the borrower's father. The funds have been sourced back to the father's account and is documented in file. Compensating factors: DTI is [Redacted]% lower than guideline max; Qualifying FICO is [Redacted]with stable credit history with [Redacted][Redacted] on all previous mortgages and other tradelines. [Redacted]months of post closing reserves (personal funds); $[Redacted]/month in residual income with [Redacted]+ years of employment at same company. [Redacted] years at the same residence. Lender exception with COUNTEROFFER: [Redacted]% Max LTV, [Redacted]% Max DTI | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-21): Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | N/A | Non QM | No | ||||||||
| 223268511 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted]on Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-28): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-25): Please see attached |
04/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | N/A | Non QM | Yes | |||||||||
| 223268511 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit report fee was disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-28): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-25): Please see attached |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | N/A | Non QM | Yes | |||||||||
| 223268511 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception request - Borrower is not [Redacted]% owner of the final vesting entity. [Redacted]is [Redacted][Redacted]owner and the other members are family. All members to sign security in[Redacted]ument and note at closing. Compensating factors: DTI is [Redacted]% lower than guideline max; Qualifying FICO is [Redacted]with stable credit history with [Redacted][Redacted] on all previous mortgages and other tradelines. [Redacted]months of post closing reserves (personal funds); $[Redacted]/month in residual income with [Redacted]+ years of employment at same company. [Redacted]years at the same residence. Lender exception with COUNTEROFFER: [Redacted][Redacted]Max LTV, [Redacted]% Max DTI | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-21): Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | N/A | Non QM | No | ||||||||
| 223268519 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Neither evidence of delivery of updated appraisal nor compliant acknowledgment of receipt signed at closing provided. | Reviewer Comment (2025-04-23): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-04-22): Appraisal sent |
04/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223268519 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was disclosed as $[Redacted]on the initial Loan Estimate but disclosed as $[Redacted]on the Final Closing Disclosure. A valid change of circumstance is not provided for fee increase and no evidence of tolerance cure is provided. | Reviewer Comment (2025-04-29): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-28): PCCD with cure |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223268519 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | A VOR or most recent [Redacted] months' consecutive cancelled checks to verify housing history is not located in the file. | Reviewer Comment (2025-04-28): Cleared. Per client, VOR not required based on UW discretion per guidelines. Buyer Comment (2025-04-24): Please see page [Redacted] of the guidelines that states the following: "Rental History... In the underwriter's discretion, verification of rent payment history may be required. If required, the following must be adhered to". This is not required. It's in the UW discretion. Reviewer Comment (2025-04-23): Evidence of most recent [Redacted] months consecutive primary housing rent $[Redacted]is required Exception remains. Buyer Comment (2025-04-22): ROVs |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223268520 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was disclosed as $[Redacted]on the initial Loan Estimate but disclosed as $[Redacted]on the Final Closing Disclosure. A valid change of circumstance is not provided for fee increase and no evidence of tolerance cure is provided. | Reviewer Comment (2025-05-05): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-02): Please see attached Reviewer Comment (2025-04-29): [Redacted] received LOE and COC stating the transaction amount is more than [Redacted]M, but the loan amount was already higher at the time of initial LE so ideally the higher fee should have been disclosed on initial LE itself. Please provide information as to what changed circumstance occurred or new information received (as defined under [Redacted](e)([Redacted])(A)-(F) that resulted in an increase in closing costs or cure will be required. Buyer Comment (2025-04-25): Please see attached Reviewer Comment (2025-04-24): [Redacted] received Changed Circumstance dated [Redacted], but it does not give sufficient information on why the Appraisal fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-04-23): Please see attached |
05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223268523 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2025-05-20): Received updated 1008. Condition cleared. Buyer Comment (2025-05-19): 1008 Buyer Comment (2025-05-19): [Redacted] now aligns with [Redacted] - |
05/20/2025 | 1 | A | A | A | A | A | FL | Investment | Refinance - Rate/Term | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223268655 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation for Business entity is missing in file. | Reviewer Comment (2025-04-23): Received Articles of Organization/Formation in the file. Exception Cleared. Buyer Comment (2025-04-22): All LLC docs |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223268655 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution for Business entity is missing in file. | Reviewer Comment (2025-04-23): Received Corporate Resolution for Business entity in the file. Exception Cleared. Buyer Comment (2025-04-22): All LLC Docs |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223268655 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | EIN for Business entity is missing in file. | Reviewer Comment (2025-04-23): Received EIN for Business entity in the file. Exception Cleared. Buyer Comment (2025-04-22): All LLC docs |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223268655 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement for Business entity is missing in file. | Reviewer Comment (2025-04-23): Received Operating Agreement for Business entity in the file. Exception Cleared. Buyer Comment (2025-04-22): All LLC docs |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223268655 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | File is missing the initial [Redacted] Rate Lock as required by the client's guidance. | Reviewer Comment (2025-04-23): Received initial [Redacted] Rate Lock in the file. Exception Cleared. Buyer Comment (2025-04-22): Lock forms |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | D | A | AZ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223268655 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-27): Cleared. Received [Redacted] and [Redacted] statements. Buyer Comment (2025-05-23): [Redacted] income Reviewer Comment (2025-05-23): The [Redacted] statement is very difficult to review. Blurry. Please provide a clearer copy of the [Redacted] total income statement used to calculate the short term rental income. Buyer Comment (2025-05-21): Please update [Redacted] using $[Redacted]: Using the total of most current [Redacted] months from both [Redacted] and [Redacted]. Starting with the most current payout in [Redacted] The payout printouts are in two folders (income - Financial Statements) |
05/27/2025 | 1 | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||||||
| 223268735 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception for less than [Redacted] months bank statements to be used for asset qualifier. Exception is for [Redacted] month short on [Redacted]. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-21): Client elects to waive with compensating factors. |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| 223268735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Neither evidence of delivery of updated appraisal nor compliant acknowledgment of receipt signed at closing provided. | Reviewer Comment (2025-04-28): Client elects to waive. Reviewer Comment (2025-04-25): Exception remains, missing acknowledgement evidence that borrower was received copy of Appraisal within [Redacted] business days prior to Closing. Provided Appraisal notice contains Appraisal was sent on [Redacted] which is same as Closing date [Redacted]. Buyer Comment (2025-04-24): Appraisal sent Reviewer Comment (2025-04-24): Verification of the borrower's receipt of the revised appraisal (Report date [Redacted]) is missing from the file. Buyer Comment (2025-04-23): Appraisal sent |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223268735 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [Redacted] is used for asset qualification however the bank is not listed on the acceptable bank list for foreign national assets. Foreign bank statements cannot be used for income purposes. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. Buyer Comment (2025-04-29): exception |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| 223269282 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] businessdays prior to consummation. | Reviewer Comment (2025-04-24): Received confirmation over mail which confirms copy of appraisal mail to borrower from [Redacted] business days prior to closing date. Exception Cleared. Buyer Comment (2025-04-22): appraisal delivery |
04/24/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223269282 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Lender exception request Non-warrantable condo project due to critical repairs. Lender exception was approved with the following conditions: Max [Redacted]% LTV, subject to NWC LLPA : |
The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Lender exception approved with comp factors. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-18): Lender approved exception with comp factors. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | ||||||||
| 223269282 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-27): Sufficient Cure Provided At Closing |
04/27/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223270780 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [Redacted]Rate Lock is missing in the file. | Reviewer Comment (2025-04-25): Received Initial [Redacted] Rate Lock. Exception cleared. Buyer Comment (2025-04-23): Initial Rate Lock |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223270780 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested landlord history. Borrower has owner primary residence for [Redacted]months and previously resided in the subject property for [Redacted] years. Subject property was rented as of [Redacted]. Borrower owns no additional properties. Subject property was listed for sale within the last [Redacted] months but has been delisted for greater than [Redacted] months as of the application date. Cash out proceeds being as used as reserves and are equivalent for [Redacted]months. Lender exception was approved with the following [Redacted](LTV): Max [Redacted]% LTV, Min .[Redacted][Redacted], Min [Redacted] Year [Redacted].[Redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-04-21): preapproved exception |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||
| 223271463 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[Redacted]disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-30): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-29): Cure Docs |
04/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223271463 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax verification for following property [Redacted], was not provided. | Reviewer Comment (2025-04-30): Tax certificate for property [Redacted] received & Insurance verification for [Redacted] associated. Exception cleared. Buyer Comment (2025-04-29): Tax Cert |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223271463 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-04-25): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-04-23): Appraisal sent receipt |
04/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223271463 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-04-30): Tax certificate for property [Redacted] received & Insurance verification for [Redacted] associated. Exception cleared. Buyer Comment (2025-04-29): See upload |
04/30/2025 | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223271463 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2025-04-30): Tax certificate for property [Redacted] received & Insurance verification for [Redacted] associated. Exception cleared. Buyer Comment (2025-04-29): See upload |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223271463 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | ATR failure due to missing supporting document for tax verification. | Reviewer Comment (2025-04-30): Tax certificate for property [Redacted] received & Insurance verification for [Redacted] associated. Exception cleared. Buyer Comment (2025-04-29): See upload |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223271463 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Tax verification for following property [Redacted], was not provided. | Reviewer Comment (2025-04-30): Tax certificate for property [Redacted] received & Insurance verification for [Redacted] associated. Exception cleared. Buyer Comment (2025-04-29): See upload |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223271474 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Policy does not state [Redacted]% replacement cost upto policy limit. | Reviewer Comment (2025-04-24): Confirmation received from insurance co. Buyer Comment (2025-04-23): replacement cost email from HOI agent |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223271474 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-22): Sufficient Cure Provided At Closing |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223271480 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception. Subject property is primary which is used for [Redacted] from which the income is generated. Borrower owns and runs a state licensed care facility at his house. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The refinance has decreased the borrower's monthly debt payments by [Redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-22): Preapproved exception |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223271480 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redacted], prior to [Redacted] ([Redacted]) business days from transaction date of [Redacted] | Closing disclosure is signed on[Redacted] | Reviewer Comment (2025-04-29): Received certified closing statement reflecting disbursement date of [Redacted]. Buyer Comment (2025-04-25): Final Settlement Statement - Disbursement on [Redacted]. Please clear condition. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Home Improvement | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223271484 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Insurance Binder Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Insurance Binder Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-29): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-28): LOX, PCCD, [Redacted], Ck Copy |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223271486 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-04-29): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-04-28): BPC |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223271488 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-04-25): Received required docs. Condition cleared. Reviewer Comment (2025-04-25): Clear in error. Re- open the condition. Reviewer Comment (2025-04-25): Received Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-23): see D[Redacted] was in your file as well---please cancel/waive condition. Buyer Comment (2025-04-23): UPLOADED BUSINESS PURP CERT |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223271488 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. Buyer Comment (2025-04-23): see D[Redacted] was in your file as well---please cancel/waive condition. Buyer Comment (2025-04-23): SEE UPLOADED BUSINESS PURP CERT |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223271488 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in the file. | Reviewer Comment (2025-04-25): Received Corporate Resolution. Exception Cleared. Buyer Comment (2025-04-23): uploaded corporate resolution doc |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223271492 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for [Redacted] purchase. Borrower has owned their primary for [Redacted] years. Primary is superior as a SFR. EA letter in file to confirm landlord history. There are no other mortgages on credit or properties in the REO. Borrower will have XXXX months reserves. Borrower will be able to put down [Redacted]% of the purchase price from their own funds. The remaining funds to close will come via gifts from the, now, non-borrowing, non-title holding spouse and another family member. Exception is requested to use gift funds to cover the reserves requirement. Compensating Factors: Gift funds. Lender exception was approved with the following conditions: [Redacted]% Max LTV, [Redacted] Minimum [Redacted], Minimum [Redacted] year [Redacted], Subject to all units currently rented for the leases to be transferred to our borrower at closing | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-21): Preapproved exception |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223271496 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance document is missing in the file. | Reviewer Comment (2025-04-24): Exception Cleared, received Letter of explanation for no insurance is present for [Redacted] Buyer Comment (2025-04-23): No HOI LOX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223271579 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Dwelling is insufficient to cover the loan amount. Required Replacement Cost Estimator or updated Hazard policy. | Reviewer Comment (2025-04-25): Received RCE. Condition cleared. Buyer Comment (2025-04-24): RCE Buyer Comment (2025-04-23): Replacement cost is in the policy |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223271579 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination for "[Redacted]%+ [Redacted] and borrower has [Redacted]+ months reserves. Lender exception was approved with the following conditions: Maximum [Redacted]% LTV, Minimum [Redacted] [Redacted], Document all applicable mortgage 0x30[Redacted]X, reserve requirement to be met as within expanded UW guidelines, Provide signed/dated LOE from applicant motivation to purchase investment in NC AND how the applicant plans to manage subject at a distance - if property manager will need and evidence of contract PTC, minimum [Redacted]year PP or as applicable per state re[Redacted]ictions, The Loan is currently in [Redacted] F-Best-efforts Signs Platinum Investor Cash Flow and will need to be switched to Signature Expanded Program | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | SitusAMC | Reviewer Comment (2025-04-21): Preapproved exception |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223273148 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is missing in file. | Reviewer Comment (2025-04-25): Received required documentation. Condition cleared. Buyer Comment (2025-04-23): See attached |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223273148 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-19): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-16): [Redacted] using lower market rents (per operating income statement @ $[Redacted]/mo) whereas [Redacted] qualified with long term lease and evidence of most recent ([Redacted]) mos receipt @ $[Redacted]/mo. (*per [Redacted] guides, this is allowable per sec [Redacted] page [Redacted].) - **All docs in file to support using higher rents and meeting guideline requirements. - *Also, please update HOA dues per current HOA dues statement in file, showing [Redacted] increase from $[Redacted] in [Redacted] to $[Redacted] in [Redacted]. - *Once both have been updated/corrected, [Redacted] should align @ [Redacted]. Thank you. |
05/19/2025 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223279657 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-04-25): Received E-sign Consent Agreement document, information validated. Exception Cleared. Buyer Comment (2025-04-23): Esign agreement |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223279657 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted]OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-28): Replacement Cost Estimator received and verified. Exception cleared Buyer Comment (2025-04-24): See RCE |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223279723 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Bylaws is missing in file. | Reviewer Comment (2025-04-28): Received Bylaws. Exception cleared. Buyer Comment (2025-04-25): Bylaws |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223279723 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Available Certificate of Good Standing document is more than 60 days prior to the note date. | Reviewer Comment (2025-04-29): Received Certificate of Good Standing which is within [Redacted] days of note date. Exception cleared. Buyer Comment (2025-04-28): Please see pg [Redacted] showing it was given less than [Redacted] days of closing Reviewer Comment (2025-04-28): Provided Bylaws cannot be used in lieu of Certificate of Good Standing. Provided good standing in the initial package is more than [Redacted] days prior to note date. Certificate of Good Standing from the Applicable Sec of State Office, dated within [Redacted] days of the note date is required. Exception remains. Buyer Comment (2025-04-25): Bylaws Buyer Comment (2025-04-25): Please see D[Redacted] pg [Redacted] for Cert of good standing. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223280593 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Policy amount is less than the loan amount. | Reviewer Comment (2025-04-25): Exception Cleared, updated Title Preliminary Policy is received. Buyer Comment (2025-04-24): uploaded updated loan policy amount on title work |
04/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TN | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223280593 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided. | Reviewer Comment (2025-04-18): Sufficient Cure Provided At Closing |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223280593 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2025-04-28): Flood Certificate received. Exception Cleared. Buyer Comment (2025-04-25): uploaded flood cert Reviewer Comment (2025-04-25): Exception remains, mentioned document Flood determination does not specify flood zone and Certificate Number, please provide Flood Certificate. Buyer Comment (2025-04-23): see D[Redacted] flood determination |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223280879 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-04-24): Received Articles of Organization/Formation. Exception cleared. Buyer Comment (2025-04-23): AOO |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223280879 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file. | Reviewer Comment (2025-04-24): Received Certificate of Good Standing. Exception cleared. Buyer Comment (2025-04-23): COGS |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223280879 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in file. | Reviewer Comment (2025-04-24): Received Corporate Resolution. Exception cleared. Buyer Comment (2025-04-23): Resolution |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223280879 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-04-24): Received Operating Agreement. Exception cleared. Buyer Comment (2025-04-23): Op Agreement |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223280879 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rate Lock is missing in file. | Reviewer Comment (2025-04-24): Received Initial Rate Lock. Exception cleared. Buyer Comment (2025-04-23): Rate Lock |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | D | A | IL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223280879 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient. Require verification of policy with sufficient coverage OR copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-24): Received replacement estimator cost. Coverage amount covers loan amount. Exception cleared Buyer Comment (2025-04-23): RCE |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223280884 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: ACH Verification not provided | ACH Verification is missing in file. | Reviewer Comment (2025-04-25): Received signed ACH. Exception cleared. Buyer Comment (2025-04-23): ACH Form |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223280884 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rate Lock is missing in file. | Reviewer Comment (2025-04-25): Received Initial [Redacted] Rate Lock. Exception cleared. Buyer Comment (2025-04-23): Initial Rate Lock |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223280884 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Form [Redacted] is missing in file. | Reviewer Comment (2025-05-01): Provided executed Form W-8BEN. Exception cleared. Buyer Comment (2025-04-29): W8BEN |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223280884 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for B1 has good credit FICO [Redacted] with [Redacted]+ yrs depth. B1 own primary with mortgage history for this foreign national not et in file. B1 will have [Redacted]reserves + with proceeds of loan. Using [Redacted] short term Sotheby's (subject property rental management company) rental agreements in file from [Redacted] to [Redacted]totaling $[Redacted]/[Redacted] months = $[Redacted]short term rental income to yielding .[Redacted]. Lender exception was approved with the following conditions: Minimum .[Redacted], Max [Redacted]LTV, [Redacted] .[Redacted]LLPA the rate sheet Minimum [Redacted]Year [Redacted] | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-22): Client elects to waive with compensating factors. |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223280887 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-01): Received business purpose certificate. Exception cleared. Buyer Comment (2025-04-30): Business purpose cert. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223283476 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2025-05-19): Cleared. Received updated 1008 in trailing docs. Buyer Comment (2025-05-16): updated 1008 Buyer Comment (2025-05-16): [Redacted] aligns with [Redacted] |
05/19/2025 | 1 | A | A | A | A | A | NC | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223283479 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-22): Sufficient Cure Provided At Closing |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Investment | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | Yes | ||||||||||
| 223283502 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted]) business days prior to closing. | Closing Disclosure signed on [Redacted] which is not within [Redacted] ([Redacted]) business days prior to closing. | Reviewer Comment (2025-04-24): [Redacted] received disclosure summary. Buyer Comment (2025-04-23): ICD |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223283502 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | LES provided which is within [Redacted] days prior to the note date. | Reviewer Comment (2025-04-24): Verbal verification of employment is provided. Exception Cleared. Buyer Comment (2025-04-23): Original VOE |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223283502 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [Redacted] business days of the Note. | - | LES provided which is within [Redacted] days prior to the note date. | Reviewer Comment (2025-04-24): Verbal verification of employment is provided. Exception Cleared. Buyer Comment (2025-04-23): Final VOE |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223283505 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Citizenship Source Documentation was not provided | - | Proof for non permanent resident alien is missing | Reviewer Comment (2025-04-30): Received updated 1003 with correct citizenship. Exception cleared. Buyer Comment (2025-04-28): borrower is a [Redacted] Citizen--corrected 1003 uploaded |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223283505 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | Reviewer Comment (2025-04-30): Received updated 1003 with correct Section 5b. F. question with lender correspondence. Exception cleared. Buyer Comment (2025-04-28): processor cert and updated 1003 uploaded |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223283506 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to QM failure. Calculated residual income is -[Redacted], per guideline minimum required is $[Redacted]This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2025-05-13): Received addl assets. condition cleared. Buyer Comment (2025-05-09): updated asset and residual docs Reviewer Comment (2025-04-30): Updated Asset qualifier and residual income worksheets is required as per the latest balance of bank statements A/C #[Redacted] with balance $[Redacted], A/C #[Redacted] with balance $[Redacted], A/C #[Redacted] with balance [Redacted]. Exception remains. Buyer Comment (2025-04-29): Please see income worksheets uploaded |
05/13/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223283506 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay - Residual Income: Investor and Non QM vs Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Investor's calculated residual income amount (-[Redacted]) and calculated Non QM residual amount (-[Redacted]) are both lower than the amount required per the guidelines ([Redacted]). | Calculated residual income is -[Redacted], per guideline minimum required is $[Redacted] | Reviewer Comment (2025-05-13): Received addl assets. condition cleared. Reviewer Comment (2025-05-01): Updated Asset qualifier and residual income worksheets is required as per the latest balance of bank statements A/C #[Redacted] with balance $[Redacted], A/C #[Redacted]with balance $[Redacted], A/C #[Redacted] with balance [Redacted]. Exception remains. Buyer Comment (2025-04-29): See Uploads |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223283506 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Investor Qualifying Residual income discrepancy. | Calculated investor qualifying disposable income of $-[Redacted]is less than AUS required disposable income of $[Redacted]. Please provide UW income calculation or supporting do to verify a positive disposable income. | Reviewer Comment (2025-05-13): Received addl assets. condition cleared. Reviewer Comment (2025-05-01): Updated Asset qualifier and residual income worksheets is required as per the latest balance of bank statements A/C #[Redacted] with balance $[Redacted], A/C #[Redacted] with balance $[Redacted], A/C #[Redacted] with balance [Redacted]. Exception remains. Buyer Comment (2025-04-29): See Uploads |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223283506 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Reviewer Comment (2025-05-13): Received addl assets. condition cleared. Reviewer Comment (2025-04-30): Updated Asset qualifier and residual income worksheets is required as per the latest balance of bank statements A/C #[Redacted] with balance $[Redacted], A/C #[Redacted] with balance $[Redacted], A/C #[Redacted] with balance [Redacted]. Exception remains. Buyer Comment (2025-04-29): Asset qualifier and residual income worksheets |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223283506 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for using business account for asset utilization income. | Borrower has verified disposable income of at least $[Redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Documentation Type: [Redacted] Disposable Income: $[Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. |
05/13/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 223283507 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-13): [Redacted] received LOA. Reviewer Comment (2025-05-09): Exception escalated. If lender actual issue dates match to the date/time stamp as the bottom of the LE's, then lender should provide a written lender attestation letter, being specific in the identification of the disclosures by referencing the date/time stamp, that issue date was created in error and what measures they have in place to prevent in future ALONG with the noted disclosure tracking summary that supports those issue dates, then we can revise the issue dates accordingly. Reviewer Comment (2025-04-29): [Redacted] received COC dated[Redacted] however the fee increased on LE dated [Redacted] for $[Redacted]. Kindly provide a valid for the fee increased or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-28): See Uploads |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223283507 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Re-Inspection Fee was not on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-13): [Redacted] received LOA. Reviewer Comment (2025-04-29): [Redacted] received COC dated [Redacted] however the fee were charged on LE dated [Redacted] for $[Redacted].Kindly provide a valid COC for the fee added on LE dated [Redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-28): See Uploads |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223283507 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Minimum FICO score is [Redacted]. however as per the Credit report middle FICO is [Redacted]. As per the 1008 Exception granted for [Redacted]FICO has been mentioned. There is no Exception approved form in the file. Please provide lender approved exception or updated credit report with score reflected on approval and 1008. | Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Documentation Type: [Redacted]yr Full Doc Disposable Income: $[Redacted] Loan to Value: [Redacted]% Guideline Maximum Loan to Value: [Redacted]% DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-29): Client elects to waive with compensating factors. Buyer Comment (2025-04-25): Credit Exception |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NH | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| 223283507 | [Redacted] | [Redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than [Redacted] years, and prior employment history was not documented as required. | - | Less than [Redacted]year job history provided for the co-borrower. | Reviewer Comment (2025-05-13): Received required documentation. Condition cleared. Buyer Comment (2025-05-12): Docs |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223283789 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TILA | TILA - Impermissible Prepayment Penalty | Truth in Lending Act (Dodd-Frank [Redacted]): Covered transaction contains impermissible prepayment penalty. | Reviewer Comment (2025-04-25): Received Business Purpose Certificate, information validated. Exception Cleared. Buyer Comment (2025-04-24): Please see attached, loan is for business purpose |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223284001 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Amount Financed disclosed is $[Redacted]. Calculated Amount Financed of $[Redacted]. Variance of $[Redacted]. Based on the review discrepancy occurred due to addition of Title-service charges. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-04-30): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-04-29): PCCD |
04/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223284001 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted]. Variance of $[Redacted]. Based on the review discrepancy occurred due to addition of Title-service charges. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-04-30): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. |
04/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223284264 | [Redacted] | [Redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Reviewer Comment (2025-04-30): Received Hazard Insurance Policy Effective Date [Redacted]. Exception Cleared. Buyer Comment (2025-04-28): Please see attached |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223288452 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is doing a cash out refinance of investment property. Paying off private mortgage and mechanic' lien on subject. B/C paying off mechanic's lien loan program had to switch from rate/term to cash out. No cash is given to borrower. Will need to come to closing with money. Branch requesting an [Redacted]% LTV when max is [Redacted]%. Unable to downgrade/waive due to lender exception approval indicated the appraiser was to comment that the subject was tenant occupied. The appraisals in the file all indicate vacant. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-02): Client elects to waive with compensating factors. Buyer Comment (2025-04-30): APPRAISAL |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223288452 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | Per lender exception and write up, a mechanics lien was to be paid off at closing making loan a cash out transaction. The lien was not paid off at closing and the lien remains on title. | Reviewer Comment (2025-05-02): Received required documentation. Condition cleared. Buyer Comment (2025-04-30): Check Buyer Comment (2025-04-30): CD |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower requesting exception to waive [Redacted] alternative trade lines. Borrower lives rent free and has two trade lines on credit and two alternative trade lines instead of[Redacted] as required. Unable to downgrade/waive due to insufficient reserves. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Documentation Type: [Redacted]yr Full Doc Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-08): Client elects to waive with compensating factors. Buyer Comment (2025-05-06): exception and comp factors for reserves |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | D | B | C | B | C | A | D | A | Non QM | Non QM | No | ||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXXX | Secondary valuation is not provided. | Reviewer Comment (2025-05-08): Received required documentation. Condition cleared. Buyer Comment (2025-05-06): Please see attached Reviewer Comment (2025-05-01): This exception is a securitization issue not a fee issue. [Redacted] is unable to clear without a secondary valuation Buyer Comment (2025-04-29): CD does state this however no secondary valuation was ordered, and this was to be removed at closing. Please review and restip accordingly. Reviewer Comment (2025-04-29): Final CD and Closing Statement reflects appraisal review fee to [Redacted], Exception remains. Buyer Comment (2025-04-25): Please note there is no secondary valuation, fee was to be removed at closing. |
05/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | IL | Primary | Purchase | D | B | C | B | C | A | D | A | Non QM | Non QM | No | |||||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Desk Review not provided | Appraisal review fee is collected from borrower however secondary valuation is not provided. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Documentation Type: [Redacted]yr Full Doc Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-08): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): Please see attached Reviewer Comment (2025-05-01): File will require a corrected closing disclosure along with all other cure documents. Reviewer Comment (2025-04-29): Final CD and Closing Statement reflects appraisal review fee to [Redacted], Exception remains. Buyer Comment (2025-04-25): Please note there is no secondary valuation, fee was to be removed at closing. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | D | B | C | B | C | A | D | A | Non QM | Non QM | No | ||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-22): Sufficient Cure Provided At Closing |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Purchase | Final CD evidences Cure | D | B | C | B | C | A | D | A | Non QM | Non QM | Yes | ||||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Total funds to close are $[Redacted]which includes funds to close, gift funds, [Redacted]and prepaids. Available for closing $[Redacted].[Redacted] which includes EMD, gift funds and account with Chase. Borrower is short funds for reserves. | Reviewer Comment (2025-05-08): Lender exception for reserves. Exception set. This condition is cleared. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | D | B | C | B | C | A | D | A | Non QM | Non QM | No | |||||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-05-08): Received required documentation. Condition cleared. |
05/08/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | D | B | C | B | C | A | D | A | Non QM | Non QM | Yes | ||||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | Failure due to short funds for reserves. | Reviewer Comment (2025-05-08): Received required documentation. Condition cleared. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | D | B | C | B | C | A | D | A | Non QM | Non QM | No | ||||||||||
| 223288453 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for [Redacted] months reserves vs [Redacted] months. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Documentation Type: [Redacted]yr Full Doc Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-08): Client elects to waive with compensating factors. |
05/08/2025 | 2 | B | B | B | B | B | IL | Primary | Purchase | D | B | C | B | C | A | D | A | Non QM | Non QM | No | |||||||||||||
| 223288457 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXXX | Reviewer Comment (2025-05-02): Cleared. Received Secondary valuation Buyer Comment (2025-04-30): CDA |
05/02/2025 | 1 | D | A | D | A | D | A | D | A | D | A | OH | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 223288458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal fee was disclosed on initial Loan estimate as $[Redacted]but disclosed but final Closing Disclosure $[Redacted]. File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2025-05-07): [Redacted] received COC and appraisal transfer letter. Buyer Comment (2025-05-06): coc details and supporting docs upld |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223288459 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee increased to $[Redacted]without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-28): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-24): Rebuttal |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223288459 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-28): Sufficient Cure Provided At Closing |
04/28/2025 | 1 | A | A | A | A | A | MA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223288461 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | E-Sign Consent Agreement received with dated [Redacted] after E-Singed Loan Estimate [Redacted]. | Reviewer Comment (2025-04-29): [Redacted] received e-consent dated [Redacted] Buyer Comment (2025-04-28): date signed E consent |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223288463 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is requested to use new lease/rent which is higher than market rent. Lease after application does not have [Redacted] full months rent documented. Borrower is doing a rate/term refinance of investment property, DSC- paying off hard money private loan. Markets rents are $[Redacted]00 and lease is $[Redacted]. Current lease started after application date and is also a part of section [Redacted] housing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | SitusAMC | Reviewer Comment (2025-04-22): Preapproved exception |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223288463 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lease agreement is already in the file, require [Redacted] months verification of rent for borrower's primary housing. | Reviewer Comment (2025-04-29): Bank statement in file for the month of [Redacted] shows withdrawal of $[Redacted] as the borrower has paid the entire annual lease amount. Exception cleared. Buyer Comment (2025-04-25): Please cancel condition - Per the lease agreement in file (D[Redacted] ), page [Redacted], section [Redacted] - the borrower paid the entire annual lease lump sum of $[Redacted] before occupying the property on [Redacted]. The borrower's [Redacted] statement in file (D[Redacted]) from [Redacted] shows the $[Redacted]withdrawal (+ a $[Redacted]fee) on [Redacted], as seen on page [Redacted] of [Redacted] ( / [Redacted]) of the statement. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223288463 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-19): Updated information. Condition cleared. Buyer Comment (2025-05-16): Per exception approval in file, OK to use higher new lease rents (Sec [Redacted]) vs lower market rents from appraisal. [Redacted] acknowledged exception but didn't use correct rents to calc [Redacted]. (*used $[Redacted]/mo vs $[Redacted]/mo) - Once updated to qualify based on rents of $[Redacted] /mo, [Redacted] should align @ [Redacted]. Thank you. |
05/19/2025 | 1 | A | A | A | A | A | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| 223288480 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial Cross Country Rate Lock is missing in the file. | Reviewer Comment (2025-04-29): Received Initial Cross Country Rate Lock. Exception cleared. Buyer Comment (2025-04-28): initial lock upld |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223288480 | [Redacted] | [Redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Refinance transaction without a Lease In Place. | Lender is using a lower rent for unit [Redacted]of $[Redacted], however the file is missing the current lease for this unit. Please provide the current lease for unit [Redacted]. | Reviewer Comment (2025-04-30): Updated information provided. Condition cleared. Buyer Comment (2025-04-28): invalid cond, please waive, rental agreement reflecting $[Redacted]was provided in initial loan file, d[Redacted] |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223288481 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification, Tax Verification. | Reviewer Comment (2025-04-30): Letter of explanation received confirming not responsible for any payment. Exception Cleared. Buyer Comment (2025-04-28): Rebut and support docs |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223290084 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing[Redacted] | Final [Redacted]is incomplete missing pages [Redacted] and missing borrower signature page. | Reviewer Comment (2025-04-28): Complete Final 1003 Received, Exception Cleared. Buyer Comment (2025-04-25): Complete Final 1003. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223290091 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for [Redacted]minimum for mixed use properties = [Redacted]. Compensating factors included : LTV less than max allowed; borrower owns primary and has lived there for the last [Redacted]yrs; FICO above [Redacted]; borrower has [Redacted]months reserves above and beyond what is required ($[Redacted]) - using cash back. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-27): Client elects to waive with comp factors. Reviewer Comment (2025-04-22): Client elected to waive exceptions with compensating factors. |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223290091 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-24): Received Title Commitment first page with the coverage amount in the file. Exception Cleared. Buyer Comment (2025-04-23): Schedule [Redacted] Certification |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223290137 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Discount Points Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-30): [Redacted] received valid COC dated [Redacted] Buyer Comment (2025-04-29): Attached is the COC reason regarding the reason why the discount points increased. The revised COC LE sent on [Redacted], included a detailed explanation of the change and met the disclosure requirements. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223290137 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception has been raised for branch request to waive tradeline requirements or allow alt credit for borrower that does not even have one open account. Pre branch Our borrower does have housing payment history showing on her credit report but has no need for revolving credit at this since she sold her home. We will be moving forward with obtaining verification for her current housing expense as well as two additional tradelines Compensating Factors: 1. Loan to value [Redacted]% or more under requirement. 2. FICO [Redacted]points or more above requirement 3. Reserves [Redacted]+ months more than requirement 4.Residual Income $[Redacted]or more Residual Income of $[Redacted]Met; liabilities are $[Redacted]. |
Reviewer Comment (2025-04-29): Per lender rebuttal, exception not required. Buyer Comment (2025-04-25): This exception request should not have been in the file. It was cancelled. Exception not needed. Borrower has [Redacted] credit scores. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223290137 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-04-30): Client elects to waive without compensating factors. Reviewer Comment (2025-04-29): Appraisal was provided to borrower after close. Appraisal was not provided at or before closing. Exception remains. Buyer Comment (2025-04-28): Borrower signed appraisal timing waiver. See D[Redacted]. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223294080 | [Redacted] | [Redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The homeowner's insurance declarations page in the file verified an effective date of [Redacted] which is after the consummation date of [Redacted]. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2025-05-01): Hazard Insurance Policy received. Details verified and updated. Exception cleared. Buyer Comment (2025-04-30): HOI |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223294085 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form [Redacted] was not provided. | - | [Redacted]is missing in the file. | Reviewer Comment (2025-05-28): Received 442 which shows improvements have been completed. Exception cleared Buyer Comment (2025-05-27): 1004 Reviewer Comment (2025-04-28): Provided appraisal was already a part of initial package. Require Form 1004D/442- Certificate of completion. Exception Remains. Buyer Comment (2025-04-24): Appraisal |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Investment | Purchase | C | A | A | A | C | A | N/A | No | |||||||||||||
| 223294086 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | AUS Findings: Investor qualifying total debt ratio discrepancy. | LP value is rounded off to [Redacted]% which is[Redacted]% less than qualifying DTI. | Reviewer Comment (2025-04-30): As per response all debts and income match "LPA rounding is common", DTI is re-validated. Exception Cleared. Buyer Comment (2025-04-28): Please re-review LT against LPA findings. All debts and income match. LPA rounding is common. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223294086 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] value is rounded off to [Redacted]% which is [Redacted]% less than qualifying DTI. | Reviewer Comment (2025-04-30): As per response all debts and income match "LPA rounding is common", DTI is re-validated. Exception Cleared. Buyer Comment (2025-04-29): Please re-review LT against LPA findings. All debts and income match. LPA rounding is common. |
04/30/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Second Home | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223294086 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | LP value is rounded off to [Redacted]% which is [Redacted]% less than qualifying DTI. | Reviewer Comment (2025-04-30): As per response all debts and income match "LPA rounding is common", DTI is re-validated. Exception Cleared. Buyer Comment (2025-04-29): Please re-review LT against LPA findings. All debts and income match. LPA rounding is common. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294086 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted]of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | LP value is rounded off to [Redacted]% which is [Redacted]% less than qualifying DTI. | Reviewer Comment (2025-04-30): As per response all debts and income match "LPA rounding is common", DTI is re-validated. Exception Cleared. Buyer Comment (2025-04-29): Please re-review LT against LPA findings. All debts and income match. LPA rounding is common. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294088 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $[Redacted]on the Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a Valid change of circumstance for this fee, nor evidence of cure in file. | Reviewer Comment (2025-05-01): [Redacted] received updated CD and valid Changed circumstance. Buyer Comment (2025-04-30): [Redacted] cd/tracking upld Reviewer Comment (2025-04-30): [Redacted] received changed circumstance dated [Redacted], but a corresponding LE/CD was not provided. Please provide LE/CD for further analysis. Buyer Comment (2025-04-29): coc and supporting docs upld for points increase. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223294088 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted]on the Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a Valid change of circumstance for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-30): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-29): invalid cond, please waive, increase was cured at closing, see final cd sect j. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223294088 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223294089 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Source for Earnest Money Deposit is required to meet reserve requirement. | Reviewer Comment (2025-05-15): Lender exception updated to allow [Redacted] months reserves. Condition cleared. Buyer Comment (2025-05-15): except aprvl-reserves upld Reviewer Comment (2025-04-29): Unable to clear. Updated EMD to sourced funds however reserves of [Redacted] months is less than the guideline requirement of [Redacted] months ([Redacted] months plus additional [Redacted] months required for [Redacted] less than [Redacted]) Reviewer Comment (2025-04-29): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. Buyer Comment (2025-04-29): deposit receipt and transaction detail upld, bank statement was provided in loan file, trailing docs d[Redacted] |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223294089 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender request exception Borrower is non-perm resident alien with deferred action status per [Redacted]code [Redacted](not addressed on guidelines). [Redacted]FICO is over [Redacted]higher than minimum [Redacted]required. Good credit history. [Redacted]mtgs reporting on credit are paid[Redacted]. Requesting [Redacted]% LTV similar to max LTV for [Redacted]. Borrower owns [Redacted]properties including prim res which he has been living in for [Redacted]+ yrs. Compensating factors Long Term Home Ownership (> years) and FICO Points or more above requirement. Lender exception was approved with following conditions: [Redacted]% LTV Max, Minimum [Redacted] .[Redacted], Minimum [Redacted]year [Redacted], Immigration attorney letter detailing the current case status confirming no adverse action has been taken, subject to meeting all other voltage guideline requirement. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elects to waive with compensating factors. Buyer Comment (2025-05-15): except aprvl-reserves upld to trl docs Reviewer Comment (2025-04-29): Unable to downgrade/waive due to not meeting guideline requirement for reserves. Buyer Comment (2025-04-25): Please advise what is needed to cure this exception or if it is simply informational. |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223294091 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to addition of notary fee $[Redacted]. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-02): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-01): uploaded lox pccd label and cure check |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294092 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: [Redacted]not provided | [Redacted]search for borrowing business entity is missing. | Reviewer Comment (2025-04-24): Received OFAC search for borrowing business entity. Exception Cleared. Buyer Comment (2025-04-23): OFAC |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223294098 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | File is missing the initial [Redacted] Rate Lock as required by the client's guidance. | Reviewer Comment (2025-04-25): Received initial [Redacted] Rate Lock. Exception Cleared. Buyer Comment (2025-04-24): Lock forms |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223294108 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Require Title supplement or Title Commitment with corrected policy amount. | Reviewer Comment (2025-04-30): Received Title Commitment. Exception Cleared. Buyer Comment (2025-04-28): pre lim Title policy with amount |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223294108 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Only one month bank statement provided. As per the guidelines require additional one month statement. | Reviewer Comment (2025-04-28): Cleared. Received additional bank statement. Buyer Comment (2025-04-24): Assets statement [Redacted] months |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223294110 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-04-29): Received Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-04-28): cert upld |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223294116 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is requesting an exception for [Redacted]. Borrower has been self-employed for [Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-29): Client elects to waive with comp factors. Buyer Comment (2025-04-28): Exception was granted and in file, please cancel |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223294116 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Available assets insufficient to cover PITIA months reserve of [Redacted] | Reviewer Comment (2025-05-04): Cleared. Source for EMD is located in the file. Buyer Comment (2025-05-01): The EM is reflected in the [Redacted] account statement for [Redacted]- please refer to the "outgoing wire" on [Redacted] for $[Redacted]. This date and amount $[Redacted](+$[Redacted]wire fee) matches the receipt in file. Reviewer Comment (2025-05-01): The calculated PITIA months reserves of [Redacted] is less than guideline requirement of [Redacted] months. The source for $[Redacted] EMD is not located in the file and has not been included in available assets at this time. Reviewer Comment (2025-05-01): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted]is less than Guideline PITIA months reserves of [Redacted]. Buyer Comment (2025-04-29): see uploaded rebuttal |
05/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223294116 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Evidence of appraisal receipt not provided. | Reviewer Comment (2025-04-29): Appraisal delivery confirmation document received, Exception Cleared. Buyer Comment (2025-04-28): proof of appraisal delivery |
04/29/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294116 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan is missing [Redacted]income information | Reviewer Comment (2025-05-04): Received updated asset to verify sufficient reserves. Buyer Comment (2025-05-01): The EM is reflected in the [Redacted] account statement for [Redacted]- please refer to the "outgoing wire" on [Redacted] for $[Redacted]. This date and amount $[Redacted](+$[Redacted]wire fee) matches the receipt in file Reviewer Comment (2025-05-01): Exception is related to the reserve requirment not met. Buyer Comment (2025-04-29): see uploaded rebuttal |
05/04/2025 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223294116 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | The loan was approved with an Originator Loan Designation of Non QM, but the file is missing required asset documentation causing the loan to [Redacted] through the QM testing. | Reviewer Comment (2025-05-04): Received updated asset to verify sufficient reserves. Buyer Comment (2025-05-01): The EM is reflected in the [Redacted] account statement for [Redacted] - please refer to the "outgoing wire" on [Redacted] for $[Redacted]. This date and amount $[Redacted](+$[Redacted] wire fee) matches the receipt in file. Reviewer Comment (2025-05-01): Waterfall exception is related to the reserve requirment not met. Buyer Comment (2025-04-29): see uploaded rebuttal |
05/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294117 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title does not have policy amount, and the Final Title policy is missing. | Reviewer Comment (2025-04-29): Received Updated Title Commitment Report with correct amount $[Redacted]. Exception cleared. Buyer Comment (2025-04-28): Title |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223294117 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Initial Loan Estimate dated [Redacted]was electronically provided without or prior to borrower's consent to receive electronic disclosures, E-Sign consent received with date [Redacted]. | Reviewer Comment (2025-04-28): [Redacted] received updated compliance report with eConsent accepted by borrower on [Redacted] Buyer Comment (2025-04-24): Esign docs |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294117 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2025-05-16): Condition cleared. Buyer Comment (2025-05-15): [Redacted] aligns with [Redacted] |
05/16/2025 | 1 | A | A | A | A | A | CO | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223294119 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank [Redacted]): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. | Received [Redacted]and [Redacted]-S for [Redacted]; however, for the recent year [Redacted]we have not received any documents. | Reviewer Comment (2025-05-02): Client elects to waive. Buyer Comment (2025-05-01): [Redacted] 1120 & 1040 returns and revised supporting docs upld to trl docs. Buyer Comment (2025-05-01): [Redacted] 1120 & 1040 returns and revised supporting docs upld. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223294119 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-04-30): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Reviewer Comment (2025-04-28): [Redacted] : Cure provided at closing is insufficient to cure for all the citing [Redacted]% exception. We will clear the exception once we received resolution on other [Redacted]% tolerance exception citing. Exception remains. Buyer Comment (2025-04-25): please waive, this was cured at closing on the final CD, we are still reviewing the title fees and will advise. |
04/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294119 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Settlement / Closing / Escrow Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-09): [Redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-05-08): pccd docs[Redacted] upld Reviewer Comment (2025-05-06): [Redacted] Received Cure Docs for $[Redacted]; however, overall cure required is $[Redacted]. Provide Cure Docs for additional Cure of $[Redacted]. Cure Docs Consists of PCCD, LOE, Refund Check and Proof of Mailing. Buyer Comment (2025-05-05): pccd docs with cure and proof of mailing upld. Reviewer Comment (2025-04-28): [Redacted]: The inclusion of a fee within Section [Redacted] of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title - Settlement fee was included in section [Redacted] of the most recent LE, the consumer was not allowed to shop, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. |
05/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294119 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Lender's Title Insurance was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-09): [Redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-05-08): pccd docs[Redacted] upld to trl docs Reviewer Comment (2025-05-06): [Redacted] Received Cure Docs for $[Redacted] ; however, overall cure required is $[Redacted]. Provide Cure Docs for additional Cure of $[Redacted]. Cure Docs Consists of PCCD, LOE, Refund Check and Proof of Mailing. Buyer Comment (2025-05-05): pccd docs with cure and proof of mailing upld.to trl docs Reviewer Comment (2025-05-02): [Redacted] received ALTA final SS to show credit of $[Redacted] for lender adjustment. Please provide remaining cure of $[Redacted]. Buyer Comment (2025-04-30): final ss upld, will provide pccd. copy of cure ck $[Redacted] and proof sent to bwr as soon as we have the check. Reviewer Comment (2025-04-30): [Redacted] received rebuttal. Please provide ALTA final SS to verify the adjustment and remaining cure of $[Redacted] can be provided once verified. Buyer Comment (2025-04-29): Please update the cure amount required for this condition. There was an adjustment of $[Redacted] given on page [Redacted] for lenders title ins. Balance of cure needed is $[Redacted] We have requested a cure of $[Redacted] ($[Redacted]lenders title + $[Redacted] title/closing/escrow fee). The $[Redacted] aprsl increase was already cured at close. Reviewer Comment (2025-04-28): [Redacted]: The inclusion of a fee within Section [Redacted] of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title - Lender's title insurance fee was included in section [Redacted] of the most recent LE, the consumer was not allowed to shop, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. |
05/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294123 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Loan Estimate not delivered to Borrower(s) within ([Redacted]) business days of application | Reviewer Comment (2025-05-01): [Redacted] received e-consent dated [Redacted] Buyer Comment (2025-04-30): ILE |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294123 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Documentation. Cannot provide rent free letter. Borrower previously owned primary res over [Redacted]years, the property was sold in [Redacted] and borrower is purchasing new primary . In the interim she is residing with a [Redacted] but for personal security reasons does not want to ask him to provide a rent free letter. FICO is [Redacted]point above min [Redacted]required; LTV is [Redacted]% below [Redacted]% max. Borrower is applying off [Redacted]installment loan at closing and will have [Redacted]outstanding for consumer debt ( backend dti reflected above is based on IF borrower decides they do not want to pay the account off). Borrower has a greater than [Redacted]months reserves, [Redacted]% of funds for transaction are borrower funds in Savings and from proceeds from sales of prior res n=and on deposit in checking . Borrower is a [Redacted]Realtor and receives annuity payments guaranteed for just over [Redacted]years. Removed annuity from income and add Passive Asset utilization based on the checking /savings assets; she has [Redacted]years credit depth with no derog reported. DV shows a prior foreclosure seasoned greater than [Redacted]years; prior res mtg open [Redacted]months paid as agreed on I/a $[Redacted]. I would like to note that if the borrower were currently renting VOR would not be required but as guides do not appears to apply this same lift to living rent free, branch was told an exception is required. |
Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Preapproved exception |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223294127 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | The file is missing documentation verifying the borrowers received a copy of the appraisal within [Redacted]business days of closing. | Reviewer Comment (2025-04-25): Client elects to waive. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223294127 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | . | Reviewer Comment (2025-04-29): Revalidated the date of Notice of Special Flood Hazard Disclosure. Exception cleared. Buyer Comment (2025-04-28): invalid cond, please waive, signed flood notice provided initial file d[Redacted] |
04/29/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223294141 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower requested exception for: Debt Ratio Borrowers have stable employment, and we have investment property income we are not using on [Redacted]rental property in addition to [Redacted]second job income not being used as we are just under [Redacted]months requirement. Exception has-been approved with compensating factor: FICO [Redacted]points or more above requirement. Residual Income $[Redacted]or more Minimal Consumer debt. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Preapproved exception |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | Exempt from ATR | No | |||||||||
| 223294141 | [Redacted] | [Redacted] | XXXX | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Appraisal not provided in file. | Reviewer Comment (2025-04-29): Received Appraisal Report. Exception cleared. Buyer Comment (2025-04-28): aprsl upld |
04/29/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 223294141 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: [Redacted] | Appraisal not provided for subject property. | Reviewer Comment (2025-04-29): Received Appraisal Report. Exception cleared. Buyer Comment (2025-04-28): aprsl upld |
04/29/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 223294141 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request to allow a [Redacted]% CLTV on this missed use property. Per [Redacted], missed use [Redacted] is [Redacted]% CLTV on a refinance. Borrowers have stable employment, and we have investment property income we are not using on [Redacted]rental property in addition to [Redacted]second job income not being used as we are just under [Redacted]months requirement. Exception has-been approved with compensating factor: FICO [Redacted]points or more above requirement. Residual Income $[Redacted]or more Minimal Consumer debt. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Preapproved exception |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | Exempt from ATR | No | |||||||||
| 223294141 | [Redacted] | [Redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Aged document: Primary Valuation is older than guidelines permit | - | Appraisal Report dated [Redacted] is more than [Redacted]days prior to the Note Date [Redacted]. Updated Appraisal [Redacted] is required to meet the guideline requirement. | Reviewer Comment (2025-04-30): Report date updated as per 1004D/442. Exception cleared. Buyer Comment (2025-04-29): 1004d is in trailing docs d[Redacted], please review and waive this condition. |
04/30/2025 | 1 | A | A | A | A | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||||
| 223294141 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2025-05-23): Lender concurs. Condition cleared. Buyer Comment (2025-05-21): Thank you for the added info - [Redacted] now aligns with [Redacted] Buyer Comment (2025-05-21): 1008 Reviewer Comment (2025-05-20): Subject property: [Redacted] leases $[Redacted]x [Redacted]% = $[Redacted]- $[Redacted]= -$[Redacted] [Redacted]: no rent used. PITI $[Redacted] Buyer Comment (2025-05-19): Please provide a breakdown of the REO debt calculation. We match the PR PITI and the credit debt but appear to be off on the REO. Thank you |
05/23/2025 | 1 | A | A | A | A | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223294147 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Spousal Consent Form is missing in file. | Reviewer Comment (2025-04-29): Spousal consent is not required. Exception cleared. Buyer Comment (2025-04-25): invalid cond, please waive, spousal consent not required on [Redacted] property. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223294147 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for rural investment property. Exception request for eligibility of subject property. The subject is a [Redacted] SFR located in a rural area with [Redacted]acres, co op water and septic sewer. The subject has no zoning, but the appraiser confirmed that the subject correctly could be rebuilt if destroyed. the appraiser has provided a couple of sales that are similar to and/or bracketing of the subject's site size to demonstrate marketability. The branch is utilizing a transferred appraisal, so the commentary we have is likely the only commentary we will be able to get. That said, there is no explicit commentary confirm the rural designation does no have any marketability impact; however, the report is very thorough and there does not appear to be any adverse impact. The required CDA is on file and satisfactory. Borrower is requesting an exception for [Redacted]<[Redacted]with no landlord history. Borrower is a first time investor and [Redacted] is [Redacted]transferred appraisal had low rent. ROV was ordered and rent was increased-using ROV to qualify. Owns current primary for [Redacted]years F&C - No mtg history on credit. Credit history for [Redacted]years with no late payments assets - $[Redacted]leaving $[Redacted]- [Redacted]months for reserves. Cash out $[Redacted]-[Redacted]months for reserves. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-04-23): Client elected to waive exceptions with compensating factors. |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223294147 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approval email requires a [Redacted]year [Redacted]. File does not contain any indication that loan closed with a [Redacted]year [Redacted]. | Reviewer Comment (2025-05-01): Updated exception removed [Redacted] requirement. Condition cleared Buyer Comment (2025-04-29): exception approval upld, [Redacted] requirement has been removed |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223294150 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [Redacted]initial rate lock disclosure is missing. | Reviewer Comment (2025-04-28): Rate lock received, exception cleared. Buyer Comment (2025-04-25): Initial Rate Lock |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223294151 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Disclosed Finance Charges are $[Redacted]. Due Diligence Finance Charges are $[Redacted]. There is a variance of $[Redacted]. | Reviewer Comment (2025-04-30): [Redacted] received Corrected CD and LOE to borrowre moving HOA dues to Section [Redacted] Buyer Comment (2025-04-29): Please see attached |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294151 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Disclosed Finance Charges are $[Redacted]. Due Diligence Finance Charges are $[Redacted]. There is a variance of $[Redacted]. | Reviewer Comment (2025-04-30): [Redacted] received Corrected CD and LOE to borrowre moving HOA dues to Section [Redacted] |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294151 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee increased to $[Redacted]from $[Redacted]without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-02): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-30): Please see attached |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294151 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Homeowner's Dues. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Finance charge of Homeowner's Dues Fee was disclosed as $[Redacted]without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-02): [Redacted] received Post CD and LOX by moving fee to section [Redacted]. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294152 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year [Redacted]Underdisclosed -[Redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [Redacted]of on Final Closing Disclosure provided on [Redacted] are underdisclosed. | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year [Redacted]is blank on page [Redacted]; however the HOA dues total $[Redacted]per month. Final CD reflects Estimated Taxes, Insurance & Assessments of $[Redacted]monthly, correct amount is $[Redacted]. Provide a post-close CD correcting the Escrow Account section on page [Redacted]and Estimated Taxes, Insurance & Assessments on page [Redacted]; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-01): [Redacted] received Letter of explanation and Corrected Closing disclosure. Buyer Comment (2025-04-30): pccd docs upld |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223294153 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Borrower currently rents and owns no additional properties. Personal assets are the equivalent of [Redacted]months reserves. FIRST TIME HOMEBUYER EXCEPTION: Borrower provided [Redacted]divorce decree showing co-ownership of a residential property awarded to the ex-spouse. LANDLORD HISTORY EXCEPTION: Borrower had ownership in a commercial property until [Redacted]. This property was held in an LLC owned [Redacted]% by the borrower ([Redacted]% by their son). Per the CPA letter in file, this property was rented to a business owned [Redacted]% by the borrower. Exceptions requested for first time homebuyer and landlord history documented with a commercial property owned by, and rented to, the borrower. Lender exception was approved with the following conditions: Maximum [Redacted]% LTV, Minimum [Redacted] .[Redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-23): Preapproved exception |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223294153 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-19): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-16): [Redacted] using borrower's [Redacted] residence lease rents (@ $[Redacted]/mo) to calc [Redacted], not the subject prop based on appraisal ROV (@ $[Redacted]/mo) and LOX from RE agent confirming prop will be vacant at closing. (*Currently owner occupied, per appraisal data as well.) - Once correct rental income used from subject property to qualify, [Redacted] should align @ [Redacted]. Thank you. |
05/19/2025 | 1 | A | A | A | A | A | PA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||||||||
| 223294155 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State Defect | [Redacted] Prepayment Penalty Test [Redacted]Investment Test | [Redacted]: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-04-29): Client elects to waive without compensating factors. Buyer Comment (2025-04-25): Business Purpose Loan; Please waive. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223294155 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | [Redacted]Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least[Redacted]business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-04-30): Appraisal receipt received and verified. Exception cleared Buyer Comment (2025-04-29): the appraisal receipt provided today on page [Redacted] in trailing docs is for the most recent appraisal report dated [Redacted], receipt shows sent to borrower [Redacted]. Reviewer Comment (2025-04-29): Reviewed all trailing docs and evidence of borrower's receipt of the most recently updated appraisal report was not located. Buyer Comment (2025-04-29): aprsl receipt upld |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223294155 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Statement or supporting document to confirm PITIA for following REOs are missing ; [Redacted] and [Redacted]: | Reviewer Comment (2025-05-02): Received required documentation. Condition cleared. Buyer Comment (2025-04-30): the full [Redacted] page document reflecting taxes and referencing [Redacted] that was provided [Redacted] was not indexed together in trailing docs Please see trailing doc pages [Redacted], [Redacted], [Redacted], [Redacted], [Redacted] and [Redacted]. Reviewer Comment (2025-04-29): UPDATE. The documentation that is missing is the tax cert for [Redacted] Reviewer Comment (2025-04-29): EXCEPTION HISTORY - Exception Detail was updated on [Redacted] PRIOR Exception Detail: Address: [Redacted], Address: [Redacted], Address: [Redacted] EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Statement, Statement Insurance Verification Tax Verification Buyer Comment (2025-04-29): search report with tax information upld Reviewer Comment (2025-04-29): File is still missing tax certificate for [Redacted] property. Exception remains. Buyer Comment (2025-04-25): [Redacted] HOI & Taxes; [Redacted] Mortgage Statement showing T&I is escrowed. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223294188 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [Redacted]day [Redacted]mortgage late payments within [Redacted]months are reported on credit report. If closed by on or after[Redacted] st , [Redacted]. Borrower would like close sooner. LTV is [Redacted]%. Borrower has been on the same job for over [Redacted]years. LTV is [Redacted]%. Low DTI [Redacted]%. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [Redacted] years. | Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Client elected to waive exceptions with compensating factors. |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KS | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223294188 | [Redacted] | [Redacted] | XXXX | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Housing history reflects lates that do not meet guidelines. | - Housing history reflects a total of ___ reported late payments. | Lender provided exception approval | Reviewer Comment (2025-04-24): Lender exception approval provided |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294286 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is requested to accept funds from foreign account [Redacted] without the large deposit paper trail. Unable to paper trail the large deposit, since borrower has several accounts and move money around which is making it to be very difficult to paper trail it. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Client elects to waive with compensating factors. |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223294286 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-04-29): Provided OFAC Search result for borrowing business entity. Exception cleared. Buyer Comment (2025-04-28): OFAC |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223294290 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [Redacted] ([Redacted]) business days prior to closing. | Revised Loan Estimate provided on [Redacted] not received by borrower at least ([Redacted]) business days prior to closing. | Reviewer Comment (2025-04-28): [Redacted] received proof of receipt. Buyer Comment (2025-04-25): [Redacted] LE Audit Trail / Disclosure Tracking. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223294293 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Title Preliminary Report in the file doesn't disclose the total Policy coverage amount. Provide evidence of title with sufficient policy coverage. | Reviewer Comment (2025-05-02): Title Supplement received and verified. Exception cleared Buyer Comment (2025-04-30): Title |
05/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223294293 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | A | B | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223294293 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | A | B | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223294478 | [Redacted] | [Redacted] | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | CPA letter is not dated. | Reviewer Comment (2025-05-13): Received required documentation. Condition cleared. Buyer Comment (2025-05-12): Dated CPA Letter |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294478 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. Confirmation of revised LE was not provided at least [Redacted]business days prior to closing. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-05-13): Received required documentation. Condition cleared. Buyer Comment (2025-05-12): Proof LE provided was already uploaded under D[Redacted] Reviewer Comment (2025-04-29): File would require an exeption request, compensating factors and the lender approval/conditions for this ATR exception. Buyer Comment (2025-04-25): See upload |
05/13/2025 | 1 | B | A | C | A | B | A | C | A | B | A | KS | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223294478 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted]or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. Confirmation of revised [Redacted]was not provided at least [Redacted]business days prior to closing. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-05-13): Received required documentation. Condition cleared. Buyer Comment (2025-05-12): Proof LE provided was already uploaded under D[Redacted] Reviewer Comment (2025-04-29): File would require an exeption request, compensating factors and the lender approval/conditions for this ATR exception. Buyer Comment (2025-04-25): See upload |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223294478 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [Redacted] ([Redacted]) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-28): [Redacted] received proof of receipt. Buyer Comment (2025-04-25): Proof Revised LE sent to borrower |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Purchase | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223294478 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | LTV and CLTV exceed [Redacted]% max allowed per guideline | Reviewer Comment (2025-04-29): [Redacted] does not go beyond [Redacted] decimals. Reviewer Comment (2025-04-29): File would require an exeption request, compensating factors and the lender approval/conditions for this ATR exception. Buyer Comment (2025-04-28): See LOX and please waive |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223294478 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | LTV and CLTV exceed [Redacted]% max allowed per guideline | Reviewer Comment (2025-04-29): [Redacted] does not go beyond [Redacted] decimals. Reviewer Comment (2025-04-29): File would require an exeption request, compensating factors and the lender approval/conditions for this ATR exception. Buyer Comment (2025-04-28): See LOX and please waive |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223295883 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-04-30): E-sign document received, exception cleared. Buyer Comment (2025-04-29): econsent |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223295884 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-04-28): E-sign consent agreement verified and updated. Exception cleared Buyer Comment (2025-04-25): Please see Doc ID [Redacted] (Page [Redacted]) for E-Consent. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223295918 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [Redacted] Rate lock is missing in the file. | Reviewer Comment (2025-04-28): Received Initial [Redacted] Rate lock. Exception Cleared. Buyer Comment (2025-04-25): lock form |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | D | A | IA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223295922 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing for secondary appraisal. | Reviewer Comment (2025-04-29): Client elects to waive. Reviewer Comment (2025-04-29): Evidence of delivery for AVM valuation within [Redacted] business days prior to closing is required. Exception remains. Buyer Comment (2025-04-28): Pg [Redacted] D[Redacted] in original upload. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223296089 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [Redacted] discrepancy. [Redacted]calculation of [Redacted]%, however lenders is at [Redacted]% | Reviewer Comment (2025-05-01): Changed short term rental income per lender instructions (lower). Condition cleared. Buyer Comment (2025-04-29): We used the end line of $[Redacted]/[Redacted]= $[Redacted]for rental income. See attached. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223296089 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-27): Cleared. Rental income corrected to [Redacted]% per guidelines. Buyer Comment (2025-05-22): File was corrected by [Redacted], did not require the [Redacted]% reduction on a refi. Reviewer Comment (2025-05-20): This a system setting based on instructions from [Redacted] management. The guides on page [Redacted] do not indicate that [Redacted]% of the short term rental can be utilized. Buyer Comment (2025-05-19): Please refer to the internal guides [Redacted] page [Redacted]-[Redacted], the [Redacted]% reduction applies to purchase transaction, this is a refi and we can use the documented short teem rents without the deduction. Reviewer Comment (2025-05-16): Subject is a short term rental. The gross rental based on the rental payout report is $[Redacted]/ mo. Per guides [Redacted]% of this can be used for the [Redacted] income which is $[Redacted] which is what was used by DD. Buyer Comment (2025-05-15): Please check your [Redacted] calculation. $[Redacted] divided by $[Redacted]= [Redacted] ([Redacted]) |
05/27/2025 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223296174 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: [Redacted] | Copy of Appraisal is missing. | Reviewer Comment (2025-04-30): Received 1004 Appraisal. Exception cleared. Buyer Comment (2025-04-28): appraisal uploaded |
04/30/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Refinance - Cash-out - Other | D | B | D | B | D | A | N/A | No | ||||||||||||||
| 223296174 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Copy of Appraisal is missing. | Reviewer Comment (2025-04-30): Received 1004 Appraisal with report date [Redacted] which is after the disaster end date. Exception cleared. Buyer Comment (2025-04-28): see appraisal uploaded |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | D | B | D | B | D | A | N/A | No | ||||||||||||||
| 223296174 | [Redacted] | [Redacted] | XXXX | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Copy of Appraisal is missing. | Reviewer Comment (2025-04-30): Received 1004 Appraisal. Exception cleared. Buyer Comment (2025-04-28): see appraisal uploaded |
04/30/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Refinance - Cash-out - Other | D | B | D | B | D | A | N/A | No | ||||||||||||||
| 223296174 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request - The lender exception approval is in the file, however the lender exception request form in the file is for a different loan. Please provide the exception request form for the subject loan transaction along with the compensating factors. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-02): Client elects to waive with compensating factors. Reviewer Comment (2025-05-02): Lender exception request provided for property recently listed for sale. Buyer Comment (2025-04-30): EXCEPTION REQUEST UPLOADED |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Other | D | B | D | B | D | A | N/A | No | |||||||||||
| 223296290 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Eligibility | Credit | Borrower has active Tradelines which are less than the minimum required by guidelines. | - Active Tradelines: ___ | Loan must have [Redacted]trade lines and a credit history covering [Redacted]months preceding the application date as per the provided guidelines. | Reviewer Comment (2025-04-29): Per the credit report [Redacted] tradelines were open and active in the last [Redacted] months. Exception cleared. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296290 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Eligibility | Credit | Borrower has active Tradelines which are less than the minimum required by guidelines. | - Active Tradelines: ___ | Loan must have [Redacted]trade lines and a credit history covering [Redacted]months preceding the application date as per the provided guidelines. | Reviewer Comment (2025-04-29): Per the credit report [Redacted] tradelines were open and active in the last [Redacted] months. Exception cleared. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296290 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Require title commitment or supplemental report with the policy coverage amount. | Reviewer Comment (2025-04-28): Supplement report already in the file, exception cleared. Buyer Comment (2025-04-25): invalid, please waive, title supplement provided on d[Redacted] |
04/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223296290 | [Redacted] | [Redacted] | XXXX | Credit | Business Purpose | General | Business Purpose | Open Tradeline requirement not met. | - Borrower has ___ Open Tradelines which is less than the minimum required by guidelines. Borrower has ___ Open Tradelines which is less than the minimum required by guidelines. |
Loan must have [Redacted]trade lines and a credit history covering [Redacted]months preceding the application date as per the provided guidelines. | Reviewer Comment (2025-04-29): Per the credit report [Redacted] tradelines were active in the last [Redacted] months. Buyer Comment (2025-04-25): Per the credit report the borrower has [Redacted] open tradelines both reported in the month of [Redacted]. We also provided [Redacted] months canceled rent checks. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception to use business funds as an eligible assets - asset qualifier, funds has been transferred to personal account (after appellations date, but are fully sourced). Section [Redacted] prohibits the use of business funds. Compensating factors: Reserves [Redacted]+ months more than requirement. The exception was approved with -[Redacted]exception [Redacted] Conditions: [Redacted]% LTV Max. All Student loan accounts previously derogatory brought current. Proof that the business accounts that the funds came from are [Redacted]owned by our borrower. Subject to meeting all other signature expanded guideline requirements. |
Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Client elected to waive exceptions with compensating factors. |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception to leave disputes on credit with derogs in last [Redacted]years (borrower has [Redacted]account disputes with derogs from Feb [Redacted], per branch they have been brought current, proof they are current is conditioned for. Compensating factors: Reserves [Redacted]+ months more than requirement.. The exception was approved with -[Redacted]exception [Redacted] Conditions: [Redacted]% LTV Max. All Student loan accounts previously derogatory brought current. Proof that the business accounts that the funds came from are [Redacted]owned by our borrower. Subject to meeting all other signature expanded guideline requirements. |
Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Client elected to waive exceptions with compensating factors. |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal reports were delivered on [Redacted], which is not [Redacted]business days prior to the closing date. | Reviewer Comment (2025-05-01): Client elects to waive without compensating factors. Buyer Comment (2025-04-29): Appraisal Reviewer Comment (2025-04-28): The revised appraisal report was sent no [Redacted], which is not [Redacted] business days prior to the closing date of [Redacted]. Exception remains. Buyer Comment (2025-04-25): App Conf |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-24): Sufficient Cure Provided At Closing. |
04/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Purchase | Final CD evidences Cure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-04-30): Received Prior Appraisal Report. Exception cleared. Buyer Comment (2025-04-29): Appraisal Reviewer Comment (2025-04-28): The revised appraisal report was sent no [Redacted], which is not [Redacted] business days prior to the closing date of [Redacted]. Exception remains. Buyer Comment (2025-04-25): App del uploaded |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-04-30): Received Prior Appraisal Report. Exception cleared. Buyer Comment (2025-04-29): Appraisal uploaded Reviewer Comment (2025-04-28): The revised appraisal report was sent no [Redacted], which is not [Redacted] business days prior to the closing date of [Redacted]. Exception remains. Buyer Comment (2025-04-25): App del uploaded |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [Redacted] ([Redacted] business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-28): [Redacted] received proof of receipt. Buyer Comment (2025-04-25): LE [Redacted] |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | No Defined Cure | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| 223296458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of revised valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | The revised appraisal report dated [Redacted] and delivered on the same day [Redacted], but [Redacted]business days requirement not met as closing date date is[Redacted]. Exception remains. | Reviewer Comment (2025-05-01): Client elects to waive without compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | NJ | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 223297525 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee was disclosed on initial Loan estimate as $[Redacted]but disclosed but final Closing Disclosure $[Redacted]. File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2025-05-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-30): uploaded lox rebuttal |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223297525 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | SC | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223297526 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-05): Received Non-QM Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-05-02): signed business purpose cert |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223297527 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for borrower does not own primary residence with a [Redacted] below [Redacted], there is no [Redacted] and he does not currently own a primary as he [Redacted]it [Redacted]per POE - I cond. for copy of final sett stmt. to validate the LOE. [Redacted]has been living with his parents since [Redacted]so they can help with wife and baby. I cond. for proof of current residence since his bank statements still show the departing residence. I have also conditioned for borrower to sign a post-closing occupancy affidavit and provide letter of intent to utilize subject as an investment - letter provided states he is purchasing in Las Vegas since the housing prices are still affordable etc (LOE attached to exception request). Loan will have [Redacted]months post-closing reserves, [Redacted]% down payment. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-04-25): Client elected to waive exceptions with compensating factors. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223297528 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request to use [Redacted]month short term rents avg on other investment property that borrower hasn't owned [Redacted]months ( essentially using, our borrowers history plus the prior owners history for the [Redacted]months, not just average the income from when our borrower bought it over the [Redacted]month). -NOTE- We do have the history as the purchase of that property was a loan we did, and branch did also get a [Redacted], which does show higher rents then what we are using. Borrower purchasing investment property, funds coming from personal funds and cash out refi of one of borrowers other investments. Borrowers own two additional investments ( the one being refinanced is not the one we are trying to use the short term rents one. Borrower has been a realtor for [Redacted]plus years as his main income. He also has a [Redacted]job we are using with the Dept of Homeland security, he has been there [Redacted]plus years. He has owned his primary residence [Redacted]plus years. Has approx [Redacted]in residual income each month . Using [Redacted]months business bank statement, method [Redacted]. Accountant letter in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. Buyer Comment (2025-04-29): Approval |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223297528 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2025-05-19): Cleared. Received updated 1008 in trailing docs. Buyer Comment (2025-05-16): [Redacted] now aligned with [Redacted] Buyer Comment (2025-05-16): 1008 now aligned with [Redacted] |
05/19/2025 | 1 | A | A | A | A | A | GA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223297531 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $[Redacted]. Please provide hazard insurance with expended replacement cost or replacement cost estimator document. | Reviewer Comment (2025-04-29): Cleared. Checklist of Coverage provided for property located in [Redacted]. Buyer Comment (2025-04-25): [Redacted] property - Checklist of Coverage provided ([Redacted]) |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested: Exception is needed due to Section [Redacted]: Manufactured Home ([Redacted]Zoned, <[Redacted]sq ft). Exception request for eligibility of subject property. The subject is a legally zoned [Redacted]sq ft [Redacted]bd/ ba [Redacted]that is located in a rural area with [Redacted]acre, well water, and septic sewer. There does not appear to be any agricultural use, given the site size. A CDA is required but has not been received yet. *** Prior Exception: Borrower is requesting cashout refinance of manufactured home for purpose of debt consolidation and cosmetic improvements on the property. Mortgage has rating of [Redacted]. Representative FICO of [Redacted]is > [Redacted]minimum required. LTV of [Redacted]% is less than [Redacted]% max if this were a rate/term transaction. Income is qualified by calculating average monthly income from [Redacted]-month bank statements of borrower's self-employment existent for [Redacted]+ years. Added is co-borrowers social security income. With income compared with liabilities, DTI is less than [Redacted]%. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Occupancy: [Redacted] | SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-25): Client elected to waive exceptions with compensating factors. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA Letter or Third Party Verification document is missing in file confirming borrower's ownership of Home Transport. | Reviewer Comment (2025-05-05): Received updated CPA letter confirming ownership. Reviewer Comment (2025-05-05): Provided email verification shows CPA verification was done on [Redacted] which is after the note date of [Redacted], exception remains. Buyer Comment (2025-05-02): cpa email confirming receipt of revision was [Redacted] upld, this should be sufficient as proof of the date of the letter. Reviewer Comment (2025-05-02): Provided CPA Letter has no Document date. Provide updated CPA Letter with document date. Exception remains. Buyer Comment (2025-05-01): cpa letter w/ ownership % upld. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | CPA Letter or Third Party Verification document is missing in file confirming borrower's ownership of Home Transport. causing ATR failure, resulting in a Loan Designation discrepancy. | Reviewer Comment (2025-05-05): Received CPA letter confirming ownership. Reviewer Comment (2025-05-05): Provided email verification shows CPA verification was done on [Redacted] which is after the note date of [Redacted], exception remains. Buyer Comment (2025-05-02): cpa email confirming receipt of revision was [Redacted] upld, this should be sufficient as proof of the date of the letter. Reviewer Comment (2025-05-02): Provided CPA Letter has no Document date. Provide updated CPA Letter with document date. Exception remains. Buyer Comment (2025-05-01): cpa letter w/ ownership % upld to trl docs. |
05/05/2025 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current employment status using reasonably reliable third-party records. | CPA Letter or Third Party Verification document is missing in file borrower's Home Transport business, causing and ATR failure. | Reviewer Comment (2025-05-05): Received CPA letter confirming ownership. Reviewer Comment (2025-05-05): Provided email verification shows CPA verification was done on [Redacted] which is after the note date of [Redacted], exception remains. Buyer Comment (2025-05-02): cpa email confirming receipt of revision was [Redacted] upld, this should be sufficient as proof of the date of the letter. Reviewer Comment (2025-05-02): Provided CPA Letter has no Document date. Provide updated CPA Letter with document date. Exception remains. Buyer Comment (2025-05-01): cpa letter w/ ownership % upld to trl docs. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | CPA Letter or Third Party Verification document is missing in file borrower's Home Transport business, causing and ATR failure. | Reviewer Comment (2025-05-05): Received CPA letter confirming ownership. |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) Georgia High-Cost Loan (Points and Fees) | [Redacted]Fair Lending Act: Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Total Loan Amount. Points and Fees total $[Redacted]on a Total Loan Amount of $[Redacted]vs. an allowable total of $[Redacted](an overage of $[Redacted]or [Redacted]%). Non-Compliant High-Cost Loans. | Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Total Loan Amount. Points and Fees total $[Redacted]on a Total Loan Amount of $[Redacted]vs. an allowable total of $[Redacted](an overage of $[Redacted]or [Redacted]%). | Reviewer Comment (2025-05-14): Cure documentation received including LOE, refund check and proof of delivery. Buyer Comment (2025-05-12): pccd docs with cure check and proof of mailing upld Reviewer Comment (2025-05-06): Given the all of the fees included in [Redacted] High-Cost test are all considered finance charges as well, a refund of the overage for GA P&F can also be applied towards the under-disclosed finance charge exception as well. The standard cure provision in [Redacted] allows for a cure within [Redacted] days of closing and prior to the lender receiving notice from the borrower about the failure. The specific cure requirements require the lender to: (a) offer restitution and make appropriate adjustments; or (b) to correct failure related to financing of insurance, make appropriate restitution by returning premiums paid plus interest charged on the premiums upon receipt of the notice of compliance failure. Under the standard cure for [Redacted], [Redacted] would require the following components to cure a rate or points and fees violation: (1) LOE to borrower explaining refund; (2) copy of check for overage ($[Redacted]); and (3) Proof of mailing (must be in transit to cure). In addition, In regard to the TRID Finance charge issue, currently based on fees [Redacted] has included in calculations, the Finance Charge is underdisclosed by $[Redacted] and would be the cure. However, in reviewing the lender's compliance report, there are [Redacted] fees that were not included in lender's calculation that may need reviewed and they account for $[Redacted] of the total finance charges. The $[Redacted] Engineering Certificate in Section [Redacted] and the $[Redacted] Title Retirement fee also in Section [Redacted]. We are unable to determine their services/purpose, and included in calculation. Lender would need to provide a written Lender Attestation or from Settlement Agent that gives the specific purpose and services provided within these [Redacted] fees to determine if a finance charge. Otherwise, the cure amount of $[Redacted] would be required and cure documentation should include Corrected CD, LOE to borrower, copy of the cure refund check, proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2025-05-02): please escalate, before we proceed we need your confirmation tat a total cure of $[Redacted] will satisfy both the high cost and finance charge issue |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Within 90 days of loan closing and prior to receiving notice from the borrower: (a) offer restitution and make appropriate adjustments; or (b) to correct failure related to financing of insurance, make appropriate restitution by returning premiums paid plus interest charged on the premiums upon receipt of the notice of compliance failure. (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 90 days of discovery, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-cost threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. |
C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]. Review of compliance report reflect Engineering Certificate and Title Retirement fees totaling $[Redacted]were not included in finance charge calculations. | Reviewer Comment (2025-05-22): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2025-05-21): rtc docs upld Reviewer Comment (2025-05-13): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2025-05-12): pccd docs with cure check and proof of mailing upld to trl docs Reviewer Comment (2025-05-05): Cure in the amount of $[Redacted] is required to cure the finance charge. Buyer Comment (2025-05-02): please escalate, before we proceed we need your confirmation tat a total cure of $[Redacted] will satisfy both the high cost and finance charge issue Reviewer Comment (2025-05-01): [Redacted] received invoice of the Title Retire fee to [Redacted]. However, some of the service descriptions appear to be finance charge related such as [Redacted], Certified Copy. Recording fees if they are paid to a government entity can be excluded, but the invoice reflects these costs paid to [Redacted] which would not be exlcudable. In addition some fees would need further information to determine if a finance charge. In addition it appears the Engineering Certificate for $[Redacted] in section [Redacted] was not included in lender's calculation, as per lender compliance report. Total underdisclosure is calculated at $[Redacted]. Lender can provide a detailed lender attestation that gives the specific purposes/services for the following fees to determine which are finance charges that may be excluded: Engineering Certificate $[Redacted], (PER THE [Redacted] INVOICE), [Redacted] $[Redacted], Additional Research $[Redacted], [Redacted] $[Redacted], Duplicate Title $[Redacted], [Redacted] $[Redacted], Retire Title $[Redacted], Recording Fee $[Redacted], Certified Copy $[Redacted], State Fee to Retire $[Redacted] and [Redacted] $[Redacted]. Any recording fee should also provide documentation that these amounts were paid directly to a public official for purposes of perfecting the security interest, otherwise if paid to the payee [Redacted] they would not be excludable. As FYI, the [Redacted] fees do appear to not be excludable, but if there is a different service, we can review with your attestation. Buyer Comment (2025-04-30): see attached invoice and remove title retirement fee $[Redacted] from your finance charge calculation. |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[Redacted]). | The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted]. Review of compliance report reflect Engineering Certificate and Title Retirement fees totaling $[Redacted] were not included in finance charge calculations. | Reviewer Comment (2025-05-22): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2025-05-21): rtc docs upld to trl docs Reviewer Comment (2025-05-13): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2025-05-12): pccd docs with cure check and proof of mailing upld to trl docs Reviewer Comment (2025-05-05): Cure in the amount of $[Redacted] is required to cure the finance charge and amount financed issue only. Cure requires PCCD, LOE, copy of refund check, re-opening of rescission and proof of delivery to cure. Buyer Comment (2025-05-02): please escalate, before we proceed we need your confirmation tat a total cure of $[Redacted] will satisfy both the high cost and finance charge issue Reviewer Comment (2025-05-01): [Redacted] received invoice of the Title Retire fee to [Redacted]. However, some of the service descriptions appear to be finance charge related such as [Redacted], Certified Copy. Recording fees if they are paid to a government entity can be excluded, but the invoice reflects these costs paid to [Redacted] which would not be exlcudable. In addition some fees would need further information to determine if a finance charge. In addition it appears the Engineering Certificate for $[Redacted] in section [Redacted] was not included in lender's calculation, as per lender compliance report. Total underdisclosure is calculated at $[Redacted]. Lender can provide a detailed lender attestation that gives the specific purposes/services for the following fees to determine which are finance charges that may be excluded: Engineering Certificate $[Redacted], (PER THE [Redacted] INVOICE), [Redacted] $[Redacted], Additional Research $[Redacted], Fast title $[Redacted], Duplicate Title $[Redacted], [Redacted] $[Redacted], Retire Title $[Redacted], Recording Fee $[Redacted], Certified Copy $[Redacted], State Fee to Retire $[Redacted] and [Redacted] $[Redacted]. Any recording fee should also provide documentation that these amounts were paid directly to a public official for purposes of perfecting the security interest, otherwise if paid to the payee [Redacted] they would not be excludable. As FYI, the [Redacted] fees do appear to not be excludable, but if there is a different service, we can review with your attestation. Buyer Comment (2025-04-30): see attached invoice upld to trl docs and remove title retirement fee $[Redacted] from your finance charge calculation. |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297538 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted]OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-29): Received Replacement Cost Estimator. Exception cleared. Buyer Comment (2025-04-28): rce upld |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223297540 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% which is greater than the threshold of APOR [Redacted]%. | Reviewer Comment (2025-04-30): Supplemental coverage is not required. Exception cleared. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297540 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Amount Financed disclosed is $[Redacted]. Calculated Amount Financed of $[Redacted]. Variance of $[Redacted]. Based on the review discrepancy occurred due to addition HOA questionnaire. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-05-07): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-05-06): PCCD Cure Reviewer Comment (2025-05-01): Review criteria require Lender credit to be applied to non-finance charges first. Cure is required based on review standards. Buyer Comment (2025-04-30): $[Redacted] LC given on Final CD |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297540 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted]. Variance of -$[Redacted]. Based on the review discrepancy occurred due to addition HOA questionnaire. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-05-07): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-05-06): Please see PCCD cure provided today. Reviewer Comment (2025-05-01): Review criteria require Lender credit to be applied to non-finance charges first. Cure is required based on review standards. Buyer Comment (2025-04-30): $[Redacted] LC given on Final CD |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297540 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | HOA/Condo Questionnaire fee amount of $[Redacted]present on final closing disclosure file does not contain valid change of circumstance or sufficient cure not provided. | Reviewer Comment (2025-04-24): Sufficient Cure Provided At Closing |
04/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Purchase | Final CD evidences Cure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297540 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request [Redacted]out of [Redacted]unit owners are past due [Redacted]days or more on their special assessment. Lender exception was approved with the following conditions: Max [Redacted]% [Redacted], [Redacted]Condo LLPA will apply | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-24): Client elected to waive exceptions with compensating factors. |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223297540 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) | Federal Higher-Priced Mortgage Loan ([Redacted]): Required supplemental insurance not escrowed on a [Redacted]lien mortgage loan. | Provided hazard insurance [Redacted] policy not provided. | Reviewer Comment (2025-04-30): Supplemental coverage is not required. Exception cleared. Buyer Comment (2025-04-28): Master Policy states "Walls in & Improvements/Betterments" included under REMARKS (Including Special Conditions). Please cancel. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | If escrow was established before consummation for one impound item but not the other (e.g. taxes but not insurance), cure available by escrowing item that was not previously included. Proof of new escrow setup required. If no escrow account was established at or before consummation, no cure available. |
C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297541 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-30): [Redacted] received LOE is sufficient. Buyer Comment (2025-04-29): Please see attached |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223297544 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted]/Declarations: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | Borrowers stated on the application that he is co-signer / guarantor on debt which is not disclosed on loan application. | Reviewer Comment (2025-05-05): revised 1003 received. Buyer Comment (2025-05-02): revised 1003 upld |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297544 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to Appraisal Fee. Specific credit of $[Redacted]has been provided as cure at closing. | Reviewer Comment (2025-04-29): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-28): invalid cond, please waive, this was cured at closing, final cd reflecting cure in sect [Redacted] was provided initial loan file. |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297544 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to Transfer Tax Fee. No valid COC provided | Reviewer Comment (2025-05-07): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-06): pccd docs with cure and proof of mailing upld |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297544 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [Redacted]has owned business since Sept [Redacted], she had the business setup as a sole proprietorship (DBA). Documents provided from [Redacted]the borrower set up LLC. Closed sole proprietor. [Redacted] was added to LLC with [Redacted] ownership. Borrower CPA letter was not acquired. Business income was used. Using [Redacted] mo business bank statements. | Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Occupancy: [Redacted] Documentation Type: [Redacted]mo Bank Statement Disposable Income: $[Redacted] Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-02): Client elects to waive with compensating factors. Buyer Comment (2025-04-30): exception aprvl upld |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223297548 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing | Reviewer Comment (2025-04-30): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-04-29): business cert Reviewer Comment (2025-04-29): Provided document does not have the verbiage that this loan is being made for business purpose only. Exception remains. Buyer Comment (2025-04-25): business cert |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223297549 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Approved for Non- Warrantable Condo has [Redacted]Feature- Outstanding Critical Repairs | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Documentation Type: [Redacted]yr Full Doc Disposable Income: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-25): Client elects to waive with compensating factors. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223297549 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-30): Final Title Report received, exception cleared |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223297549 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-30): Final Title Report received, exception cleared Buyer Comment (2025-04-29): policy uploaded |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223297549 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted]/Declarations: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | Reviewer Comment (2025-05-01): Corrected 1003 for borrower and co-borrower received. Details verified and updated. Exception cleared. Buyer Comment (2025-04-30): revised 1003 upld |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223297549 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. | - | As per corrected [Redacted]/ Declaration A. Will you occupy the property as your primary residence? reflects No for borrower and co-borrower |
Reviewer Comment (2025-05-02): Updated final 1003 application received and updated. Exception cleared Buyer Comment (2025-05-01): 1003 with additional revision upld- bwrs will occupy |
05/02/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 223297553 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Appraisal delivery receipt is missing in file for Primary appraisal. | Reviewer Comment (2025-04-29): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-04-28): uploaded proof of [Redacted] appraisal delivery |
04/29/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297553 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]. | Reviewer Comment (2025-05-07): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-05-06): uploaded lox pccd label & cure check |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297553 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted]. Variance of $[Redacted]. Based on the review discrepancy occurred due to addition of processing fee. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-05-07): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-05-06): see uploaded lox pccd label & cure check |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223297553 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of v% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-04-29): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297553 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-04-29): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-04-28): see uploaded proof of [Redacted] appraisal delivery |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223297569 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is needed due to section [Redacted] Unacceptable Property Type ( SFR with [Redacted]ADU With N Similar Comparable). exception request for eligibility of subject property. this ois a [Redacted]-appraisal file, due to the loan amount. The subject is a legally zoned [Redacted]bd/[Redacted]ba SFR with and [Redacted]AUs. Both ADUs are attached, One, One is [Redacted]a, and the other is labeled as a ''guest quarters'' witj [Redacted] ba. Neither appraiser provided an value for the second ADU (labeled ''guest quarters'') due to no similar comparable being available. Lender exception was approved with the following conditions: Max [Redacted]% LTV, Min [Redacted][Redacted], Borrower to provide rent free [Redacted] | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Preapproved exception |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223297610 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Provide [Redacted]months bank statement for account #[Redacted]. | Reviewer Comment (2025-05-04): Cleared. Received additional asset. Buyer Comment (2025-05-01): assets |
05/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223297819 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-04-30): Received Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-28): Business Purpose Cert |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223297821 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [Redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal provided to the borrower on [Redacted] prior to appraisal report dated [Redacted] | Reviewer Comment (2025-04-30): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-04-29): Proof sent |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223297821 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Evidence the borrower was provided a copy of appraisal within [Redacted]business days prior to consummation is missing. Appraisal report date is [Redacted] and expected delivery date is [Redacted] and closing date is[Redacted]. | Reviewer Comment (2025-04-30): Client elects to waive. |
04/30/2025 | 2 | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||||||
| 223297845 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-04-29): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-04-28): Appraisal sent |
04/29/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223300027 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification is missing. Provided Patriot Act Customer Identification is missing identification details. | Reviewer Comment (2025-04-29): Received Driver License in the file. Exception Cleared. Buyer Comment (2025-04-25): ID |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223300027 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-04-29): Received OFAC search for borrowing business entity in the file. Exception Cleared. Buyer Comment (2025-04-25): OFAC |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223300035 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request Non-warrantable condo due to critical repairs and ACV and roofs. Lender exception approved with the following approved conditions: Maximum [Redacted]% LTV, Minimum [Redacted] [Redacted], [Redacted]LLPA per the rate sheet, Minimum [Redacted]Year [Redacted] | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-27): Client elected to waive exceptions with compensating factors. |
04/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223300189 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Incomplete Rate Lock document. Please provide a complete version. | Reviewer Comment (2025-04-30): Received Initial [Redacted] Initial Rate Lock. Exception cleared. Buyer Comment (2025-04-29): complete initial lock upld |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NY | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223300539 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rate Lock provided is missing borrower and product information. | Reviewer Comment (2025-04-29): Received Initial rate lock. Exception cleared. Buyer Comment (2025-04-28): Lock form |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223300539 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Flood Insurance Policy is missing in the file. | Reviewer Comment (2025-04-29): Provided flood policy declaration. Updated Insurance screen. Exception cleared. Buyer Comment (2025-04-28): Flood Insurance |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223300539 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-04-29): Provided OFAC Search result for borrowing business entity. Exception cleared. Buyer Comment (2025-04-28): OFAC search |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223300580 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request. No landlord history. Exception Approved. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): preapproved exception |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223303693 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-04-30): Received OFAC for the business entity in the file. Exception Cleared. Buyer Comment (2025-04-29): OFAC |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223303698 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-01): Received business purpose certificate. Exception cleared. Buyer Comment (2025-04-30): [Redacted] |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223303862 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Evidence the borrower was provided a copy of Secondary Valuation within [Redacted]business days prior to consummation is missing. | Reviewer Comment (2025-04-30): Appraisal receipt received and verified. Exception cleared Buyer Comment (2025-04-29): CDA Delivery |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223303937 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-30): Notice of Special Flood hazard Disclosure is verified and updated. Exception cleared. Buyer Comment (2025-04-29): see D[Redacted] that is dated [Redacted] day of closing |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223303937 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | The Flood Insurance Policy effective date is after the Note Date. | Flood insurance declarations page in the file verified an effective date of [Redacted] which is after the consummation date of [Redacted]. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2025-05-06): Flood Insurance document received and Verified. Exception cleared Buyer Comment (2025-05-05): updated flood binder |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223304250 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-25): Sufficient Cure Provided At Closing |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223304457 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) | Federal Higher-Priced Mortgage Loan ([Redacted]): Mandatory escrow account not established on [Redacted]lien mortgage loan. | Reviewer Comment (2025-05-08): Document received and verified. Exception cleared. Buyer Comment (2025-05-06): IEAD |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | If escrow was established before consummation for one impound item but not the other (e.g. taxes but not insurance), cure available by escrowing item that was not previously included. Proof of new escrow setup required. If no escrow account was established at or before consummation, no cure available. |
C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223304457 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-08): Document received and verified. Exception cleared |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223304462 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is present in file-B1 has excellent credit with FICO [Redacted]with [Redacted]+ yrs credit depth. [Redacted]own primary with mortgage XXXX[Redacted] per CBR in file. [Redacted]with currently employer [Redacted]yrs to yield DTI [Redacted]% under required [Redacted]%. Reserves [Redacted]SP and [Redacted]REO will be own funds as well as funds to close. Per guides departing residence guide that states at least [Redacted]% equity must exist to excluded PITIA however property currently listed for [Redacted]therefore we not have the required [Redacted]% equity to exclude payment. Departing residence is listed for sale per listing agreement in file and appraisal has been ordered to determine actual CLTV. Lender exception was approved with following conditions: Max [Redacted]% CLTV, All other Sale of department Residence guidelines to be met per [Redacted] | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-28): Client elects to waive with compensating factors. |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223304462 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2025-05-02): Client elects to waive. Reviewer Comment (2025-05-01): Required proof of delivery for secondary appraisal report with report date of [Redacted] as unable to verify details from doc id [Redacted]and [Redacted].Exception remains. Buyer Comment (2025-04-29): Please see internal doc [Redacted]-[Redacted]for proof sent to borrower. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223304462 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of $vexceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Pest Inspection Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-08): [Redacted] received Corrected CD and LOE to borrower moving fee to correct Section [Redacted] Reviewer Comment (2025-05-07): [Redacted] Received Email confirmation for Survey fee; however, no rebuttal received for Pest Inspection fee. [Redacted] is unable to determine from the file whether the lender or title company requried the Pest Inspection fee. If the lender required the Pest Inspection then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-05-06): Please see attached Reviewer Comment (2025-05-02): [Redacted]received Post CD and LOX. However, we are unable to determine from the file whether the lender or title company requried the Pest inspection. If the lender required the Pest inspection fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Pest inspection Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-04-30): Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223304462 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-07): [Redacted] Received Corrected PCCD and LOE moving fee to section H. Buyer Comment (2025-05-06): See attached Reviewer Comment (2025-05-02): [Redacted] received Post CD and LOX. However, we are unable to determine from the file whether the lender or title company requried the survey. If the lender required the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-04-30): Please see attached |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223304463 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-Sign consent agreement is not located in the file. | Reviewer Comment (2025-04-30): E-sign consent received. Buyer Comment (2025-04-29): E-sign |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223304572 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Appraisal Receipt is missing | Reviewer Comment (2025-04-30): Appraisal Delivery Receipt received. Buyer Comment (2025-04-29): Appraisal Delivery Receipt |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223304572 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Title - Attorney Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted] Percent Fee Tolerance exceeded for Title - Attorney Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-25): Sufficient Cure Provided At Closing |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223304573 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | The file is missing documentation verifying the borrowers received a copy of the appraisal within [Redacted]business days of closing. | Reviewer Comment (2025-04-30): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-04-29): Appraisal delivery |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223304573 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | The file is missing documentation verifying the borrowers received a copy of the appraisal within [Redacted] business days of closing. | Reviewer Comment (2025-05-02): Appraisal delivery receipt received for Preliminary Appraisal & associated. Exception cleared. Buyer Comment (2025-05-01): appraisal delivery Reviewer Comment (2025-05-01): Provided delivery receipt is already updated, required delivery receipt of [Redacted] appraisal. Exception Remains. Buyer Comment (2025-04-30): Appraisal |
05/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223304573 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-02): Appraisal delivery receipt received for Preliminary Appraisal & associated. Exception cleared. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223304573 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | The file is missing documentation verifying the borrowers received a copy of the appraisal within [Redacted]business days of closing. | Reviewer Comment (2025-04-30): Proof of appraisal delivery received, exception cleared. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223304573 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | The file is missing documentation verifying the borrowers received a copy of the appraisal within [Redacted]business days of closing. | Reviewer Comment (2025-05-02): Appraisal delivery receipt received for Preliminary Appraisal & associated. Exception cleared. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223304575 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-06): Received Title Final in the file. Exception Cleared. Buyer Comment (2025-05-02): Please see attached |
05/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | A | B | A | A | A | N/A | No | ||||||||||||||
| 223304575 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file is missing a copy of the final title policy. | Reviewer Comment (2025-05-06): Received Title Final in the file. Exception Cleared. |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | B | A | B | A | A | A | N/A | No | ||||||||||||||
| 223304593 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-05-09): Received business purpose certificate. Exception cleared. Buyer Comment (2025-05-08): See attached Reviewer Comment (2025-05-01): Provided document is not Business Purpose Certificate. Exception Remains. Buyer Comment (2025-04-29): Please see attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223304593 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Asset statements provided must cover at least [Redacted]days on purchases | Reviewer Comment (2025-05-09): Provided 1003 application excluding account ending with #[Redacted]. Asset requirement met. Exception cleared. Buyer Comment (2025-05-08): See attached Reserves requirements for [Redacted] is [Redacted] months ( $[Redacted]x [Redacted]= $[Redacted]) CC is $[Redacted] Verified assets is $[Redacted](after removing $[Redacted]assets). $[Redacted]+ $[Redacted]= $[Redacted]required to be verified. We have $[Redacted] Buyer Comment (2025-05-08): See attached Reserves requirements for [Redacted] is [Redacted]months ( $[Redacted]x [Redacted]= $[Redacted]) [Redacted] is $[Redacted] Verified assets is $[Redacted](after removing $[Redacted]k assets). $[Redacted]+ $[Redacted]= $[Redacted]required to be verified. We have $[Redacted] Buyer Comment (2025-05-08): See attached Reserves requirements for [Redacted] is [Redacted]months ( $[Redacted]x [Redacted]= $[Redacted]) [Redacted] is $[Redacted] Verified assets is $[Redacted](after removing $[Redacted]assets). $[Redacted]+ $[Redacted]= $[Redacted]required to be verified. We have $[Redacted] Reviewer Comment (2025-05-08): No new document received. Checking account ending with [Redacted]is mentioned on final 1003 loan application. Provide revised final 1003 application excluding account # [Redacted]. Exception remains. Buyer Comment (2025-05-07): This account is not needed -borrower had $[Redacted] without this account leaving $[Redacted] for reserves without the [Redacted] account. Can we proceed without this account as the borrower had enough for cash to close ($[Redacted]) leaving [Redacted]+ mos reserves? Reviewer Comment (2025-05-05): Provided statement for [Redacted] shows balance as of [Redacted]. Asset statements must cover at least [Redacted] days on purchases. Exception remains. Buyer Comment (2025-05-02): [Redacted] and [Redacted] statements are in file, this is [Redacted] days coverage. |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223304614 | [Redacted] | [Redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | The Guarantor's Percent of Business Ownership does not meet guideline requirements. | - % of Business Ownership: ___ % of Business Ownership: ___ % of Business Ownership: ___ % of Business Ownership: ___ |
Borrower does not have >[Redacted]% ownerships in the business. | Reviewer Comment (2025-04-28): Per lender exception |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| 223304614 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for borrower are requesting to purchase an investment property utilizing ICF to qualify while closing in a [Redacted]member LLC. Section [Redacted]requires a maximum of [Redacted]members of an LLC. Borrower want to take title in the name of an LLC. There are [Redacted]members of the LLC, all of which will be on the loan. Guidelines state [Redacted]members max. Would like an exception to allow the LLC w/[Redacted]member. Copies of the LLC docs are attached. LLC was formed in CA which is the state where they will buy. LLC is in good standing. All [Redacted]members of the LLC are the borrowers who will be on the loan borrower's have a large down payments so the [Redacted] will be high on the property they want to purchase. They have tons of reserves and a prior transfer history of being landlords. Borrower [Redacted]'s FICO is [Redacted]. they want to place an offer ASA. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. Buyer Comment (2025-04-29): Please clarify request or clear as exception request and approval are in file. Reviewer Comment (2025-04-28): Client elected to waive exceptions with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223304623 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | ATR failure due to insufficient income documentation. [Redacted] provided isn't signed by the borrower. This exception will be cleared by providing signed and dated [Redacted]. | Reviewer Comment (2025-05-22): Exception Cleared, signed 1040 is received. Buyer Comment (2025-05-21): 1040 Signed |
05/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MI | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223304623 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - S-Corp | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify S-Corp income using reasonably reliable third-party records. | ATR failure due to insufficient income documentation. [Redacted]provided isn't signed by the borrower. This exception will be cleared by providing signed and dated [Redacted]. | Reviewer Comment (2025-05-22): Exception Cleared, signed 1040 is received. Buyer Comment (2025-05-21): 1040 Signed Uploaded |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223304623 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | ATR failure due to insufficient income documentation. [Redacted] provided isn't signed by the borrower. This exception will be cleared by providing signed and dated [Redacted]. | Reviewer Comment (2025-05-22): Exception Cleared, signed 1040 is received. |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223304625 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted]but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-30): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception." Buyer Comment (2025-04-29): Please see attached |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223304625 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |
04/30/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223304652 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2025-05-01): Initial Rate lock document received. Details verified and updated. Exception cleared. Buyer Comment (2025-04-29): Please see attached |
05/01/2025 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Refinance - Rate/Term | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223305255 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-30): Received Title Commitment document with valid policy amount, information validated accordingly. Exception Cleared. Buyer Comment (2025-04-29): Title supplement |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223305255 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Appraisal receipt was not provided to the borrower with in [Redacted]business days to the note date. | Reviewer Comment (2025-04-30): Received proof/receipt which confirms copy of appraisal report e-mail to borrower from [Redacted] business days prior to closing date, information validated. Exception cleared. Buyer Comment (2025-04-29): appraisal delivery |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223306441 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [Redacted] rate lock is missing. | Reviewer Comment (2025-05-02): Initial rate lock is provided. Exception cleared. Buyer Comment (2025-05-01): Lock |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Purchase | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223306441 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | Secondary valuation is missing. | Reviewer Comment (2025-05-07): Received required documentation. Condition cleared. Buyer Comment (2025-05-05): CDA Reviewer Comment (2025-05-01): No new document received. Collateral Underwriter Score is [Redacted] which is more than [Redacted] Secondary valuation is required. Exception remains. Buyer Comment (2025-04-30): Full Appraisal Provided, no secondary Valuation needed |
05/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223306460 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate missing in loan file. | Reviewer Comment (2025-05-05): Received business purpose certificate. Exception cleared. Buyer Comment (2025-05-02): BPC |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223306460 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Section [Redacted]: Rural Investment property. Exception is needed due to Section [Redacted]: Rural Investment property. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted]ba SFR located in a rural are with greater than [Redacted]acre, and public utilities . The required CDA has not been received yet. Exception Approved. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-29): Client elects to waive with compensating factors. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223306460 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Limitation on other REO. Exception Request: Section [Redacted]: Rural Investment property. Exception is needed due to Section [Redacted]: Rural Investment property. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted]ba SFR located in a rural are with greater than [Redacted]acre, and public utilities . The required CDA has not been received yet. Exception Approved. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-29): Client elects to waive with compensating factors. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223306460 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The articles of organization is missing for the borrowing entity, [Redacted]. | Reviewer Comment (2025-05-05): Received amended articles of organization for [Redacted]. Exception cleared. Buyer Comment (2025-05-02): Amendment - Name Change Buyer Comment (2025-05-02): AOO |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223306460 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The certificate of good standing is missing for the borrowing entity, [Redacted]. | Reviewer Comment (2025-05-06): Received certificate of good standing. Exception cleared. Buyer Comment (2025-05-05): SOS Reviewer Comment (2025-05-05): Provided good standing is more than [Redacted] days prior to note date. Certificate of Good Standing from the Applicable Sec of State Office, dated within [Redacted] days of the note date is required. Exception remains. Buyer Comment (2025-05-02): COE |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223306460 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The OFAC is missing for the borrowing entity, [Redacted]. | Reviewer Comment (2025-05-02): Received OFAC for the borrowing entity in the file. Exception Cleared. Buyer Comment (2025-05-01): OFAC |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223306481 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-02): Appraisal delivery receipt received & associated. Exception cleared. Buyer Comment (2025-05-01): please waive, aprsl receipt is on [Redacted], pg [Redacted] in trailing docs. |
05/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Second Home | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223306482 | [Redacted] | [Redacted] | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-05-06): Provided condo approval. Exception cleared. Buyer Comment (2025-05-05): Condo Approval |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223306482 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Only [Redacted]month statement was provided for all accounts. Please provide the additional consecutive statement for each account. | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): all accounts |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223306485 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-02): Received business purpose certificate. Exception cleared. Buyer Comment (2025-05-01): cert upld |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223306485 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-20): Received tax rate and lender clarification. Condition cleared. Buyer Comment (2025-05-19): Tax cert Reviewer Comment (2025-05-19): Please provide property tax cert/tax worksheet reflecting tax rate of [Redacted]. Buyer Comment (2025-05-16): Please provide the PITI breakdown used for the subject property used to calculate the [Redacted]. I suspect our variance may be in the taxes? Per the tax cert the tax rate is [Redacted]% x SP = $[Redacted]or $[Redacted]/mo |
05/20/2025 | 1 | A | A | A | A | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223306489 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of [Redacted] Citizen Status not provided | Borrower is Non-Permanent Resident Alien. Visa or Passport or Verification of [Redacted] Citizen Status document are not available in file for borrower. | Reviewer Comment (2025-05-02): Verification of Identification captured. Exception cleared. Buyer Comment (2025-05-01): Please see D[Redacted] page [Redacted]-[Redacted] |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223306489 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted]HPML Threshold Test Compliant | [Redacted]Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | Reviewer Comment (2025-05-06): Client elects to waive. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223306489 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted]but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-12): [Redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-05-09): PCCD |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223306489 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-14): [Redacted] received attestation is sufficient to clear. Buyer Comment (2025-05-13): Please see attached Reviewer Comment (2025-05-13): [Redacted] is unable to determine from the file whether the lender or title company requried the survey. If the lender required the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-05-12): Please clear as PCCD cure was provided |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223306933 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-05-08): Received required documentation. Condition cleared. Buyer Comment (2025-05-06): Secondary Valuation |
05/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Non QM | Non QM | No | |||||||||||
| 223306933 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit report Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-29): Sufficient Cure Provided At Closing |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | |||||||||
| 223306954 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in[Redacted]area. Provide a post-disaster inspection verifying there is no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redacted] declared end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC | Reviewer Comment (2025-05-06): Property inspected post disaster date, but prior to end date. No damage noted. Buyer Comment (2025-05-02): Appraisal Date [Redacted], Addendum, Page [Redacted] "The subject and the neighborhood has not sustained any damage from any recent fire disasters and marketability has not been affected." |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| 223306954 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file was missing a copy of E-Sign Consent Agreement. | Reviewer Comment (2025-05-02): E-sign Consent Agreement received. Exception cleared. Buyer Comment (2025-05-01): Consent |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223306956 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Cash out refinance vested in Land Trust. LTV is [Redacted]% below max [Redacted]%, FICO is [Redacted]points above min [Redacted]required, DTI is [Redacted]% below max [Redacted]% allowed and reserves from net proceeds = [Redacted]months. Bank statement income trend is increasing. Loan is pending verification of payment history for the private party mortgage on subject. [Redacted]does show prior history for foreclosure between[Redacted], most recent seasoned [Redacted]years. Credit report has a [Redacted]depth derog (no mortgages reported on credit) Lender exception was approved with the following conditions All other Signature Expanded guideline requirement to be met | Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-02): Client elects to waive with comp factors. Buyer Comment (2025-04-30): please clarify what is required |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223306956 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Extension Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-02): [Redacted] received a valid COC. Buyer Comment (2025-05-01): uploaded lox rebuttal |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223306956 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[Redacted]on LE but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-01): see uploaded lox rebuttal |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223306956 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $vexceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223306957 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Provided Bylaws is not signed by the borrower. | Reviewer Comment (2025-05-13): Received executed copy of Bylaws. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-12): Bylaws Reviewer Comment (2025-05-06): Provided Bylaws is not executed and incomplete. Exception remains. Buyer Comment (2025-05-05): Bylaws |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223306957 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-05-02): Provided OFAC Search result for borrowing business entity. Exception cleared. Buyer Comment (2025-05-01): OFAC |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223306957 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is requested to close in an LLC with less than [Redacted]% ownership. Borrower owns another investment property. Section [Redacted]requires an ownership interest of at lease [Redacted]% to use business assets. Section [Redacted]requires borrower to own [Redacted]% or more of the LLC. Compensating factor" Borrower owns another investment property. Section [Redacted]requires an ownership interest of at least [Redacted]% use business assets. Section [Redacted]requires the borrower to won [Redacted]% or more of the LLC. Compensating factor: Borrower owns another investment property. Comments from the LO: [Redacted]. title Vesting in LLC with < [Redacted]% : Ownership: The borrower intends to vest title in a family owned business entity where his wife and son are partial owners. Borrower has [Redacted]% ownership. While the borrower himself holds less than [Redacted]% ownership, this LLC is the same vehicle used to hold multiple investment properties-all owned free and clear- Indicating a successful and responsible history of real estate management. Vesting title this way aligns with the family's existing portfolio and asset [Redacted]ategy. ***Unable to downgrade/waive due to there ar no compensating factors selected on the exception request form*** |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with compensating factors. Buyer Comment (2025-05-08): Loan to Value [Redacted]% or more under requirement. Fico [Redacted] points or more above requirement. No public records found. No disputed nor derogatory account Current residence is owned free. |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223306957 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is requested to close in an LLC with less than [Redacted]% ownership. Borrower owns another investment property. Section [Redacted]requires an ownership interest of at lease [Redacted]% to use business assets. Section [Redacted]requires borrower to own [Redacted]% or more of the LLC. Compensating factor" Borrower owns another investment property. Section [Redacted]requires an ownership interest of at least [Redacted]% use business assets. Section [Redacted]requires the borrower to won [Redacted]% or more of the LLC. Compensating factor" Borrower owns another investment property. Section [Redacted]requires an ownership interest of at least [Redacted]% use business assets. Section [Redacted]requires the borrower to won [Redacted]% or more of the LLC. Compensating factor: Borrower owns another investment property. Comments from the LO: [Redacted]. Use of Business funds for closing. The borrower will be using funds from the family-owned business account for closing. Although his ownership interest is under [Redacted], the other owners (wife and son) are actively involved in the transaction and fully supportive. the borrower has his own liquid assets available to cover the required [Redacted]% down payment, ensuring compliance with minimum contribution guidelines. Additionally, I know we do not show income from employment or other businesses on [Redacted] however if we did, we would see long employment history with low DTI. ***Unable to downgrade/waive due to there ar no compensating factors selected on the exception request form*** |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with compensating factors. Buyer Comment (2025-05-08): Loan to Value [Redacted]% or more under requirement. Fico [Redacted]points or more above requirement. No public records found. No disputed nor derogatory account Current residence is owned free. |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223306997 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Reviewer Comment (2025-05-02): Received Note Addendum - Prepayment in the file. Exception Cleared. Buyer Comment (2025-04-30): [Redacted] Note addendum |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | N/A | Yes | |||||||||||||||
| 223306997 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Reviewer Comment (2025-05-02): Received Patriot Act Customer Identification in the file. Exception Cleared. Buyer Comment (2025-04-30): Patriot Act Form |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | N/A | No | |||||||||||||||
| 223306997 | [Redacted] | [Redacted] | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: [Redacted] | Note Date: ___; Lien Position: ___ | Lender may, at their discretion, choose to waive this [Redacted]exception. | Reviewer Comment (2025-05-05): Client elects to waive without compensating factors. Reviewer Comment (2025-05-05): This is an EV 2 exception for informational purposes only. Lender can waive at their discretion. Buyer Comment (2025-05-01): The appraised value is $[Redacted]. The CDA shows no value so we got a field review that agreed with the value of the appraisal. All of those are uploaded to the portal. I do not see anything that shows a lower value. |
05/05/2025 | 2 | A | A | A | A | A | A | A | A | B | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | N/A | No | |||||||||||||
| 223307156 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted]HPML Threshold Test Compliant | [Redacted]Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | Reviewer Comment (2025-04-30): Client elects to waive. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | No obvious cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223307156 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least ([Redacted]) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-30): [Redacted] received proof of receipt. Buyer Comment (2025-04-29): Please see attached |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| 223307574 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-05-08): Replacement Cost Estimator document received and verified. Exception cleared Buyer Comment (2025-05-07): RCE |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| 223307574 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-05-05): Final Title Policy received, Exception Cleared. |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| 223307574 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-05-05): Final Title Policy received, Exception Cleared. Buyer Comment (2025-05-01): Corrected title |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| 223307574 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval/[Redacted]is missing in the file. | Reviewer Comment (2025-05-01): Received 1008 for the requirement of Approval. Exception cleared. Buyer Comment (2025-04-30): 1008 |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| 223307574 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Oure borrowers are requesting a cash out refinance of a primary residence utilizing bank statement to qualify at [Redacted]% DTI and [Redacted]credit score. Exhibit B requires a minimum score of [Redacted]. Section [Redacted]prohibit the DTI from exceeding [Redacted]% on a cash out refinance. ***Comment from the LO: Borrower are consolidating debt. [Redacted](borrower) is self-employed for past [Redacted]years. Using [Redacted]months bank statements to qualify with [Redacted]% ratio rule. [Redacted](co-borrower) is salaried as a teacher for [Redacted]years. Because she's the primary wage is earner, we re using her score to qualify at [Redacted]. They want to payoff everything but the student loan which would pit their DTI right under [Redacted]. Hoping to get an exception with the lower LTV to over [Redacted]DTI. They' d be saving roughly $[Redacted]per month with the consolidation. Lender exception was approved with the following conditions: Max [Redacted]% LTV, Max [Redacted]% DTI | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. |
Borrower has owned the subject property for at least [Redacted] years. | SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-29): Client elected to waive exceptions with compensating factors. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| 223307574 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Mortgage Lending Regulations (Disclosure of Taxes and Insurance Not Provided Timely) | [Redacted]Mortgage Lending Regulations: Disclosure on responsibility for payment of [Redacted]and insurance not provided to borrower within ([Redacted]) business days of application or ([Redacted]) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-05-07): Client elects to waive. Reviewer Comment (2025-05-06): The earliest disclosure was issued on [Redacted] with an application date of [Redacted]. This is an EV2 exception and may be waived by the client at their discretion. Buyer Comment (2025-05-02): Disclosure, more than [Redacted] days before closing Reviewer Comment (2025-05-01): Evidence of receiving Escrow Responsibility Disclosure within [Redacted] business days of application [Redacted] or [Redacted] business days prior to closing [Redacted] is required. Exception remains. Buyer Comment (2025-04-30): Disclosure |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223307574 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-06): Sufficient Cure Provided At Closing |
05/06/2025 | 1 | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223307576 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-05-05): Exception Cleared, received Updated title policy. Buyer Comment (2025-05-02): Please see [Redacted] pg [Redacted], loan policy amount matches loan amount. |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Investment | Purchase | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223307664 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-02): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-04-30): uploaded proof of appraisal delivery [Redacted] |
05/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223307989 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | The most recent [Redacted]months housing history is not located in the file. | Reviewer Comment (2025-05-05): Received required documentation. Condition cleared. Buyer Comment (2025-05-01): Please see [Redacted] Statements in file under Doc [Redacted] - there is [Redacted] months payments made by Checks |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223308249 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA Letter and/or Third party verification of employment is missing from the file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Buyer Comment (2025-05-14): Exception Reviewer Comment (2025-05-07): Received documentation that was in the original file, however these documents are not dated within [Redacted] days of the note date as required by lender guides. Buyer Comment (2025-05-05): Closing VVOE |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223308249 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | CPA Letter and/or Third party verification of employment is missing from the file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Buyer Comment (2025-05-14): See Exception Reviewer Comment (2025-05-07): Received documentation that was in the original file, however these documents are not dated within [Redacted] days of the note date as required by lender guides. Buyer Comment (2025-05-05): See upload |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||
| 223308252 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Income Statement (VRBO, [Redacted], etc.) not provided | Missing for the most recent [Redacted]-month period. | Reviewer Comment (2025-05-02): Received [Redacted] months short term rental income. Exception cleared. Buyer Comment (2025-05-01): Q4 Buyer Comment (2025-05-01): Q1 - Q3 |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223308252 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requesting an exception for [Redacted]non-warrantable [Redacted]. Reserve allocation on budget is only [Redacted]% & [Redacted]unit occupancy re[Redacted]ictions limited to [Redacted]days per year. Seeking an exception for Condotel with Occupancy re[Redacted]ictions, square footage, cooktop, and no bedrooms. Exception Conditions are Max [Redacted]% LTV, Min [Redacted][Redacted], Min [Redacted]year [Redacted] and Subject to meeting all other Signature Expanded guideline requirements. | The representative FICO score exceeds the guideline minimum by at least [Redacted]points. | FICO is [Redacted] vs the minimum of [Redacted] LTV is [Redacted]% Long term home ownership |
Originator Pre-Close,SitusAMC | Reviewer Comment (2025-04-29): Client elects to down grade and waive using compensating factors FICO is [Redacted] vs the minimum of [Redacted] LTV is [Redacted]% Long term home ownership |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223308320 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Insurance Policy Expiration Date is less than [Redacted]days of the Note Date and does not have automatic renewal. | Renewed Master Hazard Insurance is required as the current Policy expiring within [Redacted]days from closing. | Reviewer Comment (2025-05-02): Provided renewed hazard insurance policy. Exception cleared. Buyer Comment (2025-05-01): Master Policy |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223308320 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-05-07): Received required documentation. Condition cleared. |
05/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223308320 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | Title Report reflects Judgments in the amount of $[Redacted], $[Redacted], $[Redacted]and [Redacted]which need to be paid at closing or prior to closing. | Reviewer Comment (2025-05-07): Received required documentation. Condition cleared. Buyer Comment (2025-05-05): Final title policy |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223308967 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: [Redacted] | CDA provided is for a different property address. | Reviewer Comment (2025-05-05): Received CDA for subject property address. Exception cleared. Buyer Comment (2025-05-02): cda upld Buyer Comment (2025-05-01): disregard previous comment Buyer Comment (2025-05-01): please cancel cond, [Redacted] valuations provided in initial file - appraisal [Redacted]and CDA [Redacted]. |
05/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223308967 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-05-06): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-05): cert upld Reviewer Comment (2025-05-02): Business Purpose Certificate will be required stating this loan is being made for business purpose only. Exceptions remains. Buyer Comment (2025-05-01): please cancel cond, business purpose cert not required on [Redacted] property. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223308967 | [Redacted] | [Redacted] | XXXX | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Provided appraisal is for a different property address. | Reviewer Comment (2025-05-05): Received appraisal 1025 for subject property address. Exception cleared. Buyer Comment (2025-05-02): aprsl upld |
05/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309250 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage of $[Redacted]is insufficient to cover the mortgage amount of $[Redacted]. File does not contain evidence of extended replacement cost or a replacement cost estimator from the insurer. | Reviewer Comment (2025-05-02): Provided replacement cost estimator. Exception cleared. Buyer Comment (2025-05-01): RCE |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223309258 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-05): Received Title Commitment with the coverage amount in the file. Exception Cleared. Buyer Comment (2025-05-01): Please see attached |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 223309258 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender is needed exception due to Section [Redacted]: Rural Investment Property. Exception request for eligibility of subject property. The Subject is a [Redacted] ba SFR located in an rural area with [Redacted]acres, well water, and septic sewer. The subject is legally zoned as "Agriculture/Rural Residential," however, the appraiser has confirmed there did not appear to be any ag use at the time of the inspection, though it would not be unusual for the area (see page[Redacted] PDF). A supportive CDA is on file. Compensating factors are Loan To Value [Redacted]% or more under requirement. and FICO [Redacted]points or more above requirement. Exception Conditions are Minimum [Redacted]Year [Redacted], Max [Redacted]LTV, Minimum [Redacted][Redacted] and All other Signature Expanded guidelines to be met. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-30): Client elects to waive with compensating factors. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223309258 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | As indicated in lender write up on the [Redacted], borrower was in the process of also purchasing [Redacted]. Confirmation that sufficient funds were in the [Redacted]exchange was required. The subject transaction reflects [Redacted]exchange funds of $[Redacted]and the funds to close on [Redacted]was $[Redacted]. The CD provided for the property at [Redacted] is dated prior to the [Redacted]exchange letter. Please provide evidence the borrower did indeed have sufficient funds for the subject transaction. | Reviewer Comment (2025-05-06): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-02): Please see internal documents D[Redacted], D[Redacted],D[Redacted] and D[Redacted]. There is an initial 1031 exch confirmation letter and Final SS from the sale of the borrower's property confirming total proceeds of over $[Redacted]mm. The other is from the purchase of the [Redacted] property, where a portion of the funds were used towards that purchase (*per the Final CD, the borrower also received ~ $[Redacted]back at closing). The 1031 exch letter with that one confirms a remaining balance of $[Redacted]- which is what was entered on the 1003 and used towards funds to close and reserves on the subject property [Redacted]. The borrowers had sufficient funds to close and for reserves, as the F/E UW confirmed on their final 1003/1008. Please cancel this condition as it is invalid and all relevant document has been provided. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223309260 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | The file is missing documentation verifying the borrowers received a copy of the appraisal within [Redacted]business days of closing. | Reviewer Comment (2025-05-09): Client elects to waive without compensating factors. Reviewer Comment (2025-05-05): Exception remains: [Redacted] business days prior to closing would be [Redacted]. Date of borrower acknowledging the delivery of the appraisal is not evident in the provided supporting document D[Redacted] Buyer Comment (2025-05-02): Proof of delivery |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Second Home | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223309260 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | The file is missing documentation verifying the borrowers received a copy of the appraisal within [Redacted]business days of closing. | Reviewer Comment (2025-05-09): Client elects to waive without compensating factors. Reviewer Comment (2025-05-05): Provide proof which has a borrower receipt date. Receipt Date is not evident from the provided document. Condition remains. Buyer Comment (2025-05-02): AVM Proof |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Second Home | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223309260 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-29): Sufficient Cure Provided At Closing |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223309262 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-05-05): Received E-Sign Consent document. Exception cleared. Buyer Comment (2025-05-02): UPLOADED ECONSENT REPORT |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223309262 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Fee total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-29): Sufficient Cure Provided At Closing |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223309431 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing | Reviewer Comment (2025-05-06): Received business purpose certificate. Exception cleared. Buyer Comment (2025-05-02): Please see attached |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223309444 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-02): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-01): Original appraisal Buyer Comment (2025-05-01): See D[Redacted] for the original receipt of appraisal on [Redacted] Buyer Comment (2025-04-30): Appraisal sent |
05/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NH | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309444 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2025-05-02): Proof of appraisal delivery received, exception cleared. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309444 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-02): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-01): Original appraisal Buyer Comment (2025-05-01): See D[Redacted] for the original receipt of appraisal on [Redacted] Buyer Comment (2025-04-30): Appraisal sent |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309444 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is purchasing a primary residence, to qualify excluding [Redacted]loans that are paid business - requiring confirmation from accountant that all [Redacted]are business obligation DLL-borrower consistency pays right at [Redacted]days late but for [Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Borrower's Own Funds Percent: [Redacted]% Borrower's Own Funds Amount: $[Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-30): Client elected to waive exceptions with compensating factors. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NH | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223309455 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested an exception for[Redacted] non-warrantable [Redacted]. Please note we did receive approval back in [Redacted]for a different client. There is a mandatory membership fee for a clubhouse owned by the developer and the HOA leases. Secondly, per unit deductible that exceeds [Redacted]%, see deductible calculation provided it does not pass | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-30): Client elects to waive with compensating factors. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223309462 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Proof of Appraisal delivery not provided in file. | Reviewer Comment (2025-05-05): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-02): [Redacted] aprsl receipt upld |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223309462 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for [Redacted]Guaranty Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]Guaranty Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-12): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-09): Please see attached |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223309462 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-05-05): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-02): [Redacted] aprsl receipt upld |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223309469 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-06): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-05): BPC |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223309472 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of [Redacted]% exceeds Guideline total debt ratio of [Redacted]%. [Redacted]. property is pending sale and is missing the final closing statement to confirm [Redacted]. | Reviewer Comment (2025-05-06): Explanation letter available in file stated " it is our intention to sell our current home within [Redacted] days of closing this loan and same verified from guidelines/deal document hence excluded from DTI. Exception cleared. Buyer Comment (2025-05-05): This was [Redacted] not pending sale but excluding due to guides. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223309472 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided prior to ([Redacted]) business days of closing. | Reviewer Comment (2025-05-05): Exception Cleared; Proof of Appraisal delivery document is received. Buyer Comment (2025-05-02): proof of [Redacted] appraisal delivery |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309472 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Calculated investor qualifying total debt ratio of [Redacted]% exceeds Guideline total debt ratio of [Redacted]%. [Redacted]. property is pending sale and is missing the final closing statement to confirm [Redacted]. | Reviewer Comment (2025-05-06): Loan is Non-QM. Reviewer Comment (2025-05-06): Update: Citing is due to missing: Missing W-2/paystub (LES/ETS)/WVOE or not dated within reasonable time frame for this income source. Reviewer Comment (2025-05-06): Unable to clear the exception due to other relevant exceptions are still open. Exception Remains. Buyer Comment (2025-05-05): This was [Redacted] not pending sale but excluding due to guides. |
05/06/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223309472 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to [Redacted]-B.) | Calculated investor qualifying total debt ratio of [Redacted]% exceeds Guideline total debt ratio of [Redacted]%. [Redacted]. property is pending sale and is missing the final closing statement to confirm sold. | Reviewer Comment (2025-05-06): Explanation letter available in file stated " it is our intention to sell our current home within [Redacted] days of closing this loan and same verified from guidelines/deal document hence excluded from DTI. Exception cleared. Buyer Comment (2025-05-05): This was [Redacted] not pending sale but excluding due to guides. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309476 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent agreement is missing in the file. | Reviewer Comment (2025-05-06): Received evidence E-Sign Consent document. Exception cleared. Buyer Comment (2025-05-02): eConsent and agreement |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309706 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Requesting exception to use [Redacted]mo short term rents avg on other investment property that borrower hasn't owned [Redacted]months (essentially using, our borrower history + the prior owners history for the [Redacted]months, not just avg the income from when our borrower bought it over the [Redacted]mo), We do have the history as the purchase of that property was a loan we did, and we have the inform from it, and branch did also get a [Redacted]which does show higher rents then they want to use. Lender exception was approved with the following conditions: [Redacted]% LTV Max, Max [Redacted] DTI Max, The payment on [Redacted] may be offset only by the payments on that property not giving any additional income toward the subject property loan. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-30): Client elected to waive exceptions with compensating factors. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223309706 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-06): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-02): Please see attached |
05/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223309706 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [Redacted]% Method | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify Real Estate Owned income ([Redacted]% Method) using reasonably reliable third-party records. | Using Short term rental income. Lease Agreement not available in file. | Reviewer Comment (2025-04-30): Cleared per lender exception approval |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223309717 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-05-05): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-01): Receipt |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309725 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within ([Redacted]) business days of application. | [Redacted]signed on [Redacted]; app date is [Redacted]. | Reviewer Comment (2025-05-05): [Redacted] received initial LE dated [Redacted] Buyer Comment (2025-05-02): Initial LE Buyer Comment (2025-05-02): See initial LE |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223309725 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of $[Redacted]is less than Guideline Available for Reserves of $$[Redacted]. | Reviewer Comment (2025-05-08): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-06): file is sign. agency. DU and LP do not call for the higher reserves |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Evidence of title is missing in file. | Reviewer Comment (2025-05-07): Provided Title commitment. Reviewed and updated title screen. Exception cleared. Buyer Comment (2025-05-05): title policy |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Reviewer Comment (2025-05-07): Full appraisal is provided with effective date of [Redacted]. Exception cleared. Buyer Comment (2025-05-05): We have a full Appraisal |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Evidence is Missing in file. | Reviewer Comment (2025-05-07): Provided Title commitment. Reviewed and updated title screen. Exception cleared. Buyer Comment (2025-05-05): title policy |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: [Redacted] | [Redacted]Appraisal is missing in file. | Reviewer Comment (2025-05-07): Received Appraisal. Exception Cleared. Buyer Comment (2025-05-05): CDA |
05/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | OFAC is missing in file. | Reviewer Comment (2025-05-07): Provided fraud report has OFAC search result for all the guarantors. Exception cleared. Buyer Comment (2025-05-05): drive report with ofac |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-05-07): Provided Articles of Organization/Formation. Exception cleared. Buyer Comment (2025-05-05): Business docs |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file. | Reviewer Comment (2025-05-07): Certificate of Good Standing is provided. Exception cleared. Buyer Comment (2025-05-05): good standing |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter is missing in file. | Reviewer Comment (2025-05-07): Provided Closing Protection Letter. Exception cleared. Buyer Comment (2025-05-05): Closing protection |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in file. | Reviewer Comment (2025-05-07): Provided corporate Resolution signed by all the members of the borrowing business entity. Exception cleared. Buyer Comment (2025-05-05): business docs |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Credit Report for all borrowers are missing in file. | Reviewer Comment (2025-05-12): Received Credit Report in the file. Exception Cleared. Buyer Comment (2025-05-08): Credit Report [Redacted] and [Redacted] Reviewer Comment (2025-05-07): Provided Credit report only of [Redacted]. Provide Credit report of [Redacted] & [Redacted]. Exception remains. Buyer Comment (2025-05-05): Credit report |
05/12/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in file. | Reviewer Comment (2025-05-07): Received Employer Identification Number (EIN). Exception Cleared. Buyer Comment (2025-05-05): EIN |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Flood Certificate is missing in file. | Reviewer Comment (2025-05-07): Received Flood Certificate. Exception Cleared. Buyer Comment (2025-05-05): Flood Cert. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report for all borrowers are missing in file. | Reviewer Comment (2025-05-07): Received Fraud Report. Exception Cleared. Buyer Comment (2025-05-05): Drive report |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing in file. | Reviewer Comment (2025-05-07): Received Hazard insurance. Exception Cleared. Buyer Comment (2025-05-05): Insurance |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is missing in file. | Reviewer Comment (2025-05-12): Received OFAC for the business entity in the file. Exception Cleared. Buyer Comment (2025-05-08): Business OFAC Reviewer Comment (2025-05-07): Received Fraud Report with OFAC search however OFAC is missing for business entity. Exception Remains. Buyer Comment (2025-05-05): OFAC |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-05-07): Received Operating Agreement. Exception Cleared. Buyer Comment (2025-05-05): agreement |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rate Lock is missing in file. | Reviewer Comment (2025-05-07): Received Rate Lock. Exception Cleared. Buyer Comment (2025-05-05): Lock |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Appraisal is missing in file. | Reviewer Comment (2025-05-07): Received Appraisal. Exception Cleared. Buyer Comment (2025-05-05): Appraisal |
05/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Flood Insurance Error: Insurance premium was not provided. | Flood Insurance is missing in file. | Reviewer Comment (2025-05-12): Received Flood Insurnace in the file. Exception Cleared. Buyer Comment (2025-05-08): Prem paid and amount |
05/12/2025 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | Provided Secondary valuation subject address does not match with note address. Require secondary Appraisal. | Reviewer Comment (2025-05-16): Received secondary and lender attestation regarding address. Condition cleared. Buyer Comment (2025-05-15): Rebuttal Email |
05/16/2025 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Flood Insurance Policy is missing in file | Reviewer Comment (2025-05-12): Received Flood Insurnace in the file. Exception Cleared. |
05/12/2025 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| 223309726 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-16): Updated input. Condition cleared. Buyer Comment (2025-05-15): [Redacted] : [Redacted] is correct. [Redacted] to assign condition to add rental income after reviewing 1025 apprsl during exception clearing (*condt cleared but rental income not added to portal*) - *Per LOE in file and apprsl - brrwrs purchased subjct in [Redacted] w/ one mo-to-mo lease (low @ $[Redacted]/mo) and issued vacancy notice to tenant. UWer used [Redacted] % of market rents to qual. |
05/16/2025 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| 223309736 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception: Acceptance based on hypothetical condition that the non-lendable mobile home does not exist & Section [Redacted]: Unacceptable Property Type (Unique Property) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Debt Service Coverage Ratio: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-30): Client elects to waive with compensating factors. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223309736 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved: Borrower does not have [Redacted]months landlord history and does not meet waiver due to living rent free. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Debt Service Coverage Ratio: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-30): Client elects to waive with compensating factors. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223309754 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business purpose certificate is missing in file. | Reviewer Comment (2025-05-05): Received business purpose certificate. Exception cleared. Buyer Comment (2025-05-02): BPC |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223309754 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for the borrowing entity. | Reviewer Comment (2025-05-05): Received OFAC for borrowing business entity. Exception cleared. Buyer Comment (2025-05-02): OFAC |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223311333 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-05): Proof of appraisal delivery already in the file, exception cleared. Buyer Comment (2025-05-02): Pg [Redacted] D[Redacted] (Top shows borrower signed/confirmed receipt [Redacted] ) Please cancel |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223311333 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% which exceeded the threshold of APOR [Redacted]%. | Reviewer Comment (2025-05-05): Proof of appraisal delivery already in the file, exception cleared. Buyer Comment (2025-05-02): Pg [Redacted] D[Redacted] (Top shows borrower signed/confirmed receipt [Redacted]) Please cancel. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223311333 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-05): Proof of appraisal delivery already in the file, exception cleared. Buyer Comment (2025-05-02): Pg [Redacted] D[Redacted](Top shows borrower signed/confirmed receipt [Redacted]) Please cancel |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223311333 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided for borrowers only have [Redacted]tradeline. FTHB, ITIN purchasing condo, each borrower only has [Redacted]tradeline, each over [Redacted]months old, currently renting - will request VOR, also requesting alternative tradelines, minimal usage of debt, low DTI, [Redacted]months reserves, residual income $[Redacted], employed [Redacted]years at same employer. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223311353 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided in file: Lender exception request for [Redacted]non-warrantable characteristics is approved. Property is considered a condotel, however, does meet the [Redacted] guides for exception. Secondly, the subject unit is investor unit, and the managing agent cannot confirm how many investor units are in the HOA. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. |
Occupancy: [Redacted] | SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-30): Client elected to waive exceptions with compensating factors. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223311372 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Proof of Appraisal delivery not provided in file. | Reviewer Comment (2025-05-05): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-02): Appraisal sent |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Investment | Refinance - Rate/Term | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223311373 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: ACH Verification not provided | Required ACH verification for a bank in the [Redacted] is missing from the file and is required for Foreign nationals. | Reviewer Comment (2025-05-05): Received ACH in the file. Exception Cleared. Buyer Comment (2025-05-02): ACH |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223311377 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year [Redacted]Underdisclosed - [Redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [Redacted]of on Final Closing Disclosure provided on [Redacted] are underdisclosed. | HOA fee of $[Redacted]per month included per appraisal, however it was not disclosed on [Redacted], Final [Redacted]and Final Closing Disclosure. | Reviewer Comment (2025-05-08): [Redacted] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-05-07): PCCD Reviewer Comment (2025-05-06): [Redacted] received 1008. However, we would require Post CD along with LOX to be mentioned with Non -Escrowed Property cost over year [Redacted] $[Redacted]. Buyer Comment (2025-05-05): revised 1008 |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223311476 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2025-05-23): Exception Cleared, updated 1008 is provided. Buyer Comment (2025-05-21): [Redacted] now aligns with [Redacted] Buyer Comment (2025-05-21): 1008 Reviewer Comment (2025-05-20): The credit screen was updated, but it appears the discrepancy is in the rental income based on the 1008. DD rental calculations match the final 1003, but not the 1008. Buyer Comment (2025-05-19): Please update consumer debt as previously requested to match "hard pull" credit as described in other condition |
05/23/2025 | 1 | A | A | A | A | A | CT | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223311476 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy: FICO | Reviewer Comment (2025-05-19): Received hard pull credit report. Condition cleared. Buyer Comment (2025-05-16): Hard pull credit report Buyer Comment (2025-05-16): Please see the "hard" pull credit report with the [Redacted] mid credit score. ALSO, please adjust the consumer debt monthly payments. I believe its just the [Redacted] is $[Redacted]now and the [Redacted] is $[Redacted] |
05/19/2025 | 1 | A | A | A | A | A | CT | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 223311478 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-06): Received Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-05-02): Please see attached |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223311492 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Cure amount provided on final CD, file does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223311503 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request to use job income that borrower has not held for [Redacted]+ years (started job on [Redacted]). Request to use adjunct professor pay using [Redacted]month average is approved. Exception approval stipulates max LTV [Redacted]% however, calculated LTV [Redacted]%. Also, compensating factor "Fico [Redacted]points or more needs to be added. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Borrower's Own Funds Percent: [Redacted]% Borrower's Own Funds Amount: $[Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Client elects to waive with compensating factors. Buyer Comment (2025-05-06): Comp factors = >[Redacted] years homeownership, Residual income $[Redacted]>.[Redacted] % loan amt ($[Redacted]), DTI [Redacted] % less than [Redacted] % max., FICO [Redacted] is [Redacted] pts above minimum of [Redacted] ([Redacted] pts required) Reviewer Comment (2025-05-01): LTV Reviewer Comment (2025-05-01): Unable to clear due to LTV Reviewer Comment (2025-05-01): Client elected to waive exceptions with compensating factors. |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | SC | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223311503 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Estimated cost new: $[Redacted]. Total hazard provided; $[Redacted]. Coverage shortfall: $[Redacted]. | Reviewer Comment (2025-05-06): Replacement cost estimator received. Exception Cleared. Buyer Comment (2025-05-05): rce upld |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223311504 | [Redacted] | [Redacted] | XXXX | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Housing history reflects lates that do not meet guidelines. | - Housing history reflects a total of ___ reported late payments. | Lender exception provided in file for late payment history. Borrower was going through a divorce at the time of lates, LOE provided from borrower. Borrower has [Redacted]in retirement plus [Redacted]in savings.[Redacted]+ years on job. Counter offer to max [Redacted]% LTV, LLPA -.[Redacted], Autopay required. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-05): Client elects to waive with compensating factors. Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| 223311506 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-05): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-02): appraisal was signed |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223311506 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | This is a New Project in [Redacted], and it does not meet Pre-sale requirements. As of [Redacted]there were [Redacted]units [Redacted], [Redacted]primary, [Redacted][Redacted]homes, & [Redacted]investment. With our loan it would make it [Redacted]units [Redacted], [Redacted]primary, [Redacted]nd home, & [Redacted]investment. Therefore, pre-sale would be [Redacted] and an owner occupancy ratio of [Redacted]% [Redacted]. The project is estimated to be completed as of [Redacted]. The developer does not plan on retaining any units and they are all currently marketed for sale. Reserve contributions are at [Redacted]%. This is an investment purchase at [Redacted]% LTV. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Documentation Type: [Redacted]yr Full Doc Disposable Income: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): Client elects to waive with compensating factors. Buyer Comment (2025-05-05): however we did not use any rent credit for the subject (or the other rental property either) so I don't think we need the 1007. I searched their guides and a 1007 is only mentioned once and that is if we are going to be using rent credit. Secondly, we have an exception in file for the condo project approval which includes several comp factors. Both conditions should be cancelled. |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223311516 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to use [Redacted] to calculate [Redacted] at [Redacted]% LTV and allow for projected occupancy at [Redacted]%. Compensating factors noted are FICO [Redacted]points or more above requirement |
Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223311516 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-13): Received business purpose certificate. Exception cleared. Buyer Comment (2025-05-12): cert upld |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223311522 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-05): Appraisal delivery confirmation document was provided, Exception Cleared. Buyer Comment (2025-05-02): See pg [Redacted] D[Redacted] and waive. Borrower acknowledged they received all copies of the appraisal. |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Investment | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223311586 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted]provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-05-05): Provided Replacement Cost Estimator with estimated reconstruction cost of $[Redacted]. Exception cleared. Buyer Comment (2025-05-02): RCE |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223311603 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination for "Exception is needed due to Section [Redacted]: [Redacted]Investment Property & Section [Redacted]: Properties Recently Listed for Sale. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] ba PUD located in a rural area, with public utilities. Per online resources, the subject was originally listed on [Redacted] for $[Redacted], then reduced on[Redacted] to $[Redacted], then removed on [Redacted]. However, subject was relisted on [Redacted] (reflected on appraisal), and has now been removed again most recently on [Redacted], and the application date is [Redacted], so the subject was NOT delisted prior to application. Currently, a CDA is not required. Additionally requesting to permit a [Redacted]% LTV - cash out vacant ICF". Unable to downgrade and waive due to insufficient comp factors. The only comp factor available to DD is reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-08): Client elects to waive with compensating factors. Buyer Comment (2025-05-06): Please see the exception request form located on page [Redacted]/ D[Redacted] with additional compensating factors listed; FICO of [Redacted] is [Redacted] points or more above requirement ([Redacted] ) and long term homeownership > [Redacted] years (of [Redacted]+ years) - along with reserves, as mentioned in the exception detail above. |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223311603 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination for "[Redacted] Subject is vacant and cash out, requesting to waive haircut**Exception is needed due to Section [Redacted]Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned[Redacted] ba SFR located in a rural area, with public utilities. A supportive CDA is on file." Unable to downgrade and waive due to insufficient comp factors. The only comp factor available to DD is reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-08): Client elects to waive with compensating factors. Buyer Comment (2025-05-06): Please see the exception request form located on page [Redacted] / D[Redacted] with additional compensating factors listed; FICO of [Redacted] is [Redacted]points or more above requirement ([Redacted]) and long term homeownership > [Redacted] years (of [Redacted]+ years) - along with reserves, as mentioned in the exception detail above. |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223312313 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-08): Received Business Purpose Certificate . Exception Cleared. Buyer Comment (2025-05-06): See attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223312313 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved: Subject property private mortgage review required. The mortgage does not have a monthly payment and has not reached the maturity date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||
| 223312316 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted] | Reviewer Comment (2025-05-14): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-05-13): See Upload Reviewer Comment (2025-05-05): Title -Services are tested as a finance charge. The fee name is not definitive in regard to the purpose of the fee. Provide cure or itemized documentation of the services provided for the fee. Buyer Comment (2025-05-02): Please provide compliance testing as Final CD pg [Redacted] D[Redacted] Amount Financed matches Final [Redacted] pg [Redacted] D[Redacted]. |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223312316 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold | Reviewer Comment (2025-05-14): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-05-13): See Upload Reviewer Comment (2025-05-05): Title -Services are tested as a finance charge. The fee name is not definitive in regard to the purpose of the fee. Provide cure or itemized documentation of the services provided for the fee. Buyer Comment (2025-05-02): Please provide compliance testing as Final CD pg [Redacted] [Redacted] Finance Charge matches Final [Redacted] pg [Redacted] [Redacted]. |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223312320 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Flood Insurance Policy is missing in file. | Reviewer Comment (2025-05-12): Provided Flood Insurance Policy. Exception cleared. Buyer Comment (2025-05-09): master flood insurance |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223312320 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | File is missing master condo insurance. | Reviewer Comment (2025-05-12): Provided master hazard insurance policy. Exception cleared. Buyer Comment (2025-05-08): We're seeing that a FNMA Approval was leveraged so no Questionnaire was obtained. Please see attached for FNMA Approval printout and HOA's Master Hazard Insurance. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223312320 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: HOA Questionnaire not provided | Condo Project Approval indicates full review is required and file is missing HOA/Condo Questionnaire. | Reviewer Comment (2025-05-12): Received FNMA approval. Condition cleared. Buyer Comment (2025-05-08): We're seeing that a FNMA Approval was leveraged so no Questionnaire was obtained. Please see attached for FNMA Approval printout and HOA's Master Hazard Insurance. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223312327 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Insufficient Verification of Rental History. | Guarantor is a first time homebuyer and [Redacted]months of rent payment history is not provided. Lender exception in file. Compensating factors: score [Redacted], [Redacted]is [Redacted]and total reserves is at | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-01): client elects to waive with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223312328 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] Subprime Home Loan Threshold Fixed Compliant | [Redacted] Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]+ [Redacted]%, or [Redacted]%. Compliant SubPrime Loan. | Reviewer Comment (2025-05-07): Client elects to waive. |
05/07/2025 | 1 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested: Use of VOR for private landlord of current residence., Use [Redacted]% of non-borrowing spouse funds for BOA [Redacted]to cover all funds to close and reserves. Non-borrowing spouse is Sergio Armando Arciniega. Compensating Factors Include. residual income = $[Redacted]/month; borrower has [Redacted]ong job stability as they have owned their self-employed business for the last [Redacted]years. rental payment history =[Redacted]. Lender exception was approved with conditions: Max [Redacted]% LTV, Borrower to provide Zelle payment history [Redacted], Subject to ITIN LLPA per rate sheet. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elected to waive exceptions with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least three ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-06): Client elects to waive without compensating factors. Buyer Comment (2025-05-05): Original appraisal and receipt Reviewer Comment (2025-05-05): Appraisal sent to borrower on [Redacted] which does not meet the requirement of at least [Redacted] business days prior to closing and also preliminary Appraisal report is not provided. Exception remains. Buyer Comment (2025-05-02): Appraisal sent |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-06): Received preliminary Appraisal report and the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-05): Original appraisal and receipt Reviewer Comment (2025-05-05): Appraisal sent to borrower on [Redacted] which does not meet the requirement of at least [Redacted] business days prior to closing and also preliminary Appraisal report is not provided. Exception remains. Buyer Comment (2025-05-02): Appraisal sent |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-06): Received preliminary Appraisal report and the evidence of appraisal delivery. Exception cleared. Reviewer Comment (2025-05-05): Appraisal sent to borrower on [Redacted] which does not meet the requirement of at least [Redacted] business days prior to closing and also preliminary Appraisal report is not provided. Exception remains. Buyer Comment (2025-05-02): Appraisal sent |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Per 1003 and 1008 bonus income $[Redacted]was used, however unable to verify the source of income. ATR failure due to income discrepancy. | Reviewer Comment (2025-05-06): Received updated 1008. Condition cleared. Buyer Comment (2025-05-06): 1008 + Exception Request and Approval |
05/06/2025 | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted](c)(5) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Per 1003 and 1008 bonus income $[Redacted]was used, however unable to verify the source of income. ATR failure due to income discrepancy. | Reviewer Comment (2025-05-06): Received updated 1008. Condition cleared. Buyer Comment (2025-05-06): Please see 1008 + Exception Request and Approval uploaded [Redacted] |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $[Redacted]on LE but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Per 1003 and 1008 bonus income $[Redacted] was used, however unable to verify the source of income. ATR failure due to income discrepancy. | Reviewer Comment (2025-05-06): Received updated 1008. Condition cleared. Buyer Comment (2025-05-06): Please see 1008 + Exception Request and Approval uploaded [Redacted] |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | Per 1003 and 1008 bonus income $[Redacted]was used, however unable to verify the source of income. ATR failure due to income discrepancy. | Reviewer Comment (2025-05-06): Received updated 1008. Condition cleared. Buyer Comment (2025-05-06): Please see 1008 + Exception Request and Approval uploaded [Redacted] |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223312334 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of revised valuation to applicant three ([Redacted]) business days prior to consummation. | Revised appraisal report date [Redacted] did not provide to borrower with [Redacted]business days prior to consummation. | Reviewer Comment (2025-05-06): Client elects to waive without compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 223312335 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing HOA Verification, Insurance Verification. | Reviewer Comment (2025-05-13): Exception cleared. Received documents and updated correctly. Buyer Comment (2025-05-12): updated 1003 & 1008 with HOI amounts Buyer Comment (2025-05-12): [Redacted] HOI Buyer Comment (2025-05-12): Overseas Reviewer Comment (2025-05-08): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: HOA Verification, Insurance Verification Reviewer Comment (2025-05-08): Received evidence of HOA, however the insurance premium remains missing. Buyer Comment (2025-05-06): HOA |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223312335 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification. | Reviewer Comment (2025-05-13): Exception cleared. Received documents and updated correctly. Buyer Comment (2025-05-13): [Redacted] HOI |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223312335 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification | Reviewer Comment (2025-05-08): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-06): vacant lot Buyer Comment (2025-05-06): vacant lot- taxes only--no insur--see [Redacted] |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223312336 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 application missing in loan file. | Reviewer Comment (2025-05-07): Received required documentation. Condition cleared. Reviewer Comment (2025-05-06): Require Borrower [Redacted] final 1003 should be signed at closing to clear the exception. Exception Remains. Buyer Comment (2025-05-05): 1003 pg[Redacted] Buyer Comment (2025-05-05): 1003 |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223312336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2025-05-19): Preliminary appraisal provided. Reviewer Comment (2025-05-14): The issue is the preliminary appraisal report was provided to borrower within a sufficient time period, however the updated appraisal was not provided to the borrower at least [Redacted] business days prior to closing which is not HPML compliant. Buyer Comment (2025-05-12): Please see pg [Redacted] [Redacted] it shows received by borrower on [Redacted] [Redacted] days prior to closing. Reviewer Comment (2025-05-09): Exception remains, missing acknowledgement evidence that borrower was received copy of Appraisal within [Redacted] business days prior to Closing. Provided Appraisal acknowledgement is not valid. Buyer Comment (2025-05-08): Appraisal Acknowledgement disclosure uploaded Reviewer Comment (2025-05-07): Because loan is a HPML, the appraisal receipt waiver does not apply. The updated appraisal was provided to borrower [Redacted] days prior to closing. Citing remains non-compliant. Buyer Comment (2025-05-05): See uploads |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223312336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Provide a copy of Appraisal acknowledgement disclosure with [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-19): Preliminary appraisal provided. Reviewer Comment (2025-05-14): The issue is the preliminary appraisal report was provided to borrower within a sufficient time period, however the updated appraisal was not provided to the borrower at least [Redacted] business days prior to closing which is not HPML compliant. Buyer Comment (2025-05-12): Please see pg [Redacted] D[Redacted] it shows received by borrower on [Redacted]. [Redacted] days prior to closing. Reviewer Comment (2025-05-09): Exception remains, missing acknowledgement evidence that borrower was received copy of Appraisal within [Redacted] business days prior to Closing. Provided Appraisal acknowledgement is not valid. Buyer Comment (2025-05-08): Appraisal Acknowledgement disclosure Reviewer Comment (2025-05-07): Because loan is a HPML, the appraisal receipt waiver does not apply. The updated appraisal was provided to borrower [Redacted] days prior to closing. Reviewer Comment (2025-05-06): No revised/relevant document provided to clear the exception require a copy of Appraisal acknowledgement disclosure with three ([Redacted]) business days prior to consummation.. Exception Remains. Buyer Comment (2025-05-05): See uploads |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223312336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TILA | ARM Disclosure Timing Test | TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three ([Redacted]) days of application. | ARM disclosure signed by borrowers on [Redacted]; app date is [Redacted]. | Reviewer Comment (2025-05-06): Re-validated compliance question as per available document in file, Exception Cleared. Buyer Comment (2025-05-05): Loan was originally locked as Fixed rate and then locked as ARM on [Redacted] |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | No Defined Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| 223312336 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for non-warrantable condo due to critical repairs being incomplete is approved. Balconies on slabs A, B and D are complete with slab C due to be completed in the summer. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Documentation Type: [Redacted]yr Full Doc Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): Client elects to waive with compensating factors. Buyer Comment (2025-05-05): See pg [Redacted] [Redacted] [Redacted] |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223312336 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of revised valuation to applicant three ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-19): Client elects to waive. |
05/19/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223312342 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender request for [Redacted]% LTV on mix-used property vs guideline max of [Redacted]% is approved. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223312352 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted]% tolerance was exceeded by $[Redacted]due to Transfer Tax Fee. No valid COC provided, Specific credit of $[Redacted]has been provided as cure at closing. | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223312352 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Initial Escrow Payment By All Parties | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted]disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. | Final Closing Disclosure provided on[Redacted] disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. | Reviewer Comment (2025-05-08): [Redacted] received PCCD and LOE. Buyer Comment (2025-05-07): LOX PCCD |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223313733 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted]. Variance of -$[Redacted]. Based on review discrepancy occurred due to addition of HOA fees $[Redacted]. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-05-08): [Redacted] received Corrected CD and LOE to borrower. Buyer Comment (2025-05-07): PCCD and rebut |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223313733 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted]disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Amount Financed disclosed is $[Redacted]. Calculated Amount Financed of $[Redacted] . Variance of $[Redacted]. Based on the review discrepancy occurred due to addition HOA questionnaire fee $[Redacted]. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-05-08): [Redacted] received Corrected CD and LOE to borrower. Buyer Comment (2025-05-07): PCCD and rebut |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223313733 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $[Redacted]on LE but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid [Redacted]for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-13): [Redacted] received valid COC document. Buyer Comment (2025-05-09): Rebut and COC Reviewer Comment (2025-05-09): [Redacted] received COC however the date of change is not updated and also the reason mentioned is "points changed from $[Redacted] to [Redacted] " However, we would require a valid COC for the fee increased from $[Redacted] to $[Redacted]. Kindly provide a valid COC for the fee increased on CD dated [Redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-05-08): PCCD and COC Reviewer Comment (2025-05-08): [Redacted] received LOX stating COC dated [Redacted] however the fee increased on CD dated [Redacted] [Redacted] . Kindly provide a valid COC for the fee increased on CD dated [Redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-05-07): Rebut and PCCD |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance document is missing. | Reviewer Comment (2025-05-13): Received required documentation. Condition cleared. Buyer Comment (2025-05-13): LOX INS |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | 1003 Final is missing. | Reviewer Comment (2025-05-09): Final 1003 received for borrower & co-borrower & associated. Exception cleared. Buyer Comment (2025-05-07): Final 1003 |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security In[Redacted]ument - Subject Lien not provided | Security In[Redacted]ument - Subject Lien is incomplete page 2 is missing. | Reviewer Comment (2025-05-16): Security Instrument provided and associated. Exception cleared Buyer Comment (2025-05-15): See Doc Reviewer Comment (2025-05-09): As per the footer of the Security Instrument there are [Redacted] pages available but after the [Redacted]st page there appears [Redacted]rd page. Exception remains. Buyer Comment (2025-05-07): See Pg [Redacted]-[Redacted][Redacted]. |
05/16/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | [Redacted]due to missing income documents: most recent signed 1[Redacted]0S, [Redacted] K1's for [Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Buyer Comment (2025-05-22): [Redacted] VVOE Reviewer Comment (2025-05-21): Received all third party verification exception for [Redacted] Buyer Comment (2025-05-19): VOE's & 1120's Reviewer Comment (2025-05-13): Reviewed all trailing docs and VVOE's, however the file remains missing P&L's for multiple business and third party verification supporting both borrower's dates of operation. Buyer Comment (2025-05-09): VOE Buyer Comment (2025-05-09): VOE [Redacted] working on the rest Buyer Comment (2025-05-09): Per guidelines pg [Redacted] (method two) P&L's may be required if the income is decreasing. The income on all the above listed companies are not. Please waive. We will work on the third party verifications. Reviewer Comment (2025-05-09): Third party verification and P&L statement are required for [Redacted], [Redacted], [Redacted], [Redacted], [Redacted], [Redacted], [Redacted]. Exception remains. Buyer Comment (2025-05-07): See uploads |
05/27/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current S-Corp status due to missing Tax Return/Transcript for the most recent year, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | [Redacted]due to missing income documents: most recent signed 1[Redacted]0S, [Redacted] K1's for [Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Reviewer Comment (2025-05-09): Third party verification and P&L statement is required for [Redacted]. Exception remains. Buyer Comment (2025-05-07): See uploads |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current S-Corp status due to missing Tax Return/Transcript for the most recent year, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | [Redacted]due to missing income documents: most recent signed 1[Redacted]0S,[Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Reviewer Comment (2025-05-09): Third party verification and P&L statement is required for [Redacted]. Exception remains. Buyer Comment (2025-05-07): See uploads |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current S-Corp status due to missing Tax Return/Transcript for the most recent year, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | [Redacted]due to missing income documents: most recent signed 1[Redacted]0S,[Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Reviewer Comment (2025-05-09): Third party verification and P&L statement is required for [Redacted]. Exception remains. Buyer Comment (2025-05-07): See uploads |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current S-Corp status due to missing Tax Return/Transcript for the most recent year, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | [Redacted]due to missing income documents: most recent signed 1[Redacted]0S,[Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Reviewer Comment (2025-05-09): Third party verification and P&L statement is required for [Redacted]. Exception remains. Buyer Comment (2025-05-08): See uploads |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current S-Corp status due to missing Tax Return/Transcript for the most recent year, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | [Redacted] due to missing income documents: most recent signed 1[Redacted]0S,[Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Reviewer Comment (2025-05-09): Third party verification and P&L statement is required for [Redacted]. Exception remains. Buyer Comment (2025-05-07): See uploads |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current S-Corp status due to missing Tax Return/Transcript for the most recent year, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | [Redacted] due to missing income documents: most recent signed 1[Redacted]0S,[Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Reviewer Comment (2025-05-09): Third party verification and P&L statement is required for [Redacted]. Exception remains. Buyer Comment (2025-05-07): See uploads |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current S-Corp status due to missing Tax Return/Transcript for the most recent year, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | [Redacted] due to missing income documents: most recent signed 1[Redacted]0S,[Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. Reviewer Comment (2025-05-09): Third party verification and P&L statement is required for [Redacted]. Exception remains. Buyer Comment (2025-05-07): See uploads |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | [Redacted] due to missing income documents: most recent signed 1[Redacted]0S,[Redacted], P&L Statements and third party verifications not provided | Reviewer Comment (2025-05-27): Received required documentation. Condition cleared. |
05/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Initial escrow disclosure not provided. | Reviewer Comment (2025-05-09): Initial Escrow Account Disclosure received & associated. Exception cleared. Buyer Comment (2025-05-07): Initial Escrow Account Disclosure Statement |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted].00 exceeds tolerance of $[Redacted].00. Insufficient or no cure was provided to the borrower. | Appraisal fee disclosed as $[Redacted].00 on final LE and as $[Redacted].00 on final CD. No valid change in circumstance or cure for borrower provided. | Reviewer Comment (2025-05-16): Sufficient cure provided at closing Buyer Comment (2025-05-15): Coc |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal review fee not disclosed until LE dated [Redacted]. No valid change in circumstance or cure for borrower provided. | Reviewer Comment (2025-05-16): [Redacted] received valid COC dated [Redacted] Buyer Comment (2025-05-15): Docs |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Right to cancel is missing. | Reviewer Comment (2025-05-09): Right To Cancel received & associated. Exception cleared. Buyer Comment (2025-05-07): RTC |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223313735 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2025-05-16): Sufficient Cure Provided At Closing |
05/16/2025 | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223313756 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-20): Received Business Purpose Certificate. Exception cleared. Buyer Comment (2025-05-19): cert upld |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223313756 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I | Original P&I does not equal Original P&I-Calculated. Closing disclosure reflects interest only loan, however note is missing interest only loan details clause. | Reviewer Comment (2025-05-12): Updated Note was provided Reviewer Comment (2025-05-09): Provided Note is acceptable. Require executed note. Exception remains. Buyer Comment (2025-05-08): please review the attached IO Note and confirm it is acceptable. If so, we will procced with getting it signed. Our P&I calc is $[Redacted]for the first [Redacted] months and $[Redacted] thereafter. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223313756 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for critical repairs not complete, due to be completed summer [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted] %. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Loan to Value: [Redacted]% Guideline Maximum Loan to Value: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223313756 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Note provided for subject property isn't executed. | Reviewer Comment (2025-05-20): Received executed note. Exception cleared. Buyer Comment (2025-05-19): signed io note upld |
05/20/2025 | 1 | A | A | A | A | A | IL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| 223313760 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to allow interest only payment to be used. Exception approval email provided, however, exception form is missing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-09): Client elects to waive with compensating factors. Buyer Comment (2025-05-07): [Redacted] Exception Request |
05/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223313764 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception to use business funds for asset qualifier. Borrower purchasing [Redacted] investment properties. all assets are held in business account. Borrower received large settlement in December (over [Redacted]MM) and has [Redacted] months post-closing reserves. CPA letter requested for use of business funds. Compensating factors: Reserves [Redacted]+ months more than requirement. Evidence of exception approval is not found in file. |
Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elected to waive exceptions with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223313764 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title policy amount of $[Redacted][Redacted] is less than the Note loan amount $[Redacted]. | Reviewer Comment (2025-05-05): Received Title Commitment with correct amount. Exception cleared. Buyer Comment (2025-05-02): Title |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223313764 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted]is missing evidence of receipt. | Reviewer Comment (2025-05-05): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-02): Conf |
05/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223313764 | [Redacted] | [Redacted] | XXXX | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Housing history reflects lates that do not meet guidelines. | - Housing history reflects a total of ___ reported late payments. | Lender requested an exception for [Redacted][Redacted][Redacted]XX mortgage history. Borrower purchasing [Redacted] investment properties. Borrower had three [Redacted]day late payments last year. LOE is available. Child support on title shows pas due has been brought current. Credit supplement is available. Receipt and evidence of him paying are provided. Compensating factors: Reserves[Redacted]+ months more than requirement. The exception was counteroffered to [Redacted]% LTV with -[Redacted] exception LLPA Conditions: [Redacted]% LTV Max. Minimum [Redacted] year [Redacted]. Exception LLPA above is in addition to rate sheet LLPA for [Redacted][Redacted][Redacted]XX. ACH must be executed at closing. Any pas due accounts reporting on credit must be brough current at or before closing. Subject to meeting all other signature expanded guideline requirements. |
Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-01): Client elected to waive exceptions with compensating factors. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | |||||||
| 223313770 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXXX | Secondary valuation is missing in file. | Reviewer Comment (2025-05-13): Received required documentation. Condition cleared. Buyer Comment (2025-05-09): Please see attached |
05/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate missing in loan file. | Reviewer Comment (2025-05-14): Received document. Condition clared. Buyer Comment (2025-05-13): Please see attached |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing missing in loan file. | Reviewer Comment (2025-05-12): Received Certificate of Good Standing for business entity. Exception cleared. Buyer Comment (2025-05-08): Please see attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Assignment of Leases/Rents not provided | Assignment of Leases/Rents missing in loan file. | Reviewer Comment (2025-05-12): Received 1-4 family rider showing assignment of leases. Exception cleared. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement missing in loan file | Reviewer Comment (2025-05-12): Received executed operating agreement for business entity. Exception cleared. Buyer Comment (2025-05-08): See attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - [Redacted] Family not provided | Rider 1-4 family missing in loan file. | Reviewer Comment (2025-05-12): Received 1-4 family rider. Exception cleared. Buyer Comment (2025-05-08): Please see attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - Condo not provided | Rider-Condo missing in loan file | Reviewer Comment (2025-05-12): Received Condo rider. Exception cleared. Buyer Comment (2025-05-08): Please see attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation missing in loan file. | Reviewer Comment (2025-05-12): Received Articles of Organization/Formation for business entity. Exception cleared. Buyer Comment (2025-05-08): See attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Investment Product | General Exception | Investment Product | Security In[Redacted]ument Error: Assignment of Leases/Rents is not in the file and required by guidelines | - | Assignment of Leases/Rents missing in loan file. | Reviewer Comment (2025-05-12): Received 1-4 family rider showing assignment of leases. Exception cleared. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Rider -prepayment missing in loan file. | Reviewer Comment (2025-05-12): Received prepayment rider. Exception cleared. Buyer Comment (2025-05-08): See attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Note addendum-Prepayment missing in loan file. | Reviewer Comment (2025-05-12): Received Note addendum-Prepayment. Exception cleared. Buyer Comment (2025-05-08): See attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | Yes | ||||||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Collateral -Non-warrantable condo due to [Redacted]characteristics. ***Unable to downgrade/waive. Exception approval requires a minimum [Redacted]year [Redacted] which is not provided on the loan*** | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Reviewer Comment (2025-05-14): Received prepayment addendum, however the lender exception approval did require a [Redacted]. The loan has a [Redacted]. Buyer Comment (2025-05-13): Please see attached |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Borrower does not meet the minimum [Redacted]months of rental management experience. [Redacted] is below the [Redacted]threshold required for Landlord waiver eligibility. ***Unable to downgrade/waive. Exception approval requires a minimum [Redacted]year [Redacted] which is not provided on the loan*** | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Reviewer Comment (2025-05-14): Received prepayment addendum, however the lender exception approval did require a [Redacted]. The loan has a [Redacted]. Buyer Comment (2025-05-13): See attached |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Excerption Request: The is a New Project in Florida without a PERS Approval. The Pre-Sales are less than [Redacted]% and the Project is incomplete, however our phase (phase 1) is [Redacted]% complete subject to buyer preference items. Please see the Sales and Marketing Plan of the units. there is also a Single Entity (Developer) owns [Redacted]% of the units and is currently renting the units on transients basis. Developer is marketing the units for sale and does not plan on retaining the units. Condotel- The Project allows transients use. It is located in Orlando close to Disney and other theme parks. Investor Concentration is [Redacted]%. All of the [Redacted]units are currently investments. ***Unable to downgrade/waive. Exception approval requires a minimum [Redacted] year [Redacted] which is not provided on the loan*** | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Reviewer Comment (2025-05-14): Received prepayment addendum, however the lender exception approval did require a [Redacted]. The loan has a [Redacted]. Buyer Comment (2025-05-13): See attached |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Loan Exception request- Landlord Waiver Both borrowers are first time investors with no prior rental management experience. the Current [Redacted] is [Redacted]. ahich falls below the minimum [Redacted],threshold required for Landlord waiver eligibility. Compensating factors include [Redacted]ong credit ([Redacted]). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Reviewer Comment (2025-05-14): Received prepayment addendum, however the lender exception approval did require a [Redacted]. The loan has a [Redacted]. Buyer Comment (2025-05-13): Attached |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| 223314531 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial Rate Lock is missing. | Reviewer Comment (2025-05-12): Received initial rate lock. Exception cleared. Buyer Comment (2025-05-08): Please see attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314626 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided for second mortgage to be paid off with this transaction has no credit rating and in collections. Exception approval is located in the file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-02): client elects to waive with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223314632 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure:[Redacted] Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223314635 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing in loan file. | Reviewer Comment (2025-05-06): E-sign Consent Agreement received, Exception cleared. Buyer Comment (2025-05-05): Consent |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223314673 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested to permit [Redacted]% interested party contribution at [Redacted]% LTV. Adding husband which is a non-permanent resident alien with [Redacted]to qualifying. The wife and husband own the business [Redacted]/[Redacted]. Our borrower is requesting to purchase a primary residence utilizing full documentation to qualify with a [Redacted]interested party contribution. Section [Redacted] caps the IPC at [Redacted]% at a [Redacted]% LTV. *Comments from the LO: I am asking for an exception for my borrower [Redacted]. Please see attached exception form. asking for an exception to use a seller credit larger than [Redacted]per Signature expanded guidelines state. I am asking for it to be [Redacted]% to match conventional with [Redacted]% down please. I want to use the seller credit for a temporary buydown and closing costs. Sales price is $[Redacted]and have $[Redacted] seller credit. My borrower [Redacted]; we are using bank statements from personal and business. She has great credit and a low DTI. No issues with credit at all, she is a FTHB and is excited for her and her family to be owing a home. Lender exception with COUNTEROFFERED ([Redacted]%) Maximum [Redacted]% LTV, Maximum DTI [Redacted], Maximum Seller contribution [Redacted]%-the total of financing contributions may not exceed the lesser of the total closing costs, required prepaids and escrows | Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Documentation Type: [Redacted]mo Bank Statement Disposable Income: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. Reviewer Comment (2025-05-13): Total closing cost of $[Redacted] + [Redacted] county tax pre-paid by seller exceeds the amount of the seller contribution. Buyer Comment (2025-05-12): Rebuttal Reviewer Comment (2025-05-07): Per the lender exception approval, the max seller contribution was to be [Redacted]%. The total financing contributions were not to exceed the lesser of the total closing cost, required prepaids and escrows. The total closing cost to borrower was $[Redacted], however the seller contribution was $[Redacted] which exceeds the total closing cost. Buyer Comment (2025-05-05): Please clarify request or clear Reviewer Comment (2025-05-02): Client elects to waive with compensating factors. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223314673 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Initial E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-07): Initial E-sign Consent Agreement received & updated. Exception cleared. Buyer Comment (2025-05-06): Dates Reviewer Comment (2025-05-06): Document is missing eConsent date. Exception remains. Buyer Comment (2025-05-05): eConsent Agreement |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223314677 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid change of circumstance for this fee, Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223314677 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] Subprime Home Loan Threshold Fixed Compliant | [Redacted] Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]+ [Redacted]%, or [Redacted]%. Compliant SubPrime Loan. | Reviewer Comment (2025-05-05): Client elects to waive. |
05/05/2025 | 1 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223314677 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | Reviewer Comment (2025-05-06): Appraisal delivery confirmation document was provided, Exception Cleared. |
05/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223314677 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-06): Appraisal delivery confirmation document was provided, Exception Cleared. Buyer Comment (2025-05-05): Appraisal uploaded |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223314677 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | Reviewer Comment (2025-05-06): Appraisal delivery confirmation document was provided, Exception Cleared. Buyer Comment (2025-05-05): App [Redacted] Buyer Comment (2025-05-05): Appraisal [Redacted] |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223314679 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided prior to [Redacted] ([Redacted]) business days of closing. | Reviewer Comment (2025-05-07): Client elects to waive without compensating factors. Buyer Comment (2025-05-05): Sent to borrower |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223314690 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] HPML Threshold Test Compliant | Massachusetts Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2025-05-06): Client elects to waive without compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| 223314706 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Our borrower is requesting to purchase a primary residence utilizing full documentation to qualify at an [Redacted]% LTV and [Redacted]credit score. Exhibit B requires a minimum score of [Redacted]to qualify for an [Redacted]% LTV. ***Comments from the LO: [Redacted]% when [Redacted]FICO at $[Redacted]mm caps at [Redacted]%. Please do not enter income as to not trigger TRID on the loan file. Credit score was [Redacted]last year. Now up to [Redacted]. No lates on the previous loan we did, no additional/recent derogatory on credit since the last loan we did. Previous loan number [Redacted][Redacted][Redacted]. Was just traded from the Eagles after winning the Super Bowl to the Houston Texans with a $[Redacted] contract. Housing payment basically staying the same. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months [Redacted]or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-02): Client elected to waive exceptions with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223314706 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Only an employee letter and VVOE (employment only) provided. Unable to adequately verify income. Paystubs, VVOE with income verification needed to address the ATR failure. | Reviewer Comment (2025-05-15): Loan is Non-QM. Buyer Comment (2025-05-14): Please confirm you have reviewed D[Redacted]. The assignment of contract. That would mean the previous contract details from [Redacted] would apply/transfer to [Redacted]. There wouldn't be a new to compete a new one until the end of that contract which is [Redacted]. Reviewer Comment (2025-05-13): Per lender guides, the current contract with the [Redacted] [Redacted] fully executed with no contingencies and evidence is required the applicant will start employment or begin receipt of income within [Redacted] days of the closing. The only contract in the file is from the [Redacted]. Once the current contract is received, loan will be escalated to determine compliance with guidelines. Buyer Comment (2025-05-09): See LOX Reviewer Comment (2025-05-07): Exception remains: Paystub D[Redacted]is for the previous employer, provide paystub for the current employer. Buyer Comment (2025-05-05): Paystub listed on page [Redacted] D[Redacted] |
05/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223314706 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Wages | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify income due to, missing W-2, Paystub, LES, ETS or WVOE. | Only an employee letter and VVOE (employment only) provided. Unable to adequately verify income. Paystubs, VVOE with income verification needed to address the ATR failure. | Reviewer Comment (2025-05-15): Received updated information from lender.The contract is simply assigned to the [Redacted] [Redacted]. The contract remains in effect. Documentation meets lender guides. Buyer Comment (2025-05-14): Please confirm you have reviewed D[Redacted]. The assignment of contract. That would mean the previous contract details from [Redacted] would apply/transfer to [Redacted]. There wouldn't be a new to compete a new one until the end of that contract which is [Redacted]. Reviewer Comment (2025-05-13): Per lender guides, the current contract with the [Redacted] [Redacted] fully executed with no contingencies and evidence is required the applicant will start employment or begin receipt of income within [Redacted] days of the closing. The only contract in the file is from the [Redacted]. Once the current contract is received, loan will be escalated to determine compliance with guidelines. Buyer Comment (2025-05-09): see uploaded LOX Reviewer Comment (2025-05-07): Exception remains: Paystub D[Redacted] is for the previous employer, provide paystub for the current employer. Buyer Comment (2025-05-05): Paystub listed on page [Redacted] D[Redacted] |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223314706 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | Required recent paystub from the current employer XXXX or wvoe document. | Reviewer Comment (2025-05-15): Received updated information from lender.The contract is simply assigned to the [Redacted] [Redacted]. The contract remains in effect. Documentation meets lender guides. |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223314706 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | The initial escrow mismatch due to insurance premium amount discrepancy. Initial escrow disclosure shows premium $[Redacted].[Redacted] however binder and 1008 indicate premium $[Redacted]. | Reviewer Comment (2025-05-15): Received revised Initial escrow account disclosure, information validated. Exception Cleared. Buyer Comment (2025-05-13): See attached. Reviewer Comment (2025-05-13): Received PCCD however the initial escrow payment and monthly escrow payments do not match the Initial Escrow Account Disclosure Statement. Buyer Comment (2025-05-09): Cure Docs |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223314707 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | . | Reviewer Comment (2025-05-07): Data corrected, exception cleared. Buyer Comment (2025-05-06): see D[Redacted] that is in your file. |
05/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223314707 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Collateral. non-warrantable condo due to outstanding repairs. NON warrantable due to critical repairs caused by a hurricane. All repairs have been completed to the roofs and garage, with about [Redacted]% of the garage repairs still pending. Completion date is [Redacted]. ***Unable to downgrade/waive due to [Redacted]DTI exceeds exception approval requirement of [Redacted]%*** | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elects to waive with compensating factors. Buyer Comment (2025-05-14): uploaded lox, add'l income and revised 1003/1008 |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223314707 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated DTI [Redacted]exceeds exception approval requirement of [Redacted]%*** | Reviewer Comment (2025-05-15): Additional income added as per revised 1003 and 1008 and bank statements received, DTI is below [Redacted]% as required by lender exception and guideline, [Redacted]% requirement is for LTV, not DTI. Buyer Comment (2025-05-14): see uploaded lox, add'l income and revised 1003/1008 |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223314707 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] exception due to [Redacted]DTI exceeds exception approval requirement of [Redacted]% | Reviewer Comment (2025-05-15): Additional income added as per revised 1003 and 1008 and bank statements received, DTI is below [Redacted]% as required by lender exception and guideline, [Redacted]% requirement is for LTV, not DTI. Buyer Comment (2025-05-14): see uploaded lox, add'l income and revised 1003/1008 |
05/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223314707 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] exception due to [Redacted]DTI exceeds exception approval requirement of [Redacted]% | Reviewer Comment (2025-05-15): Additional income added as per revised 1003 and 1008 and bank statements received, DTI is below [Redacted]% as required by lender exception and guideline, [Redacted]% requirement is for LTV, not DTI. Buyer Comment (2025-05-14): see uploaded lox, add'l income and revised 1003/1008 |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223314707 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted] ([Redacted]) ([Redacted]) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | [Redacted] exception due to [Redacted]DTI exceeds exception approval requirement of [Redacted]% | Reviewer Comment (2025-05-15): Additional income added as per revised 1003 and 1008 and bank statements received, DTI is below [Redacted]% as required by lender exception and guideline, [Redacted]% requirement is for LTV, not DTI. Buyer Comment (2025-05-14): see uploaded lox, add'l income and revised 1003/1008 |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223314710 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception for seasoning of C/O refinance of primary residence. Borrower meets credit requirements; the borrower built a new con[Redacted]uction home which is almost completed. The application started in [Redacted]. The borrower took title in[Redacted]. The seasoning is order to application date, so this would be [Redacted]month seasoning. The borrower has owned the property for over [Redacted] at this point. Requesting an exception for [Redacted]months seasoning on C/O refinance. The con[Redacted]uction loan is being paid off, getting $[Redacted]out at closing which is enough to cover reserves. Compensating factors: Loan to Value [Redacted]% or more under requirement. FICO [Redacted]points or more above requirement. Long term Employment ([Redacted]years). The exception was approved-[Redacted]exception LLPA Conditions: Minimum FICO [Redacted]. Max LTV [Redacted]%. Provide evidence charge off for $[Redacted]with JPMCB auto finance [Redacted]as paid in full. Subject to meeting all other signature expanded guideline requirements. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. |
Borrower has been employed in the same industry for more than [Redacted] years. | Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with comp factors. Buyer Comment (2025-05-05): Please see D[Redacted] pg [Redacted]showing [Redacted] Auto Finance Charge Off at $[Redacted] balance Reviewer Comment (2025-05-02): Client elected to waive exceptions with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223314710 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception to use VOM for a private mortgage on subject property. The borrower pays in cash, so we are unable to document. Compensating factors: Loan to Value [Redacted]% or more under requirement. FICO [Redacted]points or more above requirement. Long term Employment (>[Redacted]years). The exception was approved-[Redacted]exception LLPA Conditions: Minimum FICO [Redacted]. Max LTV [Redacted]%. Provide evidence charge off for $[Redacted]with JPMCB auto finance [Redacted]as paid in full. Subject to meeting all other signature expanded guideline requirements. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. |
Borrower has been employed in the same industry for more than [Redacted] years. | Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with compensating factors. Buyer Comment (2025-05-05): Please see D[Redacted] pg [Redacted] showing [Redacted] Auto Finance Charge Off at $[Redacted] balance. Reviewer Comment (2025-05-02): Client elected to waive exceptions with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223314710 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223314721 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-05-06): Received OFAC for the borrowing business entity in the file. Exception Cleared. Buyer Comment (2025-05-05): updated ofac report |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223314721 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Members of the borrowing entity are [Redacted], [Redacted]and [Redacted], The corporate resolution was signed by [Redacted], [Redacted]and [Redacted], but not [Redacted]. The CB Ashif[Redacted] does not appear to hold any interest in the borrowing entity. Please provide clarification and possibly corrected documents. | Reviewer Comment (2025-05-12): Received corporate resolution signed by all members. Exception cleared. Buyer Comment (2025-05-09): corp resolution uploaded Reviewer Comment (2025-05-08): Received operating agreement with signed by all the member however require corporate resolution with signed by all the member of the business entity. Exception remains. Buyer Comment (2025-05-07): uploaded corrected docs |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223314721 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: [Redacted] | Reviewer Comment (2025-05-19): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-16): Rents used to qualify match but [Redacted] used greater of fully indexed rate to qualify. Per [Redacted] guides, sec [Redacted] pg [Redacted], [Redacted] loans - The borrower is qualified at the START rate on ARM loans. Once this is updated, we should align with a [Redacted] of [Redacted]. Thank you. |
05/19/2025 | 1 | A | A | A | A | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223314723 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): Please see attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223314727 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Total fee amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223314729 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower requested exception for: Non-warrantable coop due to critical repairs Parking deemed unsafe in [Redacted] by NYC DOB. Exception has-been approved with compensating factor: FICO [Redacted]points or more above requirement. Total Debt [Redacted]% or more under requirement. Residual Income $[Redacted]or more Long Term Employment. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-02): Client elected to waive exceptions with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | D | B | D | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223314729 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security In[Redacted]ument - Subject Lien not provided | Security in[Redacted]ument not provided. | Reviewer Comment (2025-05-08): Security Instrument received, exception cleared. Buyer Comment (2025-05-06): See attached |
05/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Primary | Purchase | D | B | D | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223314731 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-07): Client elects to waive without compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223314732 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 is not provided. | Reviewer Comment (2025-05-07): Final 1003 received, exception cleared. Buyer Comment (2025-05-06): final 1003 |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223314732 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | Reviewer Comment (2025-05-07): Client elects to waive without compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223314929 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | OFAC is missing for the borrowing entity. | Reviewer Comment (2025-05-06): Received OFAC for borrowing entity. Exception cleared. Buyer Comment (2025-05-05): ofac |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223314938 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-05-09): Received Final Title. Exception cleared. |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| 223314938 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Amount of $[Redacted]is less than the note amount of $[Redacted]. | Reviewer Comment (2025-05-09): Received final Title with policy amount same as loan amount. Exception cleared. Buyer Comment (2025-05-08): final policy upld |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314938 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Subject Note document signed by business entity "[Redacted], a Limited Liability Company" is missing in file. | Reviewer Comment (2025-05-07): Received corrected note. Condition cleared. Buyer Comment (2025-05-05): llc note and [Redacted] adden upld |
05/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223314938 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for Section 9.9: Rural Investment property. | The qualifying [Redacted] on the loan is greater than the guideline minimum. | The [Redacted] of [Redacted]is greater than the minimum required [Redacted] of [Redacted] | SitusAMC,Aggregator | Reviewer Comment (2025-05-02): Client elects to waive with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223314938 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for subject property is vacant and cash out, requested to waive haircut. | The qualifying [Redacted] on the loan is greater than the guideline minimum. | The [Redacted] of [Redacted]is greater than the minimum required [Redacted] of [Redacted] | SitusAMC,Aggregator | Reviewer Comment (2025-05-02): Client elects to waive with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223314938 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Deed transferring title to the borrowing entity is missing. | Reviewer Comment (2025-05-15): Received Deed reflects transferring title to the borrowing entity. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-15): deed upld |
05/15/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223316238 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by $[Redacted]due to increase of recording fee. No valid COC provided, no evidence of cure in file. | Reviewer Comment (2025-05-20): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-20): PCCD Cure Reviewer Comment (2025-05-14): [Redacted] received COC dated [Redacted] shows that the fee increased from [Redacted] -$[Redacted] and supporting document. However, Title search document available at the time application and triggering the need to disclose all applicable fees. As it was not new knowledge the title search revealed [Redacted]. Also, the recording fee increase of $[Redacted]from $[Redacted]on [Redacted] CD and reduced on final CD and charged to borrower $[Redacted]at the time of closing. If there was an additional reason the fees increased, we will need the additional information otherwise a corrected CD, LOE, refund check, and proof of mailing is needed to cure with additional cure of $[Redacted]. Buyer Comment (2025-05-13): COC and Supporting Documentation Reviewer Comment (2025-05-09): [Redacted] received Post CD, LOX, Copy of refund check and proof of mailing for $[Redacted]. However, the total cure require is $[Redacted] for the fee increased therefore we would required additional cure of $[Redacted] along with cure documents i.e. Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-05-08): PCCD Cure |
05/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223316317 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved requesting to permit a [Redacted]% LTV. Unable to downgrade/waive due to missing lender's compensating factors. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. |
Debt Service Coverage Ratio: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with compensating factors. Buyer Comment (2025-05-06): comp factors |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223316317 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception indicates a [Redacted] mortgage will be taken on the subject property. It appears the note for this mortgage is missing. In addition the 1008 is also missing from the file. | Reviewer Comment (2025-05-06): Cleared. Received email from title stating borrowers decided not to go with the [Redacted]nd lien transaction. Buyer Comment (2025-05-05): Email from Title Buyer Comment (2025-05-05): Note |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223318167 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Provided, signed note is Interest-Only Fixed Rate Note, but the interest only terms are blank and the final Closing Disclosure does not disclose an interest only feature or an AP Table on page 4. If there is no interest only feature on this loan, corrective fully executed Note is required. | Reviewer Comment (2025-05-23): Received fully executed corrected Note. Exception cleared. Buyer Comment (2025-05-22): Note |
05/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223318167 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested for [Redacted] <[Redacted]with a [Redacted] FICO, The subject property is currently vacant. Property was previously a short term rental and was listed for sale on[Redacted] and then removed the listing on[Redacted]. Exception Approved. |
Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-02): Client elected to waive exceptions with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||
| 223318204 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Provided Interest Only Note does not specify interest only period. In addition, loan closed with final CD reflecting no interest only period. | Reviewer Comment (2025-05-27): Received fixed rate note. Exception cleared. Buyer Comment (2025-05-23): fixed rate note upld |
05/27/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223318204 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for rate term refinance with [Redacted] below 1. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has owned the subject property for at least [Redacted] years. Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-02): Client elects to waive with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||
| 223320010 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Non-Traditional Creditor cannot be verified due to missing Creditor Contact information. | Lender approved exception for Borrower has a lengthy history of property management and through their LLC rent their properties to a company called [Redacted]LLC which is a Drug and Alcohol Rehab organization throughout the state of [Redacted] as well as [Redacted] The appraisal reflects [Redacted] units on one parcel-corner lot, 2 duplexes and the appraisal supports both. Renaissance Recovery is a intermediary between the individuals that occupy the units and the borrower. Per the lease, the Recovery occupants or lack thereof would have no effect on rents due the borrower-it is a flat rent amount per month for a [Redacted]-year period. The borrower has [Redacted]ong credit, good reserves and the DTI ratio is over [Redacted]% using the market rent income noted on the appraisal. EXCEPTION REQUEST is for the uniqueness of the subject property. Compensating Factors are [Redacted]-Unique Property-Unacceptable Prop Unable to downgrade/waive due to: Per lender approval, appraiser was to comment there have been no modification that would adversely affect marketability and a sample care agreement evidencing no medical care is being provided at the subject property. These were not located in the file. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-08): Client elects to waive with compensating factors. Buyer Comment (2025-05-06): please cancel condition, docs were provided in initial loan file, aprsl on [Redacted], pg [Redacted], paragraph [Redacted] addresses marketability and the sample care agreement is on [Redacted]. |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223328284 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Approved for VISA TYPES. Incomplete exception document. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-05): Cleared. Client elects to waive with compensating factors. Buyer Comment (2025-05-05): Exception Request Form |
05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223328406 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-12): Received Non-QM Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-05-08): uploaded business purp cert |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223328406 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | File is missing the warranty deed transferring the property. | Reviewer Comment (2025-05-12): Received warranty deed transferring the property in the file. Exception Cleared. Buyer Comment (2025-05-08): uploaded warranty deed |
05/12/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223328428 | [Redacted] | [Redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Provided hazard insurance effective date of [Redacted] which is after the note date of [Redacted] | Reviewer Comment (2025-05-12): Corrected Hazard Insurance Policy received. Details verified and updated. Exception cleared. Buyer Comment (2025-05-08): hazard insurance policy |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223328428 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception request is to utilize a BPO vs an AVM to determine equity on the departing residence. We are using the BPO on the bridge loan and it was ordered internally by ART. Funds to close are coming from bridge loan on the departing residence. CLTV is tight at [Redacted]% with the [Redacted] mtg and bridge loan so we cannot use the original purchase price from [Redacted]. Borrowers have [Redacted]mos post-closing reserves and the branch is working on bringing the DTI below [Redacted]% to avoid an additional pricing hit. [Redacted] yr fixed [redcated] program qualified over [Redacted]yr term. Residual income is $[Redacted]. Owns primary for [Redacted]years and we have a listing agreement in file as of[Redacted] but will most likely close after our loan. 3rd party searches confirm the house is listed for sale for [Redacted] days. Lender exception was approved with conditions: Max [Redacted]% LTV, Max [Redacted]% DTI | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted] %. |
Lender approved exception with comp factors cited | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-02): Lender approved exception with comp factors cited. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223328428 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted]was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | The Initial Loan Estimate was provided to the borrower electronically prior to the earliest dated E-Consent in file. | Reviewer Comment (2025-05-06): [Redacted] received earliest consent dated [Redacted] Buyer Comment (2025-05-06): Please see pg [Redacted], Electronic Consent Date for both [Redacted] and [Redacted] was [Redacted] Reviewer Comment (2025-05-06): [Redacted] Received E-Consent document; however, Consent status reflects "Pending". Provide Earliest E-Consent accepted by borrower. Buyer Comment (2025-05-05): eConsent |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328432 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Cure amount provided on final CD, file does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223328432 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | Loan file is missing final CD/Closing statement for sale of 4 Chip Circle to evidence funds to close and payoff of associated liability. The Seller CD in file is only a preliminary version. | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): final cd for [Redacted] |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223328432 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Loan file is missing final CD/Closing statement for sale of 4 Chip Circle to evidence funds to close and payoff of associated liability. The Seller CD in file is only a preliminary version. | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): see final cd for [Redacted] property uploaded |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223328432 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] finding due to missing asset documentation, resulting in a loan designation discrepancy. | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): see final cd for [Redacted] property uploaded |
05/09/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223328432 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] finding due to missing asset documentation. | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): see final cd for [Redacted] property uploaded |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328432 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] finding due to missing asset documentation. | Reviewer Comment (2025-05-09): Received required documentation. Condition cleared. Buyer Comment (2025-05-07): see final cd for [Redacted] property uploaded |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328450 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Non-QM Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-05-08): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-07): BPC |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223328450 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is needed due to Section 9.9: Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned 3bd/2.1 ba SFR located in a rural area, with public utilities. The required CDA has not been received yet. Compensating factors are FICO XXXX points or more above requirement, Long Term Homeownership (>5 years) and [Redacted] [Redacted]or greater. Exception Conditions are Subject property to be confirmed as tenant occupied, 1004d to confirm all con[Redacted]uction is complete, Appraisals should not include any other comps from properties for which we are financing, including comparable sales and rental comps - RENTAL COMPS TO BE UPDATED, Max [Redacted]LTV, Minimum [Redacted]Year [Redacted] and All other signature expanded guidelines to be met. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-04): Client elected to waive exceptions with compensating factors. |
05/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223328458 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-08): E-sign consent received. Buyer Comment (2025-05-07): E-sign docs |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Revised appraisal dated [Redacted] is missing evidence of receipt. | Reviewer Comment (2025-05-08): Delivery evidence received. Buyer Comment (2025-05-07): Appraisal sent |
05/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TN | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Revised appraisal dated [Redacted] is missing evidence of receipt. | Reviewer Comment (2025-05-08): Delivery evidence received. Buyer Comment (2025-05-07): appraisal sent |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Revised appraisal dated[Redacted] is missing evidence of receipt. | Reviewer Comment (2025-05-08): Delivery evidence received. Buyer Comment (2025-05-07): Appraisal sent |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328458 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223328655 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender needed exception due to Section 9.2: Unacceptable Property Type (Unique Property & Rooming/Boarding Home). Exception request for eligibility of subject property. The subject is a legally zoned 10bd/3 ba SFR located in a suburban area with 1<acre, and public utilities. The subject is on located on the [Redacted] College's campus, and the subject appear to be used for student housing. The appraiser has provided a couple of recent sales that are similar to the bdrm count and similarly used for student house. The require CDA has not been received yet. Compensating factors are Loan To Value [Redacted]% or more under requirement, FICO [Redacted]points or more above requirement, Reserves [Redacted]+ months more than requirement and Long-Term Homeownership (>5 years). Exception Conditions Maximum [Redacted]% LTV, Minimum [Redacted] 1, Reserve requirement to be met as within Expanded UW guidelines, The lesser of market rents or current rents to be utilized, Minimum [Redacted] year [Redacted] and Subject to meeting all Signature Expanded guidelines requirements. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-05): Client elects to waive with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223328663 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted],[Redacted][Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Amount Financed disclosed is $[Redacted]. Calculated Amount Financed of $[Redacted],[Redacted][Redacted]. Variance of $[Redacted]. Based on the review discrepancy occurred due to APR variance of [Redacted]%. Calculated APR [Redacted]% however APR disclosed is [Redacted]%. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-05-09): [Redacted] received lender attestation confirming the title-tax cert & title-tax deletion fee are one time fees & [Redacted]c[Redacted] services Buyer Comment (2025-05-08): Please see attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223328663 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted][Redacted].[Redacted] which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated 0[Redacted]). | Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted][Redacted].[Redacted]. Variance of -$[Redacted].Variance of $[Redacted]. Based on the review discrepancy occurred due to APR variance of [Redacted]%. Calculated APR [Redacted]% however APR disclosed is [Redacted]%. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-05-09): [Redacted] received lender attestation confirming the title-tax cert & title-tax deletion fee are one time fees & [Redacted]c[Redacted] services. Buyer Comment (2025-05-08): Please see attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223328663 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for TX Guaranty Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | TX guaranty fee amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223328663 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-05-08): Client elects to waive without compensating factors. Reviewer Comment (2025-05-08): The exception is for delivery of Revised primary appraisal report dated [Redacted]. Provided communication log does not verify which document was sent. Exception remains. Buyer Comment (2025-05-06): Please see attached, CDA sent [Redacted] |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223328663 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - With Waiver) | [Redacted] Constitution Section [Redacted]: Final itemized disclosure of fees, points, costs and charges not provided to borrower at least one ([Redacted]) business day prior to closing with waiver. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-05-08): Closing Disclosure dated at least one business day prior to closing may also be used to satisfy this requirement. Buyer Comment (2025-05-06): Please see internal doc [Redacted]showing the borrowers received the CD showing all fees/costs associated on [Redacted]. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223328667 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Lender exception was approved at origination to allow close in LLC with an expired Certificate of good standing. Borrower is requesting an exception for to close in an LLC without an expired Certificate of good standing. Certificate in file is dated [Redacted]so it expired a few days ago. We have done [Redacted] other loans for this borrower and closed in the same LLC both times. Borrower doesn't own his current primary but does own [Redacted] rental properties. [Redacted]-year mortgage history and an [Redacted]-year credit history with no late payment. Assets: $[Redacted]leaving $[Redacted]-[Redacted]months for reserves. Compensating factors are FICO of [Redacted]is [Redacted]points or more above requirement, total debt [Redacted]% or more under requirement, minimum consumer debt and [Redacted][Redacted]or greater. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-05): Client elects to waive with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223328668 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing | Reviewer Comment (2025-05-12): Provided Articles of Organization along with certificate of amendment. Exception cleared. Buyer Comment (2025-05-09): Please see attached Reviewer Comment (2025-05-08): Require Article of Organization/Formation is required for [Redacted] and it is not provided in the file. Exception Remains. Buyer Comment (2025-05-06): See attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223328668 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Note Addendum - Prepayment is missing | Reviewer Comment (2025-05-08): Received Note Addendum - Prepayment in the file. Exception Cleared. Buyer Comment (2025-05-06): See attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | Yes | ||||||||||||||
| 223328668 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned 3 bd/2 ba SFR located in a rural area with <1 acre, and public utilities. Currently, a CDA is not required. Compensating Factors are Rural Investment Property | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Originator,SitusAMC | Reviewer Comment (2025-05-05): Client elects to waive with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223328668 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for [Redacted] Subject is vacant and cash out requesting to waive haircut "Exception is needed due to Section 9.9 Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned 3 bd/2 ba SFR located in a rural area with [Redacted]acre, and public utilities. Currently, a CDA is not required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Originator,SitusAMC | Reviewer Comment (2025-05-05): Client elects to waive with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223328675 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is requested at origination for [Redacted] calculated without a written lease agreement and to continue without evidence of receipt of most recent months rent. [Redacted] Cash out. Borrower has owned their primary for two years. Borrower owns no additional properties. Cash out Proceeds are the equivalent of [Redacted]month's reserves. The property is subject to an at will tenancy without a written lease agreement. Confirmed with LOX from the borrower and the appraisal. A letter from the borrower outlining the terms of the lease is in file. There are handwritten, borrower prepared, receipts of the most recants months rent in file. All 4 receipts show rent is paid in cash. Most recent month's statement does not show a deposit that clearly matches this amount deposited. Lease ($[Redacted]) are less than market rent (8800) and the lease amount is used to qualify. Exception to continue without evidence of receipt of most recent months rent. ***Unable to clear. An LOE regarding no written leases for current tenants is located in the file however the letter does not meet guideline requirements. Per guidelines, a letter with the tenant's name, address, monthly rent, and how long the lease has been active is required.*** | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with compensating factors. Buyer Comment (2025-05-08): Approval |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223328675 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Note Addendum - Prepayment is missing in file. | Reviewer Comment (2025-05-09): Received Note Addendum - Prepayment. Exception cleared. Buyer Comment (2025-05-07): Prepayment Addendum |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | Yes | ||||||||||||||
| 223328675 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. | An LOE regarding no written leases for current tenants is located in the file however the letter does not meet guideline requirements. Per guidelines, a letter with the tenant's name, address, monthly rent, and how long the lease has been active is required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with compensating factors. Buyer Comment (2025-05-08): Leases and Rents |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223328728 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-05-08): Received required documentation. Condition cleared. Buyer Comment (2025-05-06): aprsl receipt upld |
05/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223328731 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower requested exception for: Collateral - Section 9.9: Rural Investment property. Exception is needed due to section 9.9: Rural Investment property. Exception request for eligibility of subject property. The subject is a 2 bd/1.0 SFR located in a rural area with 2.16 acres, well water, and septic sewar. The subject has no zoning; however, the appraiser confirms that the subject can be re-built if de[Redacted]oyed. A supportive CDA is in the file. Exception has-been approved with compensating factor: Residual Income $[Redacted]k or more Long Term Homeownership (>[Redacted] years) |
Borrower has verified disposable income of at least $[Redacted]. The Loan to Value (LTV) on the loan is less than or equal to [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
Documentation Type: [Redacted] Disposable Income: $[Redacted] Loan to Value: [Redacted]% Guideline Maximum Loan to Value: [Redacted]% |
Aggregator,SitusAMC SitusAMC Aggregator |
Reviewer Comment (2025-05-09): Client elects to waive with compensating factors. Reviewer Comment (2025-05-02): Client elected to waive exceptions with compensating factors. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223328731 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Subject property is investment, however section [Redacted]A. Property would be occupied as primary residence | Reviewer Comment (2025-05-09): Corrected 1003 received. Exception Cleared. Buyer Comment (2025-05-08): LOE and correction |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223328894 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy. | Reviewer Comment (2025-05-12): Final Title Policy received, exception cleared. |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223328894 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[Redacted]in Title Supplemental report is less than the note amount of $[Redacted]. | Reviewer Comment (2025-05-12): Final Title Policy received, exception cleared. Buyer Comment (2025-05-08): uploaded updated title work with correct loan amount |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223328894 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Asset statements provided must cover at least [Redacted] days on purchases | Reviewer Comment (2025-05-14): Additional bank statement received. Buyer Comment (2025-05-13): [Redacted] [Redacted] statement |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223329151 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXXX | Secondary valuation is missing in file. | Reviewer Comment (2025-05-12): Received required documentation. Condition cleared. Buyer Comment (2025-05-08): CDA |
05/12/2025 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Investment | Purchase | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 223329151 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business purpose certificate is missing in file. | Reviewer Comment (2025-05-13): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-12): Business Purpose Cert |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 223329151 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to "I am requesting a non-QM exception to be made on this project that has a mandatory Spa Membership fee with XXXX." Lender requested an exception which was approved to "Max [Redacted]% LTV, Min [Redacted] [Redacted], Min [Redacted]-year [Redacted], NW Condo LLPA will apply, Mandatory memberships to be counted in the PITIA, Subject to meeting all other Signature Expanded guideline requirements." | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Borrower's Own Funds Percent: [Redacted]% Borrower's Own Funds Amount: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-05): Client elects to waive with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | D | B | C | B | D | A | N/A | No | |||||||||||
| 223329220 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to Limitation on other REO "Exception is needed due to Section [Redacted]: Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned 3 bd/2.1 be SFR located in a rural area, with public utilities. Currently, a CDA is not required." | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-05): Client elected to waive exceptions with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223329220 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to "**XXXX Subject is vacant and cash out, requesting to waive haircut**Exception is needed due to Section 9.9 Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned 3 bd/2.1 be SFR located in a rural area, with public utilities. Currently, a CDA is not required." | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-05): Client elected to waive exceptions with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223329220 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of organization is missing. | Reviewer Comment (2025-05-06): Received Article of organization and Certificate of Amendment in the file. Exception Cleared. Buyer Comment (2025-05-05): Cert of Amendment Buyer Comment (2025-05-05): AOO |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223329429 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided XXXX Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower XXXX business days prior to closing was not provided. | Reviewer Comment (2025-05-09): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-08): Proof Appraisal sent |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | SC | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Provided Article of Organization/Formation is not provided for borrowing business entity. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Originator,SitusAMC | Reviewer Comment (2025-05-08): Received Article of Organization/Formation. Exception Cleared. Buyer Comment (2025-05-07): llc docs upld |
05/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Provided Certificate of Good Standing is not provided for borrowing business entity. | Reviewer Comment (2025-05-08): Received Certificate of Good Standing for borrowing business entity. Exception Cleared. Buyer Comment (2025-05-07): llc docs upld to trl docs |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provided Corporate Resolution is not provided for borrowing business entity. | Reviewer Comment (2025-05-20): Received corporate resolution signed by all the members of the business entity. Exception cleared. Buyer Comment (2025-05-19): resolution upld Reviewer Comment (2025-05-08): Received corporate resolution for other business entity. Require corporate resolution for borrowing business entity. Exception Remains. Buyer Comment (2025-05-07): llc docs upld to trl docs |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Provided EIN is not provided for borrowing business entity. | Reviewer Comment (2025-05-08): Received EIN for borrowing business entity. Exception Cleared. Buyer Comment (2025-05-07): llc docs upld to trl docs |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Provided Operating Agreement is not provided for borrowing business entity. | Reviewer Comment (2025-05-08): Received Operating Agreement. Exception Cleared. Buyer Comment (2025-05-07): llc docs upld to trl docs |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Non-QM Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-05-20): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-19): cert upld |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial Cross - Country Rate Lock is missing in the file. | Reviewer Comment (2025-05-08): Received Initial [Redacted] Rate Lock. Exception Cleared. Buyer Comment (2025-05-07): initial lock upld |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | D | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223329510 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is needed due to Section[Redacted]: Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] bd/[Redacted] ba SFR located in a rural area, with public utilities. The required CDA has not been received yet. Compensating factors are FICO [Redacted] points or more above requirement, Long Term Homeownership (>[Redacted]years) and [Redacted] [Redacted] or greater. Exception Conditions are Subject property to be confirmed as tenant occupied, Appraisals should not include any other comps from properties for which we are financing, including comparable sales and rental comps - RENTAL COMPS TO BE UPDATED, Max [Redacted]% LTV, Minimum [Redacted]Year [Redacted] and All other Signature Expanded guidelines to be met. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Originator,SitusAMC | Reviewer Comment (2025-05-05): Client elects to waive with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223331490 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file is missing a copy of the Final Title Policy. | Reviewer Comment (2025-05-12): Final title received. |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | B | A | B | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223331490 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Title Preliminary Report in the file not disclosed total Policy coverage amount. | Reviewer Comment (2025-05-12): Final title received. Buyer Comment (2025-05-09): Final Title Policy |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | A | B | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223331490 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Compliance | Closing Disclosure Missing Issue Date Non-Material | Closing Disclosure with an estimated issue date of [Redacted] did not disclose an issue date. Unable to conclusively determine Final Closing Disclosure to use for fees due to missing Issue Date. EV2 informational finding to indicate which document was used to source fees for any applicable testing. Closing Disclosure dated [Redacted] used to source fees for testing. | Closing Disclosure with an estimated issue date of [Redacted] did not disclose an issue date. Unable to conclusively determine Final Closing Disclosure to use for fees due to missing Issue Date. | Reviewer Comment (2025-05-12): Final CD issue date confimed from disclosure summary. Buyer Comment (2025-05-09): Confirmation of Final CD |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | A | B | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223331742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [Redacted] business days prior to closing. | Revised Loan estimate dated[Redacted] is missing evidence of receipt at least [Redacted] business days prior to closing. | Reviewer Comment (2025-05-07): [Redacted] received proof of earlier electronic receipt Buyer Comment (2025-05-06): Revised LE Delivery to Borrower Confirmation |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223331742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223331742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-08): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-06): Proof appraisal sent to borrower |
05/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223332072 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted]business days prior to closing was not provided. | Reviewer Comment (2025-05-06): Exception Cleared; Proof of Appraisal delivery document is received. Buyer Comment (2025-05-05): Apologies, Appraisal Delivery Receipt Buyer Comment (2025-05-05): Appraisal Delivery Receipt |
05/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | VA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223332074 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file for property as the subject property is used as an adult assisted living facility. Approved with with comp factors. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Seasoned Borrower/Investor whose experience exceeds [Redacted] completed projects. |
Exception approval in file with comp factors noted. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-05): Exception approved with comp factors cited. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223332076 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to "Exception is needed due to Unacceptable Property Type (Legal Nonconforming Zoning & H&B Use). Exception request for eligibility of subject property. The subject is a [Redacted] bd/[Redacted] be SFR located in a suburban area with <[Redacted]acre, well water, and septic sewer. The subject is zoned legal nonconforming, and the appraiser notes that if the subject is de[Redacted]oyed >[Redacted]%, any new improvements would need to conform to current zoning requirements (Light Manufacturing). The appraiser has provided commentary on pages [Redacted], and [Redacted]. The appraiser also notes that currently, highest and best use IS met; however, if the lot was vacant, it would be no (page [Redacted]). Most comparable are either residentially or commercially zoned; however, comparable [Redacted] is a listing with similar "Light Manufacturing" zoning. Lender exception was approved with the following conditions: Minimum [Redacted][Redacted], Minimum [Redacted]year [Redacted]. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-05): Client elected to waive exceptions with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223332076 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to "Minimum [Redacted][Redacted], minimum [Redacted]Year [Redacted], all other Signature Expanded guideline requirements to be met." | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Buyer Comment (2025-05-15): Rebuttal Reviewer Comment (2025-05-09): The issue is the EMD of $[Redacted] was not sourced in the file. Please provide evidence the EMD cleared the borrower/guarantors account. Buyer Comment (2025-05-07): Rebuttal |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223332076 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Due to insufficient funds PITIA is[Redacted] | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-15): Rebuttal Reviewer Comment (2025-05-09): The issue is the EMD of $[Redacted]was not sourced in the file. Please provide evidence the EMD cleared the borrower/guarantors account. Buyer Comment (2025-05-07): Rebuttal |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223332076 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $[Redacted] are insufficient to meet cash to close of $[Redacted]. Additional asset verification needed including source of EMD to cover asset required. | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-15): Rebuttal Reviewer Comment (2025-05-09): The issue is the EMD of $[Redacted]was not sourced in the file. Please provide evidence the EMD cleared the borrower/guarantors account. Buyer Comment (2025-05-07): Rebuttal |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | File is missing the initial [Redacted] Rate Lock as required by the client's guidance. | Reviewer Comment (2025-05-08): Received Rate Lock in the file. Exception Cleared. Buyer Comment (2025-05-07): Rate Lock |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | D | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing for borrowing entity. | Reviewer Comment (2025-05-09): Received Articles of Organization/Formation for business entity. Exception cleared. Buyer Comment (2025-05-08): Articles of Organization |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing for borrowing entity. | Reviewer Comment (2025-05-09): Received Certificate of Good Standing for business entity. Exception cleared. Buyer Comment (2025-05-08): Cert |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing for borrowing entity. | Reviewer Comment (2025-05-09): Received Corporate Resolution signed by all members. Exception cleared. Buyer Comment (2025-05-08): Corporate Resolution |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing for borrowing entity. | Reviewer Comment (2025-05-09): Received Employer Identification Number (EIN) for business entity. Exception cleared. Buyer Comment (2025-05-08): EIN |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing for borrowing entity. | Reviewer Comment (2025-05-09): Received Operating Agreement for business entity. Exception cleared. Buyer Comment (2025-05-08): Operating Agreement |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided at origination for Section [Redacted]: Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] bd/[Redacted] ba SFR located in a rural area, with public utilities. The required CDA has not been received yet. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223332077 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided at origination for [Redacted]Subject is vacant cash out and requesting to waive haircut. Lender exception was approved with the following conditions: [Redacted]to com RM all con[Redacted]uction is complete, Appraisal should not include any other camps from properties for which we are nancing including comparable sales and rental camps- RENTAL COMPS TO UPDATED, Max [Redacted]LTV, minimum [Redacted]Year [Redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223332916 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least 3 business days to closing. | Reviewer Comment (2025-05-07): Client elects to waive. Buyer Comment (2025-05-07): initial aprsl receipt |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SD | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223332916 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least [Redacted] business days to closing. | Reviewer Comment (2025-05-09): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-08): aprsl receipt upld |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | SD | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223333727 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-23): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): Cure Docs Reviewer Comment (2025-05-12): [Redacted] received LOE. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title - Settlement / Closing / Escrow Fee fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-05-09): LOX |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223333727 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-23): [Redacted]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): See Uploads Reviewer Comment (2025-05-12): [Redacted] received LOE. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title - Courier / Express Mail / Messenger Fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-05-09): See upload |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223333994 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted] Error: Birth Date was not provided | - | Note shows [Redacted] as managing member, but fully executed Unconditional Guaranty agreement indicates he is a guarantor and credit documents would be required if this individual is a guarantor. Verification of whether Andrew is signing only as managing member of the business entity borrower or whether the unconditional guaranty agreement is valid is required. | Reviewer Comment (2025-05-14): Received Driver's License. Exception Cleared. Buyer Comment (2025-05-13): copy of DL uploaded for [Redacted] Reviewer Comment (2025-05-13): Required Proof of document to verify the [Redacted] DOB is [Redacted].Excpetion Remains. Buyer Comment (2025-05-12): [Redacted] DOB is [Redacted] Reviewer Comment (2025-05-12): The 1003 received does not verify the guarantor [Redacted] date of birth. Buyer Comment (2025-05-12): 1003 uploaded |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Refinance - Rate/Term | B | A | B | A | A | A | N/A | No | |||||||||||||
| 223334012 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender request exception that our borrower is requesting a cash out refinance of an investment property utilizing ICF to qualify at a $[Redacted],[Redacted][Redacted]loan amount. Section [Redacted]requires a minimum loan amount of $[Redacted]. Compensating Factors are FICO [Redacted] points or more above requirement, Reserves [Redacted]+ months more than requirement, Long term Homeownership (>[Redacted]years) and [Redacted] [Redacted]or greater. Exception Conditions : Max [Redacted]% LTV, Min [Redacted][Redacted], Min [Redacted]year [Redacted], Any loan which is deemed to be High Cost as defined by federal and/or state regulation is not allowed under Signature Expanded, A [Redacted]% point/fee limit is applied to all Signature Expanded loans regardless of whether or not they are under the scope of High cost(however defined) and regardless of consumer vs business purpose and Subject to meeting all other Signature Expanded guideline requirements. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. |
Exception approval in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-05-06): Exception approval in file with comp factors cited. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223334014 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [Redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Proof of appraisal delivery to borrower within [Redacted] business days of closing not provided. | Reviewer Comment (2025-05-08): Received proof/receipt which confirms copy of appraisal deliver to borrower from [Redacted] business days prior to closing date. Exception Cleared. Buyer Comment (2025-05-07): Please see D[Redacted] pg [Redacted] as proof of appraisal delivery |
05/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334023 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-16): Business Purpose Certificate provided. Exception cleared. Buyer Comment (2025-05-15): Please see attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334024 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [Redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-09): CDA delivery received. Buyer Comment (2025-05-07): Proof appraisal sent to borrower |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334025 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested for [Redacted]non-warrantable characteristics, [Redacted]uctural repairs that are not completed and condotel like characteristics. Unable to downgrade/waive due to missing HOA to confirm the scope of the phase II inspections is limited to [Redacted] only. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. Buyer Comment (2025-05-12): Condo Info |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223334028 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-09): Delivery evidence received. Buyer Comment (2025-05-07): Receipt |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334030 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is present in file : Non-Warrantable Condo: 1) HOA had Mandatory Membership Fees to use the pool. The pool is owned by an outside party. |
The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to [Redacted]%. The representative FICO score is above [Redacted]. |
Lender approved exception in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-05): Lender exception approved with comp factors cited. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223334030 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Verification of employment is not provided within [Redacted] business days prior to note date for listed second employment. | Reviewer Comment (2025-05-13): Exception cleared. Received VOE after the Note date and updated correctly for [Redacted]nd employment with [Redacted]. Buyer Comment (2025-05-12): Please see pg [Redacted] of Signature Expanded Underwriting Guidelines v [Redacted] from [Redacted] - Exhibit F Age of Documentation, "*VVOE and WVOE should be no more than [Redacted] business days prior to Note date OR any tim after the Note date confirming borrower is currently employed and/or current income level". Please clear condition with VOE provided Reviewer Comment (2025-05-12): Require VVOE document [Redacted] business days prior to note date for listed second employment as provided document verified date [Redacted] which is after the closing date which is not acceptable Exception Remains. Buyer Comment (2025-05-09): Verification of Employment |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223334030 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [Redacted] business days of the Note. | - | Verification of employment is not provided within [Redacted] business days prior to note date for listed second employment. | Reviewer Comment (2025-05-13): Exception cleared. Received VOE after the Note date and updated correctly for [Redacted]nd employment with [Redacted]. Buyer Comment (2025-05-12): Please see pg [Redacted] of Signature Expanded Underwriting Guidelines v [Redacted] from [Redacted] - Exhibit F Age of Documentation, "*VVOE and WVOE should be no more than [Redacted] business days prior to Note date OR any tim after the Note date confirming borrower is currently employed and/or current income level". Please clear condition with VOE provided Reviewer Comment (2025-05-12): Require VVOE document [Redacted] business days prior to note date for listed second employment as provided document verified date [Redacted] which is after the closing date which is not acceptable Exception Remains. Buyer Comment (2025-05-09): Please see verification of employment uploaded today. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223334031 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Article of Organization is missing in the file. | Reviewer Comment (2025-05-13): Received Articles of Organization/Formation for business entity. Exception cleared. Buyer Comment (2025-05-12): LLC docs [Redacted] Reviewer Comment (2025-05-08): Need the Articles of Organization/Formation for [Redacted]. Buyer Comment (2025-05-08): LLC docs |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223334031 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Non-QM Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-05-12): Business purpose certificate received, exception cleared Buyer Comment (2025-05-12): Business Purpose Reviewer Comment (2025-05-08): Still require a business purpose certificate for this cash out [Redacted]. Exception remains. Buyer Comment (2025-05-08): LLC docs |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223334031 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is needed due to Section [Redacted]: Rural Investment Property & Section [Redacted]: Properties recently listed for sale. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted]bd/[Redacted] ba [Redacted]located in a rural area, with public utilities. Per title, the subject was last transferred on [Redacted] as a quit claim deed. There do not appear to be any transfers within the last [Redacted]months that were of monetary changes. The subject was originally listed on[Redacted] for[Redacted], then reduced on [Redacted]to [Redacted] Listing was removed on[Redacted] and the application date is [Redacted], so the subject was not a delisted prior to application. Currently, a CDA is not required. Compensating Factors are FICO [Redacted]points or more above requirement and Long Term Homeownership (>[Redacted]years). exception Conditions are Subject property to be confirmed as tenant occupied, provide evidence the subject property has been delisted, Max [Redacted]% LTV, Minimum [Redacted]Years [Redacted] and All other Signature Expanded Guidelines to be met. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223334031 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Limitation on other REO. Lender exception is needed due to Section [Redacted]: Rural Investment Property & Section [Redacted]: Properties recently listed for sale. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted]bd/[Redacted] ba PUD located in a rural area, with public utilities. Per title, the subject was last transferred on [Redacted]as a quit claim deed. There do not appear to be any transfers within the last [Redacted] months that were of monetary changes. The subject was originally listed on [Redacted] for $[Redacted], then reduced on [Redacted] to $[Redacted]. Listing was removed on [Redacted], and the application date is [Redacted], so the subject was not a delisted prior to application. Currently, a CDA is not required. Compensating Factors are FICO [Redacted] points or more above requirement and Long Term Homeownership (>[Redacted] years). exception Conditions are Subject property to be confirmed as tenant occupied, provide evidence the subject property has been delisted, Max [Redacted]% LTV, Minimum [Redacted]Years [Redacted] and All other Signature Expanded Guidelines to be met. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223334031 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request provided for Subject is vacant and cash out. Requesting to waive haircut. Lender exception approval provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-06): Client elects to waive with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223334031 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The certificate of good standing provided is not dated within [Redacted]days of the note date. | Reviewer Comment (2025-05-19): Received certificate of good standing for borrowing business entity. Exception cleared. Buyer Comment (2025-05-16): see attached Reviewer Comment (2025-05-13): Provided good standing is more than [Redacted] days prior to note date. Certificate of Good Standing from the Applicable Sec of State Office, dated within [Redacted] days of the note date is required. Exception remains. Buyer Comment (2025-05-12): LLC docs Reviewer Comment (2025-05-08): Need a Certificate of Good Standing for [Redacted]. Buyer Comment (2025-05-08): LLC docs |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223334065 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Lender's Title Insurance Fee amount of $[Redacted]exceeds tolerance of $[Redacted]. The file did not contain a valid Change of Circumstance for the increased fee and there was no evidence of a tolerance cure. | Reviewer Comment (2025-05-14): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-13): uploaded lox pccd label and cure check |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | UT | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223334088 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign consent agreement missing in file. | Reviewer Comment (2025-05-09): E-sign consent agreement received, exception cleared. Buyer Comment (2025-05-07): E sign consent agreement |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334088 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender exception in file to allow for an [Redacted]LTV with credit score of [Redacted]. Exception approved with comp factors of DTI, residual income and long term employment. | The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Lender exception approved with comp factors. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-05): Exception approved with comp factors cited. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| 223334089 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Commitment reflects an ALTA Loan Policy amount of $ [Redacted], which is insufficient to cover the subject loan amount of $ [Redacted]. Final Title Policy was not provided to verify sufficient title coverage was obtained. | Reviewer Comment (2025-05-14): Title Commitment received & Coverage amount updated. Exception cleared. Buyer Comment (2025-05-13): commit with correct insured amt upld |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334089 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Initial escrow account statement is missing. | Reviewer Comment (2025-05-09): Initial Escrow account statement received, Exception Cleared. Buyer Comment (2025-05-08): escrow discl upld |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334089 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State Defect | [Redacted] SB [Redacted] | [Redacted] Predatory Lending Database Program ([Redacted]) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Certificate of Compliance or Exemption not attached to mortgage for recording is missing. | Reviewer Comment (2025-05-09): Certificate of Compliance Disclosure received, Exception cleared. Buyer Comment (2025-05-08): il cert upld |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334089 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal reflects county of [Redacted] and legal description and property tax records reflect subject is located in [Redacted] county. | Reviewer Comment (2025-05-13): Received Appraisal Report with correct county name "[Redacted]". Exception cleared. Buyer Comment (2025-05-12): revised aprsl upld |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334097 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Wire / Funding / Disbursement Fee. Fee Amount of $ [Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Wire / Funding / Disbursement Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-12): [Redacted] received corrected PCCD and LOE with corrected fee name. Buyer Comment (2025-05-09): uploaded lox & pccd |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223334097 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance verification for following subject property was not provided; [Redacted] | Reviewer Comment (2025-05-12): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-08): It's not a legal or a lending requirement to carry HOI on a property. Carrying homeowners Insurance is optional, not a requirement. The property is secured by a private mortgage company. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334098 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | The unit number is not cited on either the HO6 policy or the blanket policy. | Reviewer Comment (2025-05-20): Received Hazard Insurance with correct address. Exception Cleared. Buyer Comment (2025-05-19): Corrected hazard |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334098 | [Redacted] | [Redacted] | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | The unit number is not cited on the flood certification. | Reviewer Comment (2025-05-08): Flood cert with the accurate subject property address was received. Exception cleared. Buyer Comment (2025-05-08): Flood cert |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334098 | [Redacted] | [Redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Master Policy Effective prior to closing date [Redacted] is required. | Reviewer Comment (2025-05-12): Provided Hazard Insurance Policy with Effective Date of [Redacted] to [Redacted]. Exception cleared. Buyer Comment (2025-05-08): Current policy |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334099 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] HPML Threshold Test Compliant | [Redacted] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | APR on the subject loan of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% Compliant Higher Priced Loan. | Reviewer Comment (2025-05-08): Client elects to waive without compensating factors. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| 223334103 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | File does not contain a valid COC for this fee, cure not provided at closing. | Reviewer Comment (2025-05-20): [Redacted] received attestation is sufficient. Buyer Comment (2025-05-19): title email confirming they required survey upld Reviewer Comment (2025-05-15): [Redacted] received LOE and rebuttal, however on LE fee was disclosed as title - survey fee and on CD fee was disclosed as survey fee. We are unable to determine from the file whether the lender or title company required the survey. If the lender required, the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-05-14): Please cancel the condition ,the survey fee was disclosed on Initial Loan Estimate. The Borrower shopped for this fee and it is unlimited tolerance regardless of who required it. Reviewer Comment (2025-05-12): [Redacted] is unable to determine from the file whether the lender or title company requried the survey. If the lender required the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-05-09): INVESTOR REBUTTAL - [Redacted] |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223334110 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for property was recently listed for sale, borrower explained now found great tenants and decided not to sell the property with compensating factors good fico with great mortgage payment history; also with cash out, borrower will have over [Redacted] months reserves. Borrower also own current residence. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-06): Client elected to waive exceptions with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223334116 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request because the Master COI Wildfire Deductible is at [Redacted]% which exceed agency requirement of [Redacted]%. HOA provided a LOX stating project was not impacted by wildfire, also issue a special assessment to pay for increased [Redacted]% deductible. It would be $[Redacted]per unit. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-06): Client elected to waive exceptions with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223334116 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The project is established project formed in [Redacted]. Primary residence at [Redacted]% LTV. Requesting [Redacted]% LTV approval. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-06): Client elected to waive exceptions with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease agreements missing for both noted properties. | Reviewer Comment (2025-05-15): Acknowledged. Buyer Comment (2025-05-15): lease agreements and cash receipts upld |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Nothing in file to evidence the updated report was provided to the borrower at least [Redacted] business days prior to closing. | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Lender Exception in file to allow cash receipts in lieu of Lease agreement for REO income and no cash rental receipts found in file, causing a Loan Designation discrepancy. | Reviewer Comment (2025-05-15): Received leases and rent receipts. Condition cleared. Buyer Comment (2025-05-15): lease agreements and cash receipts upld |
05/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [Redacted] Method | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify Real Estate Owned income ([Redacted] Method) using reasonably reliable third-party records. | Lender Exception in file to allow cash receipts in lieu of Lease agreement for REO income and no cash rental receipts found in file. | Reviewer Comment (2025-05-15): Received leases and rent receipts. Condition cleared Buyer Comment (2025-05-15): lease agreements and cash receipts upld |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [Redacted] Method | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify Real Estate Owned income ([Redacted] Method) using reasonably reliable third-party records. | Lender Exception in file to allow cash receipts in lieu of Lease agreement for REO income and no cash rental receipts found in file. | Reviewer Comment (2025-05-15): Received leases and rent receipts. Condition cleared Buyer Comment (2025-05-15): lease agreements and cash receipts upld |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | Lender Exception in file to allow cash receipts in lieu of Lease agreement for REO income and no cash rental receipts found in file, causing ATR failure. | Reviewer Comment (2025-05-15): Received leases and rent receipts. Condition cleared |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file to allow for use of cash receipts as proof of rent for borrower's two investment properties. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The qualifying DTI on the loan is at least [Redacted] % less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elects to waive with compensating factors. Buyer Comment (2025-05-15): lease agreements and cash receipts upld |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file to allow for a unique property type as subject property is currently utilized as an assisted living facility. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The qualifying DTI on the loan is at least [Redacted] % less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elects to waive with compensating factors. Buyer Comment (2025-05-15): sample care agreement upld |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223334127 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception approval for the property being used as an assisted living facility was subject to file containing a sample care agreement (blank agreement) to evidence that no medical care is being provided in the subject property. This documentation was not found in file and until all conditions of the approval are met the exception for the property use cannot be waived and downgraded. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The qualifying DTI on the loan is at least [Redacted] % less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Borrower has been employed in the same industry for more than [Redacted] years. Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elects to waive with compensating factors. Buyer Comment (2025-05-15): sample care agreement upld |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223334128 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender request exception as Our borrower is requesting to purchase an investment property utilizing ICF to qualify at an [Redacted]% LTV and [Redacted]EAD card. Section 2.3 caps the LTV at [Redacted]% for an ICF loan and does not provide an option for a C14 EAD. *** Comments from the LO: We are seeing if we can get an exception on the Borrowers EAD card not being on the list of approved categories as well as an exception of XXXX% LTV instead of [Redacted]%. Borrower has landlord history of owning more than one investment property. Compensating factors are FICO XXXX points or more above requirement and Long Term Homeownership (>5 years). Exception Conditions are 75% LTV Max, Minimum [Redacted] [Redacted], Minimum [Redacted]Yr [Redacted], C14 is approved subject to - Immigration attorney letter detailing the current case status confirming no adverse action has been taken and Subject to meeting all other Signature Expanded guideline requirements. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-06): Client elected to waive exceptions with compensating factors. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223334133 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Looking to also use disability income on this P&L loan. Looking for an exception to use disability income on this P&L loan. It's not listed as an eligible other source of income that can be used. Compensating factors include: Lower LTV of [Redacted]%, high FICO of [Redacted], long term homeownership of [Redacted]years (selling old primary), , and residual income of $[Redacted]. Borrowers need [Redacted]months reserves on subject plus [Redacted]months on REO = $[Redacted]. Borrower have $[Redacted]in reserves =[Redacted]months of reserves. NOTE: The DTI of [Redacted]% is INCLUDING the $[Redacted]disability income. Without this income, the borrowers do not qualify. Exception Approved. |
The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Client elects to waive with compensating factors. Buyer Comment (2025-05-07): See [Redacted], [Redacted]and [Redacted] |
05/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223334137 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-12): Business Purpose Certificate was received, exception cleared Buyer Comment (2025-05-12): cert upld |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334141 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Liability reported [Redacted] dividend on credit report as unsecured - Installment but as per final it has been reported as second lien on [Redacted] XXXX property. Same property has been reported as sold and closing statement provided but lien from [Redacted] dividend has not been paid. Clarification is needed and additional documentation could be required depending on clarification provided. | Reviewer Comment (2025-05-20): Received loan documents for [Redacted] Exception cleared. Buyer Comment (2025-05-19): See upload. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334754 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Assets are required to cover cash to close requirement of $[Redacted]. Missing the required [Redacted] months bank statements for the assets used to qualify. | Reviewer Comment (2025-05-14): Received [Redacted] months for [Redacted] account [Redacted]-statements for [Redacted]-[Redacted] and [Redacted]-[Redacted] and account [Redacted]statements for [Redacted]-[Redacted] and [Redacted]-[Redacted]. Exception Cleared. Buyer Comment (2025-05-13): Apologies, I did not realize there were no asset statements available to you. Please see attached for your review Reviewer Comment (2025-05-13): There is no asset document is available on the file. Provide assets to [Redacted] months consecutive bank statements for [Redacted] account number [Redacted] and [Redacted]. Exception remains. Buyer Comment (2025-05-12): Statements in file cover [Redacted] full statement cycles available for accounts, please waive. [Redacted] account [Redacted]-statements for[Redacted] and [Redacted] [Redacted] account [Redacted]statements for [Redacted] and [Redacted] Reviewer Comment (2025-05-12): No new document received. There is no asset document is available on the file. Provide assets to [Redacted] months consecutive bank statements to satisfy cash to close requirement of $[Redacted]. Exception remains. Buyer Comment (2025-05-08): Please clarify which account is missing [Redacted] months statements. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334754 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Assets are required to cover reserve requirement of [Redacted] months PITIA. Missing the required [Redacted]months bank statements for all assets used to qualify. | Reviewer Comment (2025-05-14): Received [Redacted] months for [Redacted] account [Redacted]-statements for [Redacted]-[Redacted] and [Redacted]-[Redacted] and account [Redacted]statements for [Redacted]-[Redacted] and [Redacted]-[Redacted]. Exception Cleared. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334761 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[Redacted]is less than the note amount of $[Redacted]. | Reviewer Comment (2025-05-12): updated title committment received. Buyer Comment (2025-05-08): uploaded updated title work with correct loan amount |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-05-16): Final title provided. |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Verification of Non-US Citizen Status is missing. | Reviewer Comment (2025-05-15): Received ITIN, Exception cleared. Buyer Comment (2025-05-15): itin upld |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | [Redacted] and [Redacted] 1040s were provided, but not signed and dated. | Reviewer Comment (2025-05-15): Received signed and dated page of 1040s. Exception cleared. Buyer Comment (2025-05-15): signed returns upld |
05/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | [Redacted] and [Redacted] 1040s were provided, but not signed and dated. | Reviewer Comment (2025-05-15): Received signed and dated page of 1040s. Exception cleared. Buyer Comment (2025-05-15): signed returns upld to trl docs. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Schedule C | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | [Redacted] and [Redacted] 1040s were provided, but not signed and dated. | Reviewer Comment (2025-05-15): Received signed and dated page of 1040s. Exception cleared. Buyer Comment (2025-05-15): signed returns upld to trl docs. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | [Redacted] and [Redacted] 1040s were provided, but not signed and dated. | Reviewer Comment (2025-05-15): Received signed and dated page of 1040s. Exception cleared. |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted]) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-05-16): [Redacted] received disclosure tracking for the [Redacted] CD. Buyer Comment (2025-05-15): cd trk upld |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted]was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-05-16): [Redacted] Received evidence that loan estimate was mailed. Buyer Comment (2025-05-15): proof le was also sent reg mail upld |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed $[Redacted] of title insurance coverage; however this is less than the loan amount of $[Redacted]. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-16): Final title provided. Buyer Comment (2025-05-16): revised commit with correct insured amt upld |
05/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334767 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted] Error: Citizenship Source Documentation was not provided | - | Reviewer Comment (2025-05-15): Received ITIN, Exception cleared. Buyer Comment (2025-05-15): signed returns upld to trl docs |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223334773 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated Available for Reserves of [Redacted] is less than Guideline Available for Reserves of [Redacted]months | Reviewer Comment (2025-05-12): Provided final closing disclosure of other property with cash out amount of $[Redacted]. Reserves requirement is satisfied. Exception cleared. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334773 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $[Redacted]are insufficient to meet cash to close of $[Redacted]. Final [Redacted] reflects $[Redacted][Redacted]. verified, however, documentation needed to confirm asset verified. | Reviewer Comment (2025-05-12): Provided final closing disclosure of other property with cash out amount of $[Redacted]. Cash to close requirement is satisfied. Exception cleared. Buyer Comment (2025-05-09): secured borrowed funds for reserves |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223334775 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is requesting to purchase a primary residence utilizing bank statements to qualify at a $[Redacted]loan amount. Section [Redacted] requires an exception when the loan amount exceeds $[Redacted] Compensating factors: FICO [Redacted]points or more above requirement. Total Debt [Redacted]% or more under requirement. Residual Income $[Redacted]or more. |
Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-05): Client elected to waive exceptions with compensating factors. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | ||||||||
| 223334775 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-12): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-08): Please see attached |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NV | Primary | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223336456 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | File is missing fully executed warranty deed transferring ownership to the borrowing entity. | Reviewer Comment (2025-05-19): Provided quit claim deed dated [Redacted] where property is being transferred to borrowing business entity name. Exception cleared. Buyer Comment (2025-05-16): UPLOADED DEED |
05/19/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-13): E-sign Consent Agreement received, exception cleared. Buyer Comment (2025-05-12): Those are the only eConsent pages. Rest is compliance report similar to [Redacted] Reviewer Comment (2025-05-12): All pages of E-Sign consent from page [Redacted] to [Redacted] are required. Exception remains. Buyer Comment (2025-05-09): eConsent |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-13): Appraisal delivery confirmation document received, Exception Cleared. Buyer Comment (2025-05-12): [Redacted] Shows receipt of [Redacted]appraisal on [Redacted] Reviewer Comment (2025-05-12): Please provide borrower's acknowledgement of receiving the Appraisal Report dated [Redacted] within [Redacted] business days prior to consummation. Exception remains. Buyer Comment (2025-05-09): Delivery Receipt |
05/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-12): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-09): Delivery Receipt |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-12): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-09): Delivery Receipt |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request: Loan Amount: Requesting $[Redacted]loan amount. Our borrower is requesting a cash out refinance of a primary residence utilizing bank statements to qualify at a $[Redacted]MM loan amount. Section [Redacted] requires an exception when the loan amount exceeds $[Redacted]. *** Comments from the LO: Borrower has successfully owned and operated this business for over [Redacted] years and has owned the same home/ Primary residence for over [Redacted]years. Refi will save borrower over $[Redacted]/ month in housing expense. LTV is excepted to be [Redacted]% with equity over $[Redacted]million. FICO is [Redacted]which is [Redacted]points above requirement. Borrower meets reserve requirement of [Redacted] months without consideration of cash-out proceeds. UPDATED EXCEPTION [Redacted]- Requesting higher loan amount as payoff came in higher. Updated form to reflect current loan parameters, Branch changed it from [Redacted]years fixed to [Redacted]y I/O also. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-07): Preapproved exception |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted][Redacted] is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated[Redacted]). | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted][Redacted] is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated[Redacted]). | Reviewer Comment (2025-06-02): [Redacted] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2025-06-02): RTC Documentation confirmed delivered by [Redacted] Reviewer Comment (2025-05-28): EXCEPTION HISTORY - Exception Detail was updated on [Redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). (Final/[Redacted]) Reviewer Comment (2025-05-27): [Redacted] received LOE, unexecuted RTC's and Activity Log. Must be provided proof that consumer's received the RTC's at least [Redacted] business days prior to the [Redacted] Cancel by date, as the RTC's are not executed and no proof of receipt/delivery provided. Activity Log only reflects the documents sent, not received. Buyer Comment (2025-05-27): RTC with proof sent Reviewer Comment (2025-05-23): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2025-05-22): PCCD Cure Reviewer Comment (2025-05-14): [Redacted] received rebuttal on tax cert fee being one time fee. This fee has been removed from the finance charges calculation. However, the finance charge is still underdisclosed over tolerance by $[Redacted]. In reviewing lender's compliance report, it appears the other fee relates to the Appraisal management fee of $[Redacted] that was not included in lender calculation. The [Redacted] portion could be either - finance charge or non-finance charge. It would depend on what the [Redacted] fee purpose/service is. Is the [Redacted] fee for purposes of selecting an appraiser and coordinating receipt of appraisal or for reviewing, confirming data, and verifying the appraisal report? This is the information we are seeking to determine whether the [Redacted] fee is excludable. Provide lender attestation as to the services included in the fee. Otherwise, if a lump sum charged for several services includes charges that are not excludable, a portion of the total should be allocated to those services and included in the finance charge. If the [Redacted] fee is primarily for verifying or confirming information connected to the appraisal, please provide an attestation indicating such, otherwise, if a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to a [Redacted]c[Redacted] excludable service, the entire fee may be treated as a finance charge.Final Rule excerpt provided addresses whether the appraisal and [Redacted] fee should be disclosed separately or as one charge, it does not address consideration of the [Redacted] fee as a finance charge or non-finance charge. Finance Charge determination is based on [Redacted] and [Redacted] agrees that if the [Redacted] fee charged is primarily for verifying or confirming information connected to the appraisal, the [Redacted] portion would also be excluded from finance charges per Commentary under[Redacted](c)([Redacted])-[Redacted]. If the AMC charge is primarily for verifying or confirming information connected to the appraisal, please provide LOE from AMC provider or signed lender attestation indicating such for documentation in file to support exclusion from finance charges. Buyer Comment (2025-05-13): Rebuttal Memo |
06/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[Redacted]). | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of [Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Reviewer Comment (2025-06-02): [Redacted] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Reviewer Comment (2025-05-28): EXCEPTION HISTORY - Exception Detail was updated on [Redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). (Final/[Redacted]) Reviewer Comment (2025-05-27): [Redacted] received LOE, unexecuted RTC's and Activity Log. Must be provided proof that consumer's received the RTC's at least [Redacted] business days prior to the [Redacted] Cancel by date, as the RTC's are not executed and no proof of receipt/delivery provided. Activity Log only reflects the documents sent, not received. Buyer Comment (2025-05-27): Please see RTC documentation uploaded today. Reviewer Comment (2025-05-23): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2025-05-23): Please see PCCD cure uploaded yesterday, thank you! Reviewer Comment (2025-05-14): [Redacted] received rebuttal on tax cert fee being one time fee. This fee has been removed from the finance charges calculation. However, the finance charge is still underdisclosed over tolerance by $[Redacted]. In reviewing lender's compliance report, it appears the other fee relates to the Appraisal management fee of $[Redacted] that was not included in lender calculation. The AMC portion could be either - finance charge or non-finance charge. It would depend on what the AMC fee purpose/service is. Is the AMC fee for purposes of selecting an appraiser and coordinating receipt of appraisal or for reviewing, confirming data, and verifying the appraisal report? This is the information we are seeking to determine whether the AMC fee is excludable. Provide lender attestation as to the services included in the fee. Otherwise, if a lump sum charged for several services includes charges that are not excludable, a portion of the total should be allocated to those services and included in the finance charge. If the AMC's fee is primarily for verifying or confirming information connected to the appraisal, please provide an attestation indicating such, otherwise, if a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to a [Redacted]c[Redacted] excludable service, the entire fee may be treated as a finance charge.Final Rule excerpt provided addresses whether the appraisal and AMC fee should be disclosed separately or as one charge, it does not address consideration of the AMC fee as a finance charge or non-finance charge. Finance Charge determination is based on [Redacted] and [Redacted] agrees that if the AMC fee charged is primarily for verifying or confirming information connected to the appraisal, the AMC portion would also be excluded from finance charges per Commentary under[Redacted](c)([Redacted])-[Redacted]. If the AMC charge is primarily for verifying or confirming information connected to the appraisal, please provide LOE from AMC provider or signed lender attestation indicating such for documentation in file to support exclusion from finance charges. Buyer Comment (2025-05-13): Please see rebuttal memo uploaded today. |
06/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223336964 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Evidence of delivery for Appraisal Report dated [Redacted] within [Redacted]business days prior to consummation is missing. | Reviewer Comment (2025-05-13): Appraisal delivery confirmation document received, Exception Cleared. |
05/13/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 223336967 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated[Redacted]missing evidence of receipt. | Reviewer Comment (2025-05-12): Received proof/receipt which confirms copy of appraisal deliver to borrower from [Redacted] business days prior to closing date. Exception Cleared. Buyer Comment (2025-05-08): See attached |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | PA | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Asset statements provided must cover at least 60 days on purchases, provide one more additional account statement of #[Redacted]. | Reviewer Comment (2025-05-15): Account was recently opened but initial large deposit has been sourced, Exception cleared. Buyer Comment (2025-05-13): Rebuttal |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Investor Qualifying Residual income discrepancy. | Qualifying disposable income of $-[Redacted]is not enough to meet the required disposable income of $[Redacted]. The available bank statements have been used to capture the income. | Reviewer Comment (2025-05-19): Foreign liabilities, including carrying costs on owned properties, do not need to be verified. Exception cleared. Buyer Comment (2025-05-16): Please see the attached Reviewer Comment (2025-05-13): Departing residence expenses has been excluded from debt but no sales supporting or intent for sale document provided, Exception remains. Buyer Comment (2025-05-09): Income calc |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Qualifying disposable income of $-[Redacted]is not enough to meet the required disposable income of $[Redacted]. The available bank statements have been used to capture the income. | Reviewer Comment (2025-05-20): Received required documentation. Condition cleared. Buyer Comment (2025-05-16): see uploaded docs on [Redacted] Reviewer Comment (2025-05-13): Departing residence expenses has been excluded from debt but no sales supporting or intent for sale document provided, Exception remains. Buyer Comment (2025-05-09): Income clac |
05/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Second Home | Purchase | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay - Residual Income: Investor and Non QM vs Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Investor's calculated residual income amount [Redacted] and calculated Non QM residual amount ([Redacted]) are both lower than the amount required per the guidelines ([Redacted]). | Qualifying disposable income of $-[Redacted]is not enough to meet the required disposable income of $[Redacted]. The available bank statements have been used to capture the income. | Reviewer Comment (2025-05-19): Foreign liabilities, including carrying costs on owned properties, do not need to be verified. Exception cleared. Buyer Comment (2025-05-16): see uploaded docs on [Redacted] Reviewer Comment (2025-05-13): Departing residence expenses has been excluded from debt but no sales supporting or intent for sale document provided, Exception remains. Buyer Comment (2025-05-09): Income calc |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-06): Sufficient Cure Provided At Closing |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Credit report is missing from file. | Reviewer Comment (2025-05-13): [Redacted] national. No credit. Buyer Comment (2025-05-09): No credit |
05/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-09): Appraisal delivery confirmation document received, Exception Cleared. Buyer Comment (2025-05-08): Appraisal sent |
05/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Credit History | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify debt obligations using reasonably reliable third-party records. | Credit report is missing from file | Reviewer Comment (2025-05-20): Received required documentation. Condition cleared. Buyer Comment (2025-05-16): see uploaded docs on [Redacted] Reviewer Comment (2025-05-13): Departing residence expenses has been excluded from debt but no sales supporting or intent for sale document provided, Exception remains. Buyer Comment (2025-05-09): No Credit |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines Do Not Address[Redacted] ATR Factors | Ability to Repay (Dodd-Frank [Redacted]): Guidelines provided do not address all [Redacted] factors of ATR. | The residual income for the Asset Qualifier product must be at least $[Redacted]per month. | Reviewer Comment (2025-05-19): Foreign liabilities, including carrying costs on owned properties, do not need to be verified. Exception cleared. Buyer Comment (2025-05-16): please see the attached Reviewer Comment (2025-05-13): Departing residence expenses has been excluded from debt but no sales supporting or intent for sale document provided, Exception remains. Buyer Comment (2025-05-09): Income calc |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223336969 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | The residual income for the Asset Qualifier product must be at least $[Redacted]per month. | Reviewer Comment (2025-05-20): Received required documentation. Condition cleared. |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223336981 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request update assets requesting to allow the usage of the foreign account as part pf post closing assets. Borrower has additional funds but the are deposited at National Bank of Egypt. The problem is that it will be very expensive for borrower to use transfer those funds to US account, so which would still be short, but borrower is stating that has additional funds that belong to borrower but it is not in her father name, they are willing to provide gift letter and could transfer it into borrower's foreign account, which would be technically be used for post closing assets. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Lender exception in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Exception approval in file with comp factors cited. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223336981 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception as Borrower has several US accounts, including business funds requesting exception to use [Redacted]% of business post closing funds to qualify . Borrower sold [Redacted]% of the her business for $[Redacted]in [Redacted] and deposited the funds at [Redacted]CD business account . PER CPA letter, Borrower is [Redacted]% OWNER OF THE BUSINESSNBUT HAS [Redacted]% [Redacted] SHARES and the majority for the proceeds are from the sale of the company. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Lender exception in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Exception approval in file with comp factors cited. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223336981 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for loan amount over $[Redacted] with Max LTV [Redacted]%, branch is requesting LTV of [Redacted]%. Lender exception with COUNTEROFFER: Max [Redacted]% LTV, [Redacted] to be completed | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Lender exception in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Exception approval in file with comp factors cited. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223336989 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. | Reviewer Comment (2025-05-13): [Redacted] received earliest e-consent dated [Redacted] Buyer Comment (2025-05-12): proof econsent accepted upld |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223336989 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | WA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223336989 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | WA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223337606 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Attorney Review Fee increased to $[Redacted]without a valid change of circumstance. No evidence of a cure was found in the file. | Reviewer Comment (2025-05-28): [Redacted] Received PCCD and LOE moving fee to section H. Buyer Comment (2025-05-27): pccd docs upld Reviewer Comment (2025-05-27): [Redacted] received rebuttal. However, the Attorney fee of $[Redacted]is reflecting under section C borrower paid. Therefore we would either require a valid COC for the fee increased or provide cure for the fee increase. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-05-23): rebuttal upld Reviewer Comment (2025-05-21): [Redacted] received LOX for rebuttal response states that Attorney fees paid by seller and listed under seller paid column. However, please see docs ID #[Redacted] Final CD dated [Redacted] page [Redacted] section C.[Redacted] indicates that Attorney's fees in the amount of $[Redacted] paid by borrower and listed under borrower paid at closing column and there seems to be no valid COC in the loan file for the fee was changed from seller paid to borrower paid. Provide valid COC for the fee changed or Cure is required to borrower. Buyer Comment (2025-05-20): rebuttal upld Reviewer Comment (2025-05-16): [Redacted] Attorney review fee added on CD dated [Redacted] without valid [Redacted]. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-05-15): trid rebuttal upld |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223337614 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-12): Received Non-QM Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-05-09): Business Purpose |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223337626 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Collateral. Section [Redacted] : Unacceptable Property Type (Unique property w/No Similar Comps). Exception is needed due to Section[Redacted]: Unacceptable Property Type (unique Property w/No similar Comps). Exception request for eligibility of subject property . The subject is a 2bd/1 ba SFR located in a suburban area with [Redacted]acres, well water, and septic sewer. the subject is legally zoned as " Residential with [Redacted]sq ft. lot area and home occupation allowed." The subject has a very large workshop, with no similar comparable. The appraiser also notes that the subject is a unique property as a residential zoning property that allows an occupational use and the owner must live there. There are no similar sales to use that have this zoning. However, there also note that the property cannot be a commercial property as commercial is not legal use in the area, and the workshop does not appear to be currently used for any type of business/occupational work. the appraisers commentary is on pages [Redacted]and[Redacted] regarding these items. currently , a CDA is not required. |
Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): Client elected to waive exceptions with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower requested exception for: Collateral - Non-warrantable condo due to lack of reserves, investor concentration and commercial space. Requesting [Redacted]exceptions.[Redacted]. Lack of reserves[Redacted]. Investor concentration 3. Commercial space. Exception has-been approved with compensating factor: Loan to Value [Redacted]% or more under requirement. FICO [Redacted]points or more above requirement. Residual Income $[Redacted]or more Long Term Employment (>[Redacted]years) |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): Client elected to waive exceptions with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Compliance | TRID | Document Error | TRID | Closing Disclosure: Dates are not in chronological order. | - | Closing disclosure issue date is [Redacted] and signed on[Redacted] | Reviewer Comment (2025-05-12): Sign date corrected, exception cleared. Buyer Comment (2025-05-09): There are no Closing Disclosures with [Redacted] dates in the file. Please clarify. |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | File is missing verification of Rent, Lease agreement, Bank statement to confirm rent for borrower. | Reviewer Comment (2025-05-12): Verification of Rent received, exception cleared. Buyer Comment (2025-05-09): Please see internal document D[Redacted], misfiled under VOD. This is not a deposit, it is the VOR letter. Please also see D[Redacted], misfiled under lender correspondence. This is also part of the VOR. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI exceeding guideline requirement causes loan to [Redacted] through the QM testing resulting in a Loan Designation discrepancy. | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. |
05/16/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted] ([Redacted]) ([Redacted]) of [Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI exceeding guideline requirement causes loan to [Redacted] through the QM testing. | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-15): Added B[Redacted] pension to income. See attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Reserves of $[Redacted] is less than Guideline Available for Reserves of $[Redacted]due to source of earnest money not provided. | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-15): Added B2 pension to income. See attached Buyer Comment (2025-05-15): EMD clearing |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of [Redacted]% exceeds Guideline total debt ratio of [Redacted]%. | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | DTI exceeding guideline requirement causes loan to [Redacted] through the QM testing. | Reviewer Comment (2025-05-16): Received clarification/approval/documentation from lender. Condition cleared. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223337737 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least [Redacted] business days to closing. | Reviewer Comment (2025-05-12): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-09): See attached |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223337738 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Mortgage Statement verifying New [Redacted] Mtg. disclosed on final [Redacted]for [Redacted]Manor Blvd | Reviewer Comment (2025-05-14): Received LE. Loan has not closed as of closing date. Reviewer Comment (2025-05-13): Exception History - [Redacted]; Required Final Closing Disclosure or Mortgage statement to clear this condition. - Exception Remains. Reviewer Comment (2025-05-13): Received Loan Estimate for [Redacted], however a final Cd would be required. Buyer Comment (2025-05-09): loan has not closed yet. We qualified the borrower on the $[Redacted]. LE attached |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223337979 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-06): Sufficient Cure Provided At Closing |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223337979 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-06): Sufficient Cure Provided At Closing |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223337984 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Condotel, Investor Concentration and lack of reserve funding. Compensating Factors: Non-warrantable condotel due to investor concentration and lack of reserve funding | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): Client elected to waive exceptions with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223337984 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Property is leasehold, Leasehold Endorsement is required for all leasehold properties. | Reviewer Comment (2025-05-13): Received evidence of endorsement. Condition cleared. Buyer Comment (2025-05-09): Endorsement |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223337993 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception has been raised for Non-warrantable condo due to excessive deductible Compensating Factors: 1. FICO [Redacted] points or more above requirement. 2. Total Debt [Redacted]% or more under requirement 3. Residual Income $[Redacted]or more 4. Long term employment (>[Redacted]years) 5. Long term Homeownership (>[Redacted]years) 1NW Characteristic: Excessive deductible per unit water deductible of [Redacted]% Exception has been approved 1.Max [Redacted]% LTV 2.NW Condo LLPA will apply 3. HO-6 insurance to explicitly have $[Redacted]in coverage for water damage 4. Subject to meeting all other guideline requirements. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): Client elected to waive exceptions with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Second Home | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223337993 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Lender's Title Insurance was last disclosed as $[Redacted]disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-13): [Redacted] received corrected PCCD and LOE Buyer Comment (2025-05-12): pccd docs upld |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223337997 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Appraisal review fee not disclosed on initial (final) LE. No valid change in circumstance or cure for borrower provided. | Reviewer Comment (2025-05-19): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-16): pccd docs with cure and proof of delivery upld |
05/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | DE | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 223337997 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Notice of Special Flood Hazard Disclosure is signed and dated on note date. | Reviewer Comment (2025-05-12): Notice of Special Flood Hazard Disclosure updated correctly. Exception cleared. Buyer Comment (2025-05-08): please cancel cond, flood notice on d[Redacted] was signed [Redacted], loan closed [Redacted]. |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | DE | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 223337997 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Reviewer Comment (2025-05-12): Account not used for qualification. Exception cleared. Buyer Comment (2025-05-09): I do not see anywhere that the borrowers have a [Redacted] bank account or mortgage. Can you please elaborate on what exactly is needed from [Redacted]? |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is missing in the file. | Reviewer Comment (2025-05-14): Approval document received and associated. Exception Cleared. Buyer Comment (2025-05-13): uploaded final approval |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | [Redacted] Subprime Loan: Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-05-15): [Redacted] Counseling Disclosure received. Exception Cleared. Buyer Comment (2025-05-13): uploaded [Redacted] counseling disclosure |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | No obvious cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | [Redacted] Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] Subprime Home Loan Threshold Fixed Non-Compliant | [Redacted] Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]+ [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | [Redacted] Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on [Redacted]lien, subprime loan. | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on 0[Redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]. | Reviewer Comment (2025-05-22): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-05-21): uploaded lox pccd label & cure check |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | . The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted]. | Reviewer Comment (2025-05-22): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-05-21): see uploaded lox pccd label & cure check |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Our borrower is requesting to purchase a primary residence utilizing full documentation to qualify at an [Redacted]% LTV and [Redacted] credit score. Exhibit B requires a [Redacted]score to qualify for an XXXX% LTV. Comments from the LO: letter explaining low credit score saved in credit LOE folder. Lender exception was approved with the following conditions: [Redacted]% LTV Max, [Redacted]DTI Max, Loan amount not to exceed $[Redacted]Million, Subject to housing history VOR -[Redacted][Redacted]X | Borrower has verified disposable income of at least $[Redacted]. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Exception approval in file with comp factors noted. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Exception approval in file with comp factors cited. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Borrower indicated on initial [Redacted] that she rents her current residence. The exception approval was subject to a clean rental verification and the file did not contain a VOR or payment history of any type. | Reviewer Comment (2025-05-20): Letter of Explanation received and associated. Exception Cleared. Buyer Comment (2025-05-19): LOX Reviewer Comment (2025-05-15): Provided Lives rent fee Letter of Explanation city "[Redacted]" name is miss matching with Final 1003. - Exception Remains. Buyer Comment (2025-05-15): Borrower lives rent free. Rent free letter provided |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223338047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) | [Redacted] Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. | [Redacted] Counseling Disclosure not provided to borrower within three days of application. | Reviewer Comment (2025-05-15): Client elects to waive. |
05/15/2025 | 2 | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 223339359 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXXX | Reviewer Comment (2025-05-15): Received CDA report. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-15): CDA |
05/15/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||||||
| 223339359 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-14): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-13): BPC |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 223339359 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination for "**[Redacted] Subject is vacant and cash out, requesting to waive haircut**Exception is needed due to Section[Redacted] Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted]bd/[Redacted]ba SFR located in a rural area, with public utilities. Currently, a CDA is not required." | The qualifying [Redacted] on the loan is greater than the guideline minimum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
The [Redacted] is greater than the minimum required. | SitusAMC,Originator SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with comp factors. |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||
| 223339359 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request: Collateral. Section [Redacted]: Rural Investment Property. Exception is needed due to Section[Redacted] Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] bd/[Redacted] ba SFR located in a rural area, with public utilities. Currently, a CDA is not required." |
The qualifying [Redacted] on the loan is greater than the guideline minimum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
The [Redacted] is greater than the minimum required. | SitusAMC,Originator SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with comp factors. |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||
| 223339377 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated[Redacted]missing evidence of receipt. | Reviewer Comment (2025-05-13): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-09): Please see attached |
05/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223339377 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2025-05-13): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-09): Please see attached |
05/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223339380 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Business funds need verification borrower is [Redacted]% ower of business to use funds for reserves. Will have over [Redacted]with the business account. Pending verification Borrower has excellent credit on credit report with no derogatory credit. Compensating Factors: Pre-foreclosure[Redacted] identified on Data Verify received payment history on investment property showing lates in the previous [Redacted]m. LOE from borrower included. Mortgage is not currently reporting on credit. Current transaction is a Technical Refinance with property purchased [Redacted] at a purchase price of $[Redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. Buyer Comment (2025-05-09): Please clarify what is needed for a cure or clear with exception in file. |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223339527 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception Borrower does not meet [Redacted]% contribution - FTHB living rent free. Expanded Bank Statement- purchase of a primary residence. Subject is a site condo and doers not require condo review. The borrower is relatively and buying their first home. They currently live at homes with their parents rent free. Borrower meets credit requirement. They have been employed for [Redacted] years. Borrower has enough funds to meet reserve requirement. They are getting a gift to cover cash to close. Requesting to not meet [Redacted]% contribution per guidelines when borrower is FTHB living rent free. Lender exception was approved with the following exceptions: [Redacted]% LTV Max, [Redacted]DTI Max, Borrower to meet all reserve requirement frim own funds. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for [Redacted] years. DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. Buyer Comment (2025-05-12): Rebuttal |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223339532 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Income Statement (VRBO, Airbnb, etc.) not provided | Vacation Rental Income Statement (VRBO, Airbnb, etc.) is missing. | Reviewer Comment (2025-05-14): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-12): There is not a short-term doc as qualified on 1007 for this vacant purchase. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223339532 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Website Listing not provided | Vacation Rental Website Listing is missing. | Reviewer Comment (2025-05-14): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-12): There is not a short-term doc as qualified on 1007 for this vacant purchase. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223340054 | [Redacted] | [Redacted] | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-05-12): Condominium is approved by FNMA, exception cleared. Buyer Comment (2025-05-09): Out of Scope - Pg [Redacted] D[Redacted] Please cancel |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223340054 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender Exception is provided in the file approving loan amount of $[Redacted]although exception states minimum loan amount of $[Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC,Originator SitusAMC |
Reviewer Comment (2025-05-09): Client elects to waive with comp factors. |
05/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 223340056 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for LTV to [Redacted]% with no landlord history. [Redacted] is below 1 but loan will be at 1 or greated-Insurance being adjusted. Borrower has owned his current home for [Redacted] years. Has a [Redacted] Yea mortgage history and a [Redacted] Yr credit history with no late payment Assets: $[Redacted]leaving [Redacted]-[Redacted]months for reserves .Lender exception was approved with conditions: Max [Redacted]% LTV, Min [Redacted] [Redacted], Borrower to provide evidence of minimum [Redacted] months reserves, Borrower to sign LOX providing explanation surrounding mortgage lates with Calibur in [Redacted]. Unable to downgrade/waive due to insufficient reserves (lender approval required [Redacted] months, borrower only has [Redacted]), missing detailed letter on how borrower's plan to manage subject and the only comp factor available to DD is the following: Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. Borrower's Experience/Track Record |
Borrower's Experience/Track Record. The borrower has: [Redacted] Years of Experience. | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2025-05-29): Client elects to waive with comp factors. Buyer Comment (2025-05-29): Please review and clear as the other cond was cleared. Reviewer Comment (2025-05-27): Reviewed all original and trailing documents. The issue here is the borrower does not have sufficient reserves required by lender exception approval and sufficient compensating factors. Borrower has $[Redacted] in assets. This does not include the EMD of $[Redacted] as these funds were not sourced. The funds needed for close are as follows: $[Redacted], EMD $[Redacted]and prepaids of $[Redacted]. Total assets of $[Redacted]- $[Redacted]= $[Redacted]in available funds for reserves. Required is $[Redacted]. In addition, the only compensating factor available to DD is "Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]." Buyer Comment (2025-05-22): title company wires Reviewer Comment (2025-05-19): Received lender correspondence regarding funds wired to title company however receipt of the wire from the title company is not located in the file. Buyer Comment (2025-05-16): reserves & comp factors Reviewer Comment (2025-05-15): Reviewed all trailing documents, however documentation to cure the issue was not located. The issues is insufficient reserves and comp factors to enable downgrade/waive of exception. Buyer Comment (2025-05-15): LOX Buyer Comment (2025-05-14): See Upload Reviewer Comment (2025-05-13): Unable to downgrade/waive due to insufficient reserves (lender approval required v months, borrower only has [Redacted]), missing detailed letter on how borrower's plan to manage subject and the only comp factor available to DD is the following: Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. Buyer Comment (2025-05-09): Credit Exception listed on D[Redacted] & [Redacted] |
05/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| 223340056 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Deeds / Warranty / Grant / Quit-Claim is missing | Reviewer Comment (2025-05-13): Provided Warranty deed. Exception cleared. Buyer Comment (2025-05-12): Deed |
05/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223340056 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Funds available for closing $[Redacted]. This does not include the EMD as these funds were not sourced. Funds required at closing were $[Redacted] which includes the EMD, funds to close and prepaids. Funds available for reserves are $[Redacted], however required funds would be $[Redacted]. | Reviewer Comment (2025-05-28): Received updated bank statement showing the borrower received [Redacted] additional deposits from work prior to closing. Condition cleared Reviewer Comment (2025-05-27): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. Reviewer Comment (2025-05-27): Reviewed all original and trailing documents. The issue here is the borrower does not have sufficient reserves required by lender exception approval and sufficient compensating factors. Borrower has $[Redacted] in assets. This does not include the EMD of $[Redacted]as these funds were not sourced. The funds needed for close are as follows: $[Redacted], EMD $[Redacted] and prepaids of $[Redacted]. Total assets of $[Redacted] - $[Redacted] = $[Redacted] in available funds for reserves. Required is $[Redacted]. In addition, the only compensating factor available to DD is "Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]." Buyer Comment (2025-05-22): See uploads Reviewer Comment (2025-05-15): Reviewed all trailing documents, however documentation to cure the issue was not located. The issues is insufficient reserves and comp factors to enable downgrade/waive of exception. Reviewer Comment (2025-05-15): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. Buyer Comment (2025-05-14): Docs |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223340060 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Corrective note required due to provided note is missing the business entity borrower name. Currently only reflects "By Managing Member", but entity name is missing. | Reviewer Comment (2025-05-23): Received fully executed corrected Note. Exception cleared. Buyer Comment (2025-05-22): Signed Corrective Note |
05/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223340080 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-12): Business Purpose Certificate received, exception cleared Buyer Comment (2025-05-12): Business Purpose |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223340115 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | Reviewer Comment (2025-05-14): Received CDA. Exception Cleared. Buyer Comment (2025-05-13): CDA |
05/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | B | B | B | D | A | N/A | No | |||||||||||||||
| 223340115 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | SFR property with two ADU's has been approved with compensating factors of [Redacted]% Max LTV, Minimum [Redacted][Redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): Client elects to waive with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | D | B | B | B | D | A | N/A | No | |||||||||||
| 223340118 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Settlement / Closing / Escrow Fee $[Redacted]and closing disclosure reflects $[Redacted]. No valid change circumstance in file. | Reviewer Comment (2025-05-23): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): ALTA Reviewer Comment (2025-05-21): [Redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check of $[Redacted] and Title - Lender insurance adjusted to remove $[Redacted] paid to lender. Hence, we also required Final settlement statement to verify the lender paid fee applied to the same or additional cure of $[Redacted] with cure documents are required to cure this exception. Buyer Comment (2025-05-20): PCCD Cure |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223340118 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Lender's Title Insurance in loan estimate $[Redacted]and closing disclosure reflects $[Redacted]. No valid change circumstance in file. | Reviewer Comment (2025-05-23): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): Please see final ALTA uploaded today. Reviewer Comment (2025-05-21): [Redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check of $[Redacted] and Title - Lender insurance adjusted to remove $[Redacted] paid to lender. Hence, we also required Final settlement statement to verify the lender paid fee applied to the same or additional cure of $[Redacted] with cure documents are required to cure this exception. |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223340120 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for Borrower is purchasing primary residence, minimum FICO is [Redacted]and borrower is at [Redacted]. No recent derogatory credit, minimal debt, very low DTI, residual income over [Redacted]oK, [Redacted] months reserves, low LTV. Lender exception was approved with conditions: Maximum [Redacted]% LTV, Maximum DTI [Redacted], minimum FICO[Redacted] | The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Disposable Income: $[Redacted] |
SitusAMC,Originator SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Client elects to waive with comp factors. |
05/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223358331 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has requested Exception for Request exception for current [Redacted]% DTI for this [Redacted]% purchase transaction. B[Redacted] has excellent credit with FICO [Redacted]with [Redacted]+ yrs credit depth and zero late payments on CBR. B[Redacted] owns primary with mortgage [Redacted]*[Redacted]*[Redacted]per CBR in file. B[Redacted] with currently employer [Redacted]yrrs. Reserve [Redacted]mos SP [Redacted]mos departing residence will be own funds as well as funds to close. Exception has been approved with Maximum [Redacted]% LTV, Maximum DTI[Redacted], Reserve requirement to be met as within Expanded UW guidelines | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-07): . Reviewer Comment (2025-05-07): Client elected to waive exceptions with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223358331 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | Appraisal delivery receipt is missing for primary appraisal. | Reviewer Comment (2025-05-13): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-12): disregard previous comment, [Redacted] report receipt upld Buyer Comment (2025-05-09): See D[Redacted] |
05/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TN | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223358331 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Appraisal delivery receipt is missing for primary appraisal. | Reviewer Comment (2025-05-13): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-09): See D[Redacted] |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223358331 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | Appraisal delivery receipt is missing for primary appraisal. | Reviewer Comment (2025-05-13): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-09): See D[Redacted] |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223358331 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of $[Redacted]is less than Guideline Available for Reserves of $[Redacted].. | Reviewer Comment (2025-05-14): Reserve requirement met exception cleared Buyer Comment (2025-05-14): rebuttal and supporting docs upld |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223358331 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-13): Appraisal delivery receipt received. Exception Cleared. |
05/13/2025 | 1 | A | A | A | A | A | TN | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223358332 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report does not reflect an ALTA Loan Policy amount. Final Title Policy was not provided to verify sufficient title coverage was obtained. | Reviewer Comment (2025-05-12): Supplement title policy received, confirms title policy amount. Exception cleared. Buyer Comment (2025-05-09): showing amount of title policy |
05/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223358332 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | File is missing a valid COC indicating Lender's Title Insurance is increasing. No tolerance cure was provided. | Reviewer Comment (2025-05-14): [Redacted] received rebuttal and LOE is sufficient. Buyer Comment (2025-05-12): COC and LOX |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223358332 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Third party verification of borrower's self-employment start date and status of business was not provided. | Reviewer Comment (2025-05-22): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-20): Doesn't the google search that shows Open verify its 'Active' Reviewer Comment (2025-05-15): Received internet search of the business, but it does not reflect "Active" status of the business. Exception remains. Buyer Comment (2025-05-14): dated at top Reviewer Comment (2025-05-12): Provided business verification document is not dated, Exception remains. Buyer Comment (2025-05-09): VOE and third party showing everything |
05/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223358332 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | Third party verification of borrower's self-employment start date and status of business was not provided. | Reviewer Comment (2025-05-22): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-20): Doesn't the google search that shows Open verify its 'Active' Reviewer Comment (2025-05-15): Received internet search of the business, but it does not reflect "Active" status of the business. Exception remains. Buyer Comment (2025-05-14): dated at top Reviewer Comment (2025-05-12): Provided business verification document is not dated, Exception remains. Buyer Comment (2025-05-09): VOE and third party |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223358332 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Third party verification of borrower's self-employment start date and status of business was not provided. | Reviewer Comment (2025-05-22): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-20): Doesn't the google search that shows Open verify its 'Active' Reviewer Comment (2025-05-15): Received internet search of the business, but it does not reflect "Active" status of the business. Exception remains. Buyer Comment (2025-05-14): dated Reviewer Comment (2025-05-12): Provided business verification document is not dated, Exception remains. Buyer Comment (2025-05-09): VOE and Third party info |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223358332 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Third party verification of borrower's self-employment start date and status of business was not provided. | Reviewer Comment (2025-05-22): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-20): Doesn't the google search that shows Open verify its 'Active' Reviewer Comment (2025-05-15): Received internet search of the business, but it does not reflect "Active" status of the business. Exception remains. Buyer Comment (2025-05-14): dated Reviewer Comment (2025-05-12): Provided business verification document is not dated, Exception remains. Buyer Comment (2025-05-09): VOE and Third party info |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223358332 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | HOA Error: Subject is located in a project and HOA Information was not provided. | - | Reviewer Comment (2025-05-12): No HOA expenses on property, Exception Cleared. Buyer Comment (2025-05-09): Zillow also shows [Redacted] HOA fees Buyer Comment (2025-05-09): Property is in PUD but no HOA it says [Redacted] and they have a typed letter showing what was corrected |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223358335 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | OFAC for business entity is missing. | Reviewer Comment (2025-05-13): OFAC document provided. Exception cleared. Buyer Comment (2025-05-12): See attached |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223358644 | [Redacted] | [Redacted] | XXXX | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Lease agreement is missing. | Reviewer Comment (2025-05-14): Received lease agreement. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-13): Lease Agreement |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223358645 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least three ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least [Redacted] businessdays prior to closing and documentation in file indicates it was provided[Redacted]; however, the loan is an HPML loan and the timing waiver cannot be used for an HPML loan. | Reviewer Comment (2025-05-13): Client elects to waive. Reviewer Comment (2025-05-13): Original Appraisal delivery provided. This exception is for delivery of the [Redacted] CDA. Please provide delivery evidence for the CDA. Buyer Comment (2025-05-12): Orig appraisal delivered |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223358645 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Considered non-compliant due to appraisal not provided at least [Redacted] business days prior to closing. | Reviewer Comment (2025-05-13): Preliminary Appraisal report and delivery confirmation received. Buyer Comment (2025-05-12): Orig appraisal delivered |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223358645 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank [Redacted]): Safe Harbor requirements not satisfied. | Reviewer Comment (2025-05-13): Appraisal delivery confirmation document received, Exception Cleared. Buyer Comment (2025-05-12): Orig appraisal sent |
05/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223358645 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least [Redacted] business days to closing. | Reviewer Comment (2025-05-13): Preliminary Appraisal report and delivery confirmation received. Grade [Redacted] exception added for revised appraisal not delivered within [Redacted] business days of closing. Buyer Comment (2025-05-12): Orig appraisal sent |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223358645 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved for [Redacted]% LTV on a rural property (guides allow for [Redacted]% on rural). Original request was for [Redacted]% LTV but was counter-offered to [Redacted]%. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Exception approval in file with comp factors noted. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Exception approval in file with comp factors noted. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223358645 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of revised valuation to applicant three ([Redacted]) business days prior to consummation. | Revised Appraisal report dated[Redacted] was delivered on [Redacted]which is not [Redacted] businessdays prior to closing. | Reviewer Comment (2025-05-13): Client elects to waive. |
05/13/2025 | 2 | B | B | B | B | B | NC | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 223360708 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file is missing a copy of the Final Title Policy. | Reviewer Comment (2025-05-13): Title Document received. Details verified and updated. Exception cleared. Buyer Comment (2025-05-12): Prelim Title policy |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223360708 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least [Redacted] business days to closing. | Reviewer Comment (2025-05-15): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-13): receipt |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223361234 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-05-23): Business Purpose Certificate is provided. Exception Cleared. Buyer Comment (2025-05-22): See attached |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223361970 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | File is missing the Initial [Redacted] Rate Lock as required by the client's guidance. | Reviewer Comment (2025-05-13): Rate Lock document received, exception cleared. Buyer Comment (2025-05-12): Lock |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223362125 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-05-15): Title final policy received policy amount provided, Exception cleared. |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 223362125 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-05-15): Title final policy received policy amount provided, Exception cleared. Buyer Comment (2025-05-14): title policy |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 223362125 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA letter is not provided in file | Reviewer Comment (2025-05-19): Exception cleared - Received Operating agreement and cash flow analysis and updated clarity as required. Buyer Comment (2025-05-16): Second to last page has [Redacted]% ownership of the business Reviewer Comment (2025-05-15): Required CPA Letter showing borrower's Ownership % in the business. Exception Remains. Buyer Comment (2025-05-14): Underwriter letter |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223362125 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-15): Disclosure summary received and associated. Exception cleared. Buyer Comment (2025-05-14): E consent Reviewer Comment (2025-05-13): E-Sign Consent Agreement is required exception remains. Buyer Comment (2025-05-12): E consent |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223362125 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of access to business funds or cash-flow analysis missing for use of business funds. | Reviewer Comment (2025-05-19): Exception cleared - Received Operating agreement and cash flow analysis and updated clarity as required. Buyer Comment (2025-05-16): Please cancel - all S/E ownership documentation is in file, along with a [Redacted] cash-flow worksheet (pgs [Redacted]and [Redacted]). Per guidelines, sec [Redacted] pg [Redacted] of [Redacted] (as seen on pgs [Redacted]and [Redacted]), this is acceptable documentation to meet the alternative requirement to the CPA letter and allows use of business funds. Borrower is [Redacted]% owner of the business and per cashflow analysis, the net monthly cashflow is positive. Reviewer Comment (2025-05-15): Required Evidence of access to business funds. Exception Remains. Buyer Comment (2025-05-14): Underwriter Letter |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223362244 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided prior to three ([Redacted]) business days of closing. | Reviewer Comment (2025-05-14): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-12): SureReceipt |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | WA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223362246 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-28): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-27): Cure Reviewer Comment (2025-05-20): [Redacted] received LOX for rebuttal response. However, Title fees were disclosed under section B on latest LE borrower cannot shopped for service section and therefore it comes under zero percent tolerance. A valid COC for the fee increases or Cure is required to borrower. Cure consists of corrected CD, LOE to borrower, proof of mailing, and copy of refund check. Buyer Comment (2025-05-16): uploaded lox rebuttal Reviewer Comment (2025-05-15): [Redacted] received LOE. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the fee was included in section B of the most recent LE, the consumer was not allowed to shop, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-05-14): uploaded lox rebuttal for title courier fee |
05/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223362246 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Services Sales Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Title - Services Sales Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-16): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-15): uploaded lox pccd label and cure check |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223362249 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Article of Organization is missing in the file. | Reviewer Comment (2025-05-23): Received Articles of Organization/Formation document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-22): Articles Reviewer Comment (2025-05-19): Articles of Organization/Formation is still not received. Exception remains. Buyer Comment (2025-05-16): Articles of Organization previously provided, Article [Redacted], Sections [Redacted].[Redacted]-[Redacted].[Redacted] cover formation, business purpose, and location of the business. Reviewer Comment (2025-05-16): Articles of Organization/Formation document is not received in trailing document. Exception Remains. Buyer Comment (2025-05-15): Please see Article [Redacted] , Sections [Redacted].[Redacted]-[Redacted].[Redacted] which detail the formation, business purpose, and location of the business, and clear this condition. Reviewer Comment (2025-05-15): Operating Agreement cannot be used in lieu of Articles of Organization/Formation. Provide Articles of Organization/Formation for business entity. Exception remains Buyer Comment (2025-05-14): Articles of Organization and Operating Agreement |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223362249 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in the file. | Reviewer Comment (2025-05-15): Received Certificate of Good Standing for business entity. Exception cleared. Buyer Comment (2025-05-14): COGS |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223362249 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in the file. | Reviewer Comment (2025-05-15): Received Corporate Resolution signed by all members. Exception cleared. Buyer Comment (2025-05-14): Corporate Resolution |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223362249 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number is missing in the file. | Reviewer Comment (2025-05-15): Received Employer Identification Number (EIN) for business entity. Exception cleared. Buyer Comment (2025-05-14): EIN |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223362249 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in the file. | Reviewer Comment (2025-05-15): Received executed operating agreement for business entity. Exception cleared. Buyer Comment (2025-05-14): Please see Articles of Organization and Operating Agreement uploaded today. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223362351 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-05-15): Provided Articles of Organization of borrowing business entity. Exception cleared. Buyer Comment (2025-05-14): [Redacted] docs |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223362351 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file. | Reviewer Comment (2025-05-15): Received Certificate of Good Standing for borrowing business entity. Exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223362351 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in file. | Reviewer Comment (2025-05-15): Received Corporate Resolution signed by all the members of borrowing business entity. Exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223362351 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-05-15): Received Operating agreement of borrowing business entity. Exception cleared. Buyer Comment (2025-05-14): [Redacted] docs |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223362351 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rate Lock is missing in file. | Reviewer Comment (2025-05-15): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-14): Lock forms |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TN | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223362351 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination for "Requestor Comments: Exception is needed due to Section [Redacted]: Cash-Out [Redacted] Seasoning <[Redacted] mos & Section [Redacted]: Use of Appraised Value for LTV Calculation. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] bd/[Redacted] ba SFR located in a suburban area, with public utilities. The subject was last transferred on [Redacted] for $[Redacted]and is now appraising for $[Redacted]. The appraiser notes some of the recent updates completed on page [Redacted] of the PDF. CDA is not currently required." | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-09): Preapproved exception |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223362351 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination for "Loan is delayed financing, borrower is a professional investor and has multiple investment properties, purchased subject for [Redacted]k (have settlement statement) and provided word document of improvements for approx. [Redacted]k but not documented. Requesting to use appraised value instead of purchase price +improvements to qualify- borrower is just looking for reimbursement for amount of funds to purchase which is [Redacted]k. [Redacted] is >[Redacted], no derogatory credit, minimal debt, owned primary for [Redacted] years, [Redacted] months reserves with cash out, overall stable borrower and home is currently rented". | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-09): Preapproved exception |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| 223362353 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-20): Business Purpose Certificate provided. Exception cleared. Buyer Comment (2025-05-20): cert upld |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223362353 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [Redacted] Rate lock is missing as required by Client. | Reviewer Comment (2025-05-15): Received Initial [Redacted] Rate lock. Exception Cleared. Buyer Comment (2025-05-14): initial lock upld |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223362355 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [Redacted] Initial Rate Lock document is missing. | Reviewer Comment (2025-05-15): Initial Rate lock document is received. Exception cleared. Buyer Comment (2025-05-14): Initial Rate Lock |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | D | A | AR | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223362366 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Borrower is short sufficient verified funds to close and cover reserves. File is missing a final signed closing document for the sale of the departing residence and the business funds cannot be used as the borrower is not at least a [Redacted]% owner as required by guides. | Reviewer Comment (2025-05-21): Received final closing statement. Condition cleared. Reviewer Comment (2025-05-21): Evidence of deposit for the amount $[Redacted] from Title company is required or a signed statement from the other business owners must be provided outlining the amount of funds that the Applicant may use for the transaction from the business account "[Redacted]" as borrower is not [Redacted]% owner of the business. Exception remains. Buyer Comment (2025-05-19): LOX Reviewer Comment (2025-05-14): Exception Remains - Required CPA letter or Cash Flow analysis for business "[Redacted]" stating use of business funds will not have a negative impact to the business, Received closing statement for pending sale REO associated and data updated as per document. Buyer Comment (2025-05-13): Signed FSS |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223362366 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Borrower is short sufficient verified funds to close and cover reserves. File is missing a final signed closing document for the sale of the departing residence and the business funds cannot be used as the borrower is not at least a [Redacted]% owner as required by guides. | Reviewer Comment (2025-05-21): Received final closing statement. Condition cleared. Reviewer Comment (2025-05-14): Exception Remains - Required CPA letter or Cash Flow analysis for business "[Redacted]" stating use of business funds will not have a negative impact to the business, Received closing statement for pending sale REO associated and data updated as per document. Buyer Comment (2025-05-13): Signed FSS |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223362366 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Borrower is short sufficient verified funds to close and cover reserves. File is missing a final signed closing document for the sale of the departing residence and the business funds cannot be used as the borrower is not at least a [Redacted]% owner as required by guides. | Reviewer Comment (2025-05-21): Received final closing statement. Condition cleared. Reviewer Comment (2025-05-21): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Documented qualifying Assets for Closing of $[Redacted] is less than Cash From Borrower $[Redacted]. Reviewer Comment (2025-05-14): Exception Remains - Required CPA letter or Cash Flow analysis for business "[Redacted]" stating use of business funds will not have a negative impact to the business, Received closing statement for pending sale REO associated and data updated as per document. Buyer Comment (2025-05-13): Signed FSS |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223362366 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | File is missing a final signed closing document to evidence proceeds received from sale of the departing residence. | Reviewer Comment (2025-05-21): Received final closing statement. Condition cleared. Reviewer Comment (2025-05-14): Exception Remains - Required CPA letter or Cash Flow analysis for business "[Redacted]" stating use of business funds will not have a negative impact to the business, Received closing statement for pending sale REO associated and data updated as per document. Buyer Comment (2025-05-13): Signed FSS |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223362366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] finding due to shortage of funds to close and meet the required reserves, resulting in a loan designation discrepancy. | Reviewer Comment (2025-05-21): Received final closing statement. Condition cleared. Reviewer Comment (2025-05-14): Exception Remains - Required CPA letter or Cash Flow analysis for business "[Redacted]" stating use of business funds will not have a negative impact to the business, Received closing statement for pending sale REO associated and data updated as per document. Buyer Comment (2025-05-13): Signed FSS |
05/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223362366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] finding due to shortage of funds to close and meet the required reserves. | Reviewer Comment (2025-05-21): Received final closing statement. Condition cleared. Reviewer Comment (2025-05-14): Exception Remains - Required CPA letter or Cash Flow analysis for business "[Redacted]" stating use of business funds will not have a negative impact to the business, Received closing statement for pending sale REO associated and data updated as per document. Buyer Comment (2025-05-13): Signed FSS |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223362366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] finding due to shortage of funds to close and meet the required reserves. | Reviewer Comment (2025-05-21): Received final closing statement. Condition cleared. Reviewer Comment (2025-05-14): Exception Remains - Required CPA letter or Cash Flow analysis for business "[Redacted]" stating use of business funds will not have a negative impact to the business, Received closing statement for pending sale REO associated and data updated as per document. Buyer Comment (2025-05-13): Signed FSS |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223362367 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Missing a Rate Lock Agreement signed by Borrower. | Reviewer Comment (2025-05-14): Rate Lock document received, exception cleared. Buyer Comment (2025-05-12): Rates |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223362432 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-05-14): Final title policy provided with policy amount covering loan value. Exception Cleared. |
05/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223362432 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested for [Redacted]% LTV. Currently maxed out at [Redacted]% due to borrowers credit score. Borrower has been self employed for over [Redacted] years and lived in primary residence for over [Redacted] years. Credit score is [Redacted]mostly due to recent consumer debt lates. No mortgage lates, no collections. Borrower is using assets from sale of REO to fund purchase. Reserves are significantly over double that is required. [Redacted]ong residual income. Lender exception was approved with the following conditions: Maximum [Redacted]% LTV, Maximum DTI [Redacted], Reserve requirement to be met within Expanded UW guidelines< minimum [Redacted]-year [Redacted] | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Client elected to waive exceptions with compensating factors. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223362432 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-14): Final title policy provided with policy amount covering loan value. Exception Cleared. Buyer Comment (2025-05-13): uploaded updated title work |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223362443 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for [Redacted]LTV vs max of [Redacted]% based on borrower credit score of [Redacted]. Borrower has [Redacted] minor collection in past [Redacted] mos. No other lates in past [Redacted] mos, judgments, or BK. Approx [Redacted] mos reserves currently. Low DTI at [Redacted]%, significant amount of residual income, long term self employment since [Redacted]and minimal consumer debt. Lender exception was approved with conditions: Max [Redacted]% LTV, min [Redacted] months of reserves | The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Approved exception in file with comp factors noted. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Approved exception in file with comp factors cited |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223362443 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for [Redacted] living rent free with ltv above [Redacted]%. for Borrower has [Redacted] minor collection in past [Redacted] mos. No other lates in past [Redacted] mos, judgments, or BK. Approx [Redacted] mos reserves currently. Low DTI at [Redacted]%, significant amount of residual income, long term self employment since [Redacted]and minimal consumer debt. Lender exception was approved with conditions: Max [Redacted]% LTV, min [Redacted]months of reserves | The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Approved exception in file with comp factors noted. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Approved exception in file with comp factors cited |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223362450 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-05-19): Articles of Organization is received. Exception cleared. Buyer Comment (2025-05-16): Please see attached Reviewer Comment (2025-05-15): Operating agreement will not clear this. Require Articles of Organization/Formation. Exception remains. Buyer Comment (2025-05-14): The Operating Agreement ([Redacted]) are the articles of formation |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223362450 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request . requesting an exception for lack of [Redacted] month seasoning on c/o [Redacted]. Expanded [Redacted]- c/o [Redacted]. Borrower meets credit requirements. They own their primary residence and a few investment properties. Using c/o proceeds for reserves which is [Redacted] months of reserves.. Requesting an exception for lack of [Redacted] month seasoning. The property was quit claimed to [Redacted] [Redacted] [Redacted]. prior to that , the property was owned in wife's name only since [Redacted]. The wife cannot be on the loan, due to low credit score. The borrower and wife jointly own the [Redacted] subject is currently vested [Redacted]. Technically the borrower only has about [Redacted] month seasoning via the [Redacted]. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | SitusAMC | Reviewer Comment (2025-05-09): Preapproved exception |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223362492 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Property has been recently financed, Missing final CD or Mortgage statement to verify property expenses. | Reviewer Comment (2025-05-13): Exception Cleared, received Final Closing Disclosure for REO Property [Redacted]. Buyer Comment (2025-05-12): Final CD |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223362492 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | No documentation in file to evidence the updated appraisal report was provided to the borrower at least [Redacted] business days prior to closing. | Reviewer Comment (2025-05-14): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-13): Please apply mailbox rule. Reviewer Comment (2025-05-13): Exception remains, missing acknowledgement evidence that borrower was received copy of Appraisal within [Redacted] business days prior to Closing. Provided Appraisal notice contains only Appraisal delivery. Buyer Comment (2025-05-12): Delivered to bwr email on [Redacted] |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223362492 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception to waive documented [Redacted]previous years employment in the same line of work, with no gap before commencing self-employment. Borrower does not have documented verification of previous [Redacted]yrs of employment in the same lien of work however currently has [Redacted] months total as of [Redacted]. Borrower [Redacted] formed [Redacted], previously employed with a company trust & will for [Redacted] months. Personal assets for reserves in the amount of $[Redacted]([Redacted] months for the purchase). Has owned primary residence for [Redacted] years. Not using rental income on subject to qualify. Lender exception was approved with conditions: [Redacted]% LTV Max, [Redacted]DTI MAX | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrower has verified disposable income of at least $[Redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Exception approval in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Exception approval in file with comp factors cited. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification is missing. | Reviewer Comment (2025-05-20): Verification of Identification document received and verified. Exception cleared Buyer Comment (2025-05-19): see attached |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | [Redacted] A/C #[Redacted]is only documented for a little over [Redacted] month, [Redacted]days bank statement is required for a [Redacted] transaction. | Reviewer Comment (2025-05-15): Received additional one month bank statement for acct #[Redacted], Exception cleared. Buyer Comment (2025-05-14): Please see attached |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Tax Certificate and Hazard Insurance are missing for departure residence - [Redacted] [Redacted]. | Reviewer Comment (2025-05-14): Hazard and Tax evidence received for departure address, exception cleared. Buyer Comment (2025-05-13): See attached, property taxes are located at the bottom of the property profile. They are in the amount of $[Redacted] Reviewer Comment (2025-05-13): Exception Remains - Received Hazard Insurance document and updated clarity. Tax Certificate is still missing in file. Buyer Comment (2025-05-12): Please see attached |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax Certificate and Hazard Insurance are missing for departure residence - [Redacted] [Redacted]. | Reviewer Comment (2025-05-14): Hazard and Tax evidence received for departure address, exception cleared. Reviewer Comment (2025-05-13): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Insurance Verification, Tax Verification |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | [Redacted] [Redacted] [Redacted] is missing evidence of receipt, provided blend verification does not show the date completed. | Reviewer Comment (2025-05-15): Client elects to waive. Reviewer Comment (2025-05-13): Received evidence of borrower's receipt of the CDA however not [Redacted] business days prior to closing. This is an EV2 exception for informational purposes only and may be waived at lenders discretion. Buyer Comment (2025-05-12): Please see attached-uploaded [Redacted] days ago |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] due to REO documents missing and bank statement not seasoned for [Redacted] days. | Reviewer Comment (2025-05-15): Received additional one month bank statement for acct #[Redacted], Exception cleared. |
05/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | SC | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] due to REO documents missing and bank statement not seasoned for [Redacted] days. | Reviewer Comment (2025-05-15): Received additional one month bank statement for acct #[Redacted], Exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] due to REO documents missing and bank statement not seasoned for [Redacted] days. | Reviewer Comment (2025-05-15): Received additional one month bank statement for acct #[Redacted], Exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223362493 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | [Redacted]A/C #[Redacted]is only documented for a little over [Redacted] month, [Redacted]days bank statement is required for a [Redacted] transaction. | Reviewer Comment (2025-05-15): Received additional one month bank statement for acct #[Redacted], Exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223363095 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-13): E-sign evidence received, exception cleared. Buyer Comment (2025-05-12): econsent accept upld |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223363095 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted]% tolerance was exceeded by $[Redacted]due to Recording Fee. No valid [Redacted] provided, Specific credit of $[Redacted]has been provided as cure at closing. | Reviewer Comment (2025-05-08): Sufficient Cure Provided At Closing |
05/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223363096 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Articles of Organization is missing for borrowing business entity. | Reviewer Comment (2025-05-19): Articles of Organization / Certificate of Formation received and associated .Exception cleared Buyer Comment (2025-05-16): uploaded cert of formation Reviewer Comment (2025-05-13): Articles of Organization is required exception remains. Buyer Comment (2025-05-12): uploaded agreement |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223363096 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Operating Agreement is missing for borrowing business entity. | Reviewer Comment (2025-05-13): Operating Agreement provided exception cleared. Buyer Comment (2025-05-12): uploaded agreement |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223363096 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Unanimous Consent & Resolution to Borrow is missing for borrowing business entity. | Reviewer Comment (2025-05-13): Unanimous Consent & Resolution to Borrow provided exception cleared. Buyer Comment (2025-05-12): uploaded resolution to borrower |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223363096 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | EIN / Form SS-[Redacted] is missing for borrowing business entity. | Reviewer Comment (2025-05-13): Employer Identification Number provided exception cleared. Buyer Comment (2025-05-12): uploaded ss-4 |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223363096 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Certificate of Good Standing is missing for borrowing business entity. | Reviewer Comment (2025-05-13): Certificate of Good Standing provided exception cleared. Buyer Comment (2025-05-12): UPLOADED GOOD STANDING |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223363096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Preliminary Appraisal report dated [Redacted] is missing evidence of receipt. | Reviewer Comment (2025-05-13): Received required documentation. Condition cleared. Buyer Comment (2025-05-12): appraisal delivery |
05/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223363485 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Preliminary in file | Reviewer Comment (2025-05-20): Title supplemental received. Buyer Comment (2025-05-19): Supplemental Report |
05/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223363485 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-15): Appraisal delivery confirmation document received, Exception Cleared. Buyer Comment (2025-05-14): Delivery Receipt |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223363485 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Reimbursement Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reimbursement Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. The file did not contain a valid Change of Circumstance for the added fee and there was no evidence of a tolerance cure. | Reviewer Comment (2025-05-19): [Redacted] received corrected PCCD and LOE Buyer Comment (2025-05-15): . Buyer Comment (2025-05-15): PCCD Pkg |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223363490 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | File is missing verification of rent for the co-borrower. | Reviewer Comment (2025-05-14): Verification of Rent supporting document provided - Exception Cleared. Buyer Comment (2025-05-13): VOR for Co-Borrower |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223363490 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Missing Signature on Affiliated Business Arrangement Disclosure | RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | Reviewer Comment (2025-05-15): Signed Affiliated Business Arrangement Disclosure received, exception cleared. Buyer Comment (2025-05-13): Signed disclosure |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223363494 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Reviewer Comment (2025-05-22): Exception Cleared, received Verification of Rent (VOR). Buyer Comment (2025-05-21): VOR |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-05-15): Lease agreement received & associated. Exception cleared. |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to Transfer Tax increase. No valid COC provided, Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-20): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception." Buyer Comment (2025-05-19): Condition |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request: Requesting a [Redacted]Only loan with the main source of income less than [Redacted]% of the qualifying income. Our borrower is requesting to purchase a [Redacted] residence utilizing [Redacted]Only to qualify with the main source of income less than [Redacted]% of the [Redacted]qualifying income. Section [Redacted] the borrower's [Redacted] income source (>[Redacted]% of qualifying income) must be income as calculated on [Redacted]. *** Comments from the LO: Looking for an exception to use [Redacted][Redacted]which equates to $[Redacted]annually after [Redacted]% expense factor. Borrower also receives rental income from [Redacted]rental properties and social security survivor [Redacted] benefits from her deceased husband. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-09): Client elected to waive exceptions with compensating factors. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | REO documents are missing. | Reviewer Comment (2025-05-15): Lease agreement received & associated. Exception cleared. Buyer Comment (2025-05-14): Lease Agreement |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | REO documents are met. | Reviewer Comment (2025-05-15): Lease agreement received & associated. Exception cleared. Buyer Comment (2025-05-14): Lease agreement |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | REO properties are not required. | Reviewer Comment (2025-05-15): Lease agreement received & associated. Exception cleared. Buyer Comment (2025-05-14): Lease agreement |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to missing lease agreement for the following REO; [Redacted] | Reviewer Comment (2025-05-15): Lease agreement received & associated. Exception cleared. Buyer Comment (2025-05-14): Lease agreement |
05/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [Redacted]% Method | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify Real Estate Owned income ([Redacted]% Method) using reasonably reliable [Redacted]-party records. | Loan designation failure due to missing lease agreement for the following REO; [Redacted] | Reviewer Comment (2025-05-15): Lease agreement received & associated. Exception cleared. Buyer Comment (2025-05-14): Lease agreement |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TILA | ARM Disclosure Timing Test | TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within [Redacted] ([Redacted]) days of application. | Evidence of borrower receipt was not found in file. | Reviewer Comment (2025-05-15): Loan product changed to ARM updated correctly. Exception cleared. Buyer Comment (2025-05-14): ARM disclosures |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | No Defined Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing lease agreement. | Reviewer Comment (2025-05-15): Lease agreement received & associated. Exception cleared. Buyer Comment (2025-05-14): Lease agreement |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223363495 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2025-05-20): Sufficient Cure Provided At Closing |
05/20/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223363511 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-05-21): Received OFAC search for borrowing business entity. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-20): OFAC |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223363514 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower requested exception for: The Exception is for the property being an assisted living facility. The borrower owns the assisted living facility that is operating in this mixed-use property and has been renting it from his uncle for [Redacted] years since he has opened his business. He does own a [Redacted] home in [Redacted] [Redacted] so he is not a FTHB. His Uncle will be proving him with a Gift of Equity for down payment, and he has [Redacted]% of his own contribution of funds Exception #[Redacted] - [Redacted] [Redacted] 1) Ma[Redacted]X % LTV Subject to property review - if too unique may reduce LTV 2) Appraiser to comment that there have been no modifications, for use as an assited living facility, that will adversely affect marketability of the subject property as a residential property 3) No rental income may not be used from subject property to quality 4) Sample care agreement evidencing that no medical care is being provided in the subject property (Blank agreement) 5) Higher rents from Sr living facility will not be used. 6) All other voltage guideline Requirements to be met. Exception has-been approved with compensating factor: FICO [Redacted] points or More Above Requirement Total debt [Redacted]% or more Under Requirement Residual Income [Redacted]$K or more. Long Term Employment (>[Redacted] years) Long Term Home Ownership (>[Redacted] years) Minimal Consumer Deb. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted] The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-08): Client elected to waive exceptions with compensating factors. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223363514 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-19): Received required documentation. Condition cleared. Buyer Comment (2025-05-19): title email confirm of final policy amount |
05/19/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223363549 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided prior to [Redacted] ([Redacted]) business days of closing. | Reviewer Comment (2025-05-14): Exception Cleared; Proof of Preliminary Appraisal delivery document is received. Buyer Comment (2025-05-13): Del Conf |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | DE | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223364092 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception to waive documented [Redacted] previous years employment in the same line of work, with no gap before commencing self-employment. Borrower currently has [Redacted] months total as of [Redacted]. Borrower [Redacted] form [Redacted], previously employed with a company trust & [Redacted] for [Redacted] months. Personal assets for reserves in the amount of $[Redacted] ([Redacted] months). Has owned [Redacted] residence for [Redacted] years. Subject since[Redacted] and using [Redacted] as current value [Redacted]vs appraisal value of $[Redacted], not using rental income on subject to qualify. The exception was approved with Conditions: [Redacted]% LTV max.,[Redacted]% DTI max., UW to have an acceptable LOE from borrower signed and dated explaining borrower's work history from [Redacted]to present and to have encompass updated to match. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. |
SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Preapproved exception |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||
| 223364095 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-15): E-sign Consent Agreement received, exception cleared. Buyer Comment (2025-05-14): E-Sign Consent Agreement |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364098 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception is needed due to section[Redacted]rural investment property exception requested for the eligibility of subject property. the subject is a legally zoned [Redacted] BD/[Redacted] Ba SFR located in a rural area with <[Redacted] acre, public water, and septic sewer currently a CDA is not required. Compensating factors Loan to Value [Redacted]% or more under requirement, FICO [Redacted] Points or more above Requirement, Long Term Homeownership (>[Redacted] Years). exception condition are, Maximum [Redacted]% LTV, Minimum [Redacted][Redacted], reserve requirements to be met as within expanded UW guidelines, Provided satisfactory supporting that the property is marketed and available to rent minimum [Redacted] year [Redacted], subject to meeting all signature expanded guideline requirement. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | FICO is[Redacted] vs the minimum of [Redacted] max LTV is [Redacted]% and LTV is [Redacted]% Home owner for [Redacted] years |
Originator Pre-Close,SitusAMC | Reviewer Comment (2025-05-09): Client elects to down grade and waive using compensating factors FICO is [Redacted] vs the minimum of [Redacted] max LTV is [Redacted]% and LTV is [Redacted]% Home owner for [Redacted] years |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223364321 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Article of Organization is missing in the file. | Reviewer Comment (2025-05-16): Provided Articles of Organization of borrowing business entity. Exception cleared. Buyer Comment (2025-05-15): uploaded all llc docs |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364321 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in the file. | Reviewer Comment (2025-05-16): Received Certificate of Good Standing for borrowing business entity. Exception cleared. Buyer Comment (2025-05-15): see uploaded llc docs |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364321 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in the file. | Reviewer Comment (2025-05-21): Received Corporate Resolution. Exception Cleared. Buyer Comment (2025-05-20): uploaded Reviewer Comment (2025-05-16): Provided Unanimous consent & resolution with loan amount of $[Redacted]which is not matching with Note loan amount of $[Redacted]. Provide corporate resolution with correct loan amount and signed by all the borrowing members of business entity. Exception remains. Buyer Comment (2025-05-15): see uploaded llc docs |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364321 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in the file. | Reviewer Comment (2025-05-16): Provided Employer Identification Number. Exception cleared. Buyer Comment (2025-05-15): see uploaded llc docs |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364321 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in the file. | Reviewer Comment (2025-05-16): Received Operating agreement of borrowing business entity. Exception cleared. Buyer Comment (2025-05-15): see uploaded llc docs |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364340 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Branch would like an exception to exclude departing [Redacted] residence payment with only [Redacted]% equity. Borrowers are taking out new heloc with [Redacted] in the amount of $[Redacted] for funds to close bringing the total mortgages on current residence to $[Redacted]. Exterior Appraisal- provided with value of $[Redacted] making the total LTV [Redacted]%.-Property is not currently listed for sale. Current marketing time for the area is under [Redacted] months and the property values are the stable. [Redacted] has been on job for over [Redacted] years.-still pending sufficient fund for reserves. Appraisal for departing residence. uploaded. |
The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Exception approval in file with comp factors. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Exception approval in file with comp factors. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223364342 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception request for C[Redacted] EAD Category C, pending letter from Immigration attorney | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO:[Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-09): Client elected to waive exceptions with compensating factors. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223364342 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223364343 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-05-14): Final Title policy with coverage is received. Exception cleared. |
05/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | B | A | B | A | A | A | N/A | No | |||||||||||||||
| 223364343 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-14): Final Title policy with coverage is received. Exception cleared. Buyer Comment (2025-05-13): Title policy with coverage |
05/14/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | A | B | A | A | A | N/A | No | ||||||||||||||
| 223364346 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Verification of rent is missing in file for, [Redacted]. | Reviewer Comment (2025-05-19): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-05-15): Loan underwritten using [Redacted] per 1008, [Redacted] does not call for [Redacted] mo VOR. Please review and cancel cond. |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223364346 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated[Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Only confirmation of electronic receipt is dated[Redacted] and initial loan estimate is dated [Redacted]. | Reviewer Comment (2025-05-16): [Redacted] received e-consent dated [Redacted] Buyer Comment (2025-05-14): eConsent |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364363 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to increase of recording fee, Title -Electronic Document Delivery Fee. No valid COC provided, no evidence of cure in file. | Reviewer Comment (2025-05-21): [Redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2025-05-19): PCCD and cd lox check shipping |
05/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364363 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Miscellaneous Compliance | Compliance | TRID Error: Cash at settlement from or to borrower is blank. | - | Received closing disclosure with Issue date [Redacted]; in which Page [Redacted] is missing. | Reviewer Comment (2025-05-20): [Redacted] received complete CD. Buyer Comment (2025-05-19): PCCD and cd lox check shipping |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223364363 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Incomplete | TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over disclosures resulting from use of incomplete Closing Disclosure are valid and will need to be cured (if curable). | Received Incomplete closing disclosure with Issue date [Redacted]; in which Page [Redacted] is missing. | Reviewer Comment (2025-05-20): [Redacted] received complete CD. Buyer Comment (2025-05-19): PCCD and cd lox check shipping |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Second Home | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364364 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approval in file for allowing alternative tradelines. Exception approval submission document is missing so comp factors submitted for the review not available. Additionally, [Redacted] of the conditions of the approval was if property was to be managed by a property manager, which LOX in file indicates it will be, name and evidence of contract was required. This documentation was not found in file. Exception cannot be waived/downgraded until original submission form outlining comp factors and the property management information are received. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted] |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with comp factors. Buyer Comment (2025-05-20): Exception approval Reviewer Comment (2025-05-15): The issue is the exception request form is missing. We would need that document in the file. Buyer Comment (2025-05-14): There were comp factors indicated on the exception request/approval forms - additional comp factors are DTI >[Redacted] below, FICO >[Redacted] point above required, >[Redacted] months additional reserves, >[Redacted]months additional cash reserves |
05/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223364364 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approval in file for waiver of full rental history. Exception approval submission document is missing so comp factors submitted for the review not available. Additionally, [Redacted] of the conditions of the approval was if property was to be managed by a property manager, which LOX in file indicates it will be, name and evidence of contract was required. This documentation was not found in file. Exception cannot be waived/downgraded until original submission form outlining comp factors and the property management information are received. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted] |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with comp factors. Buyer Comment (2025-05-20): Exception approval Reviewer Comment (2025-05-15): The issue is the exception request form is missing. We would need that document in the file. Buyer Comment (2025-05-14): There were comp factors indicated on the exception request/approval forms - additional comp factors are DTI >[Redacted] below, FICO >[Redacted] point above required, >[Redacted] months additional reserves, >[Redacted]months additional cash reserves |
05/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223364366 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted]/Declarations: [Redacted]. [Redacted]. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes. Unable to determine qualification without this information. | - | Require confirmation from the borrower on declaration -D. [Redacted]. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes. | Reviewer Comment (2025-05-16): Borrower has applied for a mortgage loan on another property & closing disclosure also available. Exception cleared. Buyer Comment (2025-05-15): This was for the refinance of [Redacted], liability is included in VOL. See attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | ECOA Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [Redacted] days of the loan application date. | Appraisal delivery receipt is not provided. | Reviewer Comment (2025-05-16): Appraisal delivery receipt date updated correctly. Exception cleared. Buyer Comment (2025-05-15): Notice of Right to Receive Copy ( [Redacted]) is signed by the borrowers on [Redacted], which is within [Redacted] days of the application date of [Redacted]. Additionally, document [Redacted]shows this document was sent. What further do you need? |
05/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Appraisal delivery receipt is not provided. | Reviewer Comment (2025-05-16): Appraisal delivery receipt date updated correctly. Exception cleared. Buyer Comment (2025-05-15): Appraisal delivery receipt is located in your doc set [Redacted]. Sent [Redacted] and e-signed by borrowers [Redacted]. What more do you need? |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TIL HPML Appraisal Disclosure - HPML Timing | HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [Redacted] days of the loan application date. | Right to receive a copy of the Appraisal Disclosure not received within [Redacted] days of the loan application date. | Reviewer Comment (2025-05-16): Application date updated correctly. Exception cleared. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [Redacted] ([Redacted]) business days of application. | Affiliated Business Arrangement Disclosure not provided within [Redacted] ([Redacted]) business days of application. | Reviewer Comment (2025-05-16): Application date updated correctly. Exception cleared. Buyer Comment (2025-05-15): This document is located in your docs ( [Redacted]) and is dated [Redacted]which is within [Redacted] days of the application date of [Redacted] |
05/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank [Redacted]): List of Homeownership Counseling Organizations not provided to applicant within [Redacted] ([Redacted]) business days of application. | List of Homeownership Counseling Organizations not provided to applicant within [Redacted] ([Redacted]) business days of application. | Reviewer Comment (2025-05-16): Application date updated correctly. Exception cleared. Buyer Comment (2025-05-15): This document is located in your docs ( [Redacted]) and is signed by the borrowers on [Redacted] which is within [Redacted] days of application date of [Redacted] |
05/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364366 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [Redacted] ([Redacted]) business days of application. | Initial loan estimate not delivered within [Redacted] ([Redacted]) business days of application. | Reviewer Comment (2025-05-16): Application date updated correctly. Exception cleared. Buyer Comment (2025-05-15): This document is located in your docs ( [Redacted]) and is signed by the borrowers on [Redacted] which is within [Redacted]days of the application date of [Redacted]. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364373 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to Increase of Pest Inspection Fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-05-19): [Redacted] Received Corrected PCCD and LOE moving fee to section H. Buyer Comment (2025-05-16): lox, pccd & email |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223364374 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-05-21): Received Business Purpose Certificate. Exception cleared. Buyer Comment (2025-05-20): cert upld |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223364386 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-22): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-21): pccd docs upld |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | KY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364386 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Re-Inspection Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-22): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-21): pccd docs upld to trl docs |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | KY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364395 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within [Redacted] days of the Note Date. | The HOI expires on [Redacted] and note date is [Redacted]. | Reviewer Comment (2025-05-22): Received updated policy in the file. Exception Cleared. Buyer Comment (2025-05-21): uploaded next policy period |
05/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NM | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364395 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing for the borrowing entity | Reviewer Comment (2025-05-20): Received OFAC for the borrowing entity. Exception Cleared. Buyer Comment (2025-05-16): uploaded ofac report |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NM | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364397 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing for borrowing entity. | Reviewer Comment (2025-05-15): Received Articles of Organization/Formation. Exception cleared. Buyer Comment (2025-05-14): Please see attached |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364397 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-28): Received Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-05-27): attached Reviewer Comment (2025-05-22): Property address mentioned provided Business purpose certificate is: [Redacted]. Business purpose certificate is required for: [Redacted]. Exception remains. Buyer Comment (2025-05-21): see attached |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364397 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing for borrowing entity. | Reviewer Comment (2025-05-15): Certificate of Good Standing is received. Exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364397 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution signed by all member is required. | Reviewer Comment (2025-05-28): Received Corporate Resolution in the file. Exception Cleared. Buyer Comment (2025-05-27): attached Reviewer Comment (2025-05-19): Corporate Resolution is not provided in the file. Exception Remains. Buyer Comment (2025-05-15): see attached |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364397 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing for borrowing entity. | Reviewer Comment (2025-05-16): Operating Agreement Provided , Exception cleared Buyer Comment (2025-05-15): see attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364399 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization is missing for business entity. | Reviewer Comment (2025-05-15): Provided Articles of Organization of borrowing business entity. Exception cleared. Buyer Comment (2025-05-14): all llc docs upld |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223364399 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing for business entity. | Reviewer Comment (2025-05-15): Received Certificate of Good Standing for borrowing business entity. Exception cleared. Buyer Comment (2025-05-14): all llc docs upld to trl docs. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223364399 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing for business entity. | Reviewer Comment (2025-05-15): Received Corporate Resolution signed by all the members of borrowing business entity. Exception cleared. Buyer Comment (2025-05-14): all llc docs upld to trl docs. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223364399 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing for business entity. | Reviewer Comment (2025-05-15): Received Operating agreement of borrowing business entity. Exception cleared. Buyer Comment (2025-05-14): all llc docs upld to trl docs. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223364399 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Collateral. Non-warrantable condotel due to investor concentration. [Redacted] project is a condotel with LTV over [Redacted]% and excessive investor concentration. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Preapproved exception |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223364418 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-05-14): OFAC search for borrowing business entity is received. Exception cleared. Buyer Comment (2025-05-13): OFAC |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223364418 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested for bankruptcy. Borrower is requesting to [Redacted] an [Redacted] property utilizing [Redacted] to qualify at an [Redacted]% LTV with a Chapter [Redacted]bankruptcy discharged [Redacted]years ago ([Redacted] [Redacted]). Section[Redacted] caps the LTV at [Redacted]% when [Redacted] to [Redacted] years removed from the credit event. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with compensating factors. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223364449 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee disclosed as Total $[Redacted]on Loan Estimate dated [Redacted] but disclosed as Total $[Redacted]on Final Closing Disclosure. No valid Change of Circumstance in file for the increased fee and the tolerance cure provided at closing was not sufficient to cure all of the tolerance issues. | Reviewer Comment (2025-05-23): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): Cure Docs |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364449 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Title - Processing Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Processing Fee disclosed as $[Redacted]on Loan Estimate dated [Redacted] but disclosed as $[Redacted]on Final Closing Disclosure. No valid Change of Circumstance in file for the increased fee and the tolerance cure provided at closing was not sufficient to cure all of the tolerance issues. | Reviewer Comment (2025-05-23): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): See uploads |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364449 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Title - Service Charges. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Service Charges Fee disclosed as $[Redacted]on Loan Estimate dated [Redacted] but disclosed as $[Redacted]on Final Closing Disclosure. No valid Change of Circumstance in file for the increased fee and the tolerance cure provided at closing was not sufficient to cure all of the tolerance issues. | Reviewer Comment (2025-05-23): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): See upload |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364449 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Lender's Title Insurance Fee disclosed as $[Redacted]on Loan Estimate dated [Redacted] but disclosed as $[Redacted]on Final Closing Disclosure. No valid Change of Circumstance in file for the increased fee and the tolerance cure provided at closing was not sufficient to cure all of the tolerance issues. | Reviewer Comment (2025-05-23): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-22): See upload |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364450 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-05-14): Articles of Organization/Formation is received. Exception cleared. Buyer Comment (2025-05-13): Business docs |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364450 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file. | Reviewer Comment (2025-05-16): Received Certificate of Good Standing. Exception Cleared. Buyer Comment (2025-05-15): cert Reviewer Comment (2025-05-15): Provided Certificate of Good Standing reflect entity name [Redacted]. Require Certificate of Good Standing for [Redacted]. Exception Remains. Buyer Comment (2025-05-14): Cert good standing Reviewer Comment (2025-05-14): Certificate of Good Standin not provided. Exception remains. Buyer Comment (2025-05-13): Cert of good standing |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364450 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in file. | Reviewer Comment (2025-05-15): Received Corporate Resolution. Exception Cleared. Buyer Comment (2025-05-14): Consent and corp. res. Reviewer Comment (2025-05-14): Corporate Resolution not provided. Exception remains. Buyer Comment (2025-05-13): Corp resu |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364450 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in file. | Reviewer Comment (2025-05-14): Employer Identification Number is received. Exception cleared. Buyer Comment (2025-05-13): number |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364450 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-05-14): Operating agreement is received. Exception cleared. Buyer Comment (2025-05-13): Operating agreement |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364452 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock Agreement missing in loan file. | Reviewer Comment (2025-05-15): [Redacted] Rate lock received. Exception Cleared. Buyer Comment (2025-05-13): uploaded rate lock |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223364454 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | No valid Change of circumstance provided, nor evidence of cure in file. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | ID | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223364454 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | No valid Change of circumstance provided, nor evidence of cure in file. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | ID | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223364458 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease Agreement is missing in file for REO property at [Redacted][Redacted] [Redacted][Redacted]. | Reviewer Comment (2025-05-15): [Redacted]-month income statement received. Exception Cleared. Buyer Comment (2025-05-14): [Redacted] property , no lease . See attached |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223364458 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease Agreement is missing in file for REO property at [Redacted][Redacted] . | Reviewer Comment (2025-05-15): [Redacted]-month income statement received. Exception Cleared. Buyer Comment (2025-05-14): [Redacted], no lease, see attached |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223364490 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted],[Redacted][Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Transfer tax increased from $[Redacted]to $[Redacted],[Redacted][Redacted]without any valid changed circumstances, no cure was provided | Reviewer Comment (2025-05-22): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-21): [Redacted] with cure check |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223364490 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception to use a credit supplement with no lease or cancelled checks from a private landlord. The exception was approved-[Redacted]exception Conditions:[Redacted]% LTV max. [Redacted]% DTI max. Subject to meeting all other signature expanded guideline requirements.The lender exception request form with compensating factors is missing. | Borrower has verified disposable income of at least $[Redacted]. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Exception approved with comp factors. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Exception approved with comp factors. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223364533 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for borrower meets credit requirements. They ow their primary residence and a few investment properties. Using C/o proceeds for reserves which is [Redacted] months of reserves. Requesting an exception for lack of [Redacted] months seasoning. The property was quit claimed to LLC [Redacted][Redacted]. Prior to that, the property was owned in wife's name only since [Redacted]. The wife cannot be on the loan, due to low credit score. The borrower and wife jointly own the LLC subject is currently vested in [Redacted]. Technically the borrower only has about [Redacted] months seasoning via the [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-12): Client elected to waive exceptions with compensating factors. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223364533 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Loan Amount. Lender requested an exception which was approved for borrower meets credit requirements. They ow their [Redacted] residence and a few [Redacted] properties. Using C/o proceeds for reserves which is [Redacted] months of reserves. Requesting an exception for lack of [Redacted] months seasoning. The property was quit claimed to [Redacted][Redacted][Redacted]. Prior to that, the property was owned in wife's name only since [Redacted]. The wife cannot be on the loan, due to low credit score. The borrower and wife jointly own the [Redacted]subject is currently vested in[Redacted]. Technically the borrower only has about [Redacted]months seasoning via the [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-05-12): Client elected to waive exceptions with compensating factors. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223364536 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted]) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted]) business days prior to closing. | Reviewer Comment (2025-05-19): [Redacted] received CD dated [Redacted] Buyer Comment (2025-05-15): Please disregard previous CD. Please see attached CD dated [Redacted], the CD sent on [Redacted] has a lower APR and does not require a new [Redacted] day wait. Buyer Comment (2025-05-15): See attached previous CD sent to borrowers well within timing requirements. Also, the CD sent [Redacted] was a lower APR and did not require a new [Redacted] day wait. |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223364542 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[Redacted]is less than the note amount of $[Redacted]based on the Commitment in file. | Reviewer Comment (2025-05-21): Received Title Commitment document with valid policy amount, information validated accordingly. Exception Cleared. Buyer Comment (2025-05-20): Commitment |
05/21/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223364545 | [Redacted] | [Redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The homeowner's insurance declarations page in the file verified an effective date of [Redacted] which is after the consummation date of [Redacted]. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2025-05-16): Exception cleared - Received updated Homeowner's insurance policy and update clarity. Buyer Comment (2025-05-15): Please see attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223364545 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided but no valid COC provided. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223364914 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-05-15): Articles of Organization document provided , Exception cleared Buyer Comment (2025-05-14): Articles of Organization |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364914 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file. | Reviewer Comment (2025-05-16): Received Certificate of Good Standing in the file. Exception Cleared. Buyer Comment (2025-05-14): Certificate of Good Standing |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364914 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in file. | Reviewer Comment (2025-05-15): EIN document provided , Exception cleared Buyer Comment (2025-05-14): EIN |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364914 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-05-15): Operating agreement Provided Exception cleared Buyer Comment (2025-05-14): Operating Agreement |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364914 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Currency Converter/Exchange (Asset) not provided | Currency Converter/Exchange (Asset) is missing in file. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Buyer Comment (2025-05-22): See uploads Reviewer Comment (2025-05-15): page no [Redacted] dose not show bank name or account no Exception remains Buyer Comment (2025-05-14): See Pg [Redacted] |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223364914 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Currency Converter/Exchange (Asset) not provided | Currency Converter/Exchange (Asset) is missing in file. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Buyer Comment (2025-05-21): currency conversion Reviewer Comment (2025-05-21): The currency conversion documentation is missing for the [Redacted]Bank accounts. Buyer Comment (2025-05-19): What account are you looking for there are several. Do you not have any of them? Reviewer Comment (2025-05-15): page no [Redacted] dose not show bank name or account no Exception remains Buyer Comment (2025-05-14): See Pg [Redacted] |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223365175 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The title commitment report in file disclosed $[Redacted]of title insurance coverage; however this is less than the loan amount of $[Redacted]. Require a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-15): Received updated Title Commitment in the file. Exception Cleared. Buyer Comment (2025-05-14): Updated commitment |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223365175 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-22): Received Non-QM Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-05-21): Business Purpose Cert |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223365175 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender Exception approval for [Redacted] must have occupancy rate on the [Redacted] report > [Redacted]% and we are at [Redacted]% with low confidence. Requirements for approval - LTV of [Redacted]% > guidelines of [Redacted]%, with a minimum [Redacted] [Redacted] and [Redacted] months reserves. Unable to downgrade and waive due to insufficient comp factors provided by lender. The only comp factor available to [Redacted] is reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-19): Client elects to waive with compensating factors. Buyer Comment (2025-05-15): Please review addtl compensating factors: 1) fico is [Redacted] pts above requirement. No lates or derogs.. 2) Reserves [Redacted]+ months. 3)REO management history since [Redacted]. 4)Brw has mtg history since [Redacted] |
05/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Reviewer Comment (2025-05-16): This is a new account & the proof of deposit is available. Exception cleared. Buyer Comment (2025-05-15): [Redacted] is a new account and the death benefit check of $[Redacted] was deposited and they withdrew $[Redacted] so the balance is $[Redacted] Buyer Comment (2025-05-15): [Redacted] is a new account and the death benefit check of $[Redacted] was deposited and they withdrew $[Redacted]so the balance is $[Redacted] |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bankruptcy Documents not provided | Reviewer Comment (2025-05-16): Bankruptcy Documents not required. Exception cleared Buyer Comment (2025-05-15): it was more than [Redacted] years since the BK and it was a Chpt [Redacted] . It was over [Redacted] years prior to the application date. Not needed |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date. Exception cleared. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL HPML Appraisal Not Obtained Prior to Closing Test | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Appraisal not obtained prior to consummation. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date. Exception cleared. Buyer Comment (2025-05-19): Corrected recorded copy Reviewer Comment (2025-05-15): Exception is due to the incorrect notary date in the Security Instrument document. Notary date is printed as [Redacted] and closing date is [Redacted]. Provide corrected Security Instrument document. Condition remains. Buyer Comment (2025-05-14): Appraisal sent received |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date. Exception cleared. Buyer Comment (2025-05-19): Corrected recorded copy Reviewer Comment (2025-05-15): Exception is due to the incorrect notary date in the Security Instrument document. Notary date is printed as [Redacted] and closing date is [Redacted]. Provide corrected Security Instrument document. Condition remains. Buyer Comment (2025-05-14): Appraisal sent received |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Status Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided or Closing Disclosure not provided prior to closing. Any applicable Federal, State or Local compliance testing is unreliable or not performed. Loan is subject to high cost testing. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date. Exception cleared. Buyer Comment (2025-05-19): Corrected recorded copy Reviewer Comment (2025-05-15): Security instrument was notarized on [Redacted], and signed on [Redacted]. Buyer Comment (2025-05-14): ICD |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current employment status using reasonably reliable [Redacted]-party records. | Bank statements and articles of incorporations provided. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date and third party verification of employment is already provided in file. Exception cleared. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current employment status using reasonably reliable [Redacted]-party records. | Bank statements and articles of incorporations provided. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date and third party verification of employment is already provided in file. Exception cleared. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current employment status using reasonably reliable [Redacted]-party records. | Bank statements and articles of incorporations provided. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date and third party verification of employment is already provided in file. Exception cleared. Buyer Comment (2025-05-19): SOS |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify assets using reasonably reliable [Redacted]-party records. | Bank statements and articles of incorporations provided. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date and third party verification of employment is already provided in file. Exception cleared. Buyer Comment (2025-05-19): SOS |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify assets using reasonably reliable [Redacted]-party records. | Bank statements and articles of incorporations provided. | Reviewer Comment (2025-05-16): Seller Closing disclosure & explanation letter associated. Exception cleared. Buyer Comment (2025-05-15): we have documented the proceeds for the sale of the previous home. Funds held in escrow |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | Bank statements and articles of incorporations provided. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date and third party verification of employment is already provided in file. Exception cleared. |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AR | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [Redacted] ([Redacted]) business days prior to closing. | Need initial loan estimate. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date. Exception cleared. Buyer Comment (2025-05-19): Corrected recorded copy Reviewer Comment (2025-05-15): Security instrument was notarized on [Redacted], and signed on [Redacted] Buyer Comment (2025-05-14): ILE |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223365483 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Accurate. | Reviewer Comment (2025-05-20): Received Security Instrument with corrected notary date and third party verification of employment is already provided in file. Exception cleared. |
05/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | AR | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223366176 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | [Redacted] [Redacted] Subprime Loan: Mortgage does not contain a [Redacted] stating that the subprime loan is subject to Section [Redacted]-m of the Banking Law. | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223366176 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] Subprime Home Loan Threshold Fixed Non-Compliant | [Redacted] Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]+ [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223366176 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | [Redacted] Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on [Redacted]st lien, subprime loan. | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223366176 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure provided to the borrower. | Reviewer Comment (2025-05-16): [Redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-14): Please see attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223366176 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-16): Sufficient Cure Provided At Closing |
05/16/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223366184 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid change of circumstance for this fee, Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223366580 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Fraud Report and Judgements and Liens report are missing. | Reviewer Comment (2025-05-14): Judgment and Lien Report received and associated. Exception Cleared. Buyer Comment (2025-05-13): See attached |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223366974 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-05-19): Received Articles of Organization. Exception Cleared. Buyer Comment (2025-05-16): uploaded formation Reviewer Comment (2025-05-16): Received Operating Agreement. Require Articles of Organization/Formation for borrowing business entity. Exception Remains. Buyer Comment (2025-05-15): uploaded operating agreement |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223366974 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing. | Reviewer Comment (2025-05-19): Received Certificate of good standing document. Exception cleared. Buyer Comment (2025-05-16): the [Redacted] for the master [Redacted], it should cover the Series Reviewer Comment (2025-05-15): Provided good standing is for [Redacted] however we require good standing for [Redacted], Series [Redacted] from state of [Redacted]. Exception remains. Buyer Comment (2025-05-14): uploaded cogs |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223366974 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Income Statement ([Redacted], [Redacted], etc.) not provided | Lender exception was approved at origination for waiver of landlord history on cash out refinance with no landlord history. Property is a new build just completed with no rental history. Property is a short-term rental with market rents of $[Redacted]. Do not have [Redacted] months History of rents. Borrower owns current [Redacted] residence. Letter provided regarding landlord history and owning a short-term rental [Redacted]. [Redacted] shoes more cash out however have not gotten anything on the lien showing on title taken out in [Redacted] for $[Redacted]. Borrower has owned land since [Redacted]and recently finished building the property. [Redacted] off market rents is over [Redacted]%. Compensating factors are FICO of [Redacted]is [Redacted]points or more above requirement and [Redacted] [Redacted]or greater. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Preapproved exception |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223366974 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Website Listing not provided | Provide proof that property is listed on Short-term rental site. | Reviewer Comment (2025-05-19): Received Vacation Rental Income Statement [Redacted]. Exception Cleared. Buyer Comment (2025-05-16): uploaded |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223366977 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Evidence the borrower was provided a copy of appraisal within [Redacted] business days prior to consummation is missing. | Reviewer Comment (2025-05-15): Appraisal delivery receipt received & associated. Exception cleared. Buyer Comment (2025-05-13): Appraisal sent |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223366996 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-05-19): Cleared. Received updated title policy. Buyer Comment (2025-05-15): please clarify what needs correction, the address on title appears to match the note. Reviewer Comment (2025-05-15): Provided title report have different address "[Redacted]" which do not match property address. Exception Remains. Buyer Comment (2025-05-14): revised title w/ insured amt upld |
05/19/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223366996 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Exception in file for [Redacted]M of rent verification with bank statements and no lease agreement but Approval of exception missing on file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-19): Client elects to waive with comp factors. Buyer Comment (2025-05-16): exception aprvl upld |
05/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223367044 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing for borrowing business entity. | Reviewer Comment (2025-05-13): Operating agreement provided , Exception cleared Buyer Comment (2025-05-12): Please see attached |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223367044 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Lender exception requested for cash out refinance owning less than [Redacted] months, Borrower is using purchase price rather than appraised value. Bought home for $[Redacted]in [Redacted][Redacted]. Work was done on the home to bring a value of $[Redacted]in just [Redacted] months. Borrower had owned his current home for [Redacted] years, [Redacted] year mortgage history and a [Redacted] year credit history with no late payments on anything. Asset $[Redacted]-cash out [Redacted]Months for reserves. Lender exception was approved with conditions: Maximum [Redacted]% LTV, minimum [Redacted] [Redacted], Reserve requirement to be met as within Expanded UW guidelines, Use the lesser of current leases or [Redacted]% of market rents, Document proof of receipt of [Redacted]st months rent and /or security deposit due per the terms of the lease, minimum [Redacted] -year [Redacted], with the title seasoning being less than [Redacted]months, use the lease of purchase price plus documented improvement or market value | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Preapproved exception |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223367045 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-14): E-sign Consent Agreement provided and associated. Exception cleared Buyer Comment (2025-05-13): eConsent |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223367045 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223367047 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | Yes | ||||||||||
| 223367047 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The file was missing all required documentation for the entity, [Redacted], who was on the Note and taking title. Documents include the Articles of Organization, the Operating agreement, Unanimous Consent and Resolution to Borrow which must include the lender name, loan amount and property address, and SS-[Redacted] form or equivalent list of the federal tax ID number for the entity and a Certificate of Good Standing from the applicable Secretary of State. | Reviewer Comment (2025-05-13): Cleared. Received documents for business entity. Buyer Comment (2025-05-13): [Redacted] Docs |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223367055 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-05-15): Received Non-QM Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2025-05-14): Business Purpose |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223367057 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | 0% tolerance was exceeded by $[Redacted]due to Appraisal Review Fee. No valid COC provided., Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-29): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-28): Cure Docs |
05/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223367077 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception for Non-warrantable condo due to investor concentration and insufficient insurance. Investor concentration is over [Redacted]% and our unit is an investment unit. [Redacted]/[Redacted] coverage is short per the budget HOA has $[Redacted]in coverage they should have at least $[Redacted]. The exception was approved-[Redacted] exception [Redacted] Conditions:[Redacted]% LTV max. [Redacted] hit per rate sheet. Subject to meeting all other signature expanded guideline requirements. |
Borrower has been employed in the same industry for more than[Redacted] years. Borrower has verified disposable income of at least $[Redacted] Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted] The representative FICO score exceeds the guideline minimum by at least[Redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Preapproved exception |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||
| 223367077 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Prepayment addendum to Note was not signed by borrower. | Reviewer Comment (2025-05-15): Received Note addendum - Prepayment, Exception cleared. Buyer Comment (2025-05-15): [Redacted] adden upld |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | Yes | |||||||||||
| 223367540 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception noted: [Redacted] [Redacted] on Expanded Full Doc. Borrower requesting exception for use of [Redacted] income with less than [Redacted]years receipt. Branch comments: "Our borrower receives a vested [Redacted] payout in [Redacted] on the [Redacted]th ([Redacted] months) which is only short after our expected closing on the [Redacted]nd, and then receives another in [Redacted], marking [Redacted]months of vested of vested [Redacted] payout per the [Redacted] schedule on file. This combined with the [Redacted] email indicating [Redacted] payout continues through [Redacted]at which time he will be once again evaluated for receipt of [Redacted]. Borrower has outstanding credit and significant reserves." Borrower [Redacted]FICO with established trades. After funds to close & required reserves, borrower has $[Redacted]liquid reserves, offering [Redacted] months reserves for all properties PITIA expenses. Rental income is received but not being used for qualification. DTI is low, [Redacted][Redacted][Redacted]. Employed with current employer since[Redacted] but has worked in medical profession for over [Redacted] years. Current [Redacted] residence is owned for over [Redacted]years. Borrower has residual income, with [Redacted] income, of $[Redacted]/month. |
Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least[Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Client elected to waive exceptions with compensating factors. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223367540 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-19): [Redacted] received attestation letter from the seller, and it was confirmed that the Survey fee service was required by the title and not selected the provider from the list. Buyer Comment (2025-05-15): TRID Memo |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223368015 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate Lock Date not provided | Reviewer Comment (2025-05-15): Initial rate lock document received & rate lock date updated. Exception cleared. Buyer Comment (2025-05-13): uploaded initial rate lock |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Second Home | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223368028 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification the appraisal dated [Redacted] was delivered to borrower within [Redacted] businessdays of closing was not provided. | Reviewer Comment (2025-05-15): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-13): Appraisal sent |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223368028 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-15): Proof of appraisal delivery received, exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223368028 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification the appraisal dated [Redacted] was delivered to borrower within [Redacted] businessdays of closing was not provided. | Reviewer Comment (2025-05-15): Proof of appraisal delivery received, exception cleared. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223368038 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. [Redacted] valuation is missing. Sec ID: [Redacted] | [Redacted] valuation will be required as Collateral Underwriter Score is above [Redacted] | Reviewer Comment (2025-05-21): Received CDA report. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-20): CDA |
05/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 223368038 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-05-14): OFAC search for borrowing business entity is received. Exception remains. Buyer Comment (2025-05-13): OFAC |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 223368038 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested as borrower is doing [Redacted] [Redacted] loans while guidelines only allow a max of [Redacted]. Borrower has closed [Redacted] and has [Redacted] more in the pipeline. property is owned free and clear. Significant reserves after closing from cash proceeds. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Preapproved exception |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||
| 223368072 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-14): E-sign Consent Agreement provided and associated. Exception cleared Buyer Comment (2025-05-13): E consent docs |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223368072 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception approval in file for eligibility of subject property. The subject is a legally zoned[Redacted] bd/[Redacted]ba PUD located in a suburban area with < [Redacted] acre, and public utilities. Per title, the property is subject to oil/gas leases: however , the appraiser has noted that this has no negative impact on marketability. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted] . |
Approved exception in file with comp factors noted | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Approved exception in file with comp factors noted |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223368579 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for non-warrantable [Redacted] due to insufficient insurance. The HOA's master insurance policy covers unaffiliated projects with no dedicated limited. The pooled insurance policy limit of $[Redacted]does not cover the total insured value of all projects estimated at $[Redacted]billion dollars. The HOA's master insurance policy contains Actual Cash Value ([Redacted]) on the Roofs over [Redacted]years old. | Borrower has been employed in the same industry for more than[Redacted] years. Borrower has verified disposable income of at least $[Redacted] . Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted] . The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Client elected to waive exceptions with compensating factors. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 223368579 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted]or [Redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-15): Received Title commitment with correct policy amount, information validated. Exception Cleared. Buyer Comment (2025-05-14): title supp w/ insured amt upld |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223368579 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-27): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-23): pccd docs upld |
05/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223368579 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-19): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-16): Itemization snapshot upld - [Redacted](e)(3)(i)-[Redacted]. Use of unrounded numbers. Sections [Redacted](o)([Redacted]) and [Redacted](t)([Redacted]) require that the dollar amounts of certain charges disclosed on the Loan Estimate and Closing Disclosure, respectively, to be rounded to the nearest whole dollar. However, to conduct the good faith analysis required under § [Redacted](e)([Redacted])(i) and (ii), the creditor should use unrounded numbers to compare the actual charge paid by or imposed on the consumer for a settlement service with the estimated cost of the service. Reviewer Comment (2025-05-15): [Redacted] received rebuttal, however cure provided at closing is $[Redacted] and cure required is $[Redacted]. If the fee was rounded off on LE, please provide proof of rounding off amount on LE to re-evaluate the exception. Buyer Comment (2025-05-13): please cancel condition, this was cured at closing - please note due to automatic rounding the actual amount disclosed was $[Redacted] (rounded to $[Redacted]) we charged $[Redacted]/ cure = $[Redacted] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223368579 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | HOA/Condo Questionnaire was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-28): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-27): revised lox upld Reviewer Comment (2025-05-27): [Redacted] received Post CD,LOX,Copy of refund check and proof of mailing. However, the LOX states refund in the amount of $[Redacted] for under disclosed finance charge kindly confirm whether the refund is for HOA /condo questionnaire if so, please provide corrected LOX in order to cure the exception. |
05/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223372996 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted]HPML Threshold Test Compliant | [Redacted] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% | Reviewer Comment (2025-05-14): Client elects to waive. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| 223373117 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Article of Organization is missing in the file. | Reviewer Comment (2025-05-14): Received Articles of Organization/Formation document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-13): Business Docs |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223373117 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in the file. | Reviewer Comment (2025-05-14): Received Certificate of Good Standing document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-13): business docs |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223373117 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in the file. | Reviewer Comment (2025-05-14): Received Corporate Resolution document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-13): business docs |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223373117 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in the file. | Reviewer Comment (2025-05-14): Received Employer Identification Number (EIN) document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-13): business docs |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223373117 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in the file. | Reviewer Comment (2025-05-14): Received Operating Agreement for business entity [Redacted], LLC Verified and updated details. Exception Cleared. Buyer Comment (2025-05-13): business Docs |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377038 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - ARM not provided | Reviewer Comment (2025-05-20): Rider - ARM received, Exception Cleared. Buyer Comment (2025-05-19): arm rider upld |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223377038 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-19): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-19): please cancel cond, this was cured at closing on final cd sect j. |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223377038 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-28): [Redacted] received corrected PCCD and LOE with corrected fee name. Buyer Comment (2025-05-27): pccd docs upld |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223377038 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-28): Sufficient Cure Provided At Closing |
05/28/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223377041 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | E-sign consent disclosure is required to be dated prior to the initial loan estimate issue date. | Reviewer Comment (2025-05-16): [Redacted] received updated E-sign Consent agreement with eConsent accepted by borrower on [Redacted]. Buyer Comment (2025-05-15): E consent before LE was sent |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223377050 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The most recent [Redacted] months of statements must be provided for any account that will be utilized for asset qualification | Reviewer Comment (2025-05-15): Bridge loan CD received, [Redacted] months bank statement is acceptable for passive asset utilization income, asset qualifier loan program with no DTI requires [Redacted] months bank statement. Buyer Comment (2025-05-14): See Upload |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223377050 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | Borrower is using funds from bridge loan from departing residence but no supporting documentation provided. | Reviewer Comment (2025-05-15): Bridge loan CD received. Buyer Comment (2025-05-14): [Redacted] CD |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223377050 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | he most recent [Redacted] months of statements must be provided for any account that will be utilized for asset qualification. | Reviewer Comment (2025-05-15): Bridge loan CD received, [Redacted] months bank statement is acceptable for passive asset utilization income, asset qualifier loan program with no DTI requires [Redacted] months bank statement. Buyer Comment (2025-05-14): See Upload |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223377050 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank [Redacted]): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted]/[Redacted], Tax Return Due Date [Redacted]. | Application date is before [Redacted]. | Reviewer Comment (2025-05-15): Client elects to waive. Buyer Comment (2025-05-14): [Redacted] Extension |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223377050 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | he most recent [Redacted] months of statements must be provided for any account that will be utilized for asset qualification. | Reviewer Comment (2025-05-15): Bridge loan CD received, [Redacted] months bank statement is acceptable for passive asset utilization income, asset qualifier loan program with no DTI requires [Redacted]months bank statement. Buyer Comment (2025-05-14): See Upload |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223377050 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | he most recent [Redacted] months of statements must be provided for any account that will be utilized for asset qualification. | Reviewer Comment (2025-05-15): Bridge loan CD received, [Redacted] months bank statement is acceptable for passive asset utilization income, asset qualifier loan program with no DTI requires [Redacted] months bank statement. Buyer Comment (2025-05-14): See Upload |
05/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | VA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223377135 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal delivery receipt is not [Redacted] days prior to the Closing date. | Reviewer Comment (2025-05-16): Exception cleared - Appraisal delivery proof received and updated clarity. Buyer Comment (2025-05-15): Appraisal |
05/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TN | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223377135 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted].[Redacted][Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Appraisal delivery receipt is not [Redacted] days prior to the Closing date. | Reviewer Comment (2025-05-16): Exception cleared - Appraisal delivery proof received and updated clarity. Buyer Comment (2025-05-15): Appraisal receipt |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223377135 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal delivery receipt is not [Redacted] days prior to the Closing date. | Reviewer Comment (2025-05-16): Exception cleared - Appraisal delivery proof received and updated clarity. Buyer Comment (2025-05-15): Copy of appraisal |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223377135 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee on closing disclosure is $[Redacted]and on loan estimate $[Redacted]. No Valid Change circumstance in file. | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223377135 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee on closing disclosure is $[Redacted]and on loan estimate $[Redacted]. No Valid Change circumstance in file. | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223377147 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an updated exception which was approved to use the listed rent rather than the market rent on this vacant property to qualify the [Redacted]. Using the listed rent of $[Redacted]gets the [Redacted] back up over [Redacted](which is required for the [Redacted] exception approval). In the alternative, could we update the exception approval to allow for the [Redacted] <[Redacted]? LTV is [Redacted]%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Preapproved exception |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223377147 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | **ORIGINAL REQUEST** branch has requested an exception to go up to [Redacted]% LTV delayed financing using current value of property after documented improvements estimated to be at $[Redacted], so borrower would be receiving back more than his initial investment of $[Redacted]with a loan amount of $[Redacted][Redacted],[Redacted](thus not meeting delayed financing guides). Borrower has an EAD card, code [Redacted]. Property was purchased for cash in [Redacted][Redacted]. We have requested the CD for purchase + source of funds used (those are still pending). Property purchased under [Redacted], now vesting into [Redacted]after extensive renovations. Documentation has been requested for those as well. Property is currently vacant. Thank you for reviewing! |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-12): Preapproved exception |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223377152 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to Exception is needed due to section [Redacted] : Unacceptable Property Type (Unique Property & Rooming/Boarding Home). Exception request for eligibility of subject property. The subject is a legally zoned [Redacted]bd/[Redacted] ba SFR located in a suburban area with <[Redacted] acre, and public utilities. The subject is on located on the [Redacted], and the subject appear to be used for student housing. The Appraiser has provided [Redacted]comparable that are similarly used for student housing, and a couple of comparable that are similar to and/or bracketing of the subject GLA and bd/ba count. [Redacted] CDA is not required at this time. Lender exception was approved with conditions: Maximum [Redacted]% LTV, Minimum [Redacted] [Redacted], Minimum [Redacted] Year [Redacted] | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Preapproved exception |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223377170 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-16): Received Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-05-15): uploaded signed business purp cert |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377226 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Additional [Redacted] month bank statement is required. | Reviewer Comment (2025-05-23): Cleared. Per client, account was new account was established. Statement reflects balance is the same amount as the counter credit on the same day. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223377226 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file for FTHB with less than [Redacted] trade lines. Borrower has [Redacted] trade lines with [Redacted] over [Redacted] months. Exception approved with max [Redacted]% ltv, [Redacted] mo min reserves and [Redacted] alt tradelines to be provided one of which is to be rental history. | The qualifying DTI on the loan is at least [Redacted] % less than the guideline maximum. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted] . Borrower's monthly mortgage payment has decreased by at least [Redacted] %. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Exception approval in file with comp factors cited. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Exception approval in file with comp factors cited. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223377261 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Loan Tie-In Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | : [Redacted] Percent Fee Tolerance exceeded for Title - Loan Tie-In Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. No cure and no valid COC provided. | Reviewer Comment (2025-05-21): [Redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-05-20): See attached |
05/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223377420 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception at origination provided due to Section [Redacted]: Rural [Redacted] Property. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] bd/[Redacted] ba SFR located in a rural area with [Redacted] acres, well water, and "tank and field" sewer (septic). A satisfactory CDA is on file. ***Prior Exception Notes: Putting down [Redacted]% but can do more if required. Have $[Redacted]M in assets. Lender exception was approved with the following conditions: Max [Redacted]% LTV, Subject to [Redacted][Redacted][Redacted]XX LLPA, Min .[Redacted] [Redacted], Borrower to provide LOX addressing the rolling lates on HELOC in [Redacted]( [Redacted] Home) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted] . |
SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Preapproved exception |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223377554 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223377568 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State Defect | [Redacted] | [Redacted] Predatory Lending Database Program ([Redacted]) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Certificate of Compliance or Exemption not provided. | Reviewer Comment (2025-05-19): Certificate of compliance received. Exception cleared. Buyer Comment (2025-05-16): Cert of Compliance |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223377568 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. No cure was provided to the borrower. | Reviewer Comment (2025-05-30): [Redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-05-28): Corrected Reviewer Comment (2025-05-27): [Redacted] received cure documents for $[Redacted] cure but the PCCD provided shows cure of $[Redacted] under section J. Please provide corrected PCCD with updated cure amount. Buyer Comment (2025-05-23): Cure |
05/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223377568 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [Redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-19): Details updated as per receipt of appraisal. Exception cleared. Buyer Comment (2025-05-16): Please see [Redacted] pg [Redacted] for proof bwr received[Redacted] appraisal. |
05/19/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223377577 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-22): Received Business Purpose Certificate. Exception cleared. Buyer Comment (2025-05-21): Business Purpose Cert |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377577 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final executed closing disclosure is missing in the file. | Reviewer Comment (2025-05-22): Received Final executed closing disclosure. Exception cleared. Buyer Comment (2025-05-21): Final CD |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377577 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Non-Owner Occupancy Declaration not provided | Non-Owner Occupancy Declaration is missing. | Reviewer Comment (2025-05-22): Received occupancy declaration. Exception cleared. Buyer Comment (2025-05-21): Occupancy |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377577 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Note Addendum - Prepayment is missing. | Reviewer Comment (2025-05-22): Received Note Addendum - Prepayment. Exception cleared. Buyer Comment (2025-05-21): [Redacted] Note Addend |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | Yes | ||||||||||||||
| 223377577 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification is missing. | Reviewer Comment (2025-05-22): Received Patriot Act information for as verification of identification. Exception cleared. Buyer Comment (2025-05-21): Patriot Act |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377577 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Provided Fraud Report shows Drive score as [Redacted] | Reviewer Comment (2025-05-22): Received fraud report with drive score. Exception cleared. Buyer Comment (2025-05-21): Fraud |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377579 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated DTI of [Redacted]% exceeds Guideline total debt ratio of [Redacted]%. | Reviewer Comment (2025-05-20): Exception cleared. Received documents and updated correctly. Buyer Comment (2025-05-19): uploaded revised income calc, 1003, 1008 |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223377581 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final Title Policy is not provided in the file | Reviewer Comment (2025-05-20): Received Final Title Policy with correct amount. Exception cleared. |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223377581 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Title Preliminary Report in the file doesn't disclose the total Policy coverage amount. Provide evidence of title with sufficient policy coverage. | Reviewer Comment (2025-05-20): Received Final Title Policy with correct amount. Exception cleared. Buyer Comment (2025-05-19): Final Title |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223377758 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to Increase of Title - Settlement / Closing / Escrow Fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-05-27): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-23): See attached |
05/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223377758 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Departure residence PITIA is omitted and [Redacted]% equity is showed in AVM however Comparable rent schedule is missing in file. Per guidelines, a properly executed lease agreement (that is, a lease signed by the Applicant and the lessee) of at least one year's duration after the loan is closed is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided. | Reviewer Comment (2025-05-22): Cleared. All requirements are met to exclude expense for departing residence. AVM indicates property is listed prior to closing and [Redacted] months reserves for departing property verified. Reviewer Comment (2025-05-21): Letter of Explanation or any supporting documents are not available in file for Expense of REO property as "[Redacted]" to Exclude it from DTI. Exception Remains. Buyer Comment (2025-05-20): Property is actively listed for sale as indicated on the AVM. Per guidelines: Properties Listed for Sale or Under Contingent Contract If the applicant's property is either listed for sale or under a contingent contract for sale at time of closing may have the payment excluded from the DTI/debt service with the following: A letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale: AVM CONFIRMS LISTING A full or exterior only appraisal evidencing the departing residence hast at least [Redacted]% equity after deduction of all liens outstanding against the property Additional reserves for the departing property, above and beyond all other requirements, as follows: If appraisal indicates a marketing time of [Redacted] months or less: [Redacted] months PITIA If appraisal indicates a marketing time of more than [Redacted] months: [Redacted] months PITIA An Automated Valuation Model (AVM) may be utilized in lieu of an appraisal report to document equity in the departing residence. If utilizing this option, [Redacted] months of the departing residence's PITIA. If the property: AVM AND RESERVES VERIFIED |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223377758 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] issue due to Departure residence PITIA is omitted, and [Redacted]% equity is showed in AVM however Comparable rent schedule is missing in file. Per guidelines, a properly executed lease agreement (that is, a lease signed by the Applicant and the lessee) of at least one year's duration after the loan is closed is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided. | Reviewer Comment (2025-05-22): Cleared. All requirements are met to exclude expense for departing residence. AVM indicates property is listed prior to closing. |
05/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223377758 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] issue due to Departure residence PITIA is omitted, and [Redacted]% equity is showed in AVM however Comparable rent schedule is missing in file. Per guidelines, a properly executed lease agreement (that is, a lease signed by the Applicant and the lessee) of at least one year's duration after the loan is closed is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided. | Reviewer Comment (2025-05-22): Cleared. All requirements are met to exclude expense for departing residence. AVM indicates property is listed prior to closing. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223377758 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank [Redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted] ([Redacted]) ([Redacted]) of [Redacted][Redacted][Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to [Redacted].) | [Redacted] issue due to Departure residence PITIA is omitted, and [Redacted]% equity is showed in AVM however Comparable rent schedule is missing in file. Per guidelines, a properly executed lease agreement (that is, a lease signed by the Applicant and the lessee) of at least one year's duration after the loan is closed is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided. | Reviewer Comment (2025-05-22): Cleared. All requirements are met to exclude expense for departing residence. AVM indicates property is listed prior to closing. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223377758 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Documentation to support funds from Bridge Loan proceeds used for closing is not located in the file. | Reviewer Comment (2025-05-28): Closing Disclosure document received for Bridge Loan and associated. Exception cleared. Buyer Comment (2025-05-27): attached |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223377761 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-19): Client elects to waive. Reviewer Comment (2025-05-19): Exception remains: The appraisal received date is[Redacted] after applying the mailbox rule, [Redacted] business days prior to closing would be [Redacted], requirement not met. Buyer Comment (2025-05-16): Proof sent to bwr, please apply mailbox rule |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223377827 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to use current rents of $[Redacted]for qualifying purposes without having [Redacted] month history of receipt prior to loan application. Lease in file term of lease [Redacted] per lease tenants paid [Redacted] month upfront with security deposit proof of cashier's check in file from current tenants. Borrower will have over [Redacted] months reserves with proceeds from loan. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-14): Client elects to waive with compensating factors. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223377828 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC search for borrowing business entity is missing. | Reviewer Comment (2025-05-16): Received OFAC search for Business Entity. Exception Cleared. Buyer Comment (2025-05-15): uploaded ofac report |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223377828 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing. | Reviewer Comment (2025-05-19): Received Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-05-16): business purp cert |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223377828 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Currency Converter/Exchange (Asset) not provided | Currency Converter/Exchange is required for Safra account ending with #[Redacted] | Reviewer Comment (2025-05-20): Received Currency Converter/Exchange in the file. Exception Cleared. Buyer Comment (2025-05-19): currency converter uploaded |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223377828 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | ACH was missing from file. | ACH is required as borrowers are foreign national. | Reviewer Comment (2025-05-16): Received ACH verification .Exception Cleared. Buyer Comment (2025-05-15): uploaded ACH form |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223377828 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested as funds to close deposited directly from foreign account to escrow. This is a new con[Redacted]uction and borrowers already made several deposits directly to escrow. Lender exception was approved with the following conditions: [Redacted]% LTV Max, Minimum [Redacted] [Redacted], Minimum [Redacted] Year [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least[Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted] . |
SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Preapproved exception |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| 223378613 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided for Borrower is utilizing [Redacted]% of business funds while owning [Redacted]% of the business. Access letter is pending. Additional [Redacted]% owner has been confirmed by licensed taxed preparer. Exception approval requires Max [Redacted]% LTV, Min [Redacted] Yr [Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted] Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted] . The qualifying DTI on the loan is at least [Redacted] % less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-14): Client elects to waive with comp factors. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223378614 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | Reviewer Comment (2025-05-20): CDA provided exception cleared. Buyer Comment (2025-05-19): uploaded [Redacted] valuation |
05/20/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 223378615 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-19): E-Sign Consent Agreement received and associated .Exception cleared Buyer Comment (2025-05-16): Esign consent |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223378615 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance coverage of $[Redacted]is short by $[Redacted]to cover the loan amount of $[Redacted]. | Reviewer Comment (2025-05-19): Replacement cost estimator received and updated . Exception cleared Buyer Comment (2025-05-16): RCE |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223378615 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | File is missing a Cash flow analysis or CPA letter stating that the use of the funds in the transaction will not have a material adverse impact on the business operations for Business Account #[Redacted]. | Reviewer Comment (2025-05-20): Cash flow analysis is received. Exception cleared. Buyer Comment (2025-05-19): Docs |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223378615 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | File is missing a Cash flow analysis or CPA letter stating that the use of the funds in the transaction will not have a material adverse impact on the business operations for Business Account #[Redacted]. | Reviewer Comment (2025-05-21): Cash Flow analysis received. Exception cleared Buyer Comment (2025-05-19): See Upload |
05/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MD | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223378615 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | File is missing a Cash flow analysis or CPA letter stating that the use of the funds in the transaction will not have a material adverse impact on the business operations for Business Account #[Redacted]. | Reviewer Comment (2025-05-20): Cash flow analysis is received. Exception cleared. Buyer Comment (2025-05-19): See Upload |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223378615 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | File is missing a Cash flow analysis or CPA letter stating that the use of the funds in the transaction will not have a material adverse impact on the business operations for Business Account #[Redacted]. | Reviewer Comment (2025-05-21): Cash Flow analysis received. Exception cleared Buyer Comment (2025-05-19): See Upload |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223378624 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested due to section [Redacted]: Unacceptable property type. Exception request for eligibility of subject property. The branch is utilizing a transferred appraisal. The subject is a legally zoned [Redacted] bd/[Redacted]ba SFR locate in a suburban area with <[Redacted] acre, and public utilities. The subject is uniquely designed where half of the main floor is below grade; however. the appraiser considered this above grade due to the marketability and no similar comparable being available. Lender exception was approved with the following conditions: Max [Redacted]% LTV, Min [Redacted] [Redacted], Min [Redacted] Year [Redacted], Appraiser to correct [Redacted]Comparable are showing a negative number for monthly rent | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Preapproved exception |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223378625 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-16): E-sign Consent Agreement received and associated . Exception cleared Buyer Comment (2025-05-15): E consent |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223378625 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. No cure was provided to the borrower. | Reviewer Comment (2025-05-21): [Redacted] received email confirmation, survey is borrower chosen. Buyer Comment (2025-05-20): Rebuttal |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223378629 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Asset statements provided must cover at least [Redacted]days on purchases. Only [Redacted] month provided for [Redacted] accounts #[Redacted]and #[Redacted]. | Reviewer Comment (2025-05-20): Per lender comment, LP used for asset qualification. Condition cleared. Buyer Comment (2025-05-16): LP used for qualification; Only [Redacted] day period required. Please waive. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223378635 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Non-warrantable condotel due to square footage. Subject unit is only [Redacted]SQ feet, no separate bedroom and no fully functioning kitchen. Exception conditions: Max [Redacted]% LTV, Min .[Redacted][Redacted], UW to confirm landlord history | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted] . The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by [Redacted] |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. Buyer Comment (2025-05-15): please clarify what is required or clear |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223378682 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non-warrantable due to outstanding critical repairs for façade/siding of [Redacted] buildings. ***Prior Exception Request: Borrower recently divorced, assets used from the sale of previous home. All credit paid as agreed. Mtg [Redacted] mo reviewed no lates, one open CC. Borrower has been employed with current employer [Redacted] yrs with [Redacted]yrs in the field. Borrower is leaving her current employer [Redacted] to start a new job [Redacted] for more pay. Income is increasing $[Redacted]. Per month. [Redacted]months excess reserves. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted] . Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted] . The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-14): Client elected to waive exceptions with compensating factors. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | ||||||||
| 223378682 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-13): Sufficient Cure Provided At Closing |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MD | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223378682 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [Redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-19): Received proof/receipt which confirms copy of appraisal report deliver to borrower from[Redacted] business days prior to closing date, information validated. Exception cleared. Buyer Comment (2025-05-16): Proof Appraisal Sent to Bwr |
05/19/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223378685 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Currency Converter/Exchange (Asset) not provided | Currency Converter/Exchange (Asset) is missing in file | Reviewer Comment (2025-05-22): Provided currency converter dated [Redacted] with convert rate of[Redacted]. Exception cleared. Buyer Comment (2025-05-21): uploaded [Redacted] currency converter Reviewer Comment (2025-05-19): Bank statement available till [Redacted] and currency converter is dated [Redacted]. Require currency converter for [Redacted]. Exception remains. Buyer Comment (2025-05-16): see [Redacted] that is the currency converter for account [Redacted] Reviewer Comment (2025-05-16): Require Currency Converter/Exchange for account [Redacted]. Exception Remains Buyer Comment (2025-05-15): which account are you referring to? acct [Redacted] statement is already in [Redacted] dollars |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223382990 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception at origination is provided for borrower is purchasing an investment property, [Redacted]. Owns primary for almost [Redacted] years but no other landlord experience. Does not meet waiver b/c [Redacted] is .[Redacted]. Minimal usage of debt, no recent derogatory credit; [Redacted] months reserves. Lender exception was approved with conditions: Max [Redacted]% LTV, Min [Redacted] year [Redacted], Min .[Redacted][Redacted], Borrower to provide detailed LOX to address how they plan to turn a profit | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Preapproved exception |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223382991 | [Redacted] | [Redacted] | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-05-20): UCDP provided for correct address. Buyer Comment (2025-05-20): Correct SSRs equal or under [Redacted] score Reviewer Comment (2025-05-20): The UCDP's provided were not for the subject property. No score was provided. Buyer Comment (2025-05-16): Please waive: "If the CU score is less than or equal to [Redacted], no additional appraisal review products are required". Current score is [Redacted] |
05/20/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MA | Primary | Purchase | D | A | A | A | A | A | D | A | Non QM | Non QM | No | |||||||||||
| 223383147 | [Redacted] | [Redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Experience level does not meet the guideline requirements for an experienced investor. | Lender Exception requested and approved for not meeting experience level required by guidelines. Requirements are [Redacted]% max LTV, Min [Redacted] of [Redacted], and Min [Redacted]year [Redacted]. Exception approval form is provided in the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. Buyer Comment (2025-05-16): exception aprvl and [Redacted] adden were provided in the file, please cancel condition or advise what is needed. |
05/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223383147 | [Redacted] | [Redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | - | Lender Exception requested and approved for a FTHB on a [Redacted] loan. Borrower must meet the following conditions [Redacted]% max LTV, Min [Redacted] of [Redacted], and Min [Redacted]year [Redacted]. Exception approval form is provided in the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. Buyer Comment (2025-05-16): exception aprvl and [Redacted] adden were provided in the file, please cancel condition or advise what is needed. |
05/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| 223383291 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Pest Inspection Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close [Redacted] disclosing the tolerance cure to include $[Redacted] , a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-22): [Redacted] received PCCD and LOE is sufficieint. Buyer Comment (2025-05-20): Borrower chosen Reviewer Comment (2025-05-20): [Redacted] Received Corrected PCCD and LOE moving fee to section [Redacted]; however, [Redacted] is unable to determine from the file whether the lender or title company required the survey. If the lender required the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-05-19): PCCD |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223383701 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Asset statements must cover at least [Redacted] days on purchases and only [Redacted] [Redacted] Leaf statement provided covering[Redacted] - [Redacted]. | Reviewer Comment (2025-05-20): In initial package verification of deposit is already present for bank statements for account #[Redacted]. Exception Cleared. Buyer Comment (2025-05-19): There is a VOD in file document [Redacted] that completes the [Redacted] day requirement. Please cancel this condition as it is invalid. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223383701 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | The final title report in file disclosed $[Redacted] of title insurance coverage; however this is less than the loan amount of $[Redacted]. Provide a copy of the updated final title policy verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-30): Received title Final. Exception Cleared. Buyer Comment (2025-05-29): See attached |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223386424 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-22): Final title received. Buyer Comment (2025-05-21): updated title policy |
05/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 223386424 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-05-22): Final title received. |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 223386738 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) | [Redacted] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Compliant Higher Priced Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Compliant Higher Priced Loan. | Reviewer Comment (2025-05-27): Client elects to waive. |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OK | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | [Redacted] due to third party verification of [Redacted] not provided. | Reviewer Comment (2025-05-20): Business License showing business is active. Exception cleared. Buyer Comment (2025-05-19): Please see [Redacted] business license showing active XXXX |
05/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank [Redacted]): Unable to verify current [Redacted]status using reasonably reliable third-party records. | [Redacted] due to third party verification of [Redacted] not provided. | Reviewer Comment (2025-05-20): Business License showing business is active. Exception cleared. Buyer Comment (2025-05-19): Please see [Redacted] business license showing active XXXX |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [Redacted]): General Ability-to-Repay requirements not satisfied. | [Redacted] due to third party verification of [Redacted] not provided. | Reviewer Comment (2025-05-20): Business License showing business is active. Exception cleared. |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . No cure was provided to the borrower. | Reviewer Comment (2025-05-22): [Redacted] received a valid COC. Buyer Comment (2025-05-21): COC |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No cure was provided to the borrower | Reviewer Comment (2025-05-28): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-27): PCCD Cure |
05/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . No cure was provided to the borrower. | Reviewer Comment (2025-05-22): Upon further review the title insurance disclosure is acceptable. Buyer Comment (2025-05-21): Rebuttal |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted] ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] due to third party verification of [Redacted] not provided. | Reviewer Comment (2025-05-20): Business License showing business is active. Exception cleared. Buyer Comment (2025-05-19): Please see [Redacted] business license showing active XXXX |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | [Redacted] due to third party verification of [Redacted] not provided. | Reviewer Comment (2025-05-20): Business License showing business is active. Exception cleared. Buyer Comment (2025-05-19): Please see [Redacted] business license showing active XXXX |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 223386739 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] due to third party verification of [Redacted] not provided. | Reviewer Comment (2025-05-20): Business License showing business is active. Exception cleared. Buyer Comment (2025-05-19): Please see [Redacted] business license showing active XXXX |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223386742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-23): Received preliminary appraisal. Condition cleared. Buyer Comment (2025-05-21): Original Second Appraisal Reviewer Comment (2025-05-20): Revised Appraisals were provided to borrower on [Redacted] which is not within [Redacted]business days of closing date [Redacted]. [Redacted] days delivery waiver was signed by borrower, but applicant cannot waive the [Redacted]-business-days-before-closing deadline under the [Redacted] Appraisal Rule. Exception remains. Buyer Comment (2025-05-19): Appraisal Delivery Receipt |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223386742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee increased to $[Redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-14): Sufficient Cure Provided At Closing |
05/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223386742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-23): Received preliminary appraisal. Condition cleared. Buyer Comment (2025-05-21): Original Reviewer Comment (2025-05-20): Revised Appraisals were provided to borrower on [Redacted] which is not within [Redacted] business days of closing date [Redacted]. [Redacted] days delivery waiver was signed by borrower, but applicant cannot waive the [Redacted]-business-days-before-closing deadline under the [Redacted] Appraisal Rule. Exception remains. Buyer Comment (2025-05-19): Please see appraisal delivery receipt uploaded today. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223386742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of revised valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-28): Client elects to waive. |
05/28/2025 | 2 | B | B | B | B | B | PA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223386742 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of revised valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-28): Client elects to waive. |
05/28/2025 | 2 | B | B | B | B | B | PA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223386747 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-20): Econsent provided. Buyer Comment (2025-05-19): E consent |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223386747 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Pest Inspection Fee of $[Redacted] was added without any valid changed circumstances, no cure was provided. | Reviewer Comment (2025-05-22): [Redacted] received Post CD and LOX by moving fee to section H. Buyer Comment (2025-05-21): [Redacted] per Diem and then the pccd and lox |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223386748 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Only [Redacted] month statement was provided. Per lender guides, bank statements covering a [Redacted] day period is required on purchased. | Reviewer Comment (2025-05-27): Received clarification/approval/documentation from lender. Condition cleared. Reviewer Comment (2025-05-22): Provide the supporting document for the account #[Redacted] is newly opened. Exception remains. Buyer Comment (2025-05-21): lox rebuttal uploaded |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223386750 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Non-QM Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-05-22): Non-QM Business Purpose Certificate is provided. Exception cleared. Buyer Comment (2025-05-21): Please see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223386753 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent and Other). Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Attorney's Fee increased to $[Redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-22): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-21): PCCD and LOX |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223386753 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Transfer Fee increased to $[Redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-22): [Redacted] received Post CD and LOX by moving fee to section H. Buyer Comment (2025-05-21): PCCD and lOX |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223386753 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-22): Sufficient Cure Provided At Closing |
05/22/2025 | 1 | A | A | A | A | A | IL | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223386755 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-05-27): Business Purpose Certificate provided. Exception cleared. Buyer Comment (2025-05-23): See attached |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223386761 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Divorce Decree / Child Support not provided | Divorce Decree / Child Support is missing. | Reviewer Comment (2025-05-30): Divorce Decree / Child Support received & associated. Exception cleared. Buyer Comment (2025-05-29): divorce/child support docs upld |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223386761 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee on closing disclosure is $[Redacted] and on loan estimate $[Redacted] . No Valid Change circumstance in file. | Reviewer Comment (2025-05-14): Sufficient Cure Provided At Closing |
05/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223387007 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [Redacted] Search of [Redacted] [Redacted] is missing. | Reviewer Comment (2025-05-20): Received OFAC for the business entity in the file. Exception Cleared. Buyer Comment (2025-05-19): OFAC with vesting entity |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NH | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223387012 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender approved exception at origination for "Comp factors include low LTV of [Redacted]% and the borrower has [Redacted] months' worth of reserves.*** Our borrower is requesting to purchase an [Redacted] property utilizing [Redacted] to qualify with a [Redacted] -credit score. Exhibit D requires a minimum credit score of [Redacted] . ***Comments from the LO: Credit [Redacted] due to student loan delinquencies. LOX and documentation provided for student loan delinquencies." |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
Combined Loan to Value: [Redacted]% Guideline Maximum Combined Loan to Value: [Redacted]% |
SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-15): Client elects to waive with compensating factors. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| 223387015 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has requested exception for: - Doesn't meet the [Redacted] -mo. seasoning requirement for c/o refi. - Borrower acquired the property on [Redacted] - Compensating factor includes: Low LTV os [Redacted]%, High Fico of [Redacted] , Long term employment of over [Redacted], residual income of $[Redacted]/mo. Borrower needs [Redacted] of reserve on the subject +[Redacted] mo's on REO = $[Redacted] total reserve needed. Borrower has $[Redacted] in asset = [Redacted] mo's of reserve. Exception has been approved with compensating factors: - Loan to value [Redacted] % or more under requirement - FICO [Redacted] points or more above requirement - Reserve [Redacted]+ months more than requirement - Residual Income $[Redacted]or more - Long term employment (>[Redacted] years) |
Borrower has been employed in the same industry for more than [Redacted] years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Borrower has been employed in the same industry for more than [Redacted] years. LTV is [Redacted]% vs the max of [Redacted]% Over [Redacted]in reserves vs the required $[Redacted] FICO is [Redacted]vs the minimum of [Redacted] |
Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC |
Reviewer Comment (2025-05-15): Client elects to down grade and waive using compensating factors FICO is [Redacted] vs the minimum of [Redacted] LTV is [Redacted]% vs the max of [Redacted]% Over [Redacted] in reserves vs the required $[Redacted] Borrower has been employed in the same industry for more than [Redacted] years. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223387033 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | It appears the lender is using the current lease rate for the [Redacted] calculation. The current lease is missing. | Reviewer Comment (2025-05-23): Received lease agreement. Exception Cleared. Buyer Comment (2025-05-22): lease upld |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223387034 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: HOA Questionnaire not provided | Missing from the file | Reviewer Comment (2025-05-20): HOA Questionnaire received and associated. Exception cleared. Buyer Comment (2025-05-19): questionnaire |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223387035 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified assets for closing of $[Redacted] is less than cash from borrower $[Redacted]. Shortage of $[Redacted]. The earnest money deposit of $[Redacted] is not included in verified funds because the source document is not located in the file. | Reviewer Comment (2025-05-22): Received Deposit receipt and wire transfer confirmation document of Earnest Money Deposit $[Redacted], information validated and reserve/asset requirement suffice. Exception Cleared. Buyer Comment (2025-05-21): See Uploads |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223387035 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified PITIA months reserves of [Redacted] is less than guideline required PITIA months reserves of [Redacted] . The earnest money deposit of $[Redacted] is not included in verified funds because the source document is not located in the file. | Reviewer Comment (2025-05-22): Received Deposit receipt and wire transfer confirmation document of Earnest Money Deposit $[Redacted], information validated and reserve/asset requirement suffice. Exception Cleared. Buyer Comment (2025-05-21): See Uploads |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223387035 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is present in file : Other than the obvious, the project meets insurance guidelines and has a SAFE filing status with [Redacted] recorded in [Redacted]. They have [Redacted]% of maintenance fees set aside for reserves which equates to approximately [Redacted] months maintenance. The coop income statement showed a net gain of [Redacted]%. The coop collected $[Redacted] in special assessments and it was being used to offset operating expenses and/or abatements. Since [Redacted] does not have a variance with agency to direct projects with pre-sale deficiencies, we were asked to provide a request for exception from NQM as the LO believes he will have several more transactions coming. I am on the fence with this project. I cannot recommend for decline nor approval. This decision will rely heavily on the borrower's credit profile. In addition, there is personal injury litigation pending. I have conditioned for confirmation of insurance defense and indemnification. As well as a copy of the Sponsor Support Agreement between the coop and Sponsor over the sell of units. I can provide that if and when I receive it if you require review to help disposition this request. |
Borrower has been employed in the same industry for more than [Redacted]years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. Buyer Comment (2025-05-19): See pages [Redacted],[Redacted] and [Redacted] |
05/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223387035 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] due to reserves requirement not met. | Reviewer Comment (2025-05-22): Received Deposit receipt and wire transfer confirmation document of Earnest Money Deposit $[Redacted], information validated and reserve/asset requirement suffice. Exception Cleared. Buyer Comment (2025-05-21): See Uploads |
05/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223387035 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted] ): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] due to reserves requirement not met. | Reviewer Comment (2025-05-22): Received Deposit receipt and wire transfer confirmation document of Earnest Money Deposit $[Redacted], information validated and reserve/asset requirement suffice. Exception Cleared. Buyer Comment (2025-05-21): See Uploads |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223387035 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Verified assets for closing of $[Redacted] is less than cash from borrower $[Redacted]. Shortage of $[Redacted]. The earnest money deposit of $[Redacted]is not included in verified funds because the source document is not located in the file. | Reviewer Comment (2025-05-22): Received Deposit receipt and wire transfer confirmation document of Earnest Money Deposit $[Redacted], information validated and reserve/asset requirement suffice. Exception Cleared. Buyer Comment (2025-05-21): See Uploads |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223387035 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Verified assets for closing of $[Redacted] is less than cash from borrower $[Redacted] . Shortage of $[Redacted]. The earnest money deposit of $[Redacted] is not included in verified funds because the source document is not located in the file. | Reviewer Comment (2025-05-22): Received Deposit receipt and wire transfer confirmation document of Earnest Money Deposit $[Redacted], information validated and reserve/asset requirement suffice. Exception Cleared. Buyer Comment (2025-05-21): See Uploads |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223387037 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted] ) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted]) business days prior to closing. | Reviewer Comment (2025-05-22): [Redacted] received initial CD Buyer Comment (2025-05-21): See attached CD issued [Redacted] |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223387037 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee $[Redacted] was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. | Reviewer Comment (2025-05-22): [Redacted] received Post CD and LOX. Buyer Comment (2025-05-21): See attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223387038 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: [Redacted] not provided | [Redacted] search for borrowing business entity is missing. | Reviewer Comment (2025-05-27): Received OFAC search for borrowing business entity. Exception Cleared Buyer Comment (2025-05-23): [Redacted] ofac upld |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223387227 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted] /Declarations: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | Borrower has declared Yes for additional debt- F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? was entered Yes. Require confirmation from the borrower. | Reviewer Comment (2025-05-23): Received corrected [Redacted] . Condition cleared. Buyer Comment (2025-05-22): Corrected [Redacted] |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223387227 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | [Redacted] Constitution Section [Redacted](a)([Redacted]): Acceptable FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-[Redacted] Endorsement, there is no evidence the Title Policy includes the [Redacted] T-[Redacted] endorsement. (The loan is a [Redacted] Section [Redacted] (a)([Redacted]) home equity loan.) | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Buyer Comment (2025-05-21): [Redacted] -[Redacted] confirms [Redacted] -[Redacted] obtained |
05/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223387229 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Approved and in file for Rural [Redacted] Property. Property is legally zoned in a rural area with [Redacted] acres, well water, and septic. Exception conditions include max [Redacted] % LTV, Minimum [Redacted] [Redacted], and [Redacted] year Prepayment Penalty. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. |
Borrower's Own Funds Percent: [Redacted]% Borrower's Own Funds Amount: $[Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-14): Client elected to waive exceptions with compensating factors. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223387379 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Review Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close [Redacted] disclosing the tolerance cure to include $[Redacted] , a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-27): [Redacted] Received Valid COC dated [Redacted] Buyer Comment (2025-05-23): See attached |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223387384 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted] ): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted] ) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-20): Received appraisal delivery receipt document, Exception cleared. Buyer Comment (2025-05-19): Receipt sent to borrower |
05/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Rate/Term | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223387547 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request is to use the [Redacted]% expense ration ( service based business) vs the stated income on the initial [Redacted]. LOE attached makes sense. Borrower stated he was informed that a [Redacted]% expense ration was necessary to calculate his income when he purchased the property in [Redacted] and although expense are lower his loan was approved . He is now refinance and the application was based on income figures from the purchase last year. He was provided updated bank statements and a business narrative from accountant and his actual stated income should be $[Redacted]. i am using a [Redacted]% expense ration which puts income $[Redacted] per attached income worksheet. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elected to waive exceptions with compensating factors. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223387551 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] % tolerance was exceeded by $[Redacted] due to increase of lender's title insurance . No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-05-22): [Redacted] Received Corrected PCCD and LOE moving title fee to section C. Buyer Comment (2025-05-21): uploaded lox & pccd--moved to section C, disclosed in C on LE Buyer Comment (2025-05-21): uploaded lox & pccd ---moved to section C, disclosed in C on LE Buyer Comment (2025-05-21): see uploaded COC per appraisal review fee/program changed/program requirement |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223387551 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Recording Service Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Title - Recording Service Fee. Fee Amount of $[Redacted] exceeds . No Valid change circumstance in file. | Reviewer Comment (2025-05-27): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-23): copy of cure check Reviewer Comment (2025-05-22): [Redacted] Received Corrected PCCD, LOE and Proof of Mailing; however, copy of check not received. Provide copy of check. |
05/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | KY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223387551 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in Jefferson county which is in a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date. | Reviewer Comment (2025-05-28): Post Disaster inspection report received. Exception Cleared. Buyer Comment (2025-05-27): PDI Reviewer Comment (2025-05-23): The effective date of the appraisal was [Redacted] which is the inspection date. This occurred prior to the disaster date. Buyer Comment (2025-05-21): appraisal in file was dated [Redacted] which is after the disaster date---can you please clear/waive/cancel condition |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223387551 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Recording Service Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Received Corrected PCCD, LOE and Proof of Mailing; however, copy of check not received. Provide copy of check. | Reviewer Comment (2025-05-27): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-23): duplicate condition of [Redacted] |
05/27/2025 | 2 | B | B | B | B | B | KY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223387566 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-20): Appraisal delivery receipt received & updated. Exception cleared. Buyer Comment (2025-05-19): Showing receipt and borrower receiving and viewing. |
05/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223387761 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted] ): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-20): Appraisal receipt provided. Buyer Comment (2025-05-19): Proof revised appraisal sent to borrower |
05/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NV | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223388777 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception in file approving eligibility of subject property due to Section [Redacted]; [Redacted]. The subject is a legally zoned [Redacted] bd/ [Redacted] ba SFR located in a rural arear with [Redacted] acres, public water and septic sewer. A satisfactory CDA is in the file. Compensating factors include FICO is [Redacted] points or more above requirement, Total debt is [Redacted] % or more under requirement, Residual income of $[Redacted]or more and long-term homeownership greater than [Redacted] years. | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223388777 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to permit the use of severance payment that will not continue for [Redacted] years. | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Actual Reserves: $[Redacted] Required Reserves: $[Redacted] Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223389078 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-23): Delivery evidence received. Buyer Comment (2025-05-22): Proof revised appraisal sent to borrower |
05/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389078 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-23): There is no preliminary appraisal, DOC #[Redacted] is appraisal for another property unit [Redacted] borrower owns, subject property is unit [Redacted] . Buyer Comment (2025-05-22): See uploads |
05/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389078 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Requested for Non Warrantable Condo due to insufficient Insurance coverage. The lender approval document is provided in the file. | Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | ||||||||
| 223389078 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | The CPA letter for provided does not state that the withdrawal of the funds from [Redacted] #[Redacted]will not impact the operation of the business. | Reviewer Comment (2025-05-23): Cash flow analysis received, Exception cleared. Buyer Comment (2025-05-22): Cash Flow Analysis |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389078 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified assets for closing of $[Redacted] is less than required cash from borrower $[Redacted]. | Reviewer Comment (2025-05-23): Closing disclosure received for refinance on other property. Exception cleared. Buyer Comment (2025-05-22): final cd shows proceeds over $903k from cash out proceeds from investment prop. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389078 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Verified reserves of [Redacted] months is less than guideline requirment of [Redacted] months PITIA. The loan application indicates proceeds from a secured loan will used for closing however supporting documentation is not located in the file. | Reviewer Comment (2025-05-23): Closing disclosure received for refinance on other property. Exception cleared. Buyer Comment (2025-05-22): final cd shows proceeds over $[Redacted] from cash out proceeds from investment prop. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Per guidelines, asset statements provided must cover at least [Redacted] days on purchases however only [Redacted] month is provided for account #[Redacted]and #[Redacted]. | Reviewer Comment (2025-05-22): Balance of [Redacted] [Redacted] Bank account #[Redacted] has been transferred to accounts #[Redacted] and #[Redacted] which are newly opened and considered in asset depletion. [Redacted] -month bank statement for [Redacted] [Redacted] Bank account #[Redacted] has been provided which meet asset depletion requirement and also [Redacted] -month asset requirement. Exception cleared Buyer Comment (2025-05-22): see attached Buyer Comment (2025-05-22): please see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | [Redacted] months Bank statement for assets depletion income is required however only [Redacted] month is provided for account #[Redacted]and #[Redacted]. | Reviewer Comment (2025-05-22): Balance of [Redacted] account #[Redacted] has been transferred to accounts #[Redacted] and #[Redacted] which are newly opened and considered in asset depletion. [Redacted] -month bank statement for [Redacted] Bank account #[Redacted] has been provided which meet asset depletion requirement and also[Redacted] -month asset requirement. Exception cleared |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-21): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-20): Appraisal sent |
05/21/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-21): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-21): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [Redacted] months Bank statement for assets depletion income is required however only [Redacted] month is provided for account #[Redacted]and #[Redacted]. | Reviewer Comment (2025-05-22): Balance of [Redacted] [Redacted] Bank account #[Redacted] has been transferred to accounts #[Redacted] and #[Redacted] which are newly opened and considered in asset depletion. [Redacted] -month bank statement for [Redacted] [Redacted] Bank account #[Redacted] has been provided which meet asset depletion requirement and also [Redacted] -month asset requirement. Exception cleared Buyer Comment (2025-05-22): see attached |
05/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [Redacted] months Bank statement for assets depletion income is required however only one month is provided for account #[Redacted]and #[Redacted]. | Reviewer Comment (2025-05-22): Balance of [Redacted] Bank account #[Redacted] has been transferred to accounts #[Redacted] and #[Redacted] which are newly opened and considered in asset depletion. 6-month bank statement for [Redacted] Bank account #[Redacted] has been provided which meet asset depletion requirement and also [Redacted] -month asset requirement. Exception cleared Buyer Comment (2025-05-22): see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted]) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least [Redacted] ([Redacted]) business days prior to closing. | Reviewer Comment (2025-05-22): [Redacted] received disclosure summary for initial CD. Buyer Comment (2025-05-21): ICD |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted] ): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | [Redacted] months Bank statement for assets depletion income is required however only one month is provided for account #[Redacted]and #[Redacted]. | Reviewer Comment (2025-05-22): Balance of [Redacted] [Redacted] Bank account #[Redacted] has been transferred to accounts #[Redacted] and #[Redacted] which are newly opened and considered in asset depletion. 6-month bank statement for [Redacted] [Redacted] Bank account #[Redacted] has been provided which meet asset depletion requirement and also [Redacted] -month asset requirement. Exception cleared Buyer Comment (2025-05-22): see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223389096 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Asset statements provided must cover at least [Redacted] days on purchases however only one month is provided. | Reviewer Comment (2025-05-22): Balance of [Redacted] Bank account #[Redacted] has been transferred to accounts #[Redacted] and #[Redacted] which are newly opened and considered in asset depletion. [Redacted] -month bank statement for [Redacted] Bank account #[Redacted] has been provided which meet asset depletion requirement and also [Redacted] -month asset requirement. Exception cleared Buyer Comment (2025-05-22): see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223389103 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent agreement is missing in the file. | Reviewer Comment (2025-05-21): Received E-Sign Consent document. Exception cleared. Buyer Comment (2025-05-20): proof esign accepted upld |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223389103 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted] but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-05-21): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-20): please waive cond, the correct cure of $[Redacted] was issued on the final cd, section j, the le's round figures, see attached itemization snapshot upld confirming $[Redacted] was the true amount disclosed. |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223389103 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2025-05-21): Sufficient Cure Provided At Closing |
05/21/2025 | 1 | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223390209 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to "Borrower is Requesting an exception for FTHB to use [Redacted] financing and for a loan amount below $[Redacted]. Property is currently rented-Both units. Property is [Redacted] miles from current residence, so occupancy is not a concern. Borrower has been renting in the same place for [Redacted] years. Never late. VOR in file. Borrower has a [Redacted] -year credit history with no late payments. Assets: $[Redacted]leaving $[Redacted]-[Redacted] months for reserves." | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elected to waive exceptions with compensating factors. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223390209 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for FTHB to use [Redacted] financing and for a loan amount below $[Redacted]. Property is currently rented-Both units. Property is [Redacted] miles from current residence, so occupancy is not a concern. Borrower has been renting in the same place for [Redacted] years. Never late. VOR in file. Borrower has a [Redacted] -year credit history with no late payments. Assets: $[Redacted] leaving $[Redacted] -[Redacted] months for reserves." | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-15): Client elected to waive exceptions with compensating factors. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2025-05-22): Exception cleared. Received documents and updated correctly. Buyer Comment (2025-05-22): see attached Buyer Comment (2025-05-22): please see the attached final cd for the refi of [Redacted] [Redacted] , this shows the loan is escrowed for taxes and insurance. please clear this condition and all waterfall conditions |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is approved for: Cash out refinance seasoning <[Redacted] mos & Section [Redacted] : Properties recently listed for sale. Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] bd/[Redacted] ba condo located in an urban area with public utilities. The subject was last transferred on [Redacted] for $[Redacted] and is now appraising for $[Redacted] . Per the appraiser, the subject was renovated throughout. Per online resources, the subject was originally listed on [Redacted] for $[Redacted], then removed on [Redacted], and the application date is[redacetd] so the subject was NOT delisted prior to application. The required CDA has not been received yet. We have also requested the required motivation letter related to the recent listing. ***Prior Exception Request: Condo project is non-warrantable due to insufficient insurance coverage. |
Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elects to waive with compensating factors. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | ||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted] ): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] business days prior to consummation. | Reviewer Comment (2025-05-21): Client elects to waive. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TILA | TILA - Impermissible Prepayment Penalty | Truth in Lending Act (Dodd-Frank [Redacted]): Covered transaction contains impermissible prepayment penalty. | Covered transaction contains impermissible prepayment penalty. | Reviewer Comment (2025-05-30): Business purpose certificate received, exception cleared. Buyer Comment (2025-05-29): uploaded business purp cert Reviewer Comment (2025-05-27): Due to lender deal setting, the loan requires a business purpose cert. Buyer Comment (2025-05-22): Please see the attached exception approval, the approval requires the [Redacted] - please clear this cancel this condition as it is not valid due to the exception approval |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require [Redacted] or more Months | Ability to Repay (Dodd-Frank [Redacted]): Guidelines require [Redacted] or more consecutive months bank statements. | Guidelines require [Redacted] or more consecutive months bank statements. | Reviewer Comment (2025-05-30): Business purpose certificate received, exception cleared. |
05/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [Redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | File is missing the REO expenses verification documents for the Property @ [Redacted] | Reviewer Comment (2025-05-23): Received documents verified and associated. Exception cleared. Buyer Comment (2025-05-22): see attached |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing the REO expenses verification documents for the Property @[Redacted] | Reviewer Comment (2025-05-22): Exception cleared. Received documents and updated correctly. Buyer Comment (2025-05-22): see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | File is missing the REO expenses verification documents for the Property @ [Redacted] | Reviewer Comment (2025-05-23): Received documents verified and associated. Exception cleared. Buyer Comment (2025-05-22): see attached |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223390214 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: [Redacted] Rent Comparison Schedule not provided | The market rent analysis is not located in the file. | Reviewer Comment (2025-05-21): Received rent comparison schedule, Exception cleared. Buyer Comment (2025-05-20): 1007 |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223390588 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower requested exception for: Other - Requesting a Cash out refinance of a[Redacted] home. Our borrowers are requesting a cash out refinance of an owner - occupied manufactured home utilizing full documentation to qualify. Section [Redacted] does not provide an option for a cash out refinance. Exception has-been approved with compensating factor: Fico [Redacted] points or more above requirement. Long Term Homeownership (>[Redacted] years) |
The refinance has decreased the borrower's monthly debt payments by [Redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. Buyer Comment (2025-05-19): please clarify what is required or clear Reviewer Comment (2025-05-16): Client elected to waive exceptions with compensating factors. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223390588 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [Redacted] initial rate lock not provided in file. | Reviewer Comment (2025-05-20): [Redacted] rate lock received. Exception Cleared. Buyer Comment (2025-05-19): uploaded initial lock |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223390589 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-05-14): Sufficient Cure Provided At Closing |
05/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223390590 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted] ) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least [Redacted] businessdays prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-22): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2025-05-21): uploaded proof of [Redacted] appraisal delivered |
05/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 223390590 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Extension Fee $[Redacted] was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. | Reviewer Comment (2025-05-29): [Redacted] Received Valdi COC showing lock extended. Buyer Comment (2025-05-28): Please see COCs uploaded [Redacted] |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223390590 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. | Reviewer Comment (2025-05-29): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-28): Lender Credit of $[Redacted] on FCD (Doc ID [Redacted] ) under Section [Redacted] . Total Closing Costs. Please waive condition. |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223390590 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Escrow account mismatch due to simultaneous issue $[Redacted] | Reviewer Comment (2025-06-04): Client elects to waive without compensating factors. Reviewer Comment (2025-05-30): Escrow account mismatch due to simultaneous issue $[Redacted] paid by the seller. The Initial Escrow Account Disclosure Amount of $[Redacted] less than the sum of the escrow fees of $[Redacted] . Buyer Comment (2025-05-28): IEADS (Doc ID [Redacted] ) shows Escrow Balance of $[Redacted] ; Final CD (Doc ID [Redacted] ) shows Escrow Balance of $[Redacted] (Section [Redacted] ); Please waive. |
06/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223390590 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-29): Sufficient Cure Provided At Closing |
05/29/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223393874 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Mixed use property where residential part is not over [Redacted] %. Commercial sq ft and residential sq ft are the same, [Redacted]%. Owns current primary for [Redacted]Years. Has a [Redacted]Yr mortgage history on credit and a total credit history of [Redacted] Years with a couple of old rev [Redacted] days late. Assets [Redacted] leaving $[Redacted]-[Redacted]months for reserves. Compensating Factors: Mixed use residential unit square feet less than [Redacted]% | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-16): Client elected to waive exceptions with compensating factors. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223394472 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per [Redacted] primary REO [Redacted] Laird Rd P & I is $[Redacted] . Supporting document (statement, [Redacted] etc) needed to verify P&I. | Reviewer Comment (2025-05-27): Cleared. Updated P&I to reflect free and clear as indicated on CD showing mortgage loan was paid off at closing. Buyer Comment (2025-05-27): The figure is for the taxes & insurance expenses for their primary residence-borrowers paid off all of their debts prior to close, including mortgage on their primary residence, as evidenced by the mortgage being marked as paid off on the 1003. We still have to account for the TIA expenses for the other properties they own. Reviewer Comment (2025-05-20): The loan application and 1008 reflects an amount of $[Redacted] for additional expense related to [Redacted] . Please provide documentation to verify the additional expense(s). Buyer Comment (2025-05-19): Please see attached |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223394472 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Supporting doc to verify other payment amount. for [Redacted] [Redacted], [Redacted]Township, [Redacted] | Reviewer Comment (2025-05-27): Cleared. Received REO documentation. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223397165 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request for non-Warrantable condo due to ([Redacted]) characteristic. Condotel: 1) NOO is [Redacted]% [Redacted]) Fidelity Insurance has insufficient coverage. Required coverage of at least $ [Redacted]and HOA currently has $[Redacted]. unit is [Redacted] home so NOO ratio would not apply, however, it is pointed out in case owner occupancy changes to [Redacted]. Lender exception was approved with the following conditions: [Redacted]% LTV Max, [Redacted] DTI max, Subject to [Redacted] ***Unable to downgrade and waive due to subject is [Redacted] sqft however Unit must have a minimum [Redacted] square feet per guideline requirements. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Documentation Type: [Redacted]Full Doc Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elects to waive with compensating factors. Buyer Comment (2025-05-22): Please see [Redacted] pg [Redacted] showing approval for exception unit less than [Redacted] sq ft |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| 223397165 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted] ): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Copt of appraisal is required to be delivered to borrower within [Redacted] business days prior to closing. | Reviewer Comment (2025-05-23): Client elects to waive. Reviewer Comment (2025-05-22): Exception remains, missing acknowledgement evidence that borrower was received copy of Appraisal within [Redacted] business days prior to Closing. Provided Appraisal notice contains Appraisal delivered on [Redacted] which is post close date. Buyer Comment (2025-05-21): Delivery Receipt |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223397165 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower waived right to receive a copy of the appraisal at least [Redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing. | Copt of appraisal is required to be delivered to borrower within [Redacted] business days prior to closing. | Reviewer Comment (2025-05-22): Exception Cleared; Proof of Preliminary Appraisal delivery document is received. Buyer Comment (2025-05-21): April Receipt |
05/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223397165 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request for non-Warrantable condo due to ([Redacted]) characteristic. Condotel: 1) NOO is [Redacted]% [Redacted]) Fidelity Insurance has insufficient coverage. Required coverage of at least $ [Redacted] and HOA currently has $[Redacted]. unit is [Redacted] home so NOO ratio would not apply, however, it is pointed out in case owner occupancy changes to investment. Lender exception was approved with the following conditions: [Redacted]% LTV Max, [Redacted] DTI max, Subject to [Redacted]. ***Unable to downgrade and waive due to subject is [Redacted] sqft however Unit must have a minimum [Redacted] square feet per guideline requirements.*** | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Documentation Type: [Redacted]Full Doc Disposable Income: $[Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elects to waive with compensating factors. Buyer Comment (2025-05-21): Please cancel this cond as it appears to be a duplicate of [Redacted] |
05/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| 223397165 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject property is [Redacted] square feet however unit must have a minimum [Redacted] square feet per guideline requirements. | Reviewer Comment (2025-05-23): This was addressed in the lender exception approval. Condition cleared. Buyer Comment (2025-05-22): Please see exception approval showing <[Redacted] sq ft |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| 223397601 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Pest Inspection Fee of $[Redacted] was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. | Reviewer Comment (2025-05-26): [Redacted] received LOX for pest inspection. Buyer Comment (2025-05-23): LOX |
05/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223397700 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Additional [Redacted] month consecutive bank statement is missing.. | Reviewer Comment (2025-05-27): Received additional month bank statement which is meet the [Redacted] months requirement, Exception cleared. Buyer Comment (2025-05-23): Statement for Feb |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223397700 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Additional [Redacted] month consecutive bank statement is missing for both of these accounts. | Reviewer Comment (2025-05-27): Received additional month bank statement which is meet the [Redacted] months requirement, Exception cleared. Buyer Comment (2025-05-23): Second Buyer Comment (2025-05-23): Second statement for Feb |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223397700 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Per lender guides on departure residence for sale, the following is required but missing from the file: A letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale. | Reviewer Comment (2025-05-28): Cleared. Received listing documentation reflecting property is active on the market prior to closing. Reviewer Comment (2025-05-22): Final 1003 is reflecting [Redacted] Pending for Sale; Please provided supporting document to clear this condition. - Exception Remains. Buyer Comment (2025-05-21): Listing |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223413291 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted] ): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted] ) business days prior to consummation. | No evidence that borrower received a copy of appraisal [Redacted] business days to closing. | Reviewer Comment (2025-06-03): Client elects to waive. Reviewer Comment (2025-06-02): Document (doc #[Redacted] ) shows appraisal was sent on [Redacted] . It doesn't confirm appraisal receipt by borrower on [Redacted] Buyer Comment (2025-05-29): Receipt for [Redacted] Reviewer Comment (2025-05-29): Exception remains: The appraisal received date is [Redacted] after applying the mailbox rule, [Redacted] business days prior to closing would be [Redacted] , requirement not met. Provide proof of appraisal receipt by borrower on or before [Redacted] Buyer Comment (2025-05-27): Shows the borrowers emailed to borrowers address on the [Redacted] Reviewer Comment (2025-05-23): Exception remains, missing acknowledgement evidence that borrower was received copy of Appraisal within [Redacted] business days prior to Closing. Provided Appraisal notice contains only Appraisal sent to borrower on [Redacted] Buyer Comment (2025-05-22): Receipt |
06/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223413292 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank [Redacted] ): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted] | The file is missing the [Redacted] personal and business tax returns. The file contained a copy of the [Redacted] and [Redacted] [Redacted] 's and business returns. | Reviewer Comment (2025-05-21): Client elects to waive. Buyer Comment (2025-05-20): Please see extensions already in file and attached and waive. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223415471 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-05-30): Received Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-05-29): bp cert upld |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223415474 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: [Redacted] not provided | [Redacted] search for borrowing business entity is missing. | Reviewer Comment (2025-05-22): Received OFAC search for borrowing business entity. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-21): OFAC |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223415474 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in the file. | Reviewer Comment (2025-05-29): Received Business Purpose Certificate. Exception cleared. Buyer Comment (2025-05-28): Business Purpose Cert |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223415474 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Transfer of Deeds / Warranty / Grant / Quit-Claim to the subject owner in a purchase transaction is required. | Reviewer Comment (2025-05-30): Provided Deed of current transaction. Exception cleared. Buyer Comment (2025-05-29): Deed |
05/30/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223415560 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception at origination due to Section [Redacted]: [Redacted] Exception request for eligibility of subject property. The subject is a legally zoned [Redacted] bd/[Redacted] ba (above grade) SFR located in a rural area with [Redacted] acres, well water, and septic sewer. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-19): Client elects to waive with compensating factors. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223419537 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: [Redacted] not provided | [Redacted] search for borrowing business entity is missing. | Reviewer Comment (2025-05-22): Provided OFAC Search result for borrowing business entity. Exception cleared. Buyer Comment (2025-05-21): OFAC |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223419538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | [Redacted] Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section [Redacted]-m of the Banking Law. | Subprime Disclosure missing on file | Reviewer Comment (2025-05-21): Client elects to waive. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223419538 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] Subprime Home Loan Threshold Fixed Non-Compliant | [Redacted] Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]+ [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | PR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]+ [Redacted]%, or [Redacted]% | Reviewer Comment (2025-05-21): Client elects to waive. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223419538 | [Redacted] | [Redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Loan exceeds LTV and CLTV max allowed per guideline of [Redacted]% | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-29): Client elects to waive with compensating factors. Buyer Comment (2025-05-27): Exception Request w/ Comp Factors Reviewer Comment (2025-05-27): Unable to waive exception. Received lender exception approval however the lender exception request document with compensating factors is not located in the file. Buyer Comment (2025-05-22): Please see the attached exception approval for the LTV. |
05/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| 223419538 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Loan exceeds LTV and CLTV max allowed per guideline of [Redacted]% | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-29): Client elects to waive with compensating factors. Buyer Comment (2025-05-27): Exception Request w/ Comp Factors uploaded for review to other condition. Reviewer Comment (2025-05-27): Unable to waive exception. Received lender exception approval however the lender exception request document with compensating factors is not located in the file. Buyer Comment (2025-05-22): see attached ltv exception approval |
05/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| 223422115 | [Redacted] | [Redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Guideline Issue: non-occupant co-borrower. | - (Require user to enter explanation) | Co-borrower does not occupy subject however [Redacted] and AUS reflect both borrowers as occupants. | Reviewer Comment (2025-05-27): Non occupant borrower is acceptable for the subject transactions as per the guidelines. Exception cleared. Buyer Comment (2025-05-23): rebuttal |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422115 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Appraisal report dated[Redacted] missing evidence of receipt. | Reviewer Comment (2025-05-22): Proof of Appraisal delivery received. Details verified and updated. Exception cleared. Buyer Comment (2025-05-21): Receipt |
05/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422115 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Clarity calculated APR exceeds APR threshold of [Redacted]% | Reviewer Comment (2025-05-22): Proof of Appraisal delivery received. Details verified and updated. Exception cleared. Buyer Comment (2025-05-21): receipt |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422115 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2025-05-22): Proof of Appraisal delivery received. Details verified and updated. Exception cleared. Buyer Comment (2025-05-21): Receipt |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422115 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted] due to Increase of Extension Fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-05-28): [Redacted] received valid COC dated [Redacted] Buyer Comment (2025-05-27): COC and Rebuttal |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223422120 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Bank Statement covering a [Redacted] -month period is provided., Bank Statement covering a [Redacted] -month period is required. | Reviewer Comment (2025-05-29): Received [Redacted] month bank statement for account #[Redacted] . Exception cleared. Buyer Comment (2025-05-28): [Redacted] through [Redacted] , over [Redacted] days Buyer Comment (2025-05-28): [Redacted] [Redacted] through [Redacted] [Redacted] , over [Redacted] days Buyer Comment (2025-05-28): March stmnt |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223422123 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | ACH was missing from file. | ACH is required for foreign national borrower as per the provided guidelines. | Reviewer Comment (2025-05-23): ACH is received. Exception cleared. Buyer Comment (2025-05-22): ACH |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NM | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223422126 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-27): Final title policy received, exception cleared. Buyer Comment (2025-05-23): uploaded updated title policy |
05/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223422126 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-05-27): Final title policy received, exception cleared. |
05/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223422126 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Supporting document for Other/HOA payment $[Redacted]not provided | Reviewer Comment (2025-05-23): Property is manufactured home, Zillow shows no HOA, additional payment of $[Redacted] removed from 1003, exception cleared. Buyer Comment (2025-05-22): No HOA. Manufactured Home with no HOA. See zillow print out. Took $[Redacted] out. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422126 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Supporting document for Other/HOA payment $[Redacted] not provided | Reviewer Comment (2025-05-23): Private mortgage note and payment checks received. Buyer Comment (2025-05-22): $[Redacted] payment is a private mortgage |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422132 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing the borrower's most recent [Redacted] month rental history. | Reviewer Comment (2025-05-23): Received required documentation. Condition cleared. Buyer Comment (2025-05-21): vor docs upld |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223422223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Provide the appraisal waiver. | Reviewer Comment (2025-05-22): Client elects to waive. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223422223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of revised valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Provide the appraisal waiver. | Reviewer Comment (2025-05-22): Client elects to waive. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223422223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided and no valid COC provided. | Reviewer Comment (2025-05-19): Sufficient Cure Provided At Closing |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223422223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided and no valid COC provided. | Reviewer Comment (2025-05-19): Sufficient Cure Provided At Closing |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223422223 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for to purchase a primary residence utilizing bank statement to qualify at [Redacted]% LTV and [Redacted]credit score. Exhibit B require a [Redacted] score to qualify for [Redacted]% LTV up to $[Redacted] . Comments from the LO: Minimum FICO for [Redacted] months BS [Redacted]% LTV is [Redacted]. Borrower middle score is [Redacted] so asking for an exception for credit score to go [Redacted]% LTV. Lender exception was approved with the following conditions: Max [Redacted]% LTV, Borrower to provide evidence to support [Redacted] months reserves for subject in addition to meeting reserve guidelines for REO | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted]years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| 223422848 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | No cure and no valid COC provided. | Reviewer Comment (2025-06-04): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-06-03): LOX, PCCD, [Redacted], [Redacted] Copy |
06/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 223422881 | [Redacted] | [Redacted] | XXXX | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a [Redacted] Citizen, and the guideline required documentation was not provided. | - | Borrowers is not a [Redacted] Citizen, supporting document for Non-Permanent Resident not provided. | Reviewer Comment (2025-05-22): Employment Authorization document provided and associated for non-[Redacted]citizenship. Exception cleared Buyer Comment (2025-05-22): Please see attached and [Redacted] |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422881 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted] Error: Citizenship Source Documentation was not provided | - | Borrowers is not a [Redacted] Citizen, supporting document for Non-Permanent Resident not provided. | Reviewer Comment (2025-05-22): Employment Authorization document provided and associated for non-[Redacted]citizenship. Exception cleared Buyer Comment (2025-05-22): See Uploads |
05/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223422881 | [Redacted] | [Redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-[Redacted]Citizen Status not provided | Borrowers is not a [Redacted] Citizen, supporting document for Non-Permanent Resident not provided. | Reviewer Comment (2025-05-22): Employment Authorization document provided and associated for Non-[Redacted]citizenship. Exception cleared. Buyer Comment (2025-05-22): See Upload |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223422890 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Low Loan Amount Exception Approved. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223422890 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: Landlord waiver 'Exception Approved. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223422890 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request: [Redacted] lesser than [Redacted] . Exception Approved. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-20): Client elects to waive with compensating factors. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223423038 | [Redacted] | [Redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $[Redacted]. | Reviewer Comment (2025-05-23): Replacement cost updated. Exception cleared. Buyer Comment (2025-05-22): Please see [Redacted]pg [Redacted]showing dwelling coverage is on Replacement Cost Loss Settlement Basis. Please cancel condition. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 223423515 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-Sign Consent Agreement is not provided. | Reviewer Comment (2025-05-23): E-Sign Consent Agreement received & associated. Exception cleared. Buyer Comment (2025-05-22): E consent |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223423515 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide document to verify HOA of $[Redacted] | Reviewer Comment (2025-05-29): HOA removed as per revised 1003, exception cleared. Buyer Comment (2025-05-28): underwriter removed HOA |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223423515 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-29): Client elects to waive. Reviewer Comment (2025-05-27): As per Primary Appraisal the report date is [Redacted]. Appraisal delivery receipt is missing for this date. Exception remains. Buyer Comment (2025-05-22): No appraisal done on the [Redacted] |
05/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223425915 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted] due to increase of recording fee and Title Ab[Redacted]act/Search fees. . | Reviewer Comment (2025-05-28): [Redacted] received Post CD and LOX. Buyer Comment (2025-05-27): PCCD and LOX |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223425915 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent and Other). Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Attorney's Fee (Closing Agent and Other) $[Redacted] was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. | Reviewer Comment (2025-05-28): [Redacted] received Post CD and LOX. Buyer Comment (2025-05-27): PCCD and LOX |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223427532 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: [Redacted] not provided | The [Redacted] search results were not located in the file for the borrowing entity | Reviewer Comment (2025-05-23): Received OFAC search. Exception Cleared. Buyer Comment (2025-05-22): OFAC |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223427545 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing | Reviewer Comment (2025-05-29): Received Business Purpose Certificate. Exception cleared. Buyer Comment (2025-05-28): Business Purpose Cert |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223427549 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | [Redacted]is pending a contingency sale. A current mortgage statement is required or an exterior appraisal to exclude the payment is required. | Reviewer Comment (2025-05-30): Received current month mortgage statement for the property [Redacted]" Exception cleared. Buyer Comment (2025-05-29): mtg stmnt |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223427559 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final title policy is missing in the file. | Reviewer Comment (2025-05-29): Received Final Title policy with correct policy amount, information validated. Exception Cleared. |
05/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223427559 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. | Reviewer Comment (2025-05-29): Received Final Title policy with correct policy amount, information validated. Exception Cleared. Buyer Comment (2025-05-28): final policy w/ insured amt upld |
05/29/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223427569 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-20): Sufficient Cure Provided At Closing |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | A | B | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223427569 | [Redacted] | [Redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed $[Redacted] of title insurance coverage; however this is less than the loan amount of $[Redacted]. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-29): Title document received and details updated. Exception cleared. Buyer Comment (2025-05-28): Policy |
05/29/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223428282 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] Subprime Home Loan Threshold Greater than [Redacted] Year ARM Compliant | [Redacted]Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + [Redacted]%, or [Redacted]%. Compliant SubPrime Loan. | Reviewer Comment (2025-05-27): Client elects to waive. |
05/27/2025 | 1 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| 223428282 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Our borrowers are requesting to purchase a primary residence utilizing full documentation to qualify with a [Redacted] housing payment history. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-27): Client elects to waive. Buyer Comment (2025-05-27): Please clear or advise what is still required, thank you! Reviewer Comment (2025-05-22): Client elected to waive exceptions with compensating factors. |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| 223428284 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Review Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-28): [Redacted] received valid COC dated [Redacted] Buyer Comment (2025-05-27): UCDP and COC |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223428284 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-05-28): Sufficient cure provided at closing. Buyer Comment (2025-05-27): Lender credit given on Final CD for credit report fee, please cancel |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223428284 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2025-05-28): Sufficient Cure Provided At Closing |
05/28/2025 | 1 | A | A | A | A | A | WA | Second Home | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223428296 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Approval in file to allow for using actual rental amount as opposed to market rent. Only [Redacted] month of rental income has been received. Exception requirements are Max [Redacted] % LTV, Min [Redacted] [Redacted], Copy of Executed Lease, Verification of [Redacted] month rent and security deposit. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-20): Client elected to waive exceptions with compensating factors. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223428297 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted] ): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-28): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-27): Appraisal |
05/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223428297 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2025-05-28): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-27): appraisal uploaded |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223428297 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-28): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-05-27): Appraisal uploaded |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223428297 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-28): E-Sign Consent Agreement received. Exception cleared. Buyer Comment (2025-05-27): E Consent |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223428299 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing in file | Reviewer Comment (2025-05-23): E-sign Consent Agreement received, exception cleared. Buyer Comment (2025-05-22): E Consent |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223428299 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Borrower provided appraisal waiver less than [Redacted]([Redacted]) business days prior to consummation. | Borrower provided appraisal waiver less than [Redacted] ([Redacted]) business days prior to consummation. | Reviewer Comment (2025-05-30): Client elects to waive. Reviewer Comment (2025-05-27): The appraisal waiver is signed by the borrower on [Redacted] which is less than three business days prior to consummation, [Redacted] Buyer Comment (2025-05-22): Borrower waived right and appraisal receipt confirmed by borrower, please cancel |
05/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223428300 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-06-03): COC provided Buyer Comment (2025-06-02): Rebuttal |
06/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223428321 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted] % or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-20): Sufficient Cure Provided At Closing |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | A | B | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223428321 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-23): Supplemental report received, exception cleared. Buyer Comment (2025-05-22): Supplement |
05/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223428326 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA verification document is missing in the file. | Reviewer Comment (2025-05-27): HOA document is provided exception cleared. Buyer Comment (2025-05-23): attached |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 223428375 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-05-27): Received Articles of Organization/Formation document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-23): LLC docs |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428375 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file. | Reviewer Comment (2025-05-27): Received Certificate of Good Standing document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-23): LLC DOCS |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428375 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in file. | Reviewer Comment (2025-05-27): Received Corporate Resolution document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-23): LLC DOCS |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428375 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in file. | Reviewer Comment (2025-05-27): Received Employer Identification Number (EIN) document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-23): LLCD DOCS Buyer Comment (2025-05-23): LLCS DOCS |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428375 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-05-27): Received Operating Agreement for business entity. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-23): LLC DOCS |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428375 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | File is missing the currency conversion figures for the [Redacted] [Redacted] account [Redacted] | Reviewer Comment (2025-05-29): Cleared. Received currency conversion. Buyer Comment (2025-05-27): Conversion |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428423 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of organization/formation is missing in file. | Reviewer Comment (2025-05-23): Received Articles of Organization/Formation. Exception Cleared. Buyer Comment (2025-05-22): AOO |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428423 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of good standing is missing in file. | Reviewer Comment (2025-05-23): Received Certificate of Good Standing. Exception Cleared. Buyer Comment (2025-05-22): COO |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428423 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate resolution is missing in file. | Reviewer Comment (2025-05-23): Received Corporate Resolution. Exception Cleared. Buyer Comment (2025-05-22): Resolution |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223428423 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating agreement is missing in file. | Reviewer Comment (2025-05-27): Received operating and trust agreement. Exception Cleared Buyer Comment (2025-05-23): Family Trust Reviewer Comment (2025-05-23): Received operating agreement however require [Redacted] document to verify the ownership percentage of the individual. Exception remains. Buyer Comment (2025-05-22): Operating Agreement |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223429591 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was disclosed as $[Redacted] on LE and was disclosed as $[Redacted] on Final [Redacted] . No valid COC provided and no cure disclosed on [Redacted] . | Reviewer Comment (2025-05-26): [Redacted] Received supporting documents for rounded off amount along with supporting comments on the exception. Buyer Comment (2025-05-23): itemization snapshot upld - actual credit rpt fee disclosed $[Redacted], le used rounding on cents, cure of $[Redacted] on final cd, sect j is sufficient to clear cond. |
05/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223429591 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-02): Sufficient Cure Provided At Closing |
06/02/2025 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223429602 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] HPML Threshold Test Compliant | [Redacted] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted] % is equal to or greater than the threshold of APOR [Redacted] % + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | Reviewer Comment (2025-06-03): Client elects to waive. |
06/03/2025 | 2 | B | B | B | B | B | MA | Primary | Purchase | No obvious cure | A | B | A | A | A | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 223429608 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for unable to document full [Redacted] months mortgage history for non subject property. Primary residence previous private party lender who was paid off in may [Redacted] went out of business and borrower bank account used to pay this lender is closed. Current mortgage is [Redacted] from origination date thru present. broker provided VOM from previous private party lender from April [Redacted] . LTV is at [Redacted]% below [Redacted]% max. [Redacted] is [Redacted]which is .[Redacted] higher than minimum required. Borrower provided savings account verifying over [Redacted] months reserves - [Redacted] months required. This refinance is paying off a con[Redacted]uction/balloon note to [Redacted] fixed. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Debt Service Coverage Ratio ([Redacted]) is greater than the guideline requirement by .[Redacted]. |
Debt Service Coverage Ratio: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-21): Client elected to waive exceptions with compensating factors. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| 223431651 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial [Redacted] rate lock document is missing in file. | Reviewer Comment (2025-06-03): Client elects to waive. Reviewer Comment (2025-05-30): Exception remains: Initial Rate lock date is not provided in the provided document. Provide document which has a lock requested data and the rate lock percentage. Buyer Comment (2025-05-29): Initial Rate lock Reviewer Comment (2025-05-29): Provided Rate lock document does not reflect Lock requested/Rate lock date also interest rate mismatch, Exception Remains. Buyer Comment (2025-05-27): lock |
06/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223431651 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank [Redacted] ): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted] Tax Return Due Date [Redacted]. | Most recent tax return transcript is missing in file. | Reviewer Comment (2025-05-28): Client elects to waive. Buyer Comment (2025-05-27): [Redacted] |
05/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223431651 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank [Redacted] ): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. | Most recent tax return transcript is missing in file. | Reviewer Comment (2025-05-28): Client elects to waive. Buyer Comment (2025-05-27): [Redacted] |
05/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| 223431701 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation missing in loan file. | Reviewer Comment (2025-05-29): Provided Articles of Organization of borrowing business entity. Exception cleared. Buyer Comment (2025-05-28): LLC DOCS |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223431701 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate missing in loan file. | Reviewer Comment (2025-05-30): Business Purpose Certificate is provided. Exception Cleared. Buyer Comment (2025-05-29): Business Purpose cert. |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223431701 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing missing in loan file. | Reviewer Comment (2025-05-29): Provided Certificate of Good Standing of borrowing business entity. Exception cleared. Buyer Comment (2025-05-28): LLC docs |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223431701 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate resolution missing in loan file. | Reviewer Comment (2025-05-29): Provided corporate resolution of borrowing business entity. Exception cleared. Buyer Comment (2025-05-28): LLC DOCS |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223431701 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement missing in loan file. | Reviewer Comment (2025-05-29): Provided operating agreement of borrowing business entity. Exception cleared. Buyer Comment (2025-05-28): LLC DOCS |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223431708 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | State Compliance | State HPML | [Redacted] HPML Threshold Test Compliant | [Redacted] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | Reviewer Comment (2025-05-29): Client elects to waive. Buyer Comment (2025-05-27): initial lock upld |
05/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| 223431813 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for borrower purchasing primary residence, requesting LTV to [Redacted] %, Max is [Redacted] % due to chapter [Redacted] BK discharge <[Redacted] years ago ([Redacted]). No derogatory credit since BK, minimal of debt, currently renting -requesting VOR, [Redacted] residual income, Low DTI, [Redacted] months reserves. Lender exception was approved with conditions [Redacted] % LTV Max, [Redacted] Max, VOR [Redacted], subject to [Redacted] for BK recent credit event | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elects to waive with compensating factors. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223431848 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [Redacted] ): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Verification appraisal was delivered to borrower was not provided prior to [Redacted] ([Redacted]) business days of closing. | Reviewer Comment (2025-05-29): Proof of appraisal delivery received, exception cleared. Buyer Comment (2025-05-28): receipt for appraisal showing sent to borrower and and seen by borrower on right corner |
05/29/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223431848 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for Non-warrantable condo due to[Redacted] [Redacted] [Redacted] , and No Reserve Contributions. Lender exceptions with counteroffered (LTV)-Maximum [Redacted] % LTV, Maximum DTI [Redacted] , Reserves requirement to be met as within signature Expanded UW guidelines, Utilize the lesser of the fair market rents of the current rents, [Redacted], Minimum [Redacted] -year [Redacted], or as applicable per state re[Redacted]iction | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted]months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted] % and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elects to waive with compensating factors. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Purchase | B | B | B | B | B | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223431852 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-21): Sufficient Cure Provided At Closing |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223431908 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Approved to allow [Redacted] members in the [Redacted] which exceeds guidelines cap of [Redacted]. Min [Redacted] of [Redacted] and min [Redacted] years [Redacted] is required. | Seasoned Borrower/Investor whose experience exceeds [Redacted]completed projects. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elects to waive with compensating factors. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-06-02): Exception Cleared, Title Preliminary Supplemental policy is received. Buyer Comment (2025-05-30): Proposed Insured |
06/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Miscellaneous Compliance | Compliance | TRID Error: Cash at settlement from or to borrower is blank. | - | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Final CD |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Amount Financed. | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure APR | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the APR. | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on[Redacted] did not disclose whether the loan will have an escrow account. | Received Incomplete closing disclosure dated [Redacted] contains only the [Redacted] page [Redacted]& [Redacted]pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Finance Charge. | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Incomplete | TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was not signed by borrower and can be excluded from testing if it was never provided to the borrower. In order to exclude Incomplete Closing Disclosure from testing, please provide attestation from lender referencing the specific Closing Disclosure that was not provided to the borrower. | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate) | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Negative Amortization | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on[Redacted] incorrectly disclosed whether the loan contains Negative Amortization. | Received Incomplete closing disclosure dated[Redacted], contains only the [Redacted] page [Redacted]& [Redacted]pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page [Redacted] . | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted] & [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received Seller CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Disclosures | Unable to determine if the Other Disclosures section of the Final Closing Disclosure provided on ([Redacted]) was completed as expected due to missing information. | Received Incomplete closing disclosure dated [Redacted] contains only the [Redacted] page [Redacted]& [Redacted]pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Partial Payments | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted] page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Costs Year [Redacted] Underdisclosed - [Redacted] [Redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [Redacted] of on Final Closing Disclosure provided on[Redacted]are underdisclosed | Received Incomplete closing disclosure dated [Redacted] contains only the [Redacted] page [Redacted] & [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received Final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Security Interest | Unable to determine if the Closing Disclosure provided on ([Redacted] disclosed a security interest address that was materially different than the collateral address. | Received Incomplete closing disclosure dated [Redacted] contains only the [Redacted] page [Redacted] & [Redacted]pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted] did not disclose the Total of Payments. | Received Incomplete closing disclosure dated [Redacted], contains only the [Redacted]page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. | Received Incomplete closing disclosure dated[Redacted], contains only the [Redacted] page [Redacted]& [Redacted] pages are missing. | Reviewer Comment (2025-05-29): [Redacted] received complete final CD. Buyer Comment (2025-05-28): Please see final CD uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2025-06-02): Exception Cleared; Proof of Appraisal delivery document is received. Buyer Comment (2025-05-29): Delivery Receipt |
06/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | File is missing evidence of the bridge loan. | Reviewer Comment (2025-06-03): Received final CD. Condition cleared. Buyer Comment (2025-06-03): CD from Bridge Loan |
06/03/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted] ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Failure due to missing evidence of borrowers receipt of the bridge loan funds. | Reviewer Comment (2025-06-03): Received final CD. Condition cleared. Buyer Comment (2025-06-03): Please see CD from bridge loan uploaded today |
06/03/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223432223 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing [Redacted] or more guideline components, the loan is at ATR risk. | Failure due to missing evidence of borrowers receipt of the bridge loan funds. | Reviewer Comment (2025-06-03): Received final CD. Condition cleared. Buyer Comment (2025-06-03): Please see CD from bridge loan uploaded today |
06/03/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 223432235 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Executed deed transferring ownership to Borrower is missing from the file. Final title is not provided to verify transfer of ownership. | Reviewer Comment (2025-05-28): Provided executed warranty deed. Exception cleared. Buyer Comment (2025-05-27): warranty deed |
05/28/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223432248 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing the most recent [Redacted] month pay history for the borrowers primary mortgage with [Redacted] | Reviewer Comment (2025-05-30): Cleared. Mortgage is reflected on the credit report Buyer Comment (2025-05-28): Please see [Redacted]pg [Redacted]for Pay History for [Redacted]showing no lates. |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223432264 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-05-30): E-Sign Consent Agreement received & associated. Exception cleared. Buyer Comment (2025-05-29): See attached |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223432264 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank [Redacted] ): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-05-30): List of Homeownership Counseling received & associated. Exception cleared. Buyer Comment (2025-05-29): See attached |
05/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 223432264 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[Redacted] exceeds tolerance of $-[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-21): Sufficient Cure Provided At Closing |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 223432264 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redacted] prior to [Redacted] ([Redacted] ) business days from transaction date of [Redacted] | Reviewer Comment (2025-06-02): Received final ALT statement Buyer Comment (2025-05-29): Please see attached FSS, loan disbursed on [Redacted] |
06/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223432265 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted] but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-06-03): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-06-02): final CD reflects [Redacted]for [Redacted] increase [Redacted]to [Redacted]LC $[Redacted] |
06/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223432265 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [Redacted] ([Redacted]) business days prior to closing. | Revised Loan Estimate provided on[Redacted] not received by borrower at least [Redacted] ([Redacted]) business days prior to closing | Reviewer Comment (2025-05-28): [Redacted] received proof of receipt. Buyer Comment (2025-05-27): LE and Disclosure |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| 223432265 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-03): Sufficient Cure Provided At Closing |
06/03/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 223432290 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Statement, Tax and Insurance is not provided. | Reviewer Comment (2025-05-28): Closing disclosure received for Reo property - [Redacted]. Details verified and document associated. Exception cleared. Buyer Comment (2025-05-27): Closing Disclosure |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223432290 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is missing in the file. | Reviewer Comment (2025-05-28): Approval and 1008 associated. Exception cleared. Buyer Comment (2025-05-27): Approval |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223432295 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception requested and approved for not meeting tradeline requirement. Borrower has [Redacted] tradelines opened in past [Redacted] month; all alternative credit is from Columbia and unable to fully document. Exception conditions include Min [Redacted] [Redacted], Max [Redacted] % LTV, Min [Redacted] yr [Redacted], Executed document for potential post-closing inspection to verify occupancy. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elected to waive exceptions with compensating factors. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223432295 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for lack of experience is approved and documentation in file. Borrower is a FTHB purchasing Investment property. Requirements are Min [Redacted] [Redacted], Max [Redacted]% LTV, Min [Redacted] yr [Redacted], Executed document for potential post-closing inspection to verify occupancy. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elected to waive exceptions with compensating factors. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223432295 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for FTHB purchasing Investment property is approved and documentation in file. Requirements are Min [Redacted] [Redacted], Max [Redacted]% LTV, Min [Redacted] yr [Redacted], Executed document for potential post-closing inspection to verify occupancy. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-23): Client elected to waive exceptions with compensating factors. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| 223434380 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number not provided. | Reviewer Comment (2025-05-28): Received Employer Identification Number (EIN) for business entity. Exception cleared. Buyer Comment (2025-05-27): EIN |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223434380 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement not provided. | Reviewer Comment (2025-05-28): Received executed operating agreement for business entity. Exception cleared. Buyer Comment (2025-05-27): Operating Agreement |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223434380 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation not provided. | Reviewer Comment (2025-05-28): Received Articles of Organization/Formation for business entity. Exception cleared. Buyer Comment (2025-05-27): AOO |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223434475 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing. | Reviewer Comment (2025-05-28): Received Employer Identification Number (EIN) document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-27): See attached |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223434475 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-05-28): Received Articles of Organization/Formation document. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-27): see attached |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223434576 | [Redacted] | [Redacted] | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing on file | Reviewer Comment (2025-05-28): E-sign Consent Agreement received & associated. Exception cleared. Buyer Comment (2025-05-27): econsent |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223434576 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA missing on file | Reviewer Comment (2025-05-29): HOA verification received & associated. Exception cleared. Buyer Comment (2025-05-28): HOA |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223434576 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal receipt missing on file | Reviewer Comment (2025-05-28): Appraisal delivery receipt received & associated. Exception cleared. Buyer Comment (2025-05-27): appraisal delivery |
05/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223434576 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid change of circumstance for this fee, Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2025-05-21): Sufficient Cure Provided At Closing |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | B | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223441243 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted] % tolerance was exceeded by $[Redacted] due to Increase of Appraisal Fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-05-22): Sufficient Cure Provided At Closing |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223441361 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to increase of recording fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-06-04): Sufficient cure provided at closing Buyer Comment (2025-06-02): Lender Credit given on final CD per the recording fee increase//Invalid condition. Please clear |
06/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223441361 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Desk Review Fee $[Redacted] was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. | Reviewer Comment (2025-06-04): [Redacted] received valid COC dated[Redacted] Buyer Comment (2025-06-02): COC |
06/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223441361 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted] % or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2025-06-04): Sufficient Cure Provided At Closing |
06/04/2025 | 1 | A | A | A | A | A | OR | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 223441428 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-05-30): Received Articles of Organization/Formation for business entity. Exception cleared. Buyer Comment (2025-05-29): llc docs upld |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223441428 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing. | Reviewer Comment (2025-05-30): Received Certificate of Good Standing for business entity. Exception cleared. Buyer Comment (2025-05-29): llc docs upld to trl docs |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223441428 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution signed by all the members of the borrowing business entity is missing from the file. | Reviewer Comment (2025-05-30): Received corporate resolution signed by all members. Exception cleared. Buyer Comment (2025-05-29): llc docs upld to trl docs |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223441428 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-05-30): Received executed operating agreement for business entity. Exception cleared. Buyer Comment (2025-05-29): llc docs upld to trl docs |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223441428 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | OFAC Search - [Redacted] s missing. | Reviewer Comment (2025-05-30): Received OFAC for borrowing entity. Exception cleared. Buyer Comment (2025-05-29): [Redacted]ofac |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TN | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| 223441428 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file and approved for Foreign national [Redacted]. [Redacted]% max LTV allowed for vacant recently renovated property. Borrower purchased property in [Redacted]-No [Redacted] credit. Conditions are Min [Redacted] [Redacted], Max [Redacted] % LTV. | The qualifying [Redacted] on the loan is greater than the guideline minimum. | The [Redacted] of [Redacted]is greater than the minimum required [Redacted] of [Redacted] | SitusAMC,Aggregator | Reviewer Comment (2025-05-27): Client elects to waive with compensating factors. |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||
| 223441625 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing | Reviewer Comment (2025-05-30): Received Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-05-29): Business Purpose |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223441641 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2025-05-30): Appraisal delivery confirmation document received, Exception Cleared. Buyer Comment (2025-05-28): appraisal delivery |
05/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223441642 | [Redacted] | [Redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Bank statement from [Redacted] with Account number #[Redacted]is not located in the file. | Reviewer Comment (2025-05-29): Exception cleared - Received Bank statement and updated clarity as required. Buyer Comment (2025-05-28): Assets |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223441642 | [Redacted] | [Redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Bank statement from [Redacted] with Account number #[Redacted]is not located in the file. | Reviewer Comment (2025-05-29): Exception cleared - Received Bank statement and updated clarity as required. Buyer Comment (2025-05-28): Please see asset statements uploaded today |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223441787 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The OFAC for the borrowing entity is not located in the file. | Reviewer Comment (2025-05-28): Received OFAC for the borrowing entity. Verified and updated details. Exception Cleared. Buyer Comment (2025-05-28): OFAC |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223443803 | [Redacted] | [Redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [Redacted] Error: Citizenship Source Documentation was not provided | - | Borrower is Permanent Resident Alien, file does not have permanent resident alien document. | Reviewer Comment (2025-06-04): Received evidence primary borrower is a [Redacted]Citizen. Condition cleared. Buyer Comment (2025-06-04): bwr1 passport and revised 1003 upld Reviewer Comment (2025-06-02): Required source document - Passport, Resident Alien Card, Employment Authorization, VISA for Borrower ([Redacted]) is Permanent Resident Alien. Provided document is for co-borrower. Exception remains. Buyer Comment (2025-05-30): resident alien card upld |
06/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223443803 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [Redacted] ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Provided e-consent date of[Redacted] which is after the loan estimate e-signature date of [Redacted]. Required valid e-sign document. | Reviewer Comment (2025-05-30): [Redacted] received e-consent dated [Redacted] Buyer Comment (2025-05-29): econsent upld |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223444773 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [Redacted] business days of the Note. | - | Borrower current employment verification within [Redacted] business days to the note is missing. | Reviewer Comment (2025-05-29): VVOE provided. Reviewer Comment (2025-05-28): Please provide VOE of co-borrower for [Redacted], Exception remains. Buyer Comment (2025-05-27): VOE |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223444773 | [Redacted] | [Redacted] | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The Verification of employment is not within [Redacted] business days. | Reviewer Comment (2025-05-29): VVOE provided. Reviewer Comment (2025-05-28): Please provide VOE of co-borrower for [Redacted] Exception remains. Buyer Comment (2025-05-27): VOE |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223446505 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Reviewer Comment (2025-06-02): Received corrected IEAD Buyer Comment (2025-06-02): IEAD&FPL Reviewer Comment (2025-05-30): Exception remains: It is disclosed as $[Redacted] in the post close CD issued on [Redacted] which is not matching with the amount $[Redacted]disclosed in the Initial escrow account statement Buyer Comment (2025-05-29): IEAD and CD is matching please clear |
06/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CT | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | |||||||||
| 223448310 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID [Redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-22): Sufficient Cure Provided At Closing |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 223448310 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | The Lender exception -our Borrower is requesting a cash out refinance of a primary residence utilizing bank statement to qualify with a [Redacted] -credit score. Exhibit B requires a minimum of [Redacted]. Lender exception with counteroffer (LTV [Redacted] %). Maximum [Redacted]% LTV, Maximum DTI [Redacted] Document most recent consecutive mortgage history [Redacted][Redacted], Reserve requirements to be met within Expanded UW guideline requirements, The Loan is currently on [Redacted] Freddie Mac Conforming [Redacted] year Fixed Plus and will need to be switched to signature expanded program | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted]years. |
Documentation Type: [Redacted] Bank Statement Disposable Income: $[Redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-27): Client elected to waive exceptions with compensating factors. |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 223448310 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-30): Proof of Appraisal delivery report is received in file and information updated. Exception Cleared. Buyer Comment (2025-05-29): uploaded proof of [Redacted] appraisal delivery |
05/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223448310 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [Redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-30): Proof of Appraisal delivery report is received in file and information updated. Exception Cleared. Buyer Comment (2025-05-29): see uploaded appraisal delivery proof for [Redacted] appraisal |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223448310 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower [Redacted] business days prior to closing was not provided. | Reviewer Comment (2025-05-30): Proof of Appraisal delivery report is received in file and information updated. Exception Cleared. Buyer Comment (2025-05-29): see uploaded appraisal delivery proof for[Redacted] appraisal |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 223448514 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested: Requesting to permit a [Redacted]% LTV-[Redacted] credit score. . Lender exception was approved with the following conditions: Maximum [Redacted]% LTV, Maximum DTI [Redacted], Reserve to be met as within Expanded UW Guidelines, Provide signed and dated motivation letter from applicant for second Home Purchase | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
Loan to Value: [Redacted]% Guideline Maximum Loan to Value: [Redacted]% |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-28): Client elects to waive with compensating factors. |
05/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223448514 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception approved: Our [Redacted] time homebuyer living rent free is requesting to purchase exception for residence. Section [Redacted] Re[Redacted]icts a FTHB living rent free to a primary residence. Lender exception was approved with the following conditions: Maximum [Redacted]% LTV, Maximum DTI [Redacted], Reserve to be met as within Expanded UW Guidelines, Provide signed and dated motivation letter from applicant for second Home Purchase | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
Loan to Value: [Redacted]% Guideline Maximum Loan to Value: [Redacted]% |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-28): Client elects to waive with compensating factors. |
05/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 223448606 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Provide verification of rent (VOR) to verify prior housing history | Reviewer Comment (2025-05-29): VOR received and updated. Exception cleared Buyer Comment (2025-05-28): See attached |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 223457312 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2025-06-02): Client elects to waive. Buyer Comment (2025-06-02): [Redacted] Reviewer Comment (2025-06-02): Received evidence of appraisal delivery for Appraisal Report dated [Redacted] but the Appraisal Report is not delivered to borrower [Redacted] business days prior to consummation. Also, Preliminary Appraisal Report which was sent to borrower on [Redacted] is missing in file. Exception remains. Buyer Comment (2025-05-30): Appraisal sent |
06/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||
| 223457459 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is needed due to section [Redacted] unacceptable property type. Exception request for eligibility of subject property. The subject is a [Redacted] unit multi family with ADU. The subject has legal non confirming zoning; however, the appraiser confirmed that the subject should be able to be rebuilt, as variances are typically granted. Both units are [Redacted] bd/ba, and the ADU is [Redacted] bd/ba. Per the appraiser, per the building department, the ADU is for owner use only, and cannot be legally rented out. | Borrower has owned the subject property for at least [Redacted]years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-30): Client elects to waive. Reviewer Comment (2025-05-29): Client elects to waive with compensating factors. |
05/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223457587 | [Redacted] | [Redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request on Bank Statement Loan with [Redacted] or no FICO score. section [Redacted] Applicant s with one or no FICO scores Applicant with [Redacted] FICO score due solely to a lack of history may be eligible subject to the following limited . Full document underwrites only. primary residences only. Purchase or rate /term refinances only. Lender exception was approved with conditions: [Redacted] % LTV MAX, [Redacted] DTI MAX, Borrower to provide [Redacted] ALT Tradeline [Redacted] [Redacted], Borrower to have an acceptable EAD/VISA status, UW to review and approved an acceptable explanation for the decline in income , VOR [Redacted][Redacted] | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted]years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-29): Client acknowledges exception, which is informational only and does not impact grading |
05/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 223457866 | [Redacted] | [Redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-06-02): Final Title Policy document received. - Exception Cleared. |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | B | A | B | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223457866 | [Redacted] | [Redacted] | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Title Preliminary Report in the file doesn't disclose the total Policy coverage amount. Provide evidence of title with sufficient policy coverage. | Reviewer Comment (2025-06-02): Final Title Policy document received. - Exception Cleared. Buyer Comment (2025-06-02): uploaded updated title work |
06/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | B | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 223457866 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] businessdays prior to consummation. | Reviewer Comment (2025-06-02): Appraisal Receipt received and verified. Exception cleared Buyer Comment (2025-05-30): uploaded proof of [Redacted] appraisal delivered |
06/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | B | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223457866 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] businessdays prior to consummation. | Reviewer Comment (2025-06-02): Appraisal Receipt received and verified. Exception cleared Buyer Comment (2025-05-30): uploaded proof of [Redacted] appraisal delivered |
06/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | B | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 223458983 | [Redacted] | [Redacted] | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant [Redacted] ([Redacted]) business days prior to consummation. | Documentation in file indicates appraisal was provided to the borrower on [Redacted] which was not at least business days prior to closing and the file did not contain a timing waiver. | Reviewer Comment (2025-05-30): Client elects to waive. |
05/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | Exempt from ATR | No |